The Ledger
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Molly Bloom put bank employees on payroll to vet prospective players
“I mean, I had bank employees on my payroll, basically, because in LA, people drive a Lamborghini, they rent a house in the valley, right?”
Molly Bloom took direct rakes during her poker games' final six months
“In some of those games where I was betting on the players, and they were bad bets, I started to take a rake. This was the last six months.”
Molly Bloom says a player lost $100 million in one game
“This was the game that, like, ultimately someone lost a hundred million”
Asset forfeiture left Molly Bloom's bank account at negative $10 million
“I looked, logged into my bank account, and I read -9,999,000. The division of asset forfeiture, Had taken everything”
Molly Bloom states 17 FBI agents raided her home to arrest her
“Five days later, in the middle of the night, 17 FBI agents, machine guns, high beam flashlights, put me in handcuffs, And shackles, and put this piece of paper in front of me that said, the United States of America versus Molly Bloom.”
SDNY offered Molly Bloom deferred prosecution and money back to inform
“So they said, if you're willing to give, you know, if you're willing to work with us, we'll give you all your money back. We'll give you a deferred prosecution, which will keep you out of prison.”
Molly Bloom rejected seven-figure book deals for a celebrity hit piece
“And then the publishers were willing to pay me six, seven figures for a celebrity hit piece. I was broke living with my mom. Again, I turned that down.”
Molly Bloom says high-stakes poker is about community and escapism
“Because I wasn't a poker player, there was an advantage, because I was able to zoom out and see, this isn't just about poker, this is about community, it's about storytelling, it's about belonging to something, and it's about escapism and fantasy”
Molly Bloom explains how to structure a profitable poker game
“If you're treating the business, if you're treating the poker game like a business, essentially what you want is you want nine people seated around a table with equal playing styles, equal skills, skill levels, and hopefully you get these heart-pumping results…”
Molly Bloom rejected cash from poker pros to protect game integrity
“When I started running these games, there was a lot of pros that would offer me free rolls, straight cash, if they could play, but I knew that that would compromise the integrity of the game.”
Molly Bloom says Tobey Maguire was her only tight poker player
“He was the only one in the game that was tight.”
Molly Bloom made $4,000 in tips on her first night serving
“At the end of the night they were tipping me in chips, and someone counted out 4000 dollars in cash, and I was like, okay, I don't know what's up with this chip token economy, but I think I might want in.”
Molly Bloom raised her LA poker game buy-in from $10,000 to $50,000
“When I was serving drinks, it was a 10,000 dollar buy-in. I raised it to a 50 thousand dollar buy-in.”
Molly Bloom personally covered unpaid debts when high-stakes poker players defaulted
“Well, I've been stiffed and I wrote those checks.”
Molly Bloom's New York poker games required a $250,000 buy-in
“The game in New York was a 250,000 dollar buy-in.”