--- In vpFREE@yahoogroups.com, "worldbefree22001" <krajewski.sa@...>
wrote:
And there's the rub. If you did invest $17 million you'd
have exactly the opposite reaction to the original poster.
Not me. Of course I did not say I'd have dollar full pay deuces all
over my casino floor, too many people know how to play that game now
and the correct strategy is too simple. The problem is the game, not
the people who know how to play it. My job as a casino owner is to
find another game (and promotion) that brings in business yet
generates cash. It's really not that hard to think up possibilities.
If I needed to pay for ideas, I could contract with Dancer consulting.
http://www.compdance.com/dancer.shtml
Excluding law abiding customers willing to gamble is a losing business
model and bad for the industry as a whole.
When the organization's management told you they were
controlling costs to improve the bottom line you'd think
that was great.
Not at all. I'd want to know exactly how they are "controlling costs"
and I'd want to know why coin in and profits are dramatically down.
Anyone who tells me they're "controlling costs" by kicking out law
abiding customers is out. I control the games and I control the
promotions, if I'm not happy with the take, I change the rules.
Excluding customers in a down market is stupidity. Step one in any
business is to get customers, step two is to keep them, step three is
to extract money from them, but not at the expense of losing customers.
http://en.wikipedia.org/wiki/Loss_leader
These are corporations with a fiduciary
duty to their shareholders.
That's just Wall Street hype used to sell stock to the public. The
reality is that stocks are just a way to offload risk. It's the
capitalists (banks) who win. People think Warren Buffet made all his
money buying stocks, not true, he made all his money buying and then
running companies. Read "Liar's Poker" for the details.
This fantasy that we'd be
Benny Binion when our own money was at risk is just that.
If I wanted a safe place to park money, I'd put it in an offshore
account. If I wanted to get a return on my money, I'd invest it in a
business that I ran, like Buffet. Excluding customers is no way to run
a successful business. If I don't like the deal I get from Coke, I
don't exclude them, but I shop around, and see if I can get a better
deal from Pepsi, etc. If my advertised special on a gallon of milk was
too successful and I lost more money on the promotion than I expected,
I don't exclude everyone who took advantage of the promotion, instead
I change the rules and try a different promotion. Excluding law
abiding customers is no way to run a successful business, no
successful business has ever run that way.