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Discussion in 'Other Casino Games' started by Craps Poopshoot, Jun 3, 2017.
New Games in Vegas, as of Friday 6/2/2017 - see the photos here
See where Harrah's pulled these type games in AC (Stiffs and Georges). Some calling these games an Edsel!
they can do whatever they want, once the babyboomer generation is gone, every casino will see substantial drops in revenue.
between my children, nieces, nephews, boyfriends, girlfriends, all their friends and relatives in that age group, so few of them even think about spending more than a few bucks on slot machines or tables if they go to a casino.
I wont be around long enough to see the casinos begging for customers.
The casinos are in a complete panic, in that the millennials are coming to Las Vegas in record number but they are not gambling! The wedding industry has already seen a massive drop in revenue due to lack of millennials spending. The experts cite: College debts, low pay jobs, high cost of living, and mandated health insurance.
Trump is working on their issues. No wonder Sheldon was a muti-million dollar contributor.
The millennials are very jaded and suspicious about the casino games. They know that the slots are computers and can be programmed to do anything the casino wants, and they know this far more than their boomer parents know. They know that the table games that the casino offers is BS, like 6:5 blackjack, 3-card poker and other such carnival games. The Craps table has their attention, and especially the young women are seeing that it is a game that they can actually win at. The Shoot to Win is full on any given Friday/Saturday night with Millennials as is most of the Craps tables.
Sure, Trump may want to help - but will he be allowed to help? The system that has enslaved the Millennials was built over the last 20 years, and many billion dollar corporations rely on that enslavement to survive. It is unlikely that they will let Trump change anything.
Sadly, I have noticed the same. This younger generation are much smarter than us old Darts when it comes to gambling. The younger generation are more careful at the crap tables ( at least from what I have witnessed).
Most just wanna have a good time, don't really gamble, & don't stay at the tables for too long.......A GOOD thing for the gambler, but YES....a horrible situation for the Casinos.
I forsee the Casinos completely drying up too, because Frankly, they are too damned greedy,,& constantly making the games even worse for the players!
Slot holds have increased almost 20% (yes 20%) from 2004 to 2017. That is simply based on increasing a machine from 10% to 14% or 16%...and on and on.
The casinos are playing a dangerous game as they are making no allowance for the loss of gaming revenue other than simply upping the slot machine hold. Sooner or later the players will drop off....and they have.
Introducing new games is one way of trying to bring up the player numbers but ultimately that will fail unless they lower the hold. I'm sure long term slot players have noticed the difference and adjusted their play over the years. It's a constant complaint in Vegas. I've heard from my own visitors. When someone burns thru $200 in a matter of 20-25 minutes with little to no "action"....you will be hard pressed to get them back.
I know for a fact there was a major uproar from purple card players at Station Casinos about the crappy action. Last month they threw them a bone. 100 cars given away. This month they are throwing them vacations. There has also been a shakeup at the top of Station Casinos. Either the investors are not happy or the players. Something snapped them into action.
Slots are scam, regardless. They can couch these skill based games all they want. My guess is they soon find the dump heap.
Tourists coming in probably don't notice it as much. Ask a local player who plays slots and they will definitely tell you they have noticed a difference. The UNLV numbers (20%) bear out the concerns for them over the past 15 years.
There are too many casinos to sustain their current long-term numbers. First an industry overbuilds capacity, then comes the inevitable consolidation brought about by market forces. The better marketing and more efficiently run casinos -- and those without a massive debt albatross dragging down their financials -- will survive.
Hell, even this business genius, went bankrupt in the casino business,
Everybody 7's out every once in a while.....the key is bounce-ability.
Can you come back in-spite of heavy odds against you and be better than ever. This tells me more than anything about someone. It says alot.
Bounce-ability is one of the most important quality you can possess as it means you never give up and always have a chance.
