Diamond in a Day - CET Total Rewards
Is it still possible to get Diamond in a Day?
I have read about it in the past, just curious.
I guess CET is officially being bought as of a few minutes ago. I wonder if the new guy Tilman Fertitta will improve some of the rewards. I don't like the charge for parking, although I'm high enough status (7 star) to not pay, because it creates lines on the way out of the parking structure at Caesars, and I've found it to be glitchy and often have to call the attendant to
That has never really happened when there's been an ownership change. The new owners tend to squeeze out as much profit as possible. I expect things to get worse for players. I hope it's not a lot worse.
CET has $12 billion worth of debt that the new owner will acquire. He's not going to lower fees / prices.
CET has $12 billion worth of debt that the new owner will acquire. He's not going to lower fees / prices.
I think he's more likely to chop it up. But at least there's a chance things may be run better. I don't know much about the loyalty program at GN, so I can't speak to its pros and cons. But if the plan for this transaction is to try and revive the Caesars brand, they can start by overhauling the Caesars Rewards program.
I think he's more likely to chop it up. But at least there's a chance things may be run better. I don't know much about the loyalty program at GN, so I can't speak to its pros and cons. But if the plan for this transaction is to try and revive the Caesars brand, they can start by overhauling the Caesars Rewards program.
He may be forced to divest a few things because he'll control so much of the Strip. He's going to want to hang onto his Wynn stock, so that means dumping Flamingo or Linq, etc. The problem is this is a terrible environment for selling a casino.
I was discussing it with a guy at the poker table the other day. I couldn't see where there's any value, being that you don't get any real estate. Basically you're paying billions for what amounts to some used furniture and gaming equipment. That guy thought Fertitta was after the data on the gamblers. Seems like a lot of money to me just for some information.
I think he's more likely to chop it up. But at least there's a chance things may be run better. I don't know much about the loyalty program at GN, so I can't speak to its pros and cons. But if the plan for this transaction is to try and revive the Caesars brand, they can start by overhauling the Caesars Rewards program.
He may be forced to divest a few things because he'll contr
My understanding is CZR owns all of the hotels/casinos they operate in LV except for Caesars Palace. So, they do own the real estate. If this is untrue, then you're right, it's not a great time to be a seller. But if they do own the real estate, then I think the new owner has some golden opportunities. This is premium real estate for LV. I would not be at all surprised if someone like VICI comes along and looks to expand their footprint. They already own Caesars Palace. Most of the hotels on the other side of the strip have been long neglected.
I remember reading somewhere that when a gaming company sells a property to a lessor like VICI, the gaming company continues to pay most of the costs associated with it, including maintenance, taxes, etc. What they get in exchange is an opportunity to lighten their asset load. Acquiring property is expensive and these gaming companies get saddled with debt when they expand. I think this is clearly what happened with CZR for the last couple decades. By selling the property and engaging in a lease back arrangement with the buyer, the gaming company gets a ton of cash and can focus on expanding/improving their business instead of paying debt service on property.
Fertita just swallowed a ton of debt. I'm guessing they refinanced it thought their own investors. Now, if they sell off the properties they can recoup that debt and probably make a tidy profit.
He may be forced to divest a few things because he'll control so much of the Strip. He's going to want to hang onto his Wynn stock, so that means dumping Flamingo or Linq, etc. The problem is this is a terrible environment for selling a casino.I was discussing it with a guy at the poker table the other day. I couldn't see where there's any value, being that you don't get any re
He is not increasing any concentration on strip. So forced divesture there is unlikely. But for other competition reasons I suspect he will have to reduce his Wynn holdings. Maybe to under 5%.
He was also buying strip property to build a strip presence. He won’t need to and likely not allowed to do that so that real estate goes back on market for development. He might chose to sell some strip properties. He could maybe sell a few and then develop a new strip property but not in the current market.
