"Casinos for Sale ! Casinos for Sale ! Come get yourself a casino !"

Originally posted by: O2bnVegas

---

Actually, I have enjoyed the  mask wearing for one reason:  Makeup (as in cosmetics).  I realized there is no need to take the time and trouble to apply foundation, lipstick, etc., even to worry what my hair looks like.  My whole "look" is altered by the mask, which IMO is a good thing, LOL.  I've stopped wearing earrings because they get tangled with the ear loops. So many fewer decisions to make in getting dressed to go somewhere (grocery, pharmacy, even church).  I think I'd like to wear a mask for the rest of my life.  I'm serious here. 

 

Yesterday it turned very cold outside and I had several errands to do.  The mask (cloth) kept my face warm from car to store and back etc.  I kept it on in the car, walking to and from places, the whole time, never took it off leaving the house until I returned.  

 

Actually, masks can be fashion statements in themselves.  Camo, outdoorsy, your sports team, your school spirit, work logos, color matching to outfits, even...gasp...political statements.   The sky is the limit! 

 

Candy

 

---

Originally posted by: Boilerman

---

Kevin, debt payments are a business expense, and these expenses decrease profit or increase losses.

 

I don't argue against your view that casinos with huge debt loads can't make money in today's economic climate.  They can't make money and they won't for a long time.  Some people like the fancy multi billion dollar casinos, and somehow this expense has to be paid............and that's not going to happen with $39 rooms. 

 

It's a math thing that confuses so many.

---

Originally posted by: O2bnVegas

---

Actually, I have enjoyed the  mask wearing for one reason:  Makeup (as in cosmetics).  I realized there is no need to take the time and trouble to apply foundation, lipstick, etc., even to worry what my hair looks like.  My whole "look" is altered by the mask, which IMO is a good thing, LOL.  I've stopped wearing earrings because they get tangled with the ear loops. So many fewer decisions to make in getting dressed to go somewhere (grocery, pharmacy, even church).  I think I'd like to wear a mask for the rest of my life.  I'm serious here. 

 

Yesterday it turned very cold outside and I had several errands to do.  The mask (cloth) kept my face warm from car to store and back etc.  I kept it on in the car, walking to and from places, the whole time, never took it off leaving the house until I returned.  

 

Actually, masks can be fashion statements in themselves.  Camo, outdoorsy, your sports team, your school spirit, work logos, color matching to outfits, even...gasp...political statements.   The sky is the limit! 

 

Candy

 

---

Originally posted by: Kevin Lewis

---

How would it be "overtaken by the homeless" if the rooms still cost money to rent? Even $39 a night is about $1200 a month--plus taxes. I don't know who are "undesirables" to you, but it sounds like you're echoing the recent stupid, nasty shit that Adelson's propaganda rag has been printing.

 

As I said in reply to another poster, the business approach I described was EXACTLY the way many Vegas casinos operated during the boom years of the 1990s and 2000s. It worked great, but unfortunately, that made many of their properties prime takeover targets.

 

There's LOTS of room in the Vegas casino market for a low-roller, player-friendly casino--especially now, when peop have less money and less incentive to come to Vegas, I don't expect the myopic casino suits to recognize that, though. 

---

Originally posted by: Kevin Lewis

---

Sorry. Gross profit.

 

Obviously, if a casino makes enough money to pay down its debt, it's functioning at an effective profit. Its balance sheet--assets minus liabilities--will look better and better over time. That would also be true if it had no debt and put their gross profits into capital investments or retained earnings.

 

What's better---$299 rooms and the hotel is 1/10th full, or $39 rooms and it's sold out? Also, getting more bodies in the hotel means you have more people gambling in the casino.

---

Originally posted by: rdwoodpecker

---

You can do the math but $39 dollar rooms at V/P won’t cover the real estate taxes and electricity! Let alone pay the help and all the expenses that go with operating a business. 

---

Originally posted by: Boilerman

---

Kevin can't do the math for God's sake.  What are you thinking Pecker?  We all know that you know better than that.

---

Originally posted by: Boilerman

---

Nope, interest expense comes out before gross profit.

---

Originally posted by: rdwoodpecker

---

You can do the math but $39 dollar rooms at V/P won’t cover the real estate taxes and electricity! Let alone pay the help and all the expenses that go with operating a business. 

---