NokTang
NokTang
Joined: Aug 15, 2011
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April 21st, 2014 at 3:36:56 AM permalink
Had a final flurry in Nagaworld Sunday, yesterday. The roulette wheel was red hot, then black hot, then low numbers hot. Hot means like six or eight in a row. I wasn't a chicken shit this time and attracted the shift manager.

To make a long story short, I got the scoop on how these outfits make so much money. While Cambodia is a big time venue, as you all know, Macau is the big money.

They work junkets (in NagaWorld) on what is labeled "joint ventures". There are five private games for these joint ventures. The table limits can be adjusted but start at $300,000.usd. Max with a $10,000.usd min. All baccarat, all upstairs.

I'm sure Macau sets it up like this as well.

I only met the shift manager because there was a mistake made at the table and I was pressed up to $500.usd per spin.

And the think I thought I was a decent player with over four hours of play averaging apx. $200.usd a spin. I wasn't shit to them in the big picture.
Lucky33
Lucky33
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April 21st, 2014 at 10:47:17 PM permalink
They must have really changed at Nagaworld, when I was there it was such a small, rinkydink casino I doubt they even had any $3,000 US tables.
NokTang
NokTang
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April 22nd, 2014 at 1:49:44 AM permalink
Quote: Lucky33

They must have really changed at Nagaworld, when I was there it was such a small, rinkydink casino I doubt they even had any $3,000 US tables.



I think you refer to the days when it was a docked barge with a casino onboard. If you will look back in this discussion you will get the link to the financial statement and learn as well it is a listed stock in Hong Kong. This one property made over 300million dollars last year. This "joint venture" information was told to me without any confidence or requests to keep it quiet. However, I have read that such activities have gotten the attention of gaming authorities in the U.S.A. and companies such as Sands Las Vegas and Wynn and MGM(whatever the parent company is) have had to curb back on the "junket" aspects of their properties in Macau. The reason should be obvious, but for those in the balcony looking in, it involves laundering money and worse, extortion and loan sharking etc.. The types involved in the "junket" are what you might expect back in the times of, well...you get the idea.
Lucky33
Lucky33
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April 25th, 2014 at 4:23:09 PM permalink
Maybe they have changed but I still think that a gambler would be much better off in Macau. Back when I visited Nagaworld they had one craps table. I went up to bet, tossed 10 $100 US on the table and noticed that the shooter was about to throw the dice. Back in those days I was a regular visitor at the Vegas and Louisiana casinos and I was used to the honest ways that they did business. Anyway to make a long story short, I tossed the 1,000 US on the table, noticed that the shooter was about to toss the dice and said to the stickman, "$50 come bet" so I would have something on the roll. He waited until after the shooter tossed the dice, which won, and said "Sorry sir but you called it too late". I picked my money off the table and never went back. Macau or Vegas, even Louisiana casinos you wouldn't have to worry about that, I think that I will stick with them and forget the chickenshit practices of the Cambodia casinos.
Hunterhill
Hunterhill
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April 25th, 2014 at 4:49:22 PM permalink
When I have been there they did not accept U.S. currency at the tables. You had to go to the cage and convert it. When was this?
The mountain is tall but grass grows on top of the mountain.
NokTang
NokTang
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April 26th, 2014 at 4:14:00 AM permalink
Quote: Hunterhill

When I have been there they did not accept U.S. currency at the tables. You had to go to the cage and convert it. When was this?



It is still like this. No cash accepted at the tables. They play in U.S.Dollars only. There is an exchange booth affiliated with a local Cambodian Bank as well for Western Union and credit card advances.
NokTang
NokTang
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April 26th, 2014 at 4:15:27 AM permalink
Quote: Lucky33

Macau or Vegas, even Louisiana casinos you wouldn't have to worry about that, I think that I will stick with them and forget the chickenshit practices of the Cambodia casinos.



I'm not sure call bets are accepted in the U.S.A. these days. Too many disputes and of course, accents and other languages spoken. I've never seen craps in Cambodia.
Lucky33
Lucky33
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April 26th, 2014 at 5:31:02 PM permalink
Quote: NokTang

I'm not sure call bets are accepted in the U.S.A. these days. Too many disputes and of course, accents and other languages spoken. I've never seen craps in Cambodia.



In those days they had a lone craps table and it was faIrly busy although the casino itself was a small, chickenshit operation. If they don't have craps now there would be no reason for me to go there since craps is my favorite game. I play a little blackjack when I get tired of standing and need a break but the rest of the time I'm on the craps table. I guess for gambling in Asia Macau is still the best bet.
NokTang
NokTang
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April 27th, 2014 at 8:58:10 PM permalink
Quote: Lucky33

when I get tired of standing and need a break but the rest of the time I'm on the craps table. .



I've brought up the issue of stools at craps tables and gotten very positive replies. Some casino's in Las Vegas even have them under the table for patrons. Others will get you one. You don't have to be disabled or lie about it(which I'd never do myself) either. It's part of customer service. I don't know about Macau but one old photo shows a craps table with full chairs surrounding it.

As I reflect on my week long visit to Phnom Penh and many to Nagaworld, I regret once again not jumping on the streaks I outlined...red/black/odd/even/high/low.......hindsight is so beautiful in the world of a gambler but I remain convinced those roulette wheels there at Nanaworld had a lot of streaks. You could get rich quick if you had the nerve to lay it on the line(place it in the box in this case).
NokTang
NokTang
Joined: Aug 15, 2011
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April 22nd, 2015 at 1:36:54 AM permalink
Back in Nagaworld this past week, April 1015.

Once again stayed off property.

It's still very busy, going strong, one assumes making a lot of money.

One interesting thing, they are building a "30 story" hotel addition next door, but having problems with the foundation. The manager(one of many) told me the land was "reclaimed" which I think means wetlands reclaimed and built on and the first attempt at the pilings was a failure so had do it again. Real money in these things.

I ate more at the $25.usd buffet this year(on a comp), and it is certainly better than the casion level buffet. However, the beef wasn't good. I keep being told they have Austrailian and American beef some place, I guess a menu item in one of the upscale restaurants.

Everyone is friendly, leeches still around, had six, count em, six middle aged women(I'm male).....at my roulettle table while I was winning. The day before, a young man was seated, not playing, and telling me what to bet. I asked them to remove him, and he apoligized profusely for the intrusion. They all(the women) asked for a "tip for me" when I colored up. Strange this is allowed, but it's Cambodia. I did tip the dealers $25.usd and the tip box was empty.

The sportsbook is up and running. I didn't see any horse racing or dog racing, but all forms of football and soccer and MLB etc.. Baseball was easy pickings for me. I just looked on ESPN for home teams with high paid pitchers playing teams with pitchers only earning $500,000.usd. It seemed like it worked, I was three for three on my baseball wagers. I just figured as the season just opened, everyone fresh, home teams want to win for the fans. Go for it, and it paid off.

I was encouraged to bet on Manchester United twice. The first time, I got shut out as late to the window(game vs Manchester City). So the following week, Man U is 3.5 dog at Chelsa so I bet them big, both the win and "win or draw". Got creamed. That's it for soccer wagering for me.

There are now two Texas Hold-Em tables at the Sportsbook. They seem to stay full at night. Some real action, most players had at least $1000.usd in front of them and I saw several "all in" of over $1000.usd..

Black Jack is still only continous shuffle. Baccarat remains the big game and big money. I was told there are nine suites with three tables in each, staffed 24 hours while the suite is occupied. They look for and get an $8000.usd per wager average at those suites, or at least that's what type of player stays in them. Food from around the world arranged, everything "up to the player".

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