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TEKK - Tekkorp Digital Acquisition Corp: Who's Who of Gaming Mgmt Teams!
Team has been involved in a substantial number of the digital media, sports, entertainment, leisure and gaming industries’ most significant merger and acquisition transactions, holding key positions at, and transacting with Scientific Games Corp, Inspired Gaming Group, FOX Bets, Ocean Casino Resort, Resorts International Holdings, PokerStars, DraftKings, Mohegan Sun, Caesars Entertainment Corporation, Harrah’s Entertainment,Tropicana Entertainment, Inc., TSG/Sky Betting & Gaming, Facebook, Inc, Wynn Resorts, Dubai World/MGM Resorts Here's all the Bios. These guys are stellar! TEKK closed at $10.30 today. Still cheap! If you don't like to read... you don't like to make money!!!! ---------------------------------------------------------------------------------------- Matthew Davey — Chief Executive Officer and Director Mr. Davey has over 25 years of experience within the digital media, sports, entertainment, leisure and gaming ecosystems, as well as experience in the public sector. He is an experienced public company executive officer and board member. He has served in executive management positions across the gaming technology arena. Over the course of Mr. Davey’s career, he oversaw more than ten mergers and acquisitions and over $1.2 billion in debt and equity capital raised to support the companies he has led. Most recently, Mr. Davey was Chief Executive Officer of SG Digital, the Digital Division of Scientific Games Corp. (“Scientific Games”) (Nasdaq: SGMS). SG Digital was established following the purchase by Scientific Games of NYX Gaming Group Limited (“NYX”) (formerly TSXV: NYX), where Mr. Davey served as Chief Executive Officer and Director. The NYX acquisition provided Scientific Games with a vehicle to significantly accelerate the scale and breadth of its existing digital gaming business, including the strategic expansion into sports betting. In his capacity as Chief Executive Officer of NYX, Mr. Davey developed and implemented a corporate strategy that generated strong revenue growth. Mr. Davey shaped company strategy to focus on digital gaming supplier platforms and content that provided various gaming operators with the underlying gaming and sports betting systems for their online gaming business. In 2014, Mr. Davey oversaw the initial public offering of NYX, and his experience in the digital media, sports, entertainment, leisure and gaming industries helped NYX recognize momentum as a public company. After the public offering, from 2014 to 2018, Mr. Davey oversaw seven acquisitions which helped establish NYX as one of the fastest growing global B2B real-money digital gaming and sports betting platforms. These acquisitions included: • OpenBet: In 2016, NYX completed the $385 million acquisition of OpenBet. This was one of the more complex and transformative acquisitions that Mr. Davey oversaw at NYX. Through securing co-investments from William Hill (LSE: WMH), Sky Betting & Gaming and The Stars Group (formerly Nasdaq: TSG, TSX: TSGI), Mr. Davey was able to get the acquisition from Vitruvian Partners completed successfully, winning the deal against much larger and well capitalized competitors. By combining two established and proven B2B betting and gaming suppliers, NYX was well positioned to provide customers with exciting player-driven solutions across all major product verticals and distribution channels. This allowed NYX to become the leading B2B omni-channel sportsbook platform in the market and the supplier to over 300 gaming operators globally with an extensive library of desktop and mobile game titles, including more than 700 on NYX platforms and more than 2,000 on the OpenBet platform. • Cryptologic/Chartwell: In 2015, NYX completed the $119 million acquisition of Cryptologic and Chartwell. The acquisition provided NYX with more than 400 titles of additional leading gaming content, a broader customer base, and direct exposure to PokerStars and Intercasino, part of the Gamesys Group (LSE: GYS) — two of the world’s largest online casino offerings. • OnGame: In 2014, NYX completed the distressed acquisition of OnGame, a premier poker content, platform and service provider. This acquisition provided NYX with one of the best poker products in the industry, access to several regulated jurisdictions, and a valuable talent pool that was instrumental in the growth of NYX. The addition of OnGame further established a path for NYX to continue its growth in both European and U.S. markets. These acquisitions, together with meaningful organic growth, increased NYX’s revenue from $24 million in 2014 to $184 million annualized in 2017. During that time, Mr. Davey helped build NYX to have over 200 customers in the global gaming industry and a team of 1,000 employees. Mr. Davey’s success at NYX ultimately led to its sale to Scientific Games for $631 million in 2018. Mr. Davey joined Next Gen Gaming, the predecessor to NYX, in 2000 as the Vice President of Technology, was appointed as Executive Director in 2003 and named Chief Executive Officer in 2005. Prior to that, he was the Senior Consultant for Access Systems, a company that specializes in the provision of back-end software for licensed online casinos. Prior to joining Access, Mr. Davey worked for the Northern Territory Government specializing in matters pertaining to the internet and e-commerce along with roles in the Department of Racing and Gaming. Mr. Davey received a Bachelor of Electrical & Electronic Engineering from Northern Territory University, Australia (also known as Charles Darwin University). Robin Chhabra — President Mr. Chhabra has been at the forefront of corporate acquisition activity within the digital gaming landscape for over a decade. His prior experience includes leading corporate strategy, M&A, and business development at two of the global leaders in the digital gaming industry, The Stars Group (“TSG”) and William Hill, and a leading supplier, Inspired Gaming Group (Nasdaq: INSE). Mr. Chhabra served on the Group Executive Committees of each of these companies. From 2017 to May 2020, Mr. Chhabra served as Chief Corporate Development Officer at TSG and, from 2019 to August 2020, he also served as the Chief Executive Officer of Fox Bet, a leading U.S. online gaming business which is the product of a landmark partnership between TSG and FOX Sports, a transaction which he led. During that period, Mr. Chhabra led several transactions which transformed TSG into the largest publicly listed online gambling operator in the world by both revenue and market capitalization and one of the most diversified from a product and geographic perspective with revenues of over $2.5 billion. Mr. Chhabra’s M&A experience is extensive and covers multiple global geographies across the digital gaming value chain and includes the following: • TSG/Flutter Entertainment Merger: In 2019, Mr. Chhabra led the TSG M&A team that was responsible for TSG’s $12.2 billion merger with Flutter Entertainment (LSE: FLTR). The merger between TSG and Flutter Entertainment is the largest transaction in the digital gaming industry to date. The combination created the largest publicly listed online gaming company with approximately 13 million active customers and leading product offerings, which include sports betting, online casino, fantasy sports and poker. The combined entity includes some of the world’s most iconic digital gaming brands such as Fanduel, Fox Bet, Sky Bet, PaddyPower, Betfair, PokerStars and SportsBet. TSG/Flutter Entertainment is one of the most geographically diverse digital gaming and media companies with leading positions in the United States, United Kingdom, Australia, Ireland, Italy, Spain, Germany and Georgia. • TSG/Sky Betting and Gaming (“SBG”): In 2018, Mr. Chhabra led the acquisition of SBG from CVC Capital Partners and Sky plc, Europe’s largest media company, in a transaction valued at $4.7 billion. At the time of the acquisition SBG was the largest mobile gambling operator in the United Kingdom and one of the fastest growing of the major operators having doubled its online market share in three years. The acquisition of SBG provided TSG with (a) greater revenue diversification, significantly enhanced expertise and exposure to sports betting just ahead of the judicial overturn of The Professional and Amateur Sports Protection Act of 1992 (PASPA) by the U.S. Supreme Court, (b) a leading position within the United Kingdom, the world’s largest regulated online gaming market, (c) improved products and technology as a result of the addition of SBG’s innovative casino and sports book offerings and a portfolio of popular mobile apps, and (d) expertise in deeply integrating sports betting with leading sports media companies, positioning TSG to create more engaging content, deliver faster growth and decrease customer acquisition costs. • William Hill (LSE: WMH): At William Hill, from 2010 to 2017, Mr. Chhabra served as Group Director of Strategy and Corporate Development where he led several transactions which contributed to William Hill’s transformation from a land-based gambling operator in the United Kingdom to a leading online-led international business. Mr. Chhabra led William Hill’s entry into the U.S. sports betting and online lottery markets with the acquisition of four businesses, including the simultaneous acquisitions of three U.S. sportsbooks, Cal Neva, American Wagering and Brandywine Bookmaking, in 2011 for an aggregate purchase price of $55 million. These businesses ultimately led William Hill to achieve a leading position in the U.S. sports betting market with a market share of 24% in 2019. Additionally, Mr. Chhabra played a key role in structuring William Hill’s successful joint venture with PlayTech Plc (LSE: PTEC) in 2008. The combined entity created one of the largest online gambling businesses in Europe at the time of its formation and led to William Hill’s buyout of Playtech’s interest for $637 million in 2013. Prior to the transaction, William Hill had struggled in its attempt to establish a strong online gaming platform and a meaningful presence outside the United Kingdom. Mr. Chhabra has also successfully completed four transactions worth over $1.2 billion in Australia, the world’s second largest regulated online gambling market, and various partnerships in Asia. Additionally, he completed several technology and media related transactions, including William Hill’s investment in NYX, where he worked with Mr. Davey on NYX’s transformational acquisition of OpenBet. Prior to working in the gaming sector, Mr. Chhabra was an equities analyst and a management consultant. Mr. Chhabra received a Bachelor of Science in Economics from the London School of Economics and Political Science. Eric Matejevich — Chief Financial Officer Mr. Matejevich is a seasoned gaming executive with extensive experience in both the online gaming and traditional casino industries. From February to August 2019, he served as Trustee and Interim-Chief Executive Officer of Ocean Casino Resort (“Ocean”) (formerly Revel Casino, which had a construction cost of $2.4 billion) in Atlantic City, where he successfully led the management team through an ownership change and operational turnaround effort. Over the course of seven months, Mr. Matejevich managed to reduce the property’s weekly cash burn of $1.5 million to an annualized cash flow run rate in excess of $20 million. Prior to Ocean, from 2016 to 2018, Mr. Matejevich served as the Chief Financial Officer of NYX. At NYX, he focused his efforts on integrating the company’s many acquisitions and multiple debt refinancings to simplify its capital structure and provided liquidity for growth initiatives. Additionally, Mr. Matejevich was instrumental to the executive team that sold NYX to Scientific Games for $631 million. Prior to NYX, from 2004 to 2014, Mr. Matejevich was the Chief Financial Officer of Resorts International Holdings and later, from 2011, also the Chief Operating Officer of the Atlantic Club Casino, a property under the Resorts International Holdings umbrella — a Colony Capital (NYSE: CLNY) entity. As Chief Financial Officer, he provided managerial oversight for all finance functions for a six-property casino company with annual gaming revenue exceeding $1.3 billion, 10,000 gaming positions, 7,000 hotel rooms and over 11,000 staff members during his tenure. Mr. Matejevich led the transition effort to integrate a four-casino, $1.3 billion acquisition from Harrah’s Entertainment and Caesars Entertainment (Nasdaq: CZR). As Chief Operating Officer of Atlantic Club, he lobbied for and was successful in obtaining the first internet gaming legislation passed in the United States. The Atlantic Club was the sole New Jersey casino proponent of the legislation. Prior to serving in various gaming positions, Mr. Matejevich was a Vice President of High Yield Research for Merrill Lynch, where he managed the corporate bond research effort for the gaming and leisure sectors and marketed high yield and other debt transactions totaling $4.8 billion. Mr. Matejevich received a Bachelor of Science in Economics from The Wharton School and a Bachelor of Arts in International Relations from The College of Arts and Sciences at the University of Pennsylvania. Our Board of Directors Morris Bailey — Chairman Over the past 10 years, Mr. Bailey has been a leader in turning around Atlantic City, as well as being among the first gaming executives to embrace online gaming and sports betting in the United States. In his efforts, Mr. Bailey partnered with two of the largest digital gaming companies in the world, PokerStars, part of the Stars Group, and DraftKings (Nasdaq: DKNG). In 2010, Mr. Bailey bought Resorts Atlantic City (“Resorts”) and initiated a comprehensive renovation which allowed for the property to be rebranded and repositioned. In 2012, Mr. Bailey signed an agreement with Mohegan Sun to manage the day-to-day operations of the casino. In