I just wanted to comment on the question of the day a few days ago because I didnt have time then and I have a little inside information. Do inexpensive buffets at the casino lose money? If yes, we know the mentality used to be thats OK we'll make it back in the casino.
It must have been about 2004 back when I had a job in Atlanta selling food. We were a small company but could deliver anywhere in USA. I tried to get us into casino buffets. Our company sold inexpensive ( OK cheap) foods mostly frozen. Like I'd sell 3,000 pounds of hamburgers, breakfast sausage, chicken nuggets type food to a facility, etc.
I got us a couple meeting in Las Vegas which eventually turned out to be fruitless. Las Vegas casinos buy on kind of a closed and corrupt system and we couldnt break in. So I remember our meeting with the head chef at Circus Circus buffet and his second in charge. We pitched our stuff and it was going well.
Do these buffets make money? I know what this buffet is. Its cheap food, low price and has a reputation for being bad. I ate it like twice. After counting cards one morning for 45 minutes I asked the pit boss for a breakfast buffet comp and got it. How the hell it was so busy yet the scrambled eggs and bacon were so cold I will never know.....but I digress.
Back to the meeting. At one point I mentioned to the chef I'd heard Las Vegas buffets just try to break even. His assistent laughed and said something like " We WISH we could break even!" The head chef nodded. This was back more in an era but not the Golden days of coupons, discounts and you might get a "Kids eat free" coupon and a 2-1 buffet coupon discount just for checking into the hotel or asking for a fun book. How they accounted for that I don't know. Or how they account for blackjack player has a comp for one I don't know.
But they were clear they could only WISH they were breaking even.