I probably didn't make my case strongly enough in the previous post. I believe what Dan is saying. I don't necessarily share his priorities and such, but I have little doubt he's extracting value.

Let me give you an example from my personal experience. I am ahead at Boyd properties lifetime. That's more than 30 years of gambling. According to Rob, they should have cut off all comps ages ago. But they don't. They want me to come in. I'm not costing them much, and maybe I'll lose. Maybe I'll change games. Maybe I'll introduce other players. It doesn't hurt them to give me meals and rooms and tournaments and other stuff. As jbjb said, it costs them next to nothing. On some low level, it could be said I'm gaming their system. Personally, I don't think of it that way and never really have. I'm gambling. They are giving me stuff. That's the way it's supposed to work, from my perspective.

Dan's doing the same thing on a larger scale with CET. He isn't killing them by extracting 100 free room nights and 50 meals and a handful of trips. He uses those things, so they have value to him. The individual hosts, who get graded on what they give out versus take in, hate him. Good for him. But CET isn't going to change their melded, constantly changing rules and regs just to shut Dan down. It would be like performing major surgery to remove a splinter. So Dan gets to extract value from them.

Not that unbelievable. Not that complicated.