The journey of successful business man who were professional gamblers

[Queentoshi]

Gambling is a very profitable thing to engage in if done responsibly. Gambling has indeed made many men rich and it is still making even though most people are loosing in it. But I think that those that are making much money or already made much money from gambling are those who are favoured or those who never chased losses. It takes a lot of strategies to be a professional gambler. As a wise gambler, the moment you win big in gambling, the best thing to do at the moment is to use the money you won in gambling and invest. You can still be gambling but let it be that you have another source of income and an investment also.

These men even after winning, did not let gambling completely take back all the money that they have won by still keeping their gambling behavior under control. I am sure that they did not think that since they have won big amount, they now have more money and the luxury to gamble with some more money or increase the number of times they gambled. They were able to stay disciplined to maintain their gambling habits and the sometimes even reduce it, it is why they are successful. There are gamblers that made money, started businesses as investments, but the same business crumbled due to them not being able to control themselves and the gambling behavior. That is a terrible story to have as a businessperson.

[1715230381]

1715230381

[South Park]

Gambling no doubt has ruin the life of many gamblers and same gambling has liberated others from the shackles of poverty to an enviable echelon and this also is determined by their decision to invest this money they won through gambling to establish  into other business  that would yield ROI all their life.These person OP mentioned took a decision of making a difference in their life, taking an initiative that would change their status from gamblers to business tycoons. But there are those who despite how much amount  they win from gambling their life doesn't show something to reckon with and these are the sets of gamblers that makes  outsiders breed a wrong impression that gambling is nothing but a fruitless and unproductive venture that only bend on ruining he lives of those that patronize it. However these few men mentioned above, their outcome sends a different message.

Both cases are rare, the one person which is able to make a fortune out of gambling, whether this is as a gambler or as the owner of a casino has some special characteristics that allow them to reach that kind of success, and the same is true for the addicted gambler which is unable to control their impulses at all and they lose everything they have in the process, most people are on the middle, in which they lose a little bit of money but they think it is a fair trade considering all the fun they get when they gamble.

[madnessteat]

~snip~

To become a successful businessman, money alone is not enough. It's much more complicated than that. There is no such thing as someone who gets a big score at a casino and immediately has a business, and that business not only brings in a good income, but also expands.

I think each one of these people have put a lot of effort into this.

[Davidvictorson]

There are some people who can dream and some others who dare to it. Many of those who can dream big but some times can't make it through traditional platforms. Today I will mention the names of some people who started their business life with the help of gambling money. Who were initially professional gamblers later became reputed businessman. Many of whom are now active philanthropists, supporting various charities. If responsible gambling can be practiced then luck can be expended. He can make himself known differently in a shortest possible of time.

While I admire this men, I would have loved to see a brief summary of their biography. I am interested in knowing how they got in to gambling(What age? Their motivation?), how they stayed responsible and were able to beat the clutches of gambling addiction. How did they turn it into a profession?(Was a Trust fund somewhere?). I am interested in what strategies they used and the type of game they gambled in?

Sheldon Adelson- The founder of the Las Vegas Sands Corporation, The Venetian and The Palazzo in Las Vegas and Marina Bay Sands in Singapore.

Kirk Kerkorian- He founded MGM Resorts International, the airline company and  Trans International.

Steve Wynn- He founded Wynn Resorts, Wynn Las Vegas and Encore Las Vegas.

Calvin Ayre- Founder of Bodog Entertainment.

Terry Benedict- Founder of BJB Properties.

Tony Bloom- Founder and owner of the Brighton & Hove Albion Football Club and.

Phil Ruffin- Treasure Island Hotel, a casino in Las Vegas and the Wichita Greyhound Park.

The interesting thing about this men is that as soon as they made it big in gambling, they diversified they business to include other ventures. I don't if they are still active gamblers. Just wanted to point out that person I admire most in the men listed is Tony Bloom, the Founder and owner of the Brighton & Hove Albion Football Club because I have read a little about him and I am inspired by how he turned his love for gambling(poker) into a profession that has fetched him a lot of money. Someone should confirm that Terry Benedict is a fictional character in a movie and not an actual casino owner.

[el kaka22]

There is a good connection between people who are gamblers and people who end up owning a casino. They have seen so many times of people losing their entire life there, so they know that if you own a casino that can attract as much people as possible then you are going to end up with a lot of profit. Why do you think there are so many casinos that give out free drinks and show tickets and all that? It's mainly because if you do have a lot of people in your casino then you have a lot of profit.

