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« Ludicrous Speed Billionaires | Main | Out-bound Record-level Accountability in Information Sharing Systems »

December 16, 2007

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Don - Needs Slot Machine Tips

Can I add?

Las Vegas problem scenario
An individual barred by gaming regulators from transacting with casinos has just enrolled in your slot club, using a slightly different name and a date of birth in which the month and day are transposed. He’s now playing in your casino, which places your gaming license at risk. How
would you know?

Kyla Reed

Excellent post (as usual here...).

You are mentioning high rollers a few times. Can I expand on it a little?

A high roller, also referred to as a whale in the casino industry, is a gambler that wagers large amounts of money. Because of potential windfall these high sums can bring to the casinos, high rollers often receive increasingly lavish "perks" from casinos to lure them onto the gambling floors, such as free private jet transfers, free limousine use and free use of the casinos best suites.

These players often have tables with very high table limits that can shut out almost all other players, allowing the whale exclusive use of a table.

High rollers are said to provide only a small fraction of casino "action." John Eidsmoe, in his book Legalized Gambling: America's Bad Bet, claims that it is actually gamblers from the lower and lower-middle classes in the United States that provide much of the gambling money. "The occasional wealthly 'high roller' does indeed exist, but he is the exception, not the standard. The fact that more than 50% of Nevada's gambling income comes from slot machines as opposed to the card tables should be an indication high rollers are not the main source of revenue."

While high rollers may not provide a significant portion of the revenues in the Casino Industry as a whole as stated above, for the casinos who go after them, they have a major effect on their yearly revenue streams. There are also significant costs associated with attracting the highest stakes gamblers, therefore if a casino takes this chance and the whale wins, it can cause major financial problems for the casino. On the reverse side if the casino's investment pays off and the high roller loses on his visit, the casino can experience significant revenue gains for the year. .

Keith - Las Vegas

I had to read this bit twice "sporting a bandana" ..... as I was wondering who'd wear a banana!!!

2009 Is a great year to visit Vegas, already been 4 times from the UK this year, as they are basically giving flights and hotels away. Going back in October.

I'm actually a full-time pro-gamber but go to Vegas for a break from it!! I only spend about 3 days out of the 2 weeks at the poker tables, and being a sarcastic sod it is easy to wind the tourists up so they make mistakes.

Jenna Collins

Vegas is still a great place to visit but unfortunately over the recent years 2010 and 2011 since the downturn of the U.S economy it just does not have the glamour and glitz it used to.

Gone are the days of those wonderfull prime rib and lobster buffets which atracted a lot of heavy hitters that where not afraid to spend but not anymore.

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