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Thread: Is Steve Cyr one of the most cold hearted jerks of all time?

  1. #1
    https://www.google.com/amp/s/www.thr...t-all-in-vegas

    Disclaimer... THIS thread is actually Vegas related.


    He has helped caused multiple Gambler's suicides and he casually claims it's just business for him. So incredibly sad and disgusting. If I had helped caused even ONE person's suicide, I would be wracked with incredible guilt, but not him, he seems to take his Gambling Client's really lightly. Even looking at him he looks shady.
    You can go down in History as either a Martyr or a selfish, entitled brat. Make the right choice.

    .

  2. #2
    Originally Posted by Tasha View Post
    https://www.google.com/amp/s/www.thr...t-all-in-vegas

    Disclaimer... THIS thread is actually Vegas related.


    He has helped caused multiple Gambler's suicides and he casually claims it's just business for him. So incredibly sad and disgusting. If I had helped caused even ONE person's suicide, I would be wracked with incredible guilt, but not him, he seems to take his Gambling Client's really lightly. Even looking at him he looks shady.

    Whale Hunt in the Desert (2008) lays it all out there. I think you can pick up author autographed (Deke Castleman) copies at the LVAdvisor sale. Cyr lets you know how manipulative casinos can be.

  3. #3
    As Steve Cyr has put it:
    "There’s two types of players

    Ones that are here for the cost of entertainment, and you love those guys, win or lose doesn’t matter, they’re just here to have fun,
    then there’s a guy coming here to win we gotta watch that guy there’s definitely two types of players,
    you know a guy that wins Friday night, okay if he’s a steamer he’s going to steam probably blow his winnings and by Sunday owe me money,
    a guy’s that disciplined [wins] Friday will go home Saturday.
    So, there’s definitely two types of players."

    As Dave Berns added:
    "The one thing the casinos hate about high rollers, are high rollers who are what they call hit and run high rollers, someone who comes in, gambles for a couple of hours, wins some money, and leaves."

    I've read that article and heard those stories before. Thanks for posting it.

    What's interesting is Cyr talks in the article about the guy who had to wire in $100,000. to get the 1200 square foot wraparound Terrace suite at the Cosmo. We spent a week in that suite




    this last trip Feb/March 2020, won $22K and they comp'ed everything full RFB plus all spa, but I have only a $50K credit line. However, that's a credit line and I am an established player at the Cosmo. A guy who has to bring in cash might lose it and never return, which is probably why they asked for a hundred K from that player just to give him the same room.

    For all of these comps the casino takes care of you win, lose or draw as long as you give them high enough action for enough hours. But yes, I have heard that hosts get a % of what players lose, however I don't know if this applies to regularly employed hosts at casinos or only to "head hunter" free-lance hosts like Cyr. Also, I am not sure if that is the way it works in Vegas, hosts getting a % of losses, any longer, while I have heard that this "host gets a cut of your losses" is happening still in California casinos.

    Cyr is (well, was) the host of Allan Erlick the Canadian mattress company owner - who was betting and losing hundreds of thousands, and eventually losing millions in the early 2000s, and wound up a broke Uber driver. Allan is featured in an episode of The Casino (2004) about the Golden Nugget, and in Louis Theroux's "High Roller" documentary (2007).

    Notice how Cyr mentions that he loves a guy who "chases." Chasing is - playing desperately to get back to even without regard to whether the cards suit the occasion. Sure fire way to lose. But - try to tell that to some of these low-grade minimum wage earning slot cheats that fill this forum - that chasing is bad. They'll have you believe that it doesn't matter how you play or how you money manage it comes down the same thing. Ha! Well, try to tell that to Steve Cyr. He's seen it all and knows which kind of high rolling losers he prefers to host.

    He also mentions how when players lose "they eat like birds and shit like moose" - meaning, no appetite. That's exactly right. But when you win, you're hungry. I've had a massive appetite in Vegas

    for two years straight now.
    Last edited by MDawg; 03-20-2020 at 06:39 PM.
    I tell you itís wonderful to be here, man. I donít give a damn who wins or loses. Itís just wonderful to be here with you people.

