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A simple example is:. However, Foxwoods will most likely implement new table differentials once they start their new rolling program for junkets. A normal two- to four-day junket will usually turn over or roll their initial deposit six to eight times. Foxwoods and the Mohegan Sun Casino-the only other casino in Connecticut-both share this lucrative Asian market segment. Speller recognized the opportunity to begin a new rolling program in the United States, especially in the Northeast. This eliminates arguments or disputes at the end of the junket. The junket operator is basically operating his own casino within your casino, but with no overhead or expense.{/INSERTKEYS}{/PARAGRAPH} Foxwoods has since developed into one of the largest, more successful casinos in the world today. It is the game of choice of the premium Asian player market. The junket rep or his chip runner will continually monitor the stacks of chips in front of each player. Once again, rolling baccarat games are not new, and in fact, are the most popular game in Asian casinos. If the junket does not achieve the minimum number of turns or rolling, they penalize the agent by proportionately reducing the commission. Some casinos around the world do not allow this, but it is difficult to control unless you have bilingual staff capable of completely understanding the table conversation and the sometimes-secret hand signals. Players wager using a bank of non-negotiable chips-which can be wagered but not cashed out. Foxwoods states that the target market is all customers who understand the benefits of a rolling program-junket players, premium players or small players who wish to gamble at one of their specified rolling tables in the casino. Another risk with this type of gaming is for the casino operator to realize the true profit potential from this type of play. Total Net Rolling x 1. A big punto banco or baccarat table normally has 14 seats. Rolling Insurance. Rolling Revolution. The game is punto banco or baccarat. Every cash-out request from the junket players is directed to the junket operator or his representative for approval. Rolling the Chips. This may seem like small amounts when we think of fractions of a percent, but in real dollar terms this can add up to substantial amounts of money. House Edge. Rolling programs pay a commission on all wagers to players making substantial buy-ins. On a side note, it is important to understand that in Asia it is very common for most players to use the services of a junket operator. The difference with the new Foxwoods rolling program is that individual players-as opposed to junket reps-are currently being targeted to participate in the new program. Star Cruises is owned by Genting International and very successfully specializes in high-limit casinos aboard their numerous cruise ships positioned throughout Asia, where rolling marketing programs are the game of choice among gamblers. They are very confident that they can achieve enough volume to offset any volatility risks. If they can, they will be able to attract both Asian and non-Asian baccarat players locally, regionally and internationally. In effect, table differential means the spread or difference allowed between the total wagers on Player and the total wagers on Banker. The casino cashier will record this on the junket control sheet. As they accumulate too many live chips they will exchange them with rolling chips so that the customer will have an ample supply of rolling chips to keep betting and keep the game going without having to stop to exchange chips. At the end of a year, this savings to the casino goes straight to the bottom line as additional incremental net profit, since your other variable expenses remain unchanged. All players are informed as to how the program works, and that if they participate that they will receive the 1. Not only can Foxwoods tap into the large existing Asian communities, but they are also well-positioned to capture additional international Asian clients who may be coming to the States to visit children attending universities in the Northeast, or business conferences in New York City, Boston, Washington, D. In Macau, the majority of higher-end table game action comes in through junket operators who sometimes also lease VIP rooms or sometimes, on a smaller scale, may lease or sub-lease as few as only one table from the VIP room operator. Lim, head of the Genting Corp. Either way the results are the same. When the Mashantucket Pequot tribe achieved federal recognition and then attempted to obtain a casino license, they went to numerous major banks in the United States to try to secure necessary funding for their new casino. Scam Prevention. Executives must do their homework first and investigate all aspects of a rolling commission program to see if it is right for their casino. Foxwoods, however, is strategically located close to three of the largest Chinatowns in the Northeast: New York City, Boston and Toronto. Players who participate in rolling programs normally play long hours in an effort to earn large commissions in addition to normal wins or losses in the casino. He is a highly qualified and experienced gaming executive with over 35 years experience in the industry, including substantial experience in Asia, where he worked for the Genting Casino Group in Malaysia to help set up Star Cruises in Asia. Table differential is another very interesting Asian gaming concept that originated in Macau. The multiplier today sometimes goes as high as or even depending upon how aggressive the junket operator is and how large of a bankroll