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Lovecomps
Lovecomps
Joined: Aug 12, 2018
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June 3rd, 2020 at 1:50:34 PM permalink
At long last the casinos will be opening tomorrow (at the time of this post). I won't be going for awhile but I've been curious as to how generous the casinos are planing to be to get themselves up and running again.

I thought that there would be a lot of great offers coming to me; boy was I wrong!

I have received a few offers from my usual places and they are all laughable to the point of being insulting. Barely any show-up money or other incentives. In addition, my host hasn't made any effort to reach out to me. I don't care but if it I was a host and I hadn't gotten a penny in commissions based on my player's actions for over 3 months I'd be on the phone reaching out to my entire customer base all the live long day.

The rooms are soft comps and, frankly, so is show up money. You can't collect real cash and walk about the door with play 'till you lose chips. Don't reach out to your best clients and do whatever you can to seduce them in...

They've all failed Marketing 101 in my opinion.

The Exeption: Derek Stevens. Based on what a trip would cost for me to go there he's spending over $170,000 of hard cash (not a soft comp) to fly you in without even stipulating that you stay at The D or the Golden Gate. The D is to noisy for me but I'd love to give Circa a shot when it opens. Personally I think the man has the potential to be the next Steve Wynn.
The best things in life are not free.
ChumpChange
ChumpChange
Joined: Jun 15, 2018
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June 3rd, 2020 at 2:08:56 PM permalink
In 2018 I used to get two $10 match plays good for half a week.
In 2019 I used to get one $10 match play good for a full week.
I bought a slice of pizza & soda with my comp points, once.
My points used to be good for 366 days. The next time I came in they were only good until December 31st or June 30th, and my $20 in points were gone and I was demoted to the beginner's card.

Question, if I spend $600+ in points on food/buffets over a period of time will I get some tax form about it? Or do they give you a tax form for just having $600+ of points on your Player's Card?
I may have to play enough rated to get mailers but play unrated if I'm gonna turn into a buffet addict again, especially when the buffets are closed.
darkoz
darkoz
Joined: Dec 22, 2009
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ChumpChange
June 3rd, 2020 at 2:41:35 PM permalink
Quote: ChumpChange

In 2018 I used to get two $10 match plays good for half a week.
In 2019 I used to get one $10 match play good for a full week.
I bought a slice of pizza & soda with my comp points, once.
My points used to be good for 366 days. The next time I came in they were only good until December 31st or June 30th, and my $20 in points were gone and I was demoted to the beginner's card.

Question, if I spend $600+ in points on food/buffets over a period of time will I get some tax form about it? Or do they give you a tax form for just having $600+ of points on your Player's Card?
I may have to play enough rated to get mailers but play unrated if I'm gonna turn into a buffet addict again, especially when the buffets are closed.



You don't get any tax forms for comps. They are considered a rebate not income by the IRS.
For Whom the bus tolls; The bus tolls for thee
TomG
TomG
Joined: Sep 26, 2010
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June 3rd, 2020 at 3:17:58 PM permalink
"Good marketing" is going to be data based and designed to maximize profits. Whatever information the casinos are using to predict how things will change in current conditions is very limited. It's very possible there is so much pent up demand and so much restrictions on seating that they don't have to do anything other open up and they can fill the floor with customers. In that case, "No marketing" is actually the best marketing, even we don't like it.

Quote: Lovecomps

You can't collect real cash and walk about the door with play 'till you lose chips.



Strongly disagree with this. If you really only want someone to hand you cash and you walk away, you should have no problem selling them for 50%.
AxelWolf
AxelWolf
Joined: Oct 10, 2012
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June 3rd, 2020 at 4:05:10 PM permalink
I guess the question is, what is considered good marketing?

In this case I think it's mostly going to be one man's treasure is an advantage players trash. And an Advantage Players trash is going to be someone else's treasure.

I've said this many times and I'll say it again when casinos are doing bad they tend to give out way less. When they're doing good they give out more. However, this is significantly different with so many casinos competing with each other at the same time so there's bound to be some good things yet to come. I haven't seen anyting eye-popping as of yet.

I saw something semi interesting, but I haven't got all the details yet.

I just have a feeling they're going to spend most of their budget on cheap room, food and flight deals.
♪♪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♪♪
IndyJeffrey
IndyJeffrey
Joined: Feb 10, 2013
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June 3rd, 2020 at 5:49:02 PM permalink
One also must consider, as I understand it, they are only selling 50% of room inventory. They could be banking on the first rush to be from the "I'm going no matter what" crowd. As I understand it, the casino will be at partial capacity, thus lower revenues to make up for offering lower room rates.

Some people will always be of the opinion, "my room should be discounted, I gamble enough" and that's fine.

I have a long running debate with a friend around minor league baseball...if you owned a team, would you:
a) discount/give away tickets to get a huge crowd and hope to make up the difference on concessions, parking, etc.? OR
b) never discount, concede smaller crowds (who also buy concessions and parking) but don't set a culture of having folks hold out for those discounted tickets?
WTflush
WTflush
Joined: Jan 27, 2020
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June 3rd, 2020 at 6:50:55 PM permalink
Quote: IndyJeffrey

One also must consider, as I understand it, they are only selling 50% of room inventory. They could be banking on the first rush to be from the "I'm going no matter what" crowd.



This. From everything I've seen it looks like most casinos are having no problem getting people in the door right now. Vegas might be different than other markets since there is so much more competition in one area, I don't think Vegas casinos will be crazy busy right away.

I've gotten terrible offers in the mail from most casinos (free room, maybe some food, no free play) but then a couple places where I have high tier cards sent me waaayy more free play than I used to get. Maybe they're trying harder to get the bigger players in?

I also have to wonder if some casinos didn't "pause" their players clubs and now we're getting offers based on zero play for the last couple months.
SOOPOO
SOOPOO
Joined: Aug 8, 2010
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June 3rd, 2020 at 7:07:32 PM permalink
I also wonder about restaurant prices. If they are forced to be down to 50% capacity, it will obviously be much easier to fill up. Prices to go up you think?
WTflush
WTflush
Joined: Jan 27, 2020
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June 3rd, 2020 at 7:36:50 PM permalink
Quote: SOOPOO

I also wonder about restaurant prices. If they are forced to be down to 50% capacity, it will obviously be much easier to fill up. Prices to go up you think?



I ate at a restaurant in a casino the other night and it was definitely a little pricier than it was pre-pandemic. Maybe 20% on most items. They also had a smaller menu. I was a little surprised to see the prices on booze were the same as before.
TomG
TomG
Joined: Sep 26, 2010
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WTflush
June 3rd, 2020 at 8:17:51 PM permalink
Supply chain is the main reason food prices are going up. Lot of meat processing plants shut down with coronavirus outbreaks,

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