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Blackjack History and Specific Features of the Game

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Blackjack commands the most massive following of all table games in both online and offline gambling platforms. The game’s fame is rooted in having been around for a long time and also its depiction in pop culture creations such as films, TV shows, and even literature pieces. Blackjack is a card comparing game that pits one or several gamers against a croupier, and each one gets their turn to try and beat the house. Blackjack has a rich history that has helped build it up to the well-respected game. Also, numerous blackjack strategy approaches have come up over the years to draw the attention of a bigger fan base.

The Beginning

Blackjack roots can be traced back to the early eighteenth century. Like most games that have been around long, the origins of blackjack are muddled and are still the subject of argument to date. Even so, it is agreed that the indulgent didn’t come to be from the actions of a single person or a particular point in time. Instead, it is the result of gambling evolution that continues to this date, especially with the entry of online casinos. The revolution of blackjack to what it is today took different roots in history, and some of the most popular theories include:

  • French casinos: The most common belief of blackjack origins is that the game has its roots in French casinos. The game popped up in the country’s gambling establishments in the early 1700s as Vingt-et-Un, which translates to 21. This game is believed to have been a variation of other popular card games at the time that dominated the gambling scene such as Chemin de Fer.
  • Spanish roots: Spaniards have also been linked to the game of blackjack. During the eighteenth century, Spanish casinos offered a similar version of what is played today dubbed Trente-Un, which translates to 31. In the game, players had to gain a card value of thirty-one using only three cards before the dealer did. This is ten cards more than what is used today.
  • Rome casinos: It is no secret that ancient Rome was home to thriving gambling habits among its citizens, especially soldiers. It is believed that the Romans played the game with wooden planks in the place of cards with each block holding a different numerical value. However, there is no evidence of the link between this game and modern blackjack, but the Romans love for gambling makes it a popular theory nonetheless.

The American Twist

Out of the three games believed to have inspired the game, the French version is the one that gained the most popularity and spread around the world. The set was well-accepted in North America where it was introduced during the French revolution by colonists. The game still held on to some traditional rules, including the limitation that only the croupier was allowed to double. Also, a betting round was played before the next playing card was dealt. The game still went by the name twenty-one when it reached Nevada in the early twentieth century, which was around the time that casinos were made legal.

With the gambling sector scrambling to get as much attention with its newfound legality, some rule changes were made. On top of the usual stakes, players were allowed to gamble on a special bet. In the hand, players would win if it contained once of the two black jacks used in the deck – the jack of clubs or that of spades. On top of that, the Ace of Spades had an odds upgrade where it would pay ten to one. As the game gained more popularity, gambling destinations soon dropped these special stakes, but the name blackjack stuck from the peculiar bet that made it famous. Today, the value of the Ace of Spades is juggled depending on the dealt hand.

Blackjack Gameplay and Features

Over the years, numerous variations of blackjack have cropped up in a bid to keep the popularity of the game alive. Even so, all versions of the game are similar to the classic version with only a few twists in the rules that act as building blocks for slightly different gameplay experience. In blackjack and all its variations, the gameplay procedure remains constant. Players need to have a card value of 21 or one close to it before the dealer. If the number goes over 21, whoever holds it busts and automatically loses the round. Also, if the card value is lower than that of the dealer’s, then the player loses. Each card contributes a different value to the hand as follows:

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  • The numbered cards award face value. For instance, a 3 card counts as three and a 10 card counts as ten.
  • The face cards, which are the kings, queens, and jacks, all award ten.
  • The Ace counts as one or eleven. The considered value varies depending on which card would be most valuable to the hand. For instance, the eleven-card used in a hand valued at ten or less is handy but would bust if it is higher.

Now with the most basic rule down, here is a look at how a round of blackjack goes down:

The Purchase of Chips

This is necessary for brick and mortar casinos since real money is not used at the tables. In online and live gambling dens, however, the player’s balance is automatically changed to virtual chips once the game is launched.

Wager Placement

Blackjack round only begin once the player has placed their stake in the betting circle. Depending on the gaming club, the ring could be the casino logo or that of the game. The stakes are determined the chips used with each one being matched to a credit or cash value. The minimum stake also varies from one set to another. Online blackjack variations accommodate bets as little as a couple of pennies while land-based versions rarely go below five dollars.

Dealing of Cards

Blackjack is either conducted by a croupier in location-based and live casinos while an RNG serves the purpose in online versions. One card is handed out to the player face up while the dealer takes one face down. Another card is handed to the gambler face up, and the dealer receives one face-up as well. The dealing of cards marks the real beginning of the game.

Playing the Hand

From the two cards handed out, players have to add the values, which adds up to a value between 4 and 21. If the cards are an Ace of Spades and a ten-card, the round automatically ends with the player as the winner unless the dealer also has 21. In that case, no win is granted, but the original stake is not lost. If the value is not a blackjack, there are several ways that the gambler can proceed, and they include:

Stand If the first two cards are of an acceptable value, this move will end the round and require the dealer to reveal their cards.
Hit If there is adequate room to improve the card total, the croupier will deal more cards until one chooses to stand or busts by going over 21.
Double down If the card value is advantageous, one can choose to double their wager and receive an additional card. The added bet allows one to take or turn down the card after seeing its value.
Split If the first two cards are of the same value, one can choose to separate them and have different stakes for each. Therefore, the gambler will be playing two hands that begin with an equal card value.
Surrender If the first two cards are not of suitable value, players can choose to return the cards but at the loss of half their bet.

 

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In Brief

Blackjack is a continually evolving game with variations popping up now and then to challenge the norm. Players can access the game and its various versions online and offline in a wide variety.

