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05-19-2019 , 07:44 PM
Quote:
Originally Posted by fanx
How exactly was that terrible shooting MGM‘s fault? Because the dude rented a room in an mgm resort? That is all it takes???
Nobody went up there to stop him but that was really more Metro’s fault. An officer froze on the floor below for a few minutes when he could hear gunfire on the floor above him.
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05-20-2019 , 06:14 AM
Quote:
Originally Posted by pig4bill
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.
yea haha, we euros just keep scratching our heads every time we hear these ridiculous stories about some court in the US awarding 15 gazillions to some guy again.
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05-20-2019 , 07:59 AM
Quote:
Originally Posted by fanx
yea haha, we euros just keep scratching our heads every time we hear these ridiculous stories about some court in the US awarding 15 gazillions to some guy again.
If the coffee was too hot, that’s a very serious thing and well worth a couple million.

And every small local law firm has their own TV spots where they brag about ridiculous damages they collected for their clients..

Let’s see how that situation unfolds for MGM and if it’s going to have a long term impact.

I think one of the biggest factors for future price hikes will be the higher min wage in California.
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05-20-2019 , 11:40 AM
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Originally Posted by lvBlitzforce
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.
You appear to lack understanding of how commercial liability insurance works.

It is not a charity. If you use the insurance, the premium goes up, in order for the insurer to recover the loss. Basically, having an insurance guarantees that you are not facing a huge claim within one fiscal year, with the risk of going bankrupt, in which case the victims get nothing.

Effectively, a commercial liability insurance serves to allow you to spread the cost of huge claims over a number of years.

Do not think MGM can get out of this by changing insurance company - any large historical claims will be part of an actuarial risk analysis, and the quotes will usually align within a narrow margin.
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05-20-2019 , 01:02 PM
Quote:
Originally Posted by madlex
If the coffee was too hot, that’s a very serious thing and well worth a couple million.
If the coffee has caused third degree burns on multiple occasions, it probably is too hot.

https://www.youtube.com/watch?time_c...&v=pCkL9UlmCOE

https://www.caoc.org/?pg=facts
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05-20-2019 , 04:29 PM
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Originally Posted by Natamus
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 by luckbox running hotter than the sun(don't worry they are going to State schools :P j/k Leon) VP is the way to go when smashing buttons
Fixed your post Nat
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05-20-2019 , 05:20 PM
Quote:
Originally Posted by leon
Fixed your post Nat


Maybe that state school part is becoming more
Reality now! Go Cal State San Marcos Go Aztecs!
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05-21-2019 , 06:24 AM
State schools are damn expensive in California.
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05-21-2019 , 11:21 AM
Quote:
Originally Posted by pig4bill
State schools are damn expensive in California.
Cal State around $7k, UC double that and just about any private school $40k+

So no, I wouldn’t call that damn expensive.
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05-21-2019 , 02:01 PM
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Originally Posted by eco74
Cal State around $7k, UC double that and just about any private school $40k+

So no, I wouldn’t call that damn expensive.
Guess it's all relative. Back when I was at UC Berkeley:

Quote:

1968: Registration fee for all students is $300 per year. Nonresident tuition is $1,200 per year. Tuition is still free for all California residents.

1970: In a symbolic move away from free tuition for residents, students must now pay an additional “educational fee.” The fee is $150 per year for undergraduate students and $180 per year for graduate students.


1975-76: Annual tuition and fees for resident UC undergraduates total $630. Annual tuition and fees for nonresident UC undergraduates total $2,130.
$300 in 1968 --> $2203 today

$630 in 1976 --> $2830 today

Relative to other states, California is about middle of the pack. Source
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05-21-2019 , 04:54 PM
Quote:
Originally Posted by eco74
Cal State around $7k, UC double that and just about any private school $40k+



So no, I wouldn’t call that damn expensive.


You forget Pig is the Uber nit?
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05-21-2019 , 06:22 PM
Quote:
Originally Posted by fanx
yea haha, we euros just keep scratching our heads every time we hear these ridiculous stories about some court in the US awarding 15 gazillions to some guy again.
yea,haha, ....like Americans give a rat's a** about why "you euros" just keep scratching their heads ....

Why else do you euros keep scratching their heads ?

1...because you can't believe stupid Americans play roulette with three zeros, instead of one or two .... like smarter euros do.

2. .because you can't believe stupid Americans play sports with their hands instead of with their feet.

3. . because you can't believe the UK left your stupid Brussels-centric a**, like we left the UK ?