Giving a 3000 dollar ticket to someone for free could lead to his group losing tens of thousands there if they stay, or giving out free drinks at 5-10 dollars a glass for the casino, could make the person drunker and lose hundreds and hundreds of dollars there. So, they know the business when they watched it and that's why they are so inclined to open one themselves.

[_act_]

If become a professional gambler will make them rich and easy to make money, they wouldn't jump become a businessman, so the conclusion is a professional gambler isn't a good way to make money, but become a businessman is better.

There is nothing like a professional gambler, if someone win big, the best for the person is to look for business he can make money and have more success. Those people are not dependent on gambling which is the reason they are successful.

Or maybe they're get restricted or blacklisted by those casinos because they always make money on the casinos, so they don't have any way to continue to make money except become the house or looking for the other opportunity.

They can not continue to gamble more and continue to make money, they will only lose and likely lose all they have won before, but they were discplined to know that gambling is very risky and they depend more on businesses and shift towards business.

[naira]

I might take the positive points as a lesson that it all depends on how good we are at managing what we have. Because if you look at the serious gambler, maybe he doesn't think about the rewards for something that is more long-term. Now some of them have the idea that the people above can be said to be 1000:1. The reason is that it is not easy to get out of the trap of gambling and divert money to more real alternatives.

The lesson is that it doesn't matter from which hole you produce something but when the output is positive then people will value the results more. Sounds like a secular adage but it's a fact.

[rahmad2nd]

There are some people who can dream and some others who dare to it. Many of those who can dream big but some times can't make it through traditional platforms. Today I will mention the names of some people who started their business life with the help of gambling money. Who were initially professional gamblers later became reputed businessman. Many of whom are now active philanthropists, supporting various charities. If responsible gambling can be practiced then luck can be expended. He can make himself known differently in a shortest possible of time.

~snip~

If one tries to change the destiny he may succeed or fail but he may get a result. But there are many people in the world who only dream inactively without taking any initiative.

But one should keep in mind that gambling is a risky platform. As there are lot of histories of victory, there will be defeats as well. Use gambling money as much as you can afford to lose.

First of all, i don't know the history of the people you themed in this thread. even I can't be sure, that these people really depart from gamblers. but let's just say that, dam luck was on their side. then, open businesses that eventually they become rich. referring to the title of your thread, we often hear about stories of successful gamblers, whether they are amateurs or professionals. but generally, their stories always inspire many people.

But believe me, it is something that is difficult to become a professional gambler. no matter how hard we try, learn, have a lot of experience, even have the skills. if luck is not on our side. then still, it is difficult to realize what we want or dream of. well, because our discussion is gambling. to be honest, i never hoped or dreamed of becoming a professional gambler. because, apparently it will be difficult to realize. believe it or not, not everyone can do it.

So, I can only enjoy every gambling session and make it part of the fun entertainment. nothing more, because to become a professional gambler. apparently, I have no talent for it. Well, what I do is nothing but for fun with money I'm prepared to lose.

[Russlenat]

If become a professional gambler will make them rich and easy to make money, they wouldn't jump become a businessman, so the conclusion is a professional gambler isn't a good way to make money, but become a businessman is better.

Or maybe they're get restricted or blacklisted by those casinos because they always make money on the casinos, so they don't have any way to continue to make money except become the house or looking for the other opportunity.

Well, you have a good point. But gamblers will never be profitable all the time, regardless if they are veterans or professionals in gambling. That’s why these gamblers explore another endeavors in life, and that is taking chances to become businessmen. And they all prosper from it eventually, their hard earned money and possessions have proven it. Let’s just say that these people have more than just luck but also hardwork. They will never become as wealthy as today if they don’t gamble responsibly and become ideal businessmen.

[Botnake]

Personally, I don't know these men, so I can't say how impacting gambling was on the process of developing their businesses and reaching where they are right now, but it's undeniable there are gamblers who were able to thrive financially thanks to the prizes they won from their betting sessions in the past. Of course it corresponds to a minority portion of gamblers, but they do exist and it's possible to win and to use the money smartly, instead of continuously spending it during more gambling sessions until losing everything. Congratulations to every gamblers who managed to grow the earnings collected from winnings at casinos!

