1. Welcome to VegasMessageBoard
    It appears you are visiting our community as a guest.
    In order to view full-size images, participate in discussions, vote in polls, etc, you will need to Log in or Register.

Weak Canadian dollar VS American. Offers may increase?????

Discussion in 'Comps' started by ripper, Dec 10, 2015.

Thread Status:
Not open for further replies.
  1. ripper

    ripper Tourist

    Joined:
    Dec 13, 2014
    Messages:
    62
    With Oil sliding and the Canadian dollar tied to oil a fair bit we now have a very weak dollar compared to the greenback. About 35% weaker. I am sure this will mean a lot less Canadians venturing south as everything is that much more expensive.

    In this situation i would think that the resorts may take note of this and want to offer a little more in the way of comps. I am interested to see how my winter offers come in at. Even another 100 in free play or something might make a difference.

    Expected 5000$ loss, 600$ flight and give me an extra 100 in freeplay and i might just pull the trigger on a trip. That is a degenerate for you.
     
  2. touche22

    touche22 Low-Roller

    Joined:
    Mar 2, 2014
    Messages:
    390
    Location:
    Ontario, Canada
    Trips to Las Vegas:
    3
    my winter offer is exactly the same.
     
  3. Char1

    Char1 High-Roller

    Joined:
    Jan 4, 2015
    Messages:
    847
    Location:
    Toronto, ON
    Trips to Las Vegas:
    15
    Mine are also the same.
     
    May 28-June 2
  4. ripper

    ripper Tourist

    Joined:
    Dec 13, 2014
    Messages:
    62
    Damb. Maybe spring offers. haha. I havent got my winter offer so maybe they dont want me.
     
  5. shifter

    shifter Degenerate Gambler

    Joined:
    Sep 15, 2010
    Messages:
    10,096
    Location:
    At the tables
    Trips to Las Vegas:
    30
    Not a chance. If Canadians don't come someone else will.
     
  6. ripper

    ripper Tourist

    Joined:
    Dec 13, 2014
    Messages:
    62
    It was just an idea Shifter. I know my offers were 4 times better during the recession and my play was less then. Maybe that's why the service is not what it used to be. The mentality of " what ever, don't come then, someone else will fill your spot". That eventually backfires.
     
  7. VegasChic-

    VegasChic- VIP Whale

    Joined:
    Apr 6, 2014
    Messages:
    1,535
    Location:
    Vancouver, BC
    Trips to Las Vegas:
    21
    I think it's possible.

    When speaking to my old host at Cosmo, I remember he said the marketing department considered how far you were travelling and even the exchange- this was early last year before things really started to slide.

    The ripple effect of the $$ is just starting IMO. During the summer I compared prices of an item at LV. At the time, the Canadian site was only 10% higher despite the exchange rate being far worse.
    Last month the Canadian site had caught up in pricing- the same item was now 30% higher than the US site.

    Fingers crossed Vegas makes it a little more enticing to suck up the horrible exchange- it's going to be here for a while and may still get worse.
     
  8. shifter

    shifter Degenerate Gambler

    Joined:
    Sep 15, 2010
    Messages:
    10,096
    Location:
    At the tables
    Trips to Las Vegas:
    30
    Absolutely.

    The next recession/depression will see huge increases in offers just like last time.

    Unfortunately for you, a weak loonie means a strong dollar which indicates a good economy so they are less inclined to make crazy offers at the current time.
     
  9. VegasChic-

    VegasChic- VIP Whale

    Joined:
    Apr 6, 2014
    Messages:
    1,535
    Location:
    Vancouver, BC
    Trips to Las Vegas:
    21
    Totally see your point- Vegas overall was hit hard so they had to do something.

    Still hopeful that they will carve out the Canadians right now and make it a bit more attractive. Free rooms gets us in, and the freeplay- well, it's not like we don't give it back!:evil laugh

    Will post if I notice anything different. What I can say is my THEO dropped 1/3 last trip and my next offers still came in at the same level. Maybe they were showing mercy on the $$ right there!
     
  10. Nevyn

    Nevyn VIP Whale

    Joined:
    Apr 13, 2007
    Messages:
    4,188
    Trips to Las Vegas:
    9
    I'm inclined to agree with shifter.

    Some promotions (like Downtown Grand's $ at par promotion) may target Canadians specifically, but players club offers won't change.

    One could even argue that Canadian gamblers would be less attractive to casinos when the exchange rate tanks, as on average they are likely to bring less US $ to play with.
     
