Vegas is open! (Read 1364 times)

ren

Deeds Not Words

groveler

Re: Vegas is open!
« Reply #1 on: September 17, 2020, 02:49:14 PM »
https://www.kitv.com/story/42647558/hawaii-resident-hits-the-jackpot-twice-at-las-vegas-casino
 :D
I'm not normally a Vegas guy.
Years ago on a trip through McLaughlin, where my
Grandmother lived,
I watched a technician servicing a slot machine.
I spent 17 years as an electronics Tech
and I engaged him in conversation.
I recognized the stuff he was working on.
I used to repair that stuff all the time.
He confided that they watch the players constantly
and adjust the odds of winning to attract players to the "slower slots".
I suspect these ladies win  was one of those times.
I understand under Nevada law 65% of the money gambled
are at a minimum supposed to go to the gamblers/visitors.
35% is a pretty good gross profit margin.
Glad they won.
But The house always wins more.


QUIETShooter

Re: Vegas is open!
« Reply #2 on: September 18, 2020, 06:43:31 AM »
And now she will go home to friends and family she never knew she had.  All with smiles with their hands out.

I wouldn't agree to any news coverage and would insist on anonymity.  Not even for the casino's monthly winners magazine.

But then I wouldn't know if there is a choice.  Maybe you have to.
Sometimes you gotta know when to save your bullets.

RSN172

Re: Vegas is open!
« Reply #3 on: September 18, 2020, 11:28:39 AM »
And now she will go home to friends and family she never knew she had.  All with smiles with their hands out.

I wouldn't agree to any news coverage and would insist on anonymity.  Not even for the casino's monthly winners magazine.

But then I wouldn't know if there is a choice.  Maybe you have to.
Just Say NO.
She will probably net just under $600k after taxes.
Happily living in Puna

Flapp_Jackson

Re: Vegas is open!
« Reply #4 on: September 18, 2020, 11:39:32 AM »
And now she will go home to friends and family she never knew she had.  All with smiles with their hands out.

I wouldn't agree to any news coverage and would insist on anonymity.  Not even for the casino's monthly winners magazine.

But then I wouldn't know if there is a choice.  Maybe you have to.

I've always planned on a similar path if (when) I hit the MegaBucks.

Don't sign any news releases that include name and/or photos.

Hire a lawyer and/or accountant to see how best to receive the winnings .... i.e. set up a corporate account, create a trust, know what method pays the least taxes, deposit the max into a retirement fund, etc, etc.

As mentioned, relatives will crawl out of the woodwork looking for their "fair share".  You'll also be a target for investment brokers, estate managers, strangers looking for charity ("my mother needs an operation"), and acquaintances filing lawsuits for anything they think you'd rather settle than go to court over (i.e. "Does your current wife/girl friend know about us?").

And, if anyone on your trip happened to pay for part of your vacation (shared a comped room, meals, rental car, etc.), they'll be looking to get their share, too.

Money, or the opportunity to get some, changes people.
The reasonable man adapts himself to the world;
the unreasonable one persists in trying to adapt the world to himself.
Therefore, all progress depends on the unreasonable man.
-- George Bernard Shaw