1. Kerry Packer Son
2. Kerry Packer Australia

Kerry Packer’s gambling

Kerry Packer Son

Kerry Packer was born Kerry Francis Bullmore Packer on 17 December 1937 in Sydney. His father was Sir Frank Packer, an Australian media proprietor who controlled Australian Consolidated Press and the Nine Network. His mother, Gretel Bullmore, was the daughter of Herbert Bullmore, the Scottish rugby union player. He had an older brother, Clyde. View the profiles of people named Kerry Packard. Join Facebook to connect with Kerry Packard and others you may know. Facebook gives people the power to. View phone numbers, addresses, public records, background check reports and possible arrest records for Kerry Packard in Florida (FL). Whitepages people search is. Billionaire Kerry Packer once offered $1.25million for the capture of a ‘live, uninjured’ Tasmanian tigerFresh photographs said to show a family of Tasmanian tigers living in remote bus. DURING his final weeks Kerry Packer - ill and perhaps aware of his impending death - put his affairs in order. On November 24 Australian Securities and Investments Commission records indicate the.

Kerry Packer was one of those larger than life characters who are one in a million. Some people know him for his keen and ruthless business acumen. Some people remember him for revolutionising modern day cricket. However it is his gargantuan appetite for the punt we are interested in.

There are legends of Packer’s gambling binges from winning enough money to almost bankrupt a casino and cause their share price to instantly drop, to losing enough money to shadow the national budget of four South American countries.

My interest in the mythology of Kerry Packer began on a trip down to Melbourne five years ago, where I caught up with an old dealing buddy of mine. He began to tell me an unconfirmed rumour about his boss, Mr. Packer. The rumour stems from Packer’s kidney transplant (donated by his helicopter pilot) in 2000. Apparently a single, lowly croupier from Crown sent him a “Get Well” card and note, allegedly the only Crown casino employee to do so. Once Kerry had recovered from the transplant, the rumour goes he promoted the dealer to pit boss with an obscene raise as thanks for the dealer’s considerate gesture.

Even more grandiose than this rumoured gesture are some of Packer’s antics while in the grip of a fevered punting session. So we will have a look at some of Packer’s greatest gambling stories.

Big Tips

A story that gets every dealer and waitress a little excited are the stories of Packer’s obscenely generous tips.

Packer was so impressed by one cocktail waitress he asked her if she had a mortgage. She said she did, so he asked her to bring it in the next day, which she did. The mortgage was for $150,000 and Packer paid it off for her immediately.

Another time Packer accidentally crashed into a cocktail waitress, sending her tray of drinks flying left, right and centre. To apologise Packer paid off her mortgage of $130,000.

One dealer was offered an $80,000 tip by Packer but respectfully declined, informing him dealers are not allowed to accept gratuities. Packer apparently called over the Pit Boss immediately and demanded the dealer be sacked on the spot. The Pit Boss fired her. Packer then pushed forward the $80,000 worth of chips before demanding the Pit Boss re-hire her.

Banned from the MGM Grand

In 1995 the legend goes Packer went berserk at the MGM Grand tables, hitting an inconceivable lucky streak, playing blackjack and baccarat for as much as $500,000 per hand and taking the casino for as much as $26 million in only a couple of hours.

Once Kerry had made the win, he packed up shop and left.

For taking such a hit to their bottom line Packer found himself banned from the MGM Grand and its affiliated hotels and casinos for life.

The Coin Toss

This story has many versions and the complete truth of the details has probably been lost over the years but the bones of the story goes a little something like this…

They say Kerry was playing every box at a blackjack table and not allowing anyone else to play or back bet at the table. They say this angered an arrogant Texan oil baron. The Texan began to throw his weight around, complaining and telling all and sundry he was a big deal. He’s worth $100 million. He shouldn’t have to wait for a goddang blackjack table!

Packer swivels around in his seat only for the Texan to point at Packer and reiterate, “I’m worth $100 million!” So Packer pulls a coin out of his pocket, stares at the Texan and says, “So you want to gamble hey? I’ll flip you for it.”

After being challenged to gamble his entire fortune on the toss of a coin, the Texan quietened down and slunk away into the shadows as Kerry continued on at his table, unfazed.

At The Races

Legend has it no single bookie in NSW had the necessary war chest to take the wild bets of sheer volume Packer was constantly itching to place at the racing carnivals.

In the end a gang of bookies banded together to pool their resources in an effort to take on Packer. Packer’s biggest splurge at the races came in 1987 on Golden Slipper Day when it is said that he single-handedly more than quadrupled the on-course book-markers average haul for the day.

While Packer liked to play casino games overseas he was a constant with many major bookmakers, including a huge rivalry with former leading SP bookie Alan Tripp. Packer’s son, James, is now in business with Tripp’s son with Crownbet now one of Australia’s leading corporate bookies.

These are just a few of the most well known legends of Packer’s punting, that happened before his death in 2005. He left behind a huge legacy of keen business dealings and having won and lost fortunes on the horses, blackjack and baccarat.

While most famous blackjack players accumulate their wealth on the tables and through books, Kerry Packer is an exception to the norm. Packer built a media empire over his lifetime, and became the richest man in Australia ($A6.5 billion) before his death in 2005. Beyond his extravagant wealth and media empire, the Aussie was known for his high stakes gambling ventures into blackjack, poker, baccarat and other games. Of course, what we’re most interested in here is the blackjack, and how Packer became a legend for his play.

Extreme Variance

While the house holds a small edge over the average blackjack player, they still feared Kerry Packer. At the stakes the media mogul played, he could either make or break a casino’s profits for the entire year. But he wasn’t always breaking casinos, which is why many establishments allowed him to bet whatever he desired.

On one occasion, Packer reportedly lost $20 million while at the Bellagio Casino in Las Vegas. Another story had the billionaire dropping $19 million at the Ritz Club in Vegas. However, he also experienced plenty of success too such as the time he reportedly forced London’s Aspinalls Club to shut down after winning so much money in blackjack. Another time saw him winning somewhere between $24 and $33 million from the MGM Grand while playing both blackjack and baccarat. Amazingly, it’s said that Packer almost broke the MGM Grand, which resulted in the firing of several prominent employees who let him make huge bets.

Kerry Packer Australia

Packer’s Blackjack Legacy

There is perhaps no blackjack player – nor gambler of any kind – who can boast of wins and losses the size of Kerry Packer’s. After all, few billionaires are big gamblers, much less to the extent that Packer was. He made blackjack bets worth $300,000 or more on a single hand, and never sulked after a multi-million dollar losing session.

It’s often been said of the Aussie that he played blackjack when he was bored, and he was bored quite often. Seeing as how he gambled so frequently, Packer was able to accumulate quite a collection of interesting stories. One of the most-told stories was when a Texas oil tycoon was mouthing off to him and said, “You know who I am partner? I’m worth $60 million!” Packer then pulled out a coin and said, “I’ll flip you for it.” As you can tell by this story, Kerry Packer was quite the spectacle at casinos, and it’s no reason why he became such a legend.