Originally posted by: Matt Roberts
IMO.....this isn't just a Vegas problem. Ever since corporations decided to start compensating executives with stock options instead of salaries, corporate leaders have had zero incentive to consider the long-term implications of their decisions. Their sole focus now is increasing share prices before they cut bait and move on to another company in 24-36 months. Fastest way to increase share prices? Cut payroll.
So what you get in Vegas is an effort to force all but the high rollers to move to machine play. Machines don't call in sick, retire, complain about working conditions or unionize. Plus, the hold is a lot more predictable. Close the poker rooms, replace the sportsbook with kiosks and steer the craps players to bubble craps machines. If they can afford $100 per hand, well, OK, maybe we'll let them play a game with a dealer.
So what happens in the long run? I don't know, but I'm pretty sure most casino executives (like their non-gamng brethren) really don't care. They don't figure to be around anyway.
Well put, and money is being made on everything these days, where the buffets. rooms and free parking etc. used to be loss leaders to bring in the average gamblers
