NV Gov. Announces Casinos not Opening till phase 3 or 4
As far as restaurants go, I think losing 50% capacity will be the new normal. Same for shows and movies. I also think we are going to have to deal with one-time use plates, silverware, glasses, and paper menus. Your"fine dining" experience is going to be a thing of the past, at least for now.
Our world has changed. Those who adapt quicker will succeed. Those who want to carry on as if things will get back to normal quickly will go the way of the Dodo.
Quote: megapixelsIn order for someone to lose millions a day, somebody else has to make millions a day. Think about that...
Bad logic, I'm afraid. Casino companies are losing millions to landlords, leasing equipment companies, insurance companies, and on taxes, utilities. But these companies receiving money know damn well that there's a breaking point when the casinos won't be,able to pay.
This is not a zero sum game.
This is when everybody loses.
Quote: SOOPOOIf temporary this is at least a start. But there is no way that casinos can make money in the long term with those rules. Imagine any other business having to only have at a maximum half of their business running at any time. But their costs are not half. The poker dealer costs the same. The BJ dealer costs the same. The engineer costs the same.
Time to short casino stocks.....
In the short term the other option would be continuing to make zero. Anything above that seems much better for stock holders. The governor decided each casino is going to make their own rules. Pretty sure they are going to be more focused on profits than public health.
Quote: TomGIn the short term the other option would be continuing to make zero. Anything above that seems much better for stock holders. The governor decided each casino is going to make their own rules. Pretty sure they are going to be more focused on profits than public health.
While they are closed, they are eligible for numerous government programs. Once they open, I'm not sure they will get any help. Assuming they can put off paying off their debt while closed, they might not be in a rush to reopen. Lawsuits from workers forced to work in unsafe conditions have to be considered.
I believe so.Quote: TonyTwoEyesThanks AxelWolf.
Did this site offer odds on NASCAR?
The only fact I've seen so far came in a,statement from MGM which was that they lose money if half the rooms in a hotel aren't booked. That's the only fact or statement about operating costs that I've seen.
If anyone has any true figures please share them.
I don't know how many players are needed to keep a craps table profitable or to keep a row of nickel slots profitable.
Quote: billryanIs there any reason a casino couldn't insist every BJ player play two hands? Four players at two hands each is better than five or six players at one hand each.
As far as restaurants go, I think losing 50% capacity will be the new normal. Same for shows and movies. I also think we are going to have to deal with one-time use plates, silverware, glasses, and paper menus. Your"fine dining" experience is going to be a thing of the past, at least for now.
Our world has changed. Those who adapt quicker will succeed. Those who want to carry on as if things will get back to normal quickly will go the way of the Dodo.
I'm not a restaurateur, but I've often heard that most restaurants are only profitable when full or nearly full during what are called peak times (5-10pm?). That very few will be solvent if during those times they are maxed out at 50%?
A casino certainly could set rules for a new game called "two hand BJ". Just like it could raise table limits. If the market will fill those seats, then they would have done it already. But in this 'new normal', it is not impossible that that will happen.
Quote: AlanMendelsonI'd really like to see some facts and not conjecture about operating costs.
The only fact I've seen so far came in a,statement from MGM which was that they lose money if half the rooms in a hotel aren't booked. That's the only fact or statement about operating costs that I've seen.
If anyone has any true figures please share them.
I don't know how many players are needed to keep a craps table profitable or to keep a row of nickel slots profitable.
And the casinos don't know the answers to these questions going forward as well. They may know the answers with the present levels of staffing, table limits, demographics of players, other new costs to comply. But all 4 of those will change under the 'new normal'.
1. How many fewer gaming employees, maids, security guards will be needed?
2. If we double table limits do we still fill the now 50% tables?
3. Are our whales not coming, but Joe Paycheck still is? Or vice-versa?
4. Do we have to hire 50 additional cleaners, buy 100 million gallons more hand sanitizer, slow the games down incessantly, annoy patrons at entrances, etc....
Alan, who do you think knows the answers to these questions? No one. But there will be lots of guessers.
