Monday 6 October 2014

36 Casino Gambling Tips: Ivey's Baccarat Edge Sorting Case with Crockfords

REBLOG> 36 Casino Gambling Tips: Ivey's Baccarat Edge Sorting Case with Crockfords:
SavySeph's Original Blog

Professional Gambler's Tips

Three Tips from a Professional Gambler is base on quotes taken from Ivey versus Crockfords. Phil Ivey sued London casino Crockfords Club for denying him £7.7m which he won in 20-21 August 2012. The casino withheld the money on the grounds that Ivey cheated.

Ivey and Kelly

Edge Sorting

Ivey used a system known as edge sorting to win the money at the baccarat table. The casino claims that this method is not a legitimate strategy because it defeats the premise of the game to nullify the gaming contract.

Kelly Cheung

Cheung Yin Sun (Kelly) assisted Ivey to edge sort the cards by asking the dealer to turn the key cards for baccarat upside-down. The casino referred to Cheung as the unidentified woman.

Casino's Case Unsustainable

Justice Mitting was impressed by that professional conduct Ivey maintains that he said the casino's case was "plainly unsustainable". The case is still on going. At this juncture the case points favorably to Ivey.


My Comments

This case should conclude this week. I hope Ivey wins.

Saturday 4 October 2014

Non-smoking Policy Chokes Macau's Casino

Smoking Complements Gambling

The Ravel Casino in Atlantic City did not believe that smoking is a complimentary product for gambling. Macau is following this footstep to put test this consumer preference theory. Market Watch warns investors in their 3 Oct 2014 report that strict curbs on smoking laid out in a recent statement by Macau's government information bureau will have a negative impact on share prices for casinos in Macau.

The Streets of Macau

No Smoking Ruling

This recent announcement would completely ban all smoking in "mass areas," although some VIP lounges will still allow it. According to Barclays Research's latest forecasts the smoking rules are stricter than most economists had expected. Barclay initially interpreted the ruling to allow smoking at partitioned premium mass areas on the mass floor. "While previously we had expected just a low-to-mid-single-digit percentage impact to overall gross gaming revenue from the smoking ban (if premium mass areas can still smoke), we would now expect a higher mid-to-high-single-digit impact to overall Gross Gaming Revenue if smoking is not allowed in all premium mass areas as well," the firm said.

The Ravel Story

The Revel Casino opened in April 2012 and had struggled since it started operations. It started out by trying to achieve its niche market by branding itself as an upmarket resort-class casino. This posh concept of no smoking, expensive food and drinks did not appeal to the typical gambling crowd of Atlantic City. The $2.4 billion resort suffered badly from poor patronage. After operating for 10 months, it incurred a debt of $1.5 billion. It filed for bankruptcy on March 2013. In May 2013 the casino got out of bankruptcy by clearing the $1.2 billion debt in exchange for an 82% equity to its lenders. It is unfortunate that Macau had not learned from Ravel.

Wednesday 1 October 2014

Time Is a Thief: The Disappearing Thief of Las Vegas

REBLOG> Time Is a Thief: The Disappearing Thief of Las Vegas:
Amenda Steels' Original Blog

Unsolved Crime

Gambling Tales had a good collection of gambling stories. All the tales - such as, gambling addiction, violence in the casino, crimes against gambling outlets - were not mysterious. They were reported cases in which lawbreakers were brought to justice. This story about stealing from the casino published by 8 News Now on 27 Sep 2014 had an uncanny twist. It took place at the Stardust Hotel and Casino 22 years ago and the whereabouts of the thief remains unknown today.

Stardust Hotel and Casino

Bill Brennan

The thief was an employee of the casino named Bill Brennan. He worked for the casino as a sports book cashier. After being on the job for four years he decided it was time to leave. On Sep 22, 1992 Brennan simply walked away with $507,361 in cash and chips in the morning. He did not use force or violence. "It appears he left the casino without being filmed by the surveillance cameras," Metro Police Lt. Joe Greenwood said in an interview in 1992.

Bill Brennan

Brennan's Character

Race and sports writer for "Gaming Today," Richard Saber said, "He was basically a total complete loner. He lived alone with his cat." Saber was former sports book manager at the Stardust when Brennan worked there. Judy Pope, manager of Brennan's apartment said during a 1992 interview that he was "just a nice kid, that's all." When police got to the apartment, Brennan and his cat was long gone. "They never found a trace of Bill Brennan anywhere. Never a trace," Saber said.

