[bah-kuh-rah, bak-uh-; bah-kuh-rah, bak-uh-; French ba-ka ra]
a gambling game at cards played by a banker and two or more punters who bet against the banker.
Also, baccara.

1865–70; variant of baccara < French < ? Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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World English Dictionary
baccarat (ˈbækəˌrɑː, ˌbækəˈrɑː, French bakara)
a card game in which two or more punters gamble against the banker
[C19: from French baccara, of unknown origin]

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009
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Word Origin & History

card game, 1866, from Fr. baccara (19c.), of unknown origin.
Online Etymology Dictionary, © 2010 Douglas Harper
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Example sentences
Most of the players were engaged at baccarat, and large sums of money were
  being staked.
Examples of new games would include baccarat, roulette, and blackjack among
Poker, craps and baccarat tables are available, as well as slot machines in a
  variety of denominations.
Expect video slot machines and all the standard table games, from blackjack and
  poker to craps and baccarat.
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