addition to Mohegan Sun’s operational expertise and ability to reduce costs via economies of scale, Resorts gained access to their robust customer database. Soon thereafter, Mr. Bailey and his team focused on bringing online gaming to the property. In 2015, Resorts established a platform to engage in online gaming by partnering with PokerStars, now part of the $24 billion Flutter Entertainment, PLC (LSE: FLTR), to operate an online poker room in Atlantic City. In 2018, Resorts announced deals with DraftKings and SBTech to open a sportsbook on-property and online. For 2020 year-to-date, Resorts has performed in the top quartile in internet gross gaming revenue in New Jersey. Mr. Bailey’s efforts in New Jersey helped set the framework for expansion of online sports and gaming throughout the United States. In addition to his gaming interests, Mr. Bailey has over 50 years of experience in all facets of real estate development, asset M&A, capital markets and operations and is the founder, Chief Executive Officer and Principal of JEMB Realty, a leading real estate development, investment and management organization. Mr. Bailey has notable investment experience within the energy, finance and telecommunications sectors through investments in the Astoria Energy Plant, Basis Investment Group and Xentris Wireless. Tony Rodio — Director Nominee Mr. Rodio has nearly four decades of experience in the gaming industry. Most recently, Mr. Rodio served as the Chief Executive Officer and director of Caesars Entertainment Corporation (“Caesars”) (Nasdaq: CZR), one of the world’s most diversified casino-entertainment providers and the most geographically diverse U.S. casino-entertainment company, from April 2019 until its acquisition by Eldorado Resorts, Inc. in July 2020. Mr. Rodio led Caesars through its $17.3 billion merger with Eldorado Resorts, one of the largest transactions in the gaming industry to date. Additionally, Mr. Rodio was instrumental to Caesars’ expansion into the digital gaming industry and oversaw the implementation of new digital segments such as its Scientific Games powered retail sportsbook solution that now operates in various states throughout the U.S. From October 2018 to May 2019, Mr. Rodio served as Chief Executive Officer of Affinity Gaming. Prior to Affinity Gaming, he served as President, Chief Executive Officer and a director of Tropicana Entertainment, Inc. (“Tropicana”) for over seven years, where he was responsible for the operation of eight casino properties in seven different jurisdictions. During his time at Tropicana, Mr. Rodio oversaw a period of unprecedented growth at the company, improving overall financial results with net revenue that increased more than 50% driven by both operational improvements and expansion across regional markets. Mr. Rodio led major capital projects, including the complete renovation of Tropicana Atlantic City and Tropicana’s move to land-based operations in Evansville, Indiana. Each of these initiatives, among others, generated substantial value for Tropicana. Ultimately, Mr. Rodio’s efforts at Tropicana led to its sale to Eldorado Resorts in 2018 for $1.85 billion. Prior to Tropicana, Mr. Rodio held a succession of executive positions in Atlantic City for casino brands, including Trump Marina Hotel Casino, Harrah’s Entertainment (predecessor to Caesars), the Atlantic City Hilton Casino Resort and Penn National Gaming. He has also served as a director of several professional and charitable organizations, including Atlantic City Alliance, United Way of Atlantic County, the Casino Associations of New Jersey and Indiana, AtlantiCare Charitable Foundation and the Lloyd D. Levenson Institute of Gaming Hospitality & Tourism. Mr. Rodio brings extensive knowledge of and experience in the gaming industry, operational expertise, and a demonstrated ability to effectively design and implement company strategy. Mr. Rodio received a Bachelor of Science from Rider University and a Master of Business Administration from Monmouth University. Marlon Goldstein — Director Nominee Mr. Goldstein is a licensed attorney with nearly 20 years of experience in the gaming space. He joined The Stars Group (Nasdaq: TSG)(TSX: TSGI) in January 2014 as its Executive Vice-President, Chief Legal Officer and Secretary until his retirement from the company in July 2020 following the merger of TSG with Flutter Entertainment, PLC (LSE: FLTR). Mr. Goldstein also previously served as the Executive Vice-President, Corporate Development and General Counsel of TSG. Mr. Goldstein was also the senior TSG executive based in the United States and was one of the primary architects of TSG’s strategic vision for its U.S.-facing business. During his tenure, TSG grew from an approximately $500 million market-cap company to an approximately $7 billion market-cap company through a combination of organic growth and strategic mergers and acquisitions. Mr. Goldstein participated in numerous M&A transactions and capital markets offerings at TSG, including several transformational transactions in the digital gaming industry. Notable transactions in which Mr. Goldstein was involved include: • TSG/Flutter Merger: In 2019, TSG merged with Flutter for a $12.2 billion transaction value, the largest transaction in the digital gaming industry to date. • TSG/Fox Bet Partnership: In 2019, TSG entered into a partnership with FOX Sports to create FOX Bet in the U.S., a leading U.S. online gaming business. Wall Street Research estimates an approximate $1.1 billion valuation for Fox Bet post-partnership with The Stars Group. • TSG/Sky Betting & Gaming: In 2018, TSG acquired Sky Betting & Gaming, the largest mobile gambling operator in the United Kingdom at the time, for $4.7 billion. • TSG/CrownBet and William Hill: In 2018, TSG simultaneously acquired CrownBet and William Hill, two Australian operators, for a total of $621 million in a multi-part transaction. • TSG/PokerStars and Full Tilt Poker: In 2014, TSG acquired The Rational Group, which operated PokerStars and Full Tilt and was the world’s largest poker business, for $4.9 billion. Through his ability to legally structure large and complex transactions, Mr. Goldstein was integral to TSG’s vision of becoming a full-service online gaming company. Additionally, he assisted in structuring TSG’s capital markets activity, which generated liquidity for acquisitions and strengthened its balance sheet. Prior to joining TSG, Mr. Goldstein was a principal shareholder in the corporate and securities practice at the international law firm of Greenberg Traurig P.A., where he practiced for almost 13 years. Mr. Goldstein’s practice focused on corporate and securities matters, including mergers and acquisitions, securities offerings, and financing transactions. Additionally, Mr. Goldstein was the founder and co-chair of the firm’s Gaming Practice, a multi-disciplinary team of attorneys representing owners, operators and developers of gaming facilities, manufacturers and suppliers of gaming devices, investment