{"id":9682,"date":"2017-11-01T18:21:42","date_gmt":"2017-11-01T18:21:42","guid":{"rendered":"https:\/\/forumarchives.tmsites.net\/index.php\/2017\/11\/01\/caesars-entertainment-exits-bankruptcy\/"},"modified":"2017-11-01T18:21:42","modified_gmt":"2017-11-01T18:21:42","slug":"caesars-entertainment-exits-bankruptcy","status":"publish","type":"post","link":"https:\/\/forumarchives.tmsites.net\/index.php\/2017\/11\/01\/caesars-entertainment-exits-bankruptcy\/","title":{"rendered":"Caesars Entertainment exits Bankruptcy"},"content":{"rendered":"


\nTwo years ago, in 2015, Caesars Entertainment filed for bankruptcy in federal court. This put all of their casinos under the control of a court appointed Bankruptcy Trustee. This affected the following casinos: Caesars, Horseshoe, Harrah\u2019s, Paris, Bally\u2019s, Lina, Cromwell, etc. Here is the full list: https:\/\/en.m.wikipedia.org\/wiki\/List_of … properties<\/a>.<\/p>\n

\tLast month, October 2017, Caesars Entertainment ended the Bankruptcy. The result was a corporate restructuring, which, in summary, separated the properties, or real estate, from the gambling business. Caesars Entertainment is now ready to use its $2 Billion cash on hand to build a new convention center in Las Vegas and improve some of the lagging casinos. The Total Rewards program, the largest with 50 million members, will also be improved with machine learning of customer behavioral data (hmmm).<\/p>\n

\tWhat does the bankruptcy and its end mean to us? <\/p>\n

\tFor me, this explains why it\u2019s casinos, for the past year, have worried so much about any player that is up by $3,000 or more. Financial reporting aside (required by federal banking laws), I was having trouble understanding why a casino would walk someone out the door because they had 1 or a few good rolls. It\u2019s bad business for a casino to be so obvious about wanting only repeat losers to enter the front door. Ordinarily, a casino would advertise a big win, so it would keep the dream alive for all those losing, that they too might become a big winner. Yet, lately, Caesar casinos had a hair trigger when it came to banning a player that had a good streak.<\/p>\n

\tFor GTC players, you might think, given unrestricted access to a casino, we would break the bank. For maybe a dozen GTC persons, could be. For the vast majority of us, not likely, and I\u2019ll tell you why. I don\u2019t see consistent use of the GTC grip and throw AND betting strategy, by those of us that don\u2019t yet have the skill to be able to take liberties and still win – I\u2019m describing almost all of us (that\u2019s 90% of us, me included). Let\u2019s face it, almost all of us get cocky or lazy, and, given the opportunity by a smart casino, will throw away the advantage we each should have. The casino then gets back the profit we made, and then some. All while just one good roll encourages the random shooters to throw down even more money.<\/p>\n

\tNow, I am not being critical of anyone, except to point out the obvious – we ALL need to take a Refresher class at least once a year or more, to keep us disciplined.<\/p>\n

\tWhat I am pointing out is that casinos have highly qualified people that understand human nature. For a successful casino, it is unusual and is very bad business for a casino to ban any player for a winning streak.<\/p>\n

\tSo when a casino ignores all that, and starts banning even new players that happen to win large, it is a clear and loud sign that business is bad. Such a casino is one to avoid. The bean counters are running those casinos, and they run it into the ground. A casino in bankruptcy court is definitely being run by the bean counters.<\/p>\n

\tAt the same time, like him or not, 8 years under President Obama and weak kneed establishment Republicans made for a sluggish economy, bad for casinos and most every other business. The bean counters ruled and most casinos sucked.<\/p>\n

\tNow that the economy is up, and looks to be headed for an awesome comeback, business will be good. Hopefully, now out from under the control of a Bankruptcy Trustee, the Caesars casinos will get back to good business, welcoming successful players, bringing in 10 times as many new players that dream of making it big.<\/p>\n

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Replies:<\/h3>\n
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Posted by:<\/strong> Big Bad Dad on January 3, 2018, 1:20 am<\/p>\n

Good read Preacher, I’m a total rewards guy, so I’m glad it’s making a comeback.<\/div>\n<\/div>\n
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Posted by:<\/strong> Finisher on January 25, 2018, 1:17 am<\/p>\n

The new news is bad .
\n\tOne is if you are diamond with less then 25,000 points you loose the lounge unless you earn by March .
\n\tHere in Arz. they changed the time for lounge . 3.00 t0 4.30 for food with 2 options .After that comes desert ,then later only chips . If you get drinks on floor you no longer get them till you get 25 points limit 6 a day .
\n\tLook into it . \ud83d\ude2e \ud83d\ude2e \ud83d\ude2e
\n\tGood Rolling. \ud83d\ude00 \ud83d\ude42<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Two years ago, in 2015, Caesars Entertainment filed for bankruptcy in federal court. This put all of their casinos under the control of a court appointed Bankruptcy Trustee. This affected the following casinos: Caesars, Horseshoe, Harrah\u2019s, Paris, Bally\u2019s, Lina, Cromwell,…<\/p>\n","protected":false},"author":179,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[],"class_list":["post-9682","post","type-post","status-publish","format-standard","hentry","category-latest-casino-news"],"_links":{"self":[{"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/posts\/9682","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/users\/179"}],"replies":[{"embeddable":true,"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/comments?post=9682"}],"version-history":[{"count":0,"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/posts\/9682\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/media?parent=9682"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/categories?post=9682"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/tags?post=9682"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}