RSS

Tag Archives: casino

Casino Refuse to Pay Out to Winner

Never been much of a gambler. Other than the occasional lottery ticket when the jackpot hits $500 million – it just isn’t something I am attracted to.

However, being an engineer and tinkerer at heart, who loves learning how things work, I know a bit of how slot machines work, and how they are controlled by the Casino to regulate payouts to maintain the standard house cut. The odd in a casino are set in such a way that the house always maintains a  8-17% cut of all slot machine games. Penny Slots can be as high as 30% In other words the odds of winning are juggled electronically so the house “wins” a steady percentage of the money bet. Meaning about 85% of the money bet goes into “payouts” to the customers. Non-electronic games, Blackjack, Baccarat , Roulette have rules which favor the house winning. Generally if the payout is very high, the chance of winning is very low.

It is bad business not to pay out, as the sight of someone “winning” tends to drive customers to spend more.

So this one, and the “house rules” are definitely …”Bad Business”.

This woman hit a $42.9 million jackpot — but the casino refuses to pay

 

Katrina Bookman (Facebook)

A woman in New York who won nearly $43 million from a slot machine in August was sad to see her wins disappear before her eyes almost immediately, WABC reports.

Katrina Bookman hit the jackpot at the Resorts World Casino in August, but when she came back to collect her winnings the next day, a casino representative told her that she hadn’t actually won.

The machine apparently malfunctioned. While Bookman wasn’t able to walk away with the nearly $43 million, the Casino did offer her a steak dinner.

A notice on the slot machines states, “Malfunctions void all pays and plays.” However, Bookman and her attorney Alan Ripka both believe that she should be offered the maximum amount of money an individual can win on the Sphinx slot machine, which is $6,500.

“They win and the house doesn’t want to pay out. To me that’s unfair,” Ripka said. “The machine takes your money when you lose. It ought to pay it when you win.”

The New York State Gaming Commission says Bookman is only entitled to her winnings, or $2.25. Bookman plans to sue the casino.

The machine she used was reportedly removed, fixed, and then put back for use.

The question here is…If the slot is broken – does the Casino compensate those who have lost money on that broken machine?

 
Leave a comment

Posted by on November 1, 2016 in American Greed

 

Tags: , , , , , , ,

Trump Bankrolled Racist Ads to Stop Mohawk Casino

Trump has no compunction in playing the race card – in business or politics…

Artist rendering of planned St. Regis Mohawk Casino

REVEALED: Trump bankrolled a racist ad campaign against Native Americans to protect his casino biz

Donald Trump has shown no reluctance to do bigoted things during his presidential campaign, whether it’s supporting a ban on Muslims entering the U.S. or attacking a “Mexican” judge as being unfit to rule on the Trump University case.

Because of this, it’s not surprising to learn that Trump once bankrolled a racist ad campaign against Native Americans who had just proposed building a casino in upstate New York.

The Los Angeles Times reports that when the St. Regis Mohawk tribe announced plans to build a casino near a racetrack in the Catskills, Trump decided to bankroll an ad campaign aimed at convincing local communities to kill the project.

Trump plunged $1 million into a purported “grassroots” anti-gambling organization called the New York Institute for Law and Society that warned the casino would bring “increased crime, broken families, bankruptcies and, in the case of the Mohawks, violence.”

But that’s not all: Documents obtained by The Los Angeles Times show that Trump personally signed off on a strategy devised by longtime ally Roger Stone to depict the Mohawks as a violent people who would bring ruin to everyone else in the area.

“Roger, do it!” Trump scrawled on a proposed flier that said the Mohawk tribe was well known for being a violent group that sold drugs and smuggled undocumented immigrants into the country.

Trump and his associates were ordered by the New York Temporary State Commission on Lobbying to pay $250,000 for deceptive advertising by not disclosing the fact that Trump almost single handedly funded the New York Institute for Law and Society, despite the fact that the organization falsely boasted it had raised funds from more than 12,000 donors.

 
2 Comments

Posted by on June 30, 2016 in The Clown Bus

 

Tags: , , , , , , ,

 
%d bloggers like this: