Tuesday, June 3, 2014

Can a Gambler be too Successful?

     Dana White, the UFC founder and president, has to find a new establishment to place his bets after a restriction from the Palms Resort and Casino. The casino, taking notice of White's three month win streak totaling an estimated $2 million, limited the amount of money White could place on each hand from $25,000 to $5,000. It seems a bit odd that a casino would refuse such a lucrative bet, despite the odds being stacked against the player. This is the second time in two years that the casino has tossed White out. This has led to the resort no longer hosting UFC events, and the resentment of the employees who loved white for his overly generous tips. Some sources say that White was tipping up to $200,000 to his dealers, and $10,000 on a $10,000 bill at the hotel's steak house N9ne. White has said that the Mandalay Bay casino has reached out to him about bringing his business there, but when asked about the Palms casino he had this to say, "Casinos don't want to gamble anymore. They're all owned by hedge funds and corporations. They want to stack the odds so much against you that you won't play. Realistically, there's only one place to play left in town. That's Caesars. They will let you play what you want to play. No messing around with limits." Has old high rolling, big risk taking Vegas, faded away into a regulatory business with wager limits and restrictions.

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