banks and lenders in financing transactions, and Indian tribes in the development and financing of gaming facilities. Mr. Goldstein brings experience and insight that we believe will be valuable to a potential initial business combination target business. Mr. Goldstein received a Bachelor of Business Administration with a concentration in accounting from Emory University and a Juris Doctorate with highest honors from the University of Florida, College of Law. Sean Ryan — Director Nominee Mr. Ryan is a digital media and technology operator with extensive global experience in online payments, e-commerce, marketplaces, mobile ad networks, digital games, enterprise collaboration platforms, blockchain, real money gaming and online music. Since 2014, Mr. Ryan has been serving as Vice President of Business Platform Partnerships at Facebook, Inc. (“Facebook”) (Nasdaq: FB), where he leads a more than 500 person global organization that manages the Payments, Commerce, Novi/Blockhain, Workplace and Audience Network businesses. Prior to his current role, Mr. Ryan was hired in 2011 as the Director of Games Partnerships to lead and grow the global Games business at Facebook. While the Director of Games Partnerships, Mr. Ryan focused on re-shaping Facebook’s games and monetization strategies to derive more value for Facebook, its users and its partners, including the addition of a Real Money Gaming offering in regulated markets. Mr. Ryan’s team helped accelerate a major trend in engagement through cross-platform games and therefore the opportunity to increase users through establishing games on multiple platforms. Prior to joining Facebook, Mr. Ryan created the new social and mobile games division at News Corp, an American multinational mass media corporation controlled by Rupert Murdoch. While at News Corp, Mr. Ryan led the acquisition of Making Fun, a San Francisco social-game start-up, that created News Corp’s games publishing division. Before joining News Corp., Mr. Ryan founded multiple digital businesses such as Twofish, Meez, Open Wager and SingShot Media. Mr. Ryan co-founded Twofish in 2009, a virtual goods and services platform that provided developers with data analytics and insights for individual application’s digital economies. Twofish was later sold to online payments provider Live Gamer, where Mr. Ryan served on the board of directors. From 2005 to 2008, Mr. Ryan founded and led Meez.com, a social entertainment service combining avatars, web games and virtual worlds. The white label social casino gaming company Open Wager was spun out of Meez and was later sold to VGW Holdings, Mr. Ryan also co-founded SingShot Media, an online karaoke community, which was sold to Electronic Arts (Nasdaq: EA) and merged into its Sims division. We believe Mr. Ryan’s experience will be valuable to a potential initial business combination target and would provide an expanded perspective on the digital gaming landscape. Mr. Ryan received a Bachelor of Arts from Columbia University and a Master of Business Administration from the University of California, Los Angeles. Tom Roche — Director Nominee Mr. Roche has more than 40 years of experience in the gaming industry as a regulator, advisor and independent auditor. Mr. Roche joined Ernst & Young (“EY”) as a partner in 2003 and opened its Las Vegas office. He was subsequently appointed as the Office Managing Partner and Global Gaming Industry Market Leader. In 2016, Mr. Roche relocated to the EY Hong Kong office to supervise the expansion of the EY Global Gaming Industry practice in the Asia Pacific region. Mr. Roche has been integral to numerous transactions that have shaped the current gaming landscape, including: • Wynn Resorts (Nasdaq: WYNN) initial public offering: Mr. Roche was the lead partner on Wynn Resort’s initial public offering, which raised $450 million in 2002. • Harrah’s Entertainment/Apollo Management Group & Texas Pacific Group: Mr. Roche headed the regulatory advisory services on the buyout of Harrah’s Entertainment, the world’s largest casino company at the time, for $17.1 billion. • Dubai World/MGM Resorts: Mr. Roche headed the regulatory and due diligence advisory services to Dubai World in its approximately $5.1 billion investment in MGM. Dubai World bought 28.4 million MGM shares, or 9.5 percent of the casino operator, for $2.4 billion. It then invested $2.7 billion to acquire a 50% stake in MGM’s CityCenter Project, a $7.4 billion 76-acre Las Vegas development of hotels, condos and retail outlets. • MGM Growth Properties (NYSE: MGP) initial public offering: Mr. Roche provided tax and structural transaction services to MGM Resorts in the creation of MGM Growth Properties, a publicly traded REIT engaged in the acquisition, ownership and leasing of large-scale destination entertainment and leisure resorts. MGM Growth Properties raised $1.05 billion in its 2016 initial public offering. Mr. Roche also directed EY advisory services to boards and management teams for profit improvement and technology related initiatives. In addition, Mr. Roche provided advisory support to the American Gaming Association on several research projects, including those specifically related to sports betting, the revocation of The Professional and Amateur Sports Protection Act of 1992 (PASPA) and anti-money laundering best practices in the gaming industry. Equally, he has assisted government agencies in numerous international locations with enhancing their regulatory approach to governing the industry especially in the online gambling sector. Prior to joining Ernst & Young, Mr. Roche served as Deloitte’s National Gaming Industry Leader and as the co-head of Andersen’s Gaming Industry Practice in Las Vegas. In 1989, Mr. Roche was appointed by then Governor of the State of Nevada, Robert Miller, to serve as one of three members of the Nevada State Gaming Control Board for a four-year term, where he was directly responsible for the Audit and New Games Lab Divisions. As a board member, he spent a substantial amount of time assisting global jurisdiction regulators enact gaming legislation in the design of their regulatory structure. During his career, Roche has been involved in numerous public and private offerings of equity and debt securities. His background includes providing casino regulatory consulting services to casino licensees and to federal and state agencies including the National Indian Gaming Commission and the Nevada State Gaming Control Board, and industry associations such as the Nevada Resort Association and the American Gaming Association. We believe Mr. Roche’s highly regarded reputation as a gaming auditor and advisor in the gaming industry will be valuable for us and a potential business combination target. Mr. Roche is a member of the American Institute of Certified Public Accountants and is licensed by the Nevada State Board of Accountancy and Mississippi State Board of Public Accountancy. He received his Bachelor of Science degree in Accounting from the University of Southern California.
