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Bonus Offers & Free Bets

There are too many promotions advertised on b-Bets to go through all of them in detail, so we will focus on the available welcome bonus offers for both the b-Bets Sportsbook and the b-Bets Casino, which are available to you after your first b-Bets login.
The b-Bets Sportsbook welcome bonus offers you a 100% match bonus on your initial deposit up to €100. The wagering requirements are 8x the bonus and deposit amount – meaning if you take full advantage of the Sportsbook offer, you will have to wager €1600 before you can withdraw the full amount of your bonus. Bets made on odds lower than 1.8 will not count towards the wagering requirement, and each bet must be placed on an event with three or more potential outcomes.
The b-Bets Casino welcome bonus offers you a 100% match bonus on your initial deposit up to €250 plus 100 free spins on the Fruit Spin slot game. You will receive 20 free spins each day for 5 days; the minimum deposit for this promotion is €20. Your deposit plus the bonus amount are subject to a wagering requirement of 30x for this promotion. The pay-out is limited to 10x the bonus amount.
The wagering requirements must be fulfilled within 30 days; however, both promotions actually have a buy-out option. This means you can request a payout after fulfilling as little as 20% of the wagering requirements. For example, if your deposit and bonus came to $200 and you have now fulfilled 80% of the wagering requirement, gaining a balance of €1000 in the process, you can cash out €800 (80%), while the remaining wagering requirement is bought off.
Overall these bonus offers are above-average. They may be lower in value than the majority of offers on the market – some can earn you thousands in bonus money – but being able to request a payout without completing the entire wagering requirement is a great benefit. Also, the wagering requirements for the Sportsbook promotion are especially generous, as they are usually much higher. Read our Betway review for an example of this: the operator offers a 100% match bonus on your initial deposit up to €250, but the wagering requirements are 50x.
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Usability, Look & Feel

Our b-Bets reviews found the desktop website design to be simple to use, even if it’s not quite the most aesthetically pleasing you’ll find. The sports section in particular is a little outdated, but there is no doubt that it is very easy to find what you’re looking for. All of the b-Bets betting markets are listed on the left, while there are icons for the most popular sports across the top; and as football is the main focus, the ‘Match of the Day’ is advertised at the top left. You can also switch between decimal, fractional and American odds on the left if you scroll down.
The b-Bets Casino has a more modern look, though it is actually split into two, with a separate ‘Slots’ section. The slot games are divided into categories such as ‘New’, ‘Popular’ and ‘Jackpots’. Under the ‘Casino’ heading, you will find ‘Poker’, ‘Baccarat’, ‘Roulette’, ‘Blackjack’, ‘Video Poker’,‘Scratch Cards’ and ‘Other Games’.
When it comes to b-Bets mobile, there is currently a b-Bets app available, but only for Android. If you don’t have a compatible device, you can simply access the site via the web page in your browser. The b-Bets mobile site has the same theme and most of the same features as its desktop counterpart. That being said, these b-Bets reviews consider the lack of a dedicated b-Bets app for iOS devices to be a problem that is hopefully resolved in the near future.

Payments

These b-Bets reviews can confirm that there are a large number of payment options available. The b-Bets deposit methods include Visa, MasterCard, Neteller, Skrill, Sofort, Zimpler, ecoPayz, Trustly, PaySafeCard, iDebit and more. The minimum b-Bets deposit is €20; transactions are processed instantly and there are no fees. b-Bets converts all currencies into Euros at an exchange rate of the site’s choosing.
Many of the deposit options are also accepted when it comes to withdrawing your funds – just bear in mind that you have to use the same payment method for deposits and withdrawals unless you get in contact with customer service. The b-Bets withdrawal times for cards and eWallets take up to 48 hours, while bank transfers have a b-Bets withdrawal time of 3-5 business days. Minimum withdrawal limits are €20; there are no withdrawal fees.
b-Bets have very low maximum withdrawal limits or €1000 per week and €2500 per month. There is also a frustratingly restrictive maximum daily net win limit of €25,000. If you feel that these withdrawal limits are just a little too low but would otherwise choose to play at b-Bets, check our 24Bettle review, as this sister site to b-Bets is very similar but instead has a maximum monthly withdrawal limit of €5000.
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Customer Service

It is our suggestion in these b-Bets reviews that you should always take a look at a website’s FAQ page before contacting their customer support. b-Bets has a very extensive FAQ section that is divided into 8 designated parts depending on what problem you are having.
If you are unable to find the answer you’re looking for on the site’s FAQ page, or if you’d simply prefer to speak to a trained representative, there are two customer support options available to you: a b-Bets live chat function and an email address. Unfortunately the b-Bets live chat is only available between the hours of 15:30 and 03:30 IST, but you will receive prompt responses within these times. You can expect a reply via email within 24 hours.
The lack of phone support is increasingly common for online gaming websites these days, though we consider it a negative aspect as nothing quite compares to the personal touch of being able to hear the voice of the representative assisting you.
You can also get in contact with b-Bets through their social media accounts, specifically Facebook, Twitter and Instagram.

License & Security

And now in our b-Bets reviews, we will answer the question that everyone should ask themselves before trusting an online gaming site that they haven’t used before, especially as putting your faith in the wrong operator has proved countless times before to be a huge waste of time, effort, and hard-earned money. This question is of course ‘Is b-Bets legit or is b-Bets rigged?’
b-Bets, which launched in 2014 and is owned by Condor Malta Limited, is licensed and regulated by the Malta Gaming Authority. An online gaming site that holds such a license is usually believed to be beyond reproach, with little to no risk of any b-Bets scam or b-Bets fraud taking place. This is because the Malta Gaming Authority is renowned worldwide as one of the ‘Big 4’ (along with the UK, Alderney and Gibraltar) when it comes to regulatory rules and licensing standards. Furthermore, b-Bets uses SSL data encryption and a Random Number Generator (RNG); plus the site is registered with Malta’s Data Protection Commissioner.
However, the maximum daily net win limit mentioned earlier is a problem. Any win limit is considered to be extremely unfair to players, because in the event that you win more you will not receive any money exceeding the limit. There are also a few unreasonable restrictions in the Condor Malta Group’s terms and conditions that have been highlighted – particularly a clause that states ‘No withdrawals shall be accepted from the accounts if a period of three months has elapsed from when the last successful deposit was made. In such cases, a new minimum deposit will be required.’ Though not necessarily a b-Bets fraud or b-Bets scam, these b-Bets reviews regard forcing customers to ‘play to get paid’ as entirely unacceptable as a practice.
Taking everything into account, these b-Bets reviews conclude that a b-Bets scam or b-Bets fraud is unlikely, though if you are a high-stakes player expecting close to or over the maximum daily net win limit, we suggest you look elsewhere.
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Rewards & Loyalty Program

b-Bets doesn’t have the standard rewards or loyalty program you may have come to expect if you already have some experience betting online; instead, the site has its unique ‘BidBets’ auction system.
Basically, as soon as you claim your b-Bets welcome bonus you receive BidBet credits, which can be used to bid on a series of bonuses. These bonuses include deposit offers, free bets, cash back, free spins, more BidBets and money, to name a few.
Further BidBets are acquired by making wagers on both the site’s Sportsbook and Casino products. At the Casino, you earn 1 BidBet credit for every €20 you play on any slot game. You can also earn BidBet credits by playing table games or live casino games, but these have a lower ratio. Unfortunately, we couldn’t find a record of the exact ratio for these games, even though the website claims that they are stated on the Casino bonus terms page.
There are constantly new items in the auction house that you can use your BidBets on, just check the ‘Trending Auctions’ drop-down menu at the top right of each page.

b-Bets Sports Betting

Betting Markets

There are fewer than 30 b-Bets betting markets available, which isn’t the greatest variety when compared to close competitors in the industry.
As well as some of the most popular sports in the world like football, baseball, basketball, boxing, cricket, darts, golf, ice hockey, MMA, motorsports, rugby, tennis and American football, there are also less common sports such as badminton, biathlon, cycling, futsal, Gaelic football, Gaelic hurling, pesapallo, snooker and volleyball. You can also place bets on UK and US politics. eSports options include DOTA 2, League of Legends, Overwatch, Rainbow Six and a few others. Unfortunately, there are no b-Bets betting options available for horse racing.

Odds

While compiling these b-Bets reviews, we performed an odds comparison between this online Sportsbook and that of competitor Royal Panda, using the full-time result of the upcoming FA Cup final match, Arsenal vs. Chelsea. Here’s a breakdown:
  • Arsenal to win: b-Bets = 3.35; Royal Panda = 3.40
  • Draw: b-Bets = 3.50; Royal Panda = 3.57
  • Chelsea to win: b-Bets = 2.19; Royal Panda = 2.18
Although it’s a very close call, you can see that the b-Bets betting odds aren’t quite as good as those of Royal Panda. Regardless, these odds aren’t far from the industry leaders in the sports betting market, proving that the b-Bets betting odds are very competitive. For more details on the competitor, have a look at our Royal Panda review.
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Live Betting & Streaming

There is a moderate live betting section on the b-Bets website. The main live betting markets are football, baseball, basketball, ice hockey, table tennis and eSports.
The benefits to the b-Bets live betting section include a multichoice layout and a b-Bets betting calendar, which is ideal if you’re looking to plan for future games. However, there is a huge downside in the fact that there is no live streaming available; instead, there is a ‘Match Live’ section on the right of the page where you can view a graphical representation of the action combined with in-play statistics.

Limits

As previously mentioned in these b-Bets reviews, there is a €25,000 maximum daily net win limit on all wagers.

Product Summary & Conclusion

The b-Bets Sportsbook isn’t exactly the best when compared to its closest competitors: the selection of betting markets and bet types is below-average; the maximum daily net win limit and withdrawal limits are major weaknesses, especially to big-money bettors; and there is no live streaming. The biggest upside is the competitive odds, and when combined with the useful sports betting promotions with relatively low wagering requirements, you should be able to find some use in the b-Bets Sportsbook.
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b-Bets Casino Review

Introduction

Regardless of whether you are anticipating for your favorite football club to score a goal, or if you need that multiplier wild to land in the right position for the big win, b-Bets casino is the place where all this is possible.
This is an online casino and sportsbook founded on experience, as it was started in 2014. The company has an operating licence from the government of Malta which means players can enjoy a secure, legitimate i-gaming site where wins are paid in cash.
Some of the highlights that deem b-Bets a popular destination are the auctions in the sportsbook part of the site, the slots competitions and a rather sizeable offering of bonuses and promotions that all registered players can claim more than just one time.
Our casino experts' b-Bets Casino review takes into consideration all elements that cover the site in its entirety. Our conclusion is that this site can rank in the top of the medium-level casino tier, very close to big fish out there. Needless to say, it is definitely worth checking it out.

Online Slots and Providors

We mentioned there are more than 30 providers at b-Bets, but who all is exactly on that list? We can mention few and anyone that wants to explore the rest is welcome to claim the b-Bet casino bonus and play.
Some of the companies are iSoftBet, NetEnt, Microgaming, Betsoft, Play'n GO, Quickspin, Big Time Gaming, Booming Games, Pragmatic Play and many other big and exclusive studios.
b-Bets Casino has two strengths if we really have to make such a distinction. Online slots are one, thanks to a huge list of games that come from more than 30 top-level providers. The selection of slots includes new games, popular games, as well as jackpot slots, some of which offer prizes of more than 25,000x times your bet.
Pro players out there can look up a game they know for its potential by using the search button. New and casual players can take their pick from the lot of games by checking out new titles, popular, varourites, jackpots and so on. More than 500 online slots are accessible both on the b-Bets casino mobile site as well as on personal computer.
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Table and Live Casino Games

In all objectivity, the list of virtual casino games isn't as high as the sky, but it offers enough table and card games, and a variety thereof, to provide the players with solid options.
Browsing the b-Bets casino website opens up several categories: poker, baccarat, roulette, blackjack and video poker. If anyone is up for instant scratch cards, these are available also. And just in case, the 'Other Games' category offers several bingo games, keno, craps, virtual racing games and more.
One of the most sought-after platform for online casino gaming are live dealer games. These are provided by solid operations only and b-Bets casino is one of those. Players can explore few dozen games that can be played online but against the dealer live. Games include varieties of poker, blackjack, hold'em, baccarat, roulette, but also football studio, monopoly live and more.

b-Bets Casino Promotions and Bonuses

Slots players can enjoy a bonus galore via EkstraPoint by claiming the offer for new players. So those who have never played at b-Bets casino, this is your chance to seize your key.
The bonus offer provides a 100% match-up on your deposit for up to €250. On top of that, b-Bets is going to add 100 free spins as part of the welcome offer.
This may be the best offer for new players, but it isn't the only one. Those who register can receive additional promotions via email, as well as regular promotions such as Free bet Fridays, daily free spins and more.

Vip Program

One of the highlights that makes b-Bets casino stand apart form other casinos are the Auctions.
These represent a loyalty offer, which is an ongoing thing that's available to all players.
The way it works is, claiming bonuses adds BidBet credits. These can be used to make bids on different bonuses such as cashbacks, free spins, deposit offers and more.
What is more, simply playing casino games and betting on sports matches causes points to add up. Every €20 distributed in bets on any slot game adds 1 BidBet point.
BidBet points can accumulate over time and provide a nice package of credits that can be applied to any of the list of options that are available on the website.
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b-Bets Casino Mobile Experience

The quality of the gaming experience comes from the quality of the website. The b-Bets casino mobile site is state of the art, but only because the desktop site is so stellar.
Players can navigate both with ease and explore the gaming categories that have neatly collected slots, casino games and promotions according to style, jackpot size, date of release and so on.
Some players don't have a favorite slot or casino game and if you are one, don't worry a bit. B-Bets casino has a ticker on the homepage that shows the latest winners, with the amounts they've won as well as the game. To some, this gives an idea what slot game to play next.
Of course, there are many other niceties about the site, such as the ability to log in with Facebook, Google or Twitter, the option to place limits or to self-exclude, which is in line with the company's safe gaming commitment, and more.

b-Bets Casino Payment Methods

b-Bets casino enables players to make a deposit by using some of the world's most popular services. These include MasterCard, Visa, Skrill, NetEller, Paysafecard, ecoPayz, Interac, Siirto, Instadebit, Zimpler, bank transfer and more.
Minimum amount for deposits is €10.00 and the minimum for withdrawals is €20.00 per transaction.
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b-Bets Casino Support and Security

Getting in touch with b-Bets casino is easy. The website offers a live chat and email option. All inquiries are responded to at the fastest ability of the b-Bets help desk.
In terms of security, the website has 128-bit encryption and protocols that enable players to log in securely, make transactions and enjoy privacy, as the company complies with the laws and regulations of the Malta Gaming Authority.

