‘The Winston’ cocktail, made out of 1858 vintage cognac by a celebrity mixologist at the Crown Melbourne, was section of a bungled publicity stunt that cost the casino over a drink.
The Crown Casino in Melbourne could be stripped of a Guinness World Record because of strange story of a cheating Kiwi millionaire, a $32 million casino scam, a narrowly averted PR disaster, and the entire world’s most expensive cocktail that is free.
The saga begins in September 2013, at the Crown Casino’s Club 23, a bar co-owned by Crown owner James Packer, legendary retired cricketer Shane Warne, and former WSOP Main Event champ Joe Hachem.
Australian news and officials from the Guinness Book of Records had gathered to witness high-roller businessman Giang Nguyen imbibe the world’s most cocktail that is expensive.
‘The Churchill,’ was made with 1858-vintage Croizet Cuvee Leonie cognac, a measure of Chartreuse VEP Vert (a French herbal-infused liqueur developed by monks) and splash of Angostura Bitters, among other ridiculously expensive and somewhat odd components. The drink can be so called since it was purportedly the drink of choice for PM Winston Churchill and President Dwight Eisenhower because they planned the D-Day landings during WWII.
Perhaps Not A inexpensive Date
The cost was AU$12,500, approximately US$9,500, hence most of the hullabaloo as well as the guy from Guinness with all the clipboard watch that is keeping.
But oddly, as present media made note, Nguyen looked uncomfortable, took one sip, declared that it is ‘good’ and hurried down to the evening, leaving about $8000-worth of vintage booze unsipped. Issue is excatly why.
Rewind to February of 2013. Crown announced via pr release that New Zealand millionaire James Manning would be the man to cough up five figures for the impossibly luxe new cocktail. Manning was lured to Crown with a member of the VIP services staff, the department that is faced with attracting and retaining whales that are high-rolling.
The plan was that Manning would come to Crown, gamble big and lose big, before obliging the casino by taking part in their publicity that is little stunt. Just What could possibly go wrong?
What Crown don’t understand was that Manning was a skilled cheat and card countertop, and had employed someone on the inside to signal information to him. Using a technique that the casino have not fully elaborated upon, Manning took Crown for $32 million in just eight hands of blackjack.
‘We could not believe what he had won and a few of the bets he placed were very, very suspicious,’ a previous crown executive told the Sydney Morning Herald. ‘Those eight hands, in particular … he bet contrary to the chances and won, so one of our surveillance guys chose to have a closer look.’
A better look revealed that Manning and their accomplice, the guy from the VIP department who had invited him in the place that is first no less, were in cahoots, running a complex scam to cheat the casino.
Manning was immediately turned out of his room in the middle of the night and banned for eternity through the property. Since the vast majority regarding the money had not yet been settled, Crown opted for not to press costs, but it left the PR department in a bit of the pickle.
‘Having James Manning done for a gambling heist just before the event was not into the script,’ said a previous member of crown’s PR team. ‘We had the cognac, we had the event arranged, we just didn’t have a customer. We had been within an awful bind.’
The the fact is, then, that Nguyen was a shill, a friend of the management, bussed in at the minute that is last. The promotion stunt had been all for show and the Crown would reimburse him the complete sum the morning that is next.
Essentially, Nguyen got a drink of the world’s most expensive cocktail for free of Crown, in which he wasn’t also a premier model or Mariah Carey.
Macau Revenues Down Again, But Some See Signs Of Hope
Macau’s gaming industry continues to struggle, though analysts see some indications of the recovery. (Image: Ed Jones/AFP/Getty Pictures)
Macau’s gaming profits are continuing their apparently endless tumble, falling once again in June to produce it 13 straight months of decline for the Chinese enclave.
However, not all for the news coming out of Macau was bad for the gambling enterprises, suggesting that whilst the present trends are painful, there can be hope on the horizon that things could enhance in the not-too-distant future.
First, though, there is the news that is bad.
Macau’s Gaming Inspection and Coordination Bureau reported that casinos in the territory took in less than $2.2 billion in gaming income in June, down 36 percent compared to the period that is same year earlier.
That’s the cheapest figure for Macau since November 2010.
Overall, annual gaming revenues are down about 37 percent in 2015 set alongside the first 6 months of final year.
Incremental Improvement Provides Some Hope
Still, the June figures were slightly better than the projections of some analysts.
‘Although a 36 per cent year-over-year decline is definately not healthier, we find it encouraging the theme of modest comparison that is sequential remains on trend,’ said gaming analyst Steven Wieczynski of Stifel Nicolaus Capital Markets.
In other terms, the fact that things have been slightly less terrible for Macau recently is one step in the right way. There are other indications that revenues could start to tick back up this summer, too.
