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The next Detroit: The catastrophic collapse of Atlantic City

With the closure of almost half of Atlantic City's casinos, Newark set to vote on gambling and casinos or racinos in almost every state, it seems as if the reasons for the very existence of Atlantic City are in serious jeopardy.
Israel Joffe
Atlantic City, once a major vacation spot during the roaring 20s and 1930s, as seen on HBOs Boardwalk Empire, collapsed when cheap air fare became the norm and people had no reason to head to the many beach town resorts on the East Coast. Within a few decades, the city, known for being an ‘oasis of sin’ during the prohibition era, fell into serious decline and dilapidation.
New Jersey officials felt the only way to bring Atlantic City back from the brink of disaster would be to legalize gambling. Atlantic City’s first casino, Resorts, first opened its doors in 1978. People stood shoulder to shoulder, packed into the hotel as gambling officially made its way to the East Coast. Folks in the East Coast didn't have to make a special trip all the way to Vegas in order to enjoy some craps, slots, roulette and more.
As time wore on, Atlantic City became the premier gambling spots in the country.
While detractors felt that the area still remained poor and dilapidated, officials were quick to point out that the casinos didn't bring the mass gentrification to Atlantic City as much as they hoped but the billions of dollars in revenue and thousands of jobs for the surrounding communities was well worth it.
Atlantic City developed a reputation as more of a short-stay ‘day-cation’ type of place, yet managed to stand firm against the 'adult playground' and 'entertainment capital of the world' Las Vegas.
Through-out the 1980s, Atlantic City would become an integral part of American pop culture as a place for east coast residents to gamble, watch boxing, wrestling, concerts and other sporting events.
However in the late 1980s, a landmark ruling considered Native-American reservations to be sovereign entities not bound by state law. It was the first potential threat to the iron grip Atlantic City and Vegas had on the gambling and entertainment industry.
Huge 'mega casinos' were built on reservations that rivaled Atlantic City and Vegas. In turn, Vegas built even more impressive casinos.
Atlantic City, in an attempt to make the city more appealing to the ‘big whale’ millionaire and billionaire gamblers, and in effort to move away from its ‘seedy’ reputation, built the luxurious Borgata casino in 2003. Harrah’s created a billion dollar extension and other casinos in the area went through serious renovations and re-branded themselves.
It seemed as if the bite that the Native American casinos took out of AC and Vegas’ profits was negligible and that the dominance of those two cities in the world of gambling would remain unchallenged.
Then Macau, formally a colony of Portugal, was handed back to the Chinese in 1999. The gambling industry there had been operated under a government-issued monopoly license by Stanley Ho's Sociedade de Turismo e Diversões de Macau. The monopoly was ended in 2002 and several casino owners from Las Vegas attempted to enter the market.
Under the one country, two systems policy, the territory remained virtually unchanged aside from mega casinos popping up everywhere. All the rich ‘whales’ from the far east had no reason anymore to go to the United States to spend their money.
Then came the biggest threat.
As revenue from dog and horse racing tracks around the United States dried up, government officials needed a way to bring back jobs and revitalize the surrounding communities. Slot machines in race tracks started in Iowa in 1994 but took off in 2004 when Pennsylvania introduced ‘Racinos’ in an effort to reduce property taxes for the state and to help depressed areas bounce back.
As of 2013, racinos were legal in ten states: Delaware, Louisiana, Maine, New Mexico, New York, Ohio, Oklahoma, Pennsylvania, Rhode Island, and West Virginia with more expected in 2015.
Tracks like Delaware Park and West Virginia's Mountaineer Park, once considered places where local degenerates bet on broken-down nags in claiming races, are now among the wealthiest tracks around, with the best races.
The famous Aqueduct race track in Queens, NY, once facing an uncertain future, now possesses the most profitable casino in the United States.
From June 2012 to June 2013, Aqueduct matched a quarter of Atlantic City's total gaming revenue from its dozen casinos: $729.2 million compared with A.C.'s $2.9 billion. It has taken an estimated 15 percent hit on New Jersey casino revenue and climbing.
And it isn't just Aqueduct that's taking business away from them. Atlantic City's closest major city, Philadelphia, only 35-40 minutes away, and one of the largest cities in America, now has a casino that has contributed heavily to the decline in gamers visiting the area.
New Jersey is the third state in the U.S. to have authorized internet gambling. However, these online casinos are owned and controlled by Atlantic City casinos in an effort to boost profits in the face of fierce competition.
California, Hawaii, Illinois, Iowa, Massachusetts, Mississippi, Pennsylvania and Texas are hoping to join Delaware, Nevada, New Jersey and the U.S. Virgin Islands in offering online gambling to their residents.
With this in mind, it seems the very niche that Atlantic City once offered as a gambling and entertainment hub for east coast residents is heading toward the dustbin of history.
Time will tell if this city will end up like Detroit. However, the fact that they are losing their biggest industry to major competition, much like Detroit did, with depressed housing, casinos bankrupting/closing and businesses fleeing , it all makes Atlantic City’s fate seem eerily similar.
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Big Double D Tiddies- Selections from the President’s business history and why your puts wont print.

Tl;dr just skip to the last paragraph. Consider this background due diligence because the market is closed.
Most of you retards lack an historical perspective on current events, so I’m writing this to give you the bigger picture on the casino and stock market history of the president. If you’re going to waste money it should be spent on recreational drugs and strippers- it stimulates the economy and probably does less long term damage to your net worth. But since this million retard army persists in making dumb bets, I will give you some background about the President because to most of you, the only Grey Lady you know is your own mother.
On May 8th, 2019, the president tweeted, “You always wanted to show losses for tax purposes. . . . [...] and often re-negotiate with banks, it was sport. Additionally, the very old information put out is a highly inaccurate Fake News hit job!” The leader of the free world bragged about losing money, said it was financially advantageous, said it was fun, and also said it was fake.
[The president had some successes- but no one goes on this sub for incremental or sustainable traditional business wins. So as to not sound biased, I will include some of them. Feel free to skip this part. His first “deal” was a purchase by his father in Trump’s senior year of high school. Purchased for $5.6 million plus half a million in renovations, it sold eight years later for $6.75 million. Result- a racial discrimination lawsuit and a $650,000 profit. In “The Art of the Deal”, the president claimed this was a $6 million profit. In 1970, Paris is Out, a Broadway comedy, lost him $70,000- inflation adjusted about half a million dollars today. In 1971, he was made president of the 14,000 apartment owning company, changed the name to the Trump Organization, and was again sued for racial discrimination. In 1978 he was the agent for Penn Central’s sale of the current Javits Center, for which he was paid a commission, and then became the face of the redevelopment of the Commodore Hotel. A $70 million loan guaranteed by his father and Hyatt Hotels, in addition to $1 million revolving credit from Chase bank, financed the renovation- which obtained a 40 year tax abatement. He then went on to build Trump Plaza, which he sold as individually owned apartments- known as a cooperative, in 1981. In 1986, he successfully renovated Wollman Ice Rink on time and three quarters of a million dollars under budget.]
In 1980 building site preparations began at the Trump Tower location. The previous building had some artistically significant architectural details, which were promised to the Metropolitan Museum of Art, and instead were destroyed. The demolition crew was a group of 200 strong "Polish Brigade" immigrants who worked 12 hour shifts. By using illegal labor, the president was able to avoid contributions to the pension fund and union worker welfare fund- the workers were paid $4-$5 per hour. Details are sealed after 16 years in court. Construction began in 1982 on Trump Plaza in Atlantic City, and in the first six months of opening in 1985, made only $144,000 in profit. In 1986 he bought out his partner, Harrahs, for $70 million. During this time he also purchased Trump Marina (ne Castle) for $325 million; this was the property at which his father bought $3.5 million in casino chips and never used, and which he was fined for making an illegal casino loan. In 1988, he bought the Plaza Hotel in New York for $390 million. He said in The New York Times, "For the first time in my life, I have knowingly made a deal that was not economic – for I can never justify the price I paid, no matter how successful the Plaza becomes." Another $50 million in renovations caused the total debt service to be too expensive; the prepackaged bankruptcy resulted in a $250 million dollar loss for creditors and a lowered interest rate in exchange for 49% of the hotel. Three years later the Saudis would buy a controlling stake.
Trump Plaza Casino followed the same game plan as the Plaza Hotel: he owed $250 million and conducted a prepackaged bankruptcy due to sky high debt service. The bankruptcy converted the $250 million into $300 million longer term debt, then went on to conduct a $42 million dollar expansion in 1993, and a $48 million dollar expansion in 1995. It closed in 2018 and the property was foreclosed on by Carl Ichan.
