Las Vegas casinos list "table luck" as a loss in their Wall Street report :D

Discussion in 'Politics' started by harrytrader, Mar 22, 2004.


    LAS VEGAS, Nev., Dec. 10 (UPI) -- In Virginia City, Nev., at the old Delta Saloon, they have a faded green-felt layout for the old game of faro, and it's known as "the suicide table." Three 19th-century gamblers committed suicide after losing everything at that table, but here's the twist on the story:

    The suicides were all casino owners. They were operating the faro game, not playing it.

    Faro is no longer played in Nevada or anywhere else. The last faro turn was at the Ramada Casino in Reno, Nev., and it closed in 1985. That means the game had a run of about 170 years in the United States, but there's some evidence that it was played as early as the 15th century in Italy.

    It vanished for a simple reason. It had the most favorable odds for players of any game of chance in a casino. Once the casinos went corporate, there was no executive willing to risk his neck on a game that sometimes -- gasp! -- developed in such a way as to give an odds advantage to the player. Baccarat and craps are scary enough -- Las Vegas casinos sometimes list "table luck" as a loss item in their Wall Street reports