Saturday, November 4, 2017

Las Vegas Shooter Lost ‘Significant Amount of Wealth’ in Past Two Years,

Las Vegas gunman Stephen Paddock lost a “significant amount of wealth” in the past two years, which may have been part of what motivated him to carry out the deadliest mass-shooting in modern U.S. history, according to a local law-enforcement official, reports The Wall Street Journal.

Las Vegas Metropolitan Police Department Sheriff Joseph Lombardo said
in an interview with local television station KLAS-TV this week that Paddock’s financial losses “might have been a determining factor on what he determined to do.”

“He was pretty prolific, but he was going in the wrong direction, so I don’t know if that if had any effect on what he decided to do,” Sheriff Lombardo said.

This comes as no surprise to me. SEE: Did Stephen Paddock Make Money as a Professional Gambler?

I wrote last month:
The top machines at Mandalay Bay, where Paddock often played, pay out
99.17 percent, or $99.17 for every $100 wagered.

You aren't living off your gamblings with that kind of losing payout.

Paddock's brother, Eric, seems to think it was worth it for his brother to play because of the comps.

"He was a math guy. He could tell you off the top of his head what the odds were down to a tenth of a percent on whatever machine he was playing. He studied it like it was a Ph.D. thing. It was not silly gambling. It was work” said the brother,  “It’s not just the machine. It’s the comps, it’s the room. It’s the 50-year-old port that costs $500 a glass. You add all that stuff together and his net is better than 100 percent.”

Yeah right. The casinos can not afford to build the fancy buildings they have by paying out more in comps then a player loses.

Paddock was not winning, even with comps calculated in, at a game that pays out 99.17%.

1 comment:

  1. Perhaps Paddock's loss of wealth is important information; I don't know. But there are some things I would love to know:

    Assuming there has been an examination of Paddock's corpse on the night of the shooting and a subsequent autopsy:
    What was the time of Paddock's death?
    What killed him?
    If it was a firearm has(have) the bullet(s) been recovered?
    If it was a firearm has(have) the weapon(s) been recovered?

    Have all the weapons found in the hotel room been examined? Were they all fired that night?

    How many and what caliber of shell casings were found in the hotel room? This is important to me since it was reported that over 500 people were struck by bullets and many hundreds or even thousands of rounds must have missed people. There should have been at least a thousand shells in the room if Paddock was the lone shooter.

    Has there been an investigation of the target area by forensics experts to determine the caliber of bullets and origin of shots?

    Has there been an investigation of area hospitals to determine exactly how many people were treated for gun shot wounds and who they were?

    Is there a list of those killed?

    Thanks in advance to anyone who can direct me to links where this information can be found.

    Phil Jones