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Lord Have Mercy

How Special Is It?

More than thirty years ago, country music artist Travis Tritt recorded a song called “Lord Have Mercy on the Working Man.” The song is about the social injustices suffered by blue-collar workers.

One of the lines in the song is, “Why’s the rich man busy dancing while the poor man pays the band?” Today I’d like to apply that line to the gambling situation.

In gambling, it’s not so much the rich man versus the poor man, but rather the knowledgeable player versus the rest of the gamblers. While knowledgeable players sometimes have money, earning money in a casino and being wealthy are not the same thing at all. Casinos make most of their money off of well-heeled gamblers who buck the odds and lose.

Video poker is not a game where the losing players give money to the winning players. At least not directly. Indirectly, however, casinos take money from the losing players, give that money to the winning players, and hold out a percentage of that money for expenses and profit.

My goal in a casino is to be the player who is “busy dancing,” both literally and figuratively, while the losing players end up paying for my ride. I want to enjoy winning, dining, hotel rooms, cruises, and various other goodies while actually accumulating money during the process. It doesn’t always work out that way, of course, but that’s my goal.

Obviously, only a relatively few players manage to do this over time. Casinos need to make money overall in order to stay in business. But if losing players lose enough, that leaves enough for the knowledgeable players to enjoy the fruits of the game while still keeping the casinos afloat.

There are problem gamblers whose addiction causes considerable pain and hardship for their families. While I know these people exist, and their losing contributes to the money from which I’m paid, I largely ignore this aspect of gambling. I don’t know anything I can do to ease this problem.

I’ve been questioned periodically whether or not I feel guilty letting others pay for my good times, and my answer is always, “No.” I believe that players, problem gamblers aside, have a choice as to whether or not they gamble. 

Players know that overall, casinos win. Not from every player. Not all the time. But most players realize the odds are stacked against them. Some of us believe we have a system that works. Some of us are correct in this belief. Most aren’t.

Many players who wish to join the ones receiving these benefits can join the ranks by studying. Not everybody is up to learning how to play well, but many are. Even if you are intellectually capable of learning how to play well, it takes effort and discipline — and many aren’t up to that.

For me personally, I’ve tried backgammon, blackjack, poker, and sports betting. I’ve become convinced that I don’t have what it takes to succeed in those games — except sometimes when lucrative promotions are in effect. For whatever reason, I can do it in video poker and can’t do it in the other games. 

Each person has to work out which game, if any, is his/her path to gambling success. If you can do it— great. If you can’t, you are going to be a person who donates money to more successful gamblers. If that idea is offensive to you, then your choices are to get better at one of these games, quit gambling altogether, or learn to live with big losses in the casinos.

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MGM flops; Bally’s disappoints; DraftKings surprises

Live by the tables, die by the tables. Maryland‘s casinos, as a whole, were down 5.5% from last year. But factor in MGM and that becomes a 25% plunge. MGM National Harbor plummeted 41.5% to $67 million. Admittedly, the year-previous figure was fattened by record table game revenue. But almost 42%? Yikes. Slot play was only off 5% but table winnings toppled 48%. Despite the revenue implosion, MGM held onto first place, as Maryland Live dipped 3% to $58 million.

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Election Special; Trump testifies; Stitt’s stupidity

Police blotter; Racism in Richmond vote?

News outlets covering the stretch drive of Richmond‘s controversial Urban One/Churchill Downs casino proposal report a “razor-thin” margin for whoever wins, aye nor nay. In an atmosphere like this, missteps could be killers. And boy, did Urban One step in it big-time. A radio show on Urban One, hosted by Urban One founder Cathy Hughes, became a megaphone for racism in the cause of casinos. Appearing on The Box 99.5, guest host Preston “Famous” Brown smeared casino adversary Paul Goldman as “a white Jew with the background of Judas.” The Box quickly backpedaled. “These statements were horrible and offensive. Once we heard the comments and because he was alone in the studio with his producer, I personally drove to the station and immediately removed him from the show. He will not be appearing again,” said Radio One Regional Vice President Marsha Landess. However, apologies from Urban One CEO Alfred Liggins and Landess may not be enough to undo the PR damage at this late date.

