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Eldorado...The Curdled Cream Of The Crap!

Discussion in 'Vegas Trip Reports' started by AllenAndRossi, Jul 13, 2021.

  1. Tykob

    Tykob Tourist

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    I was thinking the same regarding some type of sale, especially with all the SPAC activity this past year. Eldorado may be entirely focused on "perfuming" up the books via all the cost cutting, only to sell some of the propertie(s) to help reduce the huge debt they incurred.
     
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  2. LAdoesVegas

    LAdoesVegas Low-Roller

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    Thought about that too, just not sure who the players are in that group. Also mayyyyybe the Hard Rock? I heard they were looking for a location on-Strip. Seems too big for them & no huge Guitar-shaped hotel would be a bummer for me lol
     
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  3. Bubblehead

    Bubblehead Low-Roller

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    Replacing the CP dome with a big ass guitar?
     
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  4. Gus

    Gus Low-Roller

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    virgin, or an asian conglemorate buying them.
    plenty of billionaires.
     
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  5. dankyone

    dankyone VIP Whale

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    Actually much of what Eldorado is doing would make lot more sense if they were planning to sell off Caesars Palace. Revert to a basic Harrahs type offering nationwide. There is plenty of demand, it’s cheaper to run, and they don’t have to deal with us pesky high maintenance customers.

    Puff up the numbers this year and toss in a spectacular new entrance, then sell Caesars Palace to someone who wants to be in the luxury business. It doesn’t matter if they chase people off in the process because someone else will have to chase them back.
     
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  6. Nevyn

    Nevyn VIP Whale

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    You do need to remember that it is a bit more complicated these days in Vegas though.

    Eldorado doesn't OWN Caesars palace. They bought Caesars Entertainment, who lease and operate it from VICI properties. So there is nothing to sell, they could only stop leasing it.

    Of the CET portfolio, Caesars and Harrahs are owned by VICI, Dreamscape owns Rio, and Caesars Entertainment owns the rest (for now), with the trend being for the operating company to own fewer.

    I don't see them really trying to cut back on the number of places they operate. And in terms of sales, PH is the most likely to go (and perhaps still be operated just as Rio is)
     
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  7. The Rumor

    The Rumor VIP Whale

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    Guys, take a deep breath: no one would have named the merged company Caesars if they were planning to sell Caesars Palace. There's a lot of bizarre speculation in this thread.

    I used to complain, after the Hangover, that Caesars was the worst value in Vegas. I think it's heading back that way. They've always had some view that they could gouge people just on name reputation alone. Plus the place was a magnet for high end Asian play. This plan (to gouge more and keep it) makes far, far more sense than "well let's sell the thing we named our company and player rewards system after"
     
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  8. CalifLovesVegas

    CalifLovesVegas High-Roller

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    Wow so sorry to hear all this.....I feel for those hardworking, longtime employees!

    My next 2 Vegas trips are Wynn + CET to burn my FP.

    Then Bell....same thing, stay there + burn thru CET FP offer.

    Seems people are leaving CET in droves. Its a shame, but who can blame them.
     
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  9. Vegaswanderer

    Vegaswanderer Tourist

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    I generally like CET properties at least compared to other Vegas properties. But I recently stayed 13 days at the Rio and wasnt getting any daily housekeeping, which is totally fine with me. But on day 7 I asked the housekeeper in the hallway if I could get one cleaning since I am here for 13 days and she said they won't allow it. She then said she would put in a request for me but I never heard back.

    One day I also heard someone with their luggage complaining in the elevators about "waiting in line for three hours to checkin". I don't know if they were exaggerating or not. I can't believe you would really have to stand in line for 3 hours unless your room just wasn't ready yet. Checkin supposedly starts at either 3pm or 4pm when I look online, and it was about 4:30pm when he said it.

    My Diamond check in process was quick though. I am glad they still have the seperate Diamond/7 Stars checkin room.
     
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  10. AlPal

    AlPal Vegas Addict

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    I walked to the Rio Saturday July 3rd and the standard checkin line at noon was at least 2 hours long. It snaked its way through the casino, probably 250-300 people deep.
     
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  11. VegasBJ

    VegasBJ VIP Whale

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    if the Rio had a 2-3 hour check in line, that reconfirms the pent up demand for Vegas
     
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  12. maxev

    maxev High-Roller

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    In general, I'd say all casinos are currently suffering lack of employees and higher demand than expected, not just CET.

    But wanted to add a bizarre exchange with a Caesars manager.

    While in the Diamond/7 Stars checkin, two guys in workout clothes came in saying they didn't know the Caesars Palace gym closed at 4 p.m. and are there any other gyms they could access. They were told no. (Which is strange, because as I understand it, Diamond/7 Stars have access to any CET gym.)

    It reminded me to ask about when I was at the LINQ gym last week, and was told 7 Stars can access the spa for free if staying there, but otherwise it's $15.

    A manager was there and he said that 7 Stars can no longer access any CET spa because of COVID restrictions.

    Even with everything open at 100%?

    He said yep, they're trying to limit the number of people.

    "Except to those who pay $15," I said sarcastically.

    He said the fee is there to discourage people from going.

