CET debt

[notes1]

got to admit, that was clever.

[JIMDUECE`SWILD]

http://www.pressofatlanticcity.com/busi ... 28f55.html

[notes1]

Good article. Do not want to pretend i know bankrutcy law or give investment advice. But, whether one trades a debt payment obligation to expected REIT income payment, CET has a lot of debt or shareholders who are expecting to receive something for their investment.  The monies to pay those obligations has to come from someplace. If one had a growing business with a lot of new revenue, it might be easier to meet those payments. The casino business is more competitive than ever and some of CET's newest casinos have been reported to be underperforming expectations.  I would not be expecting any increase in gambling payouts soon. We are the source of the money to make those payments.

[DaBurglar]

[QUOTE=notes1]

i have been reading comments on this site for about 6 months, never saw CENSORED before. can someone explain???
   I self censored myself before I said something to rile the self centered.[/QUOTE]


got to admit, that was clever.Notes1:  Your
comment above about "not knowing bankruptcy law"  shows you to be a
honest, down to earth, humble person......none of us here (as far as I
know) are actually bankruptcy attornies, so therefore, we are all simply
expressing our OPINIONS and perspective based on our own unique
individual experience and belief.   You should not hesitate to write or
say what you think, believe or feel.....what you have to contribute is
just as valid as anyone....That being said, what you wrote above concerning how CET  truly has a lot of debt to pay, and that the money "eventually has to come from somewhere"   is truly the crux of the matter.     The article which describes and quotes CET and its executives (i.e. Loveman) trying to put the best possible "SPIN" on the measures they took is really just propaganda.....the company ultimately did NOT plan or intend to be in this position, and it is due to their shortsighted, erroneous and awful business practices and strategy (or lack of one) over the preceeding 10-15 years.......as I said, it remains to be seen whether this latest move with the REIT and ancillary measures is the ticket to rectifying the balance sheet and returning the corporation to fiscal health, but a LOT of additional things must transpire if CET is to return to the top of its industry.....   I personally think a lot more needs to be done, especially massive restructuring and asset selling off, with cost cutting......CET must accept that "Being the biggest" is not something that is conducive to maximum shareholder value and fiscal health/stability, since the business of gaming has radically changed in the past 7 plus years, and "smaller and leaner" is now the new paradigm instead of "bigger and BIGGER....and more BIGGER-er up to the ephemeral concept of TOO BIG TO FAIL" ...... that is just no longer possible or acceptable.

[Tedlark]

The word listed above (attorneys) is probably the correct spelling for the word that you entered (attornies). This is just an educated guess based on commonly misspelled words. To double check that this is the correct word you can use the resources below to find the definition of attorneys, antonyms for attorneys, synonyms for attorneys, quotes relating to attorneys and other information about attorneys.  From Dumbtionary.com.

[DaBurglar]

The word listed above (attorneys) is probably the correct spelling for the word that you entered (attornies). This is just an educated guess based on commonly misspelled words. To double check that this is the correct word you can use the resources below to find the definition of attorneys, antonyms for attorneys, synonyms for attorneys, quotes relating to attorneys and other information about attorneys.  From Dumbtionary.com.Yeah, i think yew are write, since the word attornies was uhnderlined in the color read in my initshal pohst ..... good katch ......You know Ted, most people here can see right through your pettiness, your spiteful, absurd ..... self-centered ..... posts which only serve to highlight your own insecurity and lack of depth.     Why do you do that? You honestly think pointing out a spelling error/typo in a post invalidates what I was saying, and by extension, raises you up somehow to my level?   Your post about "censorship" being your own exercise in self control is just the latest example of your hypocrisy......pathetic.

[Tedlark]

  Actually the word was only underlined when you were composing the post and it would not be present to the rest of us after you post it. Because your mis-spelling of the word attorney in its plural form I am only guessing you may not associate with Harvard Law grads? My hypocrisy has its boundries DaBurglar, better circle your wagons...

[notes1]

DB, thanks for the kind words.   I think everyone is entitled to their opinion, as long as we state it as such. The internet is full of so much garbage, that is stated as fact. While i agree with much of what you post, i think the optimism you posted on another thread, about the possibilty of CET AC casinos giving better payouts, is too hopeful. Until CET reduces their obligations or the economy improves sharply, i see little hope for players to see higher payouts. Having been there many times, it is the only casino destination i have been, where they believe THEY are doing us a favor, by allowing us to visit.   Sometimes, i think folks forget that casinos are a business. Once we slip a dollar into a machine, before that machine will give us anything back, there are a whole slew of entities who want it first. Those free drinks, free rooms, free plane rides, free food, employees, government, creditors and so on, all want some of each dollar we gamble. Thus, every game is a negative expectation. I find it interesting that while you and i and a few others have stated our personal experience that the cost of gambling has increased, others keep denying it. Yet, i keep reading more and more posts from folks stating how they are adjusting their casino play. Some of the same people who do not believe the casinos have done anything to the machines, have no problem stating that playing other than max coins, has a better payout. They are contradicting themselves.   DB, no matter how much negative feedback you get from some on this site, keep posting. I think you bring up some of the more interesting topics. b/t/w, i never won a spelling bee contest either.

[Tedlark]

  Notes, good post but you avoid looking at a couple things. First, if a person thinks that a casino doesn't have payback to their liking; don't play there. If a person thinks that casinos have tampered with or otherwise "tinkered" with video poker machines; don't play there. DaBurglar has raised this many many times before. Second. The payback percentages of  video poker machines are LONG TERM. Players who may lose on a machine at any given session will balance out with players who may win on that same machine 6 months later. These players who you mention that decide to play a game at less than max coin in do so to lengthen their gaming session and will increase the likelihood of hitting something that may put them in the black. One way to change this would to simply increase their gaming bankroll and ride it out.    As for negative expectation well that's simple. Casinos are, as you pointed out, a business. If every single game was positive expectation then this wouldn't be very good for the casino and those: free drinks, free rooms, free plane rides, free food, would be gone. Breaking even is a bad thing for any business and not just casinos. They may even teach a class on this at Harvard.

[notes1]

ted, your response to my post was the kind of honest debate i was hoping to find, when i first started reading this website. It deserves an honest response. One area you are absolutely correct about and i think about it everythime i post something about the integrity of casinos. If one does not like the casino, do not go there, sounds pretty simple. The problem with that arguement is that the casino industry is unlike most other businesses. It is essentially a government authorized monopoly. The government decides where and how many casinos are allowed to exist. The governemnt does not decide how many eating establishments there are or how many dry cleaners there are. If you do not like how your clothes are cleaned you can go someplace else. For most of us, there is a limited supply of nearby places to play VP. Also, the price for all that government involvement is reduced competition and more political involvement. I wonder if we were all not better off, when the mob ran the joints, there was only one hand in the till.  Regarding playing less than max coin, i have stated many times, that players are adapting to reduced payouts and playing less than max is one way to extend play. But, there are a number of posts on this site, where players are stating the machines are paying out more for less than a max bet. That is machine tinkering.   As far as payouts being determined over long term math, i agree. But again, what i have experienced as have many other posters, is that over the course of the last few years, the cost of playing VP  has increased. That may not be true for you, it is for most others. Again, if this were not the case, then why the surge in playing less than max coin. You stated yourself, they are trying to extend their playing time. This is a realitively new development in VP.      Like everyone else who vists this site, we  love playing VP. We are all aware the games casinos offer, are ALL negative expectation. Many of us just want a return to the days when you got a better rate of return for your entertainment dollar.