Atlantic City Open Forum
Quote: BozBlackjack Switch is all over Vegas so it may be a variation of the same game.
https://wizardofodds.com/games/blackjack/switch/
No, not Switch's game. Check out the blog. It claims there's an anti of 20% of the wager and some other weird rules. That's why I asked if it's for real.
Quote: 1BBI'll be there in a couple of weeks. In the meantime, someone here blogged about a new blackjack game at Revel called Switch Hands Blackjack. The blog is still up. Can you see if that's a real game of if someone is pulling my leg?
I saw that too...if it's real it seems like it has potential. I was planning on looking for it. I'm suspicious that it: a) exists at all; or b) is as reported. But if I find it I'll let you know.
http://news.msn.com/in-depth/atlantic-city-doomed-by-glut-of-casinos-in-region
Quote: RaleighCrapsMore rehash
http://news.msn.com/in-depth/atlantic-city-doomed-by-glut-of-casinos-in-region
The glut that article refers to is not the only problem facing the industry.
Casino revenues are down nationally.
Even Macao revenue is down for the first time in five years.
People spend money based upon their expected future income.
The baby boomers who fueled the growth of the casinos are retiring and protecting their nest eggs by gambling less or not at all.
The younger generation doesn't have the cash or the expected future income that the previous generation had.
35% of Americans are facing debt collectors.
Household wealth is down 36% from what it was ten years ago, adjusted for inflation.
Is that right? Do you have a link, I'd be interested in seeing more on that?Quote: Tanko
35% of Americans are facing debt collectors.
Quote: chickenmanIs that right? Do you have a link, I'd be interested in seeing more on that?
Debt Collectors
Wealth
Take our situation and figure that it affects everyone else like us. And now there are going to be MORE casinos? Good luck with that. We love casino gambling, but even still, we are spending less.
Quote: MoscaAnd now there are going to be MORE casinos?
We've all heard the definition of insanity is doing the same thing over and over again and expecting different results.
At the end of 2007, there was only $12 trillion at risk in a global derivatives market of $596 trillion.
Then it all collapsed.
Today, there is only $14 trillion at risk in a growing global derivatives market of around $710 trillion.
The same players are still at it.
Derivatives
What's next?
Quote: MoscaTen years ago, when I made less money and we were still raising our daughter and facing her imminent college expenses, I was a green chip bettor. Now I make 50% more, our daughter is on her own, the mortgage is paid, and I bet red, because freakin' ONIONS are $1.99/lb. I paid $1.10 for a single red onion the other day. It starts with that, at the bottom of the necessities, and works its way throughout our lives. We are the prime customers for casinos: reasonably affluent recreational gamblers who don't mind paying for a fun game and good hospitality. But budgets are real, and entertainment dollars, as the least important dollars, need to get spread effectively.
Take our situation and figure that it affects everyone else like us. And now there are going to be MORE casinos? Good luck with that. We love casino gambling, but even still, we are spending less.
Yet the government tells us there is virtually no inflation.
Quote: bwYet the government tells us there is virtually no inflation.
Total earnings are (roughly) keeping up with the price index, but the rich are getting richer and base wages for the majority are not keeping up. That's part of the reason we feel it more than the numbers reflect. The CPI also needs revision to reflect modern expenditures and priorities.
Quote: MoscaTen years ago, when I made less money and we were still raising our daughter and facing her imminent college expenses, I was a green chip bettor. Now I make 50% more, our daughter is on her own, the mortgage is paid, and I bet red, because freakin' ONIONS are $1.99/lb. I paid $1.10 for a single red onion the other day. It starts with that, at the bottom of the necessities, and works its way throughout our lives. We are the prime customers for casinos: reasonably affluent recreational gamblers who don't mind paying for a fun game and good hospitality. But budgets are real, and entertainment dollars, as the least important dollars, need to get spread effectively.
Take our situation and figure that it affects everyone else like us. And now there are going to be MORE casinos? Good luck with that. We love casino gambling, but even still, we are spending less.
This makes no sense to me. You spend more on onions than you did on your daughter's college tuition? Your breath must smell terrible unless you spend even more on toothpaste.
Now, you say that you make 50% more. Before or after taxes? How much have your taxes gone up? Is your takehome actually that much higher?
The explosion in the issuance of food stamps etc. contradict that assertion.Quote: beachbumbabsTotal earnings are (roughly) keeping up with the price index.
Quote: SanchoPanzaThe explosion in the issuance of food stamps etc. contradict that assertion.
