The Fine Point Group Casino Consulting

FPG In The News


 

Randy was quoted in the article, Strip development ongoing, but it looks different by Delen Goldberg on August 16, 2011.

Randy was quoted in the article, McCarran Airport: One of Las Vegas’ greatest resources written by Richard N. Velotta on Monday June 20th 2011.

Randy was quoted in the Las Vegas Review Journal article, Hotels report high occupancy for Electric Daisy weekend, by Tim O'Reilly on June 22nd 2011.

Randy was quoted in the article, Macau: The Atlantic City of China? appears in The Street online, an article by Jeanine Poggi on June 14th, 2011.

Randy was quoted in the article, Sin City Cheerless Over Web Poker Saga by Jennifer Booton on FoxBusiness.com on May 6th 2011.

Randy was quoted, Las Vegas Sands cuts bait: Comps, Off the hook: Company shifts focus on booking rooms to paying customers, drawing ire of some guests, insiders, February 28th 2011, By Liz Benston

Randy was quoted in the article, Resort fees let guests choose options, experts fear backlash by Tim O'Reiley Las Vegas Review Journal, February 22nd 2011.

 

Randy Fine was quoted in the Las Vegas Sun article, 'Las Vegas Strip looks to adapt to a changing market' by Liz Benston that ran Tuesday January 2nd 2011.  Read the full article on the 2011 gaming outlook from industry experts.

Chris was quoted in the Las Vegas Review Journal article, Westin Chaning Hands, written by Tim O'Reilly on December 22nd 2010.

Randy was quoted in the Las Vegas Review Journal article, Flights, airline seats to LV rising in '11 written by Tim O'Reilly on Nov 23rd 2010.

Chris Colwell was interviewed on Las Vegas Channel 8 News, on August 4th, the story is titled Cosmopolitan of Las Vegas Lights Up Strip Marquee, click to read the article as well as see the 2 minute clip.

Randy was named Las Vegas Review Journal Nevadan at Work on Sunday April 11, 2010.

Randy sat down with In Business Las Vegas this week during a featured Q&A session on several topics of discussion included Southern Nevada’s gaming landscape, the Greektown turnaround and policies he would implement to rescue companies from the effects of the recession.

Randy was quoted in article by Arkansas Business.com named, Casino Proposal Termed 'Nirvana' for Businessman by Sam Eifling on March 8th 2010.

 

Randy and several other gaming industry professionals were cited in the Arkansas Business.com article on the proposed constitutional amendment allowing Texas businessman Michael J. Wasserman to build casinos in Arkansas.

Randy was quoted in the article, MGM Mirage, Las Vegas Sands earnings show Strip competition heating up,
in the Las Vegas Sun on Thursday Feb 18, 2010.

"...A lot of these companies are saying, 'The reason we're hurt so bad is that we took such a haircut on the room rates,'" Curtis said. "I'd rather have the bodies and make it up elsewhere."  Randall A. Fine, managing director of The Fine Point Group, a gaming consultant, said there simply are too many high-end rooms on the Strip, especially considering the shorter supply of seats flying into McCarran International Airport. With air traffic down and drive-in traffic up, the look of the average Las Vegas tourist is changing, and that visitor is going to be more likely to return a second or third time if there's a discount rate.

Randy was quoted in 'Harrah's Debt Gamble' article, Las Vegas Sun on Monday Feb 15th 2010

...The more curious aspect of Halkyard’s approach is that in addition to postponing debt payments, the company appears to be on a spending spree. Harrah’s expects to pay up to $100 million in cash to acquire the financially troubled Planet Hollywood on the Strip in addition to assuming the resort’s debt of $540 million — loans Harrah’s could delay paying until December 2015. It’s probably a bargain. The recently renovated resort is considered hip and cost more than $1 billion to build. Harrah’s executives say now is the time to jump on cost-effective deals that will benefit from an economic rebound.

Buying low and selling high makes sense for cash-rich companies, not Harrah’s, argues Randall Fine, a casino consultant in Las Vegas and a former marketing executive for the company. Buying Planet Hollywood is “foolish” because Harrah’s will need a significant improvement in business to stay afloat, Fine says.

Randy was quoted in the Sunday edition of the Singapore Strait Times, January 3rd 2010, article was  High stakes, high life.

They are usually male, they enjoy playing baccarat, and they bet anywhere from $5,000 to $200,000 a game. That's the profile of a Singapore high roller, said casino industry players. The reward for betting big? Casinos worldwide dangle free hotel stays and food, and for a privileged few, free flights on private jets. Indeed, the casinos here can expect high rollers in the region to turn up, said Mr Randall A. Fine. He is managing director of The Fine Point Group, a consultancy in the United States which specialises in gaming. 'Flying to Las Vegas is an arduous trip - the private jet doesn't get there any faster than the passenger in economy - and having world-class gaming in Singapore will make it more convenient for many of these players,' he said.


