This is the largest Ferris wheel in the world at 550 rotating observation Tower it takes about 30 minutes, each pod can fit 40 people its huge inside with music,videos.At nite is the best you can see. Highly recommend this ride to anyone visiting vegas AND do the Half Happy Hour! 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. The Hardwood Suite (The Palms, Las Vegas) There will be absolutely no doubt that you've achieved.
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]
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]
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]
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.
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.
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.
External links[edit]
- The dictionary definition of high roller at Wiktionary
Table Of Contents
What Is A High Roller View In Vegas
Poker action picked up in Las Vegas over the weekend with a trio of ARIA $10,000 High Roller tournaments.
The rake-free — for those registering on time — tournaments took place on Thursday, Friday and Saturday of last week and awarded $770,000 in prizes. Three different winners emerged in Dan Smith, Cary Katz and Christopher Brewer as the prize money was distributed across a pretty wide selection of players.
Dan Smith Wins $136,000
The first event of the series turned out to be the biggest of the bunch as 34 entries were logged on Thursday for a prize pool of $340,000.
After Jake Daniels busted for a min-cash in fifth, earning $27,200, it came to four players very familiar with each other from battling in pretty much all of the high-stakes tournaments around the globe: Smith, Alex Foxen, Sean Winter and Ali Imsirovic. The latter two would bust before heads-up play.
Foxen has been having his share of success locally in Vegas of late, but he'd have to settle for second this time when Smith outdueled him to grab the $136K.
| Place | Player | Hometown | Prize |
|---|---|---|---|
| 1 | Dan Smith | Las Vegas, Nevada | $136,000 |
| 2 | Alex Foxen | Huntington, New York | $88,400 |
| 3 | Ali Imsirovic | Vancouver, Washington | $54,400 |
| 4 | Sean Winter | Jacksonville, Florida | $34,000 |
| 5 | Jake Daniels | The Woodlands, Texas | $27,200 |
Cary Katz and Sean Winter Chop
Friday would see a drop to 22 entries for a $220,000 prize pool, and only the top four would share it this time.
A pair of repeat cashers followed up Thursday's success with more of the same, one being Daniels, who followed Brock Wilson's min-cash of $22,000 by nabbing $35,200 of his own for fourth place.
The other would be Winter, who found himself heads up with Katz. The Poker Central found and the traveling pro wound up striking a deal for the remaining $162,800, splitting that dough nearly evenly — $80,000 for Winter and $82,800 for Katz, the nominal champ.
| Place | Player | Hometown | Prize |
|---|---|---|---|
| 1 | Cary Katz | Las Vegas, Nevada | $82,800 |
| 2 | Sean Winter | Jacksonville, Florida | $80,000 |
| 3 | Jake Daniels | The Woodlands, Texas | $35,200 |
| 4 | Brock Wilson | Ardsley, New York | $22,000 |
/GettyImages-AB11023-7fa9cfef954847bfbf9854a937e54745.jpg "Biggest high rollers in vegas")
Christopher Brewer Earns $113K
The number of entries dropped ever so slightly to 21 for the Saturday finale, and the $210,000 would be split among three players this time.
Again, two of those were repeat winners as Wilson doubled up his min-cashing ways, but this one was for a more lucrative $33,600 thanks to the cut from four paid places.
Imsirovic also made it to payouts again, this time banking $63,000 for a runner-up finish.
That only left Brewer atop the mountain, and he got $113,400, the second-biggest payout of the series, to wrap things up.
| Place | Player | Hometown | Prize |
|---|---|---|---|
| 1 | Christopher Brewer | Vista, California | $113,400 |
| 2 | Ali Imsirovic | Vancouver, Washington | $63,000 |
| 3 | Brock Wilson | Ardsley, New York | $33,600 |
Cary Katz and Sean Winter Chop
Friday would see a drop to 22 entries for a $220,000 prize pool, and only the top four would share it this time.
A pair of repeat cashers followed up Thursday's success with more of the same, one being Daniels, who followed Brock Wilson's min-cash of $22,000 by nabbing $35,200 of his own for fourth place.
The other would be Winter, who found himself heads up with Katz. The Poker Central found and the traveling pro wound up striking a deal for the remaining $162,800, splitting that dough nearly evenly — $80,000 for Winter and $82,800 for Katz, the nominal champ.
| Place | Player | Hometown | Prize |
|---|---|---|---|
| 1 | Cary Katz | Las Vegas, Nevada | $82,800 |
| 2 | Sean Winter | Jacksonville, Florida | $80,000 |
| 3 | Jake Daniels | The Woodlands, Texas | $35,200 |
| 4 | Brock Wilson | Ardsley, New York | $22,000 |
Christopher Brewer Earns $113K
The number of entries dropped ever so slightly to 21 for the Saturday finale, and the $210,000 would be split among three players this time.
Again, two of those were repeat winners as Wilson doubled up his min-cashing ways, but this one was for a more lucrative $33,600 thanks to the cut from four paid places.
Imsirovic also made it to payouts again, this time banking $63,000 for a runner-up finish.
That only left Brewer atop the mountain, and he got $113,400, the second-biggest payout of the series, to wrap things up.
| Place | Player | Hometown | Prize |
|---|---|---|---|
| 1 | Christopher Brewer | Vista, California | $113,400 |
| 2 | Ali Imsirovic | Vancouver, Washington | $63,000 |
| 3 | Brock Wilson | Ardsley, New York | $33,600 |
More High Rollers Likely to Come
The ARIA High Rollers were one a staple of the Vegas scene, giving high-stakes pros who live in the locale and those willing to fly in a chance for some higher buy-in action than typically takes place outside of major festivals.
They were last held in December of 2020, making their return after months on ice due to COVID-19.
Given the venue's commitment to catering to high rollers and the fact that poker has been slowly returning to Las Vegas, it's a good bet the high rollers will be back sometime in the near future. House tournament director Paul Campbell tweeted he hopes to see the high rollers back again 'soon,' so PokerNews will bring more recaps and results when the time comes.
Biggest High Rollers In Vegas Casinos
Photos courtesy of ARIA/Poker Central.
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