Blake Sartini

Golden Entertainment Announces Leadership Changes

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Golden Entertainment Inc. announced that effective March 20, 2024, Blake Sartini II, Golden’s Executive Vice President of Operations, became the Company’s Chief Operating Officer.

“Blake has worked in every capacity throughout our organization since he started at Golden almost 17 years ago. His unique knowledge of our Company’s culture, commitment to operational excellence, and strong leadership skills make him the ideal individual to be given responsibility for all our Nevada casino resorts, locals properties, tavern operations and related corporate functions,” Blake Sartini, Chairman and CEO of Golden, said.

Blake Sartini II initially joined Golden in June 2007, working with Golden’s tavern operations and building what is now the largest branded tavern portfolio in Nevada with 69 locations. Currently, as Executive Vice President of Operations, in addition to oversight of Golden’s taverns, he has direct responsibility for the Company’s five local casinos in Las Vegas and Pahrump.

Steve Arcana, Golden’s current Chief Operating Officer, became the Company’s Chief Development Officer also effective March 20, 2024. In this newly created role, Mr. Arcana will be responsible for all new tavern development, finding new third-party food and beverage concepts for the Company’s casino resorts, and exploring opportunities to unlock value in the Company’s excess real estate in Las Vegas, Laughlin and Pahrump. Mr. Arcana initially joined Golden in 2003 and has overseen the Company’s operations as it has grown from a privately held, 900-slot machine route operation to a publicly traded gaming company with casinos in Las Vegas, Laughlin and Pahrump in addition to its significant tavern portfolio.

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“Steve has been with Golden for over 20 years and has been an integral part of growing our business and guiding us through many challenges. Steve has established a strong operating team and has been a consistent leader throughout his decades at Golden. His long history and extensive experience in the industry will continue to benefit the Company in his new role focused on creating value from new tavern development and unused assets in our casino portfolio,” Mr. Sartini said.

“These management changes will allow Golden to focus on maximizing performance in our core operations while exploring opportunities to drive future improvement by bringing potential new concepts to our existing portfolio. I am confident the changes to Blake and Steve’s roles with the Company will position us well to create additional shareholder value,” Mr. Sartini added.

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Barclays Capital Inc

MGM Resorts International Announces Proposed Senior Notes Offering

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MGM Resorts International announced that it proposes to offer $750,000,000 in aggregate principal amount of senior notes due 2032.

The Company intends to use the net proceeds from the offering of the notes to repay existing indebtedness, including its outstanding 6.750% senior notes due 2025. Pending such use, the Company may invest the net proceeds in short-term interest-bearing accounts, securities, or similar investments.

The notes being offered will be general unsecured senior obligations of the Company, guaranteed by substantially all of the Company’s wholly-owned domestic subsidiaries that guarantee the Company’s other senior indebtedness, and equal in right of payment with all existing or future senior unsecured indebtedness of the Company and each guarantor.

Deutsche Bank Securities Inc., BofA Securities, Inc., Barclays Capital Inc., BNP Paribas Securities Corp., Citigroup Global Markets Inc., Citizens JMP Securities, LLC, Fifth Third Securities, Inc., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, Scotia Capital (USA) Inc., SMBC Nikko Securities America, Inc., and Truist Securities, Inc. will act as joint book-running managers and Goldman Sachs & Co. LLC, PNC Capital Markets LLC, U.S. Bancorp Investments, Inc., and Wells Fargo Securities, LLC will act as co-managers for the proposed offering.

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The Nomination Committee’s Proposal of Catena Media’s Board of Directors at the Annual General Meeting 2024

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The Nomination Committee of Catena Media proposed re-election of the following members of the Board of Directors:

Øystein Engebretsen

Theodore Bergquist

Adam Krejcik

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Sean Hurley

The Nomination Committee proposed that Erik Flinck and Dan Castillo be elected as new members of the Board of Directors.

Göran Blomberg, Esther Teixeira-Boucher and Austin Malcomb have declined re-election as board members.

The Nomination Committee proposed that there will be six (6) members of the Board of Directors, changed from seven (7).

The Nomination Committee also proposed Erik Flinck to be elected as Chairman of the Board of Directors.

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Erik Flinck, born in 1980, currently provides high end business consulting combined with serving as Chairman for the digital health startup, dr HUD. Mr Flinck previously served as Head of BCG Sweden and has extensive experience from corporate management, growth and turnarounds from nearly 20 years of Management Consulting and serving as Head of Group Strategy and M&A at Sandvik AB. He has a Masters Degree in Engineering (Software development and Financial Mathematics) from the Royal Institute of Technology in Stockholm and a Masters Degree in Business and Administration from Stockholm University and Stockholm School of Business.

Born in 1980, Dan Castillo has accumulated over 20 years of experience across startups, growth companies and turnarounds. Since 2015, Castillo has invested in Catena Media, maintaining a close watch on its progression, especially after its IPO in 2016. He has previous experience of listed board work in Kotipizza which Orkla acquired in 2018. He currently serves on the boards of five companies in different sectors, including Quartr.com in Fintech and Hope Studios in movie production. His academic background includes studies in Finance and Economics at Linköping University.

The Nomination Committee of Catena Media consists of:

Nicklas Paulson, representing Investment AB Öresund (chair of the nomination committee)

Marianne Stenberg, representing Second Swedish National Pension Fund

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Martin Zetterlund, representing Niklas Karlsson

Göran Blomberg, chairman of the board of Catena Media.

The post The Nomination Committee’s Proposal of Catena Media’s Board of Directors at the Annual General Meeting 2024 appeared first on European Gaming Industry News.

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