billryan
billryan
Joined: Nov 2, 2009
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Thanks for this post from:
OnceDear
July 4th, 2020 at 1:06:35 PM permalink
Quote: AxelWolf

That original 'lockdown' was not good enough, I want to almost say it was a waste of time, but it saved some lives so I can't really say that, but for lack of better words, it was a waste of time considering about 50% of the businesses were still open , and they didn't have strict social distancing and face mask policies for the places that were open. I'm not sure how much time it would have taken or exactly what extreme measures we would have had to take in order to make a huge difference. It just seemed obvious that we were going to be back in the same situation we were before the lockdown once everything opened up again.




When I look at the statistics, it seems the lockdown worked. Every chart was headed in the right direction. The CDC came out with guidelines on when and how to re-open. Some Governors decided to re-open well before guidelines said it was safe, and the results were predictable.
If you want to judge if the lockdown was effective, look at the charts of the states that opened early vs the ones that didn't.
I read a report yesterday that 100,000 lives could have been saved if we had gone into lockdown two weeks earlier.
Too late for that, but how many thousand lives can we still save by staying home as much as possible and wearing a mask when you are not home.
There really is a boogeyman out there, but like a vampire, the virus can't come into your home if you don't invite it.
Vegasrider
Vegasrider
Joined: Dec 23, 2017
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July 4th, 2020 at 1:52:03 PM permalink
If our stupid governor follows what the California governor did, I think he will be a dead man. As long as we are not overwhelming our hospitals, I think we should stay open. Yes, positive cases have sky rocketed. Currently, Nevada is cashing big tine from all the people coming over from California.

From what I have been witnessing at the casino, and im at the sameone everyday, they are not enforcong social distancing nor they are not disinfecting the machines regularly enough. I played UTH last night for about 5 hours, saw plenty of players come and go, not a single employee came by and disinfected the chair, rail or surface. Because what I have witnessed on a daily basis, I will always disinfect my area evey time.

The required mask rule is a joke for the smoker's. They can't smoke whike they are at the gaming table, night as well just eliminate smoking all together.

The only area that is adhering to the rules are the dinig areas.
BlueHorseshoe
BlueHorseshoe
Joined: Mar 27, 2018
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July 4th, 2020 at 2:52:57 PM permalink
/plannedemic-bombshell-cdc-inflating-covid-infection-rates-up-to-16-times/

Very interesting.
YOU CAN LEAD A HORSE TO WATER, BUT YOU CANT CATCH MEASELS FROM A DOLPHIN. HUH?
billryan
billryan
Joined: Nov 2, 2009
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July 4th, 2020 at 3:28:25 PM permalink
Quote: BlueHorseshoe

/plannedemic-bombshell-cdc-inflating-covid-infection-rates-up-to-16-times/

Very interesting.



Only 16X? My guy claims its inflated 27 times. He's an avid talk radio listener so I'm sure his numbers are more accurate.
SiegfriedRoy
SiegfriedRoy
Joined: Sep 23, 2014
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July 5th, 2020 at 7:32:32 AM permalink
The strike may be an issues. However, I wonder and doubt the casinos are even breaking even while being open post-COVID. Restaurant & bars, gaming, attractions, and hotel revenues are down, and zero revenues from shows and night clubs. Even with the reduced income they may pay for a skeleton crew, I have a hard time believing they're making money. Does anybody have any information on this? If the casinos use the crowd-size of this past weekend as a baseline of "best-case" revenue scenario for the next several months and they still are not turning a profit, I can see more casinos closing down few more properties to get to a point where they're not in the red.
ams288
ams288
Joined: Sep 26, 2012
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July 5th, 2020 at 9:54:35 AM permalink
FWIW, The Venetian denies that they’re closing down again.

https://twitter.com/venetianvegas/status/1279451976892178432?s=21

Still doesn’t rule out another mandatory closure coming from the governor.
Eater of Worlds
Marcusclark66
Marcusclark66
Joined: Mar 26, 2020
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July 5th, 2020 at 10:08:35 AM permalink
I work for one of the top five casino branding companies in the nation, although I'm not in Las Vegas I'm in the Midwest region. A lot of our properties are just as big in the Midwest and profitable as the ones in Vegas that we do have. Although Vegas has a much higher debt to income revenue stream as compared to the Midwest, we are just starting to see some decent numbers returning in the midwest after slightly more than a month of operations. Vegas takes a heck of a lot more gross income to break even then what the Midwest properties do. One thing some of you are seemingly forgetting about is, unlike a small business that needs immediate return because of no cash reserves or funding issues, larger casino companies can pull from other regions and sources to pay their debts.