As a popular kind of home entertainment, gambling has an abundant history, and every gamer has the prospective to end up being a winner in the blink of an eye. There is absolutely nothing else rather like the rush of adrenaline that can accompany the gambling experience! The video gaming market has actually grown greatly for the past 20 years, and the lure of gambling has actually drawn increasingly more individuals to the gambling establishments along with racetracks and Web gambling website. Gambling is an interesting leisure activity in lots of aspects, and the list below will present you to a few of the historic, analytical, and amusing pointers and trivia that make this leisure activity unique. Did You Know?
A minimum of 65,000,000 individuals in the United States play poker regularly.
Playing cards as we understand them today are still considerably affected by the French, despite the fact that playing cards were created in China. According to French tradition, the cards with Spades represent royalty. Diamonds represent Merchants, Clubs represent Peasants, and Hearts represent the Clergy.
Previous United States President Richard M. Nixon utilized cash he had actually won playing poker in the Navy throughout World War 2 to fund his run for Congress in 1946. He should have been an excellent gamer, for it is never ever affordable to get associated with politics!
87% of individuals who went to Las Vegas throughout the year 1996 bet.
Studies expose that 38% of individuals who reside in the United States have actually checked out Las Vegas, usually to bet.
The video game called craps generally has a few of the very best bets in the gambling establishment.
Poker competitions that occur on the Internet and on tv have actually triggered the Texas Hold 'em variation of poker to have a massive rise in appeal.
There is one slots in Las Vegas, Nevada, for each 8 individuals who live there. In 2005, the approximated population for the Las Vegas Valley is 2 million individuals. That's a Great Deal Of slot deposit pulsa !
Blackjack, or 21 as some individuals call it, continues to be the most popular table video game in both online and offline gambling establishments. It is likewise the video game with the very best chances.
You will see lots of variations of video poker in a gambling establishment, however each of them is based upon the video game of 5 Card Draw.
In the English gambling dens throughout the 18th century, one staff member had the regrettable task of dice swallower. That's right - dice swallower! He was to swallow the dice if and when a law enforcement officer robbed the den.
If played properly, video poker can use a few of the very best chances in the gambling establishment.
The very first slots on the planet was developed by a Mr. Charles Fey in the year 1899. He was an automobile mechanic who desired his consumers to have something to entertain them while they waited on their cars and trucks.
Groucho Marx, among the Marx Brothers, liked to play poker. He kept his poker cash on him at all times, bring it in a 'grouch bag". This is how he got the label of Groucho.
There are just 2 states in the United States that do not use legalized gambling. These are Hawaii and Utah.
57% of individuals in the United States purchased a lottery game ticket in the last 12 months. This truth, which was found by a Gallup Survey audit on gambling, shows that the lotto is the most popular kind of gambling in the United States.
68% of the folks in Las Vegas who bet play the fruit machine.
24% of those residing in the U.S.A. confess that they have actually taken part in prohibited gambling.
When studying the portions of individuals who check out Las Vegas, it was found that the biggest portion group, 22%, was comprised of elderly people, those who are 65 and older.
Among the biggest slots payments ever tape-recorded occurred in Las Vegas back in 1998. A lady who had actually invested around $300 at a gambling establishment that day struck a $27.6 million dollar prize! Not surprising that fruit machine are so popular!
Many historians have actually concerned the conclusion that the famous and vibrant figure of the Wild West referred to as Wild Costs Hickock was not an excellent poker gamer.
In the United States, it is not possible to secure a patent on any type of gambling maker.
The card video game of Texas Hold 'Em was bet the extremely very first time in a Texas city called Robstown. This took place in the early 1900s. Texas Hold 'Em was given Texas from Las Vegas by a little group of Texas bettors.
Back in the 1970s, the typical age of individuals who delighted in gambling establishment gambling varied from 30 to 55. Nowadays, that age varieties from 17 all the way approximately 70.
80% of a study group stated that all gambling ought to be legal, which gambling establishments are completely alright.
A word of caution - You are not permitted to utilize your cellular phone at a video gaming table. This is usually real in all gambling establishments. Obviously, if you are dipping into an online video gaming table, you can do what you want.
The biggest gambling establishment worldwide lies on the borders of Hartford, Connecticut in the United States. It is called the Foxwoods Gambling establishment.
Las Vegas has 2 labels - Las Vegas and Lost Earnings.
Slots vary from cent slots all the way as much as those that vary from $50 to $500 for each spin! These expensive slots are generally found in what is called the 'High-stakes gambler' space or spaces of a gambling establishment. As a basic guideline, you will not see a lot of these makers.
In 2007, more than $170 billion dollars was put in bets in Las Vegas by bettors. 'Your home', or the gambling establishments, won about $7 billion dollars of that cash.
Online video gaming is cool. Where else can you play video poker in your pajamas?
Gambling Establishments in Las Vegas are under no legal responsibility to settle any of their gambling financial obligations.
The state of Nevada in the U.S.A., house of Las Vegas, made gambling legal in the year 1931.
