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]
Step Inside A Newly Designed High Roller Penthouse At The Cosmopolitan Of Las Vegas With Daun Curry. Photo Credit: Emily Gilbert Photography. Define high roller. High roller synonyms, high roller pronunciation, high roller translation, English dictionary definition of high roller. One who spends freely and extravagantly, as for luxuries or entertainment. One who gambles rashly or for high stakes. An organization. The fact that this high roller's suite comes with its own private rooftop pool should be enough of a reason to include it on this list. Emperor Suite (Mandarin Oriental, Las Vegas) For those with a flair for the modern, this opulent 3,000 square foot suite is done in black and white colors and comes complete with a private fitness.
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]
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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]
A casino game. 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.
Worst casino games. 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. Bitcoin casino us.
Subscribe & join the evolution!⏩Learn The 5 Best Roulette Methods Here For The First & Best Crypt.
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]
A casino game. 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.
Worst casino games. 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. Bitcoin casino us.
References[edit]
- ^ 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.
What Is A High Roller Gambler
External links[edit]
- The dictionary definition of high roller at Wiktionary
Who is a High roller? Now that is a million dollar question the answer to which is a list of billionaires. That's correct. High rollers or 'whales' are multi-millionaires who ride high on the gambling wave, sweeping clean casino tables and washing over fortunes aplenty. They receive everything from lavish casino welcomes like private parking areas, limousine services, personal hostesses, and private gambling rooms to VIP show tickets, the most luxurious penthouse suites, the best tables at the finest restaurants and sometimes chartered planes as well (not that they need any of this, not with their lifestyles). So, lets take a look at the top three whose money attracts all this, besides even more money.
While there are known to be between 150-500 whales around the world with 80% being Asians, these three make the crème de la crème of the high rolling cake.
3. The Sultan of Brunei
Once crowned the world's richest man, the Sultan is truly a Sultan of high spending. He owns a fleet of over 7,000 high performance vehicles worth more than $5 billion including 600 Rolls Royce cars and over 300 Ferraris, no surprise since his current asset evaluation stands at $40 billion. The world's richest royal also owns some of the most luxuriously customized private jets and is known to have placed $250,000 chips all over a roulette table at a Vegas casino, on each spin.
2. Adnan Khashoggi
The man ruled the 80's and the arms dealing scene, brokering sales to fellow Saudis. But what Adnan Khashoggi still holds is the second highest spot on the world's whale list. His net worth was estimated as $4 billion at one point. The scandalous Saudi Arabian multibillionaire plays Blackjack and Baccarat and his notoriety has extended to single-handedly sinking the profits in quarterly earnings of Hilton International by 19%. That would explain how the man could admittedly spend $500,000 on prostitutes in a single year among several other extravagant indulgences.
What's A High Roller
1. Kerry Packer
Business baron Kerry Packer has been touted casino king of all time, all thanks to his high handed $450,000 a Blackjack hand perhaps. The larger-than-life gambler played for forty years at the higher stakes throwing bets up to $375,000 a hand while playing seven blackjack hands at a time. He is said to have gambled through $28 million in London once besides winning a whopping $33 million in Vegas. The media mogul was worth $4.5 billion and one of richest men in Australia.
Other whales worth of mention would be Mexican businessman Kamel Nacif, Hustler founder Larry Flynt, Baccarat icon Akio Kashiwagi, Anglo-French billionaire Jimmy Goldsmith, 'Fat Man' Fouad al-Zayat, Malaysian tycoons Tan Sri Lim Kok Thay and Quek family members, Indonesia's Putera Sampoerna, former basket ball champ Charles Barkley, Hollywood hunk Bruce Willis, retired American Hall of Fame professional Dennis Rodman and controversial sports icon Tiger Woods, among others.
