Rank rejects asset swap move by US gaming rival - report
LONDON (Thomson Financial) - Rank Group PLC, the casino and bingo operator, has rejected a proposal from Harrah’s Entertainment, the owner of Caesars Palace casino, that would have seen the Las Vegas-based company sell a significant portion of London Clubs International to Rank in return for a stake of around 28 pct, the Sunday Telegraph reported, citing people familiar with the discussions.
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Do you know that:
- The first games that we would recognize as modern roulette were introduced in Paris casinos around the end of the 18th century. In the mid 19th century the single zero game was invented in France, this reduced the casino's edge thereby increasing the odds of the player.
- The first World Series of Poker was held in downtown Las Vegas at the Horseshoe Casino back in 1970. Then owner of the Horseshoe Jack Binion, hosted the very first one and has agreed to host upcoming World Series of Poker Tournament Circuit. Jack Binion said that is purely honorary and plans on doing other types deals and events in the future.
- Baccara (Italian) or baccarat (French) both translate to "zero" in English. The importance of this name is found in the tens and face cards, both sharing the zero value.
- Gambling is Often Legalized to Promote Economic Development of Depressed Areas. That was an important motivation in Las Vegas, Atlantic City, New Jersey, and many of the other locales for casinos.
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