Quote: ChumpChangeI've got 20 or so N95 masks to last me the rest of the year. The Health Department should have been making hundreds of millions of N95 masks available back in February/March.
Really? Can you remind me where the "Health Department's" factory is? Should the Health Department have been manufacturing toilet paper as well? Hand sanitizer? Remdesivir? Ventilators?
There may be a drought. Let's start buying up the world's water supply.
There may be a plague on insects. Let's start an area with all the good ones to replace the ones that die.
There may be another hurricane. Let's buy a few billion sandbags.
There may be an electric grid problem. Let's build two plants for every one we need.
With unlimited resources we can spend on unlimited supplies, factories, etc.... WE DON'T HAVE UNLIMITED RESOURCES.
6. How will I know when a “public health medical emergency” exists?
It is our understanding that a federal, state or local government agency will
determine when a public health medical emergency exists.
7. Where can I buy a 3M respirator cleared by the FDA for use by the general
public in public health medical emergencies?
FDA cleared N95 respirators specifically manufactured for use by the public will
be made available through government entities, family/community preparedness
organizations and safety equipment distributors. They are also available in
locations such as retail pharmacies/drug stores and mass retailers, sold under 3M’s
Nexcare™ brand.
8. Should I buy these FDA cleared respirators before a public health medical
emergency is declared?
You should reference the information available from the U.S. Centers for Disease
Control and Prevention (CDC), U.S. Department of Health and Human Services
(DHHS), World Health Organization (WHO), your state or local health
department and other relevant sources as you plan your response to an emergency
(please refer to website links at the end of this document). If you choose to use a
respirator as part of your preparedness plan, you may want to purchase some so
you can familiarize yourself with the user instructions and practice putting on the
respirator before there is an emergency.
9. Have any of these respirators been cleared for use by children?
No. The FDA has only cleared the 8612F and 8670F respirators for use by adults.
These respirators are not for use by children.
https://www.cnbc.com/2020/05/04/new-york-city-to-give-away-7point5-million-face-coverings-to-prevent-coronavirus.html?__source=twitter%7Cmain
Quote: ChumpChangeNew York City to give away 7.5 million face coverings to prevent coronavirus - (non-N95)
ml?__source=twitter%7Cmain
This is something that must be done at least two months ago... But ok
Quote: XanderexThis is something that must be done at least two months ago... But ok
No, it makes sense given what has happened so far. NY is down to .7 contagion level as of yesterday, which is less than 1 to 1 transmission. That indicated they can start relaxing some isolation requirements.
They are planning to open things slowly. If they require everyone to wear a mask, providing the masks for free takes it out of financial hardship and makes it purely personal neglect/choice/defiance. And makes it an enforceable requirement. No excuse to appear in public without one.
For the same reasons, they are leaving the Javits configured as a field hospital, and stocking up PPE . They expect the numbers to rise again, they just hope to mitigate the upturn as some things resume, and stay below 1.1 transmission rate, pending a vaccine or effective treatment.
Quote: SOOPOO
As far as poker, I'm not a casino poker player, but I think being limited to 4 handed makes it not nearly as attractive a game for many players. Getting raked every 4th hand.... plus the tip.....
Slot players I think will be fine, but the volume of course will be down due to the rules.
You are correct, when it comes to live poker, 90% of the players prefer a full game, and its tough to beat the rake along with tipping the dealer when the game is short. I like playing short handed but the house must make adjustments to the rake in order for me to play.
Of all gaming, poker is the area where it will struggle the most to a point it may even shut down all together. Machines on the other hand probably is least affected. The casinos will really have to enforce the people who sit at the bars that those seats are reserved for players, not drinkers since machines will be limited
Quote: VegasriderYou are correct, when it comes to live poker, 90% of the players prefer a full game, and its tough to beat the rake along with tipping the dealer when the game is short. I like playing short handed but the house must make adjustments to the rake in order for me to play.
