MGM recent comp earning downgrades

Holy crap, what a pack of lies the execs were spewing.  I'm surprised lightning didn't strike 'em for such massive falsehoods.  2022 was the first year I haven't been to Vegas since 1997, and this year isn't looking very promising, either.  Expensive flights, expensive rooms, expensive food and drink...no thanks, I'll just go to the beach and drown my sorrows at a non-gaming destination.  

Originally posted by: Antennanut

Holy crap, what a pack of lies the execs were spewing.  I'm surprised lightning didn't strike 'em for such massive falsehoods.  2022 was the first year I haven't been to Vegas since 1997, and this year isn't looking very promising, either.  Expensive flights, expensive rooms, expensive food and drink...no thanks, I'll just go to the beach and drown my sorrows at a non-gaming destination.  


Well, Vegas isn't the only gaming destination, not by a long shot. Vegas has kind of blithely ignored that competition, saying with its nose in the air, "Well, those places aren't Vegas." And nauseatingly, the general public seems to agree--they think that Vegas is unique and special and worth paying through the nose for. But we don't have to.

 

I want to carry that further, though. If Anthony is right (and I don't think he is) and the casinos will inevitably roll out the gravy train again when visitation finally cools off, I ain't going back there. Send me an offer for fifteen free nights and $1000 food comps, plus a daily Swedish massage by a supermodel. I'm still going somewhere else.

 

OK, maybe if it's TWO supermodels...

Originally posted by: Charles Higgins

David...and/or the consumer populace just hasn't hit / banged their heads on the wall enough yet ( they don't care, ie..still trying to outrun Covid effects..get in the truck/plane and let's go, etc.). It is a tad sad if one thinks about the last three post-Covid years and its effects for any length of time..easier not to, I guess. I'll choose the latter *l*.

 

Kevin.. Yeah, the opportunities to mine out the very limited few 'value' plays in Vegas are indeed scant. Then the resort conspirators just propagate more crap..immensely irritates me and most other old-school Vegas patrons. BTW, Treasure Island still offers 3:2 games with tolerable rules at $10 early weekday mornings ( up until about 11 AM or so, depending on when the lemming crowds show up). At least those were the conditions during our last trip ( we'll see if that holds up next month). I still hold onto that perhaps semi-delusional hope that the old axioms of economics will eventually emerge and some of that old Vegas value will return..despite the incessant lies and misdirections from the resort reps. We'll see. 


Having just returned from my semi-annual trip to Vegas, I have to say that I'm done with chasing TC's on MGM's new ...ahem... "Rewards" program while desperately seeking out the ever-dwindling VP machines on their casino floors.    This time around I decided to apply my own system of theoretical loss to MGM and I must say, their status level took a serious hit, similar to the hit they handed me.

Hey MGM!  You asked for it and I listened! 

This time around I spent most of my gambling time ergo, my bankroll, at Station casinos.  Not only do they have THE best player club benefits around now, but they had hundreds of VP machines in every casino I walked into and on certain days of the week, they regularly give 2 and 3x points on a coin in basis.

In addition, they don't ever charge for parking, valet or otherwise and their staff are all super helpful and friendly.  Something else I loved was that that every machine was clean and in working order, unlike at MGM's properties where sometimes more VP machines are out of order rather than working and available. 

Yeah, Station casinos are my new go-to properties and I envision the beginnings of a beautiful friendship.

Originally posted by: Janet

Having just returned from my semi-annual trip to Vegas, I have to say that I'm done with chasing TC's on MGM's new ...ahem... "Rewards" program while desperately seeking out the ever-dwindling VP machines on their casino floors.    This time around I decided to apply my own system of theoretical loss to MGM and I must say, their status level took a serious hit, similar to the hit they handed me.

Hey MGM!  You asked for it and I listened! 

This time around I spent most of my gambling time ergo, my bankroll, at Station casinos.  Not only do they have THE best player club benefits around now, but they had hundreds of VP machines in every casino I walked into and on certain days of the week, they regularly give 2 and 3x points on a coin in basis.

In addition, they don't ever charge for parking, valet or otherwise and their staff are all super helpful and friendly.  Something else I loved was that that every machine was clean and in working order, unlike at MGM's properties where sometimes more VP machines are out of order rather than working and available. 

Yeah, Station casinos are my new go-to properties and I envision the beginnings of a beautiful friendship.


The sad thing is, Stations' players' club is much, much stingier and its benefits much, much chintzier than even three years ago...and it's STILL better than the Strip rip joints. I really don't understand why so many people still patronize those places--inertia? Abiding fascination with the exploding tigers or whatever pyrotechnics there are?

 

The locals' joints have always been the only sane play in Vegas, but not one in ten visitors knows about them, or maybe they just prefer the glamor and glitz and glitter and glop of the Neon Deathtrap aka The Strip. But as far as I'm concerned, how can I put it gently and genteelly...fuck that place.


Agreed!  Stations is far from the savior of value.   Non locals are generally excluded from multipliers.   And athough they have good video poker, those machines pay no points.   And the icing on the cake is god forbid you win at video poker (there is a thing called a royal flush that sometimes happens, even to players with no idea of proper strategy), they often then totally cut off your room marketing offers, as if you were a card counter at Blackjack.  

 

These places used to have great value at most of their restaurants.  Those days are long gone.

Edited on May 8, 2023 8:56am

Red Rock room rates are Strip-like rates, in fact they're often higher than the Strip.  Green Valley has much better rates, and it's still a nice property.  I've stayed multiple times at both, and like the feel of both.  

 

But the players club gives me very little as an out of stater.  But does that matter anymore, given the bottom dwelling MGM and CZR players clubs???  

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