  4. #4
    Mdawg, I wonder if Cyr could get sued for helping people lose money he KNOWS could be addicted Gamblers. A former disgraced Lawyer who was actually a Hotshot Lawyer and had JUST made partner(IIRC) at first went to the Casino as a fun way to unwind from the stresssful pressures of her Lawyer Career and soon found herself being a really Seriously Addicted Gambler filed a Lawsuit against a Casino after she lost her own BIG money at the Casino and then started Embezzling her Clients' money to try to win back her own big money she lost. What a huge NO!

    She said the Casino should have known she was an Addicted Gambler because she had spent like FOUR days Gambling like a Zombie and hadn't slept in those FOUR days. She said the Casino should have realized she had been wearing the same clothes for FOUR straight days and had never left in those four days, and barely even knew her own name when those four days were over(IIRC she only stopped because ALL of the money was gone after those four days)and said The Casino should have stopped her gambling and escorted her out the front door when they realized she was a serious Addicted Gambler.

    People chastised her saying stuff like ,"So, you had fun at the Casino, then ended up losing your own money and stole your Clients- money too and lost their money as well, and you want to sue the Casino for the lost money of your own and the stolen Clients' money?" GTFOH. You are an ADULT and willingly did that. That wasn't the Casino's fault! That was your own fault!"

    She responded that she was suing The Casino for not properly recognizing she was a seriously Addicted Gambler(Staying up FOUR days in a row wearing the SAME clothes and gambling like a Zombie should have put them on high Alert she thought) and should have been kicked out the Casino by them.


    In the Lawsuit IIRC she also pointed out that she lost her Lawyer Career too. Sad aa just like 2 years prior to this she was a Successful Businesswoman and Lawyer and had been put on A Business Magazine COVER as "One of the Most Successful Businesswomen in the WORLD) and sge had been featured on many business related TV Shows. I wonder if Cyr could be sued by not stopping his Addicted Gamblers' gambling...
    Last edited by Tasha; 03-21-2020 at 06:17 AM.
    You can go down in History as either a Martyr or a selfish, entitled brat. Make the right choice.

    .

  5. #5
    Yeah Steve is probably a cold hearted jerk, not close to “one of the most cold hearted jerks of all time” though. Can’t even be a comparison to a guy like Jim Jones, Charles Manson, Heinrich Himmler, Kentry etc.

  6. #6
    Originally Posted by mcap View Post
    Yeah Steve is probably a cold hearted jerk, not close to “one of the most cold hearted jerks of all time” though. Can’t even be a comparison to a guy like Jim Jones, Charles Manson, Heinrich Himmler, Kentry etc.
    I meant Cold Hearted Jerks in the Gambling World, not in general.
    You can go down in History as either a Martyr or a selfish, entitled brat. Make the right choice.

    .

  7. #7
    There are some precedents but for the most part people who have sued casinos claiming "they should have stopped me" have had little success.

    For example this guy
    https://www.reviewjournal.com/busine...netian-marker/
    had his attorney send a letter to the Venetian requesting that they extend him no more credit after he had already lost and paid off $1.5M, and yet the Venetian still gave him another $500K which he lost and later sued him for not paying the debt. The lower court sided with the Venetian, but the appellate court reversed, holding that the lower court should not have excluded from trial court evidence that the letter that had been sent in.

    This Italian businessman
    https://www.nevadaappeal.com/news/cr...t-businessman/
    lost a million of his own money and ended up owing another million in markers to the Wynn. Wynn turned the markers over to the Clark County D.A., that put an arrest warrant out for him, so, understandably, he didn't want to show up for his trial in Vegas (and get arrested) and sought to testify remotely, from Italy, about how he had a gambling addiction and been intoxicated and that this was a defense to signing the markers. The trial court disallowed his testimony and told the jury that it had been excluded - appellate court reversed, and said that he should have been allowed to testify via video from Italy. Basically, he was seeking an "incapacity" defense to the contract - that he was so intoxicated he lacked the capacity to enter into the markers.

    And then this guy
    https://www.businessinsider.com/meet...-vegas-2009-12
    blew $127. million in one year (and $204. million total), pretty much all he had, in ONE YEAR at the casinos, and then sued the casinos, claiming that he had been intoxicated and fed prescription drugs by the casinos during his "run" and this should negate some or all of the markers he signed. The case ended up both in criminal and civil court, and was eventually settled.
    This guy was an unusual sort of whale. While most high rollers prefer higher stakes games like baccarat, poker, even blackjack, Watanabe was drawn to games with low odds like roulette and slot machines. They call this a "house player" in Vegas, because slots and roulette have terrible odds for the player. He played blackjack as well, but did it with so little skill and strategy that he basically turned it into a house game.