Of all gaming, poker is the area where it will struggle the most to a point it may even shut down all together. Machines on the other hand probably is least affected. The casinos will really have to enforce the people who sit at the bars that those seats are reserved for players, not drinkers since machines will be limited
Maybe get rid of the machines and leave the seats to people willing to pay full freight for their drinks. Casinos need to make bold steps.
Baby steps won't et you across a deep chasm.
Quote: beachbumbabs...makes it purely personal neglect/choice/defiance. And makes it an enforceable requirement. No excuse to appear in public without one.
The public orders that I have read couch the need to wear a mask around an "inability to keep social distance." Otherwise, the requirement to wear a mask if you want to "appear in public" would mean that there is absolutely no situation in which you can be not wearing a mask. None.
On a bike? On a hike? In a car alone? Licking an ice cream cone? [apology to Dr. Seuss] Absent some kind of wording that reduces "in public" to something reasonable, this is an absurdity.
There's wording in the Massachusetts mask requirement "law" that exempts someone with a medical condition: "...except where a person is unable to wear a mask or face covering due to a medical condition" and the person "shall not be required to produce documentation verifying the condition."
"Appear in public?"
Quote: billryanMaybe get rid of the machines and leave the seats to people willing to pay full freight for their drinks. Casinos need to make bold steps.
Baby steps won't et you across a deep chasm.
Casinos make more money by someone occupying the bar seat playing the machines vs someone just paying full price for a few drinks. And bartenders prefer people playing vs just drinking since they often get tipped well if a customer hits a jackpot
Years ago, labor, in lieu of pay raises agreed with employers to accept UI insurance instead of raises.Quote: billryanUnemployment benefits come from a fund employers pay. Employees don't pay into it.
If that employee doesn't work, that employer doesn't just pay into the UI fund, think about it. If you sell a car, do you continue to pay road hazard on it?
Likewise, self employed, if incorporated can pay in on themselves and collect, unless the rules changed. Since a corporation is now people, it's like working for an employer, that wants to guarantee it's employee's [us] don't starve in between gigs.
Sure, the rate is determined by the typical amount that lay off's occur in your industry. And of course there is abuse, but screwing your insurance company is a crime, do what you will, and you do get a history with the UI people. They watch.Quote: billryanU.I. is based on your company's history. If you normally lay off a good part of your staff, you pay more. I'm not sure what they will do now with everyone laid off.
When I contracted, I not only paid in myself, but collected in between projects. But when I had up to 14 employees I paid on every one of them including on myself, so that was deducted from what profit I would have made.
Quote: petroglyphYears ago, labor, in lieu of pay raises agreed with employers to accept UI insurance instead of raises.
If that employee doesn't work, that employer doesn't just pay into the UI fund, think about it. If you sell a car, do you continue to pay road hazard on it?
Likewise, self employed, if incorporated can pay in on themselves and collect, unless the rules changed. Since a corporation is now people, it's like working for an employer, that wants to guarantee it's employee's [us] don't starve in between gigs.
My old employer always tried to get people to quit by making life hard rather than outright fire them.
He told me the employer pays half the unemployment given to the fired worker although there were some gross negligence reasons why an employer could get exemption (severe no show at work, stuff like that)
It's an insurance fund. Think of it like deductibles. The insurance doesn't cover fully. Only thing is the person unemployed doesn't have income so he isn't the one who has to pay it's the employer
Quote: billryanQuote: billryan
Unemployment benefits come from a fund employers pay. Employees don't pay into it.
This line of thinking is scary. FYI, employees pay into it indirectly in the form of a lower initial wage.
FYI... Money doesn't magically come from no where. Believe it or not, employers can eventually run out of it too. Even Mc Donalds.
Welcome back.Quote: AlanMendelsonI'd really like to see some facts and not conjecture about operating costs.
The only fact I've seen so far came in a,statement from MGM which was that they lose money if half the rooms in a hotel aren't booked. That's the only fact or statement about operating costs that I've seen.
If anyone has any true figures please share them.
I don't know how many players are needed to keep a craps table profitable or to keep a row of nickel slots profitable.
