[vpFREE] Jean Scott's Frugal Vegas LVA BLOG - 19 JAN 2011

 

Jean Scott's Frugal Vegas LVA BLOG - 19 JAN 2011

"Response to Comments"

http://jscott.lvablog.com/?p=947

<a href="http://jscott.lvablog.com/?p=947">
http://jscott.lvablog.com/?p=947</a>

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Re: [vpFREE] Re: Palms bingo cards

 

On Sun, 16 Jan 2011, ms. vpFREE3 wrote:
> According to the picture on the sign, the new cards do not have any
> suited straight flushes and are still worth $500 if completed. You can
> keep playing on your current card or get the revised one, but the stamps
> from the old card do not transfer to the new card.

I have one in front of me, and the new lineup is:

(1) royal flush
(2) straight flush
(2) 4 of a kind, aces
(2) 4 of a kind, kings
(1) 4 of a kind, queens
(1) 4 of a kind, jacks
(2) 4 of a kind, deuces
(2) any 4 of a kind
(3) full house
(3) flush
(4) 3 of a kind
(1) 2 pair

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Re: [vpFREE] Re: Is the Palms going to be taken over by Caesars Entertainment Corp.?

 

The Palms is behind in their mortgage. So anyone with big money can pick up the
mortgage and foreclose. Caesars will ruin the Palms; but the Moloofs don't have
deep enough pockets or friends in high places.

________________________________
From: mike <melbedewy1226@hotmail.com>
To: vpFREE@yahoogroups.com
Sent: Wed, January 19, 2011 12:53:00 PM
Subject: [vpFREE] Re: Is the Palms going to be taken over by Caesars
Entertainment Corp.?

 
http://www.youtube.com/watch?v=_T6bXYp-R9Q

--- In vpFREE@yahoogroups.com, "cb_ray" <cb_ray@...> wrote:
>
> Last night at Harrah's I was talking with someone with Caesars Entertainment
>Corp. about the rumor that I heard about them wanting to move the WSOP because
>they were trying to sell the Rio. I was told no they are looking at moving WSOP
>to PH so they would have more room. Then the kicker came out of my sources
>mouth. "Why would Caesars sell the Rio? Apollo Management (part owners of
>Caesars) is buying up the Palms debt so Caesars can take them over like they did
>with PH."
>
>
> Can anyone in the know confirm this?
>

[Non-text portions of this message have been removed]

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Re: [vpFREE] Re: Is the Palms going to be taken over by Caesars Entertainment Corp.?

 

That was so funny!!!! I'm still laughing!

--- On Wed, 1/19/11, mike <melbedewy1226@hotmail.com> wrote:

From: mike <melbedewy1226@hotmail.com>
Subject: [vpFREE] Re: Is the Palms going to be taken over by Caesars Entertainment Corp.?
To: vpFREE@yahoogroups.com
Date: Wednesday, January 19, 2011, 12:53 PM

 

http://www.youtube.com/watch?v=_T6bXYp-R9Q

--- In vpFREE@yahoogroups.com, "cb_ray" <cb_ray@...> wrote:

>

> Last night at Harrah's I was talking with someone with Caesars Entertainment Corp. about the rumor that I heard about them wanting to move the WSOP because they were trying to sell the Rio. I was told no they are looking at moving WSOP to PH so they would have more room. Then the kicker came out of my sources mouth. "Why would Caesars sell the Rio? Apollo Management (part owners of Caesars) is buying up the Palms debt so Caesars can take them over like they did with PH."

>

> Can anyone in the know confirm this?

>

[Non-text portions of this message have been removed]

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[vpFREE] Re: Is the Palms going to be taken over by Caesars Entertainment Corp.?

 

http://www.youtube.com/watch?v=_T6bXYp-R9Q

--- In vpFREE@yahoogroups.com, "cb_ray" <cb_ray@...> wrote:
>
> Last night at Harrah's I was talking with someone with Caesars Entertainment Corp. about the rumor that I heard about them wanting to move the WSOP because they were trying to sell the Rio. I was told no they are looking at moving WSOP to PH so they would have more room. Then the kicker came out of my sources mouth. "Why would Caesars sell the Rio? Apollo Management (part owners of Caesars) is buying up the Palms debt so Caesars can take them over like they did with PH."
>
> Can anyone in the know confirm this?
>

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[vpFREE] Re: Is the Palms going to be taken over by Caesars Entertainment Corp.?

 

I'm disappointed because Harrah's Reward program is not very rewarding in my book. I look at all of these companies getting bigger and bigger and remember how in the 80s wall street started buying up large companies and started gutting them for their assets. I can see it happening again in the next 4 years now it will play out in the casino world will be interesting to see, everything happens in cycles.

