[FML157]

don't see this happening; shareholders have an expectation to see earnings and revenue growth.

[matzoman]

Originally Posted by FML157

don't see this happening; shareholders have an expectation to see earnings and revenue growth.

Well, poor baby shareholders. They will have to take a hit just like everyone else.

[CD2017]

Originally Posted by matzoman

Well, poor baby shareholders. They will have to take a hit just like everyone else.

They will of course take a hit but they will do it in whatever manner benefits them most. So don't hold your breath. Capitalism is great; unfettered capitalism is usually less so.

[Cold Warrior]

Originally Posted by rhuff80

Thanks, boomer.

Again, remind me how companies that only answer to shareholders don't see people as only dollar signs? I'll wait.

If continued shrinking seats, increased prices, reduction of services isn't treating people like cattle, then we will have to disagree.

Metaphor, my friend.

Sigh. I tried to explain as simply as I could.



Steerage is "a section of inferior accommodations in a passenger ship for passengers paying the lowest fares". If you were trying for a metaphor, you mistakenly used the word correctly.


When exactly do cattle see "shrinking seats, increased prices, reduction of services"?

[clutchcargo777]

People make up definitions however they see fit here. Usually to try and put someone down. The laugh is on them.

[CD2017]

Originally Posted by Cold Warrior

Sigh. I tried to explain as simply as I could.



Steerage is "a section of inferior accommodations in a passenger ship for passengers paying the lowest fares". If you were trying for a metaphor, you mistakenly used the word correctly.


When exactly do cattle see "shrinking seats, increased prices, reduction of services"?

We can play this game all day. Either you're being obtuse, are slow, or trolling.

[cowherjaw]

Originally Posted by BBMW

Some of this makes no sense


Explain the mechanics of this. Any revenue that makes it to the bottom line gets raked by corporate income taxes. Have the county/state not taxed resort fees as part of the room tax yet? That has had to cost the casinos a pretty penny in campaign contributions, because that would be an easy source of revenue.

My understanding of resort fees are that they are a way of extracting more revenue from rooms wholesaled at a significant discount to third party consolidators.


Most of the LV room base was either built to the low end client or age down to that level. Yes, there's Wynn, Bellagio, etc. But there are even more low and mid level properties.


They are on hiatus. And how quickly they'll return is undetermined.

They absolutely pay taxes on resort fees. I am assuming they meant commissions instead of taxes. You should actually see the resort fee tax itemized on your bill.

[Svoboda]

Originally Posted by clutchcargo777

Nobody really cares about resort fees and paid parking. What is THE NUMBER ONE complaint you hear about Las Vegas? Show's how out of touch these people are. I hope it bites them in the ass big time as they chase the same couple of hundred whales around for their scraps.

I'm so tired of resorts using the "well, you aren't our target market" in response to any price complaints. It's a phony attempt to intimidate people who are afraid of what people think of their social standing. "If you have to ask, you can't afford it". Screw 'em I say. It's just weird that locals casino's have figured out how to be profitable catering to these lowest of the low.

Right? You literally cannot go on social media, travel site comments and the like without seeing endless strings of complaints about 1) parking, 2) resort fees, 3) degraded beverage service, and 4) the death of legit comps.

Literally hundreds of thousands of comments even by their target demos. Even though I live here, I love to read visitor's trip reports and even the high rollers complained about items in the list on the regular. Many times they will rent cars and stay for two weeks between multiple properties and feel like they are getting nickle and dimed.

[Svoboda]

Originally Posted by cowherjaw

They absolutely pay taxes on resort fees. I am assuming they meant commissions instead of taxes. You should actually see the resort fee tax itemized on your bill.

My guess is he meant it is used simply as a free revenue stream that properties can put directly towards thier tax bill and that the gross collection could offset their taxes so they're tax neutral.

[luckydogg]

I have no idea what the casinos will do to get people back to Vegas, but I have been going to Vegas for years even before the resort and parking fees, and the nickle diming over the years is very apparent. But since I always budget a set amount per trip I just have to spend less on gambling or dining to offset the fees, so I guess it's up to them how they get their money out of me, lol. I still have a good time in Vegas and considering all the possible places I could go I would still choose to go to Vegas over other destinations, so I just suck it up and pay the damn fees.

Aside from personal travel I have also been to Vegas twice in the last 3 years for conferences, and I don't pay the fees in those cases, my employer does. Conferences are another big piece of Vegas visitor traffic and revenues, and they bring in non-gaming visitors who pay the fees as part of their corporate travel budgets. So I doubt most employees are even going to notice the fees if they aren't paying them. I sure don't.

I was thinking if more companies move to reduce office space and let more employees work from home, they might be more in need of periodic conferences to bring employees together so that might help Vegas conference business in the future? Who knows.