Caesars Profits Double

All right you AP's start doing your share to make a dent in this.

I keep preaching to everyone that the big casinos are making more money than they need to. Too bad we can't seem to figure a way to get the industry to begin a change and give a little more back to the players.

I really believe that it is only a few people in some key positions at casinos that make the decision to attempt to squeeze that extra penny out by making all games suck... not upper management. Probably ex-wannabes who could never succeed themselves at the tables or machines and are upset that others can. I seriously doubt that the chairman or CEO of MGM, PPE, or Harrahs has anything to say or any opinion at all about cut card placement at bj or video poker pay tables.

It will all continue to decline until the fools get educated and stop playing bad games.

Sure the net revenue over any five year period from table games maybe greater than anything else in Vegas. But the execs hate the unplanned fluctuation in revenue in each quarter that can occur with gaming. They prefer the more predictable quarterly revenue from room rates, show tickets and restaurant sales.

Also the strips net revenue from gaming per casino is still below pre 9-11 levels. Most, if not all, of the increase profits is from cutting personnel, increasing the rooms rates, show tickets, restaurant prices.

Some of the cost cuttings have even included not replacing the small bars soap in the rooms and not changing the bed sheets each day or even during the week if the same guest stays in the room. Kind of shocking when they are charging $100 to $300 per night.

The investment guides now classifies MGM-Mirage as being in the Hotel-Motel industry, instead of, the casino-gaming industry. It may not be long until the Caesars group is also considered not primarily in the casino-gaming industry.

"I keep preaching to everyone that the big casinos are making more money than they need to."

SB, perhaps you should revise your sermon. I have to admit that I shake my head in disbelief when I hear otherwise respected fellow APs rant about "corporate greed" and make statements like this. Exactly how much money do they "need" to make? At the risk of pissing off everyone here...What business model would you recommend to the casino execs that caps their earnings where you think they should and increases our ability to exploit their games for our own benefit?

On a recent trip to LV, I saw DD tables with great pen, and S17 shoe games with equally good pen sitting empty while the 6:5 tables were overflowing with people playing them (as were the Rio's even money games.) The Wheel of Fortune machines actually had people standing behind players waiting for a seat at a machine. If I were a casino exec, and walked through my casino and saw this, you'd be calling me a greedy SOB, because I'd close down some more of the better games and open even more of the 6:5 & add some more WOF machines.

Until people choose to educate themselves and stop playing the bad games, the casinos will continue to offer them. It's *good* business practice to maximize one's earnings. That's exactly what we try to do every time we go play. Do I hate that their business goals conflict with mine? Hell yeah. Do I accept this? Hell yeah.

SB, Did you make more money on the BJ tables than you needed to last year? I know I can pay my bills and have a fairly nice life without ever playing BJ at all, so every unit I took from them is more than I "needed." I have no intention of stopping, and have no expectation that they stop either.

I believe the only way to get the industry to change is to somehow educate people about the bad games. Making them care once they're educated is the next challenge. I am not sure one can maneuver through the maze of the average gambler's mind using logic as a compass.

Respectfully,

TW