In 1988, he bought and renovated the Taj Mahal for nearly a billion dollars, financed with junk bonds at 14%. When he couldn’t make the payments, the property was again put into a prepackaged bankruptcy. Ironically, the Taj Mahal may have hastened the downfall of other Trump properties by cannibalizing their customers. In the end, the billion dollar casino was sold to the bankruptcy administrator for $890 million, named “Trump Entertainment Resorts”, itself filing for bankruptcy in 2004, 2009, and 2014.
His casino ventures show a reliable pattern of using other people’s money to buy and build, then forcing investors to take a loss while the prepackaged bankruptcies allowed him to keep the assets and the profits. His supporters might say this is common in the casino industry, which isn't true, but he shows this pattern of behavior in the stock market as well. In 1987, at the height of his casino activity, he started a new scam. “He would acquire shares in a company with borrowed money, suggest publicly that he was contemplating buying enough to become a majority owner, then quietly sell on the resulting rise in the stock price…” Media reports at the time claimed his pump and dump gained $55 million; government documents showed his stake was smaller and profits less than $11 million. This one trick pony would work a few times between 1987 and 1989, including in companies such as Gillette, Hilton, and Federated Department stores. By 1989, Wall Street was wise and left him bag holding an American Airlines takeover bid, resulting in a $35 million loss.
More recently WSB’ers will no doubt remember the Dead Sea levels of saltiness caused by accusations of pumping and dumping last year’s trade war with China, and the resulting cycle of market agitations on threats, bad news, counter threats, trade talks, and deals. Finally, Covid-19 has given us hydrochlorique panaceas, and other pump and dumps we’re still learning about.
Tl;dr The president has shown a persistent penchant for profligacy using other people’s money. Most recently to use the federal government to price gouge PPE and to attempt to have his signature on stimulus checks- but he’s been doing it for 40 years. With JayPau, he’s found a real life infinite money hack, and everything I’ve written is to prove to you he isn’t afraid to use it. Keynes said, “the market can stay irrational longer than you can stay solvent” but what we’re seeing today isn’t irrationality, it is the biggest pump and stop stock scam infinite printing we’ve ever seen from a guy who brags about pump and dumps and bankruptcy filings. Your puts wont print, Trump is betting his reelection on it, and the all-in is infinite. Positions- holding all cash. Sell in May and go fuck yourself.
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Part 2: A Timeline of Epstein, Trump, Sex Trafficking, and the Intelligence Community

I don't think John DeCamp gets everything right, especially his claims about satanic groups, but in 1988 we learn about the Franklin Coverup, which Wikipedia describes as:
"The Franklin child prostitution ring allegations began in June 1988 in Omaha, Nebraska and attracted significant public and political interest until late 1990, when separate state and federal grand juries concluded that the allegations were unfounded and the ring was a "carefully crafted hoax."[1][2].
From the NYT:
(12/18/88) A Lurid, Mysterious Scandal Begins Taking Shape in Omaha
In the Executive Board's public session Monday, Mr. Chambers said the activities of Lawrence E. King Jr., the credit union's manager for the last 18 years and the central figure in its collapse, were ''just the tip of an iceberg, and he's not in it by himself.'' But Mr. Chambers added nothing that would shed light on his cryptic assertion....Mr. King is a 44-year-old Omaha resident who wholly or partly owns several small businesses here and lives with his wife and school-age son in a large house in one of the city's better neighborhoods. He is a tall, expansive figure well known for his costly style of dressing, lavish celebrations and extensive travel, sometimes in chartered jets and often with an entourage of young men.In 1972 he headed a national political organization, Black Democrats for George McGovern. But he gained greater prominence after he had switched parties a while later, serving for a time as vice chairman of the National Black Republican Council, an official affiliate of the Republican Party, and becoming a familiar figure on the Republican social scene.Mr. King has maintained a $5,000-a-month residence off Embassy Row in Washington and has also entertained generously at Republican National Conventions. At the 1984 gathering, in Dallas, where he sang the national anthem on the convention floor, he rented the ranch where the television series ''Dallas'' is filmed and organized a party there for black Republicans....Mr. King's trouble with the authorities came to the surface early last month when officials of the Government's National Credit Union Administration, acting on information from the F.B.I. and the Internal Revenue Service, arrived at the offices of the Franklin Community Federal Credit Union and shut it down. Then, on Nov. 14, the agency, which oversees the nation's federally chartered credit unions and insures their deposits, filed the Government suit against Mr. King, whose salary as Franklin Community's manager had been less than $17,000 a year.
(1989) Washington Call Boy Scandal
Craig J. Spence (1941 – November 10, 1989) was a Republican) lobbyist who was found dead in a Ritz-Carlton hotel room in 1989.[1][2] ...Spence was implicated in a gay call-boy ring scandal, that arranged after-hours visits to the White House, the Washington Times and other papers reported in June 1989. Afterward, Spence committed suicide in a Boston hotel....Spence's name came to national prominence in the aftermath of a June 28, 1989 article in the Washington Timesidentifying Spence as a customer of a homosexual escort service being investigated by the Secret Service, the District of Columbia Police and the United States Attorney's Office for suspected credit card fraud. The newspaper said he spent as much as $20,000 a month on the service. He had also been linked to a White House guard who has said he accepted an expensive watch from Mr. Spence and allowed him and friends to take late-night White House tours.[4]Spence entered a downward spiral in the wake of the Washington Times exposé, increasingly involving himself with call boys and crack,[5] and culminating in his July 31, 1989 arrest at the Barbizon Hotel on East 63rd St in Manhattan for criminal possession of a firearm and criminal possession of cocaine.[6]Months after the scandal had died down, and a few weeks before Spence was found in a room of the Boston Ritz-Carlton Hotel, he was asked who had given him the "key" to the White House. Michael Hedges and Jerry Seper of The Washington Times reported that "Mr. Spence hinted the tours were arranged by 'top level' persons", including Donald Gregg, national security adviser to Vice President George H. W. Bush at the time the tours were given.[5]When pressed to identify who it was who got him inside the White House, Spence asked "Who was it who got [long-term CIA operative] Félix Rodríguez) in to see Bush?", agreeing that he was alluding to Mr. Gregg.[5]Gregg himself dismissed the allegation as "absolute bull", according to Hedges and Seper. "It disturbs me that he can reach a slimy hand out of the sewer to grab me by the ankle like this," he told the reporters. "The allegations are totally false."[5]
I'll let you decide how credible you find any of this so far. It should be noted that many of the people implicated in these affairs -- Wilson, Singlaub, Moon, Casey, Rodriguez, Bush, Stone, and Gregg -- were also involved to varying degrees in the Iran Contra Affair, which illegally raised money for anti-communist terrorists in Central America through the use of death squads, rape, and drug sales. One does not necessarily equal the other, but sexual blackmail and human trafficking don't seem like much of a stretch.
An article by The Guardian notes:
Czechoslovakia ramped up spying on Trump in late 1980s, seeking US intel:
In summer 1987, Donald and Ivana Trump visited Moscow and Leningrad, following a personal invitation from the Soviet ambassador in Washington, Yuri Dubinin. The trip was arranged by Intourist, a travel agency that was also an undercover KGB outfit. Soon after returning from Moscow, Trump announced he was thinking of running for president. That presidential bid failed to materialise.In October 1988, on the eve of the US election, Ivana Trump visited her parents in Zlín, known at the time as Gottwaldov. According to the files she “confidently” predicted Bush’s victory to her father, who in turn passed the tip to local StB officers.“The outcome of the election confirmed the veracity of this information,” StB field agent Lt Peter Surý wrote, in a document dated 23 January 1989 and marked “secret”.The prediction came “from the highest echelons of power in the US”. Ivana was “not only a well-heeled US citizen” but moved in “very top political circles”, Surý stated....It is unclear when the KGB began a file on the future president. In Prague about 60,000 StB documents were declassified in the mid-1990s, after the collapse of communism. The StB destroyed most records.However, secret memos written by the KGB chief, Vladimir Kryuchkov, in the mid-1980s reveal that he berated his officers for their failure to cultivate top-level Americans. Kryuchkov circulated a confidential personality questionnaire to KGB heads of station abroad, setting out the qualities wanted from a potential asset.According to instructions leaked to British intelligence by the KGB defector Oleg Gordievsky, they included corruption, vanity, narcissism, marital infidelity and poor analytical skills. The KGB should focus on personalities who were upwardly mobile in business and politics, especially Americans, the document said.
