Aussie
Aussie
Joined: Dec 29, 2009
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April 28th, 2010 at 11:09:22 PM permalink
I noticed in the Wizards BJ survey a table at Caesars listed as having s $5k min bet ($50kmax). Has anyone observed the play on this table? Does it get many players or does it sit largely empty?
pacomartin
pacomartin
Joined: Jan 14, 2010
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April 29th, 2010 at 12:43:30 AM permalink
I remember when that was announced in December 2007 . It was considered a move to attract publicity, since the other major corporations make individual decisions to extend limits over $10K.

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.
ruascott
ruascott
Joined: Mar 30, 2010
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April 29th, 2010 at 6:08:56 AM permalink
So Wantanabe lost around $127M in 2007. Assuming he played BJ and other low HA games, wonder how much he actually wagered over those 12 months. One would think it would have to have been well over $1B.
Nareed
Nareed
Joined: Nov 11, 2009
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April 29th, 2010 at 6:18:40 AM permalink
Well, a player drunk out of his mind can make BJ a high HA game.

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.
You can visit my blog Kathy's Cooking Corner at kathyscookingcorner.blogspot.mx ... .... When someone offers you friendship with one hand and stabs you in the back with the other, you tend to notice the knife a little bit more.
ruascott
ruascott
Joined: Mar 30, 2010
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April 29th, 2010 at 6:42:38 AM permalink
You may be right. According to the WSJ article he played high HA games likes Slots and Roulette heavily, and when he did play BJ he played so poorly that he made it a high HA game.
Croupier
Croupier
Joined: Nov 15, 2009
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April 29th, 2010 at 6:47:53 AM permalink
Sorry to steer this thread off course, but does anyone know what is happening with the Watanabe Case?
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ruascott
ruascott
Joined: Mar 30, 2010
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April 29th, 2010 at 8:56:49 AM permalink
The last I had read was he was supposed to go to trial this summer. That was back in December. There was a long article in the WSJ.
teddys
teddys
Joined: Nov 14, 2009
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April 29th, 2010 at 12:01:56 PM permalink
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.
"Dice, verily, are armed with goads and driving-hooks, deceiving and tormenting, causing grievous woe." -Rig Veda 10.34.4
Keyser
Keyser
Joined: Apr 16, 2010
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April 29th, 2010 at 1:18:32 PM permalink
When a casino as large as Harrahs/Caesars for example, begins to act in a predatory way towards gamblers, the gaming commission can no longer seriously threaten to suspend or revoke their gaming licence. Gaming then has to protect the casino's interests or too many people lose their jobs. Consequently we see patrons like the blackjack players having their civil rights violated.

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,

Keyser.
ahiromu
ahiromu
Joined: Jan 15, 2010
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April 29th, 2010 at 1:44:25 PM permalink
Quote: teddys

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.
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