This seems like an opportunity to bring in more nice short tables, where they are built for one dealer only, who does it all? I'd like a nice short one dealer table. There is enough electronic security that tables don't need 4 casino employees to run a game?
I won't play on an aircraft carrier anymore anyway.
Quote: racquetThe public orders that I have read couch the need to wear a mask around an "inability to keep social distance." Otherwise, the requirement to wear a mask if you want to "appear in public" would mean that there is absolutely no situation in which you can be not wearing a mask. None.
On a bike? On a hike? In a car alone? Licking an ice cream cone? [apology to Dr. Seuss] Absent some kind of wording that reduces "in public" to something reasonable, this is an absurdity.
There's wording in the Massachusetts mask requirement "law" that exempts someone with a medical condition: "...except where a person is unable to wear a mask or face covering due to a medical condition" and the person "shall not be required to produce documentation verifying the condition."
"Appear in public?"
I was speaking specifically about NY, in response to NY laws. They have a density and public transportation dependency unique in the US, though of course other metro areas have public transportation.
I haven't seen the exact language NY is using to guide their re-opening, but have heard most of Cuomo's briefings, and this is where he's heading. No stores without masks, no public transportation without masks, no school this year, etc for NYC Metro. Upstate has different density and requirements, also different transportation patterns, so phasing will likely be zoned differently within the state. Missed today's briefing, though, so not up on the very latest.
Somebody should have told that to the federal reserve before they started buying junk bonds.Quote: SOOPOO...With unlimited resources we can spend on unlimited supplies, factories, etc.... WE DON'T HAVE UNLIMITED RESOURCES.
They now have a 5.5 trillion dollar portfolio. It probably felt good when stocks were going up because printed money allowed corporations to buy back their own stock, instead of Capex.
https://wallstreetonparade.com/?s=size+of+fed+portfolio
https://wallstreetonparade.com/2020/05/wall-streets-financial-crisis-preceded-covid-19-chart-and-timeline/
Quote: KeyserQuote: billryanQuote: billryan
Unemployment benefits come from a fund employers pay. Employees don't pay into it.
This line of thinking is scary. FYI, employees pay into it indirectly in the form of a lower initial wage.
FYI... Money doesn't magically come from no where. Believe it or not, employers can eventually run out of it too. Even Mc Donalds.
Unemployment benefits come from a state-run insurance fund. Even if your employer runs out of money, it doesn't affect the employees ability to collect.
Old trick. : 0 )Quote: darkozQuote: petroglyphYears ago, labor, in lieu of pay raises agreed with employers to accept UI insurance instead of raises.
If that employee doesn't work, that employer doesn't just pay into the UI fund, think about it. If you sell a car, do you continue to pay road hazard on it?
Likewise, self employed, if incorporated can pay in on themselves and collect, unless the rules changed. Since a corporation is now people, it's like working for an employer, that wants to guarantee it's employee's [us] don't starve in between gigs.
My old employer always tried to get people to quit by making life hard rather than outright fire them.
Fired for cause, insubordination, etc. Yes it is like insurance, because it is insurance. During times of full employment when everyone is paying into the pool, the UI dept. is raking it in, and like fire insurance, sucks to be them [although they are muni] they have a heck of a burn rate during recessions. But this is an entirely different ballgame. If this was being covered by mutual of Omaha, they'd sink the Oracle.Quote:He told me the employer pays half the unemployment given to the fired worker although there were some gross negligence reasons why an employer could get exemption (severe no show at work, stuff like that)
Yep, big pool during full employment. Also from denied and never claimed claims. We've been hearing story's of full employment long enough, that employers should have demanded a cut in rates. Like Geico is offering me now.Quote:It's an insurance fund. Think of it like deductibles. The insurance doesn't cover fully. Only thing is the person unemployed doesn't have income so he isn't the one who has to pay it's the employer
Quote: billryanQuote: KeyserQuote: billryanQuote: billryan
Unemployment benefits come from a fund employers pay. Employees don't pay into it.
