Will a Las Vegas Sands Bankruptcy Affect Your Player's Club Card Points?
If you want the simple answer, it is, "No." I bet you were not expecting a flat-out answer like that this fast were you? If you want to know why, read on.
Player's club card points are a marketing tool to make sure that people come back to the casino time and time again. Player's club card comps are there to justify the comps that the casino gives to it's top players. This is a simple marketing tool that has become an industry standard in the world of casinos. A Las Vegas Sands bankruptcy could not harm your player's club card points.
Player's club card points are just that, points. While the casino can attach a dollar amount to the points, the outstanding points are not recorded as a debt. The only aspects that are ever affected by a bankruptcy are the dollars that add up to real debt. That is what is modified, or cleared away, when a company is approved for bankruptcy. Your player's club card points will not be cleared away or reduced.
There are some that wonder what would happen to their player's club card points if the Las Vegas Sands taken over, or merges, with another company. If we were to take the example of the MGM/Mirage merger a few years back, player's club card points from the Mirage were transferred to the new MGM system. While some of the player's club card points were reduced in the new system, most stayed exactly the same. Again, a Las Vegas Sands bankruptcy is not guaranteed, only possible.
What might be affected by a Las Vegas Sands bankruptcy would be some of the sizable comps that the casinos give their top performing gamblers (or whales). These are the people that play hundred thousand dollar hands of blackjack and never blink. These select people might notice that they are not offered as many paid trips in the near future.
If you are worried about your player's card club points at the Las Vegas Sands casinos, I hope that I have alleviated your stress. All of those hard-earned points will still be there if a Las Vegas Sands bankruptcy becomes a reality. Go to sleep dreaming nice dreams about Las Vegas, not staying up stressing if they will take your buffet coupon away.
Source:
http://www.associatedcontent.com/article/2207101/analysis_affects_on_las_vegas_of_a.html?cat=3
Published by L. Vincent Poupard - Featured Contributor in Arts & Entertainment and Travel
L. Vincent Poupard is known for his insightful news commentaries and unique takes on the entertainment industry. Along with his career in writing, he works as a political/business consultant and has helped b... View profile
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34 Comments
Post a CommentIt appears that the site that I published this on deleted a lot of the comments.
This writer should be fired for writing like an IDIOT!!
Check that price action today in LVS Poophard.
Pathetically written article. How much did you pay for this Vanity website to publish your "article"?
Imbecile!
There are many readers that have stated that I have started the ideas about the possibility of a Las Vegas Sands bankruptcy. The problem is that this assumption is incorrect. If these critics had spent the time to do research on the topic (or even spend the time following links that I have on the article), they would realize that articles by Audit Integrity, Yahoo, and Reuters all predated mine. These are the articles in which I took information from, and were linked in the articles, and listed in the sources of the original article. The funny thing is that many of these sites state that I have made assumptions without researching the topic. These armchair-CEOs obviously are the ones that can't do research.
Wow. I looked at a bunch of your other "articles" and noticed whenever you mention the word bankruptcy, people actually comment. Perhaps you're paid on some kind of comment quota. Well, here's another penny coming your way to feed your family. It's more than my October 20 Call is worth. Let us know your next quota due date. I'll buy a Put.
What's the matter? Loose three dollars at Venetian and are mad at the owners. What a cheap no talent writer you are.
Yes, you are an Imbecile!
McDonalds is looking for writers
on the local street level. You
would fit right in, better hurry
though.
Imbecile!
Dear Mr Poupard%2C please be cautioned that you can be sued for spreading rumours about a company and sending its stock diving.