THE SUGARMAN SAYS
In The Sugarman's series on the world's most infamous gamblers we will hear everything from the sublime to the ridiculous. Tales of hopeless losses, majestic wins and gambling the like of which you or I can only dream of.
Today we go straight to the top of the highest echelons of the gaming fraternity with a look at a man
who's gambling exploits will probably never be bettered. In gaming circles a 'Whale' is a member of the gambling elite. A man (or woman)
who's play can actually have an impact on the casino's bottom line.
A true whale can single-handedly make or break a casino's yearly profit margin. GENUINE
'whales', of which there are reportedly 150 in the world, gamble in excess of $100,000 PER HAND and will receive a credit line of upwards of $5 million without the Casino bosses even flinching.
However, even in the land of the casino whale, the rules of Mother Nature still apply. In the two thirds of the water, which covers our planet, there are many big fish, but such is the law of the food chain, one fact will always remain.
No matter how big a fish you are, somewhere out there, lurking beneath the waves is an even bigger creature waiting to bite. Thus in the land of the Casino Whales, where free penthouse suits and the finest champagne on tap come as standard, there once lived a bigger fish.
A whale SO big his mere presence in the building would chill a casino boss or a trackside-betting bookie right down to the bone. Ladies and Gentleman, I bring to you today the daddy of all gamblers one
Kerry Francis Bullmore Packer.
Kerry Packer was Australia's wealthiest man with a personal fortune Estimated at $5 BILLION making him (according to Forbes magazine) the 94th richest man on planet Earth. Amassing his fortune in the cutthroat world of publishing and broadcasting Packer gambled MILLIONS
Depending on where you read accounts of his gambling, one 4 day stay in Las
Vegas' MGM grand Casino in 1997 relieved the house of somewhere between $20-40 million dollars, sank their quarterly earnings report and led to the sacking of several high ranking Casino executives.
In another legendary story Packer got into an altercation with a loud-mouthed Texan at a blackjack table in Vegas.
The story goes that the brash cowboy yelled at Packer "Don't you know who I am boy?
I'm worth $60 million pardner!" The big Australian simply turned and replied
"$60 Million? Toss you for it?"