Personally I had not heard anything about my company shutting down the operations we do have in the Vegas area. We are more concerned about multi quarter numbers then we are on the day-to-day or month-to-month type of revenue analysis to make decisions.
Vegasrider
Vegasrider
Joined: Dec 23, 2017
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July 5th, 2020 at 10:12:47 AM permalink
Quote: SiegfriedRoy

The strike may be an issues. However, I wonder and doubt the casinos are even. Even with the reduced income they may pay for a skeleton crew, I have a hard time believing they're making money. Does anybody have any information on this? If the casinos use the crowd-size of this past weekend as a baseline of "best-case" revenue scenario for the next several months and they still are not turning a profit, I can see more casinos closing down few more properties to get to a point where they're not in the red.



Remember, most if not all the casinos has raised the table minimums. Players are losing their money at a much faster pace. I played about 6 hours of UTH Friday night and players didn’t last very long playing double of what the minimums were because they are still buying in for the same amount when the table minimums were before covid hit. Plus playing maximum of three handed, the games moves very fast! Doesn’t take long for players to go broke.
SiegfriedRoy
SiegfriedRoy
Joined: Sep 23, 2014
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July 5th, 2020 at 10:34:03 AM permalink
Quote: Vegasrider

Remember, most if not all the casinos has raised the table minimums. Players are losing their money at a much faster pace. I played about 6 hours of UTH Friday night and players didn’t last very long playing double of what the minimums were because they are still buying in for the same amount when the table minimums were before covid hit. Plus playing maximum of three handed, the games moves very fast! Doesn’t take long for players to go broke.



I want to focus on Vegas Strip properties for now as they tend to be the biggest draw for tourists.

In 2019 STRIP PROPERTIES ONLY: Gaming revenue was 34.83%, Room was 28.34%, Food was 16.39%, Drink 7.43%, Other 13.02%. Vegas is no longer primarily about gaming. It still is the highest revenue category, but it's just above 1/3 of where tourists pend their money. Restaurants, shows, concerts, bars and other venues will need to open to maximize profit. I can definitely believe that the revenue stream for midwest and other regional casinos may heavily rely on gaming (and I can believe they can survive much easier than Vegas), but Vegas is a different beast.

Vegasrider, one of the biggest way of turning off a customer is pricing the customer out by raising the limit. Vegas rely heavily on low and mid rollers who come regularly to enjoy vegas. You can argue that these demographics are the most important group. I really hope we can turn the corner and have the strip and Downtown vibrant again.
SiegfriedRoy
SiegfriedRoy
Joined: Sep 23, 2014
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July 5th, 2020 at 10:36:37 AM permalink
Quote: Marcusclark66

I work for one of the top five casino branding companies in the nation, although I'm not in Las Vegas I'm in the Midwest region. A lot of our properties are just as big in the Midwest and profitable as the ones in Vegas that we do have. Although Vegas has a much higher debt to income revenue stream as compared to the Midwest, we are just starting to see some decent numbers returning in the midwest after slightly more than a month of operations. Vegas takes a heck of a lot more gross income to break even then what the Midwest properties do. One thing some of you are seemingly forgetting about is, unlike a small business that needs immediate return because of no cash reserves or funding issues, larger casino companies can pull from other regions and sources to pay their debts.

Personally I had not heard anything about my company shutting down the operations we do have in the Vegas area. We are more concerned about multi quarter numbers then we are on the day-to-day or month-to-month type of revenue analysis to make decisions.



That makes a lot of sense. I'm very curious too. These publicly traded gaming companies hold very high debt. Like you said, unless they can offset with chained properties in other regions, or restructure their debt, I doubt (Vegas properties) are turning a profit.

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