4. ...because "euro" is a stupid artificial construct created for market protectionism, and you still can't collectively compete with the US, let alone China ....

Last edited by Gzesh; 05-21-2019 at 06:29 PM.
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05-21-2019 , 07:21 PM
Quote:
Originally Posted by AngusThermopyle
Guess it's all relative. Back when I was at UC Berkeley:



$300 in 1968 --> $2203 today

$630 in 1976 --> $2830 today

Relative to other states, California is about middle of the pack. Source
Still a lot more than I paid not in California.

Kinda skeevy for them to say tuition was free but then charge $300 for registration.
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05-21-2019 , 08:16 PM
Quote:
Originally Posted by Gzesh
Why else do you euros keep scratching their heads ?
All the reasons you mentioned plus a gazillion others. Not sure why you think that’s relevant to the thread though.
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05-21-2019 , 10:30 PM
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Originally Posted by madlex
All the reasons you mentioned plus a gazillion others. Not sure why you think that’s relevant to the thread though.
Just responding to some euro-phile poster itt who thought there WAS some relevance as to what he was "yeah, haha" about the US.

Did I mention head lice and an aversion to showers ?
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05-21-2019 , 11:26 PM
Quote:
Originally Posted by eco74
Cal State around $7k, UC double that and just about any private school $40k+

So no, I wouldn’t call that damn expensive.
Calstate was like 3600 back in 2007.
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05-21-2019 , 11:27 PM
Back on thread topic... I believe MGM is cutting another 750 employees this week.
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05-22-2019 , 12:19 AM
Was curious with all the cost-cutting measures they're enacting how a potential purchase of Encore Boston Harbor figured in to all that, but they've apparently pulled out of talks to buy EBH.
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05-22-2019 , 02:12 AM
MGM could keep the employees but charge them daily parking.

Whether or not they use it.
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05-22-2019 , 08:47 AM
I remember the Bellagio and Mirage casinos before MGM acquired them from the corporation Steve Wynn headed. Those properties were so much better in terms of customer experience. They were very well maintained, first class properties. Post acquisition by MGM I was shocked at how much the Mirage had declined.


However, Steve Wynn was forced to sell by the institutional stock holders because his properties were not turning enough of a profit and IIRC showed losses at times to. Corporations need to turn a profit and my take is that the operating costs are quite high.
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05-22-2019 , 09:11 AM
as long as there is craps we good!
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05-22-2019 , 12:34 PM
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Originally Posted by adios
I remember the Bellagio and Mirage casinos before MGM acquired them from the corporation Steve Wynn headed. Those properties were so much better in terms of customer experience. They were very well maintained, first class properties. Post acquisition by MGM I was shocked at how much the Mirage had declined.


However, Steve Wynn was forced to sell by the institutional stock holders because his properties were not turning enough of a profit and IIRC showed losses at times to. Corporations need to turn a profit and my take is that the operating costs are quite high.
sounds like the Borgata
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05-23-2019 , 03:02 AM
Sounds like wynn/encore also, GF says a lot of stuff has gone completely downhill since Mr. Wynn was ousted.
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05-24-2019 , 11:28 AM
Quote:
Originally Posted by lvBlitzforce
Sounds like wynn/encore also, GF says a lot of stuff has gone completely downhill since Mr. Wynn was ousted.
My assessment of Wynn/Encore is that they turned in a different, worse direction while he was running it. Closing the nicer restaurants, tilting everything more toward the clubdouche crowd, no more comps at the video poker bars, 2x odds on craps (which they have since rolled back), etc. All of those happened under his stewardship, along with the dumb (and thankfully now aborted) plan to replace the golf course with a nostalgia farm for old guys like Wynn. So I don’t know what has gone downhill since he left, but have plenty of ideas about things that already were going downhill.
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05-28-2019 , 12:15 AM
Quote:
Originally Posted by eco74
My assessment of Wynn/Encore is that they turned in a different, worse direction while he was running it. Closing the nicer restaurants, tilting everything more toward the clubdouche crowd, no more comps at the video poker bars, 2x odds on craps (which they have since rolled back), etc. All of those happened under his stewardship, along with the dumb (and thankfully now aborted) plan to replace the golf course with a nostalgia farm for old guys like Wynn. So I don’t know what has gone downhill since he left, but have plenty of ideas about things that already were going downhill.
Steve also green lit paid parking which backfired on them and the new mall is struggling as well. Granted, they mentioned the long term plan with the mall was to take in additional foot traffic from the multiple resorts across the street... which is now down Resort Worlds for now.
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