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Wynn Resorts Macau Casino Books $10M "Black Swan" Gambling Loss

Started by Jaguar88, July 29, 2017, 03:48:17 AM

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alrelax

Always great news when casinos lose to groups of gamblers or any gambler that makes news.  However, I have been around the casino industry for several decades and have numerous people within my immediate and extended family in casino management at some of the largest casino companies in the world, CET, MGM, Boyd and Seminole Indian Tribe.  I know numerous executive casino hosts that have great insights to gamblers of stance.  There are a few times large losses (and by the way, when all the big tables were present in most every major casino of baccarat--the 14 player/3 dealer tables) the casinos used to experiencing large losses frequently, but not really any longer.  Anyways, the casinos every once in awhile do realize a quarter with a large large from a table game profit center--usually baccarat.  And those losses are usually from a junket or groups of gamblers.  But, on the flip side and almost every quarter there are huge profits from the tens of thousands that in reality, do lose and lose big in prospective to each bank roll.  Those never make the news, for if they did--it would be a constant and never ending--never changing story, 'gambler(s) lose at baccarat tot he casino. 

But nice to hear Steve Wynn lost 10 million, in reality that is like $200.00 to the common middle class person, if that.
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