Bad Company

Hanging around with the wrong company could be the reason this "nice kid" undergone a change of character. Brennan was known to be hanging out with a big bettor. "This was a bettor that we didn't trust. He was a shady character. He disappeared from the face of the earth too just a few months after Bill had gone," Saber said. Scotty Schettler, who hired Brennan during the boom years, said, "He got influenced by outside sources, and his attitude changed, and he wanted desperately to be a supervisor, but with his change in attitude, I couldn't put him in charge of all that money."

Tracking Brennan

Being on the FBI's most wanted fugitive list never turned up leads. Authorities said they never saw any sign of Brennan show up in his native Pennsylvania. Metro Police Sgt. John Sheahan said if new leads come in this cold case could be reopened. Perhaps after 22 years someone knows something and Crime Stoppers is taking tips. "Nowadays, we're able to track someone with their cell phone down to within feet of where they're standing," Sheahan said.


My Comments

If he had spend the money lavishly, there is a good chance of tracking him.

Light and Easy: Casino Regulators Ruled Unshuffled Cards in Mini-baccarat...

REBLOG> Light and Easy Talk: Casino Regulators Ruled Unshuffled Cards in Mini-baccarat Legal:
Veronica Glowsome's Original Blog

Golden Nugget Casino

An unshuffled card game for mini-baccarat at the Golden Nugget Atlantic City on 30 April 2012 was ruled illegal under state casino rules because the cards had been unshuffled. Superior Court judge James Isman had vindicated the Golden Nugget in his ruling on 14 June 2014. It should be noted that the New Jersey's Division of Gaming Enforcement fined the casino for the unshuffled cards.

The Incident

Gamblers capitalized on the unshuffled cards by increasing their bets from $10 to $5,000 per hand after seeing the same sequence of cards being dealt over and over again. Gamblers rode on a forty-one consecutive winning streak on this day. They were surrounded by casino security that was eager to find evidence to show that they were cheating. The security personnel was unable to spot the unshuffled cards because they were all focused on the wrong thing.

Golden Nugget owner Tilman Fertitta

New Jersey's Consistency

The New Jersey casino regulators recently ruled that the game in which gamblers won $1.5 million did not violate any rules or laws, the Associated Press reported on 24 Sep 2014. The consistency with the New Jersey casino regulators and the Division of Gaming Enforcement should be applauded.

Timely Ruling

The call by the New Jersey case had been timely as the case had been reinstated the CBS Philly reported on 4 Sep 2014. Isman recently retired and a different judge granted a motion to reconsider the decision. Judge Allen Littlefield said that the gamblers can continue the discovery process and argue their case at trial this fall.


My Comments

Isman come across as a crooked judge to me.

Carpe Diem: Seize the Day: States Use Gambling to Save Economy

REBLOG> Carpe Diem: Seize the Day: States Use Gambling to Save Economy:
Phil Andows' Original Blog

Gambling Addiction

Policymakers in USA is starting to see gambling as a panacea to be the cure for all economic ills but gambling addiction it the ugly side of the coin. USA Today is in the view that gambling states are addicted to easy money in its report dated 25 Sep 2014. The Editorial Board cited New Jersey are the prime example of the worst offenders in the world of gambling. "They are both addicts and pushers. They throw temper tantrums and upset settled policy when their fix of gambling revenue runs low."

anti-gambling protest, picture USA Today.

Save the Economy

New Jersey began offering online gambling last year to bring in more tax revenue as Atlantic City casino revenue took a sharp dive. Since the revenue from the online gambling was not much of a help, the state will come up with more gambling products. Governor Chris Christie has given the green light for casinos and racetracks to offer sports betting. A federal judge will hear Christie's argument on Oct 6 as a 1992 federal law banned the practice in all but four states where it previously existed.

Gambling Expanded Widely

The good days are gone. Christie can't expect gambling to be the savior. New Jersey is no longer the gambling mecca of the East Coast. Adjoining states - Maryland, Pennsylvania, New York and Delaware - have all opened casinos recently. As of 2012, America had 513 state-licensed casinos, plus 466 on tribal lands. With more players, it is obviously going to be less share for the same pie.

Gambling Destroys Lives

There is a deadly social cost for gambling. Compulsive gambling habits from 1% to 2% of gamblers are known to destroy lives. People lose their jobs, families and self-confidence due to heavy losses. A study done by Baylor University in 2011 estimated the cost of gambling ill at $9,393 per compulsive gambler per year. The state should explore alternatives instead of always relying on gambling to bail them out.


Veronica Glowsome Commented

It is like a gambit in chess. A small piece is sacrificed to gain advantage. The gambit here is 1% to 2% of gamblers who will turn into rotten gamblers.

My Comments

To optimizing grievances, the government must see all scenarios.