But I really don’t see being forced to sell current strip properties. It is easier and cleaner to sell Wynn stock. UNLESS he decides to sell an entire brand. E.g. he could (not suggesting this but is a possibility) carve Harrahs out, maybe even add some properties, such that Harrahs was a stand alone brand again. This could address some or most of the overlap where he will be forced to divest.
For example, a sale in AC is almost definite and in pa4ticular maybe in Marina, ether GN or Harrahs. A required sale on Boardwalk less likely but possible so roll Trop in if needed.
Similar a reqd sale in Biloxi is likely given how close Harrahs and GN are, their sizes and the market.
Then there is Louisiana. A sale in Lake Charles is almost guaranteed. It won’t be GN as that is a cash cow. It will be Horseshoe. They have a big debt load from the post hurricane rebuild of the old Isle. Plus that location is majorly challenged but also is a mega long term gamble if someone has the mega vision and $. But as is it a real dog with fleas. As is would almost have to give away so fold it in to a new Harrahs.
Then there is Tahoe Reno and Laughlin. There is overlap but not markets I have any knowledge.
But the question becomes who has the pockets for something this big. MGM could but would face some of the same market share and reg issues. Plus most of these properties are not what MGM operates. Cordish (Live!) could. They have proven experience with both a quick shine and dress up as well as mega project rehabs. But they have lots on their plate already.
That leaves individual sales. Allows multiple buyers to get the props that fit for them. A big carve out that creates a true competitor would make regulators happy, would generate more value for GN to pay down debt acquired, would have better strategic and long term value. But would be very complicated. Could it be done timely enough, is there a buyer/ooeratir, etc questions.
He may be forced to divest a few things because he'll control so much of the Strip. He's going to want to hang onto his Wynn stock, so that means dumping Flamingo or Linq, etc. The problem is this is a terrible environment for selling a casino.I was discussing it with a guy at the poker table the other day. I couldn't see where there's any value, being that you don't get any re
Casinos are a side line for Tillman. This is a major expansion for his main focus…restaurants. Look at all the brands Landys owns. Then go look at the restaurants on property at GN casinos. The “owned” on property choices for CET casinos will get better. This will allow major expansion of his restaurant brands. How quickly depends on current contracts and capital demands.
He is not increasing any concentration on strip. So forced divesture there is unlikely. But for other competition reasons I suspect he will have to reduce his Wynn holdings. Maybe to under 5%. He was also buying strip property to build a strip presence. He won’t need to and likely not allowed to do that so that real estate goes back on market for development. He might chose to
I think this is sharp analysis
I’ll current have 0 tier credit this year from CET, but I’ll be buying into the $1500 LO8 event on Wednesday, so I can confirm whatever I have after that.
To update this, it appears I received 148 TCs for my buy-in to the $1500 LO8 tournament. Curiously, they are not awarded until after the event ends.
If I remember correctly, while playing for tier credit, if you reached certain number during a 24 hours period you are awarded some bonus tier credit. IE if you collected 500 Tier points in a day you get some bonus tier points.Does anyone remember the scale And if those bonus tier credits are given with 10X promotion too Thx
Yes, there are daily bonus' for tier credits. Earn 5
Either I mis understood or ..
Last year I had over 13800 tier points balance which due to my ignorance went to 0 as I didn’t know they expired .
Yesterday(5/29/26) Before started playing I checked my a/c I had total TIer Credit Balance of 85. Went to the kiosk and activated 10X tier multiplayer promotion.
And I played at Paris, mostly slots . After 8 hours of crazy play I checked my account it says tier points earned today were 1507 and total Tier points 1593 !!!
So my question why it is not showing 15930 ? If I earned 1500 points doesn’t it shows with 10X multiplier? I understand bonus will come afterwards.
Multiplier tier points don't show up on your account right away. Usually takes a week or two. Daily bonus tier points show up the next day.
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If I remember correctly, while playing for tier credit, if you reached certain number during a 24 hours period you are awarded some bonus tier credit. IE if you collected 500 Tier points in a day you get some bonus tier points.Does anyone remember the scale And if those bonus tier credits are given with 10X promotion too Thx
…….example: playing on a 10x promo day, if you earn
Oh I get it . So yesterday I earned 1508 TC . Within 2/3 days, I will get bonus 1000-1125 or something like that within 2/3 weeks I will get 13500 TC correct ?
