Keep in mind, that even though you have a singular parent company, the "children" rolling up to the parent are independent profit centers with dedicated management & financial staffs. Each carries its own bottom line.
In a case where the promo expense is recorded at one company, but the subsequent gaming revenue is recorded at another, at a consolidated corporate level they appear together and the world is good. At the individual location level, one takes the expense hit while the other enjoys the revenue virtually scott-free.
While it's a good idea for the individual management groups to think about the big picture, they're still motivated to "look out for #1". Can't really blame them, because each of them at some point monthly must have a Come To Jesus with corporate and explain why their financials look the way they do.
So if the promo offer is generated specifically from NYNY, I can see why NYNY would grumble a little if one walks across the street to play.
On the other hand, might be some good information for them to take a look at - - why are people walking across the street instead of playing where they're staying in the first place?
I work in a similar corporate structure with a parent and multiple individual entities. Distributing costs is always a slippery slope and watched closely by the individual financial staffs, down to incredibly low levels. I would guess the individual casinos are no different, particularly with times the way they are. They'd be less likely to "take one for the team"!!
In a case where the promo expense is recorded at one company, but the subsequent gaming revenue is recorded at another, at a consolidated corporate level they appear together and the world is good. At the individual location level, one takes the expense hit while the other enjoys the revenue virtually scott-free.
While it's a good idea for the individual management groups to think about the big picture, they're still motivated to "look out for #1". Can't really blame them, because each of them at some point monthly must have a Come To Jesus with corporate and explain why their financials look the way they do.
So if the promo offer is generated specifically from NYNY, I can see why NYNY would grumble a little if one walks across the street to play.
On the other hand, might be some good information for them to take a look at - - why are people walking across the street instead of playing where they're staying in the first place?
I work in a similar corporate structure with a parent and multiple individual entities. Distributing costs is always a slippery slope and watched closely by the individual financial staffs, down to incredibly low levels. I would guess the individual casinos are no different, particularly with times the way they are. They'd be less likely to "take one for the team"!!
