These astronomical perks are just par to the course when it comes to ‘duchessing’ our prime rolling ‘whales’ in the gambli-ng world that can bet as much as $300,000 a hand.
The concept 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 employees are recognized to tempt high rollers, or whales since they are known in the industry, with seven-figure lines of credit and assist them applying for Australian visas to come to Australia to ga-mble.
Anna Smith*, worked like a VIP services manager, looking after high rollers for any major c-asino. It had been Smith’s job to make sure the whales were well looked after.
“My goal was to make certain they stayed put in the city where the cas-ino was located,” she says.
“That they had entry to free activities, VIP tickets to shows and special events, a choice of private parties, and the opportunity meet and greet celebrities that nobody 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 continues to be happening for many years. Inside the late 1970s Brian Twomey was the marketing manager for exclusive London casi-no Crockfords.
Situated in Mayfair, it was actually (and stays) the sort of place where 007 will have felt in the home, a gaming house that had been a world outside the tacky glitz of Australia’s poke-r machine dens.
“Our high rollers were induced by offers of the finest seats at Wimbledon, a race day at Ascot, or maybe a ski visit to St Moritz,” says Twomey.
Nowadays the stakes are already raised and c-asinos will stop at nothing to harpoon a whale and drag it straight back to the baccarat. Sydney’s Star Ca-sino recently got a new $10 million yacht for top-rollers to have the harbour with cocktails and canapes. They stay in a penthouse suite which comes having its own butler, and acquire driven around within a Bentley or Rolls.
Way back in 2005, Crown Melbourne ploughed $10 million into keeping one of its whales happy, but also in hindsight it was actually 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 the little over one year, throwing it away $300,000 a hand on the baccarat tables, until he is at the red for over $30 million.
Like a major whale, Kakavas was courted just like a superstar. Crown flew him overseas on holidays in their private Learjet, and in many cases left him gift boxes containing $50,000 to present him a kick start in the tables. In just one flurry, the compulsive ga-mbler lost $2.3 million in under 30 minutes.
And then in 2014 James Packer put his hand within his pocket for 3 luxurious Bombardier Jets for the tune of $US100 million, to ferry around his VIP Asian customers in fashion and luxury.
“They really do get spoilt rotten nevertheless the flip side is simply because they almost single-handedly float our hospitality industry some weeks,” admits Smith.
The video game of preference
It’s all a relative drop inside the ocean considering that in 2015-16, high-rollling gambl-ers wagered around $115 billion at Crown as well as the Star’s VIP tables. While bl-ackjack and the roulette wheel are generally popular choices with good rollers, it’s in the baccarat table how the really huge money is won and inevitably lost.
Baccarat became popular in 19th century France and continues to be this game of the whales. The important numbers resulted in highest returns, using the house needing an astronomic turnover to warrant the offering.
The overall game is fairly simple: Each hand dexmpky76 2 or 3 cards, with the nearest to nine the winner. Court cards count as zero and once a sum goes past nine the significance returns to zero.
So, for instance, a set of cards 4 and 8 has a value of 2 (not 12) while 6, 7 and 6 possess a price of 9 (a great score) not 19.
In 2000, the biggest whale in Australia’s history, Kerry Packer lost $33 million over a three-day period, playing baccarat at the Bellagio.