Bellagio Hotel en Casino in Las Vegas Beroemd en luxe 5 ...
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$ACAC Merging w/ Playstudios - Undervalued MGM-Backed Online Gaming/Gambling/Return to Normal Play?
Wondering what everyone's thoughts are regarding Playstudios merging with ACAC. Seems to have oddly dropped below even where it was when it was in the rumour stages. Here are some of the investment notes I've gleaned from my research. Please help provide more bear (or bull) cases if possible! Summary ⦁ Online gaming company with major backing and investments from MGM Group, Blackrock, Activision Blizzard, and Neuberger Berman ⦁ Playstudios' game profiles include: myVEGAS Slots, POP! Slots, myKONAMI Slots, myVEGAS Blackjack, and Kingdom Boss + myVEGAS Bingo coming soon ⦁ >100M lifetime app downloads ⦁ 4.2M monthly active users From PlayStudios investor deck ⦁ 56 minutes playtime/day (more than TikTok, YouTube, etc. as per Skillz' research), fairly comparable to Skillz as well (their data below) Skillz data on minutes per user per day - Playstudios is 56 minutes/day ⦁ Unique loyalty rewards program that engages sticky user base by providing free rooms, meals, drinks, at many Las Vegas resorts such as Bellagio, Aria, MGM, Luxor, Mandalay Bay, etc., as well as exclusive gambling room access in select casinos ⦁ Valued at $1B enterprise value at NAV ⦁ Using capital injection to develop new apps, M&A with other gaming companies Bull Cases ⦁ SPAC Management group is quite stacked and very heavy on online gaming, and gambling sectors ⦁ Co-CEO Edward King has experience at Morgan Stanley as Managing Director and Global Head of Gaming Investment Banking ⦁ Co-CEO Dan Fetters also has experience at Morgan Stanley as Managing Director of M&A ⦁ EVP of Acquisitions Chris Grove is a partner at Eilers & Krejcik Gaming ⦁ Chairman Jim Murren former CFO, Chairman, and CEO of MGM for over 20 years (12 years as Chairman, CEO) and led the recovery of MGM post-financial crisis. Currently also Chairman of COVID 19 Response in Neveda ⦁ Other Board members include the President and CEO of the Boston Red Sox and Chief Exec. of Fenway Sports Management, Senior VP of Monumental Sports and Entertainment, former CEO of ShooWin, and FoundeCEO of Sydell Group (lifestyle hotel chain) ⦁ Playstudios exec. team also all have long history of gaming, and gambling sectors ⦁ TAM of mobile gaming only set to continue to grow YOY ⦁ Loyalty program appears to be very sticky for Vegas visitors, as well as offering a clear value add for even non-gamers to participate (free drinks, hotel stays, etc.), and causing a virtous cycle from user app engagement -> real-life reward redemption -> resort app offers -> and back Virtuous Cycle - from PlayStudios investor deck ⦁ Undervalued in terms of PS ratios comp. to other mobile gaming companies (Zynga, Playtika, etc.), and EBITDA basis ⦁ History of strong app development and revenue growth without major capital injection ⦁ History of profitable business model, stronger revenues than a Skillz ($270M for Playstudios v. $255M for Skillz) Revenue Growth and DAU Chart - from PlayStudios investor deck ⦁ All apps have strong user experience and reviews are exceptional ⦁ Very large amount of shares set to exit lock-up 12 months after de-SPAC ⦁ During the lockdowns, the global market for social casino games grew 24%, indicating a strong hedge play against another locked down economy ⦁ Massive list of partners Partners List - from PlayStudios investor deck ⦁ Very valuable subset of audience From PlayStudios investor deck Bear Cases ⦁ Perhaps one of many entrants into an industry of very high competition ⦁ EBITDA near-term is not super strong ⦁ Some SPAC cash usage not ideal ($150M going into founder's pockets) ⦁ Not in a very hype sector like EV, Space, etc. TLDR: I think Playstudios is under-the-radar, competitively differentiated, and undervalued comp. to other mobile gaming companies right now at ~$11.20/share, and see near-term upside as a long-hold given the major partners and big names behind it (MGM primarily, Activision Blizzard secondarily). Disclosure: 5000 shares of ACAC Disclaimer: I am not a financial advisor... do your own due diligence.
I decided on a last minute whim to play the Venetian 100k this weekend. I planned on entering flight 1C on Friday and to my surprise, I was alternate 180 at around noon. The tournament was around 200 capacity with no rooms for more because the cash games were going and was told to come back an hour later to check if I would be next. 4 o'clock rolls around and the tournament director isn't even close to calling my number. The blinds were 300/600 with 600 BB ante, and I de-registered and got my money back. I asked the cage personnel if I can register for flight 1D, and to my surprise they said no, and to come around at 8 in the morning to wait in line. After getting my money back, I drove over to the Bellagio and played in a mix game that consisted of stud 8 and super stud 8. Cindy Violet was playing and running bad, and Chau Giang sat down for a brief moment not playing a single hand and leaving quickly. I played in the game for 14 hours and was down $485 and decided to call it a session. Bellagio poker room was not filled to the brim and my game was tucked in the corner closest to the cage. I drove back to the Venetian at 7 am and got my $300 free play chips from the casino cage, and proceeded to run the free money up to $1000 real money on the blackjack tables. At around 8 am, I colored up and went to line up at the poker room. The line was already 50 deep and registration doesn't open til 9 am. By the time 9 am roll around the line has already stretched around the huge electronic baccarat tables and pass the Asian noodle restaurant. I registered and went back to my hotel room for shower and a 2 hour nap. I woke up at 10:45 am, and ate a breakfast sandwich I had gotten before going to my room. I got to my seat at 11:05 and the tournament has just started. Room was very packed, you could not lift up your elbows without bumping into someone. Players at my table were filthy casuals who called preflop with 75% ranges, and I was able to double up my stack at level 2. Someone even called my pot size river bet with 95 high because they thought I was bluffing on a board KQ843, I was, but I had A9. At level 6, I lost a few flips, and a cooler spot where I had top 2 vs a turned straight. I went to my room to sleep for the rest of the day. TLDR: Venetian : Poker room is cramped, but the competition is very weak. I got a free bottle of white wine and $300 free play chips to stay there. Bellegio: Poker room had a lot of space. Saw semi famous poker players. Vegas: Mask were mandatory everywhere, a lot of people wore them incorrectly. No smoking at the blackjack tables. Strip is sketchier than normal, saw homeless lady in the Venetian fountains skimming for change. Drove home on Sunday.
Report your table minimums here (COVID Edition) part 3
Part 3 in the COVID series. To try and make this list more helpful, I have added Weekend Day and Weekend Night, as those can be vastly different than during the week. I'm trying to monitor Twitter and the Vegas Message Board to get some additional information. Keep sharing all that wonderful goodness. I'd like to update the wiki to talk about what sidebets casinos have, so if you know that info, I can add it to the table comments.
Vegas Strip Casino
Day Min
Night Min
Weekend Day
Weekend Night
Dividers
Comments
Aria
10
10
Unknown
Unknown
No
Updated 7/26
Ballys
10
15
10
Unknown
3 tables Updated 8/8
Bellagio
10
25
Unknown
Unknown
Yes, all tables
Caesars
15
25
Unknown
Unknown
No
Cosmo
15-25
50-100
Unknown
Unknown
Encore
10
10
10
10
Yes, on some tables
Updated 8/12
Excalibur
10-15
15
10
15
Updated 8/12
Flamingo
15
15-25
Unknown
25
Updated 8/8
Harrah's
15
25
25
25
No
Linq
15
15
Unknown
25
No
Updated 8/8
Luxor
10
10
15
15n
Updated 8/12
Mandalay Bay
15
Unknown
Unknown
Unknown
MGM Grand
10
25
Unknown
Unknown
Yes
NY/NY
10
15-25
15
Unknown
Yes
Updated 8/8
Osheas
Unknown
15
Unknown
Unknown
Paris
15
15
Unknown
Unknown
No
Updated 8/8
Sahara
5
10
10
10
Updated 8/15
Strat
Day
10
Unknown
10
25
No
Treasure Island
5
15
Unknown
Unknown
Venetian
10-15
25
Unknown
Unknown
No
Wynn
10
10
10
10
Yes, on some tables
Updated 8/12
Downtown Casino
Day Min
Night Min
Weekend Day
Weekend Night
Dividers
Comments
Binions
5
10
Unknown
Unknown
Binions had $5 table several times (opens at noon) Updated 8/17
California
10
10
Unknown
Unknown
Tables open at 11AM Updated 8/10
The D
10
15
Unknown
Unknown
No glass
Downtown Grand
10
10
Unknown
Unknown
Table opens at noon. Updated 8/10.
El Cortez
10
10
10
10
Yes, some tables
2 tables Updated 8/15
Four Queens
10
10
10
10
No
Updated 8/15
Fremont
10
10
10
Unknown
Updated 8/10.
Golden Gate
10
15
Unknown
Unknown
Updated 8/18
Golden Nugget
10-15
10
Unknown
Unknown
$15 with one table open on 8/18
Plaza
10
10
Unknown
Unknown
Updated 7/30
Sams Town
15
15
Unknown
Unknown
1 table
Offstrip Casino
Day Min
Night Min
Weekend Day
Weekend Night
Dividers
Comments
Aliente
10
10
Unknown
Unknown
Boulder Station
10
10
Unknown
Unknown
Cannery
5
5
Unknown
Unknown
up to 2 tables - now allowing 4 per side
Ellis Island
5
5
5
5
1 table - Updated 8/17 - I just called the pit at Ellis. Craps table opens up at 10am and its 5 dollars 90% of the time
Gold Coast
10
10
Unknown
Unknown
Green Valley Ranch
10
10
Unknown
Unknown
2 tables open
The Orleans
10
25
Unknown
Unknown
up to 4 tables, I was asked to wear a mask
Palace Station
10
10
Unknown
Unknown
Unknown
Palms
N/A
N/A
Unknown
Unknown
No open date announced
Red Rock
10
15
15
Unknown
Updated 8/14
South Point
5
5
5
10
No
Updated 8/15
Strat
5
10
Unknown
Unknown
Sunset Station
5
5
Unknown
Unknown
Other NV Casinos
Day Min
Night Min
Weekend Day
Weekend Night
Dividers
Comments
Edgewater (Laughlin)
10
10
Unknown
Unknown
Harrahs (Laughlin)
10
15
Unknown
Unknown
no
Atlantis (Reno)
5/10
5/10
Unknown
Unknown
3 tables on weekends
Cal Neva (Reno)
5
5
Unknown
Unknown
Circus Circus (Reno)
Closed
Closed
Unknown
Unknown
Closed table game pit
Eldorado (Reno)
5
10
Unknown
Unknown
Grand Sierra (Reno)
15
15-25 Unknown
Unknown
Peppermill (Reno)
5
5
10
10
3 craps tables
Silver Legacy (Reno)
10
10
Unknown
Unknown
Hard Rock (Tahoe)
5
5
Unknown
Unknown
Harrahs (Tahoe)
10
10
Unknown
Unknown
Montbleu (Tahoe)
10
15
Unknown
Unknown
Nugget (Wendover)
5
5
5
5
Updated 7/31
Peppermill (Wendover)
5
5
10
10
Updated 7/31
Rainbow (Wendover)
5
5
10
10
Updated 7/31
Non/NV Casino
Day Min
Night Min
Weekend Day
Weekend Night
Dividers
Comments
Wind Creek (Wetumpka, AL)
15
25
Unknown
Unknown
4 to a table Updated 7/31
Sycuan (San Diego, CA)
10
10
Unknown
Unknown
Masks required
Barona (So Cal)
10
15
10
10-15
2 tables 2 per side, dealers managing bets for players. Updated 8/21 ($10 at times)
Harrahs (So Cal)
15-25
15-25
15-50
15-50
No
Updated 7/31
Viejas (So Cal)
N/A
N/A
Unknown
Unknown
No live tables
Foxwoods (CT)
15
25
Unknown
Unknown
Mohegan (CT)
15-25
25
Unknown
Unknown
2 were 10, 2
Harrington (DE)
15
15-25
Unknown
Unknown
Must wear mask and face shield
Rivers (Chicago, IL)
15
15
Blue Chip (Michigan City, IN)
5
10
Unknown
Unknown
5 minimum prop bets, 5 min ATS bet.
