Poker is a necessary annoyance for casino executives.

[SellingtheDrama]

It's pretty much a standard corporate attitude to be absolutely focused on maximizing income - and the time periods measured have gone from multi-year to month-to-month (and less).

This means squeeze every penny *now* out of each customer. Instead of building the long-term relationship and taking significantly more over decades (even if you NPV-adjust, this is probably true).

I personally am not a big fan of the corporate attitude - I got trained to think that way in school, but thank god I didn't go that route...I knew it wasn't for me. I still wish I had Al's eloquence for expressing it.

[TripleH68]

[ QUOTE ]
Somebody knows that if the rake were high enough, say like 20% to $500, no one would ever be able to beat poker and the casino would get all the money. That's the underlying problem with these disneyland corporations, they want ALL their customers money. They're not satisfied with a tidy profit, they want ridiculously enourmous profits.

[/ QUOTE ]

MGM

Harrah's

Sands

[nineinchal]

[ QUOTE ]
[ QUOTE ]
Somebody knows that if the rake were high enough, say like 20% to $500, no one would ever be able to beat poker and the casino would get all the money. That's the underlying problem with these disneyland corporations, they want ALL their customers money. They're not satisfied with a tidy profit, they want ridiculously enourmous profits.

[/ QUOTE ]

MGM

Harrah's

Sands

[/ QUOTE ]

Nice work, remember those numbers are in thousands, so ya gotta add three zeros at the end. Those net income figures are in hundreds of millions.Bugsy Seigel and Meyer Lansky would be proud.

nineinchal, CPA