These astronomical perks are just par for that course in relation to ‘duchessing’ the high rolling ‘whales’ from the gambli-ng world who can bet as much as $300,000 a hand.
The technique of duchessing stumbled on a head this week when 18 Crown employees were arrested in China for organising gam-bling activities for Chinese Nationals overseas.
Sources revealed the staff are acknowledged to tempt high rollers, or whales since they are known in the business, with seven-figure lines of credit and assist them with obtaining Australian visas to visit Australia to ga-mble.
Anna Smith*, worked like a VIP services manager, taking care of high rollers for the major c-asino. It had been Smith’s job to ensure the whales were well looked after.
“My goal was to make sure they stayed put in the city where cas-ino was located,” she says.
“They had access to free activities, VIP tickets to shows and special attractions, a selection of private parties, and the ability to meet and greet celebrities that nobody else could possibly get near.
“The casin-o could flex its muscles and obtain them whatever they wanted, just as long as they extended their stay and continued to ga-mble.”
The duchessing of whales has become happening for a long time. Within the late 1970s Brian Twomey was the marketing manager for exclusive London casi-no Crockfords.
Located in Mayfair, it was actually (and stays) the kind of place where 007 might have felt at home, a gaming house which had been a world away from the tacky glitz of Australia’s poke-r machine dens.
“Our high rollers were induced by offers of the best seats at Wimbledon, a race day at Ascot, or maybe a ski trip to St Moritz,” says Twomey.
Nowadays the stakes have already been raised and c-asinos will stop at nothing to harpoon a whale and drag it returning to the baccarat. Sydney’s Star Ca-sino recently got a new $10 million yacht for high-rollers to have the harbour with cocktails and canapes. They be in a penthouse suite which comes using its own butler, and get driven around in the Bentley or Rolls.
Back 2005, Crown Melbourne ploughed $ten million into keeping one among its whales happy, however in hindsight it was actually a profitable little earner for casin-o.
The whale, Harry Kakavas, a genuine-estate salesman who made his fortune flogging houses in the Gold Coast, gam-bled $1.5 billion inside a little over twelve months, throwing it away $300,000 a hand in the baccarat tables, until he was in the red for over $30 million.
Like a major whale, Kakavas was courted such as a superstar. Crown flew him overseas on holidays with their private Learjet, and even left him gift boxes containing $50,000 to offer him a jump start in the tables. In a flurry, the compulsive ga-mbler lost $2.3 million within thirty minutes.
And then in 2014 James Packer put his hand in their pocket for three luxurious Bombardier Jets for the tune of $US100 million, to ferry around his VIP Asian customers in fashion and comfort.
“They really get spoilt rotten however the flip side is simply because they almost single-handedly float our hospitality industry some weeks,” admits Smith.
This game of choice
It’s all a relative drop within the ocean considering that in 2015-16, high-rollling gambl-ers wagered around $115 billion at Crown along with the Star’s VIP tables. While bl-ackjack and the roulette wheel both are popular choices with high rollers, it’s on the baccarat table how the really huge cash is won and inevitably lost.
Baccarat became popular in nineteenth century France and remains the game in the whales. The big numbers resulted in highest returns, with the house needing an astronomic turnover to warrant the offering.
The overall game is pretty simple: Each hand dexmpky76 several cards, together with the nearest to nine the winner. Court cards count as zero and whenever a sum goes beyond nine the worth returns to zero.
So, for instance, a pair of cards 4 and 8 features a price of 2 (not 12) while 6, 7 and 6 have a price of 9 (a great score) not 19.
In 2000, the greatest whale in Australia’s history, Kerry Packer lost $33 million across a three-day period, playing baccarat on the Bellagio.