QOD about CET default. RU making any changes?

I think most bidness-minded folk realized CET selling parts to it's own subsidiaries was shaky: this or that part may have better access to capital, I guess. Bondholders, then should be nervous. there's less securing them. So, will the notification make any LVA-readers change? I only think I have liability v/v the comp dollars. Oh, Mgm-M is similarly riddled with debt and burning cash almost as fast, I think. Good luck!

It seems to me, from what I've read, that CET has been in the worst financial shape of the major casino orgs for quite a while. Which has always made me wonder why folks consider their CEO to be such a genius. Seems like the organizational equivalent of a someone that maxes out as many credit cards as possible. I wouldn't consider either something I would want to lend money to, so bondholders or stock owners should realize what kind of risks they are willing to take before investing in either. All that is just my personal opinion.
But then again, I never stay or play at any of their properties because the paytables on their VP are just plain bad. Kind of like the local Indian casinos here in MN, but at least if a person decides to play here, they didn't have to spend $$ on airfare and car rental to get the same lousy gaming. There are so many better options in Las Vegas than CET.

I better take my 7* and Diamond aspirations trips asap!

I was thinking the same thing! (And Erininsd, thanks again for the advice re: contacting a host asap. I just logged into my account and it says SS!)

Havn't used any points at CET for at least a year and I'm up to about $600. Just to be on the safe side, I think I'll use some of them up this trip along with my $100 from last year. No CET gambling, just eating this round (and maybe even use the show comp).

Awesome! I'm sure you'll like the perks!

So, I hear/read folks are spending comps just in case. To me, that's sensible, generally speaking. I half-tried tocompare comp bucks wif frequent fly points, which I figure will degrade any instant a major raises the cheapest tix from 25,000 mi. But in litigation around bankruptcy and airline mergers, miles in loyalty programs have been discussed as legit costs of bidness. Are casino comps like or unlike FF miles? Your thoughts...

I've been saving Total Rewards points and MGM Express Comps as retirement strategy, though I use a few now and then. Same with the Southwest Airline points.

On the flip side, food and other things we use those points for will generally rise in cost, so it may be foolish not to go ahead and use them now.

Plus, with CET, you lose them if you don't gamble at a CET (or use their credit card, etc.) in six months. MGM gives you 18 months, I think. Anyway, God forbid something bad would happen and I couldn't keep the points current, so another reason to use rather than risk losing them.

A zillion years ago I forfeited about $350 in cash (way back when you could cash your points in for money) when one of the first riverboat casinos in Tunica sailed away to another location (blanking on the name right now). We heard it was leaving soon, and drove the 3 hours to collect my points, only to actually witness the boat pulling away from the shore. Damn!

A riverboat casino under steam, or in tow? I had a few minutes underway in rising sun , IN. HATED it. But I feel the pain of watching value float or flush. Good luck!

I didn't really think no news is good news as regards CET apparent inability to run itself. Several smaller chains, stations come to mind, have filed. I still have too many comp dollars with a firm that reorganizes. Did any defaulting casinos you remember ruin comp accounts in restructuring? Thanks and Good luck!