Caesars Southern IN
10
15
15
25
Updated 8/5
French Lick Resort (French Lick, IN)
15
15
25
25
Tables open at 11am and close at 3AM. Updated 8/5
Harrah's Hooiser Park (Anderson, IN)
10
10
Unknown
Unknown
Indiana Grand (IN)
10
15
Unknown
Unknown
No
Belle (Baton Rogue, LA)
5
10
Unknown
Unknown
one half sized table sometimes they open the big one. $5 small table and $10 big late at night
Hollywood (Baton Rogue, LA)
5
10
Unknown
15
Updated 7/24
L’auberge (Baton Rogue,LA)
15
15
Unknown
Unknown
No
L’auberge (Lake Charles,LA)
15
15
Unknown
Unknown
No
1 bubble craps $5 min
El Dorado (Shreveport, LA)
10
10
10
10
Updated 8/17
Horseshoe (Shreveport, LA) 15
15
15
15
Updated 8/17
Margaritaville (Shreveport, LA) 15
15
15
15
Updated 8/17
Ocean Downs (MD)
10
15
Unknown
Unknown
Maryland Live (MD)
25
50
50
Unknown
Yes
5 tables, 4 per side. Electronic craps 15 min
MGM @ National Harbor
50-100
Unknown
Unknown
Yes
4 craps tables 2 were $50 and 2 were $100 mins. Not bubble craps or low roller options.
Firekeepers (Battle Creek, MI)
10
15+
Unknown
Unknown
No dividers, only distancing
1-2 tables depending on demand, did see it at $15 during the day $25 on Fri/Sat night. Masks required, no smoking. $3 Bubble Craps.
Four Winds Casino
15
15
Unknown
Unknown
Digital craps table 5$ min Tuesday and Sunday night. Did not check bubble craps
Gun Lake (Wayland, MI)
10
15
Unknown
Unknown
No
Temp check, masks, usually the crapless table is open
Turtle Creek (Traverse City, MI)
5
Unknown
Unknown
Unknowned
2 tables, temp check, masks
Soaring Eagle (Mt Pleasant, MI)
10
15
Unknown
Unknown
Yes
5 players per side with glass. Tough to hear dealer.
Hollywood Casino, Maryland Heights (St Louis) MO
15
15
Unknown
Unknown
1 regular table & 1 no craps. 4 per side. No outside drinks.
River City (St. Louis, MS)
20
20
Unknown
Unknown
Unknown
4 players per side. $20 min. You have to have at least a $20 bet for every throw to "hold your spot"
Beau Rivage (Biloxi, MS)
25
25
Unknown
Unknown
unknown
3 tables
Boomtown (Biloxi, MS)
10
10
Unknown
Unknown
Unknown
1 table
IP (Biloxi, MS)
25
25
Unknown
Unknown
Scarlett Pearl (Biloxi, MS)
15
25
Unknown
Unknown
No
Masks required, temp check
The Palace Biloxi, MS)
10
15
Unknown
Unknown
Treasure Bay (Biloxi, MS)
10
10
Unknown
Unknown
Harrah’s Cherokee & Murphy
15
15
Unknown
Unknown
No
Harrahs River Valley (Murphy, NC)
25
25
Unknown
Unknown
Ballys (AC, NJ)
15
15
Unknown
10
Updated 7/29
Caesars (AC, NJ)
15
15
Unknown
15-25
Updated 7/29
Harrahs (AC, NJ)
15
15
Unknown
Unknown
Hard Rock (AC, NJ
15
25
Unknown
Unknown
2 tables - Updated 7-29
Resorts (AC, NJ)
15
25
Unknown
15
Yes
1 table - Updated 7-29
Ocean (AC, NJ)
10
15
15
25
Yes
4-6 tables
Buffalo Creek (NY)
15
25
Unknown
Unknown
Seneca Niagra (NY)
10
15
Unknown
Unknown
1 table, can go up to $25
Jack/Harrah's (Cincinnati, OH)
25
25
25
25
3 tables, $25 open to close
Hollywood (Columbus, OH)
10-15
Unknown
Unknown
Unknown
Unknown
2 tables, masks required
Hollywood (Grantville, PA)
15
25
Unknown Unknown
Unknown
2 tables, masks required
Harrah's Philly (PA)
Unknown
Unknown
15
25
Updated 8/10
Meadows (PA)
10
10
Unknown
Unknown
2-3 tables.
Mohegan Sun (PA)
Unknown
Unknown
25-50
Unknown
Windcreek (PA)
10
10
Unknown
Unknown
Mount airy (PA)
10
10
Unknown
Unknown
Valley Forge (PA)
10
Parx (Bensalem, PA)
15
25
Unknown
Unknown
15 but maintaining 25
Southland Casino Racing (West Memphis, TN)
N/A
N/A
Unknown
Unknown
Yes
4 tables all closed. Other pit games open with plexiglas dividers. Bubble craps $5 minimum.
Mardi Gras (Nitro, WV)
15
Usually open on weekends - Updated 7/28
*Last update 8/21 Part 1. It's getting buried so I figured we would make a new one. Part 2 Pulled additional info from here.
6/17 Edit: Great info guys. Keep it coming! If something changes, please let me know. I reached out to the mods asking about putting together a post to collect minimums for craps tables in Vegas and other places. If this post gains traction, it may get a sticky. It may also help cut down on the amount of posts asking for this info. I'll try to keep the body of the post updated. If information is correct, let me know. Update 6/18 - Nevada Gaming Board announced masks required at table games in Nevada. I haven't heard that this is being enforced yet. 6/30: Keep reporting, especially any of you heading to Vegas. We would love to hear what the mins are on the strip Let me know what casino, day or night and the minimums:
Vegas Strip Casino
Day Min
Night Min
Dividers
Comments
Aria
15
25
Unknown
Bellagio
10
25
Yes, all tables
Poker tables open
Caesars
15
25
No
Poker tables open
Casino Royale
N/A
N/A
N/A
Table Games not open
Cosmo
100
50-100
Encore
50
100
Yes, on some tables
Updated 6/16
Excalibur
10-15
Unknown
10 crapless, 15 regular
Flamingo
Rare (5) - 15
25
Harrah's
15
25
No
Confirmed no dividers per 6/16 Youtube video
Linq
15
25
No
Luxor
10
15
Mandalay Bay
N/A
N/A
MGM Grand
10
25
Yes, all tables
NY/NY
10
15
Yes, all tables
Osheas
Unknown
15
Paris
N/A
N/A
No
Opened 6/18 - Masks required at tables.
Planet Hollywood
N/A
N/A
No open date announced
Rio
N/A
N/A
No open date announced
Strat
Day
10
Unknown
Treasure Island
5
15
Venetian
Unknown
25
No
Wynn
25-50
50-100
Yes, on some tables
Updated 6/16
Downtown Casino
Day Min
Night Min
Dividers
Comments
Binions
10
10
California
10
10
The D
10
15
No glass
El Cortez
10
10
Yes, some tables
2 tables
Four Queens
5
5
No
Confirmed thru 6/14 Youtube video
Fremont
10
10
Golden Gate
5
5
From 6/9 on Vegas Message Board (no carnival games)
Sams Town
15
15
1 table
Offstrip Casino
Day Min
Night Min
Dividers
Comments
Aliente
10
10
Boulder Station
10
10
Cannery
5
5
up to 2 tables, a mask was provided but not required
Ellis Island
5
5
1 table
Gold Coast
5
5
Green Valley Ranch
10
10
2 tables open
The Orleans
10
25
up to 4 tables, I was asked to wear a mask
Palace Station
10
10
Unknown
Palms
N/A
N/A
No open date announced
South Point
5
5
2-3x tables w/ only one $5 buy in
Strat
5
10
Sunset Station
5
5
Other NV Casinos
Day Min
Night Min
Dividers
Comments
Edgewater (Laughlin)
10
10
Harrahs (Laughlin)
10
15
no
Atlantis (Reno)
5/10
5/10
2 tables with different mins
Cal Neva (Reno)
5
5
Circus Circus (Reno)
Closed
Closed
Closed table game pit
Eldorado (Reno)
10
10
Grand Sierra (Reno)
15
15-25
Peppermill (Reno)
10
10
3 craps tables
Silver Legacy (Reno)
10
10
Hard Rock (Tahoe)
Closed
Closed
Currently closed
Harrahs (Tahoe)
25
25
Montbleu (Tahoe)
10
15
Non/NV Casino
Day Min
Night Min
Dividers
Comments
Foxwoods (CT)
15
25
Mohegan (CT)
10-50
10-50
2 were 10, 2 $15, 1 $25, 1 $50. Plus a high rollers table
Harrington (DE)
10
15-25
Must wear mask and face shield
Blue Chip (Michigan City, IN)
5
10
5 minimum prop bets, 5 min ATS bet.
L’auberge (Lake Charles,LA)
25/50
25/50
2 $25 min and 2 $50 min tables. 1 bubble craps $5 min
Harrahs (Shreveport, LA)
15
25
Margaritaville (Shreveport, LA)
25
25
Ocean Downs (MD)
10
15
Maryland Live (MD)
25
50
Yes
5 tables, 4 per side. Electronic craps 15 min
MGM @ National Harbor
50-100
Yes
4 craps tables 2 were $50 and 2 were $100 mins. Not bubble craps or low roller options.
Firekeepers (Battle Creek, MI)
10
15+
No dividers, only distancing
1-2 tables depending on demand, did see it at $15 during the day $25 on Fri/Sat night. Masks required, no smoking. $3 Bubble Craps.
