Caesars idiots

Hmmm, I wonder why there's no buyers? Tunica location bleeding that much cash they are forsced to close?

I made 7Stars again this year but with a profit, mostly because nearly all of my play was at Rincon in San Diego where they have 8/5 Bonus and 8/5 Aces and Faces.

When I go to Vegas I go to play craps which is not available in California.

edied to add: oops, I just noticed that Rob Singer posted this.

"Gambling revenue in the Tunica area is down more than 25 percent from 2008, from $1.1 billion to $826 million. Visitor count, or “foot traffic,” for that area is down from nearly 16 million to about 6.3 million, a nearly 61 percent decline, industry officials told lawmakers."
Ref: Clarion-Ledger, Jackson, MS

And it's not just Tunica. There's only so much gamblin' money to go 'round.

"Revenue at casinos in South Mississippi hasn't dropped the way it has at the river casinos [e.g. Tunica], but developers trying to build new casino resorts on the Coast are finding tough lending markets.
Scarlet Pearl casino in D'Iberville and Hemingway's Casino in Gulfport are days away from a deadline that could put both at risk. The multimillion-dollar projects were approved in December and were given a deadline to secure financing.

D'Iberville has waited 20 years for its first casino. The Back Bay site of Scarlet Pearl Casino is cleared, the construction trailer is in place and the developers were granted a one-month extension to secure funding.
"They've got a March 31 deadline to close on their financing," said Allen Godfrey, executive director of the Gaming Commission.
April 1 is the deadline for Rotate Black's Hemingway casino proposed at the Gulfport Harbor, Godfrey said."
Ref: Sun Herald, Biloxi-Gulfport, MS

It's a shame. A guy can make money playing blackjack in Mississippi, 'specially on the Gulf Coast.

I can't help but wonder if the casino's canabalized their own golden egg. There is certainly a strong argument that the growth of the industry and the spread of casinos to most states has helped to thin out the available gamblers but at the same time the industry hasn't done themselves any favors. In the Good Old Days a gambler could expect to earn decent comps at the end of the day and table rules and machine programming that would usually buy them a fair amount of entertainment for their dollars. Now we watch as VP schedules get worse and worse, obtaining a comp can be like pulling teeth, and you'll find few slot players who don't think their games have nearly gotten to the pointless stage.

I have a thought for all of you casino managers reading this:

HOW ABOUT BRINGING BACK A DECENT CHANCE FOR GAMBLERS INSTEAD OF JUST GRABBING OUR WALLETS WHEN WE WALK IN THE DOOR?

You might find we stick around and even come back more often if we feel like you wooed us a little.

The problem for the casino companies is simply that there are too many of them (companies) and not enough of us (gamblers). The Native American casinos are clobbering Vegas and Atlantic City, and there are so many Indian casinos around the country today a bet is a two hour car drive away instead of a weekend trip with a plane flight.

Ironically, the brick and mortar casinos (with the exception of Adelson's company -- the only one with a brain) want to slice up the pie even more with expanded online gaming.

I don't know of any business that ever did better by increasing competition.

The casino industry is going to go the way of the airline industry... for those of you who recall what deregulation did to the airlines in the 1980s.

+1 I don't mind losing, that's why it's called gambling, BUT, I do want some entertain ment value for my money. I have X amount of dollars I'm willing to part with and sucks when it;s gone in no time. I used to play some slots for fun sometimes but now it's like put in a twenty an d it's gone with nary but a couple 2 coin wins.I'll pass, stick to the tables.

Yes, deregulation has allowed the airlines to deliver what the flying public wants most........a cheap flight. Fliers tend to complain about cramped seats, poor service and so on, but the same people won't pay to solve the problem.

They get what they vote for with their purchasing patterns, and that's how it should be. Keep government out of the way!

Deregulation of the airline industry pushed the inflation adjusted cost of an LA to NY flight from $1400 to $400. If MoneyLA is right, we're gonna be looking at Dollar Craps and $8.00 Buffets....at Caesars. Happy Days are Here Again!

Hmmm....wonder what happened to my comment on this thread from a few days back ?

It simply vanished.

I was just calling out RS for his standard insightful musings.

As a matter of fact... over New Year's weekend, craps at Caesars Palace was $10 minimum bet. When I went to Caesars for New Years about 8 years ago the tables were $100 and $50 mnimums on New Year's Eve.