Hot news

Dublinbet

Dublinbet

DublinBet.com is an innovative and classy casino and card room. It offers classic online casino game favourites plus some of the best live dealer games on the net for January 2012.

Through the latest webcasting technology you can interact with dealers from the privacy of your home (or office!). The sounds and dealer action is live from the Fitzwilliam Card Club and Casino, in Dublin Ireland. DublinBet's Distance Gaming® is a 'must try even if you're not fussed for live dealer games - try the unique early payout

+ More info...

888

888

Do you find it hard to get to a live casino to play poker? Then simply come to 888poker, the best poker online room in Australia and experience the same thing with no hassle.888 Casino is one of the most famous casinos in cyberspace, thanks to some of the most eye-catching promotions in the industry and an ongoing commitment to innovation. Owned and operated by a subsidiary of 888 Holdings plc, which is listed on the London Stock Exchange, 888 Casino was launched in 1997 and more than 25 million people have played here since.

+ More info...

365 Casino

365 Casino

Enjoy a huge selection of casino games at 365 Casino with monthly bonuses and weekly promotions, Play Blackjack, Roulette, Baccarat, Slots, and Video Poker and win big at 365 casino. 24hrs a day, 365 days a year Safe & secure with excellent Customer Service.

+ More info...

Elegance Casino

Smart Live Casino

The unique thing about Smart Live Casino is its live casino games. It offers live baccarat, live roulette and live blackjack where the player sees the dealer and the action unfold infront of his own eyes. They have a fully array of games as well as sports betting. The site also comes in a variety of languages.

+ More info...

The Casino Pioneer Poised For A Comeback In Las Vegas And Beyond

E-mail Print PDF
The Casino Pioneer Poised For A Comeback In Las Vegas And Beyond

Bill Harrah is less a household name these days than he was a mere ten years ago—for now, at least. Once considered one of the chief pioneers of the modern casino industry, his influence might be at its lowest ebb in decades: the company he founded no longer bears his name, which industry-watchers seem to have all-but-forgotten. But across America, including in Las Vegas, Bill Harrah is suddenly a man whose lessons casino owners will want to study.

Bill Harrah is a casino legend whose approach to retaining customers is set for a revival. (Photo: UNLV Special Collections and Archives)UNLV Special Collections and Archives

William Fisk Harrah came into the gambling business in 1933. Having left UCLA before completing an engineering degree, he bought a bingo operation his father had been running in Venice Beach. Harrah the younger already had firm ideas about how to run a business that appealed better to customers: in this case, he fired the shills and added padded stools, giving players a less intimidating atmosphere that was gentler on the backside.

Harrah’s operation flourished, thanks to him having more faith in what seems a simple understanding—that players who don’t feel pressured socially or uncomfortable physically will be better long-term customers. This principle would guide him for the next forty years, and provide, with some elaboration, the foundation for the Harrah approach to casino operation.

After suffering difficulties with law enforcement (bingo in California at the time was, at best, semi-legal), Harrah moved to Reno, where he opened a small bingo parlor two blocks from Virginia Street, the location of most of the city’s gambling clubs. It failed, as did a subsequent location. It wasn’t until Harrah was able to successfully negotiate the politics of Reno’s insular gambling fraternity that he was able to secure a location on Virginia Street that would develop into a full-fledged casino. Once he did, the sky was the limit, thanks to his unwavering faith in his judgment.

Original Virginia Street Arch in Reno. The structure was built in 1926 to promote the Nevada Transcontinental Highway Exposition and was replaced in 1963.Getty

Harrah wasn’t a hands-on day-to-day manager: he hired good people and trusted them to do their jobs. But he did insist on a few basic principles that guided his operation. The first was, as he showed when taking over his father’s bingo joint, an overriding fixation on customer comfort. The second was a merciless standardization of customer service. He believed that guests should have uniform, predictable interactions with employees, and that continued devotion to providing this would inculcate loyalty in a competitive market.

