Thread Rating:

Marcusclark66
Marcusclark66
Joined: Mar 26, 2020
  • Threads: 2
  • Posts: 97
April 23rd, 2020 at 6:03:36 AM permalink
Quote: FleaStiff

Everyone on this board used to always intone a recurring mantra: The Players do the gambling, the Casino relies on the House Edge and does not gamble.
In reopening, however, the casinos will be gambling.
Whether its a wise gamble is debatable.
I happen to think its a good bet, but I don't own a casino.

The event is scheduled for May Day, which is also the international phonetic call for assistance.



I will tell you something without naming the chain that I am employed by. As I said it's a major chain let's call it one of the top five in the world for gaming. It was a circulated internal memo inquiring with salarieded employees that have been with the company for more than 5 years, if they would consider taking cash out of all 401k and related benefits along with a suggested bonus to be in full agreement for company liquidation.

I was kind of amazed when it came across my computer screen. Every avenue I'm sure is being considered by upper management..
SOOPOO
SOOPOO
Joined: Aug 8, 2010
  • Threads: 108
  • Posts: 6973
April 23rd, 2020 at 6:14:37 AM permalink
Quote: Marcusclark66

I will tell you something without naming the chain that I am employed by. As I said it's a major chain let's call it one of the top five in the world for gaming. It was a circulated internal memo inquiring with salarieded employees that have been with the company for more than 5 years, if they would consider taking cash out of all 401k and related benefits along with a suggested bonus to be in full agreement for company liquidation.

I was kind of amazed when it came across my computer screen. Every avenue I'm sure is being considered by upper management..



Not sure I understand what you are saying? Taking cash out of a 401k before retiring is a big tax no-no. (There are a few exceptions). Why would the company benefit if you took money out of your 401k? Why would the company care if middle management employees were in 'full agreement for company liquidation"? Bonus meaning a payoff?
Marcusclark66
Marcusclark66
Joined: Mar 26, 2020
  • Threads: 2
  • Posts: 97
April 23rd, 2020 at 6:30:24 AM permalink
There are numerous reasons. One is the contracted employees and employees that do have time specified contracts and agreements. The other is called promissory estoppel. It could be more of a survey than anything by a board upper management Wizkid? As far as 401k and related benefits there are options for the holders to transfer them into other programs outside of the company that we can pay into directly. That's not the point the point is they are considering their options as well.
rxwine
rxwine
Joined: Feb 28, 2010
  • Threads: 166
  • Posts: 9703
April 23rd, 2020 at 6:31:58 AM permalink
Quote: AZDuffman

All this wishful thinking on a vaccine. Like we are in "Outbreak" and they will just make it. A vaccine will probably be years to decades, unless they rush something out and claim it works.



I expect we will have herd immunity in a year, vaccine or no vaccine. To me, that's likely the final time frame no matter what, short of another virus being unleashed on us.
Quasimodo? Does that name ring a bell?
gordonm888
gordonm888
Joined: Feb 18, 2015
  • Threads: 42
  • Posts: 2675
April 23rd, 2020 at 8:18:21 AM permalink
Quote: Marcusclark66

And at the gas station?
At the supermarket?
At the other stores?
In public buildings as well?

Nothing guarantees you will not inherit the virus inside of a casino, the exact same as you just picked up a package of chicken or beef someone else just touched that sneezed directly into their hand and touched that package.

But fact is, casinos are private property. I am not in the legal department, I am in surveillance and related. Liability would be if a casino had knowledge and failed to perform due diligence to protect others.



Just like a cruise ship is private property -the captain can have you removed from the ship at any port at any time for any reason. And yet, people who caught covid-19 are suing the cruise ships.

You are correct on one thing. You are not a lawyer. If you indeed are any kind of employee of any kind of casino operations corporation, I suggest to you that you should stop representing yourself as such and publishing legal opinions on this forum.

And frankly, I don't care how private your property is. The issue is when people will choose to return to your casinos, not whether you can choose to throw them out. If your private properties are perceived as covid-19 death traps for the elderly, obese and other high-risk categories, then they will be shunned. Because every person is the mayor of their movements and the governor of their lives, and each individual will make their own decisions about where they go.
Last edited by: gordonm888 on Apr 23, 2020
So many better men, a few of them friends, were dead. And a thousand thousand slimy things lived on, and so did I.
bobbartop
bobbartop
Joined: Mar 15, 2016
  • Threads: 124
  • Posts: 2542
April 23rd, 2020 at 9:30:47 AM permalink
Chumash Casino
Santa Ynez, CA

May 31st
'Emergencies' have always been the pretext on which the safeguards of individual liberty have been eroded.
billryan
billryan
Joined: Nov 2, 2009
  • Threads: 174
  • Posts: 9725
April 23rd, 2020 at 9:34:28 AM permalink
Quote: bobbartop

Chumash Casino
Santa Ynez, CA

May 31st



How dare you make an on topic post.
TDVegas
TDVegas
Joined: Oct 30, 2018
  • Threads: 0
  • Posts: 576
April 23rd, 2020 at 10:09:21 AM permalink
I don't think these target dates have any relevance. Vegas was Initially April 20? Then it was April 30. That date isn't holding and I suspect all these casinos "preparing" for May 15 isn't happening either.

These dates might just be an attempt to gather or gauge "interest" from customers.

Frankly, I've grown more pessimistic each day that any day in May is in play. The hurdles are monumental.

The 14 day downward trend is not clearly spelled out...so we are still in the dark.
billryan
billryan
Joined: Nov 2, 2009
  • Threads: 174
  • Posts: 9725
April 23rd, 2020 at 10:25:07 AM permalink
Does anyone plan on being in a casino within the first 24 hours of them opening?
A friend works as mid-management for a business on The Linq and he says Caesars has sent letters telling business's they will be in violation of their leases if they don't open within 24 hours of the casinos re-opening.
Gialmere
Gialmere
Joined: Nov 26, 2018
  • Threads: 38
  • Posts: 1695
April 23rd, 2020 at 10:44:35 AM permalink
Quote: Gialmere

There's a story on the back burners saying that, although smokers fair poorly if hospitalized by Covid-19, they are far less likely to be hospitalized by it in the first place. Naturally this has caused a huge uproar.

If it's true, however, I think only smokers should be allowed in casinos for the first week or two after they reopen. Then once the smokers have made the gaming area's atmosphere sufficiently toxic with second hand smoke should the nonsmokers be allowed in to breath safe air.

Full Story at TechStartUps


Hmm... It appears the observation in several countries that smokers are far less likely to contract coronavirus is picking up steam and being tested in France. Will nicotine patches become harder to get than toilet paper? Strange days.

Full story at The Daily Mail
Have you tried 22 tonight? I said 22.

  • Jump to: