08 Aug 2008

Monaco Millionaires

Thirty years ago I was sitting in the swankiest golf clubhouse I had ever frequented. The gentleman I was with who had been a member for decades told me that they had two types of members – rich millionaires and poor millionaires.

They seem to only have the rich type millionaires here. I have seen more Rolls-Royces and Ferraris here in two days than in my entire life in Beverly Hills, New York and Miami combined. Many of the taxis are Mercedes Benz.

Fact – The Principality of Monaco is only .75 sq. miles with a population of about 35,000.

The industry here is just tourism and gambling. But that is plenty, given that millions of people travel here annually and one family owns the town.

Wealthy people flock here because the weather is great, there are NO income taxes, and other wealthy people come here. That doesn’t hurt the retail or casino industry at all. It seems to work just fine.

I was so amped after the tournament last night I stayed up until 5:45 am having fun with the family and writing the blog. Tomorrow is our last full day on the yacht.

07 Aug 2008

Monte-Carlo Poker Masters

It just doesn’t get any better than this. Yesterday while playing on the Internet I learned that there was a good sized poker tournament going on in Monte Carlo.  As you may know, Monte Carlo and St. Tropez are on complete opposite ends of the French Riviera and stand as bookends to some of the most beautiful coastline, anywhere.

Imagine going via yacht to Monte Carlo for a poker tournament.
I have been at the marina many times watching the yachts and wondering who all the fancy people were on them. Now here we were mooring and the people dockside were wondering who we were.
Most poker tournaments have a structure where as players lose their chips they are out of the tournament and ultimately there is one winner. This one is different. The entry was 2,500 Euros (appx $4,250), and there are four first days. Each day the top 15% of the players move to the Sunday final. These top 15% are then “in the money.” The unique twist is that if you go broke on the first day, you can buy in again on the second day. So some people may be paying 10,000 Euros hoping to get to the finals.
The tournament director is an old friend I met years ago at The Aviation Club Casino in Paris, Oriane Teysseire. She was so appreciative that we came that she arranged to get us a room for the evening at The Fairmont Hotel, the site of the tournament.
48 of us signed up which meant that seven of us would qualify for Sunday. At 3am we finished for the evening and I was the chip leader. I’ll be back Sunday with more to report.
What a day!


06 Aug 2008

St. Tropez and its environs

I’ve probably visited St. Tropez fifteen of the last thirty years and still enjoy it. But make no mistake about it, it has outlived its reputation in many respects.

Bridget Bardot made it famous 50 years ago and it became famous for the rich and beautiful. It is quite secluded because it is at the end of a long peninsula with no train access and poor auto access.

Nowadays it is so crowded that the super rich are nowhere to be seen, it is overpriced and overcrowded, especially in August. So here I am.

The trick is to not spend too much time in the center of town. The port is worth a peak and a couple hours. Senequier is world famous and worth a coffee and gelato.

The famous beaches are actually around the bend in a city called Ramatuelle. It is well worth an afternoon, the women are still world class, and it still has a hedonistic feel to it. Like other parts of Europe, especially France, what they call beaches are really portions of beaches that are private with accommodations rented by the day. Most have lounges, umbrellas, dining, bar, water sports and massages available. Many also have a hedonistic feel to them in proportion to the young single patrons. Moorea Plage is one of my favorites.

Tip - Be sure to bring your own beach towel. What do you want for 50 Euros?

The other night I mentioned dinner at Port Grimaud. Tonight we went up to the Gassin which overlooks St. Tropez and is considered by many to be the most beautiful village in France. You may notice that often I do not mention restaurant names. That would typically be in areas such as where we have visited where there are countless ones that are close by and may strike your fancy.

Heard at the port today – The Democrats are the party of no ideas and the Republicans are the party of bad ideas.


05 Aug 2008

Fresh Croissants; Dinner with Henri

Fresh Croissants

Allyn and I are committed to no weight gain on this trip. We got up and did a good brisk walk and returned for several sets of tough aerobic activities. Getting ready for breakfast we discussed how well we have been eating and another healthy meal was imminent.

The captain tricked us. He had snuck out and returned with a few goodies including fresh croissants. You know you are in France when your croissants are so fresh that they are still warm from the bakery. We had no choice but to sample them, if for no other reason to compare them to those obtained in the next port.

Then we set sail for Bandol, four hours west by yacht, for a business meeting. We didn’t literally set sail because we are on a motor yacht, but it sounds very chic to me. 

Dinner with Henri

Besides travel, I am also in the poker business ( and Our magazine, Card Player, is published around the world in over ten languages. We are fortunate that our French licensee is Imprimerie Rockson, one of the largest printers in France. The owner, Henri Papazian, has expanded his empire to include publishing, marketing, advertising, Internet construction and design, and virtually everything else media oriented.

I was honored that Mr. Papazian insisted my family spend the day with him on his yacht, not far away. It sounded fun, even though I don’t speak French and his English is worse than my French.

My people spoke to his people and we were all looking forward to playing “Let’s see who has the biggest yacht.”  Of course ours is just a loaner and he owns his, but what the hey?

Sadly, that just wasn’t in the cards (pun intended). Since the seas were too rough we ducked in to Cavalaire-sur-Mer where we moored for the evening at the charming seaside resort. Henri and his entourage came down by car to join us for a dinner by the sea.

The food, service and ambiance were all superb, but the company made the meal. My son, Michael, saved that day with his interpretive skills. Finally that summer that I financed when he was supposed to be in school (but was actually on the beach and in the discos) in Nice, France some 18 years ago, was giving me a return on my investment.

Henri was quite impressed when the waiter somehow knew who I was and asked for my autograph. (Frankly, I was baffled.)  We even accomplished some business, and a good time was had by all.


04 Aug 2008

My friend’s yacht; home for a week

How lucky am I. A friend not only is lending me her 76 foot crewed yacht for a week, but had a limousine pick us up for the three hour drive from Avignon this morning to St. Tropez where the yacht is moored.

The size is perfect for up to six passengers in the three staterooms down below. On the main deck is the galley and an indoor living room/dining room area and an additional outdoor table. The third deck has another table and comfortable lounging areas both mid deck and on the bow.

We headed down the road by taxi to the village of Port Grimaud for dinner. Most French restaurants have a choice of a menu which is three or five courses or a la carte. The menu will have selections for each course and is a relatively inexpensive way to go if you want an entire meal. All over Europe the house wines are reasonable and quite good. The prices of the house wines tend to be in line with the prices of the menu. That is - fancy meal equals fancy wine.

Please do not confuse reasonably priced with inexpensive. With the dollar as weak as it is and given that we are at the height of the tourist season, prices are crazy high. Depending on your outlook, no matter how wealthy you are, prices may bother you to the point of ruining some of your travel enjoyment.

Tip – This may sound silly but when you see pricing quoted in Euros or pounds just pretend they are dollars.

Tip 2 – Check exchange rates. Hotels are the worst.

Tip 3 – Charge as much as possible. The rates are very good although the credit card companies are now charging a fee. It does allow you to carry less cash though.

Tip 4 – If you want to save a few bucks then do not eat right on the water, go to less trendy spots which may be right next door. Really the trick then would be to stay away from places like St. Tropez during summer, but that is not the JETSETWAY.