Another article in the Chicago Tribune notes:
Czechoslovakia secret police file: Trump sure of presidential win — in 1996:
A year before the 1989 collapse of communism in many parts of Europe, details about Ivana Trump's 1988 visit back to her homeland were recorded in a classified police report. The Oct. 22, 1988 report claimed that Trump refused to run for president in 1988 — despite alleged pressure to do so — because he felt, at 42, he was too young. But the secret report said he intended to run in the 1996 U.S. presidential race as an independent, when he would be 50."Even though it looks like a utopia, D. TRUMP is confident he will succeed," the police report said, based on information from an unspecified source who talked to Ivana Trump's father, Milos Zelnicek, about her visit.It was unclear where the alleged "pressure" was coming from. [Note: In "Get Me Roger Stone", Stone claims he was the one who convinced Trump to run.]...Trump's first wife was born Ivana Zelnickova in 1949 in the Czechoslovak city of Gottwaldov, the former city of Zlin that just had been renamed by the Communists, who took over the country in 1948. She married Trump, her second husband, in 1977. As she kept traveling home across the Iron Curtain on a regular basis, Ivana became a tempting target for the powerful, deeply feared Czechoslovak secret police agency known as the StB.
And by at least 1989, Trump himself was in the social circle of both Iran Contra figures and the father of Epstein's alleged "madame", Ghislaine Maxwell:
(This is from a previous post I made, seen here. Some of the links are subscription only, but are provided for accuracy)
NY Daily News - May 5, 1989:
“Everybody, but everybody at the party aboard British media mogul Robert Maxwell’s yacht Wednesday night had to doff their shoes before boarding the plush-carpeted “Lady Ghislaine.” Maxwell insisted, and his guests cooperated, including Donald Trump (minus Ivana), who has a much bigger yacht and was happy to compare notes with Maxwell. [Note: This is in reference to the Kingdom 5KR, originally owned by Adnan Khashoggi, international arms dealer and uncle of slain journalist Jamal Khashoggi.] There were John Tower [Republican Senator in charge of the Tower Commission, which investigated Iran Contra]; ex-Navy secretary John Lehman [Reagan appointee 1981-1987], now with Paine Webber; lawyer Tom Bolan [law partner of Roy Cohn]; literary agent Mort Janklow [clients include both Nancy and Ronald Reagan for their memoirs]; UN envoy Thomas Pickering [currently a board member at the world’s biggest pipe company, OAO TMK, in Moscow and Chairman of the Rostropovich-Vishnevskaya Foundation, “a non-profit organization based in Washington, DC that supports programs to improve the health of children worldwide”]; and Peter Kalikow, owner of the New York Post [awarded the Israel Peace Medal in 1982; created a super PAC for Herman Cain that was later revealed to be entirely financed by his donations]; Maxwell’s daughter, Ghislaine, and his niece, Helene Atkin of Macmillan, the publishing house Maxwell recently took over."[Note: This sentence wasn't in the Daily News article but shows up in a St Louis Dispatch piece a week later]: “Maxwell, who weighs about 300 pounds, went over the guest list personally.""No one could tell who didn’t make the final list, but we do know that Martha Smilgis of Time was disinvited by David Adler, public relations chief at Macmillan. She wrote the profile of Maxwell which he apparently did not like.”
Who was Ghislaine’s father?
Ian Robert Maxwell "MC (10 June 1923 – 5 November 1991), born Ján Ludvík Hyman Binyamin Hoch, was a British media proprietor and Member of Parliament (MP). Originally from Czechoslovakia, Maxwell rose from poverty to build an extensive publishing empire….Maxwell had a flamboyant lifestyle, living in Headington Hill Hall in Oxford, from which he often flew in his helicopter, and sailing in his luxury yacht, the Lady Ghislaine. He was notably litigious and often embroiled in controversy, including about his support for Israel at the time of the 1948 Palestine war. In 1989, he had to sell successful businesses, including Pergamon Press, to cover some of his debts. In 1991, his body was discovered floating in the Atlantic Ocean, having fallen overboard from his yacht. He was buried in Jerusalem. Maxwell's death triggered the collapse of his publishing empire as banks called in loans. His sons briefly attempted to keep the business together, but failed as the news emerged that the elder Maxwell had stolen hundreds of millions of pounds from his own companies' pension funds. The Maxwell companies applied for bankruptcy protection in 1992....Shortly before Maxwell's death, a former employee of Israel's Military Intelligence Directorate, Ari Ben-Menashe, approached a number of news organisations in Britain and the U.S. with the allegation that Maxwell and the Daily Mirror's foreign editor, Nicholas Davies, were both long-time agents for Mossad. Ben-Menashe also claimed that in 1986, Maxwell had told the Israeli Embassy in London that Mordechai Vanunu had given information about Israel's nuclear capability to The Sunday Times, then to the Daily Mirror. Vanunu was subsequently kidnapped by Mossad and smuggled to Israel, convicted of treason and imprisoned for eighteen years.Ben-Menashe's story was ignored at first, but eventually The New Yorker journalist Seymour Hersh repeated some of the allegations during a press conference in London held to publicise The Samson Option, Hersh's book about Israel's nuclear weapons. On 21 October 1991, two MPs, Labour's George Galloway and the Conservative's Rupert Allason (also known as espionage author Nigel West), agreed to raise the issue in the House of Commons under Parliamentary Privilege protection, which in turn allowed British newspapers to report events without fear of libel suits. Maxwell called the claims "ludicrous, a total invention" and sacked Davies.[44] A year later, in Galloway's libel settlement against Mirror Group Newspapers (in which he received "substantial" damages), Galloway's counsel announced that the MP accepted that the group's staff had not been involved in Vanunu's abduction. Galloway himself, however, referred to Maxwell as "one of the worst criminals of the century....The Maxwell companies filed for bankruptcy protection in 1992. Kevin Maxwell was declared bankrupt with debts of £400 million. In 1995, Kevin and Ian and two other former directors went on trial for conspiracy to defraud, but were unanimously acquitted by a twelve-man jury in 1996.”
Epstein's own weird history has been spoken of to some degree, and I'm not sure I have much to add at this point, but perhaps it's important in context.
Financier in sex abuse case went from math whiz to titan
He taught calculus and physics at the prestigious Dalton School, a prep school in Manhattan, from 1973 to 1975, despite not having a college degree. Attorney General William Barr's father, Donald Barr, was headmaster at the time...Epstein left Dalton in the mid-1970s for a job at Bear Stearns at the urging of a student's father who arranged a meeting with the chairman of the investment bank, according to published reports. He later began his own money-management business, J. Epstein & Co....Epstein has long obscured the source of his wealth. Even after his arrest, he refused to provide authorities with even basic information about his income and assets. His attorney said Epstein's lawyers intend to provide the information but want to make sure it is correct first.This much is clear: "He is a man of nearly infinite means," federal prosecutor Alex Rossmiller said in court....Epstein also forged a relationship with Leslie Wexner, the retail titan behind Victoria's Secret, The Limited and other store chains. He started managing Wexner's money in the late 1980s and helped straighten out the finances for a real estate development Wexner was backing in a wealthy Columbus, Ohio, suburb.It was through Wexner that [in1996] Epstein acquired his Manhattan mansion, a seven-story, 21,000-square-foot former prep school less than a block from Central Park. It has been valued at about $77 million.
Around the same time, Trump started dating Marla Maples, who was working at his Atlantic City Taj Mahal Casino:
(1988) The Untold Story of Trump Model Management (Part 1):
Donald Trump, for his part, was becoming increasingly restless, and reckless. Despite fathering 3 children and having a devoted wife, by all accounts he didn’t spend much time with any of them, preferring work and play to the routines of domestic life. In the 80’s he made at least two life changing decisions-to step out on his wife publicly, and to expand his negligible empire into Atlantic City casinos. He built Harrah’s at Trump Plaza in 1984, and a partially completed building that became Trump Castle in 1985-a property that would be managed by his first wife, Ivana. He also scooped up the Taj Mahal in 1988, which at a cost of $1.1 billion made it the most expensive casino ever built at the time.
Some weirdness starts to pop up here, at least allegedly. According to the Philadelphia Inquirer:
(10/27/83) GROUND BROKEN FOR RESORTS' 2D N.J. CASINO-HOTEL
Resorts International, which opened the city's first gambling hall 5 1/2 years ago, broke ground yesterday for a second casino-hotel that will cost $250 million to build and will contain 1,000 hotel rooms and the world's second-largest casino.
According to Wikipedia:
Resorts International was a hotel and casino company. From its origins as a paint company, it moved into the resort business in the 1960s with the development of Paradise Island in the Bahamas, and then expanded to Atlantic City, New Jersey with the opening of Resorts Casino Hotel in 1978.