It has never been my experience that you get both the 1000 and 500 daily tier bonus for earning 1500 in a day. So I would expect just 1000 bonus points. However, I can't say I have paid close attention to this as I am usually below 1500.
And yes, assuming you swiped to opt in (that one still baffles me), in some period of time which is far too nebulous, you will receive the remaining 9x on your play, so ~13500. Based on this single day you should have Diamond status.
I played on Friday 29th @ Paris, after completing my target in 8 hours I checked my account and it was showing TC earned today : 1508
It has been 3/4 days since then but I don’t see 10x points credit yet !
Do I have to contact anyone or it is always 3/4 days get 10 X multiplier points ? May be because it’s long weekend ( Memorial Day ) as Monday is corporate holiday ?
Thx
PS* Before I played 10X promotion, my balance was 92 points . I earned 1508 on Friday 29th under 10X promotion.
Now my account is showing total TC 3234 . So I received 3141 TC .
I can’t figure it out how these numbers came !
1508.
1000 bonus.
633 !!
——-
3141
I have not played Saturday or Sunday!!
Scroll up and you can see the answers to these questions when you asked them last week?
I played on Friday 29th @ Paris, after completing my target in 8 hours I checked my account and it was showing TC earned today : 1508 It has been 3/4 days since then but I don't see 10x points credit yet ! Do I have to contact anyone or it is always 3/4 days get 10 X multiplier points May be because it's long weekend ( Memorial Day ) as Monday is corporate holiday Thx PS
It’s not 3-4 days after you play to get the 10x promo. It’s usually like a week after the promo ends.
Also, remember that you do get some tier credits for poker play and resort spend, but these might not show up on your daily TCs earnings if you just put your card in a machine. Whether these qualify for the 10x promotion has always been mysterious and inconsistent.
FWIW, I also played 2000 TCs worth of VP during the promo and don’t have the multiplier yet either.
A couple years ago there was a delay in my getting the tier multiplier points and I had to go through this whole laborious process to get it fixed. At the time, I was told it takes as long as it does to award the points because a human reviews the points you earn in the period and determines if you are eligible to get the multiplier. I'm not kidding. I still kind of believe they were pulling my chain, but it being Caesars, would anyone really be totally surprised if this were true?
I played on Friday 29th @ Paris, after completing my target in 8 hours I checked my account and it was showing TC earned today : 1508 It has been 3/4 days since then but I don't see 10x points credit yet ! Do I have to contact anyone or it is always 3/4 days get 10 X multiplier points May be because it's long weekend ( Memorial Day ) as Monday is corporate holiday Thx PS
Up a few pages, I did mine on 1/12 and the bonus hit on 1/22
He is not increasing any concentration on strip. So forced divesture there is unlikely. But for other competition reasons I suspect he will have to reduce his Wynn holdings. Maybe to under 5%. He was also buying strip property to build a strip presence. He won’t need to and likely not allowed to do that so that real estate goes back on market for development. He might chose to
This is a great post to revisit in a year.
Unfortunately, it’s all speculation and conjecture. It might be on par with that jackass Trooper97’s expert (Wharton MBA) analysis on the operation of casinos.
Time will tell…
I’ll current have 0 tier credit this year from CET, but I’ll be buying into the $1500 LO8 event on Wednesday, so I can confirm whatever I have after that.
To update this, it appears I received 148 TCs for my buy-in to the $1500 LO8 tournament. Curiously, they are not awarded until after the event ends.
From my own WSOP play so far it seems like TC earned are between 85% and 87.5% of $ rake paid
I got my 10x credits earlier in the week. I got 3k more than I expected. It might be in part that I didn't count correctly, because I was actually only 300 off. I might also be the WSOP events that I played, as sparse as they were. Anyway, I'm glad I don't have to spend any more money this year on making Diamond.
