Terrance Watanabe played at these tables (three hands at once) as part of his plunge at losing over $100 million in Harrah's hotels.
Low rollers cannot walk by these tables.
BTW This guy I work with once tried BJ at a semi-legit casino off the coast of Chetumal (south of Cancun, near the border with Belize), but he knew nothing about BJ. He wound up asking the dealer for advice at every point in the game. He promptly lost his $20 stake. At least he had the sense to wager small.
Players like Terrance Watanabe also fall prey to management. In the past, the casino would not have tried to collect the remaining ten percent or less that he owes by trying to throw the guy in jail, and it certainly wouldn't have allowed the story to make it into the news. Gaming would also have acted to suspend their gaming license over the documented stories of drug and alcohol abuse. Even Steve Wynn saw a problem with the guy and banned him before he could self destruct, but not Harrahs. Caesars Palace welcomed him with open arms.
When a casino's bonds become junk bonds, then the entire gaming enviroment in such a casino becomes a program to fleece players out of more money. Not intentionally at first, but as the direct result of upper management putting pressure on individual casinos and their managers to meet unrealistic goals. When this begins to happen, players should just stay away.
Over the next couple of years, I'm sure casinos owned by Harrahs will see a large part of their "Seven Star Players" jump ship to the Wynn and elsewhere because of the casino's junk bond status. Afterall, if we don't want to buy their bonds, then why on earth should we to trust them with our money while we gamble with markers in their casinos. (I don't think the free cruises are going to help much.) Besides, we all get skiddish when we hear of the patron abuse stories in the casino in the LV Sun, from other players, and now from the dealers that work there - since they've become unionized.
Just my ten cents,
Not sure, but I think the judge was in the process of authorizing discovery. I don't think there has been a date for trial set. It would be great if they got access to Harrahs' records and the stuff they do to keep and attract whales. Some of it won't be pretty. This will drag on for a long time.
What do you guys think his chances are? I mean, yes it's his money and he can do whatever he wants with it regardless of how stupid it is... but by the law Harrah's might be at fault. As mentioned by someone else, I didn't know that Wynn had kicked him out which shows a history of bad behavior on his part. Regardless, if this 'goes to trial' and it isn't closed, I'm excited to learn about how they attract the whales.