Hand pays = comps disappearing ?

[olds442jetaway]

I think someone posted about this before, but I can't remember the title of the post. Got my first hand pay in a long time last week for 1600-. I regularly check the casino web site to keep an eye on comp room dates popping up. There were probably 20-25 available last week in total for the rest of July, August, Sept., and October. I just checked this morning and there was only 1!!!. When I went to book that one on line, it said only suites were available at a cost. Called vip and managed to get a regular comp room for that 1 date in August. Luckily, I had already booked a few before the above disappearing act. Curious if others have similar stories of disappearing comp rooms or related like free play, dining or gas credits etc. I don't want to hear from anyone that casino's aren't superstitious too....

[DaBurglar]

good post olds....I know that I raised this issue in a couple of posts the last 2 months or so, and several other people commented on this same topic.Yes, casinos are scaling back on many of the things that used to be comped, a sign that the industry as a whole (or "hole") is undergoing traumatic stress in attempts to recalibrate its profit model.Its all pretty obvious, the glut of gambling options, combined with a stagnant economy going on 7 years now, plus the increasing income divide in which more and more wealth is concentrated in fewer and fewer hands, is bad news for casinos....ironically, these casinos are responsible (in part) for the concentration of wealth, since casinos suck in the disposable income of the surrounding, and beyond, people who visit, while doing proportionately FAR LESS in terms of redistributing (or reinvesting) that income BACK into the overall economy,Right now, the only real place where a few of the bigger casino leviathans are showing any real profit and growth is overseas in Southeast asia, and sadly, given the ineptitude of the US government to collect revenue in the form of taxes to balance its prolific, profligate spending, the money made in these markets benefits the US as a whole (or "hole") very little.  All its doing is making Sheldon Adelson and Steve Wynn a filthier level of filthy rich....and how much can two old farts really spend on the things that will get the economy moving again?

[BillyJoe]

For me, as a 7Star (CET) and NOIR MGM), rooms are never an issue. There does appear to be more pressure on the hosts with regard to other comps, however. What used to be 'automatic' now takes some requesting ahead of time to make sure that things are covered. This is especially true in the Vegas and AC markets, less so in smaller markets like Biloxi and Tunica.

[FloridaPhil]

I think the reason you see fewer hand pays is because so many players have moved down in denomination.  With the odds dropping like they are, it makes sense. 

[olds442jetaway]

DB got some key words right here. This is still the best country to live in imo, but ineptitude, spending, hole, US. Govt, etc. etc. come to mind. I rarely get involved in political discussions lets just say I'm a couple of hundred yards to the right of center and the word progressive is not in my vocabulary.

[Tedlark]

  O.K., who's up for a junket to Macau?    DaBurglar you erred when you mention that casinos suck in disposable income of the surrounding. I can only imagine that Atlantic City sees the same surge at the beginning of the month that the casinos in: Gary, East Chicago, and Hammond Indiana; Joliet, Elgin, and Aurora, Illinois; Tunica, Mississippi, the list goes on. This surge is from the social security and other government subsistance money that is delivered at the beginning of the month and I doubt very much of this money would be considered disposable income.    Last time I checked, it was by my own free will that I walked into a casino. Nobody forced me in.    Why would profits made outside of US borders by a foreign company be expected to benefit the US?

[DaBurglar]

  O.K., who's up for a junket to Macau?    DaBurglar you erred when you mention that casinos suck in disposable income of the surrounding. I can only imagine that Atlantic City sees the same surge at the beginning of the month that the casinos in: Gary, East Chicago, and Hammond Indiana; Joliet, Elgin, and Aurora, Illinois; Tunica, Mississippi, the list goes on. This surge is from the social security and other government subsistance money that is delivered at the beginning of the month and I doubt very much of this money would be considered disposable income.    Last time I checked, it was by my own free will that I walked into a casino. Nobody forced me in.    Why would profits made outside of US borders by a foreign company be expected to benefit the US? Why dont you do this, simply type the words "Disposable Income" into Google and see what DEFINITONS come up......once you do that, you will see that things like SOCIAL SECURITY and Government Subsistence, along with just about EVERYTHING ELSE a person has that is in the form of CASH that can be spent, qualifies........unbelievable. And Companies LIKE Wynn Gaming,  and Sheldon Adelson's Corporation, which are AMERICAN, pay taxes to the US government on ANY and ALL business/income done EVERYWHERE around the world....."foreign companies" have nothing to do with any of this.

[Tedlark]

DaBurglar I'm pretty certain that Adelson's foreign gaming concerns are set up individually from his domestic gaming concerns.

Welcome back to the forum, now explain to me more about your take on disposable income and it's importance to the Colonists during the reign if King George in 1771.

[DaBurglar]

DaBurglar I'm pretty certain that Adelson's foreign gaming concerns are set up individually from his domestic gaming concerns.

Welcome back to the forum, now explain to me more about your take on disposable income and it's importance to the Colonists during the reign if King George in 1771.Why dont you enroll in some history, and economics classes online instead of stalking me here?   Your need is obvious.....You are pretty certain huh?  based on what?  where's the evidence?  What "Foreign Gaming concerns?"     And why on earth would he do that (not to mention HOW???)

[BillyJoe]

[QUOTE=Tedlark] DaBurglar I'm pretty certain that Adelson's foreign gaming concerns are set up individually from his domestic gaming concerns.

Welcome back to the forum, now explain to me more about your take on disposable income and it's importance to the Colonists during the reign if King George in 1771.Why dont you enroll in some history, and economics classes online instead of stalking me here?   Your need is obvious.....You are pretty certain huh?  based on what?  where's the evidence?  What "Foreign Gaming concerns?"     And why on earth would he do that (not to mention HOW???)[/QUOTE]
Sands China Ltd, which owns all of Adelson's Macau interests, is a publically traded company on the HONG KONG stock exchange, as a subsidiary of Las Vegas Sands Corp, which is on the NYSE. The "Articles of Association" lists the Company Office as the Cayman Islands.

Per their 2013 Annual Report, on profits of $2.2B (in US dollars, based on the exchange rate at the time), they paid $1.9M (US) in income taxes. Do the math for their tax rate.    

Dang facts...