curious about the $$$$ a big time casino manager pulls

[shadroch]

Do guys like Max Rubin command seven digit salaries?

After seeing Binions sell for only $32 million,I'm thinking of making a play for a casino of mine own.I'm pretty sure ZG won't pass the license,so I'm wondering what it would cost to bring in a top second tier guy like Rubin to
run things for awhile,while I learn the biz.

[ChefJJ]

Shadroch, I know I'm not answering the question you've posed...because I sure as hell don't know the answer.

But, if you were to buy a casino such as the Horseshoe, how would YOU make it stand out from the others? I ask that not out of insincerity, but as someone who understands that you need a competitive edge in business to be successful -- as do you, I'm sure.

Just curious.

[Sonny]

This might shed a little light on the situation:

http://www.hotel-online.com/Trends/H...n99Gaming.html

And from CNN:

"A GM typically pulls in between $200,000 and $400,000 a year, Bright said, but on the way up the six-figure barrier can be broken as soon as you achieve the title of director or vice president in the operations, hospitality and finance sides of the business. "

http://money.cnn.com/2004/09/08/pf/s...even/index.htm

-Sonny-

[shadroch]

Step 1- offer everyone who works there two months pay if they leave. Those who stay,stay because they love their jobs. Those who leave,won't be missed.
Step 2- Lose the 6/5 games,offer single zero roulette,ditch the carnival games and offer decent video poker.
Step 3- Hire the best management I can afford.To me,a guy like Rubin is priceless.
Step 4- Promotions.Vegas as a whole skews very young,so I'd try and get a pool party/Sunday radio show thigamajigga going.Transform the steakhouse into a first class lounge.

Thats a few,the rest are being developed in my business plan.

[shadroch]

Thanks,Sonny,but those figures are for Suits.Middle/upper management guys are a dime a dozen and worth about that. Its like saying the averge baseball player makes 2 million.I'm looking for ARod,or the next ARod,not a suit.

[Dyepaintball12]

My plan in life is to one day be a GM of a Casino, but I didnt know they got paid as much as they did! Now Im very excited

[ScottH]

Originally Posted by shadroch

Step 1- offer everyone who works there two months pay if they leave. Those who stay,stay because they love their jobs. Those who leave,won't be missed.
Step 2- Lose the 6/5 games,offer single zero roulette,ditch the carnival games and offer decent video poker.
Step 3- Hire the best management I can afford.To me,a guy like Rubin is priceless.
Step 4- Promotions.Vegas as a whole skews very young,so I'd try and get a pool party/Sunday radio show thigamajigga going.Transform the steakhouse into a first class lounge.

Thats a few,the rest are being developed in my business plan.

1) I'll take 2 months pay and leave! Thanks.

2) I knew you enherited some money, but enough to buy your own casino? How much money do you have?

[ChefJJ]

Originally Posted by shadroch

Step 1- offer everyone who works there two months pay if they leave. Those who stay,stay because they love their jobs. Those who leave,won't be missed.
Step 2- Lose the 6/5 games,offer single zero roulette,ditch the carnival games and offer decent video poker.
Step 3- Hire the best management I can afford.To me,a guy like Rubin is priceless.
Step 4- Promotions.Vegas as a whole skews very young,so I'd try and get a pool party/Sunday radio show thigamajigga going.Transform the steakhouse into a first class lounge.

Thats a few,the rest are being developed in my business plan.

Nice. A true "player's joint".

Haven't been to the Horseshoe in a couple years...have they lightened up the motif yet?

[shadroch]

Originally Posted by ScottH

1) I'll take 2 months pay and leave! Thanks.

Of course you would,and its that type of attitude I don't want working for me..

2) I knew you enherited some money, but enough to buy your own casino? How much money do you have?

I inherited nothing.I took over a family business worth about $500,000 and increased it to the point where it sold for several million.On last Sunday,at a BBQ,I obtained commitments from several WallStreet types of $1,000,000 each,and a promise from a high muckety-muck at a major investment house to consider investing.Back when I was in college,I was a "Big Brother" to a fatherless boy who now is CFO for a major Hedge fund that I'm confident would pump in some bucks.
It would be heavily leveraged,but assuming Neveda regulators approved it,it's possible.

[Brutus]

dont forget about the rest of us on the way up!