John Kostrzewa: Private-equity firms see easy money in casinos

Seven of the 10 biggest buyouts this year have been engineered by private-equity firms — the entities that use debt and investors’ money to take over public companies.

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Sat, October 7th, 2006

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Casino gambling information:

  • The term "turned the tables" is actually a chess term coming from the mid 1600's. When a player was losing, they would physically turn the chess table to assume the winning side of the table.
  • When playing blackjack, always split Aces and never split 4's, 5's or Tens. You would be surprised at how many players split Tens. Why risk getting a lower hand when you already have a twenty value? Also note that at most casinos, you are not allowed to re-split Aces.
  • During the 1950s, the Senate Committee to Investigate Organized Crime in Interstate Commerce held a number of hearings on criminal influence in the casino industry. The committee was chaired by Senator Estes Kefauver, and the committee is also known by his name.
  • By the 1370s, playing cards had reached Europe in a form that is recognizable today, with a pack consisting of 52 cards with suits of swords, polo-sticks, cups and coins.