River City (St. Louis, MS)
20
20
Unknown
4 players per side. $20 min. You have to have at least a $20 bet for every throw to "hold your spot"
Ultimate Gambling Guide for GTA Online - odds, probabilities, and optimal strategies
Since the Diamond Casino update, I have seen a large number of 12-year-olds posting Blackjack memes on this sub. As a parent, this has me very worried. On top of that, I have seen some of the most trustworthy GTA Youtubers giving flawed gambling advice, which can have damaging impact on their gullible audiences. So that's why I decided to write this up, to educate everyone on the subject, so there will be no more misunderstandings. (2020 Update down at the bottom.) If you're one of those Youtubers that wants to use this information in a video, feel free to do so. The more people (especially kids) that become educated about gambling, the better. But then also please go back and review your own work, and delete or edit the videos that are giving out the wrong advice, like where you're saying you have "a good strategy for making money with roulette", or some other nonsense that I've heard this week. Delete that please. Before I get into the individual games, I need to discuss a few concepts first, that will make understanding the rest a lot easier. Expected return and variance A game like Roulette or Slots has a fixed expected return on your bets. This is a percentage that you have no way of influencing. Say you are flipping a coin against a friend, and you both put up $1. The winner gets the pot. Since the odds are even at 50%, in the long run, you will expect to break even. Your expected return is 100% of your bet. But imagine if you would play this coin flipping game in a casino against the house. On the "house rules" listed at the table they would probably say that you would only get 95 cents back for every win, while you are forfeiting a dollar on every loss. Would you still play? Sounds stupid to do so, but still, everybody does it. Every bet they place on Roulette, every coin they put into a Slot machine, is based on the same concept. Those few cents they take on every bet are their profit margin, and has paid for all the Vegas lights, the Mirage volcanoes, and the Bellagio fountains. Make no mistake - casino gambling games are not designed to make you lose, because sure, you can get lucky on a single night, but they are designed to make them win. That's the beauty of it. They can both exist at the same time. Too many people that don't see how this works, are just destined for disaster. Just because you went on a lucky streak and won 8 games out of 10, does not mean that flipping coins is a profitable game, or that choosing tails is a winning strategy. Always be aware of the house edge, your true chances of winning, and just realize that you got lucky. There is no such thing as a strategy in flipping a coin that will give you a higher expected return, so it's just pure gambling, just like Slots and Roulette. Most casino games are made in such a way, that your expected return is a little under 100%. This means that from every dollar bet at the tables, the casino expects to keep a few cents. For individual players, results may vary. Some will win, most will lose. But for the house, it doesn't matter. They take millions of bets each day, so for them, the expected average works out a lot sooner. In short: the house always wins. When looking at the house edge, we're talking about the expected long-term result, based on the game's house rules. But for a player, it can take literally tens of thousands of hands or spins before you also reach this average number. Until that time, you can experience huge upswings and downswings, that are the result of nothing but short-term luck, which is called variance. Some games and some bets have a much higher variance than others, which means your actual results will differ enormously from what you're expected to be at. Take for example betting on red/black at the Roulette table. This is a low-variance proposition, because it has a high percentage chance of occurring, and a low payout. Contrast this with betting single numbers in Roulette, which only win once every 38 spins on average. This bet has a much higher variance, meaning you can easily hit a dry spell, and not hit anything for 200 bets in a row, or you can see a single number hit three times in five consecutive spins. This is not a freak occurrence in high-variance bets. Even though the expected return in both these bets is exactly the same, there's a huge difference in variance, causing massive differences in short-term results, which can go both ways. You need to be aware of this, before you decide what types of bets you are comfortable with placing. Gamblers' Fallacy Another thing to realize, is that each individual game, hand, or spin, is completely independent from the one(s) before it, and after it. Gamblers tend to believe, that the chance of a certain outcome is increased, based on previous results. The most famous example comes from the Casino de Monte Carlo, where the Roulette wheel managed to land on black 26 times in a row. Gamblers lost many millions during that streak, all frantically betting on red, believing that the odds were in favor of the wheel coming out on red, after producing so many blacks. This is not true. Each round is completely independent, and the odds are exactly the same. You will hear people say things like a Blackjack table being "hot" or "cold", which is completely superstitious, and should be ignored. The exception was when Blackjack was being dealt from a shoe. It made card counting possible. But with the introduction of shuffle machines, and continuous shuffling like is being used in GTA, this no longer exists. This is also why "chasing your losses" is a very bad idea. After being on a losing streak for some time, many gamblers believe that now it's their turn to start winning. So they will often increase their bet size, believing that when their predicted winning streak comes around, they will win back their losses, and more. The reality of it, more often than not, is that people will indeed start playing higher and higher limits, until they are completely broke. Nobody is ever "due for a win". There is never a guarantee that you're about to start winning. In fact, the opposite is more likely to be true. You are, after all, in a casino. Betting systems Some people like to think that they have a fool-proof betting system, like the Martingale system. Simply increase or even double your bet when you lose, and keep doing that until you win. In theory, this system will always win. So that's why table limits were introduced, and where the system fails. If you start at the Roulette table, playing red/black, with a small 750 chip wager, and just double your bet every time you lose, you only have to lose 6 times in a row, before you will be betting the table limit of 48,000, just to get that 750 chip profit. Sure, you can go on all evening without this happening, winning 750 chips each time, but this losing streak only has to happen once, and you're bust. Any betting system like this is ill-advised, because you are hugely increasing your so-called "risk of ruin", and that's what we were trying to avoid. And even if your starting bet is only 100 chips, after only nine straight losses, and nine doubled bets, you are betting the table limit at 50,000 chips. If you lose that bet, you're 100,000 chips in the hole, with no way to recover that with your 100 chip base wager. So don't believe anyone that says this is the perfect system to always win in the casino. Sooner or later they will understand why they were wrong, when they're asking you for a loan. Set your limits BEFORE you start playing One final point before we get into the games, a general tip for people that head out to play: money management. Just like in real life, before you go to the casino, decide on a maximum amount that you are WILLING TO LOSE. Bet small enough, so that amount can last you through the entire evening, and you will not be tempted to run to the ATM to continue playing. Considering GTA money, some people will be comfortable losing 1% of their GTA bank balance, some people will be comfortable with gambling away 5% of their total GTA savings. It's up to you what you can handle. Decide for yourself where it will start to hurt, and don't cross that line. But whatever number you decide on, as soon as you lost that amount, get up and walk away. Don't chase your losses, stick to your limits, and accept that this has not been your day. There is always another game tomorrow. Always agree with yourself on a simple stop-loss rule, how much you would want to lose at most, and simply stop playing when you get there. Same goes for winning. You can decide on a number, how much profit you would like to take away from the casino. You can go on a hot streak and be up half a million in a short period of time, but if you would continue to play longer, looking for more, chances are that you're going to lose it all back. Most people are happy with doubling their daily casino budget, for example. Others are looking for 10 bets profit in Blackjack. Whatever you choose, when you hit that number, you can stop playing and bank your profits, or you can continue playing if you're still enjoying the games, but then only just play minimum bet sizes. Then you're just playing for fun, not for money. You've already made your profit, so simply keep it in your pocket, and don't risk losing it again. Either way, decide on what your money management strategy will be, and STICK TO IT. Casino games in GTA Online Now, I'm going to dive into the games that you can find at the Diamond casino, ordered from worst to best. 6) Slots Generally the rule is this: the less strategy a game has, the worse it is for the player. And with slots, this is definitely the case. The only influence you have, is choosing what type of machine you're going to play. Basically, there are two types of slot machines: -high frequency, low payout slots -low frequency, high payout slots In the first type, there is no huge (progressive) jackpot on offer, just your average selection of prizes that don't go up to crazy amounts. This will result in a player having many more spins resulting in a win. The amounts that you win on the bigger prizes, will be smaller, but they do come around more often. This type of slot machine has a lower variance, which means that your money should last you longer, winning many smaller prizes along the way to keep you going. The second type of slot machine lures you in with the temptation of a huge jackpot prize. Even though the long-term expected return on these machines is the same as the previous type, the prize distribution is hugely different. The large jackpot prize weighs heavily on the scale of expected return, but the chance of it hitting is extremely small. This results in a much higher variance on this type of machine. Usually your money will go down very fast, because the smaller prizes are less rewarding than on the other type of machine. At the Diamond, the info screen says the player return at slots is set at 98.7%. This means that, on average, for every maximum bet of 2,500 chips, you expect to lose 32.5 chips. This might not seem like a lot, but the danger of slots is that the game is extremely fast. You can spin about once every 6 seconds, which would result in an expected LOSS of about 20,000 chips per hour of playing. But again, in this long-term expected number, the large jackpot awards are also factored in, and as long as you don't hit those big prizes, you'll see your money go down a lot faster. In any case, thank heavens the max bet is only set at 2,500, or else we would see more players go bankrupt at alarming rates. Optimal strategy for slots: There is none. Because after betting, you have no more influence over the outcome. The only choices you have, is what type of machine you want to play at, and how much money you are going to risk. And those are all personal preference. As long as you stick to your loss limits, as discussed above, there's no harm in having a go every once in a while, hoping to get a lucky hit. Just realize that you don't have a high chance of scoring a big win, so as soon as you do, get up and walk away. 5) Roulette Roulette is also a game where you have no influence over the outcome. There is zero skill involved. You place your bet, and that's it. In traditional French roulette, a table has only the single-zero, but of course, for American casinos that wasn't enough of a house edge, so they simply doubled their profits by adding a second zero. The house edge was increased from 1/37 to 1/19, which is huge. This makes playing on a double-zero roulette table by definition a sucker's play. The payouts scale evenly, which means that a bet on a single number, and a bet on half of the numbers, and everything in between, yields the same expected return. The only difference, again, being the variance that you are willing to subject yourself to. The player return for double-zero Roulette for all bets is 94.74%. Except for the 5-number bet, which can only be made by placing a bet on the two top rows that contain 0, 00, 1, 2 and 3. The expected return on this bet is lower: 92.1%. This is because it only pays out 6-1. Why? Well, the number 36 isn't divisible by 5, so the greedy people that came up with double-zero Roulette had to round it off someway, and as expected, it wasn't going to be in the players' favor.Just remember that that 5-number bet is the worst bet at the table, and should be avoided. All other possible bets have the same expected return. So it really doesn't matter how you spread your bets, if you bet only one chip, or if you litter the entire table with a bucketload of chips. Each chip you put out there, has the same expected return, so there is no strategy that will improve your long-term results. Assuming that you're betting the maximum table amount of 50,000 chips, you will be looking at an expected loss of about 2,630 chips per spin. Considering that a round takes about 45 seconds to complete, your expected LOSS at the GTA Roulette tables will be around 200,000 chips per hour of playing. Optimal strategy for double-zero roulette: Stay away. Stay far away. 4) Three Card Poker With Three Card Poker, we come across the first game where there is actually some strategy involved. You get to look at your cards, and then decide if you want to fold, and surrender your ante, or double your bet. Additionally, you can choose to place a side bet on "Pair Plus", which offers progressive payouts. There are some websites out there that ran all the numbers with computer simulations, and even though I would like to quote the source here, these websites are understandably littered to the max with online casino ads, so that's why I have decided against doing that. Optimal strategy for Three Card Poker: For this game you only have to remember one strategy rule: Always bet on any high card queen-six-four or better, and fold any high card queen-six-three or lower. That's it. Just don't forget to double check if you're not folding a straight or a flush, and you'll be fine. This strategy will result in an expected return of 96.63%. The Pair Plus sidebet, with the payout table that is used at the Diamond casino, gives you an expected return of 97.68%, which is actually a bit better than the main ante bet. So by playing both wagers, you're reducing your expected losses per bet, but since you're betting more, you're also increasing your expected loss per hour. My advice would obviously be to not play this game at all, but if you do, put as much of your bet as possible on the Pair Plus, while making our Ante bet as small as you can. To be able to compare it to the other games at the Diamond, let's stay on that 50,000 maximum wager, meaning making your ante bet 35,000, and your pair plus bet 15,000, if the table would allow it. This results in an expected loss of about 1,525 chips per hand, and with a round taking about 45 seconds, this adds up to an expected LOSS of around 120,000 chips per hour of playing. In comparison, if you would only play the ante bet for 50,000 per hand, you expect to lose 1,685 chips per hand, which means an expected LOSS of about 135,000 chips per hour. So the more out of that 50,000 wager you can put on the "Pair Plus" sidebet, the better. Even though it may be fun to try out this game for a bit, since there's only one simple strategy rule to