This line of thinking is scary. FYI, employees pay into it indirectly in the form of a lower initial wage.
FYI... Money doesn't magically come from no where. Believe it or not, employers can eventually run out of it too. Even Mc Donalds.
Unemployment benefits come from a state-run insurance fund. Even if your employer runs out of money, it doesn't affect the employees ability to collect.
Wow that went right over your head.
When I hear "it's the law" I say "show me the law." These executive orders are written directives. The words mean what they say. When the law says "should", it's different from when it says "must." Lots of time there is a great difference between what you hear in the media and what is actually required. I'm also skeptical when I hear the word "guidance," There's "guidance" and then there's "requirement." Again, what does the rule actually state, in its written form.
People expand and interpret the law to mean what they want it to mean. Whatever Cuomo in NY or Charlie Baker in MA say when speaking, they will both have to issue specific, written orders that will say what people have to do. I doubt that Cuomo will promulgate an order that says you have to wear a mask anytime you are "in public." If that's the case, once restaurants are allowed to reopen for inhouse dining, if I take off my mask to eat, I am "in public" without a mask.
Quote: racquetI'm an old computer programmer, and my first request whenever I got called into a problem was "show me the code" since what's coded is what takes precedence, not what it looks like is happening, as obvious as it might seem. The actual written code rules.
When I hear "it's the law" I say "show me the law." These executive orders are written directives. The words mean what they say. When the law says "should", it's different from when it says "must." Lots of time there is a great difference between what you hear in the media and what is actually required. I'm also skeptical when I hear the word "guidance," There's "guidance" and then there's "requirement." Again, what does the rule actually state, in its written form.
People expand and interpret the law to mean what they want it to mean. Whatever Cuomo in NY or Charlie Baker in MA say when speaking, they will both have to issue specific, written orders that will say what people have to do. I doubt that Cuomo will promulgate an order that says you have to wear a mask anytime you are "in public." If that's the case, once restaurants are allowed to reopen for inhouse dining, if I take off my mask to eat, I am "in public" without a mask.
I am in NYC.
By executive order all people must wear masks when in public AND socially close.
Theoretically you can have no mask walking down a street but you need one when entering stores, public transportation, etc.
Most stores are now manned by a person allowing you in. In a city with 9 million people it's the only way to keep a large crowd from entering the stores. You wait your turn. No mask, no entry.
For all the craziness and rudeness NY'ers are accused of, the truth is we band together in times of crises usually. While the rest of the country imagines a bunch of angry NY'ers ready to fight anyone forcing them to follow orders, it's quite the opposite. We are ready to fight anyone NOT following the orders the majority is.
It's traditional in NYC to say "excuse me" if you bump someone. You will get hell if you don't. Likewise it's now everyone wanting their health protected that we wear masks and keep 6 feet apart. You wanna do differently then you will get hell in a handbasket treatment
Quote: racquetI'm an old computer programmer, and my first request whenever I got called into a problem was "show me the code" since what's coded is what takes precedence, not what it looks like is happening, as obvious as it might seem. The actual written code rules.
As another programmer of 35 years, I don't think I have ever had another employee of the company review my code before it is released. I know a lot of companies claim to do it, but I wonder how many actually do.
Quote: DRichAs another programmer of 35 years, I don't think I have ever had another employee of the company review my code before it is released. I know a lot of companies claim to do it, but I wonder how many actually do.
This is way off topic, but ok...
I worked somewhere a while ago that had a "senior review" as part of the turnover process. Some supposedly more knowledgeable person was required to look over the actual code. You knew for sure who it was you wanted to do this review: the stupidest, least qualified person, oldest person whose claim to senior status was that he was the closest to retirement. A totally worthless waste of time that only served to meet that requirement so that it could be signed off.
https://www.americanthinker.com/articles/2020/05/a_wizard_of_oz_virus_the_covid19_hoax.html
Quote: AxelWolfA Wizard of Oz Virus: The COVID-19 Hoax
https://www.americanthinker.com/articles/2020/05/a_wizard_of_oz_virus_the_covid19_hoax.html
It's sad that seemingly intelligent people fall for this crap.