--- In vpFREE@yahoogroups.com, "vp_wiz" <harry.porter@...> wrote:
>
> Look, had the economy held to an even keel, the LBO was extremely rational. No doubt there were signs to give pause for concern, but I'm not going to question the strength of their particular crystal ball at the time. I find it quite likely that TPG/Apollo will be all smiles when everything comes out in the wash.
>
> Where I have my qualms about a Palms acquisition is that CE has a lousy track record when it comes to managing brand equity. Harrah's heavily "generic-ized" Caesars Palace to the extent that much of what once made it an elite property evaporated.
>
> Under Park Place, you felt the uniqueness of CP from the moment you stepped in the door. With Total Rewards, patrons in the check-in lines and on the gaming floor were largely indistinguishable from those over at Bally's.
>
> It's laughable, that only after trashing CP, Harrah's decided the "Caesars" brand was appealing enough to change monikers.
>
> I imagine that in going after Palms, the intent would be to give current management a free hand. But I think Caesars (nee Harrah's) is too ingrained in it's franchising practices to actually do that, and I look for the Palms identity to suffer just as was the case with CP.
>
> Unfortunately, the Palms brand equity is a much stronger factor in the success of the property and the consequence of it's dilution is likely to be pretty dismal.
>
>
>
> --- In vpFREE@yahoogroups.com, David Silvus <djsilvus@> wrote:
> >
> >
> > I've wondered that very thing. For companies built upon gaming, they sure seem to engage in the same rationalization they hope their customers make: you can't make any REAL money unless you risk REAL money, who cares if you really have it to lose or not.
> >
> > What's a few more zero place holders on the bankruptcy filing?
> >
> >
> >
> > To: vpFREE@yahoogroups.com
> > From: gleng4444@
> > Date: Wed, 19 Jan 2011 17:06:27 +0000
> > Subject: [vpFREE] Re: Is the Palms going to be taken over by Caesars Entertainment Corp.?
> >
> >
> >
> >
> >
> >
> > Way back when Steve Wynn and Donald Trump were competing for rights to build what ultimately became the Borgata in AC, Wynn reportedly said, "No one with a negative net worth (meaning "The Donald")should get a license to own a casino."
> >
> > Modern private-equity financing methods have largely mooted that point about owner solvency, but I do wonder if a company that can't even afford to finish its new Caesars Palace tower should try to add more Vegas casino properties in the current economic environment.
> >
> > The GMan
> > >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
> > --- In vpFREE@yahoogroups.com, "cb_ray" <cb_ray@> wrote:
> > > Last night at Harrah's I was talking with someone with Caesars Entertainment Corp. about the rumor that *****Caesars can take them over like they did with PH."
> >
> >
> >
> >
> >
> > [Non-text portions of this message have been removed]
> >
>

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[vpFREE] Re: Is the Palms going to be taken over by Caesars Entertainment Corp.?

 

Look, had the economy held to an even keel, the LBO was extremely rational. No doubt there were signs to give pause for concern, but I'm not going to question the strength of their particular crystal ball at the time. I find it quite likely that TPG/Apollo will be all smiles when everything comes out in the wash.

Where I have my qualms about a Palms acquisition is that CE has a lousy track record when it comes to managing brand equity. Harrah's heavily "generic-ized" Caesars Palace to the extent that much of what once made it an elite property evaporated.

Under Park Place, you felt the uniqueness of CP from the moment you stepped in the door. With Total Rewards, patrons in the check-in lines and on the gaming floor were largely indistinguishable from those over at Bally's.

It's laughable, that only after trashing CP, Harrah's decided the "Caesars" brand was appealing enough to change monikers.

I imagine that in going after Palms, the intent would be to give current management a free hand. But I think Caesars (nee Harrah's) is too ingrained in it's franchising practices to actually do that, and I look for the Palms identity to suffer just as was the case with CP.

Unfortunately, the Palms brand equity is a much stronger factor in the success of the property and the consequence of it's dilution is likely to be pretty dismal.

