Designing logo for a casino

Create a circle using elliptical shape tool.

Double click the layer to open layer style window. Apply settings as shown.

Duplicate layer. Scale down. Change colors in gradient overlay and move the gradient angle a bit.
Type JACKPOT using a bold font.
Double click the layer to open layer style window. Apply settings as shown.

Right click the layer and select create layers. Select the resulting layers and merge. Apply a 2 pixel solid stroke layer style with blue color.
Right click the layer and select create layers. Select the resulting layers and merge. Apply a 2 pixel solid stroke layer style with yellow color.
Right click the layer and select create layers. Select the resulting layers and merge. Apply a 2 pixel solid stroke layer style with red color.
Type champs using another font and rotate the text a bit.

 

Double click the layer to open layer style window. Apply settings as shown.
Select the two circles we created in the beginning. Duplicate the layers and scale down. Place as shown below.

Using custom shape tool create a diamond icon over this circles.

 

Similarly create 3 more cards icons and place over their circles.
Create a circle using elliptical shape tool.
Using text tool click on this circle and type " * " several times. Hide the circle layer.