Wait for Memorial Day weekend..

FWIW, those lines are so long by design. Same as nightclubs and some ‘hip’ restaurants. Creating long lines by letting people in slowly does several things like making the venue look popular, which creates additional interest.

Also, people who pay for it (or real VIPs) obviously get in way faster which gives out the vibe that general admission is only for people who can’t afford to get in instantly. Back in my party days, we were 100% guilty of the latter. I don’t think I ever waited in a line that looked like it would take more than 10 minutes to get in. Except for the first summer after Marquee opened, when even the line for people with weekend bands sometimes took up to 30 mins.

Yeah, that's a great way of putting it. I don't really have a problem with bars moving prices around.

I think most people have problems with basic goods moving prices. You want a pedialyte or aspirin for that hang-over on Sunday? Well I guess it's a 3x mark-up because it's peak demand!

Why "or"?

Along those same lines...

If we use a bar’s Happy Hour/Surge Pricing model as an example, you always know in advance when surge pricing is. Further, you can compare happy hour prices to regular prices.

In a retail store, unless they clearly have two sets of prices or posted hours of when surge pricing is in effect, you’re clueless which price you’re paying. Heck, you wouldn’t even know if the person before you or after you bought the thing for less. It’s this unknown price that I think will rub people the wrong way the most.

Trying to keep customers clueless about what they can expect to pay, probably not the smartest move. It’s just one more reason why people go to CVS, Walgreens, etc. cheaper and soon, no surge pricing.

go into a grocery store - every item in the store goes on and off sale on a daily/weekly basis. today coke's on sale, tomorrow pepsi. today you can get a cheap ravioli, tomorrow ruffles potato chips.

difference from your example is the sales always go downwards instead of up. if aspirin prices went up sometimes instead of only going down, people would just be more mindful to stock up during sales.

but gas prices go up or down, and those change daily, and its not somethhing you can stock up on in advance. people don't have a problem with that (at least not a big enough problem to do anything about it.)

people can handle with moving prices. if used for new things, they'll get used to it - which may or may not include changing their behavior to be more cost effective depending on the exact details.

But there’s a huge difference between a sale and a surge. In a supermarket (or bar/happy hour), there’s a baseline price. During certain days or hours, the price goes down. Lower price makes people happy.

During a surge, price goes up. People don’t like that.

I can imagine the first time someone goes to a register and gets charged more for the same item they bought earlier that day...

“Wait a minute... I think you made a mistake. This morning I only paid $4.00 for this.”

“Oh no sir, no mistake. You’re paying more now three hours later because of our new surge pricing. If you can wait another two hours... you can buy it at the same price you did this morning.”

Not gonna fly. If the casinos thought they caught flack because of paid parking... wait til they try this.

It’s still exactly the same thing, just different wording.

You have a bottle of Gatorade that has one price of $1 and an alternate price of $0.80.
Scenario A: item is charged at regular price in week 1-3 and on discount in week 4.
Scenario B: item is charged at base price in week 4 and on surge price in weeks 1-3.

Both scenarios, Gatorade costs $1 in weeks 1-3 and $0.80 in week 4.

Right, but sales require way less advance notice to the customer. If the list price is the maximum someone will pay for an item, they take the item off the shelves expecting to pay that. If they pay less, that's a pleasant surprise. But it's overwhelmingly a bad experience for customers to choose a bottle of Gatorade thinking it's $3.00 and get to the payment point and find out it's $4.50.

I have no idea how surge pricing would be listed, but it would have to be overwhelmingly clear for the customers to be not totally turned off by it.

I think with Cromwell instituting 100x odds craps and 3/2 blackjack across the board, and Wynn and even MGM looking at rolling back parking fees, I think these casinos are slowly realizing the problems with nickel and diming every single thing they do and we will see a slow but steady rollback of these policies.

Digital price tags on the shelf that either automatically update at certain surge times or are triggered by surge events. Alternatively, an employee has to click 3 buttons to update prices.

I was at a couple packed ones in Vegas this weekend. They are becoming my favorite non gambling part of Vegas, and to be fair I can gamble back home, so maybe the pool parties of my favorite thing about Vegas period. Depends on the trip though. No where like Vegas for a week or two straight playing poker at the WSOP. Also can’t bet sports here yet, so I love that part of Vegas. For me craps, poker, sports betting, pool parties, shopping, and restaurants all make Vegas still a destination to go

I have no reference point but I assume Millenials prefer skill gaming. I doubt millenials want to sit at slot machines.

Surge pricing seems ludicrous. In vegas there are so many options so people could just go elsewhere during "surge".

no one likes the skill slot machines. atleast not in a.c.


what am i missing about pool parties!? its going to club, during day, you get sunburn, and the girls are wearing slightly less? maybe you have an overpriced lunch!?

Yes. It’s a way to drink with your friends during the day while a DJ plays loud music. Some people like it, others don’t. I do.

I think MGM and certainly Ceasars was testing skill based table games, but they've all flopped and have been removed.

The skill based games were terrible and not skill based at all

Surge pricing sucks but people complain about the walk from the parking garage to the poker room. I think a lot of people won’t care enough and will be too lazy to go somewhere else.

Agreed. You put your money in the machine and it disappears almost immediately. That’s been my experience with skill games. I’d much rather play video poker.

This. There is a whole thread where a dude is paying for his wife's 50k backyard remodel and likely in the future both his son's college funds (don't worry they are going to State schools :P j/k Leon) VP is the way to go when smashing buttons

Im just sitting here waiting for MGM to implement some new fee or grand "idea" that will change Vegas lol.... Ill bet they completely stop comping drinks at all or something along those lines. I mean how else are they going to pay back the victims from the concert shooting??? Oh thats right they (MGM) sued the victims already lol, true story.

Its been all over the news lately saying how MGM is going to pay the victims "up to" 800 million total, the part thats kind of not being mentioned is they already confirmed they have 751 million of it that will be paid through their insurance. Im not an insurance expert and could be completely wrong but does that mean MGM only has to come up with the other 50 mill and essentially gets off with a slap on the wrist?

Either way I HATE MGM with a passion.

How exactly was that terrible shooting MGM‘s fault? Because the dude rented a room in an mgm resort? That is all it takes???

Ive been short MGM stock for almost a year now..So far so good..They’re a horribly run company IMO

They own the concert grounds and also let the guy amass an arsenal in his hotel room without noticing.

As for them suing the victims, IIRC it was more of a necessary legal maneuver that had really bad optics, and not as egregious as it sounds. There was discussion about it in the shooting thread.

Welcome to USA#1's litigation system. If you're only peripherally involved, but you have the most money, you get sued. Juries award the money too, because they want to cash in as well sometime in the future.

Idk. Researching travel options on your phone is way less exhausting than the walk from the garage to poker room. Lol

Live in Vegas. The amount of table talk from tourists about the excessive fees/costs and visiting other places instead is the highest I can recall.




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This
I'm as anti mgm as it gets but that wasn't their fault