Real deal Casino--can it make it

[bubbakitty]

Ok. A casino with 10x odds on craps. Available 9/6 JoB; 8/5 bp; 10/7 ddb. Fair slots (you leave feeling valued). It has hotel rooms. Can it make it in vegas today? Is it in vegas today?
Just wondered if a property was gambler friendly with odds/offers could they survive? If so where are they (or is the window too small to wait for a return).
Or is the customer too mobile? Wish it was the 80's again with what I know now. Haha.

 

[Chuck2009x]

Beats me, but I don't see why not, if it's privately held and doesn't need to grow to satisfy the owners or shareholders.

A hotel operation would make it a more complicated proposition, but there must be tons of mom-and-pop outfits in Nevada that are basically slot/VP parlors, just like a lot of independent "convenience stores" where I live are really nothing more than lottery agents.

I would think the issue is, you do well enough, someone who's not independent eventually makes you an offer you can't refuse, and then changes everything.

 

[Travel Fanatic]

Could it, sure. But why? Its a nice idea to us because we are on the player side of this discussion. But the casinos are all in it to make as much money as they can, privately held or otherwise. So they will always try and find ways to take money from the players (with worse gambling rules being one example) until it becomes less profitable to do so.

 

[Rush]

Why does the ballpark charge $11.00 for a beer? Because they know people will pay it. Same as bad odds in the casino. You are going to play.

 

[bubbakitty]

That is my point. Take the savvy gambler + the "ignorant" gambler doesn't a profit follow? Binions was always a great deal as well as others. Then acceleration of expectations or something caused things to go haywire.
Guess I was thinking of a guy like Derrick Stephens (Stevens) having multiple properties and ridding most of his casinos of riff-raff by offering a gamblers spot.

 

[dmr]

So? Why not put this to the test? Do a GoFundMe (or whatever) and see how many co-investors you get!

 

[bubbakitty]

Gofundme. That is my attitude every time I wake up in Las Vegas. But then P.T. Barnum did mention something about birth rates being fairly swift. We will see.

 

[paperposter]

yes but its more than that ,people want shows meal niteclubs, so will u have a top niteclub and if i book a room there get free entrance before midnite perk stuff like that.
stuff young people also care about.
u need it all .

hot concert so tics packages if u book a room.

an ideal hotel is cross promotions. its marketing 101

thats why i think red dragon will have a problem luring gamblers away from the big boys that was the sls problem why shlep down there when u cant do better else where and alot more off it than a signgle propertie and they had a concert venue and a club but they never realy caught on.. its ur money and u want the most bang for ur bux

 

[xothan]

Ok. A casino with 10x odds on craps. Available 9/6 JoB; 8/5 bp; 10/7 ddb. Fair slots (you leave feeling valued). It has hotel rooms. Can it make it in vegas today? Is it in vegas today? Just wondered if a property was gambler friendly with odds/offers could they survive? If so where are they

Eh, I think MSS has 20x odds on Craps, 9/6 JoB, and 8/5 BP. (No idea about the DDB). So there you go!

 

[dmr]

yes but its more than that ,people want shows meal niteclubs, so will u have a top niteclub and if i book a room there get free entrance before midnite perk stuff like that.
stuff young people also care about.

Now if I were doing this (which I'm not!) I would say "forget" (as in the name of the CeeLo tune) the 20-bopper party crowd and go for those who see a lack of good gaming (and dining, kinda) in the Latest And Greatest (tm) resorts.

As for dining, I would do a basic buffet as a loss-leader (like what the Syndicate thought of 50 years ago to boost business) and a few no-nonsense things like a good independent coffee shop ("forget" yet another TGIF!) and a good independent higher-end place ("forget" all of the wannabe-foodie places too!).

 

[paperposter]

Now if I were doing this (which I'm not!) I would say "forget" (as in the name of the CeeLo tune) the 20-bopper party crowd and go for those who see a lack of good gaming (and dining, kinda) in the Latest And Greatest (tm) resorts.

As for dining, I would do a basic buffet as a loss-leader (like what the Syndicate thought of 50 years ago to boost business) and a few no-nonsense things like a good independent coffee shop ("forget" yet another TGIF!) and a good independent higher-end place ("forget" all of the wannabe-foodie places too!).

the buffet is out except for the older generation and there not the ones with the extra disposible income anymore. people are loking for the hiher end but casual dinner experince and they have the gambling and club and show money ,they buffet people are the ones with tighter more bang for ur bux crowd less likely to really gamlbe or shop or see higher stuff

 

[paperposter]

look at this cosmo isnt even that old and marque is a 2and tier club now. there reasturants and great locatiion and nice rooms are what keeping them relavante.it surly isnt there great gaming odds its the party atmisphere and location location and location and the fact thats its very modern hip and trendy just what mgm isnt or ceasars

 

[nostresshere]

If such a casino could make it today, somebody would have it. The gambling arena/market is way too complex.

 

[C0usineddie]

All of them were that way at some point so the real question should be why are they not like that now?

You cant just say they are greedy and leave it at that. They have always been motivated by money. They were probaby operating at higher profits years ago. That was the days before players club cards. Sure, you could get a free buffet but nowhere near as many people got comps then compared to now. Most people paid their way, bet their bankroll and went home hungover and broke.

So that leaves us with the main thing that has changed is us. We demand more freebies, comps, you name it. Everyone needs a free upgrade or comped this and that.

That stuff has to be paid for by someone.

 

[Electroguy563]

All of them were that way at some point so the real question should be why are they not like that now?
That stuff has to be paid for by someone.

Could it be because now there are casinos everywhere? At one time it was only Atlantic City and Vegas.

 

[TIMSPEED]

Ihmo, JANugget in sparks, did it for years, as a privately held family business...however, as posted above, someone made them an offer they couldn't refuse, and changed everything..but if Johns kids had of wanted it, they could have kept running it the same way (with good odds, cheap food, and good comps) and it would have continued to make them money.
However the amount of customers who come to Vegas looking for those things (a good gamble, good comps, and cheap food) maybe makes up like 1% of the customer base...the other 99% come to "vacation" and only care about being treated as such...so resorts have to be the "latest and greatest" to attract those dollars...hence they fleece that cost to the customer in the form of poor odds, poor comps and high food prices... (but that group doesn't care about those things one bit, so it's fine)
Reno is just as I described, stuck in the 90s, where the gambler was important.. but don't expect the latest and greatest anything...

 

[smerrian]

MSS, 4Qs, Red Rock (5x odds), GVR (5x odds), all Stations and Fiesta casinos (5x odds). The casinos are there, just not on the Strip. On the Strip they don't care because it's not a repeat crowd but rather a crowd that has little idea what they're doing. $10 on the 6 or 8? $5 horn?...only in Vegas do you see such stupid bets.

 

[leo21]

If other costs are in line, yeah, something like that could work. Gambling odds got worse for players the more the casinos had to pay debts for bad acquisitions and construction projects. They were able to make money before with attractive games and most of the things threatening profits now have nothing to do with the actual casino.