follow, you'll soon find yourself robotically grinding down your bankroll until it has vaporized. You're not missing out on anything if you skip these tables, there is no real challenge. Just like with Roulette and Slots, if you want to try it out nonetheless, you can just bet the minimum amounts and only play for fun, so it won't matter if you win or lose. 3) Blackjack Blackjack is the most complicated game by far. Simply because the player has to make a series of decisions, which will largely decide the outcome. Luckily, there is such a thing as an optimal strategy, which will be outlined below. However, the strategy is also dependent on the house rules. These not only affect your expected return, but in some places also your decisions. Here are the house rules at the Diamond casino: -The game uses 4 standard decks, and a continuous shuffle. -Blackjack pays 3 to 2, dealer checks for early blackjack. -No insurance offered, no surrender. -Dealer stands on soft 17. -Double down on any two cards. -Player can split only once, but doubling after split is allowed. -Seven-Card Charlie. Under these rules, and following the "basic strategy" chart, your expected return at Blackjack is a shade under 99.6%, which is extremely good for a casino game, that's why Blackjack should be your table game of choice. But it comes at a price: you are going to have to memorize the relatively complicated strategy chart, or at least stick it to your monitor until you have it in your head. But in case you ever stumble into a real-life casino, you won't regret having this table memorized, so I would definitely advise you to work on that. The strategy chart might look complicated at first, but you will be able to notice certain patterns. Your decisions are mainly based on the dealer's upcard, which is basically divided into a weak card (2 to 6), and a strong card (7 to ace). When a dealer shows a strong card, you will be hitting more often with the risk of going bust, but when a dealer shows a weak card, you're not taking that risk, and you will be standing more, but also doubling and splitting more. You want to increase your bets when the odds are in your favor, and get out cheap when they're not. But it also helps to take some time to think about why a certain advice is given. For example, why does it say that you always have to split two eights, even against an ace. Well, that's because two eights equals 16, which is the worst total you can have. It's better to split them up, and give yourself a chance of finding a 17, 18 or 19 with the next card. Once you see the logic in that, you'll have one less thing to memorize. The playing advice in the basic strategy chart is a result of computer simulations that ran all possible outcomes against each other, and produced the most profitable decision for each situation. So you can't go wrong following it. Optimal strategy for Blackjack with Seven-Card Charlie The added house rule of Seven-Card Charlie, adds a small advantage for the player, and it does influence a few strategy decisions. For example, you might have a 14 with 6 cards, against the dealer's 5 upcard. Normally this would be an automatic stand, but if you're only one card away from the Seven-Card Charlie, meaning an instant win for the player, regardless of the dealer's hand, it turns it into a hit. Here's the most optimal strategy chart to follow for the Diamond Casino house rules: https://prnt.sc/olct6g You'll see that two fives are missing from the chart, and that's because you never split them. You treat them as a regular 10. You also never split tens. Just stand on 20. If you follow this strategy religiously, even with a maximum wager of 50,000 chips, you only expect to lose about 215 chips per hand, and with rounds taking about 30 seconds, that amounts to an expected LOSS of 26,000 chips per hour, which is only half a bet. A small price to pay for an hour of entertainment. But since the expected return is so extremely close to 100%, you will see more positive short-term results than with other games. But obviously it can also swing the other way. Again, this is supposed to be the game where your money lasts you the longest, but always set your loss and win limits before you sit down. That rule simply always applies. Still, even with optimal strategies applied, all these games are expected to lose you money in the long run. So betting any kind of large amounts is not advised. If you simply want to enjoy playing these games, there's nothing wrong with betting a minimal amount. Playing these games for a longer period of time will already cost you money anyway, since your daily property fees will still be charged while you're playing in the GTA casino. As long as you can play for fun, there's nothing wrong, but when you see yourself betting insane chunks of your entire bank balance to try to recoup some unfortunate losses, you're doing it wrong. As the commercials in Britain all correctly say: when the fun stops, stop. 2) Virtual Horse Racing Now onto the good stuff. I ran some numbers, and I believe Rockstar has made a mistake with the horse racing game. Because as it stands, and if I read the numbers correctly, this game is actually profitable for the player. You can actually make money with this, at least, until Rockstar figures out their mistake and patches it. If anyone wants to jump into the math and double check this to make sure, please do so. I will add any corrections to this post. This is one of those "to good to be true" things, so I keep thinking that I might have overlooked something. So please verify it if you can. The setup is this. There is a pool of 100 horses, each with their own attached payout. These are divided into 3 groups, ranked by their odds. From each group, 2 horses are randomly selected to provide a pool of six runners for you to bet on. Now it's not an actual race you're looking at. You are looking at a raffle. This is important to realize. Each horse gets awarded a certain number of raffle tickets. The favorites get awarded more tickets than the underdogs, and therefore, have a higher chance of winning. If this distribution works like it does in the real-life casinos, then the raffle tickets are awarded according to the betting odds. Example 1: imagine a race with 3 runners, all have 2/1 odds, representing a 33.3% chance of winning. (Because 2/1 means 2 AGAINST 1, so 3 total.) In this case, each horse gets one third of the raffle tickets, giving them an equal chance to win. Example 2: imagine a race with 3 runners, one has 1/1 odds (or EVENS), representing a 50% chance of winning, and the other two horses are marked up as 3/1, with a 25% chance of winning. The favorite gets half the tickets, the other two get a quarter of the tickets each. A ticket is drawn, and you'll have a winner. It doesn't matter in this game which horse you bet on, because the expected return is always the same: 100% or break-even, for the above examples. Now, what happens if the percentages don't exactly add up to 100%? They must add up to 100%, because there will always be a winner. And only one winner. So when this is the case, the actual winning chances of the horses are adjusted to meet the 100% requirement, using their payout odds to determine the scale. So, if the represented percentages add up to more than 100%, the actual winning chances of the runners will be DECREASED, resulting in all bets becoming losing propositions for the players. Example: In a 6-horse race, all runners are listed at 4/1, representing a 20% chance. Only with six runners that amounts to 120%. So all chances are scaled down by 1/6th, to end up at 100%. This means your horse's chances are reduced from 20% to 16.67%, turning it into a losing bet: 5 times you will lose your bet, and 1 time you will win, but only get 4 bets back in this instance, instead of 5. A losing bet in the long run. This is the type of odds that you find in regular casinos, with fields as large as 15 runners to bet on, where the assumed winning chances always add up to more than 100%, therefore are decreased for all runners, resulting in a house edge. But in GTA Online's Inside Track, there are other scenarios, because of the small field, and the way that they are put together. In some cases, the represented percentages when added up, are LESS than 100%, meaning that the actual winning chances of all runners, are INCREASED. This creates profitable bets for the players, because in the long run, you're expecting to win more money than you lose. This is a gambler's dream, pure and simple. So, according to the in-game information, the three groups of horses are divided as follows: -Favorites: EVENS to 5-1 -Outsiders: 6-1 to 15-1 -Underdogs: 16-1 to 30-1 Let's take the two most extreme examples to show what's happening. The worst possible field to bet on: two runners at EVENS, two runners at 6-1, and two runners at 16-1. EVENS represents a 50% chance, 6-1 is 14.29%, and 16-1 is 5.88%. Add those up and you land on a total of 140.34%. This means that the actual winning chances of the horses are decreased by 28.75% (to get that 140% down to 100%), which makes betting on this field extremely unwise. A horse at EVENS will only come in as a winner 35.63% of the time, instead of 50%, a horse at 6-1 will only win 10.18% of the time, and an underdog at 16-1 will only win 4.19% of the time. The expected return on a bet on any of the horses in this field is only 71.26%, so a maximum bet of 10,000 chips on any of these horses holds an expected LOSS of 2,875 chips. These returns are the same, because the winning chances are scaled equally, according to the payout numbers. So it really doesn't matter which horse you bet on, in the long run, you expect the same results. But as explained before, it does influence variance, and therefore your short-term result, which can swing both ways. But now, the best possible field to bet on: two runners at 5-1, two runners at 15-1, and two runners at 30-1. Odds at 5-1 represents a winning chance of 16.67%, 15-1 odds means 6.25% chance, and 30-1 odds means a 3.23% chance of winning. Add these six horses together, and you only get 52.285%. This means that, to get from 52% to 100%, the actual winning chances of these horses will be almost doubled! Multiplied by 1.91 to be exact. So the 5-1 favorites will now win 31.88% of the time, instead of 16.67%, the 15-1 runners will win 11.95% of the time, and the underdogs at 30-1 odds will still win 6.17% of the time. When betting on this field, the expected return on your bet is 191.25%! This means that a max bet of 10,000 chips will result in an expected PROFIT of 9,125 chips. This is printing money, if there ever was such a thing. Optimal strategy for Virtual Horse racing So all you have to do, is only bet high on the games where you have an expected positive return, and bet the absolute minimum on the games where your expected return is negative. Or back out of the racing game to refresh the field. If you don't have a way to quickly add up all the percentages, and until somebody shows up here with a neatly formatted table, just use a few general rules of thumb: -Always bet the maximum on a race with favorites at 2/1 and 3/1 or higher in it. -Simply skip all races with two favorites at EVENS in it, and at EVENS and 2/1. Or bet the minimum, if you can't skip or refresh the field. -To decide if you should play races with other favorite combinations EVENS and 3/1, EVENS and 4/1, EVENS and 5/1, or two favorites at 2/1, the payouts on the other four runners determine whether or not it's profitable to play them. The results of betting on these fields vary from an expected 1,330 chip loss (worst-case) to an expected 1,680 chip win (best-case), with a max bet of 10,000 chips. But if you're not looking for another strategy chart, you might just want to skip these borderline cases, and just cherry pick the best ones, which are easy to recognize, and with which you can never go wrong. It's difficult to put a number on an expected win-rate, because it all depends on which fields you get presented with, but it's not unreasonable to state that you can maintain a steady win-rate of around 200,000 chips per hour, with about 50 seconds per race. Remember, you're not trying to win every race. You're trying to win the most money per hour. So don't sweat it when you bet on a 4/1 favorite, and lose a couple of races in a row. It will still be more profitable in the long run. You have the math on your side. To reduce negative variance, always bet on the favorite, when betting on profitable fields. We're not gambling anymore, we're grinding out a steady profit. We want to keep the swings to a minimum. I contacted Rockstar support to verify if this is indeed how it works, but the only reply I got after 6 weeks is that they were "looking into it". User u/Garsant made a useful Excel-worksheet, available for you to download, where you can quickly type in the payouts on the horses, to see if it produces a profitable bet or not. You can find it in his post here: https://www.reddit.com/gtaonline/comments/ekp8na/gta_online_inside_track_odd_calculato 1) Wheel of Fortune The number one profitable casino game in GTA Online is obviously the Wheel of Fortune, because it costs you nothing to play. Unfortunately, you only get one free spin per day, but it holds great value, so make sure you do it. With a chance to win a super car, vehicle discounts, expensive mystery prizes (which also can be vehicles), and a lot of cash and chips, the expected return on a single spin is around $100,000 in value. So don't forget your daily spin, it's definitely worth your time. 2020 Update: As of the Diamond Casino Heist update, the Inside Track horse racing is confirmed to still be as profitable as outlined above.The only thing that seems to be changed, is that you can't refresh the field anymore by backing out of the screen. This does affect your hourly rate in a negative way, but does not change the fact that this game has a huge positive expected return, and should be your go-to when you're trying to take money from the house, without having Lester's nagging voice in your ear. That should also be worth something. And with that, I conclude my 5,000 word essay on gambling in GTA. Questions, comments, feel free to add your input to this guide. Cliffs: -Gambling games should only be played for fun, not for big money. You should expect to lose in the long run. The house always wins. -A casino game doesn't have a memory, and betting systems don't work. -Set your limits before you start, how much you are willing to lose or win, and then walk away when you get there. -Don't play slots, roulette, or three card poker. -Only play blackjack following a basic strategy chart (https://prnt.sc/olct6g). -Inside Track betting can be played profitably, if you only bet on fields WITHOUT a heavy favorite. -Wheel of Fortune is always your best bet, because it's a free bet.
Ultimate Gambling Guide for GTA Online - odds, probabilities, and optimal strategies