Who knows, they might have started and financed their business from their huge winnings in casinos. This is very possible as a lot of successful businessmen today have also made significant profits while they were still gambling. However, while gambling is based on luck, business on the other hand is based mostly on skills and strategies, and a little bit of luck. So definitely, if they have succeeded in their business, well they’re not just lucky but also well knowledgeable too and well skilled in their type of businesses they enter.

[coolcoinz]

Many of whom are now active philanthropists, supporting various charities.

And scammers! Like Calvin, who out of his feel for charity supports a mentally challenged doctor of theology CSW. He probably made Calvin believe God made him invent bitcoin.

From wikipedia:
In 2012, Ayre was indicted by the US Attorney for Maryland on charges of illegal gambling and money laundering.

It's great that  they made their fortunes in gambling industry, I have nothing against that, but what's the point of the thread? If you think you can make it in this business, think again. These people weren't starting with nothing and aren't really role models to follow in all aspects.

The point is to change your life and be a gambler.
Those guys reached a point where they have gambled for a long time and thinking of something else like winning all the time and a business would be a good way to do it starting with the money they won from the casino.

They grow old sitting their ass for a long time on a poker chair, they win and lose so they decide to be the casino.  

I guess that you wanted to say "to change your life and stop being a gambler."
To do that, you unfortunately need to either win enough to be able to afford your own business, or lose enough to reach the bottom and start from scratch, but not as a gambler.

You can use these guys as examples of how a gambler can grow, but this is an incredibly hard thing to do. There's over a million people gambling in the US alone right at this time and maybe one of them will one day become a millionaire, but it's like dreaming about winning the lottery. We all do it, but none of us actually win.

[virasisog]

If become a professional gambler will make them rich and easy to make money, they wouldn't jump become a businessman, so the conclusion is a professional gambler isn't a good way to make money, but become a businessman is better.

Or maybe they're get restricted or blacklisted by those casinos because they always make money on the casinos, so they don't have any way to continue to make money except become the house or looking for the other opportunity.

Well, you have a good point. But gamblers will never be profitable all the time, regardless if they are veterans or professionals in gambling. That’s why these gamblers explore another endeavors in life, and that is taking chances to become businessmen. And they all prosper from it eventually, their hard earned money and possessions have proven it. Let’s just say that these people have more than just luck but also hardwork. They will never become as wealthy as today if they don’t gamble responsibly and become ideal businessmen.

They might be responsible gamblers who manage to put up a business or better career out of their winnings. Maybe they have decided to quit after winning which I think is a wise move for they have used it to make their lives better.
If you are winning in gambling, it doesn't mean that you have to stay with it forever. There should still be a future goal that we must set and reach because we couldn't always be lucky.

[stomachgrowls]

If become a professional gambler will make them rich and easy to make money, they wouldn't jump become a businessman, so the conclusion is a professional gambler isn't a good way to make money, but become a businessman is better.

Or maybe they're get restricted or blacklisted by those casinos because they always make money on the casinos, so they don't have any way to continue to make money except become the house or looking for the other opportunity.

Well, you have a good point. But gamblers will never be profitable all the time, regardless if they are veterans or professionals in gambling. That’s why these gamblers explore another endeavors in life, and that is taking chances to become businessmen. And they all prosper from it eventually, their hard earned money and possessions have proven it. Let’s just say that these people have more than just luck but also hardwork. They will never become as wealthy as today if they don’t gamble responsibly and become ideal businessmen.

They might be responsible gamblers who manage to put up a business or better career out of their winnings. Maybe they have decided to quit after winning which I think is a wise move for they have used it to make their lives better.
If you are winning in gambling, it doesn't mean that you have to stay with it forever. There should still be a future goal that we must set and reach because we couldn't always be lucky.

Not necessarily quit but you should really know on when to make use of those huge wins if ever you do be able to hit it up.Some would really be that sensible towards their actions on which they would really be tending

to built up a business and would turned back themselves on gambling and then focus out on new venture.Some do stay up and play even more out of those winnings and lose it all back.
This is indeed the reality which outcomes or your fate would be entirely be depending on how you would gonna act along the way.

Which it is really that important for you to make out good decisions if you are really that planning to have a good or better life.

