These astronomical perks are only par for that course with regards to ‘duchessing’ the top rolling ‘whales’ of the gambli-ng world that can bet approximately $300,000 a hand.
The concept 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 because they are known in the business, with seven-figure lines of credit and assist these with applying for Australian visas to come to Australia to ga-mble.
Anna Smith*, worked being a VIP services manager, caring for high rollers for any major c-asino. It was actually Smith’s job to ensure the whales were well looked after.
“My goal was to be certain they stayed make the city where cas-ino was located,” she says.
“They had use of free activities, VIP tickets to shows and special occasions, a choice of private parties, and the opportunity meet and greet celebrities that nobody could possibly get near.
“The casin-o could flex its muscles and obtain them whatever they wanted, just if they extended their stay and continued to ga-mble.”
The duchessing of whales has become occurring for a long time. In the late 1970s Brian Twomey was the marketing manager for exclusive London casi-no Crockfords.
Found in Mayfair, it had been (and stays) the type of place where 007 would have felt at home, a gaming house that had been a world out of the tacky glitz of Australia’s poke-r machine dens.
“Our high rollers were induced by offers of the greatest 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 straight back to the baccarat. Sydney’s Star Ca-sino recently purchased a $ten million yacht for high-rollers to discover the harbour with cocktails and canapes. They remain in a penthouse suite which will come using its own butler, and obtain driven around within a Bentley or Rolls.
Back 2005, Crown Melbourne ploughed $ten million into keeping one of its whales happy, however in hindsight it absolutely was 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 1 year, throwing it away $300,000 a hand around the baccarat tables, until he is in the red for longer than $30 million.
Being a major whale, Kakavas was courted such as a superstar. Crown flew him overseas on holidays inside their private Learjet, and even left him gift boxes containing $50,000 to present him a kick start at the tables. In one flurry, the compulsive ga-mbler lost $2.3 million in less than a half-hour.
As well as in 2014 James Packer put his hand within his pocket for three luxurious Bombardier Jets on the tune of $US100 million, to ferry around his VIP Asian customers in design and luxury.
“They really do get spoilt rotten however the flip side is that they almost single-handedly float our hospitality industry some weeks,” admits Smith.
The overall game of preference
It’s all a relative drop inside the ocean if you think about 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 are both popular choices rich in rollers, it’s on the baccarat table how the really huge cash is won and inevitably lost.
Baccarat became popular in 1800s France and is still the overall game of the whales. The large numbers result in the highest returns, with the house needing an astronomic turnover to warrant the offering.
The overall game is pretty simple: Each hand dexmpky76 two or three cards, with the nearest to nine the winner. Court cards count as zero and when a sum goes beyond nine the significance returns to zero.
So, by way of example, a set of cards 4 and 8 has a value of 2 (not 12) while 6, 7 and 6 use a value of 9 (the perfect score) not 19.
In 2000, the biggest whale in Australia’s history, Kerry Packer lost $33 million across a three-day period, playing baccarat on the Bellagio.