Greektown Casino-Hotel in Detroit and The Fine Point Group Implement Bally Business Intelligence™ Solutions
. Bally Technologies, Inc. (NYSE:BYI), a leader in slots, video machines, and casino-management systems for the global gaming industry, today announced that Greektown Casino-Hotel in Detroit, Mich., a $350 million casino property managed by The Fine Point Group, has installed Bally Business Intelligence (BI) for data analytics and visual analysis of gaming-floor performance, player and game interaction, and player behavior.  Read the full press release.

Randy was quoted in the article "Detroit Casinos Fare Suprisingly Well in touch Times" on October 30th 2009 published in the Wall Street Journal. Detroit has lost jobs, residents and much of its auto industry. But its gambling business is doing surprisingly well. At the Greektown Casino Hotel, owned by the Sault Ste. Marie Tribe of Chippewa Indians, revenue is up 6.1% this year. Cutting its hotel-room prices to $99 a night and dropping its all-you-can-eat buffet to $9.99 from $19 has helped it draw more business.

"We feed four times as many people as we used to," said Randall Fine, who became Greektown's chief executive in April. 

Randy was quoted in the local ABC news I-Team Report on Issue 3 in Ohio on October 29th 2009. At Detroit's Greektown Casino, thousands of the people who play slots are Ohioans. The manager of this casino says he isn't the least bit concerned about a casino in Toledo.

Randy Fine of the Fine Point Group says, "Honestly, this law couldn't be better written to benefit Michigan casinos, other than having no casinos at all."


Randy was recently interviewed for a one-hour news special about James Packer for ABC's 60 Minutes of Australia.  Check out his interview during the two hour special.


Randy was recently quoted in the article, The Putin Archipelago: The Kremlin Diktat that Exiled Russia’s Casinos to the Wilderness—Literally, published in the October 2009 edition of Casino Enterprise Management magazine - regarding the Gaming in Russia and the recent bill that made wagering illegal in 38 Russian provinces. 

...“VLTs are just slot machines. If that were done, that’s just a re-legalization of gambling.” 

Randy was recently quoted in the article, Buckeyes to vote; Detroit casinos eye competition, published Sunday October 4th 2009 by Crain's Detroit. 

“Not that many of our customers come from Ohio, and the structure they have proposed is not in the best interest of Ohioans,” he said. “They're trying to get sponsored for government-sanctioned monopolies in those four cities, and any time the government sanctions a monopoly, it's not the most aggressive business.”

Randy quoted in the article, MGM Mirage takes brands to abroad as franchisor, published Monday August 31st 2009 by AP News on mlive.com written by Oskar Garcia.

They are an attempt to build revenue rather than grow by adding assets. MGM Mirage is betting its branded resorts will attract visitors even without gambling, which now produces just more than one-third of MGM Mirage's revenue. Experts said that isn't guaranteed.

"If they're hoping to compete with Four Seasons, that's a high bar," said Randy Fine, a former Harrah's Entertainment Inc. vice president who started and runs the Las Vegas casino marketing and consulting firm [The] Fine Point Group. "That's not going to be easy."
 

Randy quoted in the article, Exec: Casinos are ‘a great economic development tool,’ not a silver bullet, published Saturday August 22nd 2009 by Dayton Daily News.

"Greektown has increased market share since its bankruptcy. Creditors demanded that an independent management group be brought in, said Randy Fine, whose firm The Fine Point Group was hired in February. Things have since turned around, he said. Greektown set profitability records for the last three months, according to Fine, and filled its hotel rooms 90 percent of the time."
 

Randy and the FPG team mentioned in the August 12th 2009 Fantini Gaming Report, A Fine Job

"One has to wonder what kind of shape bankrupt Greektown Casino would be in if Randall Fine and his Fine Point Group had been in charge all along.  Once more, Detroit’s smallest casino far outdistanced competitors..."  


Randy was quoted in the article, Southern California Inland casinos place their bets on new ideas, published Saturday August 8th in The Press-Enterprise, written by Jack Katzanek.  Inland Southern California, with its nine Native American-owned casinos, has more in common with Las Vegas than just a multitude of places to gamble. It all adds up to less money being spent on the slots and the tables and adjustments by casino management, although the strategies vary from place to place.

"The right marketing strategy is property-specific. There isn't one solution," Fine said. "It's not just all about making the buffet half-priced or giving double-points on club cards. There are different customers and different offers...It's all about putting the right money in the right players' hands at the right time," Fine said.
 

Randy was quoted in the article, How Vegas Lures Visitors, Even in a Recession, published Friday July 31st by Fox Business News. Casinos around the world employ countless strategies -- from design features like no windows and no clocks to marketing incentives like free booze and hotel rooms -- to keep visitors spending their cash and spending it at their casinos. Those strategies, especially the marketing ones, have only become more important as cash-strapped consumers have increasingly balked at the idea of gambling away their money at luxurious casinos, sending the $92 billion gaming industry reeling.

“Obviously capital has pretty much dried up, so marketing tends to be the driver of competitive advantage in this economy,” said Randall Fine, managing director of The Fine Point Group, the gaