Aside from dropping the big bucks on the table whenever and wherever they can, winning and losing big, high rollers also go through something that very few people experience-VIP casino treatment. Some of us have had a free buffet thrown at us or gotten a fancy night’s stay at the hotel. What else is there? If you are willing to learn more about online casino gambling, you’ll find it here. Let’s find out below.
The sort of compensation high-rollers receive depends on the kind of casino they’re at. Each casino has their own high rollers club that offers specific kinds of services. Some offer fun and complimentary services, entertainment facilities like bowling areas, free rooms, complimentary food and drink, gourmet meals, private services from famous chefs, limousines, luxury suites, front row seats to the biggest shows, private jet services and more.
-A line of credit
Because high rollers don’t want to walk around with a million dollars in their pocket, casinos offer them a line of credit. Players will feel more comfortable playing at casinos that offer them this option, however, it makes it easy for whales to end up owing casinos so much in debt. This has happened several times with some taking years to clear the debt, some ending up dead before they can do so and some end up never paying the debt.
This means casinos need to protect themselves by having backup allowances just in case something like that ever happens. Sands Casino in Vegas apparently set aside $492 million in 2012. Caesar’s Entertainment Corp had a $200 million allowance at a point and Wynn and MGM Resorts about $100 million allowances.
What happens when a high-roller has a debt?
Most times the casino orders them to pay and just waits for them to do so. Casinos treat high rollers as their friends. However, this wasn’t always so. In the 2007 Terrance Watanabe incident, Caesar’s Palace was blamed for taking advantage of the high roller’s gambling addiction. The casino staff apparently drugged him with painkillers and alcohol to keep him gambling. When he went broke they sued him with the hopes of recovering the debt.
THE WORLD OF GAMBLING – ONLINE VS TRADITIONAL
Most high-rollers with debts usually pay up, but this wasn’t the case with Akio Kashiwagi. He was a Japanese businessman who loved to gamble and so Trump invited him to sample one of his casinos in Atlantic City. Kashiwagi lost 10 million dollars in a weekend and left having not cleared his debt which was just another one on a pile of uncleared debts. In the end, some say it got to him because he was found murdered- stabbed 150 times with a samurai sword.
In the end casinos really do want the best for their whales, but they also look after their own interests too. Before offering a high roller a line of credit, casinos make sure to investigate the player and also watch his movements within the casino. After signing you on they want to make sure that you genuinely love to gamble and aren’t just another millionaire looking for free comps.