Conclusion

Players who want to have slots, casino games and a sportsbook handy should not overlook the b-Bets casino bonus for new players. Signing up is secure and takes a couple of minutes, only to avail more than 500 online slots, a whole variety of casino games, live casino and a sportsbook that has the world’s best football leagues, and more.
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Mozzart Casino 20 EUR free bet bonus no deposit required

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Mozzart Casino is a place in which you can find a range of exciting casino games to bet on and much more. The site has a dominant dark theme, which may not seem appealing to everyone, but it makes the design look elegant. Since the platform’s website is quite intuitive, you will have no problems finding all the necessary info about promotions, casino games, and customer support in case you need it.

Mozzart Casino Welcome Bonus

A generous welcome bonus is available for all new members on the site. The minimum deposit to employ the welcome bonus is set at €10, and it offers a 100% match up to €300. Meanwhile, the wagering requirements are set at x35.
Additionally, there are many different bonuses from which the players can benefit. Such is the case with Happy Monday, Daily Jackpots, Top Minutes Boosted Odds, Cashback, and many others.

Mozzart Casino Promo Code

A promo code is necessary for players to obtain the Welcome Bonus. The Promo Code to trigger the welcome bonus is BONUS300. If you consider yourself a bonus hunter, consider subscribing to their weekly newsletter in case they give an update regarding promo codes.
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Happy Monday Bonus

Happy Monday is the bonus that has been designed for loyal players of the casino. In case you are in for this, all you have to do is regularly check your account on Monday and claim your bonus. That’s pretty much it, and now you have extra money to use for betting.

Cashback

It can be quite disappointing to have all winnings slip, preventing you from enjoying your time at the casino. This platform will make the situation much more bearable for you by refunding your money depending on your bet size and game. Still, consider checking out the official website to learn about the eligibility requirements for this bonus.

Mozzart Games

Mozzart has a variety of casino games & sports betting options, giving a place for every fan of casino games. Even when it comes to traditional casino games, Mozzart is not at all behind.
You can find plenty of different slots from the best providers on the website, and all available for spinning. Moreover, table games and a live casino section are all included at this casino platform.

Slots

Slots come fast and furious at Mozzart Casino. Some of the best providers you may see include Playson, EGT, Pragmatic, Greentube, Endorphina, and many, many more. You can find all your favourite titles here, such as 888 Dragons, Mega Joker, Triple Magic, Grand Spinn, and many more. It is quite an unforgettable pleasure for all those who want to spin the wheel!

Table Games

The casino’s table games library includes many jackpot games, video poker games, games of numbers, Lucky Super 6, and many more. Without a single drop of doubt, every punter will find his favourite table game to try his luck on.

Live Casino

When it comes to the live casino segment, Roulette Silver, Blackjack Platinum, Blitz Blackjack, are just a few of the many live casino games offered at Mozzart. If you love the atmosphere of a traditional brick-and-mortar casino but still want to be comfortable at your own home, consider checking out the live games section at Mozzart Casino.

Mobile Gaming

Mozzart Casino App is also available for those whose devices are powered by Android. You can download the Mozzart Casino App right from the site of the platform. Even though there isn’t an app available for iOS users, they can perfectly use the website, which is compatible with small screen devices.
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Safety & Security

Mozzart Casino’s website uses modern encryption technology, ensuring that all player data is secure. The platform holds an MGA license, ensuring that every result is purely random. Overall, you shouldn’t have any problems with your safety at Mozzart Casino. In case you do encounter a problem, you can contact their customer support team.

Deposits & Withdrawals

All major credit and debit cards are accepted at Mozzart Casino, including Visa, MasterCard, Maestro, Skrill, Neteller, and others. They can be freely used either to make a deposit or to withdraw winnings. The minimum deposit is set at €10, and the minimum withdrawal is €20. The maximum withdrawal amount is met at €50,000 monthly.

Customer Support

Customer support at Mozzart Casino is quite good and fast. It includes 24/7 live chat and emails, so you can reach out to their agents if you have some questions or problems. Customer support languages are English and Serbian.
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Conclusion

Mozzart Casino is one of the best online casinos available for many players around the globe. It seems apparent that the company has been working pretty hard to provide the punters with basically everything they need. Ultimately, it is a single destination for anyone who wants to have a great time and get a chance to win good money.
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Yes, Mozzartbet Casino holds an MGA license.

Is There A Live Casino Section at Mozzartbet?

Yes, Mozzartbet Casino features a wide range of live dealer games, including different roulette, blackjack, and poker variations.
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B-Bets Casino Review

Introduction

Regardless of whether you are anticipating for your favorite football club to score a goal, or if you need that multiplier wild to land in the right position for the big win, b-Bets casino is the place where all this is possible.
This is an online casino and sportsbook founded on experience, as it was started in 2014. The company has an operating licence from the government of Malta which means players can enjoy a secure, legitimate i-gaming site where wins are paid in cash.
Some of the highlights that deem b-Bets a popular destination are the auctions in the sportsbook part of the site, the slots competitions and a rather sizeable offering of bonuses and promotions that all registered players can claim more than just one time.
Our casino experts' b-Bets Casino review takes into consideration all elements that cover the site in its entirety. Our conclusion is that this site can rank in the top of the medium-level casino tier, very close to big fish out there. Needless to say, it is definitely worth checking it out.

b-Bets Online Slots and Providors

We mentioned there are more than 30 providers at b-Bets, but who all is exactly on that list? We can mention few and anyone that wants to explore the rest is welcome to claim the b-Bet casino bonus and play.
Some of the companies are iSoftBet, NetEnt, Microgaming, Betsoft, Play'n GO, Quickspin, Big Time Gaming, Booming Games, Pragmatic Play and many other big and exclusive studios.
b-Bets Casino has two strengths if we really have to make such a distinction. Online slots are one, thanks to a huge list of games that come from more than 30 top-level providers. The selection of slots includes new games, popular games, as well as jackpot slots, some of which offer prizes of more than 25,000x times your bet.
Pro players out there can look up a game they know for its potential by using the search button. New and casual players can take their pick from the lot of games by checking out new titles, popular, varourites, jackpots and so on. More than 500 online slots are accessible both on the b-Bets casino mobile site as well as on personal computer.
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b-Bets Table and Live Casino Games

In all objectivity, the list of virtual casino games isn't as high as the sky, but it offers enough table and card games, and a variety thereof, to provide the players with solid options.
Browsing the b-Bets casino website opens up several categories: poker, baccarat, roulette, blackjack and video poker. If anyone is up for instant scratch cards, these are available also. And just in case, the 'Other Games' category offers several bingo games, keno, craps, virtual racing games and more.
One of the most sought-after platform for online casino gaming are live dealer games. These are provided by solid operations only and b-Bets casino is one of those. Players can explore few dozen games that can be played online but against the dealer live. Games include varieties of poker, blackjack, hold'em, baccarat, roulette, but also football studio, monopoly live and more.

b-Bets Promotions and Bonuses

Slots players can enjoy a bonus galore via EkstraPoint by claiming the offer for new players. So those who have never played at b-Bets casino, this is your chance to seize your key.
The bonus offer provides a 100% match-up on your deposit for up to €250. On top of that, b-Bets is going to add 100 free spins as part of the welcome offer.
This may be the best offer for new players, but it isn't the only one. Those who register can receive additional promotions via email, as well as regular promotions such as Free bet Fridays, daily free spins and more.
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b-Bets Vip Program

One of the highlights that makes b-Bets casino stand apart form other casinos are the Auctions.
These represent a loyalty offer, which is an ongoing thing that's available to all players.
The way it works is, claiming bonuses adds BidBet credits. These can be used to make bids on different bonuses such as cashbacks, free spins, deposit offers and more.
What is more, simply playing casino games and betting on sports matches causes points to add up. Every €20 distributed in bets on any slot game adds 1 BidBet point.
BidBet points can accumulate over time and provide a nice package of credits that can be applied to any of the list of options that are available on the website.

b-Bets Mobile Experience

The quality of the gaming experience comes from the quality of the website. The b-Bets casino mobile site is state of the art, but only because the desktop site is so stellar.
Players can navigate both with ease and explore the gaming categories that have neatly collected slots, casino games and promotions according to style, jackpot size, date of release and so on.
Some players don't have a favorite slot or casino game and if you are one, don't worry a bit. B-Bets casino has a ticker on the homepage that shows the latest winners, with the amounts they've won as well as the game. To some, this gives an idea what slot game to play next.
Of course, there are many other niceties about the site, such as the ability to log in with Facebook, Google or Twitter, the option to place limits or to self-exclude, which is in line with the company's safe gaming commitment, and more.
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b-Bets Payment Methods

b-Bets casino enables players to make a deposit by using some of the world's most popular services. These include MasterCard, Visa, Skrill, NetEller, Paysafecard, ecoPayz, Interac, Siirto, Instadebit, Zimpler, bank transfer and more.
Minimum amount for deposits is €10.00 and the minimum for withdrawals is €20.00 per transaction.

b-Bets Support and Security

Getting in touch with b-Bets casino is easy. The website offers a live chat and email option. All inquiries are responded to at the fastest ability of the b-Bets help desk.
In terms of security, the website has 128-bit encryption and protocols that enable players to log in securely, make transactions and enjoy privacy, as the company complies with the laws and regulations of the Malta Gaming Authority.

Conclusion

Players who want to have slots, casino games and a sportsbook handy should not overlook the b-Bets casino bonus for new players. Signing up is secure and takes a couple of minutes, only to avail more than 500 online slots, a whole variety of casino games, live casino and a sportsbook that has the world’s best football leagues, and more.
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Timeline of Trump's Russia Connections from KGB Cultivation to United State President