So how did a paint company morph into a multimillion dollar casino company? We're going to have to go to conspiracy theorists again. Make of it what you will:
Goodfellas: The Hidden History of Resorts International:
Resorts International was largely a family affair that grew out of a company called the Mary Carter Paint Company."Mary Carter (she never existed) was pretty much a family affair controlled by Jim Crosby, two of his brothers, and his in-laws. Based in Tampa, Florida, the firm included in its directorate James Crosby, John Crosby (a plastic surgeon in Mobile, Alabama), William Crosby (a Tampa realtor), and the Murphy brothers, Henry and Tom, who'd married the Crosby daughters. Henry owned a funeral home in Trenton, New Jersey, while Tom was board chairman of Capital Cities Communications, a successful broadcasting business founded by explorer Lowell Thomas. The explorer too was an early shareholder in Mary Carter Paint, as was Republican Thomas Dewey." (Spooks, Jim Hougan, pg. 381)Acclaimed researchers Sally Denton and Roger Morris note: "... the Mary Carter Paint Company, which was widely considered to be a CIA front that laundered payments to the Cuban exile army in the early sixties..." (The Money and the Power, pg. 284).This is certainly quite plausible considering Mary Carter was then based out of Tampa, a hub for joint CIA-Syndicate efforts to assassinate Castro. As was noted before here, Tampa don Santo Trafficante, Jr. was one of the gangsters initially tapped by the CIA's notorious Office of Security to arrange for Castro's untimely demise. Trafficante, a close associate of Meyer Lansky (whom we shall return to again), had been deeply involved in Cuba's gambling operations prior to the revolution and would later become even more deeply immersed in the world heroin trade. As was noted before here, he was very close to the emerging Cuban Mafia, which provided ample recruits to the CIA during the early 1960s despite much suspicion that Trafficante was a double agent for Castro.Certainly the Mary Carter Paint Company would have been well positioned to assist Trafficante in these endeavors in Tampa. And such a connection would also explain why the corporation, in the mid-1960s (as CIA Cuban operations were winding down), abruptly sold off its paint business and boldly delved into gambling. By the end of the decade it was managing one of the most profitable casinos in the world on the Bahama's Paradise Island.What it amounts to is that by the late period James Crosby emerged as not only the CEO of Mary CarteResorts International, but as an extremely well connected figure within the GOP and beyond."... Crosby was himself uniquely situated in Republican circles: a sometime guest at the White House, he'd donated $100,000 to Nixon's 1968 campaign. He was also a friend of, and frequent host two, Bebe Rebozo (with whom he banked). Moreover, Crosby's private intelligence agency, Intertel, was even then working with White House aides and ITT executives to discredit Jack Anderson's revelations anent ITT and Chile. At the same time, Intertel was the de factocustodian of the demented billionaire Howard Hughes (his own $100,000 donation would later result in two volumes of Senate testimony in the Watergate affair). Indeed, the ties between Paradise Island and Richard Nixon's administration were of the sort that bind: Allan Butler, owner of the failing bank that was his namesake, claims the Nixon was a silent partner of Crosby's in his Bahamian ventures, sharing a healthy chunk of Paradise Island bridge revenues with yet another secret partner, Bebe Rebozo. And by by no means finally, James O. Golden, Resorts' vice-president and one of Intertel's founding spooks, had formerly served as Nixon's Secret Service shield, later taking charge of security for the Nixon forces at the GOP's 1968 convention in Miami Beach. That Paradise Island is a special place, and had a special place in the heart (or what passed for a heart) of the Nixon regime, is abundantly clear... (Spooks, Jim Hougan, pg. 180) ...And that brings us to possibly the most curious aspects of Resorts, namely its ownership of its own vast private intelligence network.It was known as Intertel, short for International Intelligence, Inc. Intertel was incorporated in 1970 as an almost wholly-owned subsidiary of Resorts International and hit the ground running. During its heyday, Intertel had an impressive roster and an international reach. It would turn up in host of intrigues throughout the 1970s and 1980s. Curiously, it had its origins with Robert Kennedy's "Get Hoffa" squad."... Intertel, known especially and remarkably for its composition of former organized crime strike force attorneys from Robert Kennedy's Justice Department... The IRS considered Intertel... 'an organized crime enterprise of some type aimed at the Bahamas,' as one account summed up the agency's view. Roberts Peloquin and William Hundley, Kennedy's top crime fighters, had joined the firm and recruited operatives from the CIA, FBI, IRS, Secret Service, and other intelligence agencies. Staffed exclusively by what one author called 'Get Hoffa agents,' it was likened into a corporate CIA.' (The Money and the Power, Sally Denton & Roger Morris, pg. 284)...Intertel's other ventures include spying of muckraker Jack Anderson) for ITT, investigating the Chicago Tylenol murders and the Bhopal disaster. Even more ominous, however, were its dealings with a shady Belgium-based private detective agency known as Agence de Recherche et d'Information (ARI). As was noted before here, ARI was linked to members of the neo-fascist terror organization known as the Westland New Post, a few of whom had also been implicated in drug trafficking and pedophile rings. Intertel reportedly hired ARI to do some work for them during the 1980s....What is of great interest to us here is Trump's third Atlantic City casino: the Taj Mahal. While now widely associated with Trump, thanks in no small part to it leading to his first bankruptcy, it was not in fact Trump who started the casino. That dubious distinction lies with Resorts International.The company had begun construction on the Taj Mahal in 1983, but had run into persistent difficulties in finishing construction in the following years. Then, in April 1986, James Crosby died suddenly. This left Resorts in turmoil (allegedly) and Trump stepped in. Trump bought a controlling stake in the company in 1987 and was promptly named its chairman of the board.Let that sink in for a moment: Donald J. Trump, the current President of the United States, was briefly the chairman of a corporation long suspected of being a CIA front, that had decades-spanning involvement with the Syndicate, numerous "rogue" financiers, various drug and arms traffickers and which owned a vast private intelligence network...."
According to the Philadelphia Inquirer:
(07/22/87) TRUMP COMPLETES THE DEAL FOR RESORTS INTERNATIONAL
Developer Donald Trump took control of Resorts International Inc. yesterday in a $79 million deal that gives him his third Atlantic City casino, including what will be the largest gaming hall in the city.Trump sealed the deal in New York with those connected to the estate of the late founder of Resorts International, James M. Crosby.Trump paid a cash price of $135 a share for 585,068 shares of Class B stock, which has 100 times the voting power of Class A stock.He is expected to make a formal tender offer for the remaining 167,230 shares of Class B stock within the next several weeks at the same $135-a-share price. Owning all the Class B stock would give him 93 percent of the company's voting power.At a board meeting immediately after the transaction with the Crosby estate, Trump was elected chairman of the board of Resorts International, replacing Henry B. Murphy, Crosby's brother-in-law, who resigned.
And his relationship with Ivana was falling apart:
(1989) Ex-Wife: Donald Trump Made Me Feel ‘Violated’ During Sex
After a painful scalp reduction surgery to remove a bald spot, Donald Trump confronted his then-wife, who had previously used the same plastic surgeon.“Your fucking doctor has ruined me!” Trump cried.What followed was a “violent assault,” according to Lost Tycoon. Donald held back Ivana’s arms and began to pull out fistfuls of hair from her scalp, as if to mirror the pain he felt from his own operation. He tore off her clothes and unzipped his pants.“Then he jams his penis inside her for the first time in more than sixteen months. Ivana is terrified… It is a violent assault,” Hurt writes. “According to versions she repeats to some of her closest confidantes, ‘he raped me.’”Following the incident, Ivana ran upstairs, hid behind a locked door, and remained there “crying for the rest of night.” When she returned to the master bedroom in the morning, he was there.“As she looks in horror at the ripped-out hair scattered all over the bed, he glares at her and asks with menacing casualness: ‘Does it hurt?’” Hurt writes.
In 1992, Trump would divorce Ivana. It's this same year that we find him arranging a party of 30 for himself, Jeffrey Epstein, and 28 young aspiring calendar girls:
(1992) Trump Was Alone at a 1992 Party with 28 Girls and Accused Sex Trafficker Jeffrey Epstein
Part of a “calendar girl” competition organized at Trump’s request, the party was put together by a businessman named George Houraney, who spoke with the New York Times for a story published Tuesday.Houraney was also one of many to accuse Trump of sexual harassment, this time toward his former girlfriend and business partner, Jill Harth, who described an incident in 1997 as an attempted rape by Trump.“I arranged to have some contestants fly in,” Houraney told the Times. “At the very first party, I said, ‘Who’s coming tonight? I have 28 girls coming.’ It was him and Epstein.”...Before the “calendar girl” event, Houraney warned Trump about Epstein once again.“Look, Donald, I know Jeff really well, I can’t have him going after younger girls,” Houraney recalled telling Trump in the Times interview. “He said: ‘Look I’m putting my name on this. I wouldn’t put my name on it and have a scandal.’”
