These astronomical perks are only par for that course in terms of ‘duchessing’ the top rolling ‘whales’ of your gambli-ng world who are able to bet up to $300,000 a hand.
The technique of duchessing got to a head this week when 18 Crown employees were arrested in China for organising gam-bling activities for Chinese Nationals overseas.
Sources revealed the employees are known to tempt high rollers, or whales since they are known in the marketplace, with seven-figure lines of credit and assist them obtaining Australian visas to come to Australia to ga-mble.
Anna Smith*, worked as a VIP services manager, looking after high rollers for a major c-asino. It was Smith’s job to ensure the whales were well looked after.
“My goal was to be certain they stayed make the city where the cas-ino was located,” she says.
“They had entry to free activities, VIP tickets to shows and special attractions, a selection of private parties, and the opportunity to meet and greet celebrities that nobody else could easily get near.
“The casin-o could flex its muscles and acquire them anything they wanted, just as long as they extended their stay and continued to ga-mble.”
The duchessing of whales has become happening for a long time. Within the late 1970s Brian Twomey was the marketing manager for exclusive London casi-no Crockfords.
Located within Mayfair, it absolutely was (and remains) the kind of place where 007 might have felt in your house, a gaming house which was a world outside the tacky glitz of Australia’s poke-r machine dens.
“Our high rollers were induced by offers of the most effective seats at Wimbledon, a race day at Ascot, or perhaps a ski escape to St Moritz,” says Twomey.
Nowadays the stakes have been raised and c-asinos will stop at absolutely nothing to harpoon a whale and drag it straight back to the baccarat in thailand. Sydney’s Star Ca-sino recently purchased a $ten million yacht for high-rollers to experience the harbour with cocktails and canapes. They continue in a penthouse suite which comes with its own butler, and have driven around in the Bentley or Rolls.
In 2005, Crown Melbourne ploughed $ten million into keeping one of its whales happy, but in hindsight it was a profitable little earner for casin-o.
The whale, Harry Kakavas, an actual-estate salesman who made his fortune flogging houses around the Gold Coast, gam-bled $1.5 billion in a little over twelve months, throwing it away $300,000 a hand about the baccarat tables, until he was in the red in excess of $30 million.
Being a major whale, Kakavas was courted similar to a superstar. Crown flew him overseas on holidays within their private Learjet, as well as left him gift boxes containing $50,000 to present him a jump start in the tables. In one flurry, the compulsive ga-mbler lost $2.3 million within 30 minutes.
And in 2014 James Packer put his hand in the pocket for three luxurious Bombardier Jets towards the tune of $US100 million, to ferry around his VIP Asian customers in style and comfort.
“They really do get spoilt rotten however the flip side is that they almost single-handedly float our hospitality industry some weeks,” admits Smith.
The game of preference
It’s all a relative drop in the ocean when you consider that in 2015-16, high-rollling gambl-ers wagered around $115 billion at Crown and The Star’s VIP tables. While bl-ackjack and also the roulette wheel are both popular choices with higher rollers, it’s on the baccarat table the really huge cash is won and inevitably lost.
Baccarat became popular in 19th century France and continues to be the overall game from the whales. The big numbers resulted in highest returns, with all the house needing an astronomic turnover to justify the offering.
This game is pretty simple: Each hand dexmpky76 2 or 3 cards, together with the nearest to nine the winner. Court cards count as zero and when a sum surpasses nine the value returns to zero.
So, as an example, some cards 4 and 8 features a value of 2 (not 12) while 6, 7 and 6 have got a worth of 9 (the perfect score) not 19.
In 2000, the biggest whale in Australia’s history, Kerry Packer lost $33 million more than a three-day period, playing baccarat on the Bellagio.