- Throughout that very same year, the Hoover Dam was being constructed by the United States federal government. - They didn't desire the men who were dealing with the dam to get included with gambling, so a whole town, Stone City, was constructed as a location for the dam employees to live. - It was made prohibited to bet in Stone City in the hopes that these employees would not misuse the 50 cents an hour they were being paid. - Today, Stone City is the only city in the state of Nevada where it is unlawful to bet.
To this day, the Italians and the French will still argue over who developed the video game of Blackjack.
Countless individuals are utilizing the Web to bet 24 hr a day, 7 days a week.
Those who play the slots online along with offline will discover that a bulk of the time, they will win regularly playing online.
In horseracing or any kind of sports gambling, you require to win a portion of about 52.4% of the bets you make in order to recover cost. This is due to the fact that a commission is charged by the home on every bet.
There is no rhyme, rhythm, or pattern to playing the slots. It is nearly difficult to forecast when you are going to win.
When playing poker, the Dead Man's Hand is Aces and Eights.
The majority of people who take a holiday to Las Vegas gamble for 4 hours a day, every day they exist.
Some state that the video game of live roulette was created by a male called Blaise Pascal, a French mathematician and creator. Others state he simply chose what order the numbers would enter.
And still others declare that the video game of live roulette originated from China. Another group swears that live roulette was created by a group of Venetian monks! It appears that nobody understands the genuine reality.
Although a line of slots might look similar, each of them looks various on the within.
Dice are the earliest video gaming tool offered to utilize today.
Blackjack was prohibited in America back at the turn of the 19th century. Currently an extremely popular video game, it holed up as folks continued to play it unlawfully. The restriction was raised in 1939 as Nevada prepared to present Las Vegas to the world.
Craps is an American video game, however was developed as a variation of a European video game played in the 17th and 18th century that was referred to as 'risk'.
Legend has it that a fellow by the name of Francois Blanc made a deal with Satan in order to discover the expected 'tricks' of the roulette wheel. The basis of this legend is that when you accumulate all of the numbers on the wheel, you wind up with the number 666, a number that has actually constantly represented the devil.
Fruit machine can exposing countless possible mixes for each minute the video game is played. This is because of the random number generator, or RNG, that is inside the maker.
Craps got its odd name from a label provided to the French Creoles of New Orleans, Johnny Crapauds.
There are 2 kinds of dice, gambling establishment dice and 'pharmacy' dice. Gambling establishment dice are specifically made by hand to guarantee that they are well balanced and are a best cube. Pharmacy dice are smaller sized than gambling establishment dice, and are made by equipment.
Historians have actually discovered paperwork that informs us Napoleon actually delighted in playing a video game or more of 21, or blackjack when he remained in exile.
If you build up all of the opposing sides of one dice, you will constantly develop an overall of 7.
Live roulette has guidelines that are much easier to follow and comprehend than many other types of gambling.
Video poker has actually belonged of the gambling world since the early 1970s.
The video game of Baccarat was as soon as had fun with Tarot cards.
Caribbean Stud Poker is a poker variation that is incredibly popular worldwide. It was established from a 16th century video game called Primera.
There are 38 numbers on an American roulette wheel, 0, 00, 1 to 36.
There are 37 varieties of a French roulette wheel, 0 to 36.
Those who reside in Nevada wager around $846 each year at the gambling establishments.
The video game of Baccarat was created throughout the midlifes by Felix Falguiere, an Italian bettor.
Among the fastest growing types of home entertainment all over the world is gambling establishment gambling.
There are 11 various methods to make a wager in the video game of live roulette.
The British call fruit machine 'slot machine' and 'one-armed bandits'.
The game of chance of strip poker came from New Orleans, Louisiana around 1830.
Backgammon is the earliest taped video game in history. This video game, which came from Mesopotamia, is called by several names.
Gambling has actually ended up being a $40 billion dollar each year market in simply the United States alone.
Things You Most Likely Never Ever Learn About Gambling
Blackjack tables have a little in common with baseball video games. The seats at the table that are around the dealership are referred to as 'bases', and are referred to as very first, 2nd, and third base.
Baccarat concerned Las Vegas in 1959 at the old Sands hotel. It most likely was not well like by the hotel owners, as the Sands wound up losing $250,000 the opening night on the baccarat tables!
There are 3 various ranges of baccarat. They are called 'Chemin de fer', or train, 'Baccarat Banque, or Adeux Tableaux, and Punto Banto, which implies North American Baccarat.
Blackjack team play was developed by a guy referred to as Al Franesco.
The absolutely nos on roulette wheels are called the 'Home Edge'. The nos were initially contributed to the wheel by its developer in order to increase your house chances.
Caribbean Stud Poker discovered its method to the United States in the 18th century. It initially appeared in Louisiana, and after that spread out west.
Nowadays, you can find out how to play Craps on your Iphone!
A pair of dice has a number of labels. They can be called 'Boxcars', 'Snake Eyes', 'Mississippi Marbles', or 'Memphis Dominoes'.
The fastest growing market on the planet in Indian video gaming, which is a $27 billion each year market in simply the United States.
The name 'Blackjack' was originated from a variation of the initial video game guidelines, in which a gamer who had the black Jack of Spades got a payment.
The worst live roulette bet, and why? It's referred to as the 5 number bet, 0, 00, 1, 2, 3, and when made, your home edge leaps from 5.26% to 7.89%.
The video game of Baccarat gets its name from the worst hand possible, absolutely no.
The initial name of Blackjack was 'Ving-et-un', which equates into the word 'blackjack'.
The biggest win at an online gambling establishment was $1, 683,524.64.
A sailor had 27 wins in a row playing Craps at a Las Vegas gambling establishment back in the 1950s. The chances of this occurring are 12,467,890 to 1!
The video game of Bingo came from Italy throughout the year 1530.
In Australia and New Zealand, the term "Housie" is utilized for Bingo.