Gaming revenues were actually up over the last nine days of this which could be related to the start of the summer tourism season month.
The annual numbers could begin looking much better for Macau, especially since the last few months of 2014 were particularly brutal for the casinos there if those increases continue into July.
Relaxed Visitation Rules Could Encourage More Tourism
In addition, the Chinese government finally is apparently stepping in to aid Macau a little. As of Wednesday, visitation rules have been relaxed, and mainland Chinese residents can now go to Macau twice per month instead than twice per every 60 day period. The maximum period of any one stay has also increased from five days to seven.
That choice caused many casino stocks to surge this week. Four of five casino stocks placed in Hong Kong saw their biggest gains within the previous four years, including MGM China, Wynn Macau, and Sands China.
Even in the event the particular effect of this choice is fairly tiny, it could signal a change in policy from the mainland government that is chinese which hurt Macau’s gaming industry significantly with its anti-corruption policies that cut much of the cash movement towards the territory.
Analysts anticipate more supportive measures from China later on in 2015, and even in the event none of these changes are dramatic, they might have positive cumulative impact.
Yet not all of the news coming out of Macau is positive. The Macau government is launching a smoking that is full in its legislature this week. That bill is apt to be passed later on this 12 months, and may be implemented as soon as very early year that is next.
In line with the impact that a ban on smoking in mass market casino areas had, analysts believe that this new ban, which would expand to more private gaming areas, could similarly damage spending by high rollers, with some predicting a 10 to 15 percent reduction in profits because associated with the smoking cigarettes prohibition.
Tennis Match Fixing Issues Continue To Make Headlines
Few would accuse anyone of match fixing at Wimbledon, but numerous state that the practice is widespread among lower-ranked players at smaller occasions. (Image: Wikipedia)
Tennis has been faced with accusations of match fixing for years: from the match that is infamous Nikolay Davydenko and Martin Vassallo Arguello in 2007 that first introduced much of the general public to questions about the integrity of matches in a few smaller tournaments to suspensions levied against two players previously this year, there always appears to be something lurking beneath the sport’s area.
Those concerns were aired again this week in a tale by The Daily Beast, which again attempted to delve through the information out there about tennis and figure out just how much of a issue match fixing is for the sport.
One 2014 research cited in that story estimated that one percent of most tournament that is first-round could be fixed, which may suggest more than 20 matches a year were influenced by gamblers; other estimates and guesses have recommended that multiple matches each week might be fixed, though that’s still a very tiny percentage of most professional tennis matches.
Low Pay Leads to Temptation for Lower-Ranked Players
What makes tennis therefore vulnerable to fit repairing?
There are a mixture of facets, many of which help explain why the problem appears most prominent at the lower levels of the ranks that are professional.
First, there’s the obvious fact that tennis ( at the very least in singles play) is a specific sport.
There is someone that needs to be bribed in an effort to get them to throw a match (the same issue that leads many to worry extensive integrity issues in boxing as well as other combat recreations), and there are no teammates or substitutes to pick up the slack for a player who is struggling.
That said, nobody is accusing Roger Federer and Rafael Nadal of fixing matches at Wimbledon.
For one, there’s the fact that these matches have an intense level of scrutiny if it could be done at all on them; perhaps even more importantly, though, star tennis players are extremely well compensated, meaning it would cost anyone attempting to fix a match at that level an exorbitant amount of money.
That is not to say that nobody tries. Even Novak Djokovic has told a tale to be provided $100,000 to correct a match back in 2006.
But players in the Challenger Tour or other low-ranked competitors aren’t making nearly that much money, and may even even lose cash in a given competition after travel and coaching expenses are taken into consideration.
That means they are targets that are prime gamblers looking to fix a playpokiesfree.com match.
Spot Betting Allows Fixing Without Impacting Match Outcome
Another issue is the fact gamblers don’t even have to correct an entire match to find ways to profit.
Because many gambling sites and bookmakers provide betting on sets or also individual games, players can reach agreements allowing certain events to happen at the right times to satisfy gamblers while still playing to win overall.
‘One particular fix that is common be to separate the first two sets to a predetermined script, then play the third set fairly to ascertain which player progresses,’ sports modeler Ian Dorward told Slate earlier this 12 months.
The Tennis Integrity Unit is the physical human anatomy tasked with rooting out such issues, and they’ve sometimes made examples of players. Each received six-month suspensions and fines for violations of anti-corruption rules, though not for match-fixing in March, Elie Rousset and Walkter Trusendi.
But no real matter what the Integrity Unit does, it is unlikely to change the culture that allows lower-ranked players to be incentivized to aid gamblers who would like to make certain bets.
That would need a complete change in exactly how compensation works up and down the various quantities of expert tennis, something that most likely won’t happen any time quickly.