In fairness, he's not alone by any stretch. In the race to build bigger, better, and more mesmerizing casinos, many owners took on massive amounts of debt. Financial leverage is great when it's working in your favor (e.g., buying a house with a small down payment), but it's a absolute b*tch when things go the other way. Apollo Management and TPG Capital - private equity firms that took Harrah's Entertainment private -- found that out. Debt service on the massive loans became unsustainable in the face of declining revenues, resulting in bankruptcy filings (including CET, Station Casinos) & closings (including Revel, Riviera).
By the way, why isn't "private equity" a four letter word? It definitely should be.
TD, what the fu**k has gotten in to you ?( asking respectfully) YOU, of ALL people exposing the TRUTH about what's REALLY happening in the Casino! Perhaps a bad night at the Bubble! Lol. Say it ain't so!
Ah, yes......Resilience. A Most glorious trait to possess in ANY of life's endeavors!
this must be a disease spreading throughout vegas, as my wife mentioned the last trip there in December, even the Henderson casinos she noticed shes not winning as often, not meaning she wins money, meaning not getting many good hands at slots.
She feels the strip casinos are the worst odds for slot in the world, as the last time we played on the strip back in 2012 and 2015, no one was hitting bonuses on the slots.
it is a dangerous game, but I still feel once our generation is gone, the younger ones are more worried about mortgages and school loans and college costs for their children, and when going to places like vegas, will be more likely to spend their hard earned money buying alcohol at the pools of the mega resorts, not sticking it into slot machines or tables. While they may allow 100 dollars for gambling, that will be it.
My son earns a very nice income, and his fiancé does pretty well herself.
They cruise 3 times a year, and never walk into a ships casino, they have no interest in handing over their money. He calls me when he travels, hey dad, Im in so and so, and I just walked into this casino, just wanted to look inside, but they never play. Its not that they are cheap or thrifty(hey, everyone likes to save money here and there), they don't believe gambling is worth the effort.
I see this with all the kids when we go to AC or elsewhere where we visit casinos.
we go off and play, they go to the bar. And if theres a bar with 3 dollar buds that night, that's where they are off to. (ballys wild west used to have that)
my dumb schmuck governor is only allowing casinos in NY state in rural areas.
Im amazed casino companys are willing to put money to build billion dollar resorts in these areas. Id understand paying anything to build a casino smack in the middle of long island, where theres affluence, and millions of people within 10 minutes of a casino.
I don't think station casinos are doing that bad, they aren't willing to work with me for my next visit other than offering me 50 percent off room rates, but anyone can book with a 40 percent off special they have been running for a while.
My next trip will proably be my last trip to a station casino if they don't offer us more. My wifes slot action alone should warrant a few nights stay, as it does with every other casino we play at.
even foxwoods now is offering us a lot of comped rooms, they never did before.
Yes, Prince Andy (Mario was the King) thinks he has it all figured out.
The Montreign casino has been renamed. It is now 'Resorts World - Catskills".
This will be a 5 star resort, and spa. It will get initial interest, but how long can they sustain it?
They will be permitted to build casinos in and around NYC in 7 years.
My understanding is that current moratorium on additional casino licenses is only temporary; it is intended to give an opportunity to those footing the bill for recently approved -- but currently under construction facilities -- a sufficient time to recover their investment before competition from additional casino licenses (presumably in major population centers) likely puts a serious hurt on revenues of these casinos located in more remote areas. It is targeting capital investment in other parts of the state, which probably would *NOT* happen if new gaming licenses for NYC were approved at the same time. That being said, I understand your frustration, as there isn't a casino in downtown Chicago, either.
He (and other CEOs) are primarily counting on corporate tax reform, especially since LVS has @5 casinos overseas (Macau, Singapore). Repatriation, baby! While a lower corporate tax rate should help the bottom line (all other things being equal), it won't directly address the top line (revenue) issue. Marketing efforts only go so far before diminishing returns kick in. A major shake-out is needed in the gaming market and quite a few casinos need to fail or be bought and closed. I think there is sufficient gaming revenue for the industry as a whole, but it is spread too thin because there are so many geographically dispersed casinos.