Mind Blowing Facts You Didn’t Know About Casinos

Whether you’ve enjoyed a trip to a physical casino or a few slot spins in the online realm, we’re all here because we love the experience. Casino games have been a part of Nigerian life for centuries and in the modern day, it’s easier than ever before to spin the reels or play a few hands of poker.

But how much do you actually know about casino origins and their development? Here are some fun facts behind one of our favourite pastimes.

1. Casinos Originated in Italy

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There are stunning casinos all over the world and some notable locations such as Macao, London and, of course, Las Vegas. All would lay claim to offering the best experience but who was first?

In fact, that honour goes to Italy where the term ‘casino’ originates. It derives from the root word ‘casa’ meaning house and that term developed to cover a number of establishments such as summerhouses and social clubs. We also know that organised gambling can be dated back to Venice in 1638. While other countries may have taken the baton with great enthusiasm, we clearly owe a huge debt to those early Italians.

2. Nigerian Casinos Boomed in Lagos

This may not be the most surprising fact on this list but it’s interesting to note the evolution of Lagos casinos. Gambling in Nigeria is not well regulated. Although there is a gambling law in place, many illegal casinos operate in the country. The legal land-based casinos are located in the two largest cities. The Golden Eko Casino is one of the biggest casinos in Lagos

3. The Biggest Slot Machine win came in at $39.7 Million

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Casino jackpots are often spoken about in terms of life changing sums but the biggest slot machine win to date is simply staggering. It landed, not surprisingly, in Las Vegas when an unnamed LA software engineer wagered $100.00 on Megabucks at the Excalibur Casino.

True to its name, Megabucks returned a colossal sum of $39.7 Million. The record has stood since 2003 and will take some beating but if the mark is ever broken, we should continue to watch Las Vegas. This is the centre of slot play with around 200,000 machines available.

4. The Online Slot Machine Record is 17.8 Million Euros

Online slot jackpots haven’t, as yet, been able to match that incredible $39.7 million sum but they still manage to return some outstanding six figure numbers. The current record was set in 2013 and it stands at a seriously impressive 17,861,800 Euros.

It was won by a player in Finland, playing Mega Fortune and he was paid out in Euros. Based on August 2019 exchange rates, it translates to some £16.5 million

5. Slot Machines Must Pay at Least 70%

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When you head to the online slots you may see the initials RTP. These letters stand for Return to Player and they relate to the money that is expected to be paid out in relation to player stakes. The UK Gambling Commission has decreed that the minimum RTP must be set by all online casinos at 70% – meaning that for every £1.00 staked, 70p must be paid out as an average.

That’s the set figure but it is only an average. If we look at some slots at random, King of Atlantis has an RTP of 96.14%, King Kong Fury is at 96.703% and, our most popular slot Koi Princess, comes in at 96.23%. Those figures are comfortably over the 70% minimum and, in fact, the average RTP for our slots is a healthy 97%.

6. Poker can be a Lucrative Second Career

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What do sportsmen and women do when their playing careers come to an end? There are plenty of options but a select few have made a successful transition onto the poker tables. Former Spurs, Manchester United and England striker Teddy Sheringham is known to have made over £330,000 at the poker tables and there are many like him.

But it’s not only sportspeople that enjoy a highly lucrative career on the Tours. Writer and Broadcaster Victoria Coren Mitchell is a renowned player who has just returned to the tables following a break from the game. In her first stint as a professional poker player, Coren Mitchell became the first ever two-time winner of the prestigious European Poker Tour trophy.

7. Slots First Appeared in 1887

The origin of some of our favourite table games is often disputed but we know for certain that the first slot machine saw life way back in 1887. It was known as the Liberty Bell and was developed by Charles Fell who released the completed design in 1891.

8. The Longest Poker Game Lasted Over Eight Years

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We know that, along with skill and a certain amount of luck, it also requires a degree of patience and stamina to really succeed at poker. In the modern era, tournaments will last for hours, days and even months but that’s nothing compared to the world poker endurance record.

1881 is the year and the basement of a theatre in Arizona is the location for a game which is said to have lasted for eight years, five months and three days. Surely there were breaks in between you say… but, legend has it that the game was played on a rolling 24 hour basis with occasional sleep and comfort breaks.

While hard evidence may be a little lacking in this story, it’s certain that an incredible marathon took place down in that theatre and, it is said that some $10,000,000 changed hands.

9. Robert Maxwell: The World’s Biggest Roulette Loser

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We now switch from the card tables to the roulette wheel to pick up the tale of Robert Maxwell. The media mogul was a notorious and controversial figure during the 1980s and, among his many interests, he loved a few spins at the roulette tables.

One evening at Les Ambassadeurs Club in Mayfair, Maxwell managed to lose £1.5 million in three minutes while playing at three tables simultaneously. A staggering and record loss but it was one that the multi-millionaire businessman could presumably cover quite comfortably.

10. One Man Sold Everything and bet it on a Single Roulette Spin

Back in 2004, a TV series known as Double or Nothing hit the UK screens. It featured an English professional gambler by the name of Ashley Revell who aimed to sell all his possessions with a view to staking it all on the turn of a roulette wheel.

In time, through a series of car boot sales and auctions, Revell had raised £135,300 and he was left with no more than the clothes on his back. Heading to the roulette wheel at the Plaza Hotel and Casino in Las Vegas, he staked it all on red and, thankfully for Revell and most of his television audience, number 7 Red landed and paid out a cool £270,600.

It was a heart in the mouth moment and one that made for great television so why not trawl the video sharing sites and check out the original footage.

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