50 years ago, the wage difference between the richest and the poorest workers was (roughly again) 22x. Now it's 400x (roughly). That makes a difference. And does not disinclude the explosion in issuance of food stamps. Total earnings as a dollar amount are keeping up with other indicators, indicating a false sense of affordability for food and basic needs. But those earnings are disproportionately going to the top, leaving a lot of people unable to afford many casual expenses they could enjoy in past generations.
Quote: beachbumbabs50 years ago, the wage difference between the richest and the poorest workers was (roughly again) 22x. Now it's 400x (roughly). That makes a difference.
It really doesn't, though. This is an overly-inflated number that's mostly caused by the increase in the number of large corporations vs mom-and-pop stores. It doesn't hurt the people on the bottom of the scale at all. It probably helps them, actually (many small companies is a horribly inefficient way to do things, and those inefficiencies get passed on to the customer in price increases. Say what you will about Walmart, but, if you have a very limited amount of money, it's where you will go to buy stuff because they can use their scale to give you better prices than small stores can) Rich people can afford to "support local businesses" and their inflated prices, but poor people can't waste money like that.
There seems to be this general misunderstanding that the economy is a fixed size and if someone gets more, that means that someone else gets less. That could not be further from the truth -- it's actually just the opposite.
Quote: SanchoPanzaIf the "1 percent" are making all the bucks, that's a really small niche. Meaning that it would not have such a grave effect on the figures for the total population. Is a cite available for those statistics you are posting? Thanks.
Here's a good start on it.
Quote: SanchoPanzaIf the "1 percent" are making all the bucks, that's a really small niche.
30 years ago I read that if you took all the
wealth of the world and split it evenly
among the people of the earth, in 5 years
it would be right back where it started.
I fervently believe that. Some people know
and understand money, most don't. John
Rockefeller's sister used to say of him, when
they were kids if it was raining porridge,
when the rest of them would be covering
their heads with their bowls, John would
be the one running around collecting it
in his. In other words, he understood what
money was and how to get it at a very early
age.
Quote: SanchoPanzaIf the "1 percent" are making all the bucks, that's a really small niche. Meaning that it would not have such a grave effect on the figures for the total population.
Correct.
This national pity party was started by the Dems to vilify the wealthy and separate the income classes to win support from non wealthy voters.
This is the Gini Index, which measures inequality of income distribution.
The USA ranks 41st out of the 141 nations represented in the Index.
Vietnam, Pakistan, Nigeria, Egypt Bangladesh, Iran and The Phillipines for example, have better income distribution than the USA.
Care to live there?
Better Example:
This is the Quality of Life Index.
The USA ranks second only to Switzerland in Quality of Life and Purchasing Power.
Also included is the Property Price to Income Ratio.
The USA has the lowest Property Price to Income Ratio in the world.
Quote: 1BBI'll be there in a couple of weeks. In the meantime, someone here blogged about a new blackjack game at Revel called Switch Hands Blackjack. The blog is still up. Can you see if that's a real game of if someone is pulling my leg?
I saw "switch hands" blackjack at the Revel this previous Sunday and I got the "how to play" card for the game. So the game does exist; but it requires a $1 ante for every $5 wagered. So you are in the hole 20% before you start. From what I can see the ante is NEVER paid off... just raked by the house every hand win or lose. I will post the game card and some details tonight when I have some more time.
I haven't run a single number but my gut instinct says the game itself is +EV...without the ante...but negative EV with the ante calculated in.
Go be rich in Nigeria if you really hate being poor here.
Quote: ahiromuIncome inequality is overblown in a country such as the US. Most of the poors have access to cheaper housing and partially free food (SNAP isn't supposed to cover the whole thing even though it can). In addition, I'd be willing to bet that a good amount have air conditioning and heating where/when it's necessary. Lastly, I've seen many people using an EBT card while talking to someone on their iphone. Until these people become so destitute that their basic necessities literally can't be met and their offspring aren't able to change their economic status, this isn't a problem for me.
Go be rich in Nigeria if you really hate being poor here.
SNAP is such a horrible program as it stands, in my opinion. Like you said, people will be at a grocery store using SNAP but they are talking on their Note, wearing designer clothes. They will also be buying cigarettes at the same time. I am 100% for people getting help if it is needed but does it sound like the person described above needs help. They may not make a lot of money but until they start sacrificing some of their wants, I shouldn't have to subsidize their spending.
Quote: AxiomOfChoiceThis makes no sense to me. You spend more on onions than you did on your daughter's college tuition? Your breath must smell terrible unless you spend even more on toothpaste.
