Wager Mage
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What are big gamblers called?

high roller A high roller, also referred to as a whale or cheetah, is a gambler who consistently wagers large amounts of money.

en.wikipedia.org - High roller - Wikipedia
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Gambler who wagers large amounts of money

This article is about the gambling term. For other uses, see High roller (disambiguation) 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 richer casinos 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] 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", a loosely defined term whose meaning changes with context. This can be anything from a casino regular patron who nevertheless wagers very low amounts of money - perhaps just enough to participate in casino loyalty programs and "comps" - to any average low-spending tourist.

Notable high rollers around the world [ edit ]

See also [ edit ]

Casino host, an employee of the casino that delivers services to maintain loyalty Louis Theroux: Gambling in Las Vegas, a BBC documentary profiling some high rollers

References [ edit ]

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What makes gambling illegal?

The California State Constitution makes gambling illegal (California Constitution, Article IV). However, certain forms of gambling, regulated by the state or the state's Native American tribes, are permitted. Specifically, California permits: Card rooms.

content.next.westlaw.com - Gaming in the United States: California: overview | Practical Law

Land-based gambling laws and regulations in California have remained consistent for many years. There have not been any recent attempts to introduce new legislation or constitutional amendment that would change the landscape for land-based gambling. It is unlikely that there will be any changes to these laws in the near future.

Online gambling

Online gambling has been a major area of legislative activity in California, and hope remains across the industry for legalisation in the near future. The closest the state has come to legalising online gambling was in 2016, when Assembly Bill 2863, also known as the "Gray Bill" after its sponsor State Assemblyman Adam Gray, passed out of committee with a unanimous vote. The bill aimed to legalise online poker and overcome the major hurdles that doomed online gambling legislation in the past. The first major hurdle to online gambling has been the horse racing industry's opposition to online poker. This industry worries that online poker will cut into its gaming revenue. The Gray Bill overcame this by granting the racing industry an annual USD60 million payment from online poker proceeds. The second major issue has been the "bad actor" issue. There has been significant opposition to allowing online poker companies that operated in the state after the passage of the Unlawful Internet Gaming Enforcement Act (a federal law outlawing online poker), to seek licensing if online poker became legal. Proposed legislation in the past would have allowed these companies to seek licences. The Gray Bill similarly allowed "bad actors" to seek licences, but also empowered state regulators to conduct investigations into these applicants to determine if they would now be suitable to hold licences.

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