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From: Double Down Now! on 28 Jul 2010 22:41
http://www.cnbc.com/id/15840232?video=1553809323&play=1
From: Chef Kurt on 28 Jul 2010 23:37
On Jul 28, 7:41 pm, "Double Down Now!" <double.down....(a)hotmail.com>
wrote:
> http://www.cnbc.com/id/15840232?video=1553809323&play=1

He didn't have a lot to say that we didn't already know, but I enjoyed
the video and glad you posted it. Now...if I were Phil, I'd turn TI
into a casino with good VP, better slot odds and table games returned
to playability. If he did that, he could command higher prices for his
hotel rooms and fill them up. He needs to make the customer want to
stay there, and by being the best on the strip, I truly think he could
do that. It's all about volume, customer service, ...and of
course...money.
From: Rob Taylor on 29 Jul 2010 14:24
On Jul 28, 8:37 pm, Chef Kurt <k...(a)kurtopia.net> wrote:
> Now...if I were Phil, I'd turn TI
> into a casino with good VP, better slot odds and table games returned
> to playability. If he did that, he could command higher prices for his
> hotel rooms and fill them up.

Well, except he'd have to be stingier on the room comps. This isn't
downtown we're discussing.

The fact of the matter is: look at MGM and Harrah's, who have all the
mid-level casinos on the strip comparable to TI as properties. Is
their play particularly good? No. They still get people coming back,
though, so it doesn't HAVE to be good. It's been told to me by a pro
that Harrah's considers Vegas a "captive market", and that they can
water down the gambling here FAR more than they can at non-Vegas
properties. People are coming to Vegas because it's VEGAS!!!!, not
because there's 9/6 JOB or all the 21 is double-deck 3/2 payout on
naturals. As such, Harrah's has much more liberty to hose the gambler
here with crappy rules and paytables than when they compete with an
Indian casino 30 miles away. Ruffin certainly has noticed this, and I
would expect TI to be similar going forward- an aging midlevel place
comparable to Harrah's, Monte Carlo, Bally's.

My gut tells me that Phil's going to minimally invest in TI's
infrastructure and wait to sell for a while (assuming he doesn't kick
the bucket before then, in which case, I'd bet his estate waits to
sell a bit, too)- in 5-10-15 years Vegas will be doing better and will
be able to start taking more high-rollers, and realistically, look at
TI compared to Venatian/Palazzo, Trump, Wynn/Encore, even Mirage, and
look at where it is positioned- the best and highest use for that
property is to tear down TI and build another uber-resort. You just
want to make sure whoever you sell it to is convinced this will be
another case of replacing the Desert Inn with Venetian and Palazzo,
and not another case of replacing the Stardust with Echelon (or in
this case, NOT replacing it). Timing is everything.

In the meantime, he'll enjoy the $ from the midlevel customers TI
appeals to, and milk that cash cow for a good long while.

Rob "Fancypants" Taylor
From: Las Vegas Don on 29 Jul 2010 14:49
On Jul 29, 12:24 pm, Rob Taylor <robta...(a)gmail.com> wrote:
> On Jul 28, 8:37 pm, Chef Kurt <k...(a)kurtopia.net> wrote:
>
> > Now...if I were Phil, I'd turn TI
> > into a casino with good VP, better slot odds and table games returned
> > to playability. If he did that, he could command higher prices for his
> > hotel rooms and fill them up.
>
> Well, except he'd have to be stingier on the room comps. This isn't
> downtown we're discussing.
>
> The fact of the matter is: look at MGM and Harrah's, who have all the
> mid-level casinos on the strip comparable to TI as properties. Is
> their play particularly good? No. They still get people coming back,
> though, so it doesn't HAVE to be good. It's been told to me by a pro
> that Harrah's considers Vegas a "captive market", and that they can
> water down the gambling here FAR more than they can at non-Vegas
> properties. People are coming to Vegas because it's VEGAS!!!!, not
> because there's 9/6 JOB or all the 21 is double-deck 3/2 payout on
> naturals. As such, Harrah's has much more liberty to hose the gambler
> here with crappy rules and paytables than when they compete with an
> Indian casino 30 miles away. Ruffin certainly has noticed this, and I
> would expect TI to be similar going forward- an aging midlevel place
> comparable to Harrah's, Monte Carlo, Bally's.
>
> My gut tells me that Phil's going to minimally invest in TI's
> infrastructure and wait to sell for a while (assuming he doesn't kick
> the bucket before then, in which case, I'd bet his estate waits to
> sell a bit, too)- in 5-10-15 years Vegas will be doing better and will
> be able to start taking more high-rollers, and realistically, look at
> TI compared to Venatian/Palazzo, Trump, Wynn/Encore, even Mirage, and
> look at where it is positioned- the best and highest use for that
> property is to tear down TI and build another uber-resort. You just
> want to make sure whoever you sell it to is convinced this will be
> another case of replacing the Desert Inn with Venetian and Palazzo,
> and not another case of replacing the Stardust with Echelon (or in
> this case, NOT replacing it). Timing is everything.
>
> In the meantime, he'll enjoy the $ from the midlevel customers TI
> appeals to, and milk that cash cow for a good long while.
>
> Rob "Fancypants" Taylor

GREAT POST! Except the jobs are usually 5-1, 6-2, 6-3, 11-7, 2-10,
3-11, 4-12m with a one hour paid break with free food in the employee
dining room.

Sorry, just thought I'd toss that totally freakin useless info into
the mill.

Don
From: NomenNeisco on 29 Jul 2010 15:33
On 7/29/2010 2:49 PM, Las Vegas Don wrote:

> GREAT POST! Except the jobs are usually 5-1, 6-2, 6-3, 11-7, 2-10,
> 3-11, 4-12m with a one hour paid break with free food in the employee
> dining room.
>
> Sorry, just thought I'd toss that totally freakin useless info into
> the mill.
>
> Don

says a man who never worked
for Phil Ruffin and never
worked for a casino so he has
no idea of employee hours
besides
all your info is freakin
useless

freakin useless dem bones
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