[bitbollo]

well, these business man can afford to play and probably they will not share a (huge) loss to public audience.
sake of curiosity, did anyone of these has been able to build a business just from revenue earned with gambling? if yes, how big was initial stake for betting ?

[Lanatsa]

well, these business man can afford to play and probably they will not share a (huge) loss to public audience.
sake of curiosity, did anyone of these has been able to build a business just from revenue earned with gambling? if yes, how big was initial stake for betting ?

Very common for us to see about these huge wins and stories of success out of gambling profits but its true that huge losses is unlikely or rarely to be shared up in public.
Of course they will really be that be focusing into those hits and it is really some sort of making themselves to be popular.It is true that we dont really even know
on how much they do honestly put up on building up the business and how much money they do put up in stake. We dont even know on how much
they had lost everall.

[Slow death]

From this list I only heard the names of 2 guys in the last few years, Calvin Ayre's name is associated with faketoshi ( I believe everyone knows who I'm talking about when I say that name FAKETOSHI ), so Calvin Ayre doesn't have a good reputation and honestly just thinking that the guy is connected to faketoshi me makes you think that he didn't get rich being a casino player, he probably used some other additional methods to become rich, but of course he wouldn't reveal all the secrets of his life so I would just talk about casino

another name I heard and that makes more sense on this list is the name of the founder of Brighton, I'm talking about Tony Bloom, this one I can even believe he played and took the most traded open profit which allowed him to be very rich, his profile when if a google search could see that deep down there may be some truth in his story, as for the others I've never heard of them so it's hard to make any judgment if they're lying or telling the truth

[sunsilk]

 There really are good gamblers that when they've won such amounts, they also manage to keep their money. If most gamblers are like them, we won't hear stories about gamblers having their lives turn into a misery.

IIRC, there's this another story for a freight forward/logistics company that has bet his last money and then suddenly won which he used to sustain his business.

I can't recall the exact name, maybe that was DHL.

[TimeTeller]

well, these business man can afford to play and probably they will not share a (huge) loss to public audience.
sake of curiosity, did anyone of these has been able to build a business just from revenue earned with gambling? if yes, how big was initial stake for betting ?

Very common for us to see about these huge wins and stories of success out of gambling profits but its true that huge losses is unlikely or rarely to be shared up in public.
Of course they will really be that be focusing into those hits and it is really some sort of making themselves to be popular.It is true that we dont really even know
on how much they do honestly put up on building up the business and how much money they do put up in stake. We dont even know on how much
they had lost everall.

And those stories of large losses certainly will be a lot. And yes, a lot of them haven't been heard of.
For these successful people, they know how to handle themselves that made them survive in this business.
Because if you don't know where to channel your winnings, you will likely end up broke or bankrupt.
Definitely, they have had fair share of losses as well but once they got good winnings, they invested into something profitable outside of gambling.

[coin-investor]

They reached their dreams because they are risk takers and they have strong characters not to be compulsive gamblers and become successful in two fields, it's not easy you need an exceptional character to be a successful gambler, businessman, and philanthropist.

Some of the names that are on the list are people who create fortunes in the gambling industry, they are gamblers who understand that if you want to make it big in the gambling industry, owning a casino or launching a business or something related to gambling is the key because you are the winner here while a gambler is the one struggling to win.

[Cling18]

well, these business man can afford to play and probably they will not share a (huge) loss to public audience.
sake of curiosity, did anyone of these has been able to build a business just from revenue earned with gambling? if yes, how big was initial stake for betting ?

Very common for us to see about these huge wins and stories of success out of gambling profits but its true that huge losses is unlikely or rarely to be shared up in public.
Of course they will really be that be focusing into those hits and it is really some sort of making themselves to be popular.It is true that we dont really even know
on how much they do honestly put up on building up the business and how much money they do put up in stake. We dont even know on how much
they had lost everall.

And those stories of large losses certainly will be a lot. And yes, a lot of them haven't been heard.
For these successful people, they know how to handle themselves that made them survive in this business.
Because if you don't know where to channel your winnings, you will likely end up broke or bankrupt.

Based on their success stories, it's obvious that self discipline and focusing on our goals is too important. If they have a better source of funds to gamble, they could actually gamble most of their lives but they still manage to control themselves and didn't have gambling as the center of their journies. It means that a gambler can still be victorious if he knows how to handle himself and still focus on reaching the success that he wants neither in business nor in his career.