This is not mine, the creator of this is u/enderpiet Since the Diamond Casino update, I have seen a large number of 12-year-olds posting Blackjack memes on this sub. As a parent, this has me very worried. On top of that, I have seen some of the most trustworthy GTA Youtubers giving flawed gambling advice, which can have damaging impact on their gullible audiences. So that's why I decided to write this up, to educate everyone on the subject, so there will be no more misunderstandings. (2020 Update down at the bottom.) If you're one of those Youtubers that wants to use this information in a video, feel free to do so. The more people (especially kids) that become educated about gambling, the better. But then also please go back and review your own work, and delete or edit the videos that are giving out the wrong advice, like where you're saying you have "a good strategy for making money with roulette", or some other nonsense that I've heard this week. Delete that please. Before I get into the individual games, I need to discuss a few concepts first, that will make understanding the rest a lot easier. Expected return and variance A game like Roulette or Slots has a fixed expected return on your bets. This is a percentage that you have no way of influencing. Say you are flipping a coin against a friend, and you both put up $1. The winner gets the pot. Since the odds are even at 50%, in the long run, you will expect to break even. Your expected return is 100% of your bet. But imagine if you would play this coin flipping game in a casino against the house. On the "house rules" listed at the table they would probably say that you would only get 95 cents back for every win, while you are forfeiting a dollar on every loss. Would you still play? Sounds stupid to do so, but still, everybody does it. Every bet they place on Roulette, every coin they put into a Slot machine, is based on the same concept. Those few cents they take on every bet are their profit margin, and has paid for all the Vegas lights, the Mirage volcanoes, and the Bellagio fountains. Make no mistake - casino gambling games are not designed to make you lose, because sure, you can get lucky on a single night, but they are designed to make them win. That's the beauty of it. They can both exist at the same time. Too many people that don't see how this works, are just destined for disaster. Just because you went on a lucky streak and won 8 games out of 10, does not mean that flipping coins is a profitable game, or that choosing tails is a winning strategy. Always be aware of the house edge, your true chances of winning, and just realize that you got lucky. There is no such thing as a strategy in flipping a coin that will give you a higher expected return, so it's just pure gambling, just like Slots and Roulette. Most casino games are made in such a way, that your expected return is a little under 100%. This means that from every dollar bet at the tables, the casino expects to keep a few cents. For individual players, results may vary. Some will win, most will lose. But for the house, it doesn't matter. They take millions of bets each day, so for them, the expected average works out a lot sooner. In short: the house always wins. When looking at the house edge, we're talking about the expected long-term result, based on the game's house rules. But for a player, it can take literally tens of thousands of hands or spins before you also reach this average number. Until that time, you can experience huge upswings and downswings, that are the result of nothing but short-term luck, which is called variance. Some games and some bets have a much higher variance than others, which means your actual results will differ enormously from what you're expected to be at. Take for example betting on red/black at the Roulette table. This is a low-variance proposition, because it has a high percentage chance of occurring, and a low payout. Contrast this with betting single numbers in Roulette, which only win once every 38 spins on average. This bet has a much higher variance, meaning you can easily hit a dry spell, and not hit anything for 200 bets in a row, or you can see a single number hit three times in five consecutive spins. This is not a freak occurrence in high-variance bets. Even though the expected return in both these bets is exactly the same, there's a huge difference in variance, causing massive differences in short-term results, which can go both ways. You need to be aware of this, before you decide what types of bets you are comfortable with placing. Gamblers' Fallacy Another thing to realize, is that each individual game, hand, or spin, is completely independent from the one(s) before it, and after it. Gamblers tend to believe, that the chance of a certain outcome is increased, based on previous results. The most famous example comes from the Casino de Monte Carlo, where the Roulette wheel managed to land on black 26 times in a row. Gamblers lost many millions during that streak, all frantically betting on red, believing that the odds were in favor of the wheel coming out on red, after producing so many blacks. This is not true. Each round is completely independent, and the odds are exactly the same. You will hear people say things like a Blackjack table being "hot" or "cold", which is completely superstitious, and should be ignored. The exception was when Blackjack was being dealt from a shoe. It made card counting possible. But with the introduction of shuffle machines, and continuous shuffling like is being used in GTA, this no longer exists. This is also why "chasing your losses" is a very bad idea. After being on a losing streak for some time, many gamblers believe that now it's their turn to start winning. So they will often increase their bet size, believing that when their predicted winning streak comes around, they will win back their losses, and more. The reality of it, more often than not, is that people will indeed start playing higher and higher limits, until they are completely broke. Nobody is ever "due for a win". There is never a guarantee that you're about to start winning. In fact, the opposite is more likely to be true. You are, after all, in a casino. Betting systems Some people like to think that they have a fool-proof betting system, like the Martingale system. Simply increase or even double your bet when you lose, and keep doing that until you win. In theory, this system will always win. So that's why table limits were introduced, and where the system fails. If you start at the Roulette table, playing red/black, with a small 750 chip wager, and just double your bet every time you lose, you only have to lose 6 times in a row, before you will be betting the table limit of 48,000, just to get that 750 chip profit. Sure, you can go on all evening without this happening, winning 750 chips each time, but this losing streak only has to happen once, and you're bust. Any betting system like this is ill-advised, because you are hugely increasing your so-called "risk of ruin", and that's what we were trying to avoid. And even if your starting bet is only 100 chips, after only nine straight losses, and nine doubled bets, you are betting the table limit at 50,000 chips. If you lose that bet, you're 100,000 chips in the hole, with no way to recover that with your 100 chip base wager. So don't believe anyone that says this is the perfect system to always win in the casino. Sooner or later they will understand why they were wrong, when they're asking you for a loan. Set your limits BEFORE you start playing One final point before we get into the games, a general tip for people that head out to play: money management. Just like in real life, before you go to the casino, decide on a maximum amount that you are WILLING TO LOSE. Bet small enough, so that amount can last you through the entire evening, and you will not be tempted to run to the ATM to continue playing. Considering GTA money, some people will be comfortable losing 1% of their GTA bank balance, some people will be comfortable with gambling away 5% of their total GTA savings. It's up to you what you can handle. Decide for yourself where it will start to hurt, and don't cross that line. But whatever number you decide on, as soon as you lost that amount, get up and walk away. Don't chase your losses, stick to your limits, and accept that this has not been your day. There is always another game tomorrow. Always agree with yourself on a simple stop-loss rule, how much you would want to lose at most, and simply stop playing when you get there. Same goes for winning. You can decide on a number, how much profit you would like to take away from the casino. You can go on a hot streak and be up half a million in a short period of time, but if you would continue to play longer, looking for more, chances are that you're going to lose it all back. Most people are happy with doubling their daily casino budget, for example. Others are looking for 10 bets profit in Blackjack. Whatever you choose, when you hit that number, you can stop playing and bank your profits, or you can continue playing if you're still enjoying the games, but then only just play minimum bet sizes. Then you're just playing for fun, not for money. You've already made your profit, so simply keep it in your pocket, and don't risk losing it again. Either way, decide on what your money management strategy will be, and STICK TO IT. Casino games in GTA Online Now, I'm going to dive into the games that you can find at the Diamond casino, ordered from worst to best. 6) Slots Generally the rule is this: the less strategy a game has, the worse it is for the player. And with slots, this is definitely the case. The only influence you have, is choosing what type of machine you're going to play. Basically, there are two types of slot machines: -high frequency, low payout slots -low frequency, high payout slots In the first type, there is no huge (progressive) jackpot on offer, just your average selection of prizes that don't go up to crazy amounts. This will result in a player having many more spins resulting in a win. The amounts that you win on the bigger prizes, will be smaller, but they do come around more often. This type of slot machine has a lower variance, which means that your money should last you longer, winning many smaller prizes along the way to keep you going. The second type of slot machine lures you in with the temptation of a huge jackpot prize. Even though the long-term expected return on these machines is the same as the previous type, the prize distribution is hugely different. The large jackpot prize weighs heavily on the scale of expected return, but the chance of it hitting is extremely small. This results in a much higher variance on this type of machine. Usually your money will go down very fast, because the smaller prizes are less rewarding than on the other type of machine. At the Diamond, the info screen says the player return at slots is set at 98.7%. This means that, on average, for every maximum bet of 2,500 chips, you expect to lose 32.5 chips. This might not seem like a lot, but the danger of slots is that the game is extremely fast. You can spin about once every 6 seconds, which would result in an expected LOSS of about 20,000 chips per hour of playing. But again, in this long-term expected number, the large jackpot awards are also factored in, and as long as you don't hit those big prizes, you'll see your money go down a lot faster. In any case, thank heavens the max bet is only set at 2,500, or else we would see more players go bankrupt at alarming rates. Optimal strategy for slots: There is none. Because after betting, you have no more influence over the outcome. The only choices you have, is what type of machine you want to play at, and how much money you are going to risk. And those are all personal preference. As long as you stick to your loss limits, as discussed above, there's no harm in having a go every once in a while, hoping to get a lucky hit. Just realize that you don't have a high chance of scoring a big win, so as soon as you do, get up and walk away. 5) Roulette Roulette is also a game where you have no influence over the outcome. There is zero skill involved. You place your bet, and that's it. In traditional French roulette, a table has only the single-zero, but of course, for American casinos that wasn't enough of a house edge, so they simply doubled their profits by adding a second zero. The house edge was increased from 1/37 to 1/19, which is huge. This makes playing on a double-zero roulette table by definition a sucker's play. The payouts scale evenly, which means that a bet on a single number, and a bet on half of the numbers, and everything in between, yields the same expected return. The only difference, again, being the variance that you are willing to subject yourself to. The player return for double-zero Roulette for all bets is 94.74%. Except for the 5-number bet, which can only be made by placing a bet on the two top rows that contain 0, 00, 1, 2 and 3. The expected return on this bet is lower: 92.1%. This is because it only pays out 6-1. Why? Well, the number 36 isn't divisible by 5, so the greedy people that came up with double-zero Roulette had to round it off someway, and as expected, it wasn't going to be in the players' favor.Just remember that that 5-number bet is the worst bet at the table, and should be avoided. All other possible bets have the same expected return. So it really doesn't matter how you spread your bets, if you bet only one chip, or if you litter the entire table with a bucketload of chips. Each chip you put out there, has the same expected return, so there is no strategy that will improve your long-term results. Assuming that you're betting the maximum table amount of 50,000 chips, you will be looking at an expected loss of about 2,630 chips per spin. Considering that a round takes about 45 seconds to complete, your expected LOSS at the GTA Roulette tables will be around 200,000 chips per hour of playing. Optimal strategy for double-zero roulette: Stay away. Stay far away. 4) Three Card Poker With Three Card Poker, we come across the first game where there is actually some strategy involved. You get to look at your cards, and then decide if you want to fold, and surrender your ante, or double your bet. Additionally, you can choose to place a side bet on "Pair Plus", which offers progressive payouts. There are some websites out there that ran all the numbers with computer simulations, and even though I would like to quote the source here, these websites are understandably littered to the max with online casino ads, so that's why I have decided against doing that. Optimal strategy for Three Card Poker: For this game you only have to remember one strategy rule: Always bet on any high card queen-six-four or better, and fold any high card queen-six-three or lower. That's it. Just don't forget to double check if you're not folding a straight or a flush, and you'll be fine. This strategy will result in an expected return of 96.63%. The Pair Plus sidebet, with the payout table that is used at the Diamond casino, gives you an expected return of 97.68%, which is actually a bit better than the main ante bet. So by playing both wagers, you're reducing your expected losses per bet, but since you're betting more, you're also increasing your expected loss per hour. My advice would obviously be to not play this game at all, but if you do, put as much of your bet as possible on the Pair Plus, while making our Ante bet as small as you can. To be able to compare it to the other games at the Diamond, let's stay on that 50,000 maximum wager, meaning making your ante bet 35,000, and your pair plus bet 15,000, if the table would allow it. This results in an expected loss of about 1,525 chips per hand, and with a round taking about 45 seconds, this adds up to an expected LOSS of around 120,000 chips per hour of playing. In comparison, if you would only play the ante bet for 50,000 per hand, you expect to lose 1,685 chips per hand, which means an expected LOSS of about 135,000 chips per hour. So the more out of that 50,000 wager you can put on the "Pair Plus" sidebet, the better. Even though it may be fun to try out this game for a bit, since there's only one simple strategy rule to follow, you'll soon find yourself robotically grinding down your bankroll until it has vaporized. You're not missing out on anything if you skip these tables, there is no real challenge. Just like with Roulette and Slots, if you want to try it out nonetheless, you can just bet the minimum amounts and only play for fun, so it won't matter if you win or lose. 3) Blackjack Blackjack is the most complicated game by far. Simply because the player has to make a series of decisions, which will largely decide the outcome. Luckily, there is such a thing as an optimal strategy, which will be outlined below. However, the strategy is also dependent on the house rules. These not only affect your expected return, but in some places also your decisions. Here are the house rules at the Diamond casino: -The game uses 4 standard decks, and a continuous shuffle. -Blackjack pays 3 to 2, dealer checks for early blackjack. -No insurance offered, no surrender. -Dealer stands on soft 17. -Double down on any two cards. -Player can split only once, but doubling after split is allowed. -Seven-Card Charlie. Under these rules, and following the "basic strategy" chart, your expected return at Blackjack is a shade under 99.6%, which is extremely good for a casino game, that's why Blackjack should be your table game of choice. But it comes at a price: you are going to have to memorize the relatively complicated strategy chart, or at least stick it to your monitor until you have it in your head. But in case you ever stumble into a real-life casino, you won't regret having this table memorized, so I would definitely advise you to work on that. The strategy chart might look complicated at first, but you