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Palms cuts Dana Whites play due to him winning.

Discussion in 'Misc. Vegas Chat' started by easy_money, Jun 2, 2014.

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  1. easy_money

    easy_money Low-Roller

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  2. MikeOPensacola

    MikeOPensacola VIP Whale

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    Wow. It wasn't too long ago that casinos would do just about anything to court that kind of action. What a bunch of pansies, do they expect his luck to continue forever? This makes absolutely zero sense from a gaming and PR perspective. It is absolutely amazing how short-sighted these hacks running some of these casinos are.
     
    Annual Summer Bliss in the Land of Milk and Honey!!!
  3. Jameezy

    Jameezy High-Roller

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    what a bunch of punks!!! All they have to do is look at the math. At some point he was gonna have to come back down to average. This is terrible from a pr stand point. Plus I thought Vegas casinos were begging for high rollers...........oh that's right.....only when they lose. I get it
     
  4. NCAAHoops

    NCAAHoops Low-Roller

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    How do hedge funds hedge in Vegas? Close the door to winners and open the open the average person line with $5.00 cash back
     
  5. Viva Las Vegas

    Viva Las Vegas Ramblin' Gamblin' Man

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    "Realistically, there’s only one place to play left in town. That’s Caesars. They will let you play what you want to play. No messing around with limits.”

    That's a pretty sad summary of what has happened to blackjack in Vegas since the 1990s.
     
  6. UKFanatic

    UKFanatic The Arbiter of Taste Caviar Kid

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    I think several properties still are. Just not the Palms
     
  7. mwig

    mwig High-Roller

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    No mention of counting cards which is why Ben Affleck was barred from playing BJ at Hard Rock. If he was playing standard games, this is unbelievable. I'm guessing he was just a high roller because card counters typically would not be willing to give up that much EV through tips.
     
  8. DeMoN2318

    DeMoN2318 The DERS

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    Gamblers fallacy in reverse right here...he is doing really well so he is over due to lose. If you play continuously then, yes...you are correct, but in bursts one could be on the positive side of variance and never have a losing session.

    Unlikely however


    Not so much the gambling profits they could potentially be missing out on, but the lose of UFC affiliation is the real negative for the palms here
     
  9. phade

    phade Low-Roller

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    I like how that had to put in there the blurb about whether he has a gambling problem.

    So, he won $2M in a short span. Alot of money, and one that probably made them put in the blurb. But, one has to look at what $2M means to him. I suspect White is rather wealthy with his UFC arrangements. I've read a bit into it and it appears that the financial backers he has have made his income/worth quite a bit as he's made them alot of money. The guy tips 10k on a 10k meal. People think that's alot to tip....they must be missing the 10k meal part of it. That's some pretty darn good food, I must say. Just being able to plop that down says something.
     
  10. aaisack

    aaisack High-Roller

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    Seems a little weird to me. If they suspect he's an advantage player then they would just ban him instead of reducing his limit right? Can they really not afford to risk a couple million when they have an edge?
     
    First time staying at the Flamingo
  11. DeMoN2318

    DeMoN2318 The DERS

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    They dont think he is an advantage player...

    he tips too much to be an advantage player
     
  12. Kickin

    Kickin Flea

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    You have to wonder how much more there is to this story, especially because all of the info is only coming out of White's camp. Makes sense that the Palms has nothing to gain by trying to give their side, especially when they do business with his organization.

    Remember, it was less than 2 years ago when the Palms cut his credit line in half. As far as I can tell they made no statement about why, the only statement about why came from one of White's friends who said it was because he would win too much. Sounds like bullshit to me, that's the type of thing you do when someone has a bad history of paying up on time. There was a rumor he was in debt to Wynn before that as well.

    Also I can forgive him for saying casinos are owned by hedge funds when he should say private equity funds but its silly for him to complain that they are now owned by "corporations". They've been owned by corporations for his entire life. He wasn't around for the mob owned days.

    And to say that Caesars is the only casino that would take his kind of action (upwards of 25k per hand) just reeks false to me. I obviously have no personal experience with that but I've read enough things on this board, in various articles, and seen things with my own eyes that its bullshit and a bunch of the nice casinos take that kind of action and much more. Heck, natedog plays more than that and Caesars hasn't even been in his rotation for a while.
     
  13. UKFanatic

    UKFanatic The Arbiter of Taste Caviar Kid

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    I assumed nobody took that quote seriously. I have personally observed high rollers betting more than $25k a hand at Bellagio, Aria, Wynn, MGM and Mandalay Bay. Caesars, too. I agree, there is more to this story than is being reported.
     
  14. Gofaster87

    Gofaster87 Low-Roller

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    Mgm takes that action daily. I personally witnessed $50-100k/hand in the mansion many times. When I was in the biz for a brief period of time I dealt with accounts that had upwards of $10 million of credit.
     
  15. Gofaster87

    Gofaster87 Low-Roller

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    I just read a majority of the comments on that article and have never seen so many anti-vegas people in one place
     
  16. easy_money

    easy_money Low-Roller

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    I thought the same thing as I mainly had more interest reading the comments than the article itself. I would assume or guess that most of those folks may not be gamblers.
     
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