Gambling Trivia You Never Ever Would Have Thought
In the whole time the video game of Keno has actually been played, a reward of $500,000 has actually been won 4 times, 2 times by the very same gamer.
Live roulette is the earliest of all gambling establishment video games.
Keno was utilized in ancient China to raise money that was utilized to develop the Great Wall of China.
Keno pertained to the United States in the 19th century.
It is possible to come up with 1,474, 200 various Bingo cards.
Playing cards as we understand them today initially appeared in Europe at some point throughout the 1300s.
Modern Bingo was developed from a video game called Beano. When a gamer wrongly called out "Bingo" instead of "Beano", the name caught on all over.
A little more than 70% of the high-stakes gamblers in Vegas who take pleasure in playing Baccarat are Asian lenders and Asian industrialists.
Keno returns to the Han Dynasty in Chinese history in between 205 and 187 B.C.
In South America and Europe, the video game of Baccarat passes the name of Punto Banco. Punto Banco is generally a high-stakes gambler video game.
The age of the youngest individual to win the World Series of Poker centerpiece was a tender 24.
It is possible to make 2,598,960 poker hands from a basic 52-card deck.
The chances of being dealt the hand called a 'pocket set' in Poker are 16 to 1.
There are just 4 possible Royal Flush hands in a basic 52-card deck.
The chances of getting a Royal Flush hand are 649,740 to 1.
More than 70 million decks of basic playing cards are offered each and every year.
That sandwich you consumed the other day got its name from a poker gamer. The Earl of Sandwich enjoyedsl poker a lot he was loathe to leave the video game table, even to consume. So, he would have somebody bring him bread and some meat, and the sandwich was born!
The label for a set of eights in the video game of poker is Pocket Snowmen.
[Table] IAmA Casino Pit Boss with years of experience in Table Games and Casino Ops and would love to answer questions you may have about the business!
Verified?(This bot cannot verify AMAs just yet) Date: 2014-04-08 Link to submission (Has self-text)
I saw a guy lose $1,000,000 once, I actually was dealing when he lost about $200,000 of that in about 15 minutes. It made me sick, but he didn't seem to mind much. Later he attempted to sue the casino because "clearly his drinks were spiked," but he later recanted that.
How to get comps: Play for a long time and/or have a strong average bet. Buying in for large amounts and then not playing won't get you comps. Alternatively, be a fun person and the supervisor will probably hook you up because we appreciate the fun (not drunk) people.
Those two words likely don't go together. Trust me, we deal with SO many people every night that if you're drunk we are probably throwing you in with the others no matter what.
Counting cards is not cheating at all. You're not doing anything but keeping a running total in your head and basing your play off of that. That being said, casinos are private businesses and can refuse service to anyone for any reason. Yes, people have been caught counting cards. The majority of them aren't that good at it, to be honest, and so we let them think they're getting one over on us (and still lose.) If someone wins "too much" or does too well, they will be approached by senior management and told that they can still play but can no longer play blackjack.
Generally I'm looking to see if they deviate from a reasonable basic strategy and have an abnormal success rate on hands where they make questionable plays. At that point I'll run a count as they play and see if they are changing their strategy and/or betting patterns when the count is in their favor.
Honestly these days it's all computerized. Your play (on your players card) determines the comps you get. If it's your first time or your birthday (or you've played and/or lost a lot) you'll get more than you "should."
Some casinos (ours included) don't use the electronic betting recognition sofware. If you don't see the dealer pressing a little button before each hand, here's my advice - bet big right at the beginning. A lot of supervisors will put in your average bet when you first sit down and they swipe your players card and then won't adjust your average bet unless you made big changes throughout playing.
My favorite person in the world is my lovely girlfriend, who asked me to do this and also supports me in literally every aspect of my life. She's an incredible person, I'll tell you that much!
We've permanently evicted people for threatening physical violence on other players and/or employees, getting into fights, things like that. A man peed under a blackjack table once; he was evicted and arrested!
Good lord, don't do this. Best-case scenario you get away with it, worst-case scenario you're arrested. You could also get thrown out if they don't want to deal with the cops or it wasn't that large of an amount. But seriously, just bet the don't from the start. You make your money off of the odds anyway.
Cheating is less common than you may think these days. The technology we employ is really advanced, as most places have upgraded their surveillance tech. We can see a lot now. The best ways that people cheat now aren't by physically manipulating things, but by "taking shots." Little things, things like making a hand signal that could be interpreted as a hit or a stand and then raising a fuss if it doesn't go your way. Most casinos will just give you the money if it's not too much instead of fully investigate it.
Some casinos use RFID (they'll have a more plastic feel to them.) Honestly, even high-value casinos' chips are subject to counterfeiting. I've seen stickers replaced, I've even seen people paint lower-denomination chips to look like higher-denomination chips.
The best odds of all the table games is betting the Don't Pass with max odds behind it. Second-best is the Pass Line with max odds behind it. Those odds are true odds, the casino has ZERO house edge.
I HATE auto-shufflers. No, they have no way of knowing how many people are playing at the table or which cards go to the dealer. It's legitimately random, moreso than some dealers who have specific shuffles.
Honestly, I'm probably not looking unless you're winning a large amount or you're making really large swings in your bets. I won't let you know if I suspect you, I'll have already called surveillance and they'll be running down (counting along) on the next shoe to see what you're doing. If you see security or people in suits near your table, just color up and leave. They won't do anything to you, but they're preparing to talk to you about what they've found and might back you off.
Most states will publish the odds for slot machines. Honestly most machines at reputable places (as in not bars) will have a return rate of 95-98%. That's a lower house edge than carnival games or even roulette.
The best perk? Honestly, that it pays well and I don't actually have to DO too much, haha.
I'm fine with people making "dumb" moves. Generally the dealer will say "Are you suuure?" if someone is about to split up their 20 or something like that. Other players do get mad when someone does something, but we protect our players. If someone wants to make a nonstandard or risky move, they have every right to. I personally wouldn't let a player berate another player, and it has nothing to do with the casino's interests.