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Are the good times over?

A sobering report on the economic future of Caesars Entertainment and, by extension, Big Gaming in general, appeared (aptly enough) on Halloween. Deutsche Bank analyst Carlo Santarelli penned gloomily that “What was once an outlook/bull case … has given way to concerns around the impact of a looming recession and a deteriorating U.S. consumer. We have believed and continue to believe that the cyclical peak for CZR, and others exposed to the LV Strip and domestic drive to markets, has passed …” Santarelli swiftly dismissed the Roman Empire’s 3Q23 results as not “overly meaningful,” as they merely confirmed that regional casinos are challenged but Las Vegas “remains resilient.” He chopped his price target on the stock from $70/share to $60 but kept a “Buy” rating on CZR.

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Hockey Knights in Vegas Episode 58: 19 out of 20 Is a Good Start, Right?

Hockey Knights in Vegas: Episode 56

The VGK are 10 games into the season and have banked 20 out of a possible 21 points with last night’s 5-2 win over Winnipeg.

Coach Cassidy said he wouldn’t push aside the results, because it’s a results business. But some issues with the quality of the VGK’s play recently haven’t gone unnoticed by the coach — or Lindsey, Chris, and Eddie.

The crew talks about the Pacific division’s contenders and pretenders and is savoring Edmonton’s awful start.

Not to bury the lead here, but Eddie drops a huge news update unreported by any VGK media!
Is it real or is it just clickbait? Listen in and decide for yourself!

All that and much more on Episode 58 of Hockey Knights in Vegas.

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Powering Through

Bob Dancer

After our cruise, Bonnie and I flew from Athens, Greece to Atlanta (via Washington DC) on October 1. Since Atlanta is much closer to Harrah’s Cherokee than Las Vegas is, we decided before the trip that we’d stop in Cherokee for three days and then fly on home.

We get mailers from Cherokee, and there are other promotions, and suffice it to say that I felt the odds were in our favor. The only drawback was that we hadn’t been home in more than a month. 

After a 25-hour travel day, we finally reached Cherokee — exhausted. Our vacation wasn’t turning out to be so relaxing. And our physical ailments were much more severe than they were when we booked the trip.

On Monday morning, October 2, I went to the casino to play. I had some sort of a head cold and wasn’t feeling very perky, but still, I can play competent NSU Deuces Wild pretty automatically. So, I powered through the play, losing $6,000 the first day. (That’s pretty much what it’s like playing Deuces Wild when you connect on neither a royal nor a set of four deuces.)

We both went to sleep fairly early Monday night, both because jet lag still affected us and, though my cold wasn’t very severe, it was still there.

Tuesday and Wednesday were much the same. We didn’t feel very well, but I powered through the play. I lost both days. This side trip to Cherokee turned out to be a loser, offsetting most of what we were ahead during our time there before the cruise. Still, the fact that my actual score turned out negative this time doesn’t mean I shouldn’t have gone.

Another long travel day and we got home Wednesday night. We both grabbed a quick bite, went to bed, and would deal with everything else the following day. Including getting ready for our next trip. 

Starting Saturday morning, just a few days later, we were booked into a Seven Stars event in Reno. As I went to bed Wednesday, I didn’t even want to think about Reno. I just wanted to sleep.

Thursday morning, I felt much better than I had in Cherokee. Bonnie had a sore throat and other symptoms. We decided we should take Covid tests. Which we did, and we both tested positive. 

My medical insurance has a 24-hour “Senior Help Line.” I called in, saying basically, “I tested positive on a home Covid test. Now what?”

I was asked about specific symptoms, including most which I knew about and one, mental confusion, which I hadn’t realized was a symptom. I was told to isolate, drink a lot of liquids, and treat it like a common cold. Over the counter cough syrups may or may not help. For most of us who’ve had the Covid vaccines and boosters, which includes Bonnie and me, that’s sufficient. If the symptoms significantly worsen or remain for more than a week, then I should get medical treatment. I shouldn’t be contagious after the fourth day.

