You’d suppose it could possibly be simple to drop tens of hundreds of thousands of at a casino.
But extracting that kind of dough tends to require a fragile dance between casino, participant, and host: the actual individual charged with luring gamblers to guess big and lose big. It can include private jets, distinctive lodge suites, bottles of Cristal, Cuban cigars, and nearly one thing the gambler wants. It’s a super environment for squeezing out the massive losses that preserve casino chandeliers burning.
Last month, the Daily Mail reported that Hollywood mogul Ron Meyer dropped an estimated $100 million partly with the assistance of an Atlantic City casino VP who served as his host. Once Meyer exhausted his AC credit score rating — allegedly, between $5 million and $7 million per journey — the VP helicoptered him to Connecticut the place he was set as a lot as borrow an additional $3 to $5 million for casino play there.
Indeed, Meyer — who not too way back left his place as a result of the Vice Chairman of NBC Universal after admitting to an affair with actress Charlotte Kirke — seems most in merely getting access to the money.
“Most whales expect the world. If they lose they want more; if they win, they still want a lot,” one host who has handled Meyer knowledgeable The Post. “Ron is my nicest whale. He would bet $30,000 or $40,000 on a roll [at the craps table] and eat ham and eggs for breakfast. Win or lose, he was the same guy.”
Meyer’s story has put a spotlight on the world of “whales” — casino converse for the highest-stakes gamblers — and easily how far hosts will go to keep up them blissful.
A bunch at one of most important Las Vegas casino talked about satisfying a whale by wrangling a French bulldog with a selected eye coloration and monitoring down a hard-to-get purse for yet one more’s partner.
Hosts affirm they’re eager to go all out to pursue and preserve a client. Independent host Steve Cyr, the subject of “Whale Hunt in the Desert” (Huntington Press), admitted he as quickly as dumpster-dived to snag a competing casino’s mailing itemizing of extreme rollers.
“Back in the 1990s, I wanted a particular customer. I gave him $100,000 in promotional chips,” host,” Cyr knowledgeable The Post. “That was a good investment. Over the years, at just one casino with me, he lost 11 million.”
It’s a system designed to lure the rich and risk-loving into circumstances the place they’re mathematically disposed to lose. “There was one host who paid for Colombian hookers and drugs with his players’ comp dollars,” acknowledged a fellow host, referring to credit score to be used in the casino. “The six-figure players got prostitutes and cocaine. That worked great until the police found out.”
For some gamblers, traces of credit score ratings are each little factor. “When you have a gambling problem and somebody is giving you millions of dollars in credit, you will go anywhere for it,” a high-roller knowledgeable The Post. “The host’s job is to take every dollar from you. After they do, they don’t want to know you. They move to the next person. They’re not your friends.”
Of course, big casino-runs don’t close eternally. It’s alleged that hosts appeared the other strategy as Miami developer Peter Wei “blew tens of millions of dollars in a casino” sooner than he devoted suicide closing October, in line with an inside provide. “There should have been red flares,” acknowledged one different insider. “They should have stopped this guy.”
Omaha entrepreneur Terrance Watanabe put totally different losers to shame by dropping $189 million in 2007 at Caesars Palace and Rio casinos in Vegas. After he was left owing $14.7 million — and did not pay — the Clark County District Attorney’s Office charged him criminally.
According to Watanabe’s lawyer Pierce O’Donnell: “The casino plied him with Jewel of Russia Ultra vodka and kept giving him pain pills because he hurt himself in the shower. So he was doubly addicted. In one three-and-a-half-hour period at a slot machine, he lost $10 million.”
Criminal charges had been dismissed nevertheless Watanabe paid $500,000 in administrative fees to the DA’s office.
“He had the ultimate suite, unlimited credit, and escort services provided by the casino. There were private jets and limousines, and he was in a stupor,” acknowledged O’Donnell. “Terry was in a fog of enjoying.