[EDIT: MSNBC reports on 07/17/2019 on newly discovered footage of Trump and Epstein discussing women at a party in November of 1992.]
The Boston Globe reported:
(1992) The pageant of Donald Trump’s dreams
It was a snowy night in Manhattan, December 1992, and the festive group was embarking on a circuit of exclusive clubs after a sumptuous dinner at the Plaza Hotel’s Oak Room.As the limo wove through the city, Trump discussed his views on dating, according to one of the women riding along. The billionaire casino mogul declared that “all women are bimbos” and said most were “gold diggers” who would be smart to go after men with money. Like him.Rhonda Noggle, the model who relayed the story to the Globe in an interview, said that, at that point, she had had enough. Speaking sharply to Trump, she said, she asked him to stop the limo. The car grew silent.
(1989-1995) The Untold Story of Trump Model Management (Part 1):
1989-1995 just so happens to be the same time period in which Donald Trumps world and empire was falling apart at the seams. In the beginning of the decade he was facing the end of his first marriage and a looming court battle. Despite his purportedly active dating life, by many accounts Trump was being rejected by many, if not most, of the women he pursued-including Carla Bruni and Jill Hearth. Marla Maples, after years of being the secret mistress and repeated rounds of being dumped and publicly humiliated by Trump, was starting to lose her patience. And the big gamble he took in Atlantic City was, by all accounts, failing miserably-a direct result of his jaw droppingly awful business practices and general incompetence. In 1991, his Taj Mahal Casino filed for chapter 11 bankruptcy. In 1992, he again filed for Chapter 11 bankruptcy again, this time on his Trump Plaza Hotel (also in Atlantic City), at the time owing $550 million dollars. Recall that he would report an almost 1 billion dollar loss on his 1995 tax returns, according to the copies obtained by the New York Times. Indeed, the early 90’s were not a very good era for Donald Trump. In light of this fact, it’s worth noting that the sexual assault allegations against him are all clustered within this very time frame. [Note: This article was written in 2016, prior to more allegations]...By the time “New York Magazine” did a front page profile of him in 1988, Casablancas reputation for bedding young models was established and begrudgingly accepted (a price to pay in exchange for his “genius”) within the New York social scene, but the expose came as a shock to many outside the bubble. John Casablancas would soon find out that he was not as untouchable as he thought he was. In the article-which ran under the title “Girl Crazy”-Casablancas was portrayed as a champagne guzzling pervert, singularly dedicated to the “new look” department of Elite where he spent his days ogling the scantily clad, sometimes naked bodies of teenage girls. In light of Donald Trump’s more alarming comments and decisions around his daughter Ivanka, this quote stands out:"Casablancas talked about his seventeen year old daughter, Cecile. He said Cecile had been solicited by a photographer last summer on a beach in Ibiza. The photographer asked her to pose in a bikini, and Casablancas raced over to try to get a $2,000 fee for the shot. “She’s got a great little body” he told his models."Another quote that brings a chuckle and a nod of recognition in this story is Casablancas’s bizarre pride over never having changed a diaper. Donald Trump would make similar boasts in a Howard Stern interview a few years later. Compelling proof this is not, but I do believe it’s a hint at the kind of Don Juan persona that Don, far from a Juan, actually a dejected, balding husband with a crumbling empire....But the scandal did not end there, nor did it begin. Less than a month earlier 60 minutes aired a prime-time special on the abuses of underage girls in the modeling industry. Investigative reporter Craig Pyes portrayed the modeling industry as infested with agents who were notorious hustlers and playboys. His report revealed that both Claude Haddad- the head of European scouting for Ford- and Ford’s Paris-based agent Jean-Luc Brunel had been accused of horrific sexual misconduct by many models. [Note: Brunel's name appears multiple times on Epstein's flight manifests.] The special aired the interviews of dozens of women who accused both Brunel and Haddad of a litany of crimes, ranging from racist invective towards black models to violent rape. And in fact the hidden camera footage captured in filming the special caught it all- from Xavier lamenting about n**er models, to Haddad chuckling about drugging and raping 13 year old girls. According to Model At a retreat soon after the one-two punch delivered by the coverage, Haddad, Jean Luc Brunel and Casablancas were once again overheard (albeit not taped this time around) laughing about their crimes. Alternatively they were angry when confronted by interim scouting manager Trudi Tapscott - ”I’m a man and I have needs, I will not apologize for that!” Casablancas is said to have declared....Over time Donald Trump would emerge from the ruins of his empire with a new approach to business, and a new source of income-in 1996 he bought the rights to the Miss Universe franchise, and became the central figure in the running of these pageants. And in 1999 he started a modeling agency - T models, later changed to Trump Model Management. The correlation of interests is quite clear-for a man awkward around women but dependent on his public image saying otherwise, a stable of women under his employ was a way to boost his image-and even better, he was able to lock all of these women into non disclosure agreements, ensuring that his behavior with them had little chance of becoming public knowledge. It also appeared to have served as a useful tool regarding his business transactions-which, in the aftermath of his bankruptcy, were increasingly dependent on some less than savory characters. How he did this, and the breadth of this activity, will be explored in the next installment. But for the time being, there is one final aspect of this story that is breathtaking, and speaks more to the character of Donald Trump than anything else.
More in Part 3.
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Irish Mafia from Hell

The Irish Mafia are a powerful organized global crime group which have authority over the Aryan Brotherhood. Prince Stefano Massimo of Rome is the primary owner and authority over the Aryan Nazi groups and Irish Mafia and he resides in London. The Massimo family have a covert Irish branch known as the Massy family which are Barons of Duntrileague in Limerick Dublin, Ireland with Baron David Harmon Somerset Massy and John Hugh Somerset Massy as the heads. The Irish Mafia of Ireland operate in Limerick today and the Massy family are part owners. The Aryan Brotherhood incorporates a clover for its logo which is also an Irish symbol. The House of Windsor have connections with the Nazis with King Edward VIII visiting Adolf Hitler and receiving full Nazi salutes. Prince Philip's family was also tied with the Nazis during WWII. Prince Harry's personal coat of arms includes the Irish harp also used on the coat of arms of Ireland. Prince Harry has been given a portion of authority over the Irish Mafia and Aryan Brotherhood. Prince Harry publically dressed up as a Nazi. James Hewitt is from Northern Ireland and had an affair with Princess Diana. Many believe he is Prince Harry's real father and they do share a close resemblance. The Irish Republican Army or IRA also supported the Nazis and attempted to make an alliance with them. The IRA worked with the German and Nazi intelligence agency known as the Abwehr. Both the Nazis and the IRA are militant fascist groups. The IRA allied with the Palestine Liberation Organization or PLO in an attempt to take over Jerusalem. The PLO is mixed in with Hamas a Nazi influenced group going back to Amin al-Husseini's alliance with Hitler. Walter Guinness, 1st Baron Moyne of Dublin was assassinated by Lehi for supporting an Arab controlled Palestine. The IRA and Irish Mafia have been linked together numerous times including with Whitey Bulger. Christy Kinahan and Jay O'Connor are high level international Irish mafia bosses and are extremely murderous. The Kinahan Gang appears to be allied with the Winter Hill Gang in Boston. Its reported that Christy Kinahan lives in Dubai and is worth over a billion.
The Irish Mafia in the United States have seniority over the Aryan Brotherhood as the oldest recognized criminal organization. The Irish mob has mostly evolved into white collar crime. The remaining Irish mobsters are the strong arm and the Aryan Brotherhood are their street soldiers. The Irish Earls of Winterton oversees the Winter Hill Gang of Boston, Massachusetts. Howie Winter was a co-founder and second boss of the Winter Hill Gang. The Winter Hill Gang infiltrated the FBI with agent John Connolly who was convicted of racketeering and murder. John Connolly is married to Elizabeth Moore a former FBI employee. The Winter Hill Gang takes its name from Winter Hill in Somerville, Massachusetts which takes its name from Irish settlers that took the name Winter as immigrants from the Galway region governed by the Earls of Winterton. The well known Whitey Bulger was a boss of the Winter Hill Gang and he still has some command from prison today. They use imprisoned mob bosses to run their criminal organizations for their attempt at a societal takeover with imprisoned bosses having the incentive of getting out of prison. Whitey Bulger is extremely evil and ruthless. George Hogan appears to be the still acting boss of the Winter Hill Gang which works with the Massimo and Bourbon-Two Sicilies owned Patriarca crime family of Boston which have their billionaire investor James Pallotta as a co-owner of the Boston Celtics. Donald David Turnour, 8th Earl Winterton, Robert Charles Turnour, Murray John Turnour, and Jonathan Winterton Behan Turnour are current members of the Irish Winterton Peerage. Louis Moore Bacon is of Irish nobility and a billionaire investor that owns Moore Capital Management. He is involved in international money laundering and pay offs for the Kinahan crime syndicate and their North American associates. Moore Capital Management was involved in manipulating settlement prices and insider trading. Investments in fake start up companies are ways they make criminal pay offs and it just looks like bad investments.