Now, you say that you make 50% more. Before or after taxes? How much have your taxes gone up? Is your takehome actually that much higher?
The tuition was saved over 18 years. What I'm saying is that back then it was easier to bet more with less income, because expenses were lower.
The onions are acting as a representative for all small expenses: gasoline, insurance, food, utilities, home repairs, and other services. I see no need to lay out our household budget to justify an internet discussion.
That cite does not even mention the subject of two unattributed assertions about earnings/wages keeping pace with the price index (presumably the CPI). All the piece does discuss is the distribution of income. Surely detailed statements like, "Fifty years ago, the wage difference between the richest and the poorest workers was (roughly again) 22x. Now it's 400x (roughly)," must have some basis in professional reports.Quote: beachbumbabsHere's a good start on it.Quote: SanchoPanzaIf the "1 percent" are making all the bucks, that's a really small niche. Meaning that it would not have such a grave effect on the figures for the total population. Is a cite available for those statistics you are posting? Thanks.
Wow! Millions of fans have shown up for the FREE AC Summer Beach Concert. Hmm...it's up to casino management to lure those fans onto casino floors and "rob" them of their money legally. If you were the management, how would you lure them onto casino floors?
Quote: Fortalezo
Wow! Millions of fans have shown up for the FREE AC Summer Beach Concert. Hmm...it's up to casino management to lure those fans onto casino floors and "rob" them of their money legally. If you were the management, how would you lure them onto casino floors?
Two words:
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APPLE PIES
The chairman and president of Revel, according to that Business Week profile, has quite a record in the casino industry, despite the magazine's pegging it at 12 years:Quote: 98Clubs. . . someone involved with MS at Pocono Downs
"Mr. Hartmann served as the Chief Operating Officer and Executive Vice President of Mohegan Sun at Pocono Downs from August 2004 to January 2011. He served as the Chief Operating Officer of Mohegan Tribal Gaming Authority since April 2006. Mr. Hartmann has 12 years of experience in the casino and hotel industry. Mr. Hartmann served as Executive Vice President of Finance and Chief Financial Officer of Mohegan Sun of Mohegan Tribal Gaming Authority from October 1999 to August 2004 and also served as its Principal Accounting Officer until August 2004. He served as Senior Vice President of Finance and Chief Financial Officer of Mohegan Sun from December 1996 to October 1999. Mr. Hartmann worked for Foxwoods, a casino located in Connecticut, from August 1991 to December 1996, including as Vice President of Finance for Foxwoods Management Company."
Maybe the Mohegans would be interested in the fire sale???
Quote: GWAEStaying at Showboat for 4 days, wish me luck. I have a gambling budget of $400.
4 days only $400?
I'm very courteous, just this guy was talking about me like I couldn't hear him, so duck him. Smoke is like death of 10000 cuts and I would bet your fan is futile to do anything meaningful. Being in the nonsmoking section would be worth it though. spraying anyone with anything you're crazy if you try it. You'll either be kicked out of the casino or decked.Quote: GWAEI started carrying this little battery operated fan. If a smoker sits next to me and blows smoke my way I turn it on and blow it back. I have pissed off 7 people in 9 days. I only do it to the really obnoxious people who actually blow it in my direction or put the ashtray right next to my machine where the smoke had no where else to go. My next move is to get some kind of spray that smells like horrible b.o. and spray that as well.
Quote: pokerface4 days only $400?
Yep, only going there because we wanted to go to beach and where else can I stay on the beach for free.
Besides I can walk to a casino with better rrules anyways.
Quote: o wsynenickelmiracleGood luck there. I have gone Greyhound there twice for value and free play. Tolls get costly and I would be interested to know how many you encounter for the round trip.
It is a lot, I think nearly $40 Each way. I will let u know when we get back. I thought about taking 70 across the state instead of turnpike but it adds another 90 min.
I then found out a few minutes later that her platinum card was expired and she is no longer plat. Owell free parking and quick check in, will try using it one more time to cut restaurant line.
Read on MSN that Donald Trump is suing to have the Trump name removed from the Trump Taj Mahal and Trump Plaza. He claims they have gone into severe disrepair and are tarnishing the Trump brand which is all about excellence and luxury.
Trump claims he left AC many years ago, but the company that took over his licenses kept the Trump name. Of course, the company is Trump Entertainment, but the Donald claims he has nothing to do with that company.
You're much better off just using the hotel's safe from the front desk. Some casinos will let you even if you aren't staying there.
