Famous Casino Whales
In high stakes gambling, there are two terms which you should understand:”whale” and “high roller”. Generally, it’s assumed that a high roller is someone with a gambling budget of $100,000 to $1M for a regular 3-day weekend visit to the casino.
Famous Casino Whales, casino golden palace empleos, salamanca casino bingo schedule, poker check fold definition FREE SLOTS permanent Wager: 35x Min deposit: $/€/AU$ 30 Max cashout: $/€/AU$ 100. This is a list of individual cetaceans from real life or fiction, arranged roughly taxonomically. Cetacea includes the animals commonly known as whales, dolphins, and porpoises.Fictional individuals are indicated by their source. Every casino that makes it to our Famous Casino Whales list is synonymous with fair play, integrity, reliability, and security. Each of them have the following Famous Casino Whales in common. Licensed and regulated in reputable jurisdictions. Powered by some of the best online casino software providers.
The latter is a perk reserved for the biggest whales. Harry Kakavas, who became famous for losing $1.5 billion, used to receive private jet transportation to and from casinos. But you don’t have to bet billions of dollars just to get a private jet. Gambling venues are willing to provide this service if.
The casino will consider you a whale if you begin to get over the $1M bankroll mark. Whales have a normal budget of $1M to $20M and could easily be up or down millions in a weekend. Their bets are usually more than $25,000 per hand and take delight in the very best freebies, comps, and other perks from the casino.
Approximately, there are probably less than 200 mega whales, whose bankroll is more than $10M, throughout the world. That’s why many casinos are aggressively competing to win this market segment to achieve a large effect on their profits every quarter. Below we’ve compiled a list of the biggest whales of all time.
List of Well Known Las Vegas High Rollers
Adnan Khashoggi
Adnan is the son of the personal physician to the Saudi King and a global arms dealer. In the 1980s, he has spent more than £12M in the Ritz Casino in London. He’s known to spend long amounts of time playing on the casinos in London. He mainly played Baccarat during his gambling sprees.
Archie Karas
When he arrived in Las Vegas, Archie had only $50 in his pocket. He somehow managed to run this up to more than $40m before losing it all. His fascination with Craps allowed him to make a huge run, though he’s an ardent poker player. He had made multiple visits to casinos in Las Vegas until to this day.
Akio Kashiwagi
Akio is perhaps the largest gambler to ever visit Las Vegas during the 1970s-1980s. He was a brave Baccarat player that won’t hesitate to spend $100,000 to $200,00 per hand during his sessions. In 1992, he was found murdered in his house in Japan and his death was linked to organized crime.
Charles Barkley
Former NBA star Charles Barkley is a self-professed gambler who loves to play Blackjack. Throughout his gambling career, he lost close to $30m. He usually stays on the main open floor of the Wynn Casino and allows people to watch him play.
Famous Casino Cities
“Sir Charles” opens up about his gambling.
Don Johnson
Don became popular after the media reported on how he won close to $15M from two different casinos. It became apparent that the casinos made a mistake and provided Don a comp plan that essentially flipped the house edge to his advantage. This unexpected luck allowed him to collect large winnings playing blackjack.
Fouad al-Zayat
Known as “The Fat Man” Fouad is estimated to have lost more than $42M on his 12-year gambling spree. This Syrian businessman had visited some of the top casinos in London for more than 600 times during his gambling spree. One casino sued him for bouncing a checks for millions in gambling debt- according to him he’s stopped now.
Kamel Nacif
Nacif is a prominent businessman in the textile business in Mexico and he’s known to take trips to Las Vegas many times every year. As with most whales, he mainly plays Baccarat, wagering as high as $200,000 per hand. He’s famous for his hair-trigger temper every time his luck turns out bad during his sessions.
Kerry Packer
Packer is an Australian business magnate and known to be one of the most fearless gamblers of all time. He’s not afraid to risk tens of millions on each session he played. He won a lot and his estimated winnings reached $9m from Hilton Las Vegas in 1992. It’s also rumored that he won $33m on this particular session at MGM.
Larry Flynt
Founder of Hustler adult magazine, Larry is a frequent visitor to Las Vegas for decades. His main game is Blackjack and risks up to $50,000 per hand in every session. He moved to Hard Rock and other hotels when new hosts of Las Vegas Hilton courted his action with generous comps.
Mo Chan
Mr. Chan went on a notorious run in Australian casinos amassing $10M from the table playing Baccarat at $300,000 to $500,000 per hand. This Chinese native high roller apparently had a falling out with the casino when they restricted his game and he promised never to come back.
Phil Ivey
Phil Ivey is the personification of a true gambler and possibly, the best poker player of all-time. He’s known to take “crap tours” worldwide where he visits more than five casinos in various places. He gambles more than $100,000 per roll on the craps table and is said to play Baccarat up to $200,000 per hand.
