Alan

I'm not sure what business you're in, but I ran a privately owned firm for 26 years.. We had 683 employees.. Every week we met our payroll, never late, never borrowed a penny from any banks...
My Dad started the firm in 1961 with 4 people we grew when we could afford to. We sold the entire firm in 2012...

The problem with Caesars is they are not spending their own money, thus their financial mess... They assume because they are well know people will just play at their properties..
When I moved to Ohio they had ZERO casinos, drove to Wheeling and Southern Indiana...Now they have I think 10 casinos/racinos...
People have many options... The "hard core" gambler can get any meal,show,sporting event, suite they want... The mom/pop are just happy with a hot dog and Coke... Thus the problem arises Caesars took their "hard core" players for granted.. They bought properties just to buy them, knowing damn well they'd run them into the ground.
They can care less about their employees, morale is awful.

The TR base IS a goldmine, just watch who buys it and the price they pay for it



Originally Posted by Alan Mendelson View Post
I don't disagree with Rob's ideas. But look at the real costs:

Cost of hiring a host: $50,000.
Cost of buying Total Rewards: $1.

And... you get what you pay for.