The Westies Mafia are still active today and headquartered in Hell's Kitchen in Manhattan. They have a money laundering operation in Atlantic City at Harrah's hotel and casino. John Bokun as an acting boss today. John Bokun was caught transporting large amounts of marijuana through his private jet several years ago. This however does not depict the real nature of John Bokun. He is extremely oppressive and a top enforcer. The name Bokun means to bend. John Bokun's job is getting members of the secret societies to bend into submission. John Bokun is a serious threat to all American people. He is extremely arrogant, oppressive, and murderous. Hell's Kitchen produces some really hellish criminals. There are also several secret societies in Irish Universities known as the Hell Fire Club which were originally headquartered at Montpelier Hill formerly owned by the Massy family. The Westies are being overseen by the Earls of Westmeath also in Galway with William Anthony Nugent and his son Sean Charles Weston Nugent as the heads. The Lyttelton family of Ireland have also been involved with the Westies. They held the titles of Earls of Westcote. The West End Gang is a powerful Irish Mafia in Canada allied with the Westies. The ruthless billionaire John Grayken is from Boston and owns Lone Star Funds which is used for making covert criminal pay offs. Boston is Winter Hill Gang territory. John Grayken moved to Ireland and lives at the former Guinness estate known as Pyrford Court. Pyr means fire similar to the Hell Fire secret society and Hells Kitchen. I believe there is a Hell Fire secret society at the Jesuit Boston College. The Irish mafia and their associates are the most torturous, murderous, and terroristic group on the planet. They are completely hellish and destructive.
The FitzGerald family are Irish royalty and the top Irish peerage today. They are the highest authority in Ireland. They are loyal to the Vatican and the Black Nobility and work with British nobility. Current members include Baron Adrian FitzGerald who is a Knight of Malta and the former President of the Irish Association of the Order of Malta. The head of the FitzGerald family is Duke Maurice FitzGerald of Leinster and his nephews Hermione FitzGerald and Edward FitzGerald are next in line for the title. The Kennedy family married in with the FitzGerald family with the Knight of Malta Joseph Kennedy marrying the Vatican Countess Rose Elizabeth Fitzgerald. The Kennedy family were and are closely connected with the mafia with Sam Giancana as a friend of Joseph Kennedy and Frank Sinatra friends with JFK. Carlos Gambino's daughter Phyllis Gambino-Sinatra married in with the Sinatra family. The corrupt Edward Kennedy Jr. is a politician and lawyer and a top member of the Kennedy family today. Joe Kennedy III is presently a politician as well. The Kennedy family are a top political dynasty in the United States and deeply connected with the Vatican and Knights of Malta as well as ties with the Irish and Italian mafias. Mafias are used to blackmail and intimidate politicians into carrying out the Black Nobility's agenda. The FitzGerald Earls of Desmond ruled in Rathkeale, Ireland where they built a fortress. The FitzGerald's of Desmond have some ownership over the Rathkeale Mafia which are an international Irish crime syndicate consisting of Irish Travelers and are believed to be one of the wealthiest mafias in the world. They are involved in high end thefts and target museums and auction houses. Mafias often run rackets at race tracks to fix their bets. J. P. McManus is a wealthy businessman from Ireland that has won millions gambling at racetracks in the US. McManus has done shady business deals that were investigated with Dermot Desmond who is an Irish billionaire and banker that covertly works for the FitzGerald's royal household.
submitted by AhuwahZeus to conspiracyfact [link] [comments]

[Table] IamA marketing executive at a casino AMA!

Verified? (This bot cannot verify AMAs just yet)
Date: 2014-05-07
Link to submission (Has self-text)
Questions Answers
So if he was making more than 500k it would be okay in your book? That's pretty messed up. Seems like I'd be even more of a piece of shit if I was that successful.
Are you involved much with the general goings on of the casino? If so, what goes through your head when you see huge amounts of money being gambled away by someone who doesnt know when to walk away? Yes, I'm an executive so I'm in touch with most everything that goes on. Most of the time when I see something like that, I just say "good for us" and try not to think about whether or not the person can afford it or not.
How much do you make a year? Unless you are making like $500,000+, then you are a piece of shit. you are destroying thousands of people's lives so that you can make a living and afford your bmw and other status symbols. I don't make $500K a year so I guess that makes me a piece of shit.
What is the worst most tasteless thing you or the casino in general did to make money? I, obviously, like to think I'm uber classy. But in general I think paycheck cashing promotions are pretty tasteless. E.g., Cash your paycheck and get 5% of the total value in free slot play.
Can you ELi5? Sorry, to me that just sounds like you hand over your $1000 you earned, and get back $50? Which seems wrong...? Or do you get an extra $50? Hmmm... Thoroughly confused myself. Let's say your check is $1,000. The casino will cash your check and then also give you $50 in promotional credits to be used on the slot machines. The idea is that since we've given you some "free" money to begin playing the machines you will also dip into the $1,000 cash that we also handed you.
Are there any clauses that prevent you from just spending the $50 in free bets and cashing out the $1k without actually playing with it? No, you get the $1K in cash and the $50 can only be used in the slot machine. I've done this once when I started my new job and my direct deposit wasn't set up yet so they issued me a live check.
How many people just walk directly out of the casino after cashing the check with their 5% bonus? I don't know, I've never run this promotion but generally speaking when we give away promotional credits, the "walk rate" is in the 25% range.
How often do you go to the strip clubs in vegas? If you go how much do you spend? Do you get treated better if they know what your job is? I really don't like them so not often unless someone is in town that wants to go. I don't have a moral objection, just think it's a waste. "Hey do you like to eat steak? Give me $20 to smell this delicious steak! No, you can't try it!!!".
So that having been said, I might spend $20 to give to the girls on the stage and maybe a lap dance.
No, I don't get treated better because of my title really. They usually just care about how much money you spend and that's it.
What are some sneaky strategies that you use to get people to spend more money? I don't mean obvious things like having ATMs...but things related specifically to gambling.. Ummm... Off the top of my head I think the sneakiest thing is probably side bets on table games (e.g., play an extra $5 and if your two cards are a pair then you win $25) because the odds are terrible or things like advertising low table game limits but modifying the rules (e.g., blackjack pays 6:5 vs 3:2) to increase the house advantage.
Some casino customers are super cheap and only play $1 Blackjack. Others are whales and the casino spends a lot of money to attract them, but they are rare. Somewhere in between, I imagine, there are customers who spend a significant amount and exist in numbers to make most of the casino's profits. First, we quantify most everything by "theoretical worth". That is, how much we can expect to win from you based on the house advantage of the game you play and how long you play. The general formula is decisions per hour X house advantage X hours played X average bet. So, $25/hand at blackjack X 1.5% house advantage X 2 hours played X 60 decisions per hour = $45 in theoretical worth.
Is that true? How much does a "bread and butter" customer gamble in a day? Second, It really depends on the particular property. The number is a lot higher for Wynn then it would be at Joker's Wild (a really, really dumpy casino on the outskirts of Vegas). That having been said, most places will be very happy to have you if you are in the $150-300 a day in theoretical worth range.
That sounds pretty affordable. Assuming a 30% comp return I guess that comes out to $50-90 in comps a day. 30% includes the stuff we send you in the mail generally too so at the $300 range you could expect a room and a meal a day.
What kind of awful rules are you using to have a 1.5% house advantage, or is that number based on the average player being really terrible? How much in comps would I actually generate for two hours of $25 a hand Blackjack? I just threw the 1.5 number out there. We also factor in skill into house advantage so as to be more favorable to the player, comp wise. comp wise we'd probably give you 15% of the $45, or $6.75. That's just in what we call discretionary comps that the pit supervisor or host can give you. Then you could expect another 30% in the mail via free bets, hotel, food, etc.
I guess you need to register with the casino loyalty club so you know what we are spending. Correct.
I currently reside in Arizona, where you can't swing a dead cat without hitting an Indian reservation and - as a result - a casino. Well I've worked all over the country and, yes, of course we always keep an eye out on new competition that would impact our existing customer base, especially as the business has seen much more legalization in new jurisdictions in the past 20 years.
