Ameristar Casinos to offer $500M in notes
Casino operator Ameristar Casinos Inc. on Friday said it will offer $500 million in senior unsecured notes due 2014. The Las Vegas-based company plans to use proceeds to prepay and permanently retire part of revolving loans outstanding under its senior secured credit facility.
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Casino gambling facts:
- The first recorded betting games were played with marked disks or bones (the forerunners of dice), and spinning wheels or shields.
- The El Rancho Casino & Hotel in Las Vegas was known for a few firsts. It was the first casino/resort on the Strip opening in 1941 with 63 guestrooms. It was also the first to offer a buffet. The cost of the buffet was only $1.00! The El Rancho burned down in 1960 and fortunately no one was hurt.
- 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.
- Massachusetts decriminalized bingo in 1931 in an attempt to help churches and charitable organizations raise money. Bingo was legal in 11 states by the 1950s, usually only for charity purposes.
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