--- In vpFREE@yahoogroups.com, David Silvus <djsilvus@...> wrote:
>
>
> I've wondered that very thing. For companies built upon gaming, they sure seem to engage in the same rationalization they hope their customers make: you can't make any REAL money unless you risk REAL money, who cares if you really have it to lose or not.
>
> What's a few more zero place holders on the bankruptcy filing?
>
>
>
> To: vpFREE@yahoogroups.com
> From: gleng4444@...
> Date: Wed, 19 Jan 2011 17:06:27 +0000
> Subject: [vpFREE] Re: Is the Palms going to be taken over by Caesars Entertainment Corp.?
>
>
>
>
>
>
> Way back when Steve Wynn and Donald Trump were competing for rights to build what ultimately became the Borgata in AC, Wynn reportedly said, "No one with a negative net worth (meaning "The Donald")should get a license to own a casino."
>
> Modern private-equity financing methods have largely mooted that point about owner solvency, but I do wonder if a company that can't even afford to finish its new Caesars Palace tower should try to add more Vegas casino properties in the current economic environment.
>
> The GMan
> >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
> --- In vpFREE@yahoogroups.com, "cb_ray" <cb_ray@> wrote:
> > Last night at Harrah's I was talking with someone with Caesars Entertainment Corp. about the rumor that *****Caesars can take them over like they did with PH."
>
>
>
>
>
> [Non-text portions of this message have been removed]
>

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Re: [vpFREE] A Wise Choice: Caesars' Bet on Employees Pays Off

 

Now if Caesar's would do more for players.

________________________________
From: Rio <riosgambling@optonline.net>
To: vpFREE@yahoogroups.com
Sent: Wed, January 19, 2011 8:52:22 AM
Subject: [vpFREE] A Wise Choice: Caesars' Bet on Employees Pays Off

Thought some of you might find this of interest.

http://www.hospitalitynet.org/news/4049796.html

[Non-text portions of this message have been removed]

[Non-text portions of this message have been removed]

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[vpFREE] Re: Lake Tahoe

 

Sage Steakhouse at Harvey's is very good. We love Fridays Station at Harrah's because of the great view but I think the food at Sage is better. Kitchen 19 at Harvey's also has a great view. They do have a point multiplier one day a month for VP but I don't know what day it is in Feb. The 50 plays in the high limit room have BP and they give you bonus reward credits. Horizon has a movie theater. Sightseeing probably won't be great that time of the year but the skiing should be great if you are in to that. Check their website for entertainment.

Sylvia

[Non-text portions of this message have been removed]

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RE: [vpFREE] Re: Is the Palms going to be taken over by Caesars Entertainment Corp.?

I've wondered that very thing. For companies built upon gaming, they sure seem to engage in the same rationalization they hope their customers make: you can't make any REAL money unless you risk REAL money, who cares if you really have it to lose or not.

What's a few more zero place holders on the bankruptcy filing?


To: vpFREE@yahoogroups.com
From: gleng4444@comcast.net
Date: Wed, 19 Jan 2011 17:06:27 +0000
Subject: [vpFREE] Re: Is the Palms going to be taken over by Caesars Entertainment Corp.?


Way back when Steve Wynn and Donald Trump were competing for rights to build what ultimately became the Borgata in AC, Wynn reportedly said, "No one with a negative net worth (meaning "The Donald")should get a license to own a casino."

Modern private-equity financing methods have largely mooted that point about owner solvency, but I do wonder if a company that can't even afford to finish its new Caesars Palace tower should try to add more Vegas casino properties in the current economic environment.

The GMan
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
--- In vpFREE@yahoogroups.com, "cb_ray" <cb_ray@...> wrote:
> Last night at Harrah's I was talking with someone with Caesars Entertainment Corp. about the rumor that *****Caesars can take them over like they did with PH."

[Non-text portions of this message have been removed]

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[vpFREE] Re: Is the Palms going to be taken over by Caesars Entertainment Corp.?

 

Way back when Steve Wynn and Donald Trump were competing for rights to build what ultimately became the Borgata in AC, Wynn reportedly said, "No one with a negative net worth (meaning "The Donald")should get a license to own a casino."

Modern private-equity financing methods have largely mooted that point about owner solvency, but I do wonder if a company that can't even afford to finish its new Caesars Palace tower should try to add more Vegas casino properties in the current economic environment.

The GMan
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
--- In vpFREE@yahoogroups.com, "cb_ray" <cb_ray@...> wrote:
> Last night at Harrah's I was talking with someone with Caesars Entertainment Corp. about the rumor that *****Caesars can take them over like they did with PH."

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[vpFREE] A Wise Choice: Caesars' Bet on Employees Pays Off

 



Thought some of you might find this of interest.

http://www.hospitalitynet.org/news/4049796.html

[Non-text portions of this message have been removed]

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[vpFREE] LVRJ: Casinos cautioned to restrict access to player card information

 

LVRJ: Casinos cautioned to restrict access to player card information

http://www.lvrj.com/business/casinos-cautioned-to-restrict-access-to-player-card-information-114193164.html

or

http://tinyurl.com/5w32tts

<a href="http://tinyurl.com/5w32tts">
http://tinyurl.com/5w32tts</a>

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and doesn't constitute an endorsement or approval
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