In short, Harrah offered guests a casino that was consistent rather than spectacular—the antithesis of the “only see it here” ethos that built the Las Vegas Strip. His casino might have been humdrum to once-a-year visitors, but it was friendly and accommodating to the repeat gamblers who made up its prime customer base. They might not have the best night of their life at Harrah’s, but they would never have a bad time.

Harrah and his top managers had a distrust, almost a contempt for Las Vegas casinos, and often refused to hire dealers with experience in Las Vegas, claiming they had developed “bad habits” down south. Every employee, through a process called “Harrahrization,” was taught to do things the Harrah way—in their mind, the correct way.

At his death in 1978, Harrah owned two casinos. Two years later, Holiday Inns purchased them and put the Harrah’s name on an in-development Atlantic City project. Under the leadership of Phil Satre, Harrah’s embarked on a campaign of vigorous national expansion that played perfectly to the Bill Harrah playbook: an emphasis on good quality and consistent service rather than flashy design or over-the-top promotions. Critics dubbed the Harrah formula “McGambling,” and the comparison to fast food juggernaut McDonald’s is an apt one. The Harrah way was a perfect adaption to the spread of casinos in the 1990s. Instead of a trip to a casino being a once-in-a-while experience to be enjoyed only in Las Vegas, it became a monthly or weekly excursion. Guests wanted to feel comforted, not wowed. Satre’s adaptation of the Harrah formula to a national context enabled the company to win, in a sense, the expansion wars.

Phil Satre during 15th Annual Gaming Hall of Fame at Borgata Hotel Casino & Spa in Atlantic City, New Jersey, United States. (Photo by Tom Briglia/FilmMagic)Getty

As a leader, Satre was ambitious but cautious. He approved large-scale geographic expansion, but was hesitant to buy or build a second casino on the Las Vegas Strip. He also oversaw the launch of Total Rewards, a national customer loyalty program that sought to deliver the Harrah way—good, consistent service and rewards—in an electronic age.

Harrah’s success under Satre gave it the financial strength to buy properties in many markets, but Satre resisted the temptation to build the kind of lavish resort that Steve Wynn and those who emulated him did on the Strip. The Harrah way said that while guests might walk down the Strip to see an exploding volcano or pirate battle, they would gamble where they got the best service and most consistently-delivered comps.

Satre’s successor, Gary Loveman, eschewed his predecessor’s profitable but unexciting strategy for a massive Strip buying spree that gave the company signature resorts like Caesars Palace but also an unsustainable accumulation of debt that, after a leveraged buy-out, ultimately drove Harrah’s—now renamed Caesars Entertainment—into bankruptcy.

Casino owners in Las Vegas and elsewhere should be looking at the Bill Harrah playbook because the casino market virtually everywhere is “mature” (an investor-friendly euphemism for “saturated).” Visiting a casino is no longer a once-a-year experience for those who like to gamble (with the exception of Hawaii) since casino gaming has proliferated across the nation. You can try to replicate the Bellagio or Venetian in Anytown, USA—if you can get the financing—but what customers really want is a comfortable place to sit and reliable comps.

Casino leaders nationwide might be looking more closely at the formula that made Harrah's a company to be reckoned with. Photographer: Kevin P. Coughlin/Bloomberg© 2016 Bloomberg Finance LP

In other words, the formula that Harrah perfected in Reno and Lake Tahoe, and that Phil Satre adapted in riverboats and reservations across the country, is perfectly suited to the current market.

And there’s one final reason Harrah is a name you should know. Wynn Resorts just appointed a new chairman: Phil Satre, the man who twenty years ago took the Harrah way nationwide. When the former apostle of consistency is handed the reins of an empire built on “wow,” the smart money should be able to tell which way the wind is blowing.

Read more http://news.google.com/news/url?sa=t&fd=R&ct2=us&usg=AFQjCNEssTc5fmmYpASXp8y_EmJkQax-RQ&clid=c3a7d30bb8a4878e06b80cf16b898331&ei=FOzyW7CcG9GfhgH9oYvIAQ&url=https://www.forbes.com/sites/davidschwartz/2018/11/19/the-casino-pioneer-poised-for-a-comeback-in-las-vegas-and-beyond/

You are here