Casino Questions

In Texas hold’em poker, each player is dealt two cards, known as ‘hole’ cards, face down. The player immediately to the left of the dealer, known as the ‘small blind’, and the player to his left, known as the ‘big blind’, are required to make compulsory, albeit small, bets so there is something in the pot for players to win. A round of betting proceeds to the left, during which each player may call, raise or fold.

The dealer discards, or ‘burns’, the uppermost card in the deck and deals the first three ‘community’ cards, collectively known as the ‘flop’. By using the hole cards and the community cards, each player decides on the best actual, or possible, hand he can form and another round of betting follows accordingly.

The dealer burns another card and deals the fourth community card, known as the ‘turn’ card. Another round of betting follows, before the dealer burns another card and deals the fifth, and final, community card, known as the ‘river’ card. After another round of betting, the remaining players, starting with the last player to bet, or raise, reveal their hole cards and the player with the highest five-card combination wins. The highest possible hand is a royal flush or, A, K, Q, J, 10 all of the same suit, followed by a straight flush, or any sequence of five cards all of the same suit, followed by four of a kind, and so on down to a high card, which can still be a winning hand.

Gambling was legalised in Atlantic City, New Jersey following a referendum in 1976 and, two years later, Resorts International, now Resorts Casino Hotel, on the famous Atlantic City Boardwalk became the first legal casino in the United States outside Nevada. Fast forward four decades or so and, according the latest report by the New Jersey Division of Gaming Enforcement, far and away the most profitable land-based casino in Atlantic City is The Borgata Hotel Casino & Spa which, in the year to April, 2019, grossed $53.37 million, or nearly double the revenue of its nearest competitor.

Opened in July, 2003, making it the newest casino in Atlantic City, the Borgata is one of three casinos in the marina district of the city, the others being Harrah’s Resort Atlantic City and the Golden Nugget. Harrah’s, which opened in November, 1980, is the oldest of the three and was, in fact, the first casino in Atlantic located away from the boardwalk. At one point in its history, Harrah’s was the highest-grossing casino in Atlantic City but, as of April, 2019, ranked second behind The Borgata, with annual revenue of $27.18 million.

Third on the list comes Tropicana Atlantic City, with annual revenue of $24.02 million. Originally opened, on the Boardwalk, in November, 1981, nearly two years after original owners, Ramada, acquired the Tropicana Resort & Casino on the Las Vegas Strip in December, 1979, Tropicana Atlantic City is, nowadays, one of the largest hotels in New Jersey, with 2,400 rooms.

The Main Event of the World Series of Poker, held annually in Las Vegas, is considered the unofficial ‘world championship’ of poker and, since its inception, has produced some of the largest payouts in poker tournament history. However, the distinction of the largest single payout ever belongs to another World Series of Poker event, known as The Big One for One Drop.

Staged in aid of the One Drop Foundation – an international non-profit organisation that provides access to safe water, hygiene and sanitation – The Big One for One Drop is a $1 million buy-in, no limit Texas hold ‘em poker tournament. In 2012, The Big One for One Drop was contested by 48 players, competing for total prize money of $42.67 million. The winner that year was Antonio “The Magician” Esfandiari, who took home $18.35 million.

Esfandiari was chip leader, by some way, heading into the final table and confidently predicted that he would win the tournament. His confidence was not displaced, because he quickly dispatched six of the eight finalists and, although he briefly lost the chip lead to British poker professional Sam Trickett during heads-up play, finally triumphed in the eighty-fifth hand of the final table. On the button and holding 7, 5 off suit, Esfandiari made trip fives on the flop and, after a series of raises and re-raises, raised all in against Trickett, who had Q,6 suited in the hole and flopped a flush draw. Trickett called, but failed to fill his flush draw and had to be content with $10.1 million, the biggest consolation prize in poker tournament history.