CBS story on LV buffets: https://www.cbsnews.com/video/almost...-feast-fest/#x
CBS story on LV buffets: https://www.cbsnews.com/video/almost...-feast-fest/#x
"I don't think outside the box; I think of what I can do with the box." - Henri Matisse
That's exactly right, but it's been that way for a long time already, and not just with the buffets and restaurants. Show prices are ridiculous, where they used to practically give the tickets away. Back in the '70s and '80s, I saw virtually every superstar in show business and paid peanuts to see them. So, the concept of loss-leader has completely disappeared with the corporate takeover of virtually every casino.Originally Posted by UNCBear4SJ
Wow! From an original loss-leader priced at a buck to $75 now. Corporate suits make everything a profit center and have totally lost the concept of a loss leader beefingup business.
The mob knew how to run things much better!
Don
Not sure about the last sentence, but agree with everything else. Has been a long time, but the contrast with the original intent just hit home in a renewed way with the reporting. Discounted -- or free --rooms, food, shows; all used to drive business to the casino floor. And once there, reasonably fair games weren't the exception.
Now to yell at the neighbor kids to get off my lawn.....
Vegas has no choice but to overcharge to survive. At one time, they had a monopoly on gambling. Then, AC came along and it was a duopoly. Now casinos are everywhere. Why go to a remote location, where it's unbearably hot 5 months/year and get nickel and dimed on everything from parking to resort fees? And not to mention, probably the worst games in the country - 6:5 BJ, triple zero roulette...
Right..it’s almost like they should try to find other ways to attract gamblers..like make the gambling better. But, sorry, I know that’s just crazy talk. Because then the card counters would come in andtake the casinos for literally millions wouldn’t they?? (Btw, millions are 1/1000 of billions in case you didn’t know
Last edited by Old new guy; 11-10-2021 at 08:55 AM. Reason: Add
They built expensive resorts that do not gather to gamblers. Most gamblers do not care about world renowned chiefs selling a meal 3 times the price it should be.
A place like Vegas needs some high end resorts but not as many as there is.
Instead of searching recognition thru expensive restaurants, shows, clubs and rooms, they should simply try to be known as "the best City in the world to get a fair chance at casinos money".
This would attract business and PROFITS !
G Man
The meals are vastly more expensive than in olden days. But, they're not expensive for a luxury resort. The nightclubs are another matter.
A big problem they have is that younger visitors don't like table games. They'd rather sit in front of a video screen and pretend to kill massive numbers of people. Just not enough blood in blackjack.
"I don't think outside the box; I think of what I can do with the box." - Henri Matisse
Interesting theory. I wonder how this would fit with the supply/demand theory most economists subscribe to. More choice usually leads to lower prices as suppliers compete for customers, especially if one given supplier has such an inferior product as you describe.
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