The best way to start a thesis on advantage play in the casino industry would be to recount a situation that I was involved with several years ago in Atlantic City. This situation involved a couple of key elements that facilitated this casino's vulnerability to advantage play. There was a dangerous combination, first being a knowledgeable player with the ability to observe casino functions and to find a legal method of exploiting a procedural weakness. This was then mixed with an under educated casino management that directed their attention toward the symptom of the problem and failed to address the problem itself. Fortunately, the situation was corrected before it cost a third party (a major playing card manufacturer) millions of dollars in lost and cancelled contracts. Unfortunately, the situation was not properly analyzed and over a three-month period the casino lost close to $1 million to the advantage player.
The incident occurred at a major Boardwalk property in the late 90's. The exact location is not important. However, the regulatory restrictions regarding blackjack procedures make it important for me to identify that it did happen in Atlantic City, New Jersey. What's important to remember is that Atlantic City gaming regulations (unlike many other regulated gaming jurisdictions) requires the casinos to deal to all players and can only prohibit play if the customer is intoxicated or disturbing the peace, is a confirmed problem (addicted) gambler, or is committing a fraudulent act. The games in question were eight deck blackjack tables located in the high limit room. The player was a well-known card counter with a lengthy reputation as an advantage player on the Jersey shores..........................Continued here............http://www.worldgameprotection.com/archive/2006-02/article.html
The incident occurred at a major Boardwalk property in the late 90's. The exact location is not important. However, the regulatory restrictions regarding blackjack procedures make it important for me to identify that it did happen in Atlantic City, New Jersey. What's important to remember is that Atlantic City gaming regulations (unlike many other regulated gaming jurisdictions) requires the casinos to deal to all players and can only prohibit play if the customer is intoxicated or disturbing the peace, is a confirmed problem (addicted) gambler, or is committing a fraudulent act. The games in question were eight deck blackjack tables located in the high limit room. The player was a well-known card counter with a lengthy reputation as an advantage player on the Jersey shores..........................Continued here............http://www.worldgameprotection.com/archive/2006-02/article.html
