Billionaire buys Vegas casino
Casino operator MGM Mirage is selling the Treasure Island Hotel & Casino on the Las Vegas Strip to billionaire Phil Ruffin for $500 million, the company said Monday.
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Casino gambling information:
- People earning $10,000 per year gamble more than twice as much money as people earning $30-40,000 per year. People earning $10,000 per year gamble four times as much money as those making $80,000 or more per year.
- Parimutuel wagering refers to the type of gambling where the total prize pool is based upon the amount of money wagered. The more money gambled, the bigger the prize.
- Riverboat Gaming Has Captured 20% of the Casino Market Share. Mississippi now has more gambling square footage than Atlantic City.
- 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.
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