  11. VegasChic-

    VegasChic- VIP Whale

    Joined:
    Apr 6, 2014
    Messages:
    1,535
    Location:
    Vancouver, BC
    Trips to Las Vegas:
    21
    I'd even be thrilled with more exchange rate promotions. Way back long ago when the exchange was in the .60's range, many of the casino's offered something like that. Sometimes it was $25 match plays per $100 up to so much per day when you exchanged at the cage at the prevailing rate......at least it would make it fun!
     
  12. Royal Flusher

    Royal Flusher Savvy Gambler

    Joined:
    Feb 18, 2008
    Messages:
    5,504
    Location:
    Flusherville, Canada
    Trips to Las Vegas:
    57
    Not necessarily - the weak CAD is more a reflection of the price of oil, which has plummeted. (And other soft resource prices too.)

    But better offers do come when business is down, which happens when the US economy is suffering.

    All that aside, it's too soon to say if Vegas will react to the low CAD, since it is still a fairly recent change. How many Canadians visit Vegas a year? Wasn't it like 2.5M visits? Would properties lose enough Canadian business due to a low dollar for them to take steps to lure more back down? I don't really know, but the Downtown Grand did set something up, as mentioned.

    Incidently, that DTG promo ends Dec 31 - but I think they are ending it too soon - people didn't have enough lead time to take advantage of it.
     
  13. ripper

    ripper Tourist

    Joined:
    Dec 13, 2014
    Messages:
    62
    I agree with this very much. We are just starting to see the effects of the dollar. It might take some more time before we see businesses adapt. Our economy is strong where i am its just that the dollar is tied so close to oil and oil is cheap right now.
     
  14. Royal Flusher

    Royal Flusher Savvy Gambler

    Joined:
    Feb 18, 2008
    Messages:
    5,504
    Location:
    Flusherville, Canada
    Trips to Las Vegas:
    57
    I seem to remember the Golden Gate allowing you to exchange $100 at par or something like that when we were in the 65 cent range.
     
  15. ripper

    ripper Tourist

    Joined:
    Dec 13, 2014
    Messages:
    62
    I'll take par! haha
     
  16. touche22

    touche22 Low-Roller

    Joined:
    Mar 2, 2014
    Messages:
    390
    Location:
    Ontario, Canada
    Trips to Las Vegas:
    3
    Of course the flipside of this, is that if you happen to luck box a win then the conversion back to Canadian $ is like a double win!
     
  17. Char1

    Char1 High-Roller

    Joined:
    Jan 4, 2015
    Messages:
    847
    Location:
    Toronto, ON
    Trips to Las Vegas:
    15
    After all that's said and done.

    We are still coming.

    Can't keep away!

    LOL
     
    May 28-June 2
  18. VegasChic-

    VegasChic- VIP Whale

    Joined:
    Apr 6, 2014
    Messages:
    1,535
    Location:
    Vancouver, BC
    Trips to Las Vegas:
    21
    yeah, there were a bunch of them! I remember we used to just spend an afternoon making rounds of the places that offered it to get our BR together, haha! The old continental was one of the really good places to do it. I used to get a list from someone back then that listed what each casino would do. I think it's just a matter of time until we see it more consistently starting. Or, that's my hope!
     
  19. ruralhipster

    ruralhipster Low-Roller

    Joined:
    Aug 5, 2008
    Messages:
    428
    Location:
    Alberta Canada
    Trips to Las Vegas:
    20
    On my next visit I may be prone to take advantage of more comps by double and triple booking and short playing most casinos. Over the last few years I've spread my play fairly wide and I figure I won't be back until the economy improves anyway so I can afford to kill my future offers. If I could show restraint I am sure that I could have a free vacation if I don't rent a car and use free shuttles, Uber and RTC buses instead, churn my free-play smartly at low variance VP, and only eat at casino restaurants where I have some food credit. Throw in some late-night bowling, early matinee movies, comped drinks, free people watching and it would still be a fun cheap vacation. I've always wanted to try a "Big Empire" Vegas on $19 a day type trip.
     
  20. nostresshere

    nostresshere Mr. Anti Debit Card

    Joined:
    May 4, 2009
    Messages:
    11,107
    Location:
    TN
    Trips to Las Vegas:
    19
    If a certain demographic has less money than before, then it would make business sense to do less offers. After all, if that group has less money available to "donate", then are they the target customer?
     
Tags:
Thread Status:
Not open for further replies.