Yes, I saw that. The limit generally applies per seat or per bet. A reference that this applies to a physical body of meat would be awesome.

And if the casino didn't know the decks were rigged, why would they close the table and risk angering a bunch of high rollers?

To not have to pay out lots of money if something is wrong. But I guess they could just wait to see if the players don't end up giving it all back in the end.