The Russia Mafia is part and parcel of Russian intelligence. Russia is a mafia state. That is not a metaphor. Putin is head of the Mafia. So the fact that they have deep ties to Donald Trump is deeply disturbing. Trump conducted FIVE completely private meetings and conferences with Putin, and has gone to great lengths to prevent literally anyone, even people in his administration, from learning what was discussed.
According to an ex-KGB spy...Russia has been cultivating Trump as an asset for 40 years.
Trump was first compromised by the Russians in the 80s. In 1984, the Russian Mafia began to use Trump real estate to launder money.
In 1984, David Bogatin — a convicted Russian mobster and close ally of Semion Mogilevich, a major Russian mob boss — met with Trump in Trump Tower right after it opened. Bogatin bought five condos from Trump at that meeting. Those condos were later seized by the government, which claimed they were used to launder money for the Russian mob.
“During the ’80s and ’90s, we in the U.S. government repeatedly saw a pattern by which criminals would use condos and high-rises to launder money,” says Jonathan Winer, a deputy assistant secretary of state for international law enforcement in the Clinton administration. “It didn’t matter that you paid too much, because the real estate values would rise, and it was a way of turning dirty money into clean money. It was done very systematically, and it explained why there are so many high-rises where the units were sold but no one is living in them.”
When Trump Tower was built, as David Cay Johnston reports in The Making of Donald Trump, it was only the second high-rise in New York that accepted anonymous buyers.
In 1987, the Soviet ambassador to the United Nations, Yuri Dubinin, arranged for Trump and his then-wife, Ivana, to enjoy an all-expense-paid trip to Moscow to consider business prospects.
A short while later he made his first call for the dismantling of the NATO alliance. Which would benefit Russia.
At the beginning of 1990 Donald Trump owed a combined $4 billion to more than 70 banks, with $800 million personally guaranteed by his own assets, according to Alan Pomerantz, a lawyer whose team led negotiations between Trump and 72 banks to restructure Trump’s loans. Pomerantz was hired by Citibank.
Interview with Pomerantz
Trump agreed to pay the bond lenders 14% interest, roughly 50% more than he had projected, to raise $675 million. It was the biggest gamble of his career. Trump could not keep pace with his debts. Six months later, the Taj defaulted on interest payments to bondholders as his finances went into a tailspin.
In July 1991, Trump’s Taj Mahal filed for bankruptcy.
So he bankrupted a casino? What about Ru...
The Trump Taj Mahal casino broke anti-money laundering rules 106 times in its first year and a half of operation in the early 1990s, according to the IRS in a 1998 settlement agreement.
The casino repeatedly failed to properly report gamblers who cashed out $10,000 or more in a single day, the government said."The violations date back to a time when the Taj Mahal was the preferred gambling spot for Russian mobsters living in Brooklyn, according to federal investigators who tracked organized crime in New York City. They also occurred at a time when the Taj Mahal casino was short on cash and on the verge of bankruptcy."
....ssia
So by the mid 1990s Trump was then at a low point of his career. He defaulted on his debts to a number of large Wall Street banks and was overleveraged. Two of his businesses had declared bankruptcy, the Trump Taj Mahal Casino in Atlantic City and the Plaza Hotel in New York, and the money pit that was the Trump Shuttle went out of business in 1992. Trump companies would ultimately declare Chapter 11 bankruptcy two more times.
Trump was $4 billion in debt after his Atlantic City casinos went bankrupt. No U.S. bank would touch him. Then foreign money began flowing in through Deutsche Bank.
The extremely controversial Deutsche Bank. The Nazi financing, Auschwitz building, law violating, customer misleading, international currency markets manipulating, interest rate rigging, Iran & others sanctions violating, Russian money laundering, salvation of Donald J. Trump.
The agreeing to a $7.2 billion settlement with with the U.S. Department of Justice over its sale and pooling of toxic mortgage securities and causing the 2008 financial crisis bank.
The appears to have facilitated more than half of the $2 trillion of suspicious transactions that were flagged to the U.S. government over nearly two decades bank.
The embroiled in a $20b money-laundering operation, dubbed the Global Laundromat. The launders money for Russian criminals with links to the Kremlin, the old KGB and its main successor, the FSB bank.
That bank.
Three minute video detailing Trump's debts and relationship with Deutsche Bank
In 1998, Russia defaulted on $40 billion in debt, causing the ruble to plummet and Russian banks to close. The ensuing financial panic sent the country’s oligarchs and mobsters scrambling to find a safe place to put their money. That October, just two months after the Russian economy went into a tailspin, Trump broke ground on his biggest project yet.
Directly across the street from the United Nations building.
Russian Linked-Deutsche Bank arranged to lend hundreds of millions of dollars to finance Trump’s construction of a skyscraper next to the United Nations.
Construction got underway in 1999.
Units on the tower’s priciest floors were quickly snatched up by individual buyers from the former Soviet Union, or by limited liability companies connected to Russia. “We had big buyers from Russia and Ukraine and Kazakhstan,” sales agent Debra Stotts told Bloomberg. After Trump World Tower opened, Sotheby’s International Realty teamed up with a Russian real estate company to make a big sales push for the property in Russia. The “tower full of oligarchs,” as Bloomberg called it, became a model for Trump’s projects going forward. All he needed to do, it seemed, was slap the Trump name on a big building, and high-dollar customers from Russia and the former Soviet republics were guaranteed to come rushing in.
New York City real estate broker Dolly Lenz told USA TODAY she sold about 65 condos in Trump World at 845 U.N. Plaza in Manhattan to Russian investors, many of whom sought personal meetings with Trump for his business expertise.
“I had contacts in Moscow looking to invest in the United States,” Lenz said. “They all wanted to meet Donald. They became very friendly.”Lots of Russian and Eastern European Friends. Investing lots of money. And not only in New York.
Miami is known as a hotspot of the ultra-wealthy looking to launder their money from overseas. Thousands of Russians have moved to Sunny Isles. Hundreds of ultra-wealthy former Soviet citizens bought Trump properties in South Florida. People with really disturbing histories investing millions and millions of dollars. Igor Zorin offers a story with all the weirdness modern Miami has to offer: Russian cash, a motorcycle club named after Russia’s powerful special forces and a condo tower branded by Donald Trump.
Thanks to its heavy Russian presence, Sunny Isles has acquired the nickname “Little Moscow.”
From an interview with a Miami based Siberian-born realtor... “Miami is a brand,” she told me as we sat on a sofa in the building’s huge foyer. “People from all over the world want property here.” Developers were only putting up luxury properties because they “know that the crisis has not affected people with money,”
Most of her clients are Russian—there are now three direct flights per week between Moscow and Miami—and increasing numbers are moving to Florida after spending a few years in London first. “It’s a money center, and it’s a lot easier to get your money there than directly to the US, because of laws and tax issues,” she said. “But after your money has been in London for a while, you can move it to other places more easily.”
In the 2000s, Trump turned to licensing deals and trademarks, collecting a fee from other companies using the Trump name. This has allowed Trump to distance himself from properties or projects that have failed or encountered legal trouble and provided a convenient workaround to help launch projects, especially in Russia and former Soviet states, which bear Trump’s name but otherwise little relation to his general business.
Enter Bayrock Group, a development company and key Trump real estate partner during the 2000s. Bayrock partnered with Trump in 2005 and invested an incredible amount of money into the Trump organization under the legal guise of licensing his name and property management. Bayrock was run by two investors:
Felix Sater, a Russian-born mobster who served a year in prison for stabbing a man in the face with a margarita glass during a bar fight, pleaded guilty to racketeering as part of a mafia-driven "pump-and-dump" stock fraud and then escaped jail time by becoming a highly valued government informant. He was an important figure at Bayrock, notably with the Trump SoHo hotel-condominium in New York City, and has said under oath that he represented Trump in Russia and subsequently billed himself as a senior Trump advisor, with an office in Trump Tower. He is a convict who became a govt cooperator for the FBI and other agencies. He grew up with Micahel Cohen --Trump's disbarred former "fixer" attorney. Cohen's family owned El Caribe, which was a mob hangout for the Russian Mafia in Brooklyn. Cohen had ties to Ukrainian oligarchs through his in-laws and his brother's in-laws. Felix Sater's father had ties to the Russian mob.
Tevfik Arif, a Kazakhstan-born former "Soviet official" who drew on bottomless sources of money from the former Soviet republic. Arif graduated from the Moscow Institute of Trade and Economics and worked as a Soviet trade and commerce official for 17 years before moving to New York and founding Bayrock. In 2002, after meeting Trump, he moved Bayrock’s offices to Trump Tower, where he and his staff of Russian émigrés set up shop on the twenty-fourth floor.
Arif was offering him a 20 to 25 percent cut on his overseas projects, he said, not to mention management fees. Trump said in the deposition that Bayrock’s Tevfik Arif “brought the people up from Moscow to meet with me,”and that he was teaming with Bayrock on other planned ventures in Moscow. The only Russians who are likely have the resources and political connections to sponsor such ambitious international deals are the corrupt oligarchs.
In 2005, Trump told The Miami Herald “The name has brought a cachet to certain areas that wouldn’t have had it,” Dezer said Trump’s name put Sunny Isles Beach on the map as a classy destination — and the Trump-branded condo units sold “10 to 20 percent higher than any of our competitors, and at a faster pace.”“We didn’t have any foreclosures or anything, despite the crisis.”
In a 2007 deposition that was part of his unsuccessful defamation lawsuit against reporter Timothy O’Brien Trump testified "that Bayrock was working their international contacts to complete Trump/Bayrock deals in Russia, Ukraine, and Poland. He testified that “Bayrock knew the investors” and that “this was going to be the Trump International Hotel and Tower in Moscow, Kiev, Istanbul, et cetera, and Warsaw, Poland.”
In 2008, Donald Trump Jr. gave the following statement to the “Bridging U.S. and Emerging Markets Real Estate” conference in Manhattan: “[I]n terms of high-end product influx into the United States, Russians make up a pretty disproportionate cross-section of a lot of our assets; say in Dubai, and certainly with our project in SoHo and anywhere in New York. We see a lot of money pouring in from Russia.”
In July 2008, Trump sold a mansion in Palm Beach for $95 million to Dmitry Rybolovlev, a Russian oligarch. Trump had purchased it four years earlier for $41.35 million. The sale price was nearly $54 million more than Trump had paid for the property. This was the height of the recession when all other property had plummeted in value. Must be nice to have so many Russian oligarchs interested in giving you money.
In 2013, Trump went to Russia for the Miss Universe pageant “financed in part by the development company of a Russian billionaire Aras Agalarov.… a Putin ally who is sometimes called the ‘Trump of Russia’ because of his tendency to put his own name on his buildings.” He met with many oligarchs. Timeline of events. Flight records show how long he was there.
Video interview in Moscow where Trump says "...China wanted it this year. And Russia wanted it very badly." I bet they did.
Also in 2013, Federal agents busted an “ultraexclusive, high-stakes, illegal poker ring” run by Russian gangsters out of Trump Tower. They operated card games, illegal gambling websites, and a global sports book and laundered more than $100 million. A condo directly below one owned by Trump reportedly served as HQ for a “sophisticated money-laundering scheme” connected to Semion Mogilevich.
In 2014, Eric Trump told golf reporter James Dodson that the Trump Organization was able to expand during the financial crisis because “We don’t rely on American banks. We have all the funding we need out of Russia. I said, 'Really?' And he said, 'Oh, yeah. We’ve got some guys that really, really love golf, and they’re really invested in our programmes. We just go there all the time.’”
A 2015 racketeering case against Bayrock, Sater, and Arif, and others, alleged that: “for most of its existence it [Bayrock] was substantially and covertly mob-owned and operated,” engaging “in a pattern of continuous, related crimes, including mail, wire, and bank fraud; tax evasion; money laundering; conspiracy; bribery; extortion; and embezzlement.” Although the lawsuit does not allege complicity by Trump, it claims that Bayrock exploited its joint ventures with Trump as a conduit for laundering money and evading taxes. The lawsuit cites as a “Concrete example of their crime, Trump SoHo, [which] stands 454 feet tall at Spring and Varick, where it also stands monument to spectacularly corrupt money-laundering and tax evasion.”
In 2016, the Trump Presidential Campaign was helped by Russia.
(I don't have the presidential term sourced yet. I'll post an update when I do. I'm sure you probably remember most of them...sigh. TY to the main posters here. Obviously I'm standing on your shoulders having taken a lot of the information or articles from here).
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OBLIGATORY FILLER MATERIAL – Giving thanks edition: Kickin’ around Caracas, Pt. 5