    If you have a credit line, you may ask that it be a "strict" credit line and that if you blow it the casinos grant you no more. Notwithstanding this, all of the casinos have a general rule that you may not get a Permanent increase to your credit line while on property - only a temporary increase, called a TTO. Still temporary or permanent, the extra money still ends up in the gambler's hands, and as noted by Cyr, players who are "chasing" losses are the ones he loves the most. Over the years, I've seen a lot of players get TTOs and I have rarely seen this tad of extra money do anything other than evaporate quickly. (A TTO typically is for a 25% increase only.)
    Last edited by MDawg; 03-21-2020 at 10:13 AM.
    I tell you itís wonderful to be here, man. I donít give a damn who wins or loses. Itís just wonderful to be here with you people.

  8. #8
    I wrote from Memory about the Disgraced Former Lawyer who went from being a Successful Businesswoman and Lawyer to being a Serious Addicted Gambler who sued Casino after she lost her own big money and turned to stealing Clients' Money as well in desperate attempts to win back her lost money. She sued the Casino because she felt it waa obvious she was an Seriously Addicted Gambler and thought she should have been kicked out of the Casino for her own good. She lost her Lawyer Career after embezzling her Clients' money. That was a huge NO. Stealing from Clients is inexcusable. Understanable that she was desperate to win back her own lost mobey but still inexcusable.

    Here is a direct link to her story that started off as wonderful and ended up very sad.

    http://www.nbcnews.com/id/23538746/n...n-casino-suit/
    Last edited by Tasha; 03-21-2020 at 09:58 AM.
    You can go down in History as either a Martyr or a selfish, entitled brat. Make the right choice.

    .

  9. #9
    I don't think her lawsuit got anywhere
    http://www.gamblingandthelaw.com/col...st-cant-win-2/
    If you read the various articles about her lawsuit, most of it was dismissed out of hand, but she was allowed to pursue some of her claims against the Atlantic City casinos, and it seems that those suits were ultimately lost as well.

    You really have to prove some egregious behavior by the casinos to win these types of lawsuits. In some cases, such as the Watanabe situation where he dumped $204M, he lost so much and alleged such outrageous actions by the casinos, that they probably just settled rather than risk the bad publicity of trial.
    I tell you itís wonderful to be here, man. I donít give a damn who wins or loses. Itís just wonderful to be here with you people.

  10. #10
    Originally Posted by MDawg View Post
    Allan Erlick the Canadian mattress company owner - who was betting and losing hundreds of thousands, and eventually losing millions in the early 2000s, and wound up a broke Uber driver. Allan is featured in an episode of The Casino (2004) about the Golden Nugget, and in Louis Theroux's "High Roller" documentary (2007).
    Actually it was Richard Wilk who was Allan's host. In Theroux's documentary he refers to Allan as one of his best friends, nevertheless he didn't stop the guy from gambling away every penny he had.

    Still, Wilk seems to be more disinterested than Cyr as far as wanting his players to lose.


    I wasn't aware but Cyr is Director of Player Development at Palms? Never seen or heard of the guy while at the Palms. Maybe he comes out of the woodwork only for their very top players I must not qualify although my host there has been at the Palms for about forever.
    I tell you itís wonderful to be here, man. I donít give a damn who wins or loses. Itís just wonderful to be here with you people.

  11. #11
    As one who has met Steve and his wife many times, I can tell you he is not a jerk.

  12. #12
    That’s just like, your opinion Drich.

  13. #13
    I think anytime you give someone a "cut" of casino losses no matter who they are, they may start working against your best interests. They certainly won't try to get you get up and leave the table when you are losing.

    That's why, for example, divorce attorneys in California are not allowed by State Bar rules to work on a contingency (percentage of recovery) basis, only flat fee or per hour.
    I tell you itís wonderful to be here, man. I donít give a damn who wins or loses. Itís just wonderful to be here with you people.

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