Facial recognition software has always been pretty strong going back for quite a while now. There aren't really too many ways it's used other than for people who have cheated or who have overall suspicious behavior. That's the only reason we'd want to run the software on someone.
The only time players will get mad is if you're right on top of them. Stand back, see if you can get a pamphlet on the rules of the game you're watching, or just ask the dealers or supervisors! Honestly, they want you to play - not because they want to take your money, but because it's fun to teach and show someone. As for "easy" games, roulette is pretty easy to learn, dice is the most fun but can be overwhelming, carnival games (Three Card Poker, Mississippi Stud) are very easy since they're all poker-based.
We're not allowed to tell someone that we think they have a problem, but we can respond if they tell us they do. We have paperwork on it, we're trained to spot it (chasing losses, claiming to bet money they can't afford, etc) and we also have a hotline they can call. Additionally, players can fill out self-exclusion paperwork banning themselves from the casino if they feel they can't gamble responsibly. If they come back while banned, they can and will be arrested for trespassing.
Table Games pays VERY well compared to other departments. Your housekeeping and security is probably making $10-$12/hr (more than they would at non-casino businesses, but still) and your slot techs are probably making $14 or so an hour. Dealers with the toke rate start above $20/hr, and as you go up (supervisors don't make tips where I work and at most places, although some places give supervisors a cut of it) you make more. Especially for the amount of work I do, I get paid well.
You wouldn't get in trouble at all. Just turn away from the table. Although for comedy purposes, the waitress could come back and say "7&7?" as she brought the drink really loudly, then the table sevens out and blames her.
Before I started working at my current place I heard a story that happened there where the dealer was using their back foot to stop the Big Six wheel (never play Big Six; happy it's gone) early which meant that the people playing knew where it would stop. He was physically handcuffed at the table and arrested. DON'T CHEAT.
You can just push a chip forward and say "For you." They'll thank you and drop it! -Not really, no. Play what you want! Stay away from unruly people in general, wherever they may be. Enjoy yourself!
Years ago a guy was playing blackjack. He lost, left, and then came back with five crumpled up $1 bills so that he could make a $5 bet. He lost, was gone for another hour, and then came back and did it again.
I'm okay with people who come every day, some people enjoy it. But I hate to see people play with money they shouldn't bet with.
It's a lot less stressful than you're worried about. Go in, talk to people, enjoy yourself. It's seriously not that big of a deal, just enjoy your first time! Bring an amount you're okay with losing. Don't bring your ATM card in. Don't chase losses (I know I just lost my last bet but I know I can win the next one!)
It's in your head. The day of, they probably kept tabs on you because you happened to be in an off-limits area with a money transfer. Now, they wouldn't remember or care.
It depends on the casino. Most places I've worked bring in 60-90% of their floor revenue from slots (10-40$ from tables.) Smaller places pull in six-figures per day easily, even on slower days.
It's not part of the dealers' jobs to berate someone that's winning. The only things that should bother a good dice dealer are when people are throwing in tons of late bets or are being rude. If you're winning, good for you! Keep winning! Sounds like they were just being jerks.
It's me, I'm the pit boss. I've come across a couple. The most recent one is a lady that our surveillance ran a report on and concluded that she's definitely counting. She's not that good at it, though, so we let her go because even though she bets big she doesn't actually win. We have the camera on her every time she plays, though.
Mississippi Stud, by far. It used to be Three Card, but it's all about Mississippi Stud now. Total tables at our place is ~40 or so. We haven't had too many new games, lately it's just been adding bonus bets to existing games (three card bonus bets on pretty much all of our carnival games now.)
Most casinos have a tip policy. I can't accept chips or money at all (dealers can accept chips, obviously.) We can't accept non-monetary gifts with a value of over $50 as well.
As a dealer, I've been tipped in orange ($1,000) chips before by high-limit players.
It's hard to say. The amount of people cheating with old methods (counting cards, etc) has declined. The amount of people taking shots (pretending they didn't want that hit, things like that) has increased, but it's harder to prove.
There really aren't ways to maximize it. Increasing your hands per hour won't matter to the computer system, you'd honestly be better off betting more at a slower table because then it shows a higher average bet over a longer period of time.
You apply when a job is available and when a casino is starting/advertising a "dealer school." Some places will offer the training which is usually free, but you're not technically hired until after the class.
Great question! Everyone has to get a responsible alcohol server card, even people that don't serve drinks. It's a basic class that goes over how to spot intoxication, drinks per hour, things like that. People who can serve drinks also have to have a bar card. Where I work, dealers and supervisors can't cut people off. The Pit calls a Beverage Supervisor who makes that call.
It's an interesting question. Some places in the US don't serve free drinks. Everywhere is different. I don't foresee it actually taking, it's a pretty big part of "the experience."
All carnival games are the same. Let It Ride is reverse Mississippi Stud, all the other games like Three Card and Flop are just variants of poker. Live poker is a little different, you can read and learn about it! There's always blackjack, which is simple and fun.
16 tables per supervisor? Different casinos have different terminology, ours has a floor per 4-6 tables and then a pit that oversees it all. 16 seems crazy to me.
Interesting. We have about 40 tables total across multiple pits, but only one pit manager who oversees it all and runs the pencil/rosteroadmap. 1-3 floors per pit, depending on the size (4-6 tables per floor)
Personally, I'd like the tip instead of the bet. One of the places I worked at trained the dealers to always take it instead of betting it. Those bets have house odds; give me the money!
TV shows are dumb. We have cameras everywhere that can zoom in pretty well (no ENHANCE! ENHANCE!) Huge places in Vegas probably do have very sophisticated technology, we're smaller and so we have tons of cameras, security, electronic locks and vaults, things like that.
Last updated: 2014-04-13 00:47 UTC This post was generated by a robot! Send all complaints to epsy.
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