This was in Vegas Paper....very good read
Entire article here http://lasvegassun.com/vegasdeluxe/2015/apr/15/steve-cyr-spills-secrets-payouts-big-time-wins-los/
Here is a short segment of interest
Is the role of a whale hunter still relevant today?
Actually more relevant because the Internet and gamblers are so much more educated, which is a positive and a negative. The negative is that the guy loses $100,000, he knows about his airfare, he knows he should get a discount if he pays quick, and he knows about all the comps. Back in the day, a guy lost 15 grand, you comped his dinner and he was shaking your hand.
It?s like you wouldn?t go to divorce court unless you had a great lawyer. If you?re a whale, you need a guy like me, an independent. Like Larry Flynt, I was with him last weekend at the Venetian. He won $800,000. It?s not a secret; he doesn't care if you print that. I?m trying to cut a deal with him right now at the Cosmo. Larry wants to make sure he can split aces four times. He can double down after a split. If he loses a million dollars and pays in 30 days, he gets a 12 to 15 percent discount. He gets $15,000 in airfare up front. For every 4 hours of play, he gets another $50,000 in promotional chips.
So he doesn?t care about the suites, he doesn?t care about what it looks like, he cares about the deal. He?d play in Kansas if I can get him the right deal, so I?m his agent. So for whales because they?re educated, it makes a guy like me more valuable. I?m not in the entertainment business; I?m in the gambling business.
The book, Steve, makes it very clear, though, that in the end, everybody gives their winnings back to Las Vegas.
That?s correct. We didn?t build it because of everybody winning. I can count on one hand in my career the guys who really got out a big winner. Larry won 17 trips in a row, but three years later, we were up about $7 million on it.
So give me the high and the low. What?s the highest amount of money you?ve seen walk out of Las Vegas, and what?s the biggest amount of money that somebody has lost?
The most I?ve ever beat one player out of in a trip, was about six days, was $7 million. The most anyone ever beat me out of when I was hosting was $4.3 million, and that was on a dice game and we gave him the table. We sent the table to Montana. I actually rented a U-Haul and drove it out there to the player.
Entire article here http://lasvegassun.com/vegasdeluxe/2015/apr/15/steve-cyr-spills-secrets-payouts-big-time-wins-los/
Here is a short segment of interest
Is the role of a whale hunter still relevant today?
Actually more relevant because the Internet and gamblers are so much more educated, which is a positive and a negative. The negative is that the guy loses $100,000, he knows about his airfare, he knows he should get a discount if he pays quick, and he knows about all the comps. Back in the day, a guy lost 15 grand, you comped his dinner and he was shaking your hand.
It?s like you wouldn?t go to divorce court unless you had a great lawyer. If you?re a whale, you need a guy like me, an independent. Like Larry Flynt, I was with him last weekend at the Venetian. He won $800,000. It?s not a secret; he doesn't care if you print that. I?m trying to cut a deal with him right now at the Cosmo. Larry wants to make sure he can split aces four times. He can double down after a split. If he loses a million dollars and pays in 30 days, he gets a 12 to 15 percent discount. He gets $15,000 in airfare up front. For every 4 hours of play, he gets another $50,000 in promotional chips.
So he doesn?t care about the suites, he doesn?t care about what it looks like, he cares about the deal. He?d play in Kansas if I can get him the right deal, so I?m his agent. So for whales because they?re educated, it makes a guy like me more valuable. I?m not in the entertainment business; I?m in the gambling business.
The book, Steve, makes it very clear, though, that in the end, everybody gives their winnings back to Las Vegas.
That?s correct. We didn?t build it because of everybody winning. I can count on one hand in my career the guys who really got out a big winner. Larry won 17 trips in a row, but three years later, we were up about $7 million on it.
So give me the high and the low. What?s the highest amount of money you?ve seen walk out of Las Vegas, and what?s the biggest amount of money that somebody has lost?
The most I?ve ever beat one player out of in a trip, was about six days, was $7 million. The most anyone ever beat me out of when I was hosting was $4.3 million, and that was on a dice game and we gave him the table. We sent the table to Montana. I actually rented a U-Haul and drove it out there to the player.