The casino/resorts are getting increasingly sophisticated. Better facilities, better entertainment, and better marketing. For Vegas, I think most strip properties have dealt with this by investing in properties in regional markets so as to send their customers to their Vegas properties so it is pretty accretive. Someone from Harrah's Ak-Chin in the Phoenix area gets offers from Harrah's Las Vegas quite often.
Is this something the Vegas casinos consider a rising threat, welcome competition, or something else? How do you - as a marketing guy - react to the fact that a trip to a casino no longer necessarily means a trip to Nevada or New Jersey? The bigger problem really is for the markets where they were a monopoly for some time and really rested on their laurels. Reno and Atlantic City come to mind. Those markets are dying fast and there really isn't much upside. In Atlantic City, for example, you have casinos buying competitors just to close them so as to reduce the inventory.
What really happens when somebody wins on a slot machine? Like, what is the behind the scenes stuff that we don't see? Are they checking out the cameras to make sure it was that specific person before they payout? What if you switch seats? What if an underage gambler wins?... What if they switch seats with an of-age gambler?? Honestly, I've never done that, but I've always wondered the underage stuff because I've never ever got carded on slots! I've won hand-pays before (nothing really exciting) and they always hit me with the tax form. What do you guys do with the tax form? Does it get sent out from you guys or does it remain my responsibility from thereon? I worked as a slot analyst (analyzing machine performance) years ago and never on the floor so I don't know/remember the exact steps. Essentially, though, it's verifying that the machine is functioning properly and recording the details of the jackpot for audit/regulators. If it is a taxable jackpot ( >= $1,200) then we are required to fill out the IRS W2G form to report it to them for tax purposes so at that point we have to get your ID, etc. to facilitate that. Then of course, there is the matter of actually paying you the money, verifying that it is the correct amount, etc. The tax form does get sent to the IRS. You can request the taxes not be taken out of your jackpot as you are only taxed on the net win at the end of the year.
How did you get involved in the casino bussiness? 1/2.) Just needed a job and applied to a very entry level job and worked my way up.
Did you set out to work at one or did it come about another way? 3.) It can be fun and exciting.
What do you enjoy most about your job? Least? 4.) There's a lot of pressure to make money/meet your budget so all of the bullshit that goes along with that. Dealing with politics, having to adjust staffing, etc. And I don't like that at my level the usual tenure is 2-3 years so you move around a lot. I'd like to be more settled, especially in a place I'd really want to live for a long time and I don't feel like I have much control of that in this business.
1) When you talk about being moved around a lot, is that relating to being moved around in what you do at a particular casino? or more like which casino your working at? 2) Do you feel that your skills at this current job gives you fallback options should your tenure run out? ( Such as in other service based industries?) 1.) I mean there is only one of me at every casino so if something happens whether I don't like where I work or what something different (e.g., more money) or they don't like me (shocking, it happens!) then the likelihood that I have to move is high, especially if I'm in a city that only has a handful of casinos. 2.) I obviously feel like my skills could take me anywhere! But in reality, it has been tough to change industries when I've tried. Usually places like hotels don't pay as much as casinos and look for more sales-related skills and restaurants don't really have marketing people except at the corporate office whereas my skills are more analytics-oriented. And both usually pay less than casinos.
time I went to Vegas (around 30 years ago) it still had that "mob" vibe. When I got married there in the 90s (I joke now that I gambled on marriage in Vegas and lost half my stuff) it was much more "corporate" and "family friendly." The "What Happens in Vegas" campaign seemed to try and change that perception. Do you think there's value in returning Vegas to a more "wise guy" kind of feel...playing up the classic vibe, or is it just a big collection of theme parks with gambling? The problem with returning to that type of vibe is that it's difficult/impossible given how big the casinos are. Sure it was easy for Benny Binion to control everything and not be "corporate" when the old Horseshoe was literally 1/10th the size of MGM Grand.
What was UNLV like? Did you live in the dorms? It seems like a strange school where everyone commutes and there's no college life around the campus. What are the pros and cons of going there? I went there for grad school so was older and had a wife and a house. It is definitely a commuter school so there's not a lot of school spirit. I went to undergrad a school with a huge, huge, huge, football program so it was a bit of a change for me. I also didn't find the students to be terribly bright (with exceptions, of course). On the upside, a lot of people like living in Vegas and the Hotel Administration College (where I went) has very, very good brand recognition.
Do you find people have lots of misconceptions about the casino industry? That the games are rigged and that we love giving away a lot for nothing/little in return are probably the two biggest.
So what's up with prostitutes and the casinos? I understand that prostitution is illegal in Vegas, but that they're still there. Is it like the movies, where they're just hanging out in the casino bars waiting to be picked up? Yes, they hang out at the bars and then there are services you can call and have them sent to your room. If it's overt, casino security will clear them out of the bar area but the vice cops generally focus on human trafficking kind of stuff.
As an insider, what do you think the job prospects are in the industry for someone with a similar education background, but no casino experience? 1.) The industry relies heavily on industry experience so job prospects are good if you're willing to start in a low position and work you're way up. If you go to UNLV and get the degree I got and expect for some casino to make you a Director of VP with no experience then you're going to be very disappointed.
Is that just bizarre luck? 2.) Bizarre luck.
What does the industry think about states with Indian reservations that prohibit casinos like Texas? 3.) Definitely potential opportunity. I've read about that small tribe in Texas. It'll happen eventually in Texas. The people in Louisiana will not be happy, though.
Is it viewed as a potential opportunity for growth with a small tribe, more competition, or a wedge to open the state to gambling? 4.) No problem!
For every average person out there, would you suggest not playing? I mean, in the sense that, it's just not a viable option? Viable for what? Making consistent money? Then definitely not. If you are entertained by thrill of gambling and have the discretionary funds to do it, then by all means.
Aw okay! cool. Any idea why people do it? Is it just a thrill? Would being a "whale", make more of a difference? For the people that do it for entertainment, it's the thrill of anticipation.
Was it hard getting a job with such a detailed degree? My undergrad degree is pretty bland, political science, so it wasn't hard at first. I did my grad degree in casino management because I was living in Vegas, wanted to get an MBA, didn't want to take 2 years off from work to get a full-time degree, didn't have the support of my job to get an executive MBA, and didn't like UNLV's MBA program.
EDIT: Thanks for answering my first AMA question! Really good answer too! NP! Keep asking away!
What's your favorite aspect of your job? And do you like to gamble yourself? 1.) It can be exciting. Picking new acts to play in your showroom seems more exciting to me than selling propane. 2.) Yes...
What is the best way for tourist to get the best bang for buck in your casino for entertainment, food, gambling etc to have a good time and not go broke? I'm currently working at a Vegas strip property.
If you can answer in terms of Vegas, that would be great also. Unless you have something more specific in mind, the first place I'd direct you to is the Las Vegas Advisor Top 10 Deals List.
With legal online poker gaining momentum which might mean eventual legal online gambling for other house games online; are the casinos doing what they can to kill this before it starts or your thoughts on this? Las Vegas Sands / Venetian is actively trying to kill it (which I don't really understand) but everyone just sees it as a means to make more money so are ready to pounce when it's legal.
I don't know if you're still answering questions, but what are the qualifications for being, say, a Texas Hold'em Dealer in Vegas, specifically your casino, and are the dealers specific to just one game? I.e. omaha, hold 'em, pai gow, stud... Also, without being too specific, what is the average annual income for said occupation? Are the dealers payed solely by tips/do they get to keep all tips? 1.) Generally there are poker dealers and table games (e.g., blackjack) dealers. Few do both. Among the table games dealers, most know multiple games as the more you know the more hirable you are. In terms of the qualifications it's just that you've gone to some sort of dealer school (there are commercial ones and some casinos do it in-house), experience, and a live audition. 2.) Really depends on the market and the casino. At the high end like Wynn or Venetian they will do close to $100K/year but at an entry-level place it could be more like $25K/year. It's base salary plus pooled tips (aka tokes).
3.) You've never thought of dealing the WSOP? They need as many dealers as they can find.
Do Casino's design their decor for different target groups? Of course. Hard Rock and Cosmo are designed for younger demographics and Wynn and Venetian for older affluent ones.
I find all Casino's to be outright horrible to my senses due to the noise/flashing lights. Encore and the new Barrymore are definitely designed for the Asian gambler. And you'd, obviously, have to assume the casinos in Macau are, too, although I've never been.
Could you describe your typical work day? also I've had some great times a Joker's Wild! Ha! I honed my dice skills at JW!
Typical work day is get to work and look at the previous day's financial results and react accordingly. I.e., ask the analysts to pull numbers, talk to the head of a certain department about their opinion on something, etc.
Emails emails emails.