I figured we had it since Monday and would no longer be contagious by Saturday. Reno was theoretically still on the table. It was a trip where we had a pretty sizeable edge and I’m very good at powering through these kinds of plays. 

Then I looked at the strategy of the game I would be playing there. It was a game that I had 100% mastered when we played there six weeks ago. I figured I’d be up to that level again with a ten to fifteen minutes review. I’ve been putting accurate video poker strategies into my short-term memory for more than two decades. It’s part of my process and I’m good at it.

This time, though, it was different. I looked at this strategy uncomprehendingly. It was way more complicated than I wanted to deal with. This was mental confusion. It was now I realized that I was sicker than I thought I was. I told Bonnie that what I thought was best was that instead of powering through, we should power down and skip Reno this weekend. She sighed and said, “Thank you very much.” Bonnie lets me make the decisions on gambling and she would have followed my lead. But clearly, we were both feeling poorly and, in our saner moments, it was clear we should stay home.

So, I texted my host and told him we were staying home because of Covid. 

I’m surprised it took me so long to make the decision to not go. I try to eat healthily, but sometimes I forget that taking care of myself is more than just eating right. It includes allowing my body to recuperate when it needs to. Dragging Bonnie around when she’s not at her best is a terrible move in many ways. As positive as this play was, there will be others for me in the future. If I keep myself alive to play them.

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The Sundry — Latest Overpriced Food Hall

The Sundry — Latest Overpriced Food Hall 4

The Sundry is the brand new food hall at the unfinished Uncommons, Las Vegas’ latest lifestyle center located just off the 215 Beltway and directly across Durango Road from the Durango, Station’s hotel-casino in the southwest valley.

Like Famous Foods Street Eats at Resorts World and Proper Eats at Aria, your first time here presents something of a challenge. When you walk in the front door, the big signboard directs you to the hostess, who seats you.

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Las Vegas: Locals gamble less; Boardwalk notebook

Casino revenues for September are in and they bode well for Las Vegas Strip casinos and rather concerningly for everyone else. The Strip carried the state to a 2% increase to almost $1.3 billion for the month. Strip gambling palaces grossed $741 million, a 7% jump. Baccarat winnings vaulted 88% on high hold, despite 2% less play. That more than made up for less slot play (- 4%), which brought in $383 million. Table wagering was off 7% win was 3% higher, to $211 million. “If we normalize both the low hold in September of 2022 and the high hold in September of 2023, [gross gaming revenue] would have been down ~3.2% Y/Y, though, given the cyber security event, this should not be surprising,” argued Deutsche Bank analyst Carlo Santarelli. Isn’t nice how an MGM Resorts International/Caesars Entertainment cyber catastrophe can be normalized as a mere “event”?

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Buffet Update – November 2023

Buffet Update – November 2023

BellagioThe Buffet at Bellagio: The price for Friday Dinner went up $10. Making it the same price as Saturday Crab Leg Dinner at $79.99.

South PointGarden Buffet: All buffet prices went up by $1. Breakfast is now $17.95, Lunch is now $20.95, Prime Rib & Champagne Brunch is now $29.95, and Prime Rib Dinner is now $29.95. The Seafood Dinner ft. Prime Rib Buffet stayed the same at $49.95 regular price, but the club members pay one dollar more than before at $45.95 now. The hours for the Seafood Dinner also changed, it is now one hour earlier at 3 p.m. to 9 p.m.

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Backstage Deli —Ghost of Luxor Past

Backstage Deli —Ghost of Luxor Past 3

When Luxor first opened, the Backstage Deli was a full-scale restaurant with a kosher-style menu and we tried the pastrami, matzo ball soup, and latke. It was 30 years ago and we still remember it. It wasn’t New York caliber, but good enough for an Egyptian-themed casino that seemed to be making some kind of statement about the Passover story.

We certainly had no intention of ever revisiting the skeletal remains of that deli. But a day earlier, a Sunday, we’d eyeballed the Luxor and Excalibur brunch buffets and Luxor looked so good that we returned the next day to try it, only to find it closed (open Wed.-Sun.). Meanwhile, we were famished, so we really had no choice but to grab a quick lunch at the nearby Backstage.

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