grov news for 2007

[byronkincaid]

it will need a change in the las

at present casinos can only charge a max of 10% or £50 which ever is the lesser

this is gaming law

That view is incorrect now, imo. I think you will find the GC Guidelines suggest Venues can now charge whatever they wish. (i.e.,what the market will stand). This is a good thing -  "market forces", left to themselves, will ALWAYS get it right.

So if all the grey area poker rooms get shut down and there are what 2 or 3 casino chains running poker tourneys, it will all be right? Why does everyone complain about how much the WSOP charges? seems like casinos are slowly getting round to the idea of adding money but are just gonna take it back through higher charges. are there enough differently owned casinos to have an efficient market?

[tikay]

it will need a change in the las

at present casinos can only charge a max of 10% or £50 which ever is the lesser

this is gaming law

That view is incorrect now, imo. I think you will find the GC Guidelines suggest Venues can now charge whatever they wish. (i.e.,what the market will stand). This is a good thing -  "market forces", left to themselves, will ALWAYS get it right.

So if all the grey area poker rooms get shut down and there are what 2 or 3 casino chains running poker tourneys, it will all be right? Why does everyone complain about how much the WSOP charges? seems like casinos are slowly getting round to the idea of adding money but are just gonna take it back through higher charges. are there enough differently owned casinos to have an efficient market?

That's my whole point Byron, & I think you are missing it, though I have made it badly.

No, there may not be enough "variety" of Casino Groups, licensed or Grey, but the market will always adjust accordingly & get these things in balance. That's how supply & demand works.

I see no point in fretting about possibly increased Reg Fees or Session Fees. If they are reasonable, folks will tolerate them, if they are not, they will not, and another solution will present itself.

Think Marks & Sparks. Brand Leader until 10 years ago, then they got it wrong, & everyone deserted them. They went back to basics, sorted it out, now they are in recovery mode.

If Casinos get it wrong, they will lose their custom - us. There are SO many alternative ways for us to spend our money.

The Casino Groups have invested fortunes & I don't think they will get it wrong, but if they do, so be it, we'll be on our toes & spending our money somewhere else. It's a simple equation, to my mind.

Merry Christmas, by the way.

xx

[byronkincaid]

I failed my economics A-Level but it seems to me that if there is a sky high demand for poker then you can charge a high price for it right?

Doesn't really matter to me being an internet donk of course.

Merry Christmas

[Royal Flush]

I agree Tikay, like anything else if you leave a market to sort itself out with no government interference it will work itself out. The nature of a free market economy.

[tikay]

I failed my economics A-Level but it seems to me that if there is a sky high demand for poker then you can charge a high price for it right?

Doesn't really matter to me being an internet donk of course.

Merry Christmas

Correct - sky-high demand, so the market will eventually provide sky-high quantities of supply! The Free Market at it's best. Over-Suppy kicks in then, & the whole cycle starts again. A wonderful thing to behold, perfect in every way.

[tikay]

I agree Tikay, like anything else if you leave a market to sort itself out with no government interference it will work itself out. The nature of a free market economy.

That's just a terrible Post Flushy - you & me agreeing 100% on something!

Free Markets left to themselves, are something exquisitely beautiful to behold, & it's such a shame that Governments, for example, can't leave things alone & allow Nature to take it's course.

Hence we have the ridiculous constraints imposed by the Gaming Commission, the impossibly badly structured Network Rail & Strategic Rail Authority, TfL making a right mess of infrastructure maintenance & renewal, da de da de da.

[Royal Flush]

That's just a terrible Post Flushy - you & me agreeing 100% on something!

lol, ty.

I am an economic idealist, i would love to see an economy that is completely free from government intervention (except of course in the case of maintaining the market is fair, price fixing etc) the fact its taken this long for nationalized industry's to become private is a shame but its such a huge step in the right direction. The chaos that has ensued is almost like watching a teenager go through the years, it really will be interesting to watch things like the rail network improving over the next few years.

I think with the advent of the global community and especially the internet the acceleration to a free market is bound to happen, competition between companies in different countries will surely lead to the success of companies based in the most laissez-faire run governments.

I hope i made some sense with that, lol.

[byronkincaid]

Hence we have the ridiculous constraints imposed by the Gaming Commission

Exactly, if you wanna set up a legal cardroom then you have to go through all the crap that Rob Yong has gone through. It's not really a free market is it? There are huge barriers put in your way.

[tikay]

Hence we have the ridiculous constraints imposed by the Gaming Commission

Exactly, if you wanna set up a legal cardroom then you have to go through all the crap that Rob Yong has gone through. It's not really a free market is it? There are huge barriers put in your way.

No, it's not a Free Market, but it will become one!

[tikay]

That's just a terrible Post Flushy - you & me agreeing 100% on something!

lol, ty.

I am an economic idealist, i would love to see an economy that is completely free from government intervention (except of course in the case of maintaining the market is fair, price fixing etc) the fact its taken this long for nationalized industry's to become private is a shame but its such a huge step in the right direction. The chaos that has ensued is almost like watching a teenager go through the years, it really will be interesting to watch things like the rail network improving over the next few years.

I think with the advent of the global community and especially the internet the acceleration to a free market is bound to happen, competition between companies in different countries will surely lead to the success of companies based in the most laissez-faire run governments.

I hope i made some sense with that, lol.

Here's Free Market v Government interference  demonstrated at it's best.

Railways. The TOC's (Train Operating Companies) are PRIVATE & have impoved their performance a zillion-fold in the last few years, despite constant interference from quangos & the SRA etc.

But the infrastructure (track, signalling, etc) are, effectively, Government-cotrolled. (Operated by, how bizarre is this? the "Not for Profit Network Rail"....).

So, for example, the Western Region is hugely in need of additional capacity, as in fact is almost the whole Railway Network, with traffic forecast to rise by 30% in 5 years. (Excellent for the congested road network, & Environmentally better, too). As things stand, the gestation period to increase the track network would be 25 years - but if you left it to the Private Sector, it would be in place within 5 years.

"Lumbering, heavy-footed organisation" versus "nimble, fleet footed commercial outfit" is beautifully demonstrated by Wembley Stadium  - was there ever a bigger cock-up, in terms of location, budget over-runs, time-over-runs - A YEAR LATE? - and the new "Emirates" Arsenal Stadium - beautifully constructed, an architectural wonder completed bang on time, & smack on budget.

I think I've maybe had too much sherry trifle.

[Royal Flush]

That's just a terrible Post Flushy - you & me agreeing 100% on something!

lol, ty.

I am an economic idealist, i would love to see an economy that is completely free from government intervention (except of course in the case of maintaining the market is fair, price fixing etc) the fact its taken this long for nationalized industry's to become private is a shame but its such a huge step in the right direction. The chaos that has ensued is almost like watching a teenager go through the years, it really will be interesting to watch things like the rail network improving over the next few years.

I think with the advent of the global community and especially the internet the acceleration to a free market is bound to happen, competition between companies in different countries will surely lead to the success of companies based in the most laissez-faire run governments.

I hope i made some sense with that, lol.

Here's Free Market v Government interference  demonstrated at it's best.

Railways. The TOC's (Train Operating Companies) are PRIVATE & have impoved their performance a zillion-fold in the last few years, despite constant interference from quangos & the SRA etc.

But the infrastructure (track, signalling, etc) are, effectively, Government-cotrolled. (Operated by, how bizarre is this? the "Not for Profit Network Rail"....).

So, for example, the Western Region is hugely in need of additional capacity, as in fact is almost the whole Railway Network, with traffic forecast to rise by 30% in 5 years. (Excellent for the congested road network, & Environmentally better, too). As things stand, the gestation period to increase the track network would be 25 years - but if you left it to the Private Sector, it would be in place within 5 years.

"Lumbering, heavy-footed organisation" versus "nimble, fleet footed commercial outfit" is beautifully demonstrated by Wembley Stadium  - was there ever a bigger cock-up, in terms of location, budget over-runs, time-over-runs - A YEAR LATE? - and the new "Emirates" Arsenal Stadium - beautifully constructed, an architectural wonder completed bang on time, & smack on budget.

I think I've maybe had too much sherry trifle.

Yeah it's amazing how much the rail network has improved in the last 5 years, people seem to forget that. I remember always expecting a delay with my journey, now, aslong as it is not the weekend, thing seem to always run on time!

[The_nun]

maybe due to no strikes since 2002

[tikay]

That's just a terrible Post Flushy - you & me agreeing 100% on something!

lol, ty.

I am an economic idealist, i would love to see an economy that is completely free from government intervention (except of course in the case of maintaining the market is fair, price fixing etc) the fact its taken this long for nationalized industry's to become private is a shame but its such a huge step in the right direction. The chaos that has ensued is almost like watching a teenager go through the years, it really will be interesting to watch things like the rail network improving over the next few years.

I think with the advent of the global community and especially the internet the acceleration to a free market is bound to happen, competition between companies in different countries will surely lead to the success of companies based in the most laissez-faire run governments.

I hope i made some sense with that, lol.

Here's Free Market v Government interference  demonstrated at it's best.

Railways. The TOC's (Train Operating Companies) are PRIVATE & have impoved their performance a zillion-fold in the last few years, despite constant interference from quangos & the SRA etc.

But the infrastructure (track, signalling, etc) are, effectively, Government-cotrolled. (Operated by, how bizarre is this? the "Not for Profit Network Rail"....).

So, for example, the Western Region is hugely in need of additional capacity, as in fact is almost the whole Railway Network, with traffic forecast to rise by 30% in 5 years. (Excellent for the congested road network, & Environmentally better, too). As things stand, the gestation period to increase the track network would be 25 years - but if you left it to the Private Sector, it would be in place within 5 years.

"Lumbering, heavy-footed organisation" versus "nimble, fleet footed commercial outfit" is beautifully demonstrated by Wembley Stadium  - was there ever a bigger cock-up, in terms of location, budget over-runs, time-over-runs - A YEAR LATE? - and the new "Emirates" Arsenal Stadium - beautifully constructed, an architectural wonder completed bang on time, & smack on budget.

I think I've maybe had too much sherry trifle.

Yeah it's amazing how much the rail network has improved in the last 5 years, people seem to forget that. I remember always expecting a delay with my journey, now, aslong as it is not the weekend, thing seem to always run on time!

I believe Midland MainLine, admittedlly not one of the busier or more complex Franchises, has 95% punctuality & 98%+ reliability in 2006. Not bad, all things considered. I imagine Wooly Jumper's service is a lot worse though.

[Royal Flush]

The main thing now is the trains are clean and are heated! Its not so bad when you do have to wait.

[tikay]

I love blonde. It starts off as a thread about Grosvenor Casinos charges, & we've got it across to 100% Trains within 3 pages. Perfect!

The Free Market at it's best.