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Mr Morgan - who last year divorced Marion Shalloe, his wife of 17 years and mother of his three sons - has been dating Ms Walden for four years, after falling for her when he interviewed her for men’s magazine GQ.
In 2007, gambling revenue was billion a year - now it's down more than 30 per cent.
She's as far removed from the caricature of the old scar-faced gangster casino boss as you could imagine. Most whales are male, and they tend to be very competitive and love the challenge of taking on the casino to either win or lose big.
But that sweet little smile belied a ruthless mind. I think for many of them it's not really about the money, it's more about that challenge. But my view is that if they're addicted but their bank credit roll can withstand it, that's fine,' says Debbie.
Steve admits his dream punter is the 'happy loser'.
'I want a guy to drop $100,000 in a night but have such a good time doing it that he shakes my hand and asks me when the next event is.
My favourite suite was one at The Palms that housed an almost full-size basketball court.