Phil Ivey video on beating casino for $30 million!
Ramon DeSage
Ramon DeSage is perhaps one of the most prominent gamblers of all time to ever visit the Strip. This very famous whale was charged in a Fraud scheme by the US Government. From the money he obtained from his frauds, he wagered and lost almost $175M in different Las Vegas casinos.
Sultan Of Brunei
This monarch is known to be a passionate gambler in London and Las Vegas. He’s known to lose $1M daily inside casinos. He mainly played Baccarat and go on secret trips where he would spend a long time playing at the tables and enjoying all the comps given by the casinos.
So where do these big dogs play? While some are discreet, others enjoy these high limit Vegas card rooms. You never know who you will run into in Sin City.
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A high roller, also referred to as a whale or cheetah, is a gambler who consistently wagers large amounts of money. High rollers often receive lavish 'comps' from casinos to lure them onto the gambling floors, such as free private jet transfers, limousine use and use of the casinos' best suites. Casinos may also extend credit to a player to continue betting,[1] offer rebates on betting turnover or losses,[2] and salaries of employees may also contain incentive arrangements to bring in high rollers.[3]
The definition of a high roller varies. At Crown Casino in Australia, for example, it involves bringing between AUD$50,000 and $75,000 to the table.[4] High roller players often have very high table limits allowing the high roller exclusive use. Casinos compete on bet limits. In Australia limits of AUD$300,000 are common, in Las Vegas they are between US$150,000 and $300,000, and in Macau they are up to US$500,000. Only casinos with 'substantial financial firepower' can accommodate high-stakes gambling due to the volatility of results.[2]
High rollers may also be subject to exceptions from various rules and regulations; for example the high roller rooms at Crown Casino in Melbourne, Australia are the only licensed venue in the state not subject to a ban on smoking.[5]
Famous Casino Whales Pictures
High rollers are said to provide only a small fraction of casino business. 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 wealthy '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.'[6]
One example of a high roller is an Australian man who turned over more than AUD$1.5 billion in a 14-month period from 2005, becoming 'one of Crown's largest Australian players but not in the same league as [its] top international players'.[3] There have been many cases around the world where high rollers have committed fraud to provide funds for gambling beyond their means, after becoming seduced by the lifestyle.[1][7][8] This was the case with famed gambler Terrance Watanabe who reputedly lost over $220M in Las Vegas over a 5-year period, and was ultimately sued by Caesars Entertainment for failing to pay up on markers he took out during the binge totaling $14.75M.[9]
While high rollers may not provide a significant portion of the revenues in the casino industry as a whole, they can have a major effect on the net income of casinos that cater to them. There are significant costs associated with attracting the highest-stakes gamblers, so if a casino takes this risk and the high roller wins, the casino's expenses can be extremely large. Likewise, if the casino's investment pays off and the high roller loses, the casino's gain can far exceed its expenses for the high roller's visit.
Related to high rollers are low rollers. These are people who do not wager large amounts of money, but are nonetheless knowledgeable about gambling and enthusiastically participate in casino programs such as comps and loyalty programs. 'Low roller' may also refer to average casino patrons who are not high rollers.
References[edit]
Famous Casinos In Las Vegas
- ^ abRichard C. Paddock (February 15, 2009). 'Debt finally topples a Las Vegas high roller'. Los Angeles Times. articles.latimes.com.
- ^ abKate Hagan (June 4, 2009). 'Crown defends high-roller enticements'. The Age. theage.com.au.
- ^ abMichael Warner (June 5, 2009). 'Court told of concealed gambling by Crown Casino'. Herald Sun. www.news.com.au. Archived from the original on June 7, 2009.
- ^Muriel Reddy (October 5, 2003). 'Betting $330,000 on the turn of a card - National - www.theage.com.au'. The Age. www.theage.com.au.
- ^Michael Warner (May 16, 2009). 'Second high-roller deal for Crown casino'. Herald Sun. www.news.com.au. Retrieved November 1, 2012.
- ^Eidsmoe, John Legalized Gambling; America's Bad Bet, 1994
- ^Anson Cameron (June 7, 2009). 'High-stakes gamblers and the luck delusion'. The Age. theage.com.au.
- ^Chee Chee Leung (August 28, 2004). 'Casino glamor seduced lonely man into $1m fraud'. The Age. theage.com.au.
- ^Vegas Guy (May 15, 2015). 'Casino whale stories and profiles of biggest high rollers'. Vegas Guy. www.vegasguy.com. Retrieved April 22, 2016.
External links[edit]
Famous Casino Names
- The dictionary definition of high roller at Wiktionary