July 24, 2022 · Gaming Business Las Vegas

The Venetian $5 Table Bet Makes Another Player a Millionaire in Vegas

The Venetian Las Vegas was the site of a payout of o'er $1 trillion on Thursday night. It was from a $5 face bet on a Three Card Poker game.

The participant was dealt a spade royal flush, according to a statement from the Las Vegas Strip gaming property. The face bet made them eligible for the mega tier up of The Venetian’s Millionaire Progressive. It paid come out $1,040,235.

This week’s Millionaire Progressive is the endorsement million-dollar payout year-to-date for The Venetian. In total, 10 players feature won o'er $1 meg since the Progressive started.

The winning player chose to not disclose his/her name.

In 2018, The Venetian began the Progressive which begins at $1 million. type A participant is eligible for the mega tier up of the Millionaire Progressive after making the $5 side of meat bet.

To win, the participant must live dealt a cancel spade royal stag flush.

Beyond Three Card Poker, the Progressive is available on Ultimate Texas Hold’em, Let it Ride, Crazy 4 Poker, and Mississippi Stud at both The Venetian and The Palazzo casinos.

Wheel of Fortune

Also at The Venetian, endure December, a participant won $1,022,077.71 on the Wheel of Fortune game on a expansion slot machine.

The lucky guest made a $2 wager on the Wheel of Fortune Double 3X4X5X Pay game on Dec. 3. The troika symbols lined upwardly to activate the imperfect tense jackpot.

The spirited is made by International Game Technology. As of January, Wheel of Fortune slots have created over 1,100 millionaires and awarded o'er $3.3 billion in jackpots since 1996.

New Leadership

Last month, The Venetian announced that St. George Markantonis would step pile as its president and CEO. Patrick Nichols is taking o'er the helm next month.

Nichols testament be in bursting charge of The Venetian Resort, including The Palazzo. It is the second-largest hotel in the humanity with 7,092 rooms, and The Venetian Expo and Convention Center, a 2.25 million-square-foot group discussion center

Nichols started his vocation with The Venetian 14 years ago as a financial analyst. Most recently, he has been the full general manager and chief strategy ship's officer for The Cosmopolitan. After starting as a financial psychoanalyst for The Venetian in July 2008, he became the financial provision and analytic thinking manager for Marina Bay Sands in Oct 2009. Marina Bay is the Las Vegas Sands (LVS)-owned integrated resort hotel in Singapore.

A twelvemonth later, he moved to The Cosmopolitan, starting as managing director of strategical provision and moving upwards the ranks. He became a vice chairwoman at the casino-resort inwards May 2014, and the chief strategy officer inward Apr 2018. Nichols added the GM role to his statute title ii years ago. Nichols is a graduate of Cornell University.

The direction change at The Venetian comes IV months after Apollo Global Management unsympathetic on its $2.25 one thousand million acquisition of the property from LVS.

Markantonis is not leaving immediately. After the switchover occurs in August, he will get a special advisor to The Venetian’s Board of Directors.

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