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AlanMendelson
AlanMendelson
Joined: Oct 5, 2011
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April 25th, 2022 at 7:22:19 PM permalink
Two points.

Bilyryan is right about casino companies moving to the Internet. Sands is now advertising for TV people to set up and run a live casino streaming service with live casino gaming online. Adelson when he was alive was opposed to any online gaming. I met him several times because he was related to wife #3. We talked at funerals of her aunts and uncles.

Who is more valuable to the casino -- bottle service customers or BJ players? BJ players are. The clubs are usually not operated by the casino companies and are leased out. So the issue is converting the club crowd to casino players. There is some ancillary revenue from hotels, restaurants and from club leases.
billryan
billryan
Joined: Nov 2, 2009
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April 25th, 2022 at 7:33:52 PM permalink
Some ancillary revenue? I believe MGM receives several hundred million dollars just from the leases plus a percent of the gross.
Twenty years ago, hotels would pay entertainers and if they didn't sell tickets they lost on the deal. Now they lease space and get paid upfront, plus a share of the door after a certain number. The old $6.95 loss leader buffet is now a $69.99 per person profit center.
Adapt or die.
The difference between fiction and reality is that fiction is supposed to make sense.
Venthus
Venthus
Joined: Dec 10, 2012
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Thanks for this post from:
camaplteddys
April 25th, 2022 at 7:36:12 PM permalink
I've basically shifted all my play to cruise ships due to the drying up of offers in the last few months... and found it a surprisingly attractive proposition, compared to local play: Rules where I frequent are pretty standard 3:2 (H17, DAS, A2C, CSM, NRSA), with 0.61873% according to the WoO calculator. (Assuming it's a 6D CSM.)

15 hours of play a week or so at the 25$ level gets you a room plus a few hundred in freeplay/non-doms, and all your food is covered. Downside, you'll be paying about 300/week/person in taxes and effectively mandatory gratuities, unless you're classified at a higher tier, where you get other perks (in terms of expenses... free gratuities). Combo this with free float and gambling at a discount (Averaging 7% or so, until I ran into flow issues, some 30k in), I'm finding anything a traditional casino can throw at me to be a hard sell. I mean, they even give random junk as gifts that break five minutes later too. (Okay, I probably shouldn't've put 8 bottles of wine into that daybag.)

I'm letting my CET tier rot this year... probably for good.
CharlesMousseau
CharlesMousseau
Joined: Nov 1, 2016
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April 25th, 2022 at 9:13:07 PM permalink
For what it's worth, last time I was at the MGM Grand in LV, there was a sign on the bubble craps indicating that players would not get any points for playing it. That's been a couple years ago though.
AxelWolf
AxelWolf
Joined: Oct 10, 2012
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April 26th, 2022 at 2:33:43 AM permalink
Quote: darkoz

Quote: billryan

It's almost as if some outside economic events were influencing the casinos. They lost months of revenue and are operating under reduced capacity but you expect them to continue their offers as if nothing is going on?
link to original post



Actually yes. They should be raising their offers.

Offers are designed to reel in customers. Their customer base has also been affected economically. A person hurting economically might make the trip to the casino if he has decent offers (not necessarily even Freeplay but RFB etc).

Instead casinos are cutting comps. That equates to cutting reasons for customers to come in.

These changes will only stay in place until they analyze how much business is hurting. Then suddenly there will be a flood of offers to reel people in.

All it takes is one property to see how they can snag business with wonderful comps and bang, the comp wars are back
link to original post

Perhaps they should but, from my experience over the years, when the casinos are doing poorly, the offers and promotions tend to drop off significantly. The better a casino is doing, the better the offers and promotions tend to get.
♪♪Now you swear and kick and beg us That you're not a gamblin' man Then you find you're back in Vegas With a handle in your hand♪♪ Your black cards can make you money So you hide them when you're able In the land of casinos and money You must put them on the table♪♪ You go back Jack do it again roulette wheels turinin' 'round and 'round♪♪ You go back Jack do it again♪♪
billryan
billryan
Joined: Nov 2, 2009
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April 26th, 2022 at 8:34:11 AM permalink
Quote: AxelWolf

Quote: darkoz

Quote: billryan

It's almost as if some outside economic events were influencing the casinos. They lost months of revenue and are operating under reduced capacity but you expect them to continue their offers as if nothing is going on?
link to original post



Actually yes. They should be raising their offers.

