Casino Reinvestment and Expansion

The Proper Care & Feeding of the Golden Goose

Under the new paradigm of declining economic conditions across a broad spectrum of consumer spending, casinos face a unique challenge in addressing how they both maintain profitability while also remaining competitive. These factors are further complicated within the commercial gaming sector with increasing tax rates, and within the Indian gaming sector by self imposed contributions to tribal general funds, and/or per capita distributions, in addition to a growing trend in state imposed fees.

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Determining how much to “render unto Caesar,” while reserving the requisite funds to maintain market share, grow market penetration and improve profitability, is a daunting task that must be well planned and executed.

It is within this context and the author’s perspective that includes time and grade hands-on experience in the development and management of these types of investments, that this article relates ways in which to plan and prioritize a casino reinvestment strategy.

Cooked Goose

Although it would seem axiomatic not to cook the goose that lays the golden eggs, it is amazing how little thought is oft times given to its on-going proper care and feeding. With the advent of a new casino, developers/tribal councils, investors & financiers are rightfully anxious to reap the rewards and there is a tendency not to allocate a sufficient amount of the profits towards asset maintenance & enhancement. Thereby begging the question of just how much of the profits should be allocated to reinvestment, and towards what goals.

Inasmuch as each project has its own particular set of circumstances, there are no hard and fast rules. For the most part, many of the major commercial casino operators do not distribute net profits as dividends to their stockholders, but rather reinvest them in improvements to their existing venues while also seeking new locations. Some of these programs are also funded through additional debt instruments and/or equity stock offerings. The lowered tax rates on corporate dividends will likely shift the emphasis of these financing methods, while still maintaining the core business prudence of on-going reinvestment.
Profit Allocation

As a group, and prior to the current economic conditions, the publicly held companies had a net profit ratio (earnings before income taxes & depreciation) that averages 25% of income after deduction of the gross revenue taxes and interest payments. On average, almost two thirds of the remaining profits are utilized for reinvestment and asset replacement.

Casino operations in low gross gaming tax rate jurisdictions are more readily able to reinvest in their properties, thereby further enhancing revenues that will eventually benefit the tax base. New Jersey is a good example, as it mandates certain reinvestment allocations, as a revenue stimulant. Other states, such as Illinois and Indiana with higher effective rates, run the risk of reducing reinvestment that may eventually erode the ability of the casinos to grow market demand penetrations, especially as neighboring states become more competitive. Moreover, effective management can generate higher available profit for reinvestment, stemming from both efficient operations and favorable borrowing & equity offerings.

How a casino enterprise decides to allocate its casino profits is a critical element in determining its long-term viability, and should be an integral aspect of the initial development strategy. While short term loan amortization/debt prepayment programs may at first seem desirable so as to quickly come out from under the obligation, they can also sharply reduce the ability to reinvest/expand on a timely basis. This is also true for any profit distribution, whether to investors or in the case of Indian gaming projects, distributions to a tribe’s general fund for infrastructure/per capita payments.

Moreover, many lenders make the mistake of requiring excessive debt service reserves and place restrictions on reinvestment or further leverage which can seriously limit a given project’s ability to maintain its competitiveness and/or meet available opportunities.

Whereas we are not advocating that all profits be plowed-back into the operation, we are encouraging the consideration of an allocation program that takes into account the “real” costs of maintaining the asset and maximizing its impact.

Establishing Priorities

There are three essential areas of capital allocation that should be considered, as shown below and in order of priority.

1. Maintenance and Replacement
2. Cost Savings
3. Revenue Enhancement/Growth

The first two priorities are easy enough to appreciate, in that they have a direct affect on maintaining market positioning and improving profitability, whereas, the third is somewhat problematical in that it has more of an indirect affect that requires an understanding of the market dynamics and greater investment risk. All aspects that are herewith further discussed.

Maintenance & Replacement

Maintenance & Replacement provisions should be a regular function of the casino’s annual budget, which represents a fixed reserve based on the projected replacement costs of furniture, fixture, equipment, building, systems and landscaping. Too often however we see annual wish lists that bear no relationship to the actual wear & tear of these items. It is therefore important to actually schedule the replacement cycle, allocating funds that do not necessarily have to actually be incurred in the year of accrual. During a start-up period it may not seem necessary to spend any money on replacement of brand new assets, however by accruing amounts to be reserved for their eventual recycling will avoid having to scurry for the funds when they are most needed.

Four Issues to Consider When Choosing an Online Sportsbook Or Casino

For clients in areas where sports betting is both legal and popular, having a slight edge can mean the difference between winning big and winning just a little bit of money. And if someone is going to wager any money at all, why should they not want to win as much as possible? Thankfully, with the numerous technological advances in internet technology, people have many more options than ever before when it comes to betting online and getting the best deals possible.

