Archive for March, 2010

Lopate Today

At (or around) 12:40 p.m. EST on WNYC. It streams live on the web.

What Business Is This Industry In?

This story reminded me of the skewed distribution of casino and lottery revenue. Viz:

90 percent of casino revenue comes from just 10 percent of customers, according to Foxwoods executive Scott Rider
One sucker accounted for 20 percent of the gambling revenue of Caesars Palace and the Rio for a full year (in 2006)
More than half of [...]

Blowing Up Toilets For Amateurs

One way to harm a casino:

With lottery profits down, OR cuts funds to help gambling addicts

A good business move on multiple levels.

This Week In Madness: March 25, 2010

From news items dates March 17 to March 25:

Douglas Nickerson, a former executive with General Casualty Insurance, was sentenced on March 25 to nearly 4 years in prison for embezzling more than $1 million to feed a gambling addiction.
The former treasurer of a Montana Little League team was sentenced to 30 days in jail for [...]

Woman Stabs Man With Wiccan Dagger

Be careful who you meet in the casino.

Reading in Brooklyn Tomorrow

Please come, with weapons, to the Barnes and Noble in Park Slope so I can (a) give a bullet-dodging demo and (b) tell you things and (c) sign things and (d) be anxious for your entertainment.
It’s at 7:30 p.m. on Tuesday March 23 at this place here.

PA Survey: Casino More Appealing to the Poor

A Pennsylvania survey found that people living below the poverty line were far more inclined to try gambling at a new casino in Bethlehem than those who weren’t hungry and desperate. Of people making less than $20,000 a year, 48 percent said they were likely or very likely to test their luck at the Sands [...]

Hate Casinos? Then You Should Definitely Pay Them a Visit

In an article in Centerstage, the entertainment zine of the Chicago Sun-Times, a certain blackjack professional/author argues for playing hard and getting barred in the Indiana toilets before the state Supreme Court strips casinos of the right to exclude skilled players:
Let’s face it: casinos are dumps. And the Northern Indiana dumps take dumpdom to [...]

One Side Effect of the Casino Explosion

Canceled playing cards used in real casino play were a classic Vegas souvenir when I was a kid (0 – 26 yrs) but there are so many tables burning through decks two and three shifts daily in so many shitholes in so many states nowadays, their canceled cards get distributed nationally, and the network that [...]

This Week In Madness: March 17, 2010

From news items dated March 1 to March 17:

Connie Marie Hanson, 56, was sentenced on March 2 to 55 months in prison for embezzling close to $1 million from disabled veterans for whom she served as fiduciary. Her lawyer said “the loss in this case is directly attributable to her gambling. She took from those [...]

Foxwoods: 90% of business comes from 10% of customers

Scott Rider, a Foxwoods VP for customer development, tells Boston’s WBZ TV:
ninety percent of the casino’s business comes from just ten percent of the customers.
This was intended as a boast about high rollers and how they love Foxwoods, but there’s a more significant message: the overwhelming majority of Foxwoods revenue comes from a small group [...]

memorabilia

Notes:

Pechanga: Barring followed an all-night losing session, something close to 20K or even worse than that. I note this only because journalists have been asking, “So, you win money, and then they throw you out?” and the truth is annoyingly different. Casinos (should) consider the expected value of your play, not just the result. (They [...]

Gambling Addict In Suicide Bombing?

Gambling addicts kill themselves a lot of different ways: hanging, shooting, jumping, pills.
Suicide bombings, on the other hand, are mostly committed by terrorists. Though sometimes there are exceptions, if you believe what the Chinese media says.

Man Steals From MGM Foxwoods

Larceny? Nah. A self-comp.

Tempting

but wrong?