UCivan
UCivan
Joined: Sep 3, 2011
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July 28th, 2017 at 4:15:21 PM permalink
https://www.yahoo.com/news/m/dd74974a-dc1c-367a-8bcc-fda4c3f8082b/ss_how-casino-mogul-steve-wynn.html

It would be nice to have a separate Sub-section for Baccarat.
gamerfreak
gamerfreak
Joined: Dec 28, 2014
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July 28th, 2017 at 4:21:46 PM permalink
What's the average bet size to be considered a whale?

Do any casinos still have big table baccarat where the players can deal the cards?
Ayecarumba
Ayecarumba
Joined: Nov 17, 2009
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July 28th, 2017 at 4:32:36 PM permalink
More accurately, Wynn corp lost $10 million to junket players in Macau.

This "phenomenon" needs closer inspection. I wonder how many standard deviations from the norm are needed to produce this result? Were the cards pre-shuffled, or did they all have purple backs?
Simplicity is the ultimate sophistication - Leonardo da Vinci
DeMango
DeMango
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RSRomes
July 29th, 2017 at 11:38:17 AM permalink
Probably those cheap American cards!
When a rock is thrown into a pack of dogs, the one that yells the loudest is the one who got hit.
TigerWu
TigerWu
Joined: May 23, 2016
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July 29th, 2017 at 12:59:18 PM permalink
Quote: gamerfreak

What's the average bet size to be considered a whale?



I think it depends on the casino, but a rule of thumb I read was a bankroll of $50,000-$100,000 is high roller (maybe even $25,000 or less for smaller casinos), and more than that starts getting into whale territory. So, like a bankroll of $200,000 into the millions would be a whale.

Then you have terms like low-roller and mid-roller that us poor people use to feel better about ourselves.
Ace
Ace
Joined: Aug 15, 2013
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July 29th, 2017 at 4:41:24 PM permalink
I was under the impression that to be considered a whale you have a bankroll of at least 1 million (these days maybe more like 5 million), and there are very few people in the world playing at that level.
mamat
mamat
Joined: Jul 13, 2015
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July 29th, 2017 at 5:28:52 PM permalink
Quote: Ace

I was under the impression that to be considered a whale you have a bankroll of at least 1 million (these days maybe more like 5 million), and there are very few people in the world playing at that level.

I've heard from a casino exec that there are fewer than 300 "whales" in the whole world. Not sure what their definition is...

I used to watch Watanabe play $90K-180K/spin at Roulette in Caesars Palace (maybe 2007). He had post-it-noted packs of $100s, and would peel off $100s & too them in the air for tips. Obvious show-off. (Years later someone - I think - said Caesars made the post-it-noted packs).

I think he ended up losing $250-280 million (about 60% of his net worth)...but have forgotten the exact number The internet memes on him all quote each other, and have the total number really messed up. Some of the websites have a number lower than the losses to Harrahs alone (in the lawsuits).
Tanko
Tanko
Joined: Apr 22, 2013
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August 5th, 2017 at 5:04:51 AM permalink
In February 2016, $101 million was stolen from a Bangladesh Bank in a cyber-heist possibly tied to North Korea.
Most of the money was quickly laundered in Manila casinos, where according to the Philippine Senate investigation, Chau Cheok Wa of Sun City Group received 903 million pesos ($18 million) of the stolen money. Philippines

Baccarat Binge

Sun City Group is the same junket operator whose clients won more than $10 million at Wynn Resorts in Macau four months ago.
MrV
MrV
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mamat
August 5th, 2017 at 10:07:38 AM permalink
The capture, care, flensing and deboning of casino whales is well documented in the book about Steve Cyr: "Whale Hunt in the Desert: Secrets of a Vegas Superhost," by Deke Castleman.

A bit dated, but still a good read.
"What, me worry?"
gamerfreak
gamerfreak
Joined: Dec 28, 2014
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August 5th, 2017 at 10:09:33 AM permalink
Quote: MrV

The capture, care, flensing and deboning of casino whales is well documented in the book about Steve Cyr: "Whale Hunt in the Desert: Secrets of a Vegas Superhost," by Deke Castleman.

A bit dated, but still a good read.


That's on my shelf but I haven't read it yet. Just like most of the books I own.

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