Continuing… (It's Part 6 in the saga, I fucked up. Sorry.)
So, after a few re-fueling and impromptu cigar-purchasing stops in South and Central America, we wheel up to the deserted jetway at LAX.
“Thought we were going to Elmendorf?” I asked.
“This isn’t it?” the pilot replied, feigning worry.
“No.”, I replied, “Looks like California. Fruits and nuts. All around. What’s going on? One minute we’re off to Texas, then Cali, then Texas again, now we end up here at the California airport of the iconic tower.”
“Yeah, it’s confusing enough haulin’ civilians around. But when we get a call from Virginia, we tend to comply without any questions,” the pilot explains.
“Aw, shit!”, I sort of exclaim, “Rack and Ruin called?”
“Yeah”, the pilot replies, “Figures you’d know these guys. They said they were closer to LAX rather than Texas and had us divert here. In fact, you look over there, see that dark blue Chevy? That’s them; and evidently, your ride.”
I tipped the airman from earlier a couple of cigars as he helped me with my gear off the plane and into the trunk of Rack and Ruin’s plain-Jane blue late modeled Chevy. Had to move the Sidewinder Missiles off to one side, though.
“Most honorable Agents Lack and Luin!” I quipped in my faux-racist greeting. “What the hell, guys? I’ve got to get to Japan and get some newly rigidified digits.”
“Let’s see your hand”, Agent Rack asks. “Nasty.”
“Yeah”, I sigh “And with the medicos in South America and their penchant for plaster, I don’t so much have a left hand as more of an ankylosaur tail.”
“Or Thagomizer”, Agent Ruin tittered. “Anyone gives you grief, and one upside the head should set them right. Or dead.”
“You’re a riot, Ruin.” I replied, “But not entirely incorrect.”
We all agreed that I really didn’t need any extra accouterments to make myself look more dangerous. I mean with my severe haircut, stern beard clip, and perpetual ‘Go fuck yourself’ scowl.
“Yeah”, I replied, stroking the aforementioned beard, “I just can’t get that. I’m such a people person.”
After Agents Rack and Ruin finished drying their eyes from laughing what I thought was en extremis, we finally got down to business.
“So, what’s the skinny, guys”, I asked. “New marching orders?”
“No. Not as such”, Agent Ruin said, still sniggering over my ‘people person’ comment.
I see we’re moving. Agent Rack is just driving casually, like Chewbacca when they were waiting to see if the Empire went for that expensive Bothan code.
“Then, what?” I asked, getting a slight bit piqued.
“Well”, Agent Ruin noted, “When you went to South America, you took some of your artillery collection with, correct?”
“You know I did. You even made some snide comments about my personal choice of sidearms and their ‘excessive’ calibers, if memory serves”, I reiterated.
“And if you are proceeding normally, as you always do, they’re all nestled in the trunk of this very car. All cleaned, quiet, unloaded, and smelling sweetly of Hoppe’s Number 9 and WD 40, correct?” Rack inquired.
“Yes?” I cautiously venture.
“Well, ya’ big dummy, do you think they’re going to let you saunter into Tokyo armed like the Third Fleet?” Agent Ruin chuckled.
“Um…well…I do have a Diplomatic Passport.” I ventured.
“That’s not going to work this time.”, Agent Ruin said, shaking his head. “They’re tighter than Dick’s Hatband about sidearms. Want to bring in your Rigby SXS .500 Nitro Express double rifle? Not a problem. Sidearms, especially in your alien hunting calibers, nope.”
Well, that’s just….*dandy!”, I reply, semi-put out. “Now what the hell am I going to do?”
“Ever think that’s why Ruin and I are here, now?”, Rack asks.
“And here I thought it was just so you could bask in the warm glow of my fucking wonderful personality. Or that you actually cared about me as a real goddamn human”, I joshed.
“Ummm…yeah”, Rack replies, “There’s no way we can answer that without going on some Deadpool list. “
I agreed.
“OK, here’s the deal: you get your sidearms, ammunition, speed loaders, brass knuckles, Asp, laser range finders, Sap, Zeiss scopes, Kukri, Wisconsin Cheese Whittler, Buck folding skinner, Marine K-Bar, those two ultra-illegal Cheburkov Cobra titanium switchblades...”
“Three. Olga the KGB lady sent me one for Geologist’s Day.”
“Ahem. Those three ultra-illegal Cheburkov switchblades, that Wyoming Speedholer, your MASER Time-Distance Computer, garrote, pocket rail gun and whatever else lethal you carry and deposit it in the iron box in the trunk. We’ll ensure that it’s delivered to Esme post-haste. And by post-haste I mean one of our guys will deliver it personally.”
“Well…I suppose”, I conceded, “But best send someone who’s been to the house recently. I don’t know how much bigger Khan has grown since I left on this little fantasy trip. Wouldn’t want a star on the wall in Langley for someone eaten by a mastiff. Want to see a picture….Oh, bother. That’s right. My phone’s at the bottom of fucking Lake Maracaibo.”
“Good point”, Ruin interjects, “Guess we’ll do a little road trip and deliver it ourselves. Best call Esme and let her know what’s going on.”
“I have no objections to your proposals. Please give Esme this when you see her. I had some luck in the Calaveras Casino and if I don’t send her some mad money. Ouch. She’ll never forgive me for not taking her along to Japan.” I asked.
“But I thought Esme hated Japan? Too crowded and too ‘fussy’, I believe was her estimation.” Ruin asked.
“Yes, but once she saw the Ginza, all bets were off. Shopping the likes of which even Allah himself hasn’t seen.” I replied, slowly shaking my head.
“I see”, Ruin said, “Well, since you’re off to Sapporo, perhaps you can do a recon for Esme on the shopping there.”
“Not bad. Not bad at all.”, I smiled, “Now I know why I let you guys hang around with me.”
So, as advertised, I am now standing on the tarmac at LAX, basically feeling naked.
“Can’t I keep just one switchblade?” I moaned to Agent Rack.
“Go ahead, if you’re really keen on donating it to Japanese customs”, he replied.
“Fuckbuckets.” I groused.
“There, there now. That’s the usual Dr. Rocknocker of which we’re all so fond.” Agent Ruin chuckled.
“Remember, you do have that wallet-sized credit card gizmo from the Company. So you’re not entirely ‘naked’. Think of it as an emergency breechcloth.” He smiled.
“I’d like a larger model if you don’t mind. It’s chilly out here.” I joshed.
After Agents Rack and Ruin stripped me metaphorically naked as they de-weaponized me, they handed me a Business Class ticket to Tokyo, and a pass to the Japan Airlines Hospitality Suite and Lounge.
“So sorry you guys can’t hang around and have a few farewell snorts”, I chided, “But you’ve got a bit of a drive, so best be off before the weather turns to shit.”
“Who says we’re driving?” Agent Rack asked as he hooked a thumb over his shoulder at the ready and waiting C-130 cargo plane currently taxiing slowly in our direction.
“Well, in that case”, I smiled even more broadly, “Let’s invite the flight crew to join us. That’ll make the flight home all that much more interesting.”
After near tear-jerking farewell sentimentalities, i.e., “Piss on you”, “Get stuffed” and “Take a fuckin’ hike”; Agents Rack and Ruin, my weapons and the Agency’s plain-Jane Blue Chevy were all nestled snugger than buggers in ruggers in the belly of the thundering C-130.
Now truly on my own, I trudge the hundred thousand or so centisteps to my departure terminal, make a quick recon that my flight’s still slated to go in a generally westward direction, and hightail it to the nearest courtesy desk to ask for a motorized cart to take me and my remaining luggage to the JAL Hospitality Suite.
Hey. I’m old, infirm, and currently among the walking wounded.
Anyone that disagrees risks an Ankylosaur tail club swat or Thagomizer to the skull.
Finally ensconced in the JAL Hospitality Suite, Polo Lounge of course; I was drinking Tokyo Teas (3 oz. vodka, 2 oz. gin, 2 oz. rum, 1 oz. triple sec, 1 oz. Midori, good splash of lime juice, a slight splash of 7-Up (diet, of course), over ice with a lime wheel) with Pabst Blue Ribbon Extra 1844 chasers and Hangar One’s “Fog Point” vodka on the side, hiding from the brutish realities of this foul year of two thousand and twenty-something, Common Era…
I’ve already called Esme and we’ve had a good, long chat. She still managed to give me her shopping list for whenever I find myself bored on the Ginza.
She’ll be shocked when she learns that I’m not going to be in Tokyo long, but have 1st class tickets on the Bullet Train to Sapporo. Still, I’ll probably find myself in Pole Town or the Stellar Place there, trading piles of US greenbacks for locally produced Japanese curios and clothing.
I can hardly wait.
I order another round of drinks, as the wonderful attendants in the Hospitality Suite were bored out of their skulls because of the COVID-induced drop-in customers flying anywhere that requires a hospitality room stay, and I was virtually the only one around. They tried their level best to outdo each other when it comes to Japanese efficiency and friendliness.
After a couple of hours, they ask if I would like something from the grill, as the day chef had “the COVID” and the night chef just arrived. A quick perusal of the menu and I chose a 28-ounce dry-aged Porterhouse and another round of drinks.
I usually don’t like to eat too much before I fly, but JAL tells me the flight is going to be virtually empty, something like <121 pax, all told, so restroom availability shouldn’t be too much of a concern.
Plus, who am I to say no to a free, blue 28-ounce dry-aged Porterhouse?
There was a bit of difficulty conveying to the chef through the intermediaries of the hospitality just how I wanted my steak.
“Blue,” I said.
“Brue?” was the reply.
“Rare. Very, very rare.” I continued.
Look of total bewilderment.
I drag out my Personal Language Pro, speak “Steak, very, very rate” into the infernal gizmo, and hand the contraption to the attendant.
“珍しい、非常に珍しいステーキ?”[ Mezurashī, hijō ni mezurashī sutēki?]
“Raw! Nama!” I say, louder than need be.
They toddle off to find the chef.
“How is it sir, that you would like your steak cooked?” he asks.
“Very rare. Just a minute or two per side. Inside still cold.” I instructed.
All I got for the trouble was a puzzled smile.
“Give me the language gizmo…” I type in a few words…
“お尻を洗い、角をノックオフして、ここから出してください”
[O shiri o arai,-kaku o nokkuofu shite, koko kara dashite kudasai.]
“Wash its ass, knock its horns off, and walk it out here.”
“OH!” as the lightbulb pops. “Rare. Got it! Excellent!” the chef laughs and zips back to the kitchen.
Like I always say, I’m nothing if not the international ambassador of amity and goodwill.
“Crack tubes!”
Dinner was fantastic. I do wish I could have somehow mailed the Porterhouse bone back home for Khan. After that hambone incident, he might even taste it.
Finally on the plane, in an almost empty Business Class, the flight captain informs us that we’re headed to Haneda Airport Tokyo and anyone not headed in that direction better ‘haul ass off’ the flight or forever hold their peace.
Late-night international flights tend to be a bit more wooly than your average Chicago to Omaha gig.
Especially when the flight’s damn near empty and we have the next 12 hours or so to be best friends.
We taxi, turn and head into the wind. I’m doctoring up a couple of dossiers and keeping my personal cabin attendant, Luna since there were two of us in Business and two business flight attendants, busy with her trying to play ‘Stump the Geologist’.
“I’ll bet you never had this before.” She beamed and handed me a tumbler of very dangerous-looking brown liquor.
I cautiously sniff, take a modest gulp, swirl and glug the rest down.
“Ohishi Single Sherry Cask”, I say with a muffled belch. “Light. Fruity. An Englishman’s drink.”
“Oh. You knew. Let me try again.” She smiles beatifically.
“I have no objections to your proposal.” I smile as nicely as this crotchety old Komodo Dragon could.
She returns with another flagon of spirits; it smells of obsidian, leather, and earth.
I just had some of this back in LAX. I take a snort, smile, and shotgun the rest.
“Hibiki Japanese Harmony…lovely stuff.” I smile. “A little light for my jaded palate, but I’d never turn it down if it were free.”
“Oh, you win again. Wait. One more.” She smiles and skitters off to the galley.
She returns with another soupçon of some more dangerous brown liquor.
“Here, try this. It will make you very popular at social gatherings”. She smiles.
Sniff. “Splendid.” Snort. Swirl. Smile. Shotgun.
“Kanosuke New Born, if I’m not mistaken.” I smile back. “Very nice. I really do like this one.”
“You too good at this. One more!” she stands and stomps off defiantly. She returns in a trice and hands me the glass.
“Hmm…brown. Light notes of earth, leather, dating your daughter, and Kentucky…
“Beam Suntory, right?”
“You know them all!” she says, feigning irritation.
“And I thank you. Those were all excellent. Now, anything in the dangerous clear liquor category? I asked.
Luna smiled as I palmed off a 20k yen tip.
“Oh, no sir. Wait until we land.” She demurred, referring to the gratuity; which is know is not de rigueur in the Orient, but she didn’t seem to mind.
“Just in case we never make it to Tokyo”, I laughed, unknowingly presciently.
We both chuckled about that last line as she tried out various sakes and shōchūs and an actual Japanese ‘White Liquor’ (ホワイトリカー), which were all excellent as was the company.
I tell her that I need to get some work done and could she bring me a tall Rocknocker. After explain the origins and construction of the eponymous drink, she brings me one that must tip the scales at 1 or so liters.
She settles down to an empty seat and I get after the work that I need to finish before we land. I’m about ½ way through my drink when it felt as if the plane hit a brick wall. She quivered and quaked and clutched at herself while I made some comments about the pilot’s mental health.
We dropped like a paralyzed falcon, then just as suddenly, felt like it was an express elevator to Angel’s 11. The plane bucked and shimmied, wickedly. Then we slam-danced right and fell a few more stories. It was like we were in a Mixmaster and the owner was trying out every speed.
The emergency lights in the 777-300ER popped on, and the fasten seat belt sign barked loudly so even sleeping travelers could enjoy the show.
Rinse. Spin. Shudder. Repeat.
Finally, the ride smooths out and we hear the captain on the blower.
“This is your captain speaking…ah, we seem to have hit some uncharted turbulence back there.”
“Thanks, Captain Obvious”, I muttered.
“Everything’s A-OK. “ he reports.
“That’s good”, I note.
“But…”
“There’s always the but…” I groan.
“…we have a couple of warning lights for which we can’t quite account. So to just be safe and certain, we’re going to divert to Hawaii, get a clean bill of health and resume this flight once we make sure everything here is hunky-dory.”
There were scattered groans and applause. Add them together and divide by two and the average response on the flight was “Meh. Whatever.”
Except for the other guy in Business, with whom I hadn’t shared two words. He began to absolutely lose his shit.
“Oh, man! We’re so screwed! Mechanical malfunction? What does that mean?” he positively fizzed with fear.
The flight attendants tried to calm him down, to no avail. They basically gave up and said they’d report his misgivings to the Captain.
I motioned over to my personal flight attendant, Luna, and asked if I could be of service.
“Oh, Doctor Rock”, she smiled at me, “If you could speak with him. You are so calm, and he is…”
“Losing his bloody mind”, I chuckled as I finished her sentence for her. “Of course, I’ll take a stab at it.”
So, I grab my drink and ease over to my Business Class partner and introduce myself.
“Hey, pal. How’s it going? I’m Dr. Rock, gentleman, scholar, and connoisseur of cigars and things alcoholic. You doing OK?”
He looks at me with an ashen face and his eyes the size of bloodshot dinner plates.
“Yeah. I’m Todd Schotts. I’m flying to Japan for business.” He mumbles
“No surprise there,” I reply calmly and take a slug of my drink.
“But now we’re all going to die. The plane is busted and we’ll crash…” he started off again.
“So, Todd is it? Good. You drink?” I asked.
“Yeah?”, he stammered back.
I asked Luna to make us a fresh batch of my eponymous cocktails.
“OK, Todd, listen up”, I began after the drinks were served, “I have flown literally millions of miles over the last 4 decades. On Aeroflot when it was still the USSR. On TACA (Take A Chance Airways), on Chalk’s in the Caribbean, on Bob’s Verrifast Plane Company in Rhodesia, on regional carriers that don’t even exist anymore. All over the world. Had some bad experiences flying, and me ol’ mugger, this ain’t one of them. This is nothing more than the glitch for this mission.”
I chuckled lightly and complimented Luna on a fantastic drink.
“Yeah…yeah…yeah…but we have to land and check out some lights…” Todd squealed.
“Well now, Todd. It would be rather difficult to do any external assessment while in flight, don’t you agree?” I asked.
“But we’re diverting. We have to land and that adds more risk. We’re going to crash and die!” he was coming more and more unglued.
“I will bet you every cent you have on your person and home bank accounts that that will not happen”, I chuckled.
That took him by surprise. At least it shut him up for a while.
“Look, Todd. This is Boeing’s latest model. They have the most incredible safety record. And if a little clear air turbulence were to be knocking planes out of the sky, don’t you think we’d hear about it as the press went berserk?” I asked.
“But they don’t know what the lights mean! What if one of the engines’s out? How far can we fly on one engine?” Todd stuttered.
Having my fill of a supposedly grown man with inane childlike fears, I calmly replied,
“All the way to the crash site.”
He went white.
“...hope we hit something hard. I don’t want to limp away from this.”
He went limp.
Then I went to my seat and motioned for Luna to prepare a reload.
Of course, 45 minutes later, we land without incident at Daniel K. Inouye International Airport, Honolulu Hawaii.
We were told to just wait around until they figure out what the problem if any, was.
They had officials waiting at the end of the jetway to check our COVID status and passports before they let us loose in the terminal.
I asked Luna if she knew this airport. She noted that she did.
“Is there a JAL hospitality room here at this airport? I asked.
