So should people stay with Harrah's because they offer the best deals OR because we feel sorry for their decreased business? It seems like you are arguing both points. Also, is it not possible that some portion of the decrease is due to macroeconomic factors, but also exacerbated by the corporate greed evidenced by decreased pay tables and increased non-gaming charges?
Hmmm....so when times are bad we should stick with Harrah's because when times were good they treated everyone soooo well with 6/5 blackjack, 7/5 VP, $200 rooms, and $30 buffets.
Your theory would be great in a socialist country, fortunately we live in a capitalist economy where it is encouraged to take the best deal. If we are all willing to put our neighbors out of work by purchasing foreign products that are better and cheaper why should we support an inferior casino of all things?
All this said, I believe casino operators with a long-term focus will offer even better marketing enticements to grab some market share off the floundering competition. I have personally noticed that while MGM and Harrah's offers have gotten significantly worse, Wynn offers have gotten much better. Specifically, I have historically found Bellagio offering me slightly better comps on comparable play than Wynn. Wynn seems to have gotten more aggresive with their offers. Wynn Q2 earnings in Las Vegas were down from $63 million in 2007 to $20 million in 2008, but their Macau earnings were up from $53 million to over $100 million. If you notice their stock has skyrocketed in July. MGM has also increased on takeover rumors.
In every economy there are winners and losers, personally I'll stick with the "Wynner" and let the Macau market subsidize my upcoming visit to Las Vegas by staying at the Wynn!
Enjoy your Kool-Aid Mr. Loveman!
···
--- On Thu, 7/24/08, Money Works <worksforthemoney@yahoo.com> wrote:
From: Money Works <worksforthemoney@yahoo.com>
Subject: Re: [vpFREE] Re: Harrah's to Give "Just Rewards" to Patrons
To: vpFREE@yahoogroups.com
Date: Thursday, July 24, 2008, 12:48 AM
I still believe Harrah's gives me more than any other casino. Air, room, cash in the mail, food vouchers and nice gifts to choose from. Everyone is cutting back in these hard times. Heck, I have cut down on what I spend on everyday living. Give Harrah's a break and see what happens when all the dust settles. I never expect comps just because I like to gamble so every comp is just a nice plus. If the pay offs and comps bother you, stay away. When times are good, comps are given freely. You have to expect lower comps when things aren't so good. I'll stay with Harrah's:)
--- On Wed, 7/23/08, mikeymic <mikeymic@yahoo. com> wrote:
From: mikeymic <mikeymic@yahoo. com>
Subject: [vpFREE] Re: Harrah's to Give "Just Rewards" to Patrons
To: vpFREE@yahoogroups. com
Date: Wednesday, July 23, 2008, 3:40 PM
--- In vpFREE@yahoogroups. com, "misselmonte2000" <connie@...> wrote:
Although I seldom post, I felt as a member of the Group this info
needed to be passed on.
I just came back from a 4 day trip to Harrah's, LV. I am a 7 Star
member of the Total Reward system and have been for several years.
My
host who appeared visibly upset, told me Friday evening after a
meeting held just before we met that:
1. Hosts would no longer have "discretionary" comping
privledges. "So, if I want to take a client out for dinner it has to
come out of their comps," she said. "How can I possibly do that!"
2. Comped newspapers, cookies, and "welcome baskets" effective
immediately would be cut.
3. "So, what am I anyway?" said the host. "I'm just a glorified
concierge!"
I was upset too, but being a lady of many years, (a nice way of
saying old), I tried to take in the information with a bit of
understanding. A person who used to having some "authority" within a
company has that authority taken away,it's bound to make that
someone
speak in anger.
4. Went to Total Rewards to order something from the 7* catelog.
There is no longer a Seven Star catelog. Gift cards are now
considered "Premium" gifts and are 100% more in Reward points than
they are worth. ie: A $250 card is "paid" with $500 in Total Reward
Points. Cash in the mail has been substituted for "An even better
program," said the clerk. "Now you get points for whatever you pay
for in any of our outlets and restaurants. " That made me
feel "special" and a bit put out.
In today's economic climate I can understand cut backs. I can
understand cost saving measures. So in return, I will follow by
example. Next time I book a room at Harrah's, LV I will cut my play
denomination by 75%. I will cut my play time by 95% (Since I'm
getting a free room, I feel I should play something.) I will then
hightail it to another casino and play my normal denomination and
give it 95% of my play.
I have been a loyal Harrah's customer. But I know I can get
better "deals" elsewhere.
MEM
You better check that out before burning your bridges with Harrahs.
Mind you, I don't recommend serious play at any of their properties.
But exactly where do you think in today's economy those deals are?
MGM-Mirage just devalued their point value (meaning more coin-in per
point), the Venetian has ravaged their VP inventory, even the Station
casinos have confusing promotion restrictions, etc etc etc
I encourage everyone to look at the total value of what you get on
your stay. If Harrahs provides transportation, travel cash, gift
cards or whatever and the competition does not then a free meal or
welcome basket isn't why you are playing there.
All of us miss the glorious past years of loyalty and excellent
service in return. But take the best you can get for now. Do not
assume the grass is greener elsewhere.
And if you find better pickings out there please let us know.
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