http://www.reviewjournal.com/busines...hield-lawsuits
This is a huge blow to Caesars Entertainment's plan to split off the best assets away from the main Caesars, and then have only the crap portions of the company declare bankruptcy.
Basically, a judge denied Caesars' request to shield it the parent company from lawsuits over the bankruptcy.
This could be the beginning of the end.
great news for fucking sanity and the capital markets...
cant wait to see these fuckers fry...
You know, I won't shed any tears for Caesars, but selfishly I hope they survive because they have the best rewards program, and I have become an expert on it.Originally Posted by GambleBotsChafedPenis
As I've said many times before, what's bad about Caesars is also what's good about Caesars.
I am honestly surprised that they haven't fucked up the seven starts shit...im not shitting you when I say this company has probably fucked up pretty much every decision humanly possible...
its run by a bunch of fucking morons who have no clue how to grow a business...they are just holding on and praying to god that shit is going to change and miraculously people will start coming to their shithole casinos because they are there...
might be different out in vegas, but it's that way in the most competitive market in the country, the east coast...I get that vegas is competitive, but vegas will always be vegas...people will always go out there even if they frequent their local casinos...in the east coast nowadays there is almost zero reason to leave your backyard if a casino is there...
Oh, they have fucked up Seven Stars, with one laughable fail or gaffe after another.
However, it still has the best guaranteed benefits of any rewards program out there. This, of course, isn't good for them. The word guaranteed is the key here, and it runs contradictory to the what-have-you-done-for-me-lately casino comps model (a model which is generally correct). In fact, it contradicts Caesars' own comp model, which is maddening for hosts who know a bonus whore when they see one, yet can do nothing to deny benefits to them.
They have also tightened their belts on offers/comps (not including the guaranteed benefits, which really only help the bonus whores), while companies like MGM, Wynn, and others are still much more generous.
So that also isn't helping. It's a vicious cycle. Tightening comps does cut down on expenses, but players also notice.
They still haven't retooled their own marketing computer to identify the reliably losing players with actual value, and separate them from both the bonus whores and the slowly-losing-video-poker-nits. They also don't understand their customer base well, and what that base actually wants and doesn't want.
And then of course, there's all the debt they took on several years ago, which is their biggest problem.
In recent years, the only thing they've done right is the WSOP, and they're doing that right from a marketing/business standpoint, but not really from an operations standpoint.
yup, that's their motto...if it's not nailed down (from an expense standpoint), cut the fuck outta it...its LOL bad to do that to comps (within reason) because you are asking people to take a ton of -EV decisions over and over and over again and take the pounding up the ass over and over and over again...why the hell am I gonna do that if i'm getting x% from you but somebody else is gonna offer me x+5 or x+10%...Oh, they have fucked up Seven Stars, with one laughable fail or gaffe after another.
However, it still has the best guaranteed benefits of any rewards program out there. This, of course, isn't good for them. The word guaranteed is the key here, and it runs contradictory to the what-have-you-done-for-me-lately casino comps model (a model which is generally correct). In fact, it contradicts Caesars' own comp model, which is maddening for hosts who know a bonus whore when they see one, yet can do nothing to deny benefits to them.
They have also tightened their belts on offers/comps (not including the guaranteed benefits, which really only help the bonus whores), while companies like MGM, Wynn, and others are still much more generous.
So that also isn't helping. It's a vicious cycle. Tightening comps does cut down on expenses, but players also notice.
They still haven't retooled their own marketing computer to identify the reliably losing players with actual value, and separate them from both the bonus whores and the slowly-losing-video-poker-nits. They also don't understand their customer base well, and what that base actually wants and doesn't want.
And then of course, there's all the debt they took on several years ago, which is their biggest problem.
In recent years, the only thing they've done right is the WSOP, and they're doing that right from a marketing/business standpoint, but not really from an operations standpoint.
fucking with 7 stars and diamonds is about the stupidest fucking thing you can do from a marketing standpoint...they should literally be sucking the dick of most 7 stars and diamonds...its the only chance they have of doing anything...like your restaurant example from awhile back...the fact that you as a 7* were 2 minutes late or whatever, it doesn't matter...you should be accommodated without question in that spot...the hostess was a fucking cunt for pulling the shit she did...she shoulda had her ass fucking fired on the spot...the fact that a front line employee doesn't know to very slightly bend a rule for a 7* is laughable...
agree with your take on IDing players...roulette degens should have the carpet rolled out for them...marketing is just so overwhelmed they don't have a prayer of segmenting like that...
the debt is the cause of the whole fucking thing...it all trickles down from there...they literally levered up at the top of their 2nd biggest market's top...
this company as its presently constituted will continue to struggle because they are pricing every decision to perfection...if they miss on anything it will fuck them in someway...and anybody who has been in any business for any sorta time knows that businesses don't run perfectly...there are always hiccups...trying to run a business perfectly is a recipe for disaster...
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