“Yes, Doctor. It’s the Sakura Lounge. It is located on the third level above The Local, Terminal 2.” She replied.
“Please notify whoever needs to know that that’s where I’ll be for the duration”, I smiled and handed her my business card. “See you soon, I hope.”
“Oh, Dr. Rock”, she replied, “I am sure it is nothing much. We’ll be back in the air within mere hours.”
“Well then”, I smiled, “Guess I’d better get ready to hoof it to the lounge.”
“Oh, Doctor Rock”, she smiled, “No rush. I will call for you a courtesy cart. You are injured, you are Business, you are priority.”
“I love that Asian efficiency.” I smiled back and toddled down the jetway.
At the terminus of the jetway, I show my COVID-clear papers, dates and times of my Anti-Virus vaccine administrations, the letter from Virginia clearing me of all detention, and my red Russian diplomatic passport.
While in the cart, whizzing our way to the JAL lounge, the driver said “Man! You must be some kind of VIP. You were through that welcoming committee in less than two minutes!”
“Me? Nah!”, I chuckled, “Just an old phart of a geologist that they didn’t want to mess with. Not on such a bright, sunny day as this.”
“I see you’re not wearing a mask.” The driver quipped.
“Very observant. There are reasons for that.” I replied.
He careens around a corner and if this were a normal pre-Covid day, I’m certain we’d have killed hundreds. However, the airport, as I’ve come to grow accustomed to, was virtually deserted.
“Yeah? Like what?” he asks.
“Well, Scooter, 1. I have an active and hardworking immune system that I let off the chain every once in a while for exercise. Got to let it know what it’s up against, right? 2. I’ve had all my shots and some that were experimental. They seem to have worked. And 3. I find it difficult to drink and smoke cigars while wearing a mask. However, if you’d prefer, I will mask up. No problem, though it still is optional.”
“Nah, man”, he said, “I was just wondering if you were one of those religious idiots or conspiracy nuts.”
Nope”, I smiled back, “Just another geologist out in the world plying his trade for cash. Y’know, whorin’ around for money.”
He laughs aloud as we skid to a stop right in front of Lounge.
I slip the guy a $20 and ask if he’d listen for the JAL flight I was just on. If we’re going on ahead today, I’d need him to scoot by and putt-putt me back to the plane.
He laughs and pockets the $20 as quick as a mink ruts.
“No worries. I’ll just hang around this area. I hear anything about the flight, I’ll come and let you know.” He grins.
“Good man”, I say, as I hand him my card. “I’m Dr. Rocknocker. Call me Rock”.
“And I’m Kapula Mano, call me Kap” he replies.
“Good man”, I say again, “Hope to see you in a while.”
He grins, floors his electric cart, and peels out at speeds approaching 4.5 MPH.
I wander into the lounge, show my credentials, and am escorted to a post up on Mahogany Ridge.
The bar is very quiet. Besides the bartender, I can’t see anyone else in the darkened and Smooth Jazz-infused drinking emporium.
I order a local drink, a Mai Tai, just for the experience and something a bit different.
It’s served in a goldfish bowl on a stem, bedecked with a slice of lime, a sprig of mint, a stick of sugar cane, a polychromatic orchid, and the obligate paper umbrella.
“Ah. Mai Tai. I will enjoy it.” I said to no one in particular.
One was enough, and I decided to go back to the old standard. Once I explained to the bartender what that was, he made them heroic and enthusiastically.
I’m reading up on a random dossier, making notes in a new file, and puffing away on a Fuentes Onyx double Maduro Churchill cigar.
I hear a slight cough coming from my right, and this here lovely lady, she sat to my immediate starboard and looked at me semi-quizzically.
Not in the mood for shenanigans of any stripe, I give her the obligate Baja Canada nod and tilt of the drink. I return to my dossiers and continue to read and take notes.
“Excuse me!” I hear.
Fearing the worst, either the woman is Karen-oid anti-smoking or a religious fruit-and-nutburger, I slowly turn to face her and reply, somewhat glacially, I have to admit.
“What?”
“That cigar…”
“Here we go…” I mutter, eyes rolling northward.
“Smells exquisite. Could you tell me the brand? My husband would enjoy some like that.” She notes.
Instantly my demeanor switches 1800.
“Yes, ma’am. It’s an Arturo Fuentes Onyx. Churchill size, or 60 ring x 7” length, double Maduro. Here, take one for your husband. I have an ample supply.” I smile.
“Oh, no. I couldn’t. Could I?” she asks.
“Please. I insist.” I smile the best I could given the circumstances.
“Thank you. You’re too kind…umm…Mr….?”
“Doctor. Doctor Rocknocker. World traveler, oilman, and international ambassador of amity, good drinks, and fine cigars. Call me Rock” I said.
“Oh! A Doctor?” she brightens.
“Yes, of Petroleum Geology and Engineering. Not medicine.” I chuckle.
She chuckles back.
“And I am Hella Aaberg”, as she offers her hand for a quick shake.
“Interesting name, Hella. Scandinavian or Old German heritage?” I ask.
“On my father’s side. He’s Finnish.” She replies.
“But I’ll wager your mother is not Scandinavian, correct?” I ask.
“She was from Truk, an island…”
“In the South Pacific, Micronesia. Was she from Weno city?” I asked.
“Why yes. How could you possibly know that?” she asked.
“Oh, I’ve been there. Great diving amongst the WWII wrecks. I think it’s actually called ‘Chuuk Lagoon’ or something like that now.” I said.
“That’s right! Amazing. Where else have you been?” she asked.
“Anywhere there’s oil, strife, booze, cigars, heavy explosives and typically long distances from whatever most normal people call civilization,” I replied with a chuckle.
Suddenly, I hear a voice booming out behind me.
“Why don’t you save that rapier-like wit for those musky-fuckers back home, Rocko?”
My expression changes. My eyes pop fully wide open.
“Hella?” I asked.
“Yes?”
“May I ask you a favor?”
“You can ask…”
“Thank you. Now, looking over my shoulder, is there a hulking goon of a person, thin up top, paunchy halfway down with the most ridiculously tiny sized shoes you’ve ever seen for a so-called grown man?” I ask.
“Yes. Yes, there is.” She replies.
“I thought so. Many thanks.”
I spin and launch off my barstool and grab Toivo by the hand. He hadn’t seen my left-hand Thagomizer yet.
“Toivo! You old sumbitch. What the flying fennec fox fuck are you, of all people, doing in Hawaii?” I laughed.
“Just keeping an eye on you, Rock!” he laughed equally as loud.
“No, fucking-A, seriously. What the actual fuck? What are you doing in this actual nice place?” I asked.
“Just headed to Tokyo to conduct a bit of service company business. I walked into the lounge and smelled a foul cigar. I figured it can’t be the venerable Dr. Rocknocker. He’s back at some school up north terrorizing geology and engineering grads and undergrads.” Toivo laughed.
“But there I was. Surprise!”, I laughed and pumped his hand.
“What the fuck, Rock. Now what did you do?” he asks, referring to my Ankylosaur tail club left hand.
“Ah, fuck. Long story. Oh, pardon me. Toivo, this is Hella. We were just talking about the South Seas Islands.” I said.
“Planning on running off together?” Toivo laughs, to the amusement of neither party.
“Oh, and this idiot is Toivo, a man with a congenital foot-in-mouth disorder. He’s mostly harmless.” I noted to Hella.
Greetings were shared all around. Hella made some small excuses and said she needed to depart. I gave her another cigar for her husband, shook her hand, and wished her well.
“Here’s my business card. If your husband has any questions, have him drop me a line.” I noted.
Hella smiled beautifully. She said she would. Then she thanked me shook our hands, and like that, there she was, gone.
“Well Toivo, you old bastard. Don't just stand there in the doorway like some lonesome goddamn mouse shit sheepherder, get your ass over here and have a drink.” I motioned over to my perch on Mahogany Ridge.
“Don’t mind if I do”, he says as he deftly winds his way to a seat to my left, snagging a cigar out of my pocket on the way over.
“You might want these”, I say in an exasperated tone, and hand him my gold Dunhill Hobnail lighter and V-cutter gizmo.
He cuts and fires up his heater.
“What you drinkin’, Rock”, he asks.
“Anything with alcohol, as usual. You know that Toiv.” I reply.
“No. I mean right now.” He clarifies.
“Well, I had a Mai Tai. Very nice if you like fruity, flowery drinks. It’s the locals’ favorite.” I reply.
“Sounds good. I’ll have several. And you?” Toivo asks.
“My usual. The bartender is already apprised of the situation.” I reply.
Toivo smiles the smile of one knowing his sobriety is going to be taken out for a swim. Hell, taken out and tossed into the deep end.
Toivo and I sit there, swapping lies, smoking cigars and sipping at our toddies.
Hell, Toivo was slurping them like a sump-pump during an extra-wet summer.
We chattered about family, work, whether or not Tokyo was going to host the Olympics or if the COVID-boogie man scared everyone off.
Toivo, always one afflicted with TB (“Tiny Bladder”) got up to go to the loo for the third time that hour. He left his pocket organizer on the bar and I swear on a stack of Origins of Species, I didn’t touch it.
I reached over to his vacated seat to retrieve my cigar lighter when I looked down and saw in his organizer a tab that reads “Rack & Ruin”.
“Oh. No. Fucking. Way.” I recoiled as I’d just reached out and petted a 6-foot hungover scorpion.
“One of my best friends? Secretly allied with the Agency? No. Not possible.” I drained my drink and called for another.
“No. No. No. It can’t be. No. No fucking way…” as doubt began to dissolve when I thought back to all those times I had just ‘run into’ Toivo.
“But he’s oil patch as well. That could be chalked up to coincidence.” I ruminated quizzically in my brain.
I quickly reflected back on J.M. Darhower: “Yes, you see, there’s no such thing as coincidence. There are no accidents in life. Everything that happens is the result of a calculated move that leads us to where we are.”
She may be the author of the execrable New Adult Sempre series, which Esme likes and I loathe, but she might just be right on this occasion.
Toivo return, lighter in the bladder and good sense. He never even noticed he’d left his organizer out in broad bar light for all to see.
“So, Toivo, when’s your flight?” I ask.
“Oh, man. Was I lucky. The JAL flight to Tokyo from Los Angeles had mechanical trouble and had to divert here. I got a ticket on the plane for that flight, when it continues.
“You mean ‘if it continues’,” I replied.
“Yeah. Yeah. That’s what I meant. Hey! Was that your flight?” he asks innocently. He’s really innocent of fieldcraft.
I decide to have some fun at my old friend’s expense.
“Yep. Hit some CAT (Clear Air Turbulence) and the JAL pilots reported some lighting problem. No apparent ruin to any of the systems. They relay racked their brains to figure it out, but they couldn’t that’s why I here.” I said, waiting for the words to swim upstream in Toivo’s coconut and make some sort of connection.
“Yeah. Double lucky. No problem with the plane and I get to go to Japan early.” Toivo crookedly grins.
“So, no trouble with the plane? Then why haven’t I heard that the flight’s going to resume?” I asked as I pushed a fresh, seriously strong drink to Toivo.
“Oh, must have heard it in the john.” Toivo countered and tried to cover his tracks by taking a huge gulp of his drink and damn near dying coughing.
I pound on Toivo’s back.
“Heimlich time?” I ask.
Toivo signals ‘no’.
“Jesus Christ, Rock. What was that?” he asks.
“Just my usual”, I innocently replied.
“Holy fuck. No wonder you have the reputation of…” Toivo realizes too late that he’s said too much.
“Yeah. They can rack you out. Really ruin a person if they’re not careful.” I reply icily.
“Why, Rock. Whatever do you mean?” Toivo slurred as he realized he’s been caught out.
“The jig is up, you turncoat. You know Agents Rack and Ruin from the agency. Right? You keeping tabs on me for them? You Quisling! You Benedict Arnold!” I almost was on the verge of losing my cool.
“It was nothing. They approached me years ago as I kept being mentioned in your reports. They asked me for some information. One thing leads to another…” Toivo was ready for an Ankylosaur tail club swat to the bean.
“Oh, put your fucking hands down, you asshole.” I smiled and chuckled.
“You’re not mad?” Toivo slurred badly. I had the bartender make him another special drink.
“No, Toivo. Not mad. Just disappointed.” I said, smiling like a Komodo Dragon just finishing up a fortnight-old wildebeest.
Toivo sat there and puzzled and puzzled until his puzzler was sore.
“You’re not going to kill me or anything rude like that?” Toivo asked, half-assedly trying to inject humor into the proceedings.
“Nah. The paperwork’s too ridiculous for me to do another liberation. But, Jesus Fucking Christwagons, Toivo; you could have mentioned it to me. Fuck, I thought we were friends to the end?” I said, dejectedly.
I was really getting through to Toivo. I could tell he was loaded; feeling like shit and massively deplorable.
Great fieldcraft, indeed.
I told him things “are what they are” and that I won’t blow his cover nor his honorarium.
He began to feel better. I often wonder if he was serious about the sanctioning thing.
Then I delivered the strategic missile strike.
“Just remember, Toivo. I wrote your dossier for the Company…”
He swivels to look at me.
“And one for the KGB. Olga says ‘howdy’.” I grin evilly.
Toivo short-circuited at that. Russia is his company’s bread and butter. Now he has the KGB as well as his best buddy looking over his shoulder at every move.
I bought him a few more drinks and continued to needle him about his ’leading a double life’. He was well and truly fuckered when the electric tap-tap driver from before came looking for me to whisk me back to the plane.
Seems it was simply some knocked-out wires on the plane, or slammed bulbs that were generating a false positive, indicating something other than the system that alerts one to something haywire went haywire.
Toivo was pretty much down for the count. I got him sober enough to hand them his ticket and ensure that he was really supposed to be on this flight. Thing was; h e was in Economy, and I was, as always, in Business.
I spoke to Luna, and the plane was going to be even less crowded than previously because some folks could or wouldn’t wait, or didn’t want to go on with the rest of the trip on a ‘damaged’ aircraft, or were just stupid and superstitious.
“Luna, could I pay for the difference between Business and Economy for my less than 100% conscious friend here? He’s had a rough day.” I asked.
“Dr. Rock. Just put him into Business. No one will be the wiser. Luna says so.” As she gave us a grand smile.
“Luna, I owe you. Thanks so much.” I said.
“Now get on board. Your friend looks like he needs all the downtime he can get.”
“Yes, ma’am!” I said and saluted here be best I could which dragging a schnozzled Toivo down the jetway.
I dumped Toivo in a window seat well away from my seat. I know Toivo. He snores like a semi-load of live hogs rocketing downhill locking up the brakes at 88 MPH.
Surprise! There was no one else in Business. Luna looked at me, at Toivo, and gave me a thumbs up.
Whatever I can write to further her career at JAL, she’ll have it before I deplane.
We finally get everyone settled, and with Captain Kangaroo at the helm, we bounced gracelessly off the tarmac, into the warm, tropical Hawaiian air, finally headed for the Land of the Rising Sun.
Toivo was snoring like a chainsaw hitting rusty nails as I worked on the various letters, communiques, and dossiers which needed updating before we reached touchdown. I gave Luna a thick letter with instructions not to open it until we were on the ground and Toivo and I were well off and away into the terminal.
We left Hawaii at 1300 hours, so we should arrive at Tokyo Nareda around 4:00 pm, the previous day. I was so bereft of time and time zones, I couldn’t figure out what time it really was, as judged by my biometric rhythms, so I asked Luna for a stiff drink as I was kicking off my boots and going to attempt to get some kip.
She brought me another liter or so eponymous drink. I was sawing logs by the time I slurped the last swig of that nifty drink.
Suddenly, or later, I have no idea really, some loudmouth drunk asshole from way-the-fuck-back in economy-land toward the ass end of the plane staggered into Business demanding free drinks.
Luna was nothing but civil, and asked him to both shut up and return to his seat. His air cabin hostess, or whatever the fuck they’re calling them these days, will attend to his needs.
“Naw they won’t! They want me to pay for more drinks! I’m broke but I demand more booze! You fucking owe me.” railed the asshole. “I sat at the bar in Hawaii for four hours. Them fuckers charged me an arm and a leg!”
“No, they don’t owe you shit”, I said in a voice that unmistakably loud and clear.
“Fuck you, old man! You stay the fuck out of this!” he bellowed. “Shut up or I’ll do ya’!”
“’Old man’? ‘Do me’? Excuse me. Luna, may I have a word alone with this individual?” I asked sweetly.
Luna shook her head in the affirmative, and I stood up to confront this flagrant asshole.
“Now look, Scooter. You have gone way, way over the fucking line. You are loud. You are abusive. You are obnoxious. And you stink. Plus you insulted a person who is just barely containing his righteous wrath right now. So, I’m giving you one and one only chance to shut up, sit back down before your body spontaneously develops all sort of bruises, contusions, broken bones, and unconsciousness.” I said calmly, evenly, and threateningly.
“What da’ fuck you think you’re going to do…old man?” he screeched, trying to inflate himself into full mammalian threat posture, all 5’ 9” of it.
He didn’t notice Toivo walking up quietly behind him, as Toivo was returning from the head, quiet as a moose.
“Well, Scooter, I am an Air Marshall. Duly appointed, fully trained, and properly pissed off. Right now, I can arrest you, physically detain you, turn this flight around and take you to the Hawaiian police, at your cost for the inconvenience of the entire flight. Or I could arrest you, physically detain you, and turn you over to the Japanese authorities when we land. It’s really your choice. Choose wisely.”
To be continued…
submitted by Rocknocker to Rocknocker [link] [comments]

