Billionaire places biggest-ever Baccarat bet
Billionaire places biggest-ever Baccarat bet Hong Kong business magnate and casino owner Steve Wynn has placed a $100 million (€85.9 million) bet on a single hand of Baccarat at his Macau casino, according to reports. The high-stakes gamble dwarfs the previous record for a Baccarat bet, which was reportedly set by hedge fund manager John Paulson in 2010 when he wagered $15 million on a single hand. Wynn is said to have made the mammoth wager on Saturday night at his Wynn Palace casino in Macau. He is reported to have won the hand, which means his net profit from the bet would be around $23 million (€19.8 million). Baccarat is a card game that is popular with high-rollers and is often played for large sums of money. The aim of the game is to accumulate a point total as close to nine as possible, with cards valued at their face value except 10s and court cards which are each worth zero points. Aces are worth one point each. Wynn's record-breaking bet comes as casinos in Mac...