--- In vpFREE@yahoogroups.com, "derangedmutant040925" <derangedmutant040925@...> wrote:
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>
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> --- In vpFREE@yahoogroups.com, gmblnmn <nktalbrch@> wrote:
> >
> > Yes, I think the herds of trendy, inebriated youngsters do have enough
> > money. You don't think they make money from the FPDW players, do you
> > really?
> >
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> Yes, they do. Absolutely. Maloof understands this. The bright-eyed young Turks with MBAs and not a single functioning brain cell don't. Maloof built his fortune with a casino full of FPDW. At one time, there were over 120 .25 FPDW in his casino (the Fiesta Rancho). Yet, he made money--lots of it...
The Palms is basically an inexpensive casino located on what was cheap land off the strip. The genius of Maloof was combining a local's casino with a "happening" resort for the young and trendy. Other than good VP tables, loose slots and good restaurants, the Palms is not ideal locals joint because of less than stellar casino furnishings and way too loud music.
I believe that Maloof realized that an active and crowded casino was part of the mix attracting the young, beautiful and hip. When the casino floor is less crowded and the young and hip decide the joint is becoming dead and passé, the bean-counters running the place will remain clueless as to why they contributed to the decline of the trendy crowd's business. While Maloof can tell them, "I told you so", the trendy business is hard to recapture once lost.