$700,000 Bet on Fintech - BFT

$700,000 Bet on Fintech - BFT
Alright Degenerates- I posted a small little snippet a day or so ago about BFT. I wanted to do a bit of DD on BFT but also wanted to highlight something that was brought to my attention by a degenerate gambler. Lastly, I wanted to compile some good little snippets that have been put together by some other members as well as from the investor presentation.
Before reading further please understand the major Risks.
  • This is SPAC with ~10.00 NAV, if the deal falls through it could drop to 10.00 USD
  • The warrants could be very lucrative but they can be called and if a deal fails to materialize, these can become worthless.
  • If you're ok with the above risks, continue reading.
Keep in mind that this merger is not complete, but the terms of the deal have been provided to investors and we will be able to either vote yes for the deal or vote no and redeem our shares in BFT for 10.00 cash. So there is downside to this play should the vote not go through or should the two entities terminate the agreement. Right now the downside is ~3 dollars per share according to the close price from today.

MY POSITIONS - Mostly PRPL, PSTH and BFT/BFT.W


https://preview.redd.it/ygrfo9vp0b461.jpg?width=1065&format=pjpg&auto=webp&s=ccd5cd4846d0cdcd6f1ed0e7a37548399a5cf461
https://preview.redd.it/fd3o99vp0b461.jpg?width=1072&format=pjpg&auto=webp&s=96faf02b077fc060c6025bbf7976b54edc6db493


The Customers and MOAT

  • Deep Customer Base with deep ties to gambling/betting industry with Deep penetration in Europe and growing customer bases around the world. Gambling is a tricky business and regulated differently than other industries. Many big players have avoided the industry and Paysafe has a great reputation and has become one of the early movers in the industry. The following are some notable customers.
https://preview.redd.it/0bhbpnvr0b461.jpg?width=473&format=pjpg&auto=webp&s=57ec71dfedd8c6eb1d604282021340fbd8d39025
https://preview.redd.it/cno03rvr0b461.jpg?width=285&format=pjpg&auto=webp&s=4281b8e0db4783b7b4b6cce74f62f0694bdbb008

----------------------------------------------------------------------------------------------------------------------------------------------------- I actually know Paysafe and the usage quite well.
PayPal has many restrictions in Europe regarding iGaming , so does Square.
This is a big play on iGaming for those that aren’t aware.
I was a mid- high stakes online poker player through the 2010-2018. Played a variety of sites. : iPoker; PokerStars, Paddy, MicroGaming, 888, Party. Why so many sites? Because I was always on lookout for where the action was, if a big whale sat down at one online casino; you bet your sweet ass I’m there.
So let me give you my take as a consumer that’s probably spent over $100,000 in transaction fees personally on Paysafe.
This was one of the cheapest and fastest ways to move money around online.
Unlike Stripe this which is against risky business such as CBD and gambling, paysafe is actually one of the leading payment providers in both UK/AUS / Ireland for iGaming.
Big example is William Hill, Bet365, Bwin.
Now why would you want to move money online around as a gambler ?
Well, Visa/MC charge close to 50%->75% more, online casinos = the merchant. They don’t wanna pay that, and in fact put limits on this type of payment processor. (Your visa’s credit cards etc). If a punter deposits / withdraws frequently, the online casino could literally be on the hook for like 20-30% of the turnover throughout the gambler’s period. (This assumes the gambler doesn’t lose all his money per deposit.
Imagine you’re a professional sportsbettor, you’re not loyal to one site. Different spreads / odds are offered on every site, you want to be able to move your money from one to another quickly and cheaply. Arbitrage opportunities do exist in sports betting as bookmakers hedge their books to minimize risk, diff frequencies of bets occur on each sports book; you get the idea.
For recreational punters, it’s simple: some sporting events that are smaller simply don’t exist on one site that exist on another. Eg. Perhaps you using Pinnacle / 10dimes for low spreads on high volume events, but perhaps you want to gamble on live events on bet365 on another day, and bet ponies on Hill.
What if you only have $5000 ? Giant pain in ass to deposit money to each site, paysafe lets you move it around easily.
Should you use visa, you may get blocked from depositing on various sites; Bodog, WHill, Bet365 just to name a few. Withdrawals and clearing deposits with bank transfers or checks takes days-> weeks and gamblers ain’t gonna wait for that shit.
You can also buy prepaid paysafe cards from stores if you don’t wish to use your real credit card; and load that shit up.
One of the biggest markets this is prominent in is South east Asia, they are some of the biggest punters and fucking loving gambling. Looking at you pinoys, Indonesians, Malays. Not everyone wants to fly to Macau to get their rocks off.
As much as this is a play on FinTech, please understand this company has more or less the best Payment service on online gambling globally.
-----------------------------------------------------------------------------------------------------------------------------------------------------

The Comparable VALUATIONS

From this chart you can see that there looks to be some favorable multiples that could improve once a deal closes. Also, I'm very bullish on the great Margins as well as the conservative growth. I think Foley along with the growing Igaming undervalues the potential of this company. Just the Draft Kings relationship make me tingle.

CHART is COURTESY of u/CoachCedricZebaze
https://preview.redd.it/aozxwuft0b461.jpg?width=722&format=pjpg&auto=webp&s=e40cbc4538ff3bef87a31050dca316ecae996a9b

Management and Growth

  • Bill Effing Foley - I have a thing for guys name Bill and this guy get my nips hard.
    • This guy has turned shit into gold. See his previous ventures before and after....

https://preview.redd.it/dp6oe2ew0b461.jpg?width=386&format=pjpg&auto=webp&s=5e6f137c95fec971568dfa5bc07d0290997c753d
https://preview.redd.it/mhl9b7ew0b461.jpg?width=326&format=pjpg&auto=webp&s=f57ec2eb7c7c318323373af10c8bb12b03e9082e
  • Bill has connections and a strategy to dominate Igaming.
  • Igaming addressable Market is expected to grow immensely from a few billion to tens of billions.
https://preview.redd.it/qfacblzz0b461.jpg?width=241&format=pjpg&auto=webp&s=dbcdace95286ffccf613daa79b93554ca3e5728b

This is an end to end payment processor with big big big name relationships for very disruptive companies that have huge addressable markets. The reason I am excited is because IGAMING is just really starting to take off and Paysafe is a first mover with brand new experienced management and very very fair valuations that could pop after a merger.
TL;DR- BUY BFT stock and BFT.W because BFT stands for big freaking tenderloins.
submitted by dhsmatt2 to wallstreetbets [link] [comments]

I’m nee to trading thanks to GME hype. But buying silver.

HI.
New to Reddit. New to trading. During the bubble last week I took the time to read up on trading. It’s not overly complicated. Lots of fun words. But it’s investing. Not gambling.
Read endless posts on WSB. Looked at charts. Past wins and losses. Looked at the market.
What I couldn’t comprehend for the longest time is why the community is continuing to push the narrative to continue to purchase such an overvalued stock like GME. people made millions. People made a difference in sticking it to the hedge funds but the ceiling is upon them for the simple fact that the price is outside the range of most new investors wanting to jump on the train. When the stock reached$10-50 a share everyone and their uncle could jump on and push the narrative. Now at $250 a share (down from over 300 at open) it takes a lot more muscle to move the market. And I’m willing to bet that the majority of people that can easily afford that type of stock know better than to throw money at it.
The stock market is not gambling. It doesn’t work that way. Sure with unregulated/penny stocks it’s a gamble but to to make a bet on a 1700% jump in price in 2 weeks on an insanely overvalued company is just stupid.
$10,000 a stock? $49,000? Hold forever? Are these people crazy? For one it would never reach that. Regardless of how many Reddit fans buy and hold.
GameStop will never be more valuable than alphabet on the market. It just won’t happen.
Sure there are a lot of shorts for GME. Some of that are new shorts. Who wouldn’t short it at this price? What they fail to realize is the unexpected losses hedge funds took last week they can and will gain on the existing price. Just look at the drop market open. I watched the market open and if I had the capital I would have shorted immediately to the $270 range and made on it.
I donno maybe I don’t know what I’m talking about. If I wanted to gamble I would go to a casino. I love casinos. :).
IMO those that are buying and holding AMC for the long are playing with fire.
No I’m not a bot. East coast Canadian with a mew account on wealth simple going to buy stock in silver and some marijuana companies when my deposit clears.
Cheers!
submitted by supergrassman to Wallstreetsilver [link] [comments]

Accuse me of stealing? You will lose everything

First post...be kind! This happened way back in the dark ages, 1986. I was 21 at the time and working for a gas station that was associated with a certain grocery store chain in Washington state. It was owned by a company not affiliated with said chain, but had locations at nearly every one.
As this was long before the days of debit cards, this was a cash only gas station. We didn’t even take credit cards. Customers would pull up, pump their gas and then come to my window to pay. We also sold cigarettes. No drinks, no snacks...customers couldn’t even get into my booth. I had been working there about a year when the company announced it was closing the location. My manager and I were offered positions at another location upstate and we both accepted. We moved our respective families and started our new jobs. As new hires (ugh).
This station was incredible busy. We did more business in 8 hrs than my old location would do in a week. This location also had a different set up: here you would pull into the station from a single entrance, pump your gas, and then drive forward to a single exit where the “Pay Here” booth was located. There were always 2 cashiers on duty. Each cashier had a cash drawer.
One thing I should note, there were also no computers. So closing the drawer down between shifts was timing consuming and tedious. We had to manually count the cigarettes remaining, and count the cash drawers. We would fill out an end of shift report listing the starting balances and the ending balances. We also had to list the gallons sold from each pump. At the end of the shift the total of gallons sold and the total cigarettes sold should equal the cash balance. It is important to note here that not once in the year I had worked for the previous location had I been off by more than 10 cents.
The following morning after my first shift I was informed by the manager that I was short $50. Impossible I said, I balanced out yesterday. He said that I must have stolen that money after I had completed the paperwork. I just looked at him and said, no I didn’t. He gave me a verbal warning and said if it happened again I would be fired and the stolen money would be deducted from my paycheck this week.
In the 5 days that followed I realized quickly the manager was up to something. My old manager who was just another worker now, was also accused of stealing. As was one other new employee. I can’t vouch for the other employee but I’m pretty sure she did nothing wrong. The employees that had been there awhile were never accused of anything. I did some checking and found out this manager was relatively new (had only been there about 6 months) and the other cashiers had been here before him. Only new cashiers were being accused of stealing. And that location had been having “stealing problems” for about 6 months and the turnover was high with the new employees.
I came to work at 6am on a Monday only to be told I was being fired. For cause. The manager accused me of taking $500 out of my drawer the previous Friday. He said he only discovered it this morning (even though he had worked Sat and Sun). I said ok and left. I was pretty angry and instead of going home, I parked in the grocery store parking lot and proceed to settle in to watch the gas station. I knew that at 9am sharp, he would take the cash in the safe and make the weekend deposit. At 9am he left the gas station and headed to the bank. But instead of walking into the bank, he walked into the Indian “casino” next door. It’s not really a casino like we think of today, but more of a betting parlor for the races. It did have slot machines, but no card tables.
I think “Well, this is interesting”.
He comes out of the casino at exactly 10 am, walks next door to the bank, does his business and then heads back to the gas station. I head home with a plan.
Every morning I follow him from the gas station to the casino. I take a picture of him leaving, and one of him arriving at the bank and walking into the casino. I take pictures of him coming out and then heading to the bank. I do this for 5 days straight. He even went on Saturday. On day 3 my old manager was fired for “stealing” $150.
I get the film developed (no digital camera in the dark ages) note the times and dates on the back of each one. Then I call the main office of the gas company. It’s after 5 but I’m hoping someone is there. And there is. I speak to a woman and explain my situation and she says she knows exactly who I should speak to and transfers me. By some grace of God, she has transferred me to none other than the President/CEO of the company!
I tell him my story and tell him I did NOT steal from his company and could prove who actually did. He took down my information and said he would be in touch. I’m thinking to myself “yeah right”. The next morning I went to the station to perform my usual observation of the manager. At 9am he leaves for the “bank”. At 10 am he comes out. At that moment 2 stern looking gentlemen approach him. One pulls out his wallet and shows him something. The other one is talking. The manager goes pale and takes a step back. Next thing I know he is being escorted to a car I hadn’t noticed and they drive off. I lose them at a traffic signal so I head back to the station. They all show back up about 5 min later, and a few minutes after that a police cruiser pulls in. The officer talks to the stern gentleman and proceeds to place the manager in handcuffs. The other man says nothing but is glaring daggers at the manager.
The President called me later that after noon and informed me that the manager had been arrested for embezzlement (turns out that in 6 months he had managed to steal about $5k). He would take the store cash into the casino and gamble with it; if he won, he would make the normal bank deposit. If he lost, he would make the deposit and note in his records that we had been short the previous day. The CEO had already been focusing on that location because of the stealing and high turnover rate, but my information helped them figure out what exactly had been going on.
I was thanked and sent a substantial check as a reward. My old manager was offered the manager’s job and I was offered my old job back. I declined as I had already found another job that I liked more and paid better. The gambling manager was sentenced to 1 year in jail and ordered to attend counseling for his gambling addiction. His wife divorced him and took their 3 children to California. His house was foreclosed on and he ended up in a homeless shelter.
Don’t accuse me of stealing. I will get revenge.
** UPDATE**
Thank you for the likes and awards!
Update 2: this was my first post and I really didn’t expect all the awards. Thank you!
submitted by MudmanNascar2020 to ProRevenge [link] [comments]