he has available in case the player wins big. One simple solution is to set up a junket cashout control sheet for each group. Many casino operators around the world are not familiar with the terminology of rolling chips or this type of gambling. The junket operator makes all of the travel and room arrangements for his customers, and in many instances also serves as the unofficial banker who supplies credit to his customers. Some casinos pay a slightly higher bonus on the first turn if the total junket turnover reaches a pre-set target. Foxwoods does not currently offer a table differential, but controls its risk through posted table limits for individual players. They were later introduced to Tan Sri K. This is a cultural quirk, but their enjoyment is to slowly roll up the edge of their cards to look at their hand as the rest of the table shouts word of encouragement or luck. Speller has substantial hands-on experience with rolling programs. We can then see the following:. Speller rapidly mobilized the new program and began an intensive internal training and education program to make sure that everyone understood the dynamics of rolling baccarat before the official program launch on December The Foxwoods rolling program is being marketed very aggressively both domestically and internationally. If the player wins the hand, the casino returns the non-negotiable chips plus pays the winnings in live or negotiable chips. One can see this situation happening daily in the VIP rooms in the Macau casinos or in many Australian casinos. It can be compared to an insurance policy for the casino, since it limits the amount of risk that the house is willing to assume with each hand of baccarat. Rolling Basics. It is also quite common to have different table differentials going at the same time on different tables. As the junket rep accumulates too many live chips, he will take them to the casino cage and exchange them for more rolling chips. It sits in the middle of the woods in Connecticut on a small tribal reservation owned by the Mashantucket Pequot Tribal Nation. Both casinos have extremely large Asian pits, numerous Asian games, multi-cultural Asian staff, headline Asian entertainment, extensive Asian bus programs and varied Asian restaurants. They were rejected by all of the banks. If the player loses the hand, the casino collects the non-negotiable chips. Speller and Foxwoods are to be commended for being creative and aggressive during this economically distressed time for casinos. All of the non-negotiable chips must be played at the table. Using the same principle, for example, a casino may set a target of six turns of the front money deposit as the minimum requirement for qualification. However, this figure can also increase substantially for serious players, especially if they are winning. The casino normally pays a commission of anywhere from 1. One additional note of interest is that Foxwoods has begun its new rolling program in a manner common to Southeast Asia but slightly different than casinos in Macau or what Caesars Tahoe or the Rio in Las Vegas tried to accomplish in the past. Whatever amount of money is left over after he takes care of his expenses is basically his net profit for the junket. Foxwoods recently introduced an Asian-style, non-negotiable chip-rolling program for baccarat. There are a few variations in effect around the world, but the basics are all the same. If the customer loses the bet, the dealer takes his rolling chips and puts it in his chip float. However, be aware that rolling programs may not be right for every casino. {PARAGRAPH}{INSERTKEYS}Foxwoods Resort Casino is the largest casino in the United States. This is the basis of a rolling chip junket program. Remember, we are in the business of gambling, but we should never be gamblers when making these types of decisions. This concept is also quite common on the nine casino ships that are currently operating out of Hong Kong. It makes the game much more sociable for them, but it also bends the cards to the point of ruin, which means you must change the eight decks at the end of every shoe. Some casinos also utilize two completely separate sets of both non-negotiable and live chips for junkets versus their normal casino chips. Rolling may prove to be a good source of incremental revenue for Foxwoods. Under the direction of its new president, Michael Speller, Foxwoods aggressively launched the new broad-based rolling program in December. If the customer wins the bet, the dealer returns the original rolling chip wager and pays the customer his winnings in live chips. Additional buy-ins occur directly at the table, again as opposed to the casino cage. This is an additional security feature which limits or controls junket play to certain tables or VIP rooms for better evaluation and control over the junket play. Foxwoods presently offers the individual rolling player a 1. One may also ask, what happens if the bets exceed the table differential? They agreed to loan Foxwoods the necessary money to begin, and the rest is history. Future rolling junket programs at Foxwoods will, however, record all turnover at the casino cage to better protect the house and the junket rep. Foxwoods has long had Asian ties. The actual buy-in and rolling for individual players occurs directly at the baccarat table as opposed to the casino cage, common in the more structured casino junket rolling programs. The new rolling program becomes even more attractive for the casino providing they can generate enough interest in the new program. It does not have a sister property in Macau and it does not have any other properties in Asia.