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One of the first considerations in signing up for an online sports betting website is the sign-up bonus. Some sites will give new clients 10%, 15%, or even more as a bonus. This means that if the initial deposit is $100.00, the casino will actually credit the bettor’s account with $110.00. This is money that can usually be played on any of the site’s games, from sportsbook odds to online casino games like video poker or progressive slots. Thus, the sign-up bonus is very important when choosing a site to gamble with.

Second, people thinking of wagering online should find out if the online casino has a customer service telephone number, if it is staffed by people working for the company, and if it is easy to get through. Working with a company that has excellent customer service is vital when considering an online casino, as it can prevent extra frustration in case there is any issue that needs to be dealt with. Professional customer service is important in every industry, especially one so centered on clients’ money.

A third issue that gamblers should consider is the licensing of the company, both in the country in which the customer is located and the country in which the company is located. While many countries do not yet license online casinos located in other nations, it is important that the sportsbook follow the reasonable rules and laws of the country in which it is located. Some nations have strict rules for casinos, while others have a more free-market approach. And obviously, any casino with suspicions of being tied to any kind of crime should be avoided entirely, no matter the bonuses or payouts.

Finally, the software running the odds and games themselves should be a consideration. Online casinos uses a lot of randomization software for their table games, and calculation software for odds and payouts. It is vital, as a prospective client, to know that this software is not rigged or “fixed” in any way that would make the games less fair. Many sportsbooks have independent companies examine their software, just to make sure that it meets the highest standards of the industry, but others may not go through this process.

Gambling online can be fun, lucrative, and safe, as long as prospective customers do their research about the online casinos as thoroughly as they do it on the games that they are planning to bet on. No one should risk all of their money and all of their bets on just any casino, or even the best-looking one, if it can not be trusted in other ways to maintain a good environment for bettors and makes absolutely sure that the games are as fair for everyone as possible

No Credit Check Loans Offer Low Credit Score Applicants an Avenue to Redemption

. These exceptional advances are given for a brief timeframe and are intended to fill a need like a Mastercard without the slick cash loan. and terrible emotions made by a credit check. On the off chance that you feel like the utilization of a no credit check advance is a decent choice for you, this article will give you an essential overview of the application procedure and the data you should get quick moment to money.

Awful Credit Is No Problem

One of the issues individuals with awful credit frequently experience is that they neglect to fit the bill for charge cards and have no real way to get an individual advance. This is on the grounds that these sorts of financing depend intensely on layaway checks to decide whether you will get the cash you look for. Along these lines, those with awful credit are quickly denied for such choices or, in all likelihood are offered such high financing costs that taking the advance is not, at this point a consolation.

Notwithstanding, no credit check advances work in an alternate manner. As their name suggests, these advances don’t expect borrowers to experience a credit check. The financing costs are generally fixed and the guideline sums lent are resolved dependent on your salary alone. Hence, having a background marked by awful credit won’t contrarily sway your capacity to obtain.

The Qualifications You Do Have to Meet

It is not necessarily the case that anybody can simply get an advance without any capabilities. Or maybe, no credit check advances simply rearrange the capabilities that you have to meet. On the off chance that you meet their prerequisites, you will get a credit and have almost moment access to the assets. The essential capabilities for a no credit check advance are:

· Proof of U.S. citizenship or Permanent Residency.

· Proof of normal work for at least a half year with a consistent check.

· Proof of a present financial balance, which can be either checking or reserve funds.

· Proof old enough – least 18 years of age is required.

For whatever length of time that you have documentation that underpins these capabilities, you can get a no credit check advance. Since you give a financial balance and steering number as a component of the application procedure, when you are endorsed, your assets will be kept legitimately into that account, permitting you moment access to money.

What You Can Expect

No credit check advances are not quite the same as a large number of the more typical advances individuals know, for example, vehicle advances, home advances and understudy advances. Rather, these sort of advances are given for a brief timeframe and for low rule sums. These sort of advances are additionally called payday advances therefore. They for the most part equivalent close to one payday of money ($100-$1,500) and are reimbursed inside the course of one to two payroll interval (2 a month).

Thus, your evidence of work is the genuine need while applying. The loan specialist that you converse with will base the measure of cash you get and the measure of time that you get it on the recurrence and measure of your standard check.

A Great Alternative

People with awful credit frequently feel lost when they need moment access to money. There are scarcely any alternatives as Mastercards or customary advances for them. That is the reason no credit check advances are so helpful. They offer an incredible option in contrast to these different strategies for getting to reserves quickly without the issue of credit checks and awful credit dismissal.

With the difficult work being finished by the military both at home and abroad, it is fairly well-suited that they ought to have the option to source advances without the additional worry of experiencing a credit check. The accessibility of no credit check advances to individuals from the military successfully implies that an advance is readily available, however there are as yet money related angles that should be remembered.

Online Dating: Don’t Count Your First Date As a Real Date – Call It “Date Zero”

In a recent dating coaching session with Marjorie, she kept throwing around a term I had never heard of before. She referred to her first date with a guy from Match as “Date Zero”. How incredibly clever of her!