Stories from 12 years of Casino Industry

I was asked to make a post about some stories within the Casino grounds so I thought I'd share. I have many so I'll do my best to pick the better ones.
Some back information: I've been a Casino Dealer for 11 years, I've been a supervisor for five years, and I've been a Surveillance Operator for one year. I've worked at three properties, none of which are connected or owned by the same company. I've worked on : Government/Private/Native American owned casinos.
  1. From Hero to Zero.
At my first Casino, I was one of the first group of people who were trained to deal Roulette . After 4 weeks of working 6PM-3AM then doing roulette training from 3AM-8AM (Not paid) , I actually really enjoyed the game and after about six months I became extremely quick at the number game and the pace of the action was steady with very low margin of errors. Young man walks in, cashes in for $500. He buys in for $2 chips and just loads the board. After a few spins and pretty decent hits, he then changes his chips from $2 to 5$ then to $10 and racks his winnings up to $10,000. It was then, five spins in a row, he loaded the board with some pretty gross bets, and every spin I would hit the ONE number with either NO CHIPS on it, or maybe 1 chip , He lost all $10,000 in a matter of minutes. He leaves , and I go on break. After my break I was going back to the same table and wouldn't you know it, the same young man walks in and cashes in another $500. He tells me he just sold his car outside and this is all that he had left. So we do the same deal, buys in for $2 chips, then slowly starts betting $5 chips, $10, $25...and he makes $10,000 AGAIN. Within the next 25 minutes it was straight agony. Every spin, same thing, he would bet $2500 in chips, and win only $250, $400, and after about a half hour he lost it all . Never saw the guy again.
2) Man down
At this property, we are 24 hours for table games. It's currently 5AM , and I'm dealing some $25 Blackjack to this guy. He's probably early thirties , heavy guy. He's sober as can be, but right away I can tell he's been losing. We know how much you've bought in for, how much your down, or up, and I could see he was down $2000+. After about twenty minutes of pure losing, his temper starts to flare.At this point I now have two other guests at my table. Drinking coffee, not saying a word, just losing their money. After losing hand, after hand, this guy looks me straight in the eye, seized up, starts shaking, he can't move. He tries to punch towards me and smashes his stack of chips all over the place and falls backwards to the floor. I call for security, we cannot touch him due to liability . I can't move from my table because, well, liability / casino cash property, all I can do is try to talk to him. As I'm doing so, these other two woman who are sitting at my table just look at me and one says "OK, dealer, cmon lets go " as she taps the table telling me to start dealing and forget about the guy having a stroke on the floor. As security takes him to the ambulance out front, I had to stay behind for a couple minutes and give a statement. I go on break. I come back, and 45 minutes later, he comes right back in with a oxygen tank and keeps gambling for the remainder of the morning.
3) You get a dildo, and YOU get a dildo!
On a late summer Saturday night, we had a large event for these massive muscle guys/strongman competition type thing. After their show, I'm at the roulette table , and five of these boys come over to play. They were absolutely hilarious. They were feeling pretty good, cashed in somewhat large amounts and I could tell this was going to be a fun time. After about a hour of dealing to these guys, it's almost midnight, everybody is pretty hammered , I spin the ball, and all five of these guys take out these god damn (what I can only tell was) two feet purple dildos from inside their pants, and wiping them around in the air. The ladies were just loving it, one of the dildos landed in the roulette wheel and we had to shut the table down to re-calibrate the wheel to make sure nothing had been changed. I just remember that night was so much damn fun, I couldn't believe what I was seeing and I would never forget it.
4) Full Moon
On this day, I was actually training dealers / supervising them on small games like Three Card poker. We opened the table at 10AM, and this older man came and sat down . He played all day. The jackpot was $21,000 and that was pretty high for this table. He played, and played and played. He's one of the players where you know he's wearing a diaper because he's been drinking coffee/pop all day and hasn't moved in eight hours. As the day went on, this man never moved from his chair. Getting closer to midnight, he was aggravated and said "I need to go have a smoke, I'm getting killed in here". He left, and the very next hand, the lady beside him was dealt the jackpot . He didn't say much, but you could just tell he just hated life at that very moment because had he not gotten up, it would of been his hand. The man calmly took his cane , his hat, jacket, coffee, and left. The next morning I found out when he did leave he drove his car straight through his bank and was arrested.
5) Slick Robber
I actually give props to people who can actually pull this off. This story may confuse you so I'll try and explain things as best as possible. A lot of casinos have machines as soon as you walk through the front doors. A man walks up to one of these machines and sticks in HIS $100 bill. He doesn't gamble it, instead he hits the cash out button and gets a $100 TITO ticket where he then takes the ticket to the ATM machine to get his $100. Now remember, his Original $100 is in the slot machine. He then takes the $100 from the ATM and goes back to the same machine, and repeats this process over a hundred times. Essentially he's taking money from the ATM, and loading up the Slot Machine . Now he knows he can't do it too much because if the slot machine gets full of money, the machine will shut down and the slow attendant will have to take all the cash out. So he deposits over $10,000 , then has a small crowbar, he cracks the machine open and makes a run out the front door. To my knowledge he was never caught . But damn, that was pretty smart .
EDIT:
6) Mental Health is a thing.
10PM man walks in to play some high limit BlackJack. This guy knows the game and played well. Dressed nice, drank juice/tea , a little bit of a attitude, cashed in over $10,000. When this man was half way down his buy in, he said something a long the lines of "If I don't win here tonight, I'm going to go set myself on fire." I wasn't sure if he was serious because when people are down, they tend to say a lot of nonsense. I actually left early that night, and from a third party was told he did exactly that in the parking lot. The next day it was clear something terrible had gone wrong in the parking lot .
EDIT:
7) Nothing good happens after midnight
After a busy Saturday night, I was dealing a mix of games, and during this story I was in the middle of Blackjack. I had one young kid (probably 19) sitting in the middle, one older male probably in his later 40's sitting beside him on his right, and I had a really nice couple in their 20's sitting together at the other side. This young kid wasn't playing just sort of watching, and ever time the old man won he would give this young guy some of his winnings. The older man, was a wine drinker, and he had black between all of his teeth, I'll never forget. He's a little drunk but nothing terrible. As the night goes on, the older man goes and uses the washroom, at which point the couple asked the young guy "Oh was that your dad?" and the young guy says "Hah, no I wish!". The couple and I just looked at each other. This old guy, was in complete control over this kid. Absolutely disgusting. The night ends, and I find out the couple called a few of their friends, and they all waited outside by this old mans truck and beat the living hell out of him. 40 years old, sleeping with a 19 year old, completely brain washed . Very weird.
8) That one co-worker where you just wish they would quit.
One of our co-workers, nice guy but had a very big ego and we as employees just sorta left him alone. One day he had enough of the atmosphere and quit. Now usually when you quit, you cannot come back until you paperwork is finalized. How ever, HR was in that day, and he was given the paperwork the very next day. He came in, cashed in $1000, and made $50,000 in about a hour at the Baccarat table. My manager, was extremely annoyed, because now this guy is just mocking the casino and having the time of his life (Thanks for the big tip by the way :) ) and so he decides to call it quits. He wants to ban himself and he wants $50,000 in cash. The casino says Nope, we are going to give you a cheque. Now here's the thing, most business people will take the cheque, how ever you CANT CASH the cheque until the following monday because it's on that day where the funds are available. The casino on the other hand will cash their own check in anytime , because they want you to play. So this guy pretty much said go to hell I want my cash, and he called the police. Police show up, and management promptly gave him the cash.I though it was absolutely hilarious .

9) No good deed goes un punished
I was dealing Three Card Poker, and the jackpot was around $17,000. This old man (a regular) was sitting there all day grinding it out. Super nice guy, always a pleasure to deal to. Well, after hours of playing, he stands up and says "Hey john!, can you come here for a minute?" so his buddy John comes over. He says to John "I need to go take a piss real quick, can you play my card until I get back?" John agrees . John takes the chips and I stop him and explain he can't play his friends chips, he needs to cash in and play his own. And he does. Welp, second hand out and bam, doesn't he win it. The old man comes back and is so happy, he can't believe it. John, took his $17,000, didn't say a word to his "buddy" and walked away. I never felt so much hatred in all my life. Didn't give him a dollar, not a thank you, nothing. The old man sits back down again, the progressive resets to $2500, and he sat there grinding away again.
10) The Top Knot
I had this player , young guy, who was born into a fortune. One of his relatives passed away and left him a pretty big sizable amount of money, so he played poker every single day for the rest of his days. I will add, he IS a good player. I did not enjoy his company just because of the "Know-it-All" attitude, but he was good. We'll call him John. John is 5'10, and well build, with muscle. John also decided today was the day to show off his Top Knot. (google top knot if you're not sure what I mean) So he sits down, and he's absolutely KILLING the table. Every hand, after hand, after hand. And because he's in such a good mood, he's playing any two cards, calling any $500 bet, and he's just dominating. This one guy at the table decided he had enough. He got up, without saying a word and left. A moment later, he comes back in, walks behind John, and takes a pair of scissors , and cuts off his Top Knot. I for one couldn't believe it, dying laughing inside, and it just turned into one big brawl. That was a good day.
11) That one bad seed
One of my best friends who I haven't seen in YEARS ended up being part of the crew. Was kind of nice to catch up. We never really got along as we grew up because he has a very high picture of himself . He wanted that 10/10 woman. A mansion, and a new Corvette. So every month or so we would all go up to the other casino to play. I myself would bring no more than $500, but I couldn't understand how this guy (we'll call him Kyle) was spending THOUSANDS of dollars at the tables. So this wen on for a few months. Well, one day, as we're closing the casino, he and I are in the High Limit room and we're getting ready to close the tables. We are told to take the chips out, count them, put them back, sign this piece of paper and that's it. Well as the supervisor was locking the tray, the piece of paper fell to the floor, so she asked Kyle to grab the piece of paper. As he bends over, a great big $500 chip falls right out of his sock. Kyle was fired immediately , but it all made sense. They offered Kyle a deal where if he replaced all the stolen chips they would not make it public. Not sure how that turned out.
12) If I ever decide to write a book, this will be the last chapter: <3
After working at my first Casino for five years, I met a Indian woman who was visiting from another part of the country. During this time I was explaining a game to her, which honestly I don't think she even cared. She explained she was visiting and sight seeing , and that was that.Well, two years later I ended up moving to the other side of the country and transferred casinos, and low and behold she worked there as a Dealer. We got married , and it's been 5 years.
13) The Tip
One of our tables that we've had for a couple years had a progressive jackpot that had reached $100,000. The dealer at the table was sitting pretty lonely. Nobody really played the game because people knew it was extremely difficult to win the jackpot. My memory is a tad foggy, but you somehow needed to flop the royal flush. This young guy sits down and says to the dealer, we'll call him John. "John, if you pay me that jackpot, I will tip you $10,000" Well John started dealing, and about a half hour into his shift, he F*cking did it. He dealt him the royal. And you know something?This young lad, kept his word, and he made sure there was a audience, and he tipped exactly $10,000. That was a moment right there. That pay cheque was real nice. I think we all got about $500 more than usual. The moment that jackpot was awarded they got rid of the table because the money it was making was not near what the casino wanted. I'm sure there have been bigger tips at other casinos, but that was something special .
14) The Lawsuit
Now this story I'm going to have to beat around the bush a bit due to the nature of what happened. I can't won't answer any questions that you may have on this topic other than what I have to say because it had a lot of publicity . The waitresses at this casino had to wear very thin sexy clothes. Not borderline legal, but it was noticed. One day they called all the waitresses to come in and explained they were changing their outfit to something even more sexier. Now these new dresses were very very borderline legal . The staff said No way. We're not wearing that.So , friday night comes, and the staff work their whole shift, then at the end of their shift were called into a meeting and were all fired. Welp, one of those ladies father was a pretty big time lawyer. Brough the casino to court and won. They won big. Good for them. We had no waitresses for a couple days haha.
Thanks for reading along, I have many more I can add as the day goes on, those were just some off the top of my head. Feel free to ask any questions of the Casino industry. I don't really have many stories about the surveillance department because that's the one area where I can't really say a whole lot due to its privacy and contracts I was and still am under.
submitted by viodox0259 to TalesFromTheFrontDesk [link] [comments]

Fuck it. This isn’t about money anymore. It’s about principle. I’m holding until I die.

