vpFREE2 Forums

Harrah's

#1

I am a cost accountant by profession and would not run Harrah's the way it
is run if I was their CFO!
At the E. Chicago Harrah's they just put in eight 25c machines with full
pay games as the only competitive VP in their house. All their VP including
these are 2/3 or more empty on weekends and worse during the week. One mile
down the road is the Majestic Star (Same person owns the three Fitzgeralds
casinos.) on which 100% of the IGT and LED product have at least one game
as good as 9-6 jacks and many have several better games. (This is true all
the way down to 1c-100 play which has 9-6 BPD.) For some reason the only
bank that is not hard to get a seat on the weekend is their absolute best
which is a $1 progressive which includes a 99.98% base game and two other
games just over 99.80% at reset. In the Chicago Area, the average player is
not anywhere near as skilled as the people in this group. On occasion
careless slot techs have let me see the records on the machine. The average
play is about 3% worse than optimum in my market. On the same dock as the
Majestic is Trump and he has 5 nickel, 50+ 25c and 30+ $1 games that are
basically the same as the eight 25c Harrah's product. Because of their
cashback and comp rules, I consider them to be worse than the Majestic Star.

Hint to Harrah's: 3.5% of a handle twice as large as 5% of the smaller
handle is 40% more profitable.

ยทยทยท

[Original Message]
From: Victoria Rosado <ros4144@yahoo.com>
To: <vpFREE@yahoogroups.com>
Date: 8/6/2004 2:35:46 PM
Subject: [vpFREE] Re: Harrah's

DEATH TO HARRAH'S

If you hunger for the worst games and odds within your market, go to
Harrah's. If you want to test your act with bad rules and an overly
sweaty pit, play blackjack at Harrah's.
If you check a dealer's forum, you will find that most of their
complaints come from Harrah employees.
If you are fall down drunk but loosing a fortune in Harrah's Vegas
Horseshoe, they will ply you with more drinks, take your money, get
their wrist slapped and run their lying responsible gambling
commercial on tv.(check the BJ21 website)
If you want to go to a casino where every aspect of it is run by
cost accountants figuring out how to get the last penny out of it,
by all means go to Harrah's.
If for some odd reason you get the feeling that I am not a fan of
Harrah's, please note that it is my understanding that they do offer
some attractive mailers to their customers.

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#2

--- In vpFREE@yahoogroups.com, "Howard Stern" <howard.w.stern@e...>
wrote:

I am a cost accountant by profession and would not run Harrah's

the way it

is run if I was their CFO!

Absolutely no disrespect meant here; The following URL shows HET
stock performance over the last 5 years.

http://finance.yahoo.com/q/bc?t=5y&s=HET&l=on&z=m&q=l&c=&c=%
5EGSPC&c=%5EIXIC&c=%5EDJI

Long and short, had you bought this stock 5 years ago you would have
doubled your money and far outperformed the NASD, DOW or S&P. I
sense they know how to run their business pretty well and their CFO
is probably a smart person. Their strategy is driven by a very good
marketing dept and it work well enough so that they are exanding.
Does not mean sophisticated grumblers -- I mean gamblers :wink: -- will
like them.

#3

--- In vpFREE@yahoogroups.com, "worldbefree22001"
<krajewski.sa@p...> wrote:

--- In vpFREE@yahoogroups.com, "Howard Stern"

<howard.w.stern@e...>

wrote:
> I am a cost accountant by profession and would not run Harrah's
the way it
> is run if I was their CFO!

Absolutely no disrespect meant here; The following URL shows HET
stock performance over the last 5 years.

http://finance.yahoo.com/q/bc?t=5y&s=HET&l=on&z=m&q=l&c=&c=%
5EGSPC&c=%5EIXIC&c=%5EDJI

Long and short, had you bought this stock 5 years ago you would

have

doubled your money and far outperformed the NASD, DOW or S&P. I
sense they know how to run their business pretty well and their

CFO

is probably a smart person. Their strategy is driven by a very

good

marketing dept and it work well enough so that they are exanding.
Does not mean sophisticated grumblers -- I mean gamblers :wink: --

will

like them.

I absolutely agree with the fact that their upper management knows
how to make money for the corporation, giving them the boost to
their stock and the ability to expand. Unless you are a stockholder
though, that means little to you.
Where I must disagree with you is when you say gamblers will like
them. If you mean someone who gambles on their stocks, then yes I
agree but if you mean a sophisticated gambler within a casino, then
I strongly disagree. The sophisticated table game player will not
play at Harrah's because there is hopefully much better games in the
area and more and more the VP player is realizing that they are
slowly replacing decent games with their usual fare. What they
might do is give Harrah's enough play to get their mailers for free
trips and tournaments, and then do most of their serious playing at
another casino.
Yes, their upper management is very good, but not good for us.
Victoria

#4

snip ....

"I must disagree with you is when you say gamblers will like
them."

Hi Victoria,

I think I did a poor job of expressing myself because I agree with
you. The sentance, "Does not mean sophisticated grumblers -- I mean
gamblers -- :wink: will like them." Was meant as a bit of a joke and
clearly many gamblers will not like Harrah's and that's one of the
reasons they are a successful corporation.