Re: the real truth on harrahs rake increases
[ QUOTE ]
Imagine you went to a bar that you normally enjoyed. Only today, drink prices were jacked up, and the place was dead. You went back a few more times to see if things changed, but everything was still expensive and not much fun. Pretty safe to say you'd quit going to that bar, right? It's likely that if enough people felt the same way, that bar would go out of business.
[/ QUOTE ]
Imagine that this same bar is located in a hotel that caters to traveling businessmen. Do you care that the drinks cost $1 more than your bar at home? No, you expect to pay more because it is a very nice hotel with hot women wandering around the area. Do you care that the locals go elsewhere? Not at all, after all, you will be gone in two days. Besides you have more in common with the fellow business patrons than the rude locals anyway. In fact you might even prefer to pay extra for the better environment and tell all your fellow business friends they should stay at this same hotel when they visit as well.
Pretty soon this bar is so crowded they raise the prices even more, all the better, now only well heeled people will be hanging out with you, better company = more value.
Jimbo
|