    I'm not a spa person, so I haven't verified that I can't enter any of them (and the spa at Caesars Palace is still closed, though services are still available) as 7 Stars. But I found it strange logic. I mean, just limit the number of 7 Stars that can enter instead of charging a fee.

    I was in the middle of checking in, so I couldn't yell out to the guys about being able to go to any gym. And really, with their current setup in place (scan QR code/visit website, fill out waiver, then show -- all without needing a room key or ID), anyone can go to any CET gym.


    --max
     
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  13. jpfromla

    jpfromla RFB

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    The logic makes perfect sense. Use COVID as an excuse to make cutbacks and reduction of perks. A year from now people will forget that it was a Seven ⭐️ perk and they will charge everyone $20.
     
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  14. LadyVPLove

    LadyVPLove Tourist

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    Who understands what El Dorado is trying to do? We were at one of the CET hotels this weekend (not in Vegas). We were invited to an event taking place on site. We sat at a table that included first/second time at the casino, Gold level players. They had been assigned a host, a room and given $100 in food credit. o_O (I imagine these players are high rollers at some of the other surrounding casinos.) Our host told us tier scores are not taken into consideration any more, as much as play. Hmmm, isn't 150,000 tier score, playing VP, around $1,500,000 roll in?
     
  15. JeJas

    JeJas VIP Whale

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    If they are high roller at other casinos, shouldn't they tier match to higher level at CET?
     
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  16. Flowers

    Flowers VIP Whale

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    If you maximize the Tier Credit multipliers + bonuses you can become Seven Stars with a fraction of 1.5M coin in, which is why I assume the host was focused more on play than tier but in my experience that's always been the case.
     
    Last edited: Jul 17, 2021
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  17. azbob

    azbob High-Roller

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    The unemployment rate in LV is 8% (just updated today). Pre pandemic it was 3%. Everyone on the ground here knows the service issues are due to people not coming back to work and the casinos not calling back senior people. That is how a new HK at Wynn gets hired after trying for four years. That is exactly the situation that is impacting everything from casinos to sandwich shops in LV.
     
    Last edited by a moderator: Jul 17, 2021
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  18. LadyVPLove

    LadyVPLove Tourist

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    Unfortunately, due to COVID we were never able take advantage of the tier credit multipliers. The bonus points have helped over many years to obtain several “ Experience “ levels. Sometimes, I think they know those of us that have been loyal players will stay/play no matter what…which is why I appreciate you, Flowers and other VMB members for giving us the courage to move on. I was hoping to go match my status at Wynn in August. My husband has a couple of offers there.
     
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  19. Lady Fortuna

    Lady Fortuna VIP Dolphin

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    Tbh I don't know shit, but I can only imagine how hard Vegas was and still is affected by the pandemic. Many casinos won't reopen and we don't know how much the others are struggling. There is a shortage of personnel. The money to hire new people has to come from somewhere. If we wait before going until everything is perfect and back to normal, it might never happen. Vegas needs us. Together we have to build it back up. I'm a big fan of CET and will support them no matter what. I want them back up to their glory. Maybe that is not the popular opinion here, but those rotten apples who depreciate their own company won't be helped either, if you run off and bring your money elsewhere. It's not loyalty when you leave - and even contribute to - a sinking ship. Not saying CET is a sinking ship (I don't know), but by the sound of it, it would be if you all had a say. And what do we know, maybe they are really struggling. Maybe there is no money and they first need money to come in, before they can spend any. Think about it! We can all help CET and Vegas come back to it's glory, by spreading a possitive word and staying loyal. You can't expect everything being back to normal at once. Those double-faced hosts don't really care about your experience. They only cry about not being able to give you freebies, because they want that tip. It's not them who pays for those freebies. We all have to carry the effects of the pandemic together. Also the hosts who are getting less tip. Please don't create a hype against CET?! That will certainly not help anybody. If you don't want to stay loyal, that's fine, but don't try to turn other people against them and create a hype (not saying the OP is doing that, but this thread is doing that). One can also be informative and critical without being destructive and vengeful.

    !!! PLEASE NOBODY TO RATE THIS POST, NO LIKES OR ANYTHING !!!

    I don't want to create two sides against each other. I just love CET and can't help to defend them and hope that you won't turn your back on them, that's all. It's too soon (and not even) after the pandemic and we need to give them (I almost don't dare to say "Eldorado", but them) a chance.
     
    Gimme some Vegas baby!!
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  20. fasbman

    fasbman High-Roller

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    I will respect your wishes and not rate your post.

    You are absolutely entitled to have and express your opinion. However, perhaps I misread your post, but you seem to be saying that others can have a contrary opinion but should not publicly express it. If that is the case, then I will have to respectfully disagree with you.

    CET has made no secret that they want to cut costs. In my opinion, they will do whatever they think they can get away with and will absolutely push the envelope as much as possible. If people meekly accept it without voting with their wallet or voicing their opinion, I can promise you that things will not get better. Instead, I suspect that the cost cutting will get more zealous. I do not blame CET for doing so. They are a business and will do what they can to maximize their profits. As I said, Our only weapon against this approach is our voices and our wallets. You are free to do as you wish. However, please allow others to do as they see best.
     
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