will be able to notice certain patterns. Your decisions are mainly based on the dealer's upcard, which is basically divided into a weak card (2 to 6), and a strong card (7 to ace). When a dealer shows a strong card, you will be hitting more often with the risk of going bust, but when a dealer shows a weak card, you're not taking that risk, and you will be standing more, but also doubling and splitting more. You want to increase your bets when the odds are in your favor, and get out cheap when they're not. But it also helps to take some time to think about why a certain advice is given. For example, why does it say that you always have to split two eights, even against an ace. Well, that's because two eights equals 16, which is the worst total you can have. It's better to split them up, and give yourself a chance of finding a 17, 18 or 19 with the next card. Once you see the logic in that, you'll have one less thing to memorize. The playing advice in the basic strategy chart is a result of computer simulations that ran all possible outcomes against each other, and produced the most profitable decision for each situation. So you can't go wrong following it. Optimal strategy for Blackjack with Seven-Card Charlie The added house rule of Seven-Card Charlie, adds a small advantage for the player, and it does influence a few strategy decisions. For example, you might have a 14 with 6 cards, against the dealer's 5 upcard. Normally this would be an automatic stand, but if you're only one card away from the Seven-Card Charlie, meaning an instant win for the player, regardless of the dealer's hand, it turns it into a hit. Here's the most optimal strategy chart to follow for the Diamond Casino house rules:https://prnt.sc/olct6g You'll see that two fives are missing from the chart, and that's because you never split them. You treat them as a regular 10. You also never split tens. Just stand on 20. If you follow this strategy religiously, even with a maximum wager of 50,000 chips, you only expect to lose about 215 chips per hand, and with rounds taking about 30 seconds, that amounts to an expected LOSS of 26,000 chips per hour, which is only half a bet. A small price to pay for an hour of entertainment. But since the expected return is so extremely close to 100%, you will see more positive short-term results than with other games. But obviously it can also swing the other way. Again, this is supposed to be the game where your money lasts you the longest, but always set your loss and win limits before you sit down. That rule simply always applies. Still, even with optimal strategies applied, all these games are expected to lose you money in the long run. So betting any kind of large amounts is not advised. If you simply want to enjoy playing these games, there's nothing wrong with betting a minimal amount. Playing these games for a longer period of time will already cost you money anyway, since your daily property fees will still be charged while you're playing in the GTA casino. As long as you can play for fun, there's nothing wrong, but when you see yourself betting insane chunks of your entire bank balance to try to recoup some unfortunate losses, you're doing it wrong. As the commercials in Britain all correctly say: when the fun stops, stop. 2) Virtual Horse Racing Now onto the good stuff. I ran some numbers, and I believe Rockstar has made a mistake with the horse racing game. Because as it stands, and if I read the numbers correctly, this game is actually profitable for the player. You can actually make money with this, at least, until Rockstar figures out their mistake and patches it. If anyone wants to jump into the math and double check this to make sure, please do so. I will add any corrections to this post. This is one of those "to good to be true" things, so I keep thinking that I might have overlooked something. So please verify it if you can. The setup is this. There is a pool of 100 horses, each with their own attached payout. These are divided into 3 groups, ranked by their odds. From each group, 2 horses are randomly selected to provide a pool of six runners for you to bet on. Now it's not an actual race you're looking at. You are looking at a raffle. This is important to realize. Each horse gets awarded a certain number of raffle tickets. The favorites get awarded more tickets than the underdogs, and therefore, have a higher chance of winning. If this distribution works like it does in the real-life casinos, then the raffle tickets are awarded according to the betting odds. Example 1: imagine a race with 3 runners, all have 2/1 odds, representing a 33.3% chance of winning. (Because 2/1 means 2 AGAINST 1, so 3 total.) In this case, each horse gets one third of the raffle tickets, giving them an equal chance to win. Example 2: imagine a race with 3 runners, one has 1/1 odds (or EVENS), representing a 50% chance of winning, and the other two horses are marked up as 3/1, with a 25% chance of winning. The favorite gets half the tickets, the other two get a quarter of the tickets each. A ticket is drawn, and you'll have a winner. It doesn't matter in this game which horse you bet on, because the expected return is always the same: 100% or break-even, for the above examples. Now, what happens if the percentages don't exactly add up to 100%? They must add up to 100%, because there will always be a winner. And only one winner. So when this is the case, the actual winning chances of the horses are adjusted to meet the 100% requirement, using their payout odds to determine the scale. So, if the represented percentages add up to more than 100%, the actual winning chances of the runners will be DECREASED, resulting in all bets becoming losing propositions for the players. Example: In a 6-horse race, all runners are listed at 4/1, representing a 20% chance. Only with six runners that amounts to 120%. So all chances are scaled down by 1/6th, to end up at 100%. This means your horse's chances are reduced from 20% to 16.67%, turning it into a losing bet: 5 times you will lose your bet, and 1 time you will win, but only get 4 bets back in this instance, instead of 5. A losing bet in the long run. This is the type of odds that you find in regular casinos, with fields as large as 15 runners to bet on, where the assumed winning chances always add up to more than 100%, therefore are decreased for all runners, resulting in a house edge. But in GTA Online's Inside Track, there are other scenarios, because of the small field, and the way that they are put together. In some cases, the represented percentages when added up, are LESS than 100%, meaning that the actual winning chances of all runners, are INCREASED. This creates profitable bets for the players, because in the long run, you're expecting to win more money than you lose. This is a gambler's dream, pure and simple. So, according to the in-game information, the three groups of horses are divided as follows: -Favorites: EVENS to 5-1 -Outsiders: 6-1 to 15-1 -Underdogs: 16-1 to 30-1 Let's take the two most extreme examples to show what's happening. The worst possible field to bet on: two runners at EVENS, two runners at 6-1, and two runners at 16-1. EVENS represents a 50% chance, 6-1 is 14.29%, and 16-1 is 5.88%. Add those up and you land on a total of 140.34%. This means that the actual winning chances of the horses are decreased by 28.75% (to get that 140% down to 100%), which makes betting on this field extremely unwise. A horse at EVENS will only come in as a winner 35.63% of the time, instead of 50%, a horse at 6-1 will only win 10.18% of the time, and an underdog at 16-1 will only win 4.19% of the time. The expected return on a bet on any of the horses in this field is only 71.26%, so a maximum bet of 10,000 chips on any of these horses holds an expected LOSS of 2,875 chips. These returns are the same, because the winning chances are scaled equally, according to the payout numbers. So it really doesn't matter which horse you bet on, in the long run, you expect the same results. But as explained before, it does influence variance, and therefore your short-term result, which can swing both ways. But now, the best possible field to bet on: two runners at 5-1, two runners at 15-1, and two runners at 30-1. Odds at 5-1 represents a winning chance of 16.67%, 15-1 odds means 6.25% chance, and 30-1 odds means a 3.23% chance of winning. Add these six horses together, and you only get 52.285%. This means that, to get from 52% to 100%, the actual winning chances of these horses will be almost doubled! Multiplied by 1.91 to be exact. So the 5-1 favorites will now win 31.88% of the time, instead of 16.67%, the 15-1 runners will win 11.95% of the time, and the underdogs at 30-1 odds will still win 6.17% of the time. When betting on this field, the expected return on your bet is 191.25%! This means that a max bet of 10,000 chips will result in an expected PROFIT of 9,125 chips. This is printing money, if there ever was such a thing. Optimal strategy for Virtual Horse racing So all you have to do, is only bet high on the games where you have an expected positive return, and bet the absolute minimum on the games where your expected return is negative. Or back out of the racing game to refresh the field. If you don't have a way to quickly add up all the percentages, and until somebody shows up here with a neatly formatted table, just use a few general rules of thumb: -Always bet the maximum on a race with favorites at 2/1 and 3/1 or higher in it. -Simply skip all races with two favorites at EVENS in it, and at EVENS and 2/1. Or bet the minimum, if you can't skip or refresh the field. -To decide if you should play races with other favorite combinations EVENS and 3/1, EVENS and 4/1, EVENS and 5/1, or two favorites at 2/1, the payouts on the other four runners determine whether or not it's profitable to play them. The results of betting on these fields vary from an expected 1,330 chip loss (worst-case) to an expected 1,680 chip win (best-case), with a max bet of 10,000 chips. But if you're not looking for another strategy chart, you might just want to skip these borderline cases, and just cherry pick the best ones, which are easy to recognize, and with which you can never go wrong. It's difficult to put a number on an expected win-rate, because it all depends on which fields you get presented with, but it's not unreasonable to state that you can maintain a steady win-rate of around 200,000 chips per hour, with about 50 seconds per race. Remember, you're not trying to win every race. You're trying to win the most money per hour. So don't sweat it when you bet on a 4/1 favorite, and lose a couple of races in a row. It will still be more profitable in the long run. You have the math on your side. To reduce negative variance, always bet on the favorite, when betting on profitable fields. We're not gambling anymore, we're grinding out a steady profit. We want to keep the swings to a minimum. I contacted Rockstar support to verify if this is indeed how it works, but the only reply I got after 6 weeks is that they were "looking into it". User u/Garsant made a useful Excel-worksheet, available for you to download, where you can quickly type in the payouts on the horses, to see if it produces a profitable bet or not. You can find it in his post here: https://www.reddit.com/gtaonline/comments/ekp8na/gta_online_inside_track_odd_calculato 1) Wheel of Fortune The number one profitable casino game in GTA Online is obviously the Wheel of Fortune, because it costs you nothing to play. Unfortunately, you only get one free spin per day, but it holds great value, so make sure you do it. With a chance to win a super car, vehicle discounts, expensive mystery prizes (which also can be vehicles), and a lot of cash and chips, the expected return on a single spin is around $100,000 in value. So don't forget your daily spin, it's definitely worth your time. 2020 Update: As of the Diamond Casino Heist update, the Inside Track horse racing is confirmed to still be as profitable as outlined above.The only thing that seems to be changed, is that you can't refresh the field anymore by backing out of the screen. This does affect your hourly rate in a negative way, but does not change the fact that this game has a huge positive expected return, and should be your go-to when you're trying to take money from the house, without having Lester's nagging voice in your ear. That should also be worth something. And with that, I conclude my 5,000 word essay on gambling in GTA. Questions, comments, feel free to add your input to this guide. Cliffs: -Gambling games should only be played for fun, not for big money. You should expect to lose in the long run. The house always wins. -A casino game doesn't have a memory, and betting systems don't work. -Set your limits before you start, how much you are willing to lose or win, and then walk away when you get there. -Don't play slots, roulette, or three card poker. -Only play blackjack following a basic strategy chart (https://prnt.sc/olct6g). -Inside Track betting can be played profitably, if you only bet on fields WITHOUT a heavy favorite. -Wheel of Fortune is always your best bet, because it's a free bet.
Floyd Mayweather vs Conor McGregor Viewing Guide, FAQs, and more
It was always a question of when. Every man has his price and Floyd Mayweather knew that Conor McGregor, the most popular active combat sports athlete in the world, was the only one capable of meeting his demand. What started as a rumor graduated to banter. Banter graduated to legitimate business discussions. And before we knew it we had Conor McGregor spurning whatever options he had in the UFC to enter the world of boxing.
Tale of the Tape
Floyd Mayweather
vs
Conor McGregor
49(26)-0
RECORD
21(18)-3 [MMA]
53%
KO %
75%
40
AGE
29
147 lbs
LAST 5 AVG WEIGHT
156.1 lbs
5'8"
HEIGHT
5'9"
72"
REACH
74"
Las Vegas, Nevada
HOMETOWN
Dublin, Ireland
5(0)-0
LAST 5
4(3)-1 [MMA]
-330
MONEYLINE*
+350
26(10)-0
IN LAS VEGAS
4(3)-1 [MMA]
3(2)-0
VS UNDEFEATED
2(2)-1 [MMA]
9(4)-0
VS SOUTHPAW
387
TOTAL RDS BOXED
0
1394(961)-211-43
TOTAL OPP. RECORD
249(187)-79 [MMA]
84%
TOTAL OPP. WIN %
76%
58%
OPP. KO %
57%
Accolades
Floyd Mayweather’s World Titles Won/Held
WBA super world welterweight title WBC super welterweight title x2 WBC welterweight title x2 IBF welterweight title WBO welterweight title WBC super lightweight title WBC lightweight title WBC super featherweight title
Mayweather’s Lineal Titles Held
Super featherweight champion (over Genaro Hernandez) Lightweight champion (over Jose Luis Castillo) Welterweight champion (over Carlos Baldomir) Super welterweight champion (over Canelo Alvarez) Welterweight champion (over Manny Pacquiao)
Conor McGregor's World Titles Won/Held
Cage Warriors lightweight title Cage Warriors featherweight title UFC featherweight title UFC lightweight title
How To Watch
Live
Mayweather-McGregor takes place at the T-Mobile Arena in Las Vegas, Nevada. Tickets are available through all the usual second hand sites.
All devices!!!! This will be produced by Showtime and you will get their commentary team.
Closed Circuit
You can purchase closed circuit tickets at the following hotels. You can purchase through Ticketmatster, at the MGM Resorts International Box Office (in-person), or call 800-745-3000. Note the price is $150 dollars.
Gervonta Davis vs Francisco Fonseca - 12 round fight for Davis's IBF super featherweight title. Davis currently sits as possibly the best fighter in the world under the age of 23. Davis is fierce, aggressive, and packs power in both hands. While Fonseca is undefeated, it's likely he will be blown out quickly given massive jump in opponent skill he's taking. Fight Rating: Can't miss.
Nathan Cleverly vs Badou Jack - 12 rounds fight for Cleverly's WBA light heavyweight title. Badou Jack's career has followed a Hollywood script. Pushed too hard early, knocked out in 1 round, and now he's risen to the top while learning from his mistakes. Jack is a gritty, blue collar fighter. There is nothing pretty about what he does, but he makes for great fights. Cleverly is a solid challenger, but a clear underdog. Fight Rating: Close to can't miss.
Andrew Tabiti vs Steve Cunningham - 10 rounds in the cruiserweight division. Tabiti is a rising cruiserweight contender with explosive power. Cunningham is older and thus we have an age vs youth matchup on our hands. Fight Rating: Don't blink.
Pre-Fight Undercard
FOX will be airing a pre-fight card before the pay-per-view starts.
