--- In vpFREE@yahoogroups.com, "Bob Bartop" <bobbartop@...> wrote:
>
> --- In vpFREE@yahoogroups.com, "David" <d_richheimer@> wrote:
> >
> >
> > 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.
> >
>
>
> Very well said! Perceptive post!
>
Though not perceptive of the fact that the casino where Maloof made his fortune was the Fiesta, now the Fiesta Rancho---not the Palms. Those familiar with the Palms when it opened will remember that he imported some of the same methods that had made the Fiesta successful--such as a strong locals appeal. Over time, the Palms has moved from Fiesta-style value to drunken moron/little gals in black dresses appeal (though it always had elements of both). What Maloof never forgot, though, is that those deuces-pounding locals, not the $15 drink crowd, are the people who initially filled his wallet.
