These astronomical perks are merely par for the course in terms of ‘duchessing’ the high rolling ‘whales’ of your gambli-ng world that can bet up to $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 employees are known to tempt high rollers, or whales as they are known in the industry, with seven-figure lines of credit and assist them obtaining Australian visas to visit Australia to ga-mble.
Anna Smith*, worked as being a VIP services manager, taking good care of high rollers to get a 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.
“That they had entry to free activities, VIP tickets to shows and special attractions, 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 have them whatever they wanted, just if they extended their stay and continued to ga-mble.”
The duchessing of whales has become going on for several years. In the late 1970s Brian Twomey was the marketing manager for exclusive London casi-no Crockfords.
Located within Mayfair, it was actually (and remains) the level of place where James Bond might have felt in your house, a gaming house that had been a world from 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 perhaps a ski trip to St Moritz,” says Twomey.
Nowadays the stakes have already been raised and c-asinos will stop at absolutely nothing to harpoon a whale and drag it straight back to the baccarat. Sydney’s Star Ca-sino recently purchased a $10 million yacht for top-rollers to experience the harbour with cocktails and canapes. They stay in a penthouse suite which will come having its own butler, and have driven around inside a Bentley or Rolls.
In 2005, Crown Melbourne ploughed $10 million into keeping among its whales happy, however in hindsight it had been a profitable little earner for casin-o.
The whale, Harry Kakavas, a genuine-estate salesman who made his fortune flogging houses around the Gold Coast, gam-bled $1.5 billion inside a little over 12 months, throwing it away $300,000 a hand in the baccarat tables, until he was in the red for over $30 million.
As a major whale, Kakavas was courted like a superstar. Crown flew him overseas on holidays in their private Learjet, as well as left him gift boxes containing $50,000 to provide him a jump start in the tables. In just one flurry, the compulsive ga-mbler lost $2.3 million in under 30 minutes.
And also in 2014 James Packer put his hand within his pocket for 3 luxurious Bombardier Jets to the tune of $US100 million, to ferry around his VIP Asian customers in fashion and comfort.
“They do get spoilt rotten although the flip side is because they almost single-handedly float our hospitality industry some weeks,” admits Smith.
The overall game of choice
It’s all a relative drop in the ocean when you consider that in 2015-16, high-rollling gambl-ers wagered around $115 billion at Crown and also the Star’s VIP tables. While bl-ackjack and also the roulette wheel are generally popular choices with good rollers, it’s at the baccarat table that this really huge money is won and inevitably lost.
Baccarat became popular in 19th century France and has become this game in the whales. The large numbers result in the highest returns, together with the house needing an astronomic turnover to warrant the offering.
The game is quite simple: Each hand dexmpky76 a couple of cards, with all the nearest to nine the winner. Court cards count as zero and whenever a sum goes past nine the value returns to zero.
So, for instance, some cards 4 and 8 includes a worth of 2 (not 12) while 6, 7 and 6 use a worth of 9 (the perfect score) not 19.
In 2000, the largest whale in Australia’s history, Kerry Packer lost $33 million more than a three-day period, playing baccarat at the Bellagio.