Offers are designed to reel in customers. Their customer base has also been affected economically. A person hurting economically might make the trip to the casino if he has decent offers (not necessarily even Freeplay but RFB etc).

Instead casinos are cutting comps. That equates to cutting reasons for customers to come in.

These changes will only stay in place until they analyze how much business is hurting. Then suddenly there will be a flood of offers to reel people in.

All it takes is one property to see how they can snag business with wonderful comps and bang, the comp wars are back
link to original post

Perhaps they should but, from my experience over the years, when the casinos are doing poorly, the offers and promotions tend to drop off significantly. The better a casino is doing, the better the offers and promotions tend to get.
link to original post




That is the pattern I've seen in the last twenty-plus years.
The difference between fiction and reality is that fiction is supposed to make sense.
camapl
camapl
Joined: Jun 22, 2010
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April 26th, 2022 at 3:12:43 PM permalink
Quote: Venthus

I've basically shifted all my play to cruise ships due to the drying up of offers in the last few months... and found it a surprisingly attractive proposition, compared to local play: Rules where I frequent are pretty standard 3:2 (H17, DAS, A2C, CSM, NRSA), with 0.61873% according to the WoO calculator. (Assuming it's a 6D CSM.)

15 hours of play a week or so at the 25$ level gets you a room plus a few hundred in freeplay/non-doms, and all your food is covered. Downside, you'll be paying about 300/week/person in taxes and effectively mandatory gratuities, unless you're classified at a higher tier, where you get other perks (in terms of expenses... free gratuities). Combo this with free float and gambling at a discount (Averaging 7% or so, until I ran into flow issues, some 30k in), I'm finding anything a traditional casino can throw at me to be a hard sell. I mean, they even give random junk as gifts that break five minutes later too. (Okay, I probably shouldn't've put 8 bottles of wine into that daybag.)

I'm letting my CET tier rot this year... probably for good.
link to original post



I’d be interested in hearing more… Any chance of you posting a trip report in a new thread?
* Actual results may vary.
Venthus
Venthus
Joined: Dec 10, 2012
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April 26th, 2022 at 3:35:01 PM permalink
Quote: camapl

I’d be interested in hearing more… Any chance of you posting a trip report in a new thread?
link to original post



Trip reports aren't really my thing as they end up more interesting if the poster is organized and, yanno, interesting. Mine pretty much end up being somewhere between a food blog and reviews of computer games du jour. Especially for Mexican Riviera/California Coast that, combined, I've probably clocked over 150 days on, so you're not even going to get any new food photos, though I could dip into my old collection.

If you have any specific questions, I'm perfectly fine with answering them, though I may have to adjust/be vague on personally identifiable details, since the staff always remember me. ("Heeeey, you were on the Grand like... six years ago?" "...GOOD TO SEE YOU AGAIN!whoever you are) ...Maybe setup a new thread in the Other Casinos section for Q/A instead, if it turns out worthwhile.
DeMango
DeMango
Joined: Feb 2, 2010
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April 26th, 2022 at 6:38:19 PM permalink
Quote: tuttigym

Tunica, MS has only 3 casinos
I think they lost three and still have six.

Mr. billryan may be right?no, not gonna happen!

tuttigym
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edit: formatting -D
Last edited by: unnamed administrator on Apr 27, 2022
When a rock is thrown into a pack of dogs, the one that yells the loudest is the one who got hit.
Dieter
Administrator
Dieter
Joined: Jul 23, 2014
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April 27th, 2022 at 1:41:12 AM permalink
Quote: DeMango

Quote: tuttigym

Tunica, MS has only 3 casinos
I think they lost three and still have six.

Mr. billryan may be right?no, not gonna happen!

tuttigym
link to original post


link to original post



A polite caution on interspersing replies with quote blocks: don't attribute your words to someone else. Misquoting is naughty.
May the cards fall in your favor.

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