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is a casino card game. It is believed to have
been introduced into France from Italy during
the reign of Charles VIII of France (ruled 1483-1498),
and it is similar to Faro and to Basset. There
are three accepted variants of the game: baccarat
chemin de fer (railway), baccarat banque (or à
deux tableaux), and punto banco (or North American
baccarat). Punto banco is strictly a game of chance,
with no skill or strategy involved; each player's
moves are forced by the cards the player is dealt.
In baccarat chemin de fer and baccarat banque,
by contrast, both players can make choices, which
allows skill to play a part.
Baccarat (pronounced bak?ra?) is a simple game
with only three possible results - 'Player', 'Banker'
and 'Tie'. The term 'Player' does not refer to
the customer and the term 'Banker' does not refer
to the house. They are just options on which the
customer can bet.
Baccarat, cards 2-9 are worth face value, 10s
and face cards (J, Q, K) are worth zero, and Aces
are worth 1 point. Players calculate their score
by taking the sum of all cards modulo 10, meaning
that after adding the value of the cards the tens
digit is ignored. For example, a hand consisting
of 2 and 3 is worth 5 (2 + 3 = 5). A hand consisting
of 6 and 7 is worth 3 (6 + 7 = 13 = 3) - the first
digit is dropped because the total is higher than
10. A hand consisting of 4 and 6 is worth zero,
or Baccarat (4 + 6 = 10 = 0). The name "Baccarat"
is unusual in that the game is named after the
worst hand, worth 0. The highest score that can
be achieved is 9 (from a 4 and 5, 10 and 9, or
A and 8, etc). (Credit:
casinos' luck begins to turn - 20th April 2009
bad luck may have started to turn, as first-quarter
gaming revenues jumped 8.1 percent from the previous
quarter after a dismal second half in 2008, official
Revenues in the gaming haven were 26.02 billion
patacas (3.26 billion dollars) in the first three
months of this year, up from 24.08 billion in
the fourth quarter of 2008, Macau's Gaming Inspection
and Coordination Bureau said on its website.
The upturn follows three straight quarter-on-quarter
drops in revenue in the former Portuguese colony,
as tighter visa restrictions on visitors from
mainland China hit operators.
But the figure was still down 12.8 percent compared
to the record first quarter of 2008, according
to the statistics released Friday.
The crucial market for VIP baccarat was 16.83
billion patacas in the first three months of the
year, down 19.1 per cent from the first quarter
of 2008, but up 7.8 percent from the fourth quarter.
Macau has become a gleaming temple to gambling,
with enormous casino complexes cropping up over
the past few years, helping the city easily overtake
Las Vegas in terms of gaming revenue.
But the tougher visa restrictions and the crisis
in the global credit markets has meant many projects
have stalled in recent months as they struggle
to find new financing.
The visa restrictions were beefed up on Chinese
worries about corrupt mainland officials laundering
their cash in Macau, as well as the rise of problem
There is also concern about the outflow of cash,
much of it to United States-based firms that have
been the major investors in Macau since its gaming
sector was liberalised in 2002.
Very Important Person, or VIP is a person who
is accorded special privileges due to his or her
status or importance.
Examples include celebrities, heads of state,
major employers, high rollers, politicians, high-level
corporate officers, wealthy individuals, or any
other person who receives special treatment for
some reason. In some cases, such as tickets to
events, VIP may be used in a similar way to premium,
and can be purchased by anyone. The term was coined
between 1940 and 1945, likely by the Royal Air
VVIP (meaning Very Very Important Person) may
indicate a level of status above VIP (Credit:
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