Re: [vpFREE] Re: Nevada Gaming Abstract from Gaming Control Board

 


> Casinos overall losing money BEFORE taxes is really something to me!
>
"Owning a casino is a license to print money" is a folk truism that collapses in the harsh light of reality, which is that legal gaming is a capital-intensive, brutally competitive industry -- perhaps one of the most competitive on earth. That little blue slip of paper on the cage wall does not guarantee any profits, especially in 2013 with legal gaming seemingly everywhere,

It seems more than a few operators are due to learn this the hard way.

TC

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[vpFREE] Re: Nevada Gaming Abstract from Gaming Control Board

 

Thanks for the second effort to get the link embedded - it really is an interesting article.

Casinos overall losing money BEFORE taxes is really something to me! Add in the 7.8% in taxes and gambling fees on their gambling revenue, and you're left to conclude that they'll go out of business unless they offset all this with their non-gambling revenue. Question in my mind is, are they doing that?

I would think they could make good money on their non-gambling activities IF they don't need to count all the comps as an expense in that part of their income. If they count it as an expense in the gambling sector of their accounting, and especially if they're allowed to expense it at the full retail value, I can start to see how they can lose money and still not suffer a real loss - it would be more on-paper type losses.

Who knows, with all the accounting tricks that businesses in general have, and with all the strange ways that casinos might account for their gambling revenues and expenses.

I always thought that any casino that lost money was either grossly mismanaged (and certainly many must be!) or something crooked was going on (which may still be possible too).

--BG
================

> __________________________________________________________
> 10b. Nevada Gaming Abstract from Gaming Control Board
>     >
> Sorry, I can't seem to get the fancy HTML
> editor to work.
>
>
> http://gaming.nv.gov/modules/showdocument.aspx?documentid=7547
>

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Re: [vpFREE] Palms - annoying screamers

 

Dagnabbit -- you gull-dratted whippersnappers have to gab so dang loud?
Can barely hear my stories on the teevee.

Sent from TC's iPad

On Jan 23, 2013, at 5:39 PM, "Nathan O. Roemer" public@soundmessage.com> wrote:

> Yeah…I've thought this for awhile. This forum is like Facebook drama for old people. LOL.
>
> On 23 Jan 2013, at 16:51, Nikki wrote:
>
>>
>>
>>> Between this and the extended Medicare discussion, some folks might start
>>> thinking there's nothing but elderly curmudgeons posting here.
>>>
>>> [Non-text portions of this message have been removed]
>>>
>>
>> Best line I've read on here to date!! LMBO
>>
>>
>
>
>
> [Non-text portions of this message have been removed]
>
>
>
> ------------------------------------
>
> vpFREE Links: http://www.west-point.org/users/usma1955/20228/V/Links.htm
>
> Yahoo! Groups Links
>
>
>

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Re: [vpFREE] Palms - annoying screamers

Yeah…I've thought this for awhile. This forum is like Facebook drama for old people. LOL.

On 23 Jan 2013, at 16:51, Nikki wrote:

>
>
> > Between this and the extended Medicare discussion, some folks might start
> > thinking there's nothing but elderly curmudgeons posting here.
> >
> > [Non-text portions of this message have been removed]
> >
>
> Best line I've read on here to date!! LMBO
>
>



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



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[vpFREE] Re: Palms - annoying screamers

 



> Between this and the extended Medicare discussion, some folks might start
> thinking there's nothing but elderly curmudgeons posting here.
>
> [Non-text portions of this message have been removed]
>

Best line I've read on here to date!! LMBO

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Re: [vpFREE] Just to Satisfy You

 

You've got some of us worried about you. Do you have someone you can call? If not, you can call me (PM for #).

What has it come to, this sensible life?

On Jan 23, 2013, at 11:08 AM, "Mickey" mickeycrimm@yahoo.com> wrote:

> "Someone's gonna get hurt before you're through
> Someone's gonna pay for the things you do
> You're gonna find when it's to late
> A heart just won't break just to satisfy you
> Just to statisfy you"
> Waylon Jennings
>
> Sorry folks. I've been sober for a month and a half. I've got way too much blood in my alcohol stream. It's time for a running drunk. You're all invited to one of my favorite watering holes today. The Gold Bar in Helena. Come on up and watch Mickey talk loud and draw a crowd. I ain't leavin' the joint until closin' time or they throw me out--one of the two. Gonna play a little Waylon Jennings on the jukebox too. Have a nice day, follks. I know I'm going too.
>
>

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Re: [vpFREE] Harrah's

 

Cherokee has 9/6 JOB, 8/5 BP, 9/6 BDlx, and NSUD, but they're all $5+ games. They may also have others like DB and aces/faces, but I've never checked or played them.

