Quote from: PacoMartin on June 21, 2014, 09:53:41 PM

Steve Wynn used to quote something his father told him: The minute you stop watching a person in gaming, money sticks in the hands of angels.

In 1963, Steve Wynn's father died of complications from open heart surgery in Minneapolis, leaving $350,000 of gaming debts, shortly before Wynn graduated from Penn with a Bachelor of Arts degree in English. Wynn took over running the family's bingo operation in Maryland. His success allowed him to invest in a small stake for the Frontier Hotel and Casino in Las Vegas, where he and his wife, Elaine, moved in 1967. Between 1968 and 1972 he also owned and operated a wine and liquor importing company. He managed to parlay his profits from a land deal in 1971 (the deal involved Howard Hughes and Caesars Palace) into a controlling interest in the the Golden Nugget Las Vegas (which had been operating since 1946). I think he had to fire a third of the staff because they were cheating. It was so ingrained in the culture, that people would say I have to cheat, I don't make enough money.

You can watch Steve Wynn recount the story here:

https://www.youtube.com/watch?v=s_THiMy4CEU

Quote from: PacoMartin on June 21, 2014, 09:53:41 PM

So I think your honest persona helped you with the 1300 BTC snafu. As near as I could tell about 95% of the investors were in favor of you simply rolling back the bets.

I think in the early days a lot of the investors were concerned that I wouldn't make enough from running the site to make it worth my while. As well as encouraging me to roll back the 1300 BTC snafu they also told me that only taking 1% of profits as commission was too little.

It's in their interest to make sure that it's in my interest to run an honest game, odd as that sounds.