There are many many examples of casino management doing things that don't make sense. (Does anyone remember what happened to the Barbary Coast?). For some strange reason, it often seems that guys that run casinos know very little about their business.
And of course the good folks running Caesars these days are not even casino guys. They are private equity guys whose knowledge about the casino business begins and ends with what is on a balance sheet.
If Frank's contest weren't already over, I would submit the glut of casino insolvencies in the past few years as an ironic example of what can happen when those who offer games of chance ignore the effect of randomness in their business models.
> And if they want to turn the Palms into a clone of Harrahs Vegas properties...why bother? Doesn't make sense to me.
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