Then it's usually a lot of meetings about upcoming things whether it be planning an event, approving new advertising, doing the strategic planning for the property for 2015, meeting with vendors, etc.
Emails emails emails.
By this time the numbers or reports I've asked to be run are ready so I sit down and look at them and act accordingly (e.g., hey, looks like we're spending too much on postage to mail to customers too far away, let's change the way we do this for next time), etc.
Emails emails emails.
Then it's usually time to go home but 2-3 times a week I'll have a dinner or event to go to with a vendor or colleague or someone from the press.
Emails emails emails.
Probably 2-3 Saturdays a month I'll go in and work for a few hours just to catch up on stuff or if there's an event to meet and greet players, make sure everything is going well, etc.
Emails emails emails.
Has the rise of 6:5 blackjack been hurting the game's popularity, or are there enough people who don't "get" the odds change (or don't care) that it all works out in the end? Is the odds change enough to swing the game back in the casino's favor in the long run even if players count cards? And what about continuous shuffling machines: have any of the casinos you've been with used them, and how did the players react? The masses don't care about either especially if you're able to offer low limits. The limit and the number of decks is what attracts people to a bj game. Still never going to allow counting.
Is is harder to get jobs in the background or management functions of the casino? Well certainly there are more what we call "front of house" positions (dealers, porters, servers, bartenders, etc.) than "back of house" positions (accountants, IT, warehouse, etc.) so in terms of pure numbers, yes it's easier to get -any- FOH than -any- BOH position.
I'm an IT grad looking to move back to Vegas and wondered if there were more "non-floor" jobs than actually functional jobs. That having been said, if you're wanting an IT position shouldn't be too hard if you're willing to work anywhere and have a little experience. If you're wanting to just jump into the CIO job at Bellagio, more difficult.
Great! thank you. I've got about 8 years under my belt, but dear god...no CIO for me. This really eased my worry about options. thanks. You should be OK as long as you're not too picky.
Just how rigged are the automatic roulette machines? They aren't. The games have to go through pretty rigorous testing by the state or an agency of the state to be allowed to be sold. Gaming Labs International is one such company.
I would think that SEO campaigns and similar web based marketing would be ineffective techniques for a casino in a place like Las Vegas. Is this the case? I know I'm quite late but I would love to know if you have time. We definitely do SEO/SEM campaigns but primarily for hotel related keywords for people looking for hotel rooms. I worked at a place a little outside of the main city in the south one time and we'd buy broader search terms for people looking for "entertainment in main city" in case they didn't know there was a casino nearby.
Thanks for the response. I was just curious about engaging people in person in public? Do you operate campaigns on the street such as call to action flyers or similar? Are there laws specific to this type of promotion in Las Vegas? Not a typical marketing channel most casinos explore, but it's not entirely unheard of. Sorry I'm not entirely sure of the laws.
Who owns the casino you work at? Is it one guy or a publicly traded company? I'd rather not say as I don't want to be outted but I have worked for large publicly traded companies, privately held companies (e.g., owned by hedge funds), and publicly traded companies where one individual owns the majority of the shares. I've never worked at a privately owned casino owned by one individual, though.
How do I get over 65 year olds excited about my product? Without knowing what said product is, the best thing I can say is to figure out how to make it relevant to them.
What does a marketing exec. at a casino make a year? Depends on the size of the property. 75 at a small riverboat casino to 250 at a large place like Bellagio.
To succeed in marketing, what is the first step to landing a successful job? and what should be the over arching goal in mind to maintain a competitive advantage over fellow competition as well as new shifts in market trends? 1.) be tenacious. take any job you can get. be a sponge and learn everything you can.
2a.) don't be afraid to fail, but be smart (and profitable) about it.
2b.) don't rest on your laurels. stay in touch with your customers.
Go on ... What does a casino do in that regard? From a gambling standpoint, people in that age range like penny slots so we offer a lot of penny slots. We put on shows that would appeal to them. We would make the decor more classic vs hip. Etc.
I've always wanted to work in the gaming industry. I have a strong sales background and a B.S. degree... which department would you recommend to get my feet wet? Probably player development which is the department that deals with VIP guests or maybe special events/promotions.
What's the best movie you've seen this year? You did say we could talk about life in general... Absolutely! 12 Years a Slave.
Edit: Also, Dallas Buyer's Club.
Dang, haven't seen it yet...will have to wait for it on DVD or streaming. Edit: Haven't seen that one either. I'm starting look like a Philistine. It's pretty heavy but sometimes that's good.
Do you prefer to market for families or adults? Casinos are adult fun, but I've noticed a shift in the past decade. Definitely adults.
Your AMA was one of the best, you answered almost every question, so if you're still answering here's one: If a young person comes in and wins more than 100k and then just leaves, would you suspect him/her of anything? It really depends more on the manner in which you win and how you behave. We're required by law to fill out a Currency Transaction Report for transactions over $10,000. So if you got to that point you would have already given us your ID, etc. We'd obviously make sure that surveillance is watching you to make sure you're not cheating but if you're on a random hot streak and betting $10K/hand then it wouldn't be a huge deal at most strip properties.
How about a free load just this once? lol. But hypothetically what would 10 grand get you :( At my place, (which is not an uber classy place like Wynn or Venetian), you'd get pretty much whatever you'd want. Suite, dinners, limo from the airport, show tickets, etc. We'd generally reinvest in you 30% of your loss so just figure out what $3,000 in comps would get you.
What advice can you give to new grads who want to get into marketing, but can get work due to lack of experience? As I mentioned in a previous post, I believe you really just need to be tenacious and take anything to get your foot in the door. It's a very crowded field, especially on the what I call "pretty picture" side of marketing. I wish I had a more specific answer to give you.
What does being a marketing executive involve? I usually say I'm in charge of driving profitable revenue. The departments that report up to me are charge of advertising, promotions, entertainment, public relations, direct mail/database marketing, and VIP marketing.
I'm coming to Vegas in December from Australia, can you PM me your email address? Just PM me. Happy to see if I can help
Do casinos hire interns? I'm currently a student at a public university. Absolutely. I think most of the major companies have management training/internship programs. Go to their careers websites. Caesars Entertainment, MGM International, Pinnacle Entertainment, Penn National Gaming, etc.
Would you recommend a job in marketing? what skill sets would be helpful for marketing? i'm interested in it but not entirely sure what it's about. I think the best combination in today's world is to be more right brained with a creative bent as more and more the question asked of marketing folks is "quantify how your idea makes me money?" and less and less "what's the most most creative idea you have?"
It's a crowded field especially on the left brained side (e.g., advertising and public relations) because people think it's "cool". So if that's you're interest, I'd say being tenacious and creative is what is going to get you far in that world because it's tough to get your foot in the door and you have to have thick skin and then when you do get your foot in the door you are going to have a very short leash to prove yourself.
Any specific company you recommend? If you're at the intern stage, apply liberally.
Do you have the sides backwards, or do I? Um, well I think of left brained as creative and right brain analytical?
How selective is the casino management program at UNLV? The hotel management program in general is not selective but the casino management program is difficult because it's pretty quantitatively-focused so there's a lot of attrition.
What do you do for family entertainment in Vegas? I'm single so that having been said, there's all your typical family stuff to do here: parks, camping, hiking, movies, bowling, etc.
You don't have any family in Vegas? What's something that you go do with your friends, then? I'm not from here and my ex-wife hated living here thus why she's my ex. My friends and I go and see concerts, go to bars, we like guns so go shooting sometimes, and most Sundays cook for each other.
Sounds like a nice life! It's OK. City is kind of soulless and superficial.
One of my favorite aspects of Vegas is that if you want your experience to improve, it's usually a strategic $20 tip away... whether that be a tip to upgrade your room when you check in, to skip the long line at a club, to get a table with a great view at dinner... What potential 'Experience' improvements would you recommend in Vegas? Link to thetwentydollartrick.com
Vegas or Macau. Which is better? Better for what?
Have you read The Stars My Destination by Alfred Bester? I haven't.
So basically I should just buy from the half off kiosks? Yes.
How do you feel about those who are addicted to gambling and those who have lost everything because of it? Bad, obviously.
Late to this ama, are you still taking questions? Sure!
Sure buddy. Do you mean to say that you don't believe me?
I just got started in hospitality marketing, any advice? Doing what, exactly? Just be willing to make not a lot of money for awhile and be willing to relocate frequently if you want to move up the ladder. I guess those are the first things that come to mind.
Have you had any good marketing ideas that you couldn't do due to marketing regulation. Not necessarily due to regulation but a lot of times you're gun-shy to do a promotion because well, what happens if no one shows up?
Bastard. Danka.
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