Caesars Ceasing up (hotel, home, to buy)

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So, as a non-gambler I suppose you look 20% worse than that guy, or is that actually a picture of you?

$1 million in total gambling bets in a year is not really much at all. Especially if it's a low casino edge game like Blackjack or Craps. At a typical 0.5% house edge on Blackjack, $1 million in bets would have an EV of -$5,000. So this would be roughly $416 in losses per month. It'd be kind of a waste for a middle class individual to do this but it's certainly doable for many middle class individuals to do if that was their thing. You actually don't need much money to gamble $1 million in a course of a year. You could probably do it by having just $10,000.

yeah i agree, except for the last sentence but i know that was thrown in there for argument's sake

i have a friend who easily gambles that much in turnover, but he has money and gets comped his entire stay, food and all.... but he likes to gamble every now and then for fun as an "outlet" i suppose...

caesars isn't one of the nice casinos anymore, so it wouldn't surprise me if there profits tank

Come on, thats nothing close to what happened. The judge ruled against summary judgement to throw out the case. The judge said the case can proceed.

The stock has no real value, never has. Its a gambling vehicle, not a valuable piece of ownership of a profitable company. It has zero value, people just want to bet on events and news. It could in theory have value in the future but it would require a lot of positive things to happen and a resolution of its debt and ownership structure within a year pretty much would render it worthless. The judge allowing the case to proceed made a quicker resolution likelier and the stock dropped as a result.

If I'm dumb enough to gamble a million a year I either don't need a TV or I need counseling. Stupid.....

if i had a million, i certainly wouldn't gamble it.... i'd open a animal rescue shelter... always been a dream.. probably will never be a reality.

My ex "gambled" a million a year at multiple casinos. All that "million" means is that they put that much through a machine. You put in $1.25 and "win" $1.25 and play another hand you now have "gambled" $2.50 while you have only put in $1.25. With the advent of machines that accept higher bets (think triple and ten play poker as well as ridiculous 10 million line penny machines) it is far, far easier to have a huge coin-in amount. I also was once a shift supervisor for a player's club.

If they play strictly tables, that is a different story and they would be treated far more differently if they were table only players.

P.S. The 42" plasma in my living room was a prize in a casino drawing for their top players. I decided he didn't need it when I moved across the country.

Stock isn't supposed to be a gambling vehicle. Only degenerate gamblers would look at common stock in that way. I don't invest in local companies because I have zero respect for them. They don't produce anything, and they're basically no different than the drug pusher on the corner in a bad neighborhood -- willing to ruin people's lives over a few measly bucks.

Oh, they'll make it as entertaining as possible. But the fact remains they don't produce anything of value. And the entire industry (and Las Vegas, for that matter), could dry up, blow away, and it really wouldn't affect this country at all. Sure -- some people would be sentimental about the loss of what is essentially "Pleasure Island" from Pinocchio. But you can find people who are sentimental over the Confederacy. And that was a dumb idea, too.


As for the "It's only $10,000."

That's a silly way to look at it. The quickest way to gamble $1 million per year is to simply bet $1 million on the Super Bowl coin flip. Done.

Anything other than that is just trying to minimize potential losses. Whether it's 500 $2,000 bets or 100 $10,000 bets or whatever permutation it takes to get to a million. The losses are still the same.

It's a waste of time. It's a waste of money. It's just a waste all around.

"But it's entertainment!" -- Spare me. I can download a decent blackjack game and enjoy the same meaningless "entertainment" without throwing money at Sheldon, Steve, Jim and Gary.

And I hate fine dining. All of those degenerate cooks and chefs trying to persuade me to spend money on something I don't enjoy. What a waste. I can buy a $10 pizza at home and enjoy the same meaningless "entertainment" without throwing money at Puck, English, and Ramsay..

Now, do you see how silly your argument is?

False equivalency.

You need to eat. You don't need to gamble and breathe tobacco smoke on a casino floor.

Even if you choose to eat [excrement], you still need to eat.

I wouldn't be particularly proud of having no appreciation for the good things in life. A good meal. A beverage that was brewed/fermented with care. It doesn't have to be at a fancy restaurant. A good meal can be had by anyone with half a brain and a little energy. Or they can order Papa John's and wash it down with Milwaukee's Best.