Imagine that casino comps traded on an open market with buyers and sellers offering bid/ask prices. How would you value in US currency (cash) comps from casinos?
For example, would you value $1 of casino comps as 50-cents in cash?
To make this question a bit more complicated (or telling) would you value casino comps from different casino companies differently?
For example:
How much is a $1 casino comp from Caesars Entertainment worth in cash?
How much is a $1 casino comp from MGM Mirage worth in cash?
How much is a $1 casino comp from The Palms worth in cash?
You might want to express your answer in terms of a bid and as an ask price, or you might want to just offer a "true value" price. Please "label" your "value" accordingly.
Again, use an "open market" value and not if you personally would want to use or stay at those company casinos.