Flub worth $3 million
Posted on October 6, 2008 - Filed Under Casino games, Gambling News
Things are not all that smoky nor are we witnessing thinning of eco-(nomy) system. The present condition is just a part of the regular drill and we are ebbing down just to tide in the future.
And even now things are not all that bad across the board. Are things good and how good? The answer to this depends from where you are looking at it.
A businessman from China gave an opportunity to the Melbourne-based Crown Casino to rake in $3Â million. This Chinese businessman lost this amount within 5 minutes, on a big-stake Baccarat table.
In the VIP High-roller Mahogany Room of Crown Casino, the Chinese businessman was betting $100,000 a hand. The wagerers in the room were watching and sweating where as the Chinese customer was playing cool, devoid of any emotion, whatsoever.
To account, one witness of the game, “It’s big money but obviously he can afford it. He was still smiling.”
On the eve of the AFL Grand Final, this gamble worth $3 million is said to be one of the Crown Casino’s biggest earnings in the Mahogany Room.
Crown Casino, like other casinos, has a separate arrangement for the big spenders. According to one of the news posted on poker515.com/blog, the high-roller rooms of Crown Casino is getting shifted to one of its two opulent $24,000 a night villas.
If the casino’s sources are to be believed, around 100 super-rich punters from Asia have visited the casino, of late. The loss of Macau turned out to be a gain for Crown Casino.
In an effort to cool down the gambling business in Macau, China has imposed a new visa law. The law has curtailed the flow of the Chinese visitors to Macau, the gambling capital of Asia. (Read the complete story).
This bet came as a relief to Crown Casino, which has a double-edged sword to walk upon. On one hand is the global slowdown; on the other hand is the competition from Las Vegas as well as Macau.
Crown Limited (a demerged part of Publishing and Broadcasting Limited, Australia), the owner of Crown Casino is spending around $500 million to upgrade the casino’s facility.