The NYPD just lost its 37th member to CV-19, and a City EMT who was interviewed early on passed away today. I'm pretty sure none of them were elderly.
Major props to South Point for this!!! I will be visiting their parking lot / Valet Stand soon.
Quote: AxelWolfA Wizard of Oz Virus: The COVID-19 Hoax
https://www.americanthinker.com/articles/2020/05/a_wizard_of_oz_virus_the_covid19_hoax.html
If that opinion weren't so completely off the wall, I might have to punish you for making a political statement.
I only posted it since I know how much you love the Wizard of Oz and that's what caught my eye in the first place.Quote: WizardIf that opinion weren't so completely off the wall, I might have to punish you for making a political statement.
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Bill, for the record, I don't believe in any of this nonsense people are claiming either way. It's not as bad as some people would have you believe, and it's certainly not a hoax.
Quote: AxelWolfI only posted it since I know how much you love the Wizard of Oz and that's what caught my eye in the first place.
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Bill, for the record, I don't believe in any of this nonsense people are claiming either way. It's not as bad as some people would have you believe, and it's certainly not a hoax.
70,000 dead in six weeks and you think it isn't as bad as people say? When does it get bad? 100,000? 500,000?
Quote: billryan70,000 dead in six weeks and you think it isn't as bad as people say? When does it get bad? 100,000? 500,000?
I think it gets bad at 3 million and near tragic at 30 million.
Quote: DRichI think it gets bad at 3 million and near tragic at 30 million.
Are you talking worldwide or just in the USA?
Spanish Flu resulted in fifty million dead worldwide.
It wasn't even one million in the USA and bodies were piled high in hospitals and everything shut down
Thirty million dead US would be almost apocalyptic. No one would be untouched in some way
Right now the Wuhan Covid-19 virus has killed almost as many people as the 2018 flu. (about 80,000)
But by late next year, chances are it will be gone, or will have mutated and weakened to the point that it's insignificant. We'll also have antibodies and vaccines.
Quote: KeyserI believe the Spanish Flu killed 500 million world wide.
Right now the Wuhan Covid-19 virus has killed almost as many people as the 2018 flu. (about 80,000)
But by late next year, chances are it will be gone, or will have mutated and weakened to the point that it's insignificant. We'll also have antibodies and vaccines.
No fifty million
Estimates vary between 17 million and 100 million worldwide. There was a world war going on and this is 100 year old situations.
America had 675,000 deaths. That number seems pretty agreed upon by sources.
There is a lot of writing on the net about this subject
Quote: darkozAre you talking worldwide or just in the USA?
Spanish Flu resulted in fifty million dead worldwide.
It wasn't even one million in the USA and bodies were piled high in hospitals and everything shut down
Thirty million dead US would be almost apocalyptic. No one would be untouched in some way
I am speaking of just in the U. S. 1% of the population is around 3 million people and the 30 million figure refers to about 10% of the population.
Quote: DRichI am speaking of just in the U. S. 1% of the population is around 3 million people and the 30 million figure refers to about 10% of the population.
I think one aspect that gets lost is timeframe.
For example I can say I made a million dollars. Sounds auspicious but if I then say lifetime it's not really such a big deal
Otoh if I meant in the course of a month then it's huge.
So, three million dead within what time frame makes you begin to take this seriously?
Quote: darkozI think one aspect that gets lost is timeframe.
For example I can say I made a million dollars. Sounds auspicious but if I then say lifetime it's not really such a big deal
Otoh if I meant in the course of a month then it's huge.
So, three million dead within what time frame makes you begin to take this seriously?
I would say 3 million in a year I would think it is worth considering taking some minor actions. 30 million in a year it becomes serious too me.
Quote: DRichI would say 3 million in a year I would think it is worth considering taking some minor actions. 30 million in a year it becomes serious too me.
IDK it just boggles the mind a bit.
Do you consider the Holocaust to have been a minor incident? Only 6 million dead in six years?
Seriously asking
