Mostly, Casino is not based on a real-life account. It's a creation of the writer's imagination, combined with elements that might draw inspiration from common themes and scenarios, but not from a specific true event.
The casino was a place full of excitement and risk. Neither the gambler nor the casino owner could predict their fate. Gambling can make people greedy, selfish and heartless. It can destroy a person's life and family, and even lead to social chaos and collapse.
No, 'Casino' isn't based on a specific true story. It's a work of fiction that incorporates elements and themes common in the casino and crime genres to build an engaging narrative.
Some casinos might draw inspiration from real events or people, but not all are directly based on a specific true story. It depends on the context and the creative direction of the establishment.