Yordenis Ugas vs Thomas Dulorme - 10 rounds in the welterweight division. Ugas has 3 losses and with any luck he'd be undefeated. Ugas is tricky, he knows how to be rough, and he can be sublime with his counter-punching when he needs to be. Dulorme is still trying to pick up the pieces of a career that's never panned out and this could be a launching pad for Ugas to get into a title picture. Fight Rating: 3/5
Juan Heraldez vs Jose Miguel Borrego - 10 rounds in the super lightweight division. This one is going to open up the festivities and has potential to steal the show. Heraldez is 27 and desperately needs to win to take the next step in his career while Borrego is just getting off the ground at 19. Fight Rating: 4/5
Pay-Per-View Statistics
One small note. UFC pay-per-views statistics come from Dave Meltzer, whereas boxing numbers are generated by the cable and satellite providers. After the WME-IMG deal, it was discovered that McGregor-Diaz did 1.301 which would be the highest number a UFC fight ever did despite the reports from many journalists. But I'll stick with what was reported out of respect for Dana White and his company for risking their necks on a lawsuit by making this fight. For more information on Meltzer, I recommend listening to Something to Wrestle With Bruce Prichard. Top Pay-Per-View Purchases All Time
Floyd Mayweather vs Manny Pacquiao - 4,600,000
De La Hoya vs Mayweather – 2,400,000
Mayweather vs Alvarez – 2,200,000
Holyfield vs Tyson II – 1,990,000
Lewis vs Tyson – 1,970,000
Diaz vs McGregor II - 1,650,000
Lesnar vs Mir 2 – 1,600,000
Tyson vs Holyfield – 1,590,000
Tyson vs McNeeley – 1,550,000
Mayweather vs Cotto – 1,500,000
McGregor vs Diaz - 1,500,000
Top Ten Pay-Per-View Buyrates Beteween Mayweather-McGregor
Mayweather vs Pacquiao - 4,600,000
De La Hoya vs Mayweather – 2,400,000
Mayweather vs Alvarez – 2,200,000
Diaz vs McGregor II - 1,650,000
Mayweather vs Cotto – 1,500,000
McGregor vs Diaz 1,500,000
Aldo vs McGregor 1,400,000
Mayweather vs Mosley – 1,400,000
Alvarez vs McGregor - 1,300,000
Mayweather vs Ortiz – 1,250,000
Number of Mayweather Pay-Per-View Fights: 15 Total Mayweather Buys Generated: 19,595,000 Average Mayweather Buyrate: 1,306,000 Total Revenue Generated at $60 average price: $1,175,700,000 Average Pay-Per-View Revenue Generated: $78,380,000 Number of McGregor Pay-Per-View Fights: 5 Total McGregor Buys Generated: 6,675,000 Average McGregor Buyrate: 1,335,000 Total Revenue Generated at $60 average price: $400,500,000 Average Pay-Per-View Revenue Generated: $80,100,000 Combined Total Combined Pay-Per-Views: 20Total Buys Generated: 26,270,000Average Combined Buyrate: 1,313,500Average Combined Pay-Per-View Revenue Generated: $78,810,000 Total Combined Revenue Generated at an average price of $60 = $1,576,200,000 To have all televised and title fights synced with your calendar, please subscribe to the sunday puncher calendar. There is seriously no better or easier way to stay up-to-date with boxing. You'll never need to ask what time a fight starts or what channel you can catch it on again.
List of Las Vegas casinos that never opened Over the years there have been several casinos and resorts planned for the Las Vegas Valley that never opened. The stages of planning may have been just an announcement or groundbreaking.[1][2][3] Asia Resort and Casino Where the Palazzo Casino and Resort currently stands (adjacent to the Venetian Hotel and Casino and the Sands Expo and Convention Center), an Asian themed casino was proposed but was rejected for the present Palazzo project.[4] Alon Las Vegas A proposed luxury hotel and casino located on the Las Vegas Strip on the former site of the New Frontier Hotel and Casino, announced in 2015.[5] The project was put in doubt after Crown Resorts announced in late 2016 it was suspending its involvement in the development.[6] Crown announced in December 2016 that it was halting the project and seeking to sell its investment. The remaining partner Andrew Pascal announced he was seeking other partners to proceed with the project. However in May 2017, the land went up for sale.[7] The land was later purchased by Steve Wynn. Beau Rivage Steve Wynn, who had purchased and demolished the Dunes hotel-casino, had originally planned to build a modern hotel in the middle of a man-made lake. He later built the Bellagio with a man-made lake in the front of the hotel.[citation needed] The name was later used by Wynn for a resort built in Biloxi, Mississippi. Caribbean Casino In 1988, a sign for a proposed casino was erected on a fenced vacant lot on Flamingo Road. Standing near the sign was a scale model galleon. For several years, that was all that stood on the property. The empty lot was the source of many jokes by the locals until the ship, which was later damaged by a fire started by a homeless person, was torn down in the 1990s and the lot became the site of the Tuscany Suites and Casino co-owned by Charles Heers, who has owned the property since the 1960s.[8] Carnival In 1990, the Radisson group proposed a 3,376-room hotel next to the Dunes, with a casino shaped like a Hershey's Kiss.[9] Cascada A proposed resort that was to have been built on the site of El Rancho Vegas. The parcel is now partially taken by the Hilton Grand Vacations Club and Las Vegas Festival Grounds.[4] City by the Bay Resort and Casino A San Francisco-themed resort was proposed for the site of the New Frontier Hotel and Casino. The project was rejected in favor of the Swiss-themed Montreux, which was also eventually cancelled.[4] Countryland USA A country music-themed resort was planned for construction of the site of the former El Rancho Hotel and Casino. For some years, the El Rancho sign stood with the words "Coming Soon - Future Home of Countryland USA."[10][11] Craig Ranch Station Main article: Craig Ranch Station A Mediterranean-themed hotel-casino for North Las Vegas, proposed by Station Casinos in March 2000.[12] The project faced opposition from nearby residents,[13][14][15] which led to the proposed location being changed to a vacant property on the nearby Craig Ranch Golf Course.[16] Residential opposition to the new location led to the project being rejected by the Nevada Gaming Policy Committee in March 2001. Station Casinos still had the option to develop the project on the initial site,[17][18] but the project was cancelled entirely in July 2001, following a weak financial quarter for the company.[19] Crown Las Vegas Main article: Crown Las Vegas Formerly known as Las Vegas Tower, the Crown Las Vegas was to have been a supertall skyscraper built on the former site of a Wet 'n Wild water park. In March 2008, the project was canceled and the property was put up for sale.[20] Desert Kingdom In 1993, ITT Sheraton purchased the Desert Inn casino, and had announced plans to develop the large parking lot into a Balinese themed resort to complement the Desert Inn. The project was never developed and the site is now the location of Wynn Las Vegas.[4] DeVille Casino After building the Landmark Hotel and Casino on Convention Center Drive and selling it to Howard Hughes, developer Frank Carroll built the DeVille Casino across the street from the Landmark at 900 Convention Center Drive in 1969. Chips were made for the casino (and are sought-after collectibles), but the casino never opened.[21] The building was renovated in 1992 as a race book parlor named Sport of Kings which closed after nine months.[22] It became the location of The Beach nightclub, which was demolished in 2007 to make room for a planned 600-unit tower[23] that was never built.[24] The land sits currently empty. Echelon Place Main article: Echelon Place An announced project by Boyd Gaming planned to have a hotel built on the property of the former Stardust Resort & Casino. Construction was suspended on August 1, 2008 due to the Great Recession. In March 2013, Boyd Gaming sold the proposed site for $350 million to the Genting Group, which is redeveloping the project as the Asian-themed Resorts World Las Vegas. Fontainebleau Las Vegas Main article: The Drew Las Vegas Located on the Las Vegas Strip and originally known as Fontainebleau Las Vegas. Construction began in 2007, and the resort was to include a casino, 2,871 hotel rooms, and 1,018 condominium units.[25] Construction on the $2.9 billion project ceased in 2009, the year of its planned opening. Investment firms Witkoff Group and New Valley LLC purchased the unfinished resort in 2017.[26] In 2018, Witkoff and Marriott International announced a partnership to open the renamed project as The Drew Las Vegas in 2020. The resort will include a casino and three hotels totaling nearly 4,000 rooms, with the condominium aspect removed from the project.[27] Harley-Davidson Hotel and Casino A resort themed after the motorcycle manufacturer Harley-Davidson was proposed, complete with hotel towers shaped like gigantic exhaust pipes, but was never built.[4] Jockey Club Casino The Jockey Club is a condominium and timeshare resort at 3700 Las Vegas Boulevard South. It was planned to have a casino, and chips were made for its use, but the casino was never opened.[28] Kactus Kate's By April 1994, Gold Coast Hotel and Casino owner Michael Gaughan was interested in building a hotel-casino in North Las Vegas,[29] at the northeast corner of North Rancho Drive and Carey Avenue. In January 1995, the city planning commission approved the rezoning of the land for use as a hotel-casino. The resort, to be named Kactus Kate's, would be built by Gold Coast Hotel/Casino Limited. The hotel would include 450 rooms, and the casino would be 105,000 sq ft (9,800 m2),[30] later decreased to 102,000 sq ft (9,500 m2).[31] The resort would be located directly north of the nearby Fiesta and Texas Station resorts.[31] In December 1998, Coast Resorts, Inc. received approval from the planning commission for a use-permit relating to the undeveloped property. In November 2000, the planning commission unanimously approved a two-year extension on the permit, giving the company more time to decide whether it would build Kactus Kate's. Because of a 1999 Senate bill that placed restrictions on casinos in neighborhoods, Coast Resorts had a deadline of 2002 to build the casino. The hotel would measure over 100 feet (30 m) high, and Coast Resorts was required to notify the Federal Aviation Administration of its final plans, due to the site being located less than 1,000 feet (300 m) from a runway at the North Las Vegas Airport.[32] In January 2001, Station Casinos purchased the 29-acre (12 ha) site for $9 million. Coast Resorts president Harlan Braaten said, "As we saw the competitive nature of that area intensify, in terms of the size of competing facilities, we just felt we would have to build something much bigger than we had intended to compete with Texas Station and Santa Fe Station. It was just going to be a very expensive project, and we didn't feel the returns would be that good." Station Casinos planned to sell the property as a non-gaming site.[31] Las Vegas Plaza Main article: Las Vegas Plaza Not to be confused with the Plaza Hotel & Casino. This was to have been modeled after the Plaza Hotel in New York City. The project was announced shortly before the demolition of the New Frontier Hotel and Casino, where the new hotel would be built. Las Vegas Plaza was cancelled in 2011 due to the Great Recession. London Resort and Casino This announced project was to have been themed around the city of London, and featuring replicas of the city's landmarks. The project was to be built on land across from the Luxor Hotel and Casino. A second London-themed resort was to be built on the former land of the El Rancho Hotel and Casino. Neither project ever began construction.[4] London, Las Vegas This was a proposed three-phase project using London as its design inspiration. When completed, the 38.5-acre (15.5 ha) property would have featured 1,300 hotel rooms, a casino, a 500-foot-tall (152.4 m) observation wheel named Skyvue (partially constructed), and 550,000 square feet (51,097 square meters) of restaurants and shops — all of which would be architectural replicas of various British landmarks and neighborhoods.[33] The project was to be constructed on land across from the Mandalay Bay Hotel and Casino on the Las Vegas Strip, where — as of November 2019 — the partially-constructed Skyvue still stands. The wheel was to be "Phase I of London, Las Vegas". Montreux Resort This Swiss-themed resort was to have been built on the property of the former New Frontier Hotel and Casino, but was ultimately cancelled.[34] Moon Resort and Casino Proposed by Canadian developer Michael Henderson, this is a planned 10,000-room, 250-acre (1.0 km2) lunar-themed casino resort.[35] Gaming experts doubt it will ever be built in Las Vegas, simply because the space planned for it is too large for the Las Vegas Strip.[4] NevStar 2000 Further information: Craig Ranch Station § NevStar 2000 Proposed by NevStar Gaming in 1998, the NevStar 2000 entertainment complex in North Las Vegas would have included a hotel and casino,[36] but the project faced opposition from nearby residents who did not want a casino in the area.[37][38] The project was cancelled when NevStar Gaming filed for bankruptcy in December 1999.[12] North Coast/Boyd Gaming project In May 2003, Coast Casinos had plans for the North Coast hotel-casino, to be built at the southwest corner of Centennial Parkway and Lamb Boulevard in North Las Vegas. The project would be built on approximately 40 acres (16 ha) of vacant land, surrounded by other land that was also undeveloped. At the time, the North Las Vegas Planning Commission was scheduled to review requests for zoning changes and approvals for the project. The project was not scheduled to be built for at least another four years, after completion of a highway interchange at Lamb Boulevard and the nearby Interstate 15, as well as the completion of an overpass over nearby railroad tracks. Bill Curran, an attorney for the land owner, said, "We're going through the zoning changes now so everybody knows what's going to be out there." The North Coast would include a casino, a 10-story hotel with 398 rooms, a bowling alley, movie theaters, and a parking garage.[39] In June 2003, the Planning Commission voted 6 to 1 to approve preliminary applications necessary to begin work on the North Coast.[40][41] Boyd Gaming, the owner of Coast Casinos, announced in February 2006 that it would purchase the 40-acre site for $35 million.[42] Jackie Gaughan and Kenny Epstein were the owners at the time.[43] Boyd Gaming had not decided on whether the new project would be a Coast property or if it would be similar to the company's Sam's Town hotel-casino. At the time, no timetable was set for building the project.[42] In March 2007, the project was put on hold. At the time, Boyd Gaming had been securing construction permits for the project but decided to first review growth in the area. Construction had been scheduled to begin in mid-2007.