How does London’s High Roller Casinos Match Up with Their Global Competition?

london-530055_640

When you think about the planet’s premier gambling destinations, two immediately spring to mind: Las Vegas and Macau. It’s often forgotten that the UK has some exceptional gaming facilities too – particularly for the highest rollers around.

Contrary to their Far-Eastern and Far-Western counterparts, the British Isle’s most exclusive cardrooms and table games aren’t found within the walls of existing casinos. Those wishing to play for the highest stakes in the most elegant surroundings must first obtain membership at one of a select number of high roller casinos and clubs. These are mostly concentrated around the capital city of London. Like in Nevada or Macau, a large enough stack of notes is usually enough to grant access. However, some are more restrictive still.

Read the rest of this entry »

  

New Jersey welcomes sports betting

stacks of 100 bills

Get ready for sports betting at New Jersey casinos and race tracks. Governor Christie just signed the new bill into law, and it will be interesting to see if sports leagues like the NFL or the feds try to stop this.

The casinos in Atlantic City have been decimated as more states permit casino gambling, so now they may have sportsbooks to differentiate them again. Hell, I’m even tempted to go there now!

Let’s hope this sticks.

  

Setting the Super Bowl lines

So who do you have today? The Broncos or the Seahawks? It’s the biggest sports betting day of the year, and there will be tons of high rollers in Las Vegas, New York and around the country laying money on the game or one of the many prop bets.

Here’s an interesting article on how the lines get set. High rollers of course already know how this works, but the article is pretty good at explaining it and also telling some good stories, like this one:

The handicapper predicts what team will win; the bookmaker doesn’t care who wins. So when Super Bowl XXIII rolled around and the San Francisco 49ers were a 7-point favorite against the Cincinnati Bengals, Gaughan — the man who revolutionized sports bookmaking in Vegas — decided to split the action.

You could have the 49ers at minus-6.5 or the Bengals plus-7.5 at Gaughan’s Barbary Coast property. He’d make the game attractive to both sides, drive as much money on the game as possible, and would likely win on either side. The only way he’d lose — and potentially lose big — was if the 49ers won by 7 and he had to pay both sides.

Going into the fourth quarter, the Bengals led the 49ers 13-6, with the game sitting on that disastrous 7-point margin. Two San Francisco touchdowns would have cost him $18 million.

It wasn’t until three minutes remained in the game, when the Bengals kicked a field goal to go up 16-13, that the game moved off a potential 7-point margin.

“I was in bed with the covers over my head,” Gaughan said. “I’d still be paying it off today.”

Check it out.

  

Sean “Diddy” Combs loses $1,000,000 in dice game?

That’s the report we’re hearing based in part on Diddy’s Instagram video you can see below. Apparently he lost some bets with fellow rapper Rick Ross.

  

Low rollers rule Las Vegas

slot machines las vegas

The game is changing in Las Vegas. There are still plenty of incredible ways to enjoy the place if you’re a high rollers, but now the low rollers are arriving in droves. They love to party and hit the clubs, but they’re really not into gambling that much. Time has a story focusing on the new trend.

Vegas is packed again, but the casinos aren’t making the gaming revenues they saw in past years. We’ve discussed this many times, as the trends have been obvious.

One issue is that the casinos don’t cater to serious gamblers like before. The new corporate entities are so obsessed with maximizing every inch of the casino that they are flooding them with slots. Blackjack doesn’t get the attention we saw in the past, but this is one of the games that attracts people who like to gamble. The casinos have played with the rules way too much.

It’s harder for a group of guys who want to gamble as a group to find a table in the best casinos that will satisfy everyone in the group. Limits are too high, so while a casino might not want guys who play the $10 tables, their friends might be the ones who bet $100 per hand.

I think casinos need to think about catering to guys who love to gamble, and that will help create environments that attract more high rollers.

  

Related Posts