Tropicana Casino and Resort in Atlantic City Loses $11 Million in a Few Weeks at its Table GamesLast Week Another High-Stakes Gambler Leaves Casino Up $5 Million |
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The Tropicana Casino and Resort in Atlantic City has suffered two serious blows since April, losing more than $11 million to just two high-stakes gamblers, according to the Associated Press.
In April, a Pennsylvania gambler named Don Johnson beat the casino for $5.8 million at blackjack — part of an amazing run that also saw him beat Caesars Atlantic City for more than $4.2 million and the Borgata Hotel Casino and Spa for $5 million. Just last week the Tropicana saw another high-stakes player win more than $5 million. According to the AP, last Wednesday’s winner was playing craps, blackjack and mini-baccarat, betting as much as $100,000 at a time.
“That’s just how it goes sometimes; if you bet more, you can win more,” said Tony Rodio, the Tropicana’s president and CEO. “We have a strategy of offering the most aggressive and highest table games limits in the Atlantic City market and we’re not going to change that. If someone wants to take the shot, we’ll take the action.”
Billionaire investor Carl Icahn bought the Tropicana out of bankruptcy last year, and as a result has tried to make up past losses by allowing high-stakes bettors to take on the casino at table games. According to the AP, Rodio said the casino can withstand the setbacks and that no layoffs or cutbacks are expected.
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