[44] In August 2013, Boyd Gaming sold the undeveloped property for $5.15 million.[43] Palace of the Sea Resort and Casino This was to have been built on the former Wet 'n Wild waterpark site. Conceptual drawings included yacht-shaped towers that housed suites, a casino resembling the Sydney Opera House and a 600-foot (180 m) tall Ferris wheel-type attraction dubbed a "Sky Wheel". It never left the planning stages.[4] Paramount Las Vegas A casino and hotel and condo resort with more than 1,800 units that was planned by Royal Palms Las Vegas, a subsidiary of Royal Palms Communities.[45][46] The project was to replace the Klondike Hotel and Casino at the south end of the Las Vegas Strip,[47][45] beside the Las Vegas welcome sign.[48] The resort was approved in October 2006,[45] but an investor pulled out of the project in August 2007, and the land was put up for sale in May 2008.[46] Pharoah's Kingdom Pharoah's Kingdom was planned as a $1.2 billion gaming, hotel and theme park complex to be built on 710 acres (290 ha) at Pebble Road and Las Vegas Boulevard, five miles south of the Las Vegas Strip.[49][1] Construction was approved in October 1988,[49] with Silano Development Group as the developer.[50] The project would have an Egyptian theme, including two 12-story pyramids made of crystal, with each containing 300 suites. The hotel would have a total of 5,000 rooms,[50] making it the largest in the world.[51] The 230,000 sq ft (21,000 m2) casino would include 100 table games and 3,000 slot machines, while an RV park, mini-golf, a bowling alley, and a video game arcade would be located beside the casino area.[52] Three of the project's various pyramid structures would house the 50-acre (20 ha) family theme park. Other features would include sphinxes, man-made beaches, waterways resembling the Nile river, an underwater restaurant, a 24-hour child-care facility, a 100-tenant shopping promenade, and a repertory-style theater that would be overseen by actor Jack Klugman.[52] Additionally, the resort would feature an 18-hole PGA Championship golf course,[52] and a monorail located within the theme park.[50] The project would have one mile of frontage along Las Vegas Boulevard.[52] Frank Gambella, president of the project, stated that financing was in place, with groundbreaking planned for March or April 1989. Gambella said the project would be financed by several entities, with the money coming from a Nevada corporation, suggesting the entities would be grouped together as an umbrella corporation. Gambella stated that the project could be opened by Labor Day 1990. The resort was expected to employ 8,000 people. Following the completion of the resort, Gambella said a complex of 750 condominiums would be built on the land along with 900 retirement-care apartments.[52] The project was cancelled shortly after it was announced, as authorities became suspicious of developer Anthony Silano's fundraising efforts for the project. It was discovered that Silano and his associates hacked into the Switzerland bank accounts of Philippine president Ferdinand Marcos following his death in 1989. Silano pleaded guilty to federal conspiracy charges. Another Egyptian-themed resort, Luxor Las Vegas, would open on the south Las Vegas Strip in 1993.[1] Planet Hollywood Resort (original plans) Not to be confused with the current Planet Hollywood Resort and Casino. Originally planned to open in the late 1990s on the site of the Desert Inn, it was to be one of the largest hotels in Las Vegas. Because of the bankruptcy of Planet Hollywood Restaurants, the hotel was never built. However, in the 2000s, a group of investors bought the new Aladdin Hotel and Casino and remodeled it with a modern Hollywood theme.[4] Playboy Hotel and Casino A proposed casino resort themed after Playboy magazine was rejected in favor of a nightclub and suites built at the top two floors of the new Palms tower.[4] The planned location for the Playboy Hotel and Casino, on the Las Vegas Strip, was later used for the Cosmopolitan resort.[53] Santa Fe Valley Main article: Santa Fe Valley Santa Fe Gaming, which owned the Santa Fe hotel-casino in northwest Las Vegas, had plans for a second Santa Fe property in 1996.[54] The Santa Fe Valley would be built on a 40-acre (16 ha) lot[55] in Henderson, Nevada, adjacent to the Galleria at Sunset mall. The start of construction was delayed several times because of poor financial quarters for Santa Fe Gaming,[54] and because of the company not yet receiving financing for the project.[56] Site preparation started in July 1998, with an opening date scheduled for December 1999,[57] but construction never began. In 1999, the property was sold to Station Casinos,[58][59] which sold the land a year later for use as a shopping center.[60] Shenandoah Hotel and Casino A project by Wayne Newton. Although the hotel operated for a short time at 120 E. Flamingo Road, the management was unable to get a gaming license. After years of floundering it was sold to a Canadian company and became Bourbon Street Hotel and Casino. Silver City proposals By January 2000, Luke Brugnara was planning to build a San Francisco-themed resort on the site of the closed Silver City Casino.[61] Brugnara intended to give Silver City a multimillion-dollar renovation, with plans to have a fully operational hotel-casino by 2002.[62] In March 2001, Brugnara's request for a gaming license was rejected.[63] In May 2002, it was announced that Brugnara had sold the casino while retaining six acres located behind the building.[64] In 2003, Brugnara was planning to build a 24-story, 304-room hotel and casino resort on a portion of the Silver City property. The resort, to be named "Tycoon", was to be designed by Lee Linton, with an expected cost of approximately $100 million.[65] Starship Orion International Thoroughbred Breeders (ITB) announced plans to demolish the El Rancho and construct Starship Orion, a $1 billion hotel, casino, entertainment and retail complex with an outer space theme, covering 5.4 million square feet (501,676 square meters). The resort was to include seven separately owned casinos, each approximately 30,000 square feet (2,787 square meters).[66][67] Each potential casino owner was to contribute up to $100 million to own and operate a casino within the complex.[68] The complex would have included 300,000 square feet (27,871 square meters) of retail space, as well as 2,400 hotel rooms and a 65-story hotel tower. ITB hoped to begin construction later in 1996, with a planned opening date of April 1998.[67] Sunrise This was to have been located at 4575 Boulder Highway. Property developer Michael Mona Jr. built the hotel-casino and stated that he was going to break tradition by starting a "casino without a theme". He failed to get an unrestricted gaming license when suspicions arose concerning his associations with alleged organized crime figures. Chips were made for the casino, but were never used.[69] The building was opened as Arizona Charlie's Boulder. Titanic In 1999, Bob Stupak was planning a 400-foot-high (122 m) resort themed after the RMS Titanic, to be built on a 10-acre (4 hectares) property he owned near downtown Las Vegas. The resort would have included 1,200 rooms, 800 of which were to be used for timeshares to help finance the project. That year, planning commissioners rejected Stupak's request to change the zoning to allow for a hotel.[70] The project was later planned for the former site of the El Rancho Vegas on the Las Vegas Strip, but was rejected by the Las Vegas City Council.[4] W Las Vegas Main article: W Las Vegas W Las Vegas was proposed in August 2005, as a $1.7 billion joint project between Starwood and Edge Resorts, with a scheduled opening in 2008. The project would include a 75,000 sq ft (7,000 m2) casino and approximately 3,000 hotel, condo hotel, and residential units.[71][72] The project was cancelled in May 2007, after Starwood pulled out of the deal.[73] Wally's Wagon Wheel Wally's Wagon Wheel was to be developed by Walter Weiss through his company, Magna Leisure Partnership.[74][75] The project was proposed for 2200 South Boulder Highway in Henderson,[76][77] between Wagon Wheel Drive and Roberts Road,[78] near Henderson's Old Vegas western theme park. Manga Leisure Partnership purchased the 15.5-acre property in late February 1988. Weiss, at that time, had tentative plans for a western-themed, 112-room property known then as the Wagon Wheel Hotel and Casino. The Wagon Wheel was expected to cost $15 million, and financing had yet to be obtained for the project, which Weiss expected to open in early 1990.[74] The project, which would include a 55,000 sq ft (5,100 m2) casino, was to be built in two phases.[79] By October 1991, Wally's Wagon Wheel remained unbuilt due to difficulty obtaining financing.[80][76] That month, the Henderson Planning Commission voted to give Weiss more time to make progress on the project. At that time, the project was to include 204 hotel rooms and would be built on 13.30 acres (5.38 ha). Weiss noted that the nearby successful Sam's Town hotel-casino opened with 204 rooms, and he believed his project would be successful if he opened with the same amount of rooms for good luck.[76] By the end of 1992, Weiss had still not acquired financing for Wally's Wagon Wheel. At the time, the project was the largest of five casinos being planned for Henderson. The three-story project was to include 200 rooms, two restaurants, a theater lounge for country and western entertainment, and a large bingo room. Weiss stated that groundbreaking was scheduled for May 1993, with an expected opening in June 1994. The hotel-casino would employ approximately 600 people upon opening.[81] Weiss met with nearby residents to discuss the project, and he had the original design changed to include a larger buffer zone between homes and the hotel-casino. In November 1994, the Henderson Planning Commission voted to recommend approval of Weiss' requested zone change as part of the redesign. The project, at that time, was to include a one-story casino and a four-story hotel with 400 rooms.[82][83] In December 1994, the Henderson City Council rejected Weiss' plans for a 200-foot (61 m) buffer.[84] In July 1997, the unbuilt project received its sixth extension from the Henderson Planning Commission for a use permit and architectural review.[85] In August 1997, the Henderson City Council approved the sixth extension, but denied Weiss' appeal for a one-year extension, instead giving him six months to make progress on the project.[77] Up to that time, $1.7 million had been invested in the project by Magna Leisure Partnership.[86] As of 1998, the project was expected to cost $80 million and employ at least 1,200 people, and the proposed site had increased to 19 acres (7 ha). At that time, Weiss stated that he was close to obtaining financing for the project from a casino operator.[87] The project was never built. Wild Wild West Not to be confused with Wild Wild West Gambling Hall & Hotel. As of 1993, Station Casinos owned a 27-acre (11 ha) site on Boulder Highway with the potential to be developed as a casino. The site was located across the street from Sam's Town hotel-casino.[88] In January 1998, Crescent Real Estate Equities Co. announced plans to purchase Station Casinos, which had intended to sell the land prior to the announcement.[89] By March 1998, Station Casinos was planning to develop a hotel-casino complex on the land, which was occupied by a vacant strip mall. The complex would be known as Wild Wild West, with local residents as the target clientele.[90][89] Crescent's purchase of Station Casinos failed in August 1998, and Station Casinos subsequently slowed its plans to build the project.[91] By the end of the year, the project had received approval from the Clark County Planning Commission for a 273,000 sq ft (25,400 m2) casino and a 504-room hotel.[92] No timetable for construction was announced,[92][93] and Station Casinos had already decided by that point not to start any new projects prior to 2000.[92] Station Casinos sold the undeveloped land for $11.2 million to Wal-Mart Stores, Inc. in April 2004.[94] World Port In 2000, Howard Bulloch, David Gaffin, and their partner Tom Gonzales transferred ownership of the Glass Pool Inn property to their group, known as New World, with plans for a megaresort.[95] New World purchased several other nearby motels to accumulate a 77-acre (31 ha) parcel located on the Las Vegas Strip and east of the Mandalay Bay.[96] In January 2001, plans were announced for World Port Resorts, a megaresort consisting of hotel-casinos, a convention center and a fine arts facility. The project was to be built on the 77-acre (31 ha property, a portion of which was occupied by the Glass Pool Inn.[96] World Trade Center To have been located at 925 East Desert Inn Road. Leonard Shoen, co-founder of U-Haul truck rental, purchased the property of what had been the Chaparral Hotel & Casino in 1996, renovating it into the World Trade Center Hotel. A gaming license was applied for, but when it was discovered that two of Shoen's closest partners were convicted felons, the application was denied in 1998. He withdrew his application, and died in a car crash in 1999 that was ruled a suicide. Cards and gaming chips were produced for the World Trade Center Casino, but were never used.[97] The property has since been demolished and is now a parking lot, part of the Las Vegas Convention Center Annex. World Wrestling Federation A casino resort themed after the World Wrestling Federation (WWF) was proposed for a property near the Interstate 15 freeway across from Mandalay Bay. The project never went past the proposal stage.[4] The land where it would have stood is now Allegiant Stadium. WWF also proposed to open the project on the property once used by the Clarion Hotel and Casino, which was demolished in 2015 to become a parking lot. Xanadu In February 1976, the Clark County Commission approved the 23-story Xanadu resort, to be built on the Las Vegas Strip at the corner of South Las Vegas Boulevard and Tropicana Avenue. The resort would include approximately 1,700 hotel rooms and a casino, as well as convention facilities, a showroom, dining, and indoor tennis courts. The resort was to be developed by Tandy McGinnis – of Bowling Green, Kentucky – and his Xanadu Corporation, and would be built on 48.6 acres (19.7 ha) owned by Howard Downes, a resident of Coral Gables, Florida.[98][99][100] The Xanadu would feature a pyramid design, and was expected to cost $150 million.[100] It would have been the first themed mega-resort. Much information and many artifacts of the project are housed at the University of Nevada, Las Vegas library. The Excalibur Hotel and Casino ultimately opened on the property in 1990.[101] See also Category:Defunct casinos in the Las Vegas Valley List of Atlantic City casinos that never opened
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