36 Casino Gambling Tips: Ivey's Baccarat Edge Sorting Case with Crockfords

REBLOG> 36 Casino Gambling Tips: Ivey's Baccarat Edge Sorting Case with Crockfords:
SavySeph's Original Blog

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Professional Gambler's Tips

Three Tips from a Professional Gambler is base on quotes taken from Ivey versus Crockfords. Phil Ivey sued London casino Crockfords Club for denying him £7.7m which he won in 20-21 August 2012. The casino withheld the money on the grounds that Ivey cheated.

Edge Sorting

Ivey used a system known as edge sorting to win the money at the baccarat table. The casino claims that this method is not a legitimate strategy because it defeats the premise of the game to nullify the gaming contract.

Kelly Cheung

Cheung Yin Sun (Kelly) assisted Ivey to edge sort the cards by asking the dealer to turn the key cards for baccarat upside-down. The casino referred to Cheung as the unidentified woman.

Casino's Case Unsustainable

Justice Mitting was impressed by that professional conduct Ivey maintains that he said the casino's case was "plainly unsustainable". The case is still on going. At this juncture the case points favorably to Ivey.

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My Comments

Discipline is important for professional gamblers.

Jack of All Trades: Non-smoking Policy Chokes Macau's Casino

REBLOG> Jack of All Trades: Non-smoking Policy Chokes Macau's Casino:
Jack Omnitrade's Original Blog

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Smoking Complements Gambling

The Ravel Casino in Atlantic City did not believe that smoking is a complimentary product for gambling. Macau is following this footstep to put this consumer preference to test. Market Watch warns investors in their 3 Oct 2014 report that strict curbs on smoking laid out in a recent statement by Macau's government information bureau will have a negative impact on share prices for casinos in Macau.

No Smoking Ruling

This recent announcement would completely ban all smoking in "mass areas," although some VIP lounges will still allow it. According to Barclays Research's latest forecasts the smoking rules are stricter than most economists had expected. Barclay initially interpreted the ruling to allow smoking at partitioned premium mass areas on the mass floor. "While previously we had expected just a low-to-mid-single-digit percentage impact to overall gross gaming revenue from the smoking ban (if premium mass areas can still smoke), we would now expect a higher mid-to-high-single-digit impact to overall Gross Gaming Revenue if smoking is not allowed in all premium mass areas as well," the firm said.

The Ravel Story

The Revel Casino opened in April 2012 and had struggled since it started operations. It started out by trying to achieve its niche market by branding itself as an upmarket resort-class casino. This posh concept of no smoking, expensive food and drinks did not appeal to the typical gambling crowd of Atlantic City. The $2.4 billion resort suffered badly from poor patronage. After operating for 10 months, it incurred a debt of $1.5 billion. It filed for bankruptcy on March 2013. In May 2013 the casino got out of bankruptcy by clearing $1.2 billion of debt in exchange for an 82% equity to its lenders. It is unfortunate that Macau had not learned from Ravel.

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My Comments

Smoker can steal your right to a smoke free environment in Macau.