________________________________
From: Clinton House hpof6@sbcglobal.net>
To: vpFREE vpFREE@yahoogroups.com>
Sent: Wednesday, January 23, 2013 10:28 AM
Subject: [vpFREE] Harrah's


 
Will be traveling in the next month or two to Harrah's Tunica, Louisiana Downs and Cherokee.  Is there any full pay at any of these?  Thanks.

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[vpFREE] Nevada Gaming Abstract from Gaming Control Board

 
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[vpFREE] Nevada Gaming Abstract from Gaming Control Board

 
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[vpFREE] Just to Satisfy You

 

"Someone's gonna get hurt before you're through
Someone's gonna pay for the things you do
You're gonna find when it's to late
A heart just won't break just to satisfy you
Just to statisfy you"
Waylon Jennings

Sorry folks. I've been sober for a month and a half. I've got way too much blood in my alcohol stream. It's time for a running drunk. You're all invited to one of my favorite watering holes today. The Gold Bar in Helena. Come on up and watch Mickey talk loud and draw a crowd. I ain't leavin' the joint until closin' time or they throw me out--one of the two. Gonna play a little Waylon Jennings on the jukebox too. Have a nice day, follks. I know I'm going too.

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[vpFREE] Re: LVSun: A new look for Terrible’s: A $7 million, 18-month renovation revealed

 



--- In vpFREE@yahoogroups.com, vpFREE Administrator wrote:
>
> LVSun: A new look for Terrible's: A $7 million, 18-month renovation revealed
>
> http://www.vegasinc.com/news/2013/jan/22/new-look-terribles-7-million-18-month-renovation-r/
>
> or
>
> http://tinyurl.com/asgedh9
>
>
> *************************************************
> This link is posted for informational purposes
> and doesn't constitute an endorsement or approval
> of the linked article's content by vpFREE. Any
> discussion of the article must be done in
> accordance with vpFREE's rules and policies.
> *************************************************
>
From my stay in October:
1. The place was packed on Fri/Sat nights-but smoke filled.
2. Rooms are great and easy to get to from parking lot/garage.
3. Slots pay well.
4. Coffee shop has some of LV's best deals.
5. Buffet sucks.
6. Very good security.
7. Pool area is extremely nice with a Jacuzzi. But pool is completely unheated.
8. Upstairs there are 10/7 DB games which are marked and easy to find.
9. Palms is right down the street as is Gold Coast. Easy to get to by bus-no transfer- even without a car.
10. They have an aiport shuttle.

Overall a nice, if smokey, experience.

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Re: [vpFREE] Re: Harrah's

 

That sucks, guess we'll drive to the Horseshoe.  Thanks.

--- On Wed, 1/23/13, Peter bornloser1537@yahoo.com> wrote:

From: Peter bornloser1537@yahoo.com>
Subject: [vpFREE] Re: Harrah's
To: vpFREE@yahoogroups.com
Date: Wednesday, January 23, 2013, 10:44 AM

 

There is no VP at Louisiana Downs in Bossier City/Shreveport (it is a Racino). There is some FP VP at Horseshoe (not far from Louisiana Downs).

..... bl

--- In vpFREE@yahoogroups.com, Clinton House wrote:
>
> Will be traveling in the next month or two to Harrah's Tunica, Louisiana Downs and Cherokee.  Is there any full pay at any of these?  Thanks.

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

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[vpFREE] Re: Harrah's

 

There is no VP at Louisiana Downs in Bossier City/Shreveport (it is a Racino). There is some FP VP at Horseshoe (not far from Louisiana Downs).

..... bl

--- In vpFREE@yahoogroups.com, Clinton House wrote:
>
> Will be traveling in the next month or two to Harrah's Tunica, Louisiana Downs and Cherokee.  Is there any full pay at any of these?  Thanks.

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[vpFREE] Harrah's

 

Will be traveling in the next month or two to Harrah's Tunica, Louisiana Downs and Cherokee.  Is there any full pay at any of these?  Thanks.

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

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