Eastside...I don't get it

Saw tomorrows QofTD will be about Eastside. This place was built very impressively by very experienced casino professionals. It opened to great acclaim. They started out with great VP, great promotions, new ideas, and great hosts. They sold us and thousands like us.

Then they took it all away. Now the place is a ghost town. Why spend the money to build a client base then run everyone off?

Wow, I couldn't have said it better myself. I thought I had found a new home, and they just changed the place--tightened the machines, raised the craps table minimums, and reduced their promotions. The vibe there has changed.

The same thing was done at the Cannery on Craig. Sounds like a corporate decision.

A "corporate decision" to run off all the business they built? If we were talking some dot.com guys playing the casino game with their new found fortune I might understand. These are "pros". They were smart enough to build a great facility way under what it costs others. Smart enough to pack the place. How could it be in their interest to run it all off?

The corporations are run by pencil-pushers, not people who understand gambling. It's going on everywhere. These idiots think they're going to increase their bottom line by making it harder for gamblers to win and/or get comps. That's not how it works, but they don't understand that.

OK Sue I admit I am wrong. However, I still can not believe the people who are losing their investment can not contol the pencil pushers. The guys who have the money on the line know how the business works as it relates to attracting and keeping customers.

The bean counter mentality is pretty simple....tighten pay schedules, change rules, etc. to increase the hold. They apply that to their current drop and see the additional profit float to the bottom line. Someone forgot to connect all the dots....players aren't all stupid; especially when there's competition virtually next door. They drop decreases so they make more margin on lower overall play. I contend that the bottom line is negatively affected.

Adelson just had that experience last quarter with his brilliant experiment. He's already back peddaling on it. If it wasn't for Asia, he'd be out of business here.

I predict the tide will turn back once again as the bean counters will try to balance the bleeding off of revenue and come to the realization that they have to give players a good gamble. The competition is no longer the casino next door but the place that's virtually on the doorstep of the majority of Americans and Canadians. Keep making the game unbeatable and people will opt to do something else. This isn't everyone but it will be the smarter money that will start this trend.

Dan

Get rid of the "bean counters" and their salaries - then there will be plenty of money to run the casinos while giving the gamblers a good gamble.

Dan, couldn't agree more.

BTW I cut and pasted this thread to Grace Santiago who was our host when we still went to Eastside. Told her to pass it along to someone with power. Hope she is still there.