I got into this thing looking to make some easy tendies and prevent a couple of greedy hedge funds from destroying a beloved company from my childhood that was struggling during a global pandemic. I have fond memories of reselling my used games for 2% of their value. Also, it was fun and I like the stock.
GameStop’s financials were pretty decent, and the latest console cycle would give them more juice to transform their business model. Then enters Ryan Cohen: a guy whose balls are so big he got the insane idea to recreate Pets.com — a company so terrible it became synonymous with the dot-com bubble — and he fucking outperformed Amazon.
I start learning about this guy and find out he’s pretty smart and bold enough to make it work. Maybe he can hit a second hole in one and turn another “terrible” company, “the blockbuster of video games,” into one that outperforms Amazon too.
I also learn he’s had his struggles recently, and the reason why he sold Chewy.com was because his father was passing away. He sounds like a good person with that crazy/genius quality who deserves a chance, just like GameStop.
So I enter this position, realizing that hedge funds have royally fucked themselves by taking an extremely risky bet while trying to destroy one of the few good things I had to distract myself from the shittiness of the world (before I found this subreddit). Because this trade was not just potentially profitable, but also morally important, I decided to sell the other stocks in my account and even deposited my rent money for the month. I’ll just pay the late fee and tank my credit score, nbd. And like the genius dumb ass I am, I bought right at the top: 14 shares for $4,340.
I knew the hedge funds were going to lose this game. They got caught with their paints down while peeing into the wind. They were checkmated. And what did they do? They went and fucking changed the rules of the game.
Oh hell no. That’s when this shit got real. That’s the moment when everything changed. It wasn’t about money anymore. It wasn’t about profit or loss. It was about principle. No — it was about the soul of the market. You don’t get to write the rules of the game and rewrite those rules when you lose at your own game. They should’ve just taken the L, but they decided to play dirty — real dirty.
Now I start thinking things are getting real fucky. I can 💎 🙌 and keep holding, but I’m going to need to sell at some point... won’t I? Everyone else is going to sell at some point... won’t they? At what point...? Game-theory kicks in and I’m tryna figure out when everyone is going to sell so I can make off with some profit. What’s my exit strategy? What’s everyone else’s exit strategy?
And then those hallowed words of Saint Value came back to me: “What’s an exit strategy?”
Bingo! Exactly! That’s it! There is no exit strategy!
The answer is: there is no answer. The only way to win an unwinnable game is to not play the game.
G A M E — S TO P
Incredible. This is where the game ends. I’ve been thinking too much like a hedge fund manager who puts profit above principle and can only think in terms of entry strategies and exit strategies. This is market logic. But we are no longer playing the game of market logic. The rules of the game have changed. The game is now about the rules of the game itself. This is a fucking meta-game. 4D Chess. And guess what? I’m not playing your game anymore. You’re playing mine.
GameStop shares no longer represent ownership in a company. It’s no longer just something to exchange at market value. The shares represent our values themselves. Will I think in terms of profit and when to sell my shares? Or will I think in terms of my principles? Can I put a price tag on my values? What is a hedge fund willing to pay for my beliefs? And what market price would my values sell for? How much money could I make selling my soul?
It’s true that I don’t have as much skin in the game as others. But I put in whatever I could. And I would never judge someone for needing to feed their family or finally being able to turn their life around and escape this rigged game—this prisoner’s dilemma that we call our economy.
But GameStop shares no longer represent something a price could be put on. GameStop shares now represent something priceless. In fact, they may hold infinite value. They represent the infinite nature of value itself.
The funny thing is, I can live without money. I’ve done it my whole life. But ironically, it’s the hedge fund managers who own all the money in the world that can’t live without it. If that isn’t a better representation of evil, I don’t know what is. Their greed is infinite, and they would break every rule in the world to satisfy that infinite greed.
But I will choose to operate by a different kind of logic. I will play a game of my choosing.
I entered this position because I saw a way to beat the GameMasters at their own game. And they proved to me what I’ve known all long: that the game is, in fact, unwinnable. It is a game designed for me to lose. It’s a casino-prison where only the lucky get to escape.
So, you want my shares? Well, you don’t get my shares. EVER. They’re mine now, and mine forever.
I’m holding onto these shares. Because when this game is all over and the years have passed, and we’ve all forgotten about this amazing moment in history.... every time I open my account I can look back and remember that time I fought the good fight. I can remember the wild, insane, hilarious, anonymous, beautiful, ragtag idiots I had beside me in that shining moment of glory — that moment we had the audacity to try and win an unwinnable game, and almost did.
These shares don’t hold money. They hold sacred memories that will never be taken from me....
Everyone has to make their own choices in life. Everyone must choose which game they will play. But for the first time ever, the game is finally in your hands. What game will you choose? Will you continue to play the game? Or will the game stop?
In my world, the game stops.
I choose to sacrifice my 💎 🙌
Instead, my hands will go galactic 🌌 🙌
After all... YOLO
submitted by VoluminousCheeto to stocks [link] [comments]

Robinhood can be a gambling platform, but it's not and removing it or regulating it will exacerbate the divide between the wealthy and the rest of the U.S.

Hi everyone,
Lately I've been reading and watching on the news about Robinhood and I just wanted to give my two cents as somebody who actually researches Gambling disorder in the United States. My goal in this post is to hopefully encourage people on WSB to become politically active in preventing the regulations or removal of certain aspects that Robinhood allows on its investing platform. First, let me define some terms from the Gambling disorder field:
In this post I will address a few arguments at Robinhood. The first is regarding the "gambling" nature of investment that Robinhood purportedly encourages. The second is that the average investor needs to be "protected" because they lack the information and knowledge to participate on the app.
When I first downloaded Robinhood, I was skeptical at first and proceeded to uninstall and reinstall it multiple times before I deposited $350 to invest in stock. The app provided me a "scratch-off" with my first deposit that rewarded me with my first stock (some medical company). That was the only time that event occurred. If we look at my prior definition of gambling, technically that is not a form of gambling. I placed nothing of value on this random outcome. If the actual act of investing in stock is gambling this leads to an interesting analogy regarding trading platforms, not just Robinhood.
Stocks are the game (roulette, blackjack, craps), Robinhood and trading platforms are the dealers (giving information on the rules of the game and how much it costs to place a bet), and the liberal market is the casino.
In this analogy everybody is in the Casino, and if you don't play the game you stand to lose regardless as your money loses value to inflation. Even worse, if the casino folds the people that didn't cash out or were fully invested in the casino never collapsing (The Great Depression, the recession of 2008 the coronavirus recession) can stand to lose everything even if they didn't participate (regular person that was laid off) or were placing safe bets (ETF's Blue chip stocks etc).
The Massachusetts Secretary of the Commonwealth, William Galvin, is addressing the wrong issue by suing Robinhood. What should be addressed is the reasons that people even participate in Robinhood or in any trading platform. The average individual doesn't understand the market and the United States does not address this ignorance by providing information on how to properly invest for retirement or provide a welfare structure that protects against poverty as individuals become unable to participate fully in the economy due to injury, developmental disability, age, discrimination or lack of access to the "free" market. To claim that people on Robinhood "gamble" for excitement or risk is reductive. People invest their money on Robinhood for the potential accumulate life changing "tendies" that will protect them from the eventuality that they will be unable to participate in the economy and the government will not insulate them from the fiscal impact an individual will (not if) have to deal with in regards rising medical cost for their healthcare and any other services they would require in order to lead a normal life. If William Galvin is actually concerned about the "gamefying" of investment, he should focus on regulating Wall Street and the Banking sector, because last time I checked investors on Robinhood invest with their own money, not the money of other people.
The argument that the average investor isn't informed also leads to more issues that I guarantee the government doesn't want to address or even ask because it would require an expansion of the welfare state and higher taxes on companies and individuals. If the average American is too dumb to invest using Robinhood that what is the solution? The U.S. government has always fought any sort of government guaranteed income or services to insulate an individual against against insolvency from the free market as can be seen by the desire to privatize almost all forms of government programs such as Social Security, Medicare, Food Stamps and Medicaid. This has already occurred with certain programs at the federal level such as HUD which doesn't do anything to help people get affordable housing and the drastic reduction in funding for colleges and universities especially after boomers were done getting their degrees for essentially free.
So lets examine what the average person has to understand in the American economy,
So the average American is suppose to navigate all of the aforementioned areas with little to no government assistance. But Robinhood should be regulated, makes sense. Let's not even talk about that most Americans read at about an 8th grade level and have a tough time understanding that a quarter pounder is less than a one third hamburger...
"Why the third pound hamburger failed: One of the most vivid arithmetic failings displayed by Americans occurred in the early 1980s, when the A&W restaurant chain released a new hamburger to rival the McDonald’s Quarter Pounder. With a third-pound of beef, the A&W burger had more meat than the Quarter Pounder; in taste tests, customers preferred A&W’s burger. And it was less expensive. A lavish A&W television and radio marketing campaign cited these benefits. Yet instead of leaping at the great value, customers snubbed it. Only when the company held customer focus groups did it become clear why. The Third Pounder presented the American public with a test in fractions. And we failed. Misunderstanding the value of one-third, customers believed they were being overcharged. Why, they asked the researchers, should they pay the same amount for a third of a pound of meat as they did for a quarter-pound of meat at McDonald’s. The “4” in “¼,” larger than the “3” in “⅓,” led them astray. --Elizabeth Green, NYT Magazine, on losing money by overestimating the American Public Intelligence."
The REAL QUESTION is what responsibility does the government have to insulate the average American from an economy that by its very nature is predatory, especially when the argument set forth by William Galvinson is that the public doesn't understand how to invest on Robinhood. Especially since the government has told the public from day one to take care of themselves as they get older through investing instead of expecting the government to provide assistance. By removing or regulating Robinhood, the fungibility of the average American's dollar will drop in value because they are prevented from another avenue of wealth accumulation, which research shows (at least for those in poverty) they turn to gambling as a means of wealth accumulation because even though the return on a gamble is less it is technically even since their dollar is also worth less.
I think I may have gone on a rant, sorry.
TL; DR,
Please buy me some tendies William Galvin, because I like to be wined and dined before I GET FUCKED!
Robinhood isn't gambling. Robinhood just provides a service to investing on Wall Street, the actual gambling is our devotion to supply side economics which is the original, STONKS ONLY GO UP 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀
Also, if we are going to start regulating Robinhood because of the actions of a minority (WSB) then we should start regulating other industries that are WAY more predatory and impact a larger amount of the U.S. such as, payday loans, guns, pharma industry, surprise medical bills from emergency rooms, childcare, prison industry, bail industry etc. I bet you the cost to the U.S. economy from those industries is way more than anything Robinhood has done.
Positions: SAVE at 18.45 67 shares; and TQQQ 5 shares at 174.71
submitted by TankMainOW77 to wallstreetbets [link] [comments]

Over 100K In Losses...

Wow...just writing that title it’s hard to fathom. As a kid I valued every penny. I saved like crazy. I don’t know when or how I lost the ability to value a dollar. I think the digitalization of currency (credit cards, debit cards, etc) has made it so easy to think of these deposits and transactions as almost like play money...
I couldn’t imagine whipping out $1,000+ in cold hard cash at a casino and throwing it on some stupid ass sports contest. But two clicks on my phone? I’m in. It’s unbelievably addicting.
I know I’m super compulsive and should’ve never started. Back in March I broke my foot and with COVID I was bored out of my mind. Sports and working out have always been my sanctuary. So without those, no sports going on, and without the ability to leave the house somehow I found my way back to horse betting.
Like everyone on here probably knows it started small. $25, $50, maybe $100 deposits. I hit a huge win early and made $5K...what a disaster. I was hooked. Those winnings were gone within a week. Then all the bad feelings....(“you were up $5K how could you blow that”). Then came chasing the lost winnings. That soon turned into $5K down.
I was prepared to make a final bet to try and get back to breakeven (yeah right...I know) on a horse at 30-1 odds. I had done my handicapping and really like the odds. But, I thought I’d finally do the responsible thing and not make one more deposit.
Well, I didn’t. Then the horse won. I couldn’t stop thinking about the what if’s..
I know I 99% blow it all anyways but it really stuck with me. I finally confessed to my wife that I was down $5K and tried to get right. I did great for a while. 2-3 months of not betting.
Then IL legalized sports betting. I thought oh I’ll just take advantage of all the free deposit offers and free bets. We all know how that went. $5K down to $10K, then $20K, then $30K, then $50K. Before I could even catch my breath I’m down $100K.
Fortunately I have a high paying job but this is probably 1/3 of my life savings. I’ve been gambling at work, hiding it at home. I have kids and could’ve fully funded one of their college tuitions...I hate myself and I’ve even contemplated ending it all but I know that would be the ultimate selfish decision.
I just managed to lose another $1000 right before I wrote this. I’ve finally had enough. It’s ruining my life. I know I need help but don’t know where to go. I quit drinking 6 years ago using Rational Recovery and haven’t even had a thought in the last two years about taking a drink but for whatever reason this seems so much harder.
Maybe it’s not, maybe I’m just not ready to quit...my credit card balances and bank accounts tell a different story. It took a lot of tries before I finally quit drinking for good...
I’m not sure what I’m hoping to find here. Maybe some support, maybe some companionship, maybe just somewhere I can vent to people who’ve also been through it. I’ve had to hide the losses once they got over $10K from my wife. If I told her I’m pretty sure she’d divorce me and take the kids....
That’s all for now. Hope everyone is having more success quitting than me right now.
submitted by 100KinTheHole to problemgambling [link] [comments]

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