Quote:
Originally Posted by rock
Still hiring dealers is not a good sign.
Not sure what "dual rates" means, guessing someone is sometimes a dealer, sometimes a floor person, or two different pay rates for dealers ?
This is not a good thing.
What! The room is never half full Monday thru Thursday, I don't think it's half full most Sundays outside of possibly the high hand hours, and the room is not half full on Friday and Saturdays before early evening. The room use to peak at 70 tables running on Friday and Saturday, nowadays it's doubtful 60 tables get running for more than a handful of hours a week, and might not get 60 tables running at all period.
I'm pretty sure you're either biased, reporting based on feel rather than actually counting, or intentionally misrepresenting the facts. I often look at poker atlas for NH and MA at all times of day. More often than not, there are 40 or more tables running. Other than special events or large tournaments, I've never seen them run 60-70 tables. Weeknights are slower than weekends, but they still push 30-35. When I ran that stat for you it was 33 tables running. Even if your numbers were true, then that could also easily be explained by the newness wearing off. Players coming out in droves in the beginning just because it is new, and now reduced or eliminated their visits.
The stats I provided are the likely metrics any business would use to gauge their effectiveness. I doubt Encore is going to just sit back and let the room so whatever it does. They will likely try to drive traffic one way or another. But by any measurement of the market they are doing better than any competitors with higher traffic, higher utilization, and higher revenues.
Hiring dealers is good. Remember that many of those in the initial hire were new to dealing. It isn't for everyone and just being able to pass an audition isn't an indicator of whether someone can handle a crazy game or deal for 8-10 hours straight. As those dealers are let go or quit, they need to be replaced. UNLESS the room is doing poorly, then why would they replace them? So if they're hiring, they are doing well. I also know some dealers who came from other regions (Vegas, California) and who are not loving the climate, the traffic, or the cost of living. Same scenario, they leave then they need to be replaced.
Yes, dual rates are dealers that sometimes floor. Generally if you're good you make more as a dealer than a floor, but if you have upward aspirations or wish to make your income less variable (higher salary vs being dependent on tips) you take a position as dual rate. Dual rates then become full time floors, floors become shifts, and shifts move up in the company. That upward mobility also requires replacing the promoted staff and yes, there are DR, floors, shifts etc who also decide to move back home.