Why did Marjorie name her coffee dates “Date Zero”? Very practical really. After being on numerous first dates with men she has never met before, she simply realized these meetings weren’t  dating a filipina  like real dates. That’s because neither party knows if they will be interested enough to start seeing each other. A lot of ground has to be explored before that can be decided.

For example:
• Do you find each other attractive?
• Can you understand each other’s sense of humor?
• Can you hold a comfortable and interesting conversation?
• Do you want to know more about each other?
• Do you share a similar world view so you get each other?
• Do you have similar tastes in music, travel, sports, hobbies, etc?
• Do you have a similar dating agenda?

When you meet a man for the first time at a party or singles event, you can size each other up in person, face-to-face. But that’s not possible online. So, your first step is “Date Zero” with the sole purpose of determining the level of interest to find out more.

Reading the outcome of Date Zero can be very difficult. Sometimes it seems like you are getting along famously, but you never hear a peep from the guy again. Other times you have a moderate to low interest level and naturally those are the men to call. Now you can understand why Marjorie has taken to calling the first meeting Date Zero and I have to say, this is not only clever, but extremely savvy.

The truth is, a first meeting means absolutely nothing. That’s why my dating coaching client has wisely chosen not to count it as a date at all. It’s just a meeting and what matters most is not if you had a powerful connection, but if THE GUY CALLS FOR ANOTHER DATE. Or better yet, if he asks on the spot for that next date. Then, you’ll be going on your first date!

What’s the benefit of defining the process this way?
1. Takes the pressure off so you can relax and be your best self
2. Minimizes the chance of instant attachment that some women experience
3. Allows you to maintain a clear and objective viewpoint so you can make good decisions
4. Keeps the meeting in perspective so you don’t over-value the date

I highly recommend following Marjorie’s attitude about first dates with online prospects. Date Zero can be fun. It can produce a second, real date. But most importantly, it’s a perfect opportunity for you to practice flirting, use your feminine charm, hone your conversation skills, and build confidence in your ability to handle a first meeting.

When you adopt this outlook, you’ll  asian women dating  learn how to maintain a “we’ll see” attitude to manage your enthusiasm and remain neutral. The purpose of dating is data collection – finding out his interest in you and your interest in him. Neutrality allows you to objectively collect data without getting emotionally attached before you know he’s worthy. Give this way of thinking about your coffee chats a try and discover how it helps you better navigate the potentially emotional and muddied waters of online dating.

What Thoughts Are Your Social Media Marketing Campaigns Triggering in Your Customer’s Mind?

From the outset, I was a supporter of this. I accepted that showcasing and publicizing was frequently something that lone bigger organizations could manage, and that independent company smm panel was by and large deserted. Internet based life promoting took into consideration even a mother and pop shop to contend on the web.

Such huge numbers of organizations spent incalculable hours and a great many dollars in HR to develop their adherents on the web.

Having tricked them into their nectar trap, web based life organizations at that point held supporters and fans prisoners. You needed to pay to approach the userbase that you developed and developed.

Out of nowhere the numbers didn’t bode well. You needed to pay to advance or lift posts when beforehand it was free. The outcome was tragic for some organizations. The ROI’s didn’t make any sense, yet with such a significant number of their clients on these stages, they had minimal decision however to proceed to attempt to get whatever esteem they could for them.

In addition, the transition to such advancements opened up the Pandora’s crate to additionally manhandles. The drive for income apparently made social stages keep on looking the other path on counterfeit profiles and online life bots since they drove promotion deals. Individual information was collected and controlled in manners that clients couldn’t comprehend and didn’t consent to.

Generally, it planned something for promoting that I don’t know we can recuperate. For some, advanced showcasing firms and advertising offices, it constrained us to down the Kool-help with every other person. Individuals that ought to have realized better multiplied down via web-based networking media promoting for our customers when we knew – for a large portion of them-it was superfluous.

Promoting and publicizing offices became accessories sometime later.

Like I said before, showcasing and promoting offices and experts should fixate on exactness. We need our customers to have the absolute best ROI accessible.

Be that as it may, similar to experts in any business vertical, we’re self-serving.

One of my preferred instances of how individuals who might realize better will say anything for a buck is realtors.

Have you EVER heard a realtor reveal to you it’s an off-base time to purchase a house? In the entirety of my days, I have never perused an article by a realtor saying that individuals should hold off on a buy. House costs going up? An incredible time to purchase; you’ll bring in your cash back right away! House costs going down? It’s a purchasers showcase! Lock in your investment funds now!

Showcasing and promoting experts accomplished something comparable with web based life advertising.

We saw the stages’ ascent in fame and would not like to get trapped in a sway. The buzz was working behind them, and customers were frequently requesting us to support them. So – despite the fact that Facebook and Twitter were generally doubtful with next to zero real contextual investigations to talk about numerous organizations advised their customers to toss cash into the dark opening of social.