I've sat down next to several different players at Rincon that carry 8-figure RC balances. One explained that he accumulated nearly all of them in October 2010 when Rincon did 10x for the entire month (and still had 9/6 JoB at denominations up to $25). Told me he'd bought a car and done a $30k kitchen remodel with RC so far but still had the 8-figure balance.
Takes a lot of trust to maintain that kind of balance. More than I'd have.
Gander,
About 2009, was advised by CPA/APVP friend to take only cash for wins at Harrahs and keep TR points low.Easy enough to do. He hasn't changed his mind.We were both 7* back-in-the-day. He still is. Math works for him in CA. Not for me in Boston.For VP players, bankruptcy might be a good thing. Name change; new management; clean slate on reputation and junk bonds. Bring in Michael Gaughan. Use his South Point casino as the model.
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Posted by: C <clementiyn@yahoo.com>
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