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

It supposed to be in Northern Nevada,somewhere near Carson City.They are auctioning off a turn of the century hotel,town hall and post office.I guess its a ghost town because it doesn't appear on any map I've run across.
 
Plan B is to sell quarter shares to about a dozen investors and then get taken advantage of by a team of card sharps.
 
shadroch said:
It supposed to be in Northern Nevada,somewhere near Carson City.They are auctioning off a turn of the century hotel,town hall and post office.I guess its a ghost town because it doesn't appear on any map I've run across.
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Sound perfect! We'll call the resort the Ponderosa and the ladies of the bordello 'The Goldmines'! zg
 
Brutus said:
Is this the same place with the big 4 story hotel?
it is a goldmine.
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I think so.

Tamares just sold The Gold Spike to a young club owner from Miami for about 15 million.Rumor is it was only about half in cash.We are still in the organizational stage but something like that could be possible in a few months.
 
shadroch said:
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.
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Most hedge funds achieve returns close to the market at minimized risk. They're great during a recession or flat market, but your venture sounds a bit more venture capital. I'm not familiar w/ details of hedge fund opertions, but I wouldn't that this would be up their ally. Otherwise, I think they would want so sort of controlling interest in the operations.
 
its good that you have a casino background but other than that u should have good managements skills and good techniques to run your casino successfully otherwise you will ruin your money.
 
Will your BJ tables have Lucky Ladies or some other non-advantage side bet.

Other things you might consider to get ppl to come:

comped rooms, free gas money, food comps, free play for slots.
 
a real good crap game would be great draw. by good i mean low minimums ($1or2) and 100x odds. people will say its Binions back from the dead. offering a game like that is low risk, but will put the place on the map.
the joint is haunted no?
 
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Brutus said:
a real good crap game would be great draw. by good i mean low minimums ($1or2) and 100x odds. people will say its Binions back from the dead. offering a game like that is low risk, but will put the place on the map.
the joint is haunted no?
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And throw in the hop bets too...those are big for the house too.
 
zengrifter said:
Back at the time that I was shopping the hard-money loan for Nick and Becky, early 2002, I outlined a plan for them, backed with sims, to make their games significantly more profitable: The gist of it was to replace most of the 1Ds with 2Ds -(h17, DAS, LS, 678 bonus, 80+% pene "Nevada's most liberal double-deck")- Two caveats: 1) ALL dealers will be trained to shuffle the 2D in the same time (per stopwatch) as then current 1D, and 2) I would have a trained counter-catcher working each of 3 shifts.

Best game in town, profitable, Bill Zender style respect when backing off counters.

Could have saved them the loss of a legendary club. zg
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It sounds like a formula for putting all us cardcounters out of business. I hope it doesn't catch on!
 
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