Casino posts lower earnings

[glovesetc]

for the last quarter due to a BIG drop in the table take at the sands I believe . Ok who in the room is jamming them up ??? I know it has to be someone in here - lol. It was not me for sure !!!!

[shadroch]

Why hasn't Sonny translated this message yet?

[ChefJJ]

Originally Posted by glovesetc

for the last quarter due to a BIG drop in the table take at the sands I believe . Ok who in the room is jamming them up ??? I know it has to be someone in here - lol. It was not me for sure !!!!

What "casino" or casino group are you talking about?

[glovesetc]

It was a blurb on CNBC yesterday by David Faber that the sands reported lower earnings for the quarter due to the table games take was way down . He did not go into further details and I am not sure if it was even the sands as I was doing something else and caught most of it but NOT all of it . Think a team was out there raiding the coffers of the casinos ?

[jack,jackson]

I bet this becomes a growing trend for the casinos. I would think anyway. Seriously though, if the rules are tough for us, they have to be disastorous for the average player. In return, the regular players are probably getting sick of losing. Maybe this news, is more good than bad. I would think the casinos will have to start getting more liberal and competitive with their games.

[glovesetc]

bet this becomes a growing trend for the casinos. I would think anyway. Seriously though, if the rules are tough for us, they have to be disastorous for the average player. In return, the regular players are probably getting sick of losing. Maybe this news is more good than bad. I would think the casinos will have to start getting more liberal and competitive with their games.
As more and more states are opening up people have a greater choice to choose from . People will generally go to the closest casino for 2 main reasons . First is time it takes to get there . Second is the price of gas . Gas is well over $3.10 a gallon here yesterday and this will definitly hit the recreational player . Interesting observation on competiveness as well . The casinos maybe , just maybe . are realizing that their clampdown on comps , RFB, and other goodies is catching up with them . You can NOT treat people like crap and expect them to come back . If you are trying to separate them from their wallet you need to throw a bone if not a filet so they go away with a good feeling . Personally I prefer to pay for everything myself but since I have like $4,000.00 in comp money I try and get rid of that first . You know the casinos are down to the bottom of the barrel when you see people in there trying to win a mortgage or car payment . That is pathetic but hey the casinos have stockholders to answer to and i am sure the stockholders could care less as well . Liquor , cigarette , food costs are going up weekly as well it seems and this does dent the bottom line - although only marginally cause they overcharge for everything anyhow . A bottle of Dom Perignon is $59.75 here in the liquor store and at the casino it is like $175.00 - wtf !!!!! So the casinos will have to compromise on comps to ploppies for sure to get them to return but then again they will run out of money before most cause tthey have no chance of winning. Main reason is they have short bankrolls with no backup . Unless you consider a credit card a backup - which I would never consider using . Bring what you can afford to lose comfortably and if you win great and if you lose you will not have to curtail your standard of living and will still enjoy lobster and a 160z filet at the country club . Short money in any game never wins - that should be the first rule of any gambler and or businessman ! I do not see that discussed much here though .

[shadroch]

The average player doesn't know what the rules are,let alone what they used to be.
If the report was about the Sands,it may well be the drop in table games was because of increased compitition in Macau,not anything to do with players not playing because of comps.
Harrahs,MGM and Wynn are all having great years,with stock prices booming. Wynn 's has almost doubled.

[glovesetc]

and as the stocks boom there has got be a sale on them sooner or later as they are trading many times earnings recently and if they dio NOT report blockbuster earnings in a quarter they will be punished unmercifully by the markets .

[aslan]

Originally Posted by shadroch

The average player doesn't know what the rules are,let alone what they used to be.
If the report was about the Sands,it may well be the drop in table games was because of increased compitition in Macau,not anything to do with players not playing because of comps.
Harrahs,MGM and Wynn are all having great years,with stock prices booming. Wynn 's has almost doubled.

I agree that the average player doesn't have a clue as to what the rules are or used to be, but I hope just the same that they "hear" that the tables at such and such a casino are beatable, whereas at another casino they are unbeatable. I do think that what the APs observe and talk about somehow filters down to the rank and file ploppies. They will tell you that games aren't what they used to be, but they couldn't tell you specifically why in a thousand years. It doesn't hurt that we spread the word. I am always telling non-AP players where the best games are and to avoid such games as 6 to 5 single deck. Eventually I hope the word gets around, pressuring casinos to straighten up and fly right. I think it is good for APs that ploppies frequent "good" games and keep the casino revenues up on those tables. It sends the right message to management.

[toastblows]

i wonder what the next 6-12 months holds for vegas. I think a mild recession is at foot or at least wage growth not competing with fuel and food increases. When slot play goes down, the party is over

Good to see shitty games are getting less payback for the casinos