Your theoretical loss to the casino (your casino theo or average daily theoretical – ADT) is the way the casino calculates what you are worth to them. It’s not a theoretical win because every game that the casino offers has a house advantage and the payoff for a bet is always less than the odds of winning that bet.
For a few weeks, it looked as though there wouldn’t be much Vegas news to share. Well, that concern is over. There should be lots of news now that Las Vegas has a “roadmap to recovery.” This is a multi-tiered plan to reopen the entire state. There’s one important thing to know before you read this plan – there is no opening date for casinos yet.
On Friday I took a nice mellow drive to downtown Las Vegas. This was my first visit downtown since casinos closed. My primary objective was to grab some Pizza Rock to go. I took a longer route heading downtown to see how Circa Resort is progressing. The photo above is from Symphony Park (more on that another time) to show the scale of Circa vs. Plaza. It’s huge! Now, onto the Vegas News!
The local Las Vegas news is usually a waste of time for me. They typically have 3-5 minutes of local news before going to national news, weather and human interest stories. I don’t watch the local news often because 95% isn’t interesting to me. Don’t get me wrong – I love that I live in a sleepy town like Las Vegas. (Unbelievably, we still have a number of weekly items to share, including details today about the casino players club updates.)
It was April Fool’s Day last week and thankfully nobody was making bad jokes. Unfortunately, Nevada Governor Steve Sisolak made another announcement. He extended the non-essential business closures through the month of April. As of now, the big Vegas News is that the soonest Las Vegas casinos may be able to re-open will be May 1. Of course, that could change again by the time this is posted on Sunday.
While the upcoming changes, effective 02/01/18, to the Caesars Total Rewards program, is a massive slash in benefits, some of the changes certainly make sense from their perspective. I try to play devil’s advocate and understand the business purpose for these decisions. Some I get, while others baffle me when I try to view them through the bean counter’s eyes.