Quote:
Originally Posted by AA Suited
if so, then how did md live get cheesecake factory to do it?
My take:
MDL's original offer to Cheesecake: Take comp dollars from our customers at a 1:1 rate and we will reimburse you at $.50 on the dollar
Cheesecake: Are you crazy? If we one of your degens is going to eat $50 of our food, we are going to be paid $50, not $25
MDL: Well, our bookkeeping software valuates "comp dollars" at $0.50, since that is essentially what it costs us
Cheesecake: Well, then we will take them from you customers at a 2:1 rate
MDL: Our players won't like that
Cheesecake: We don't need the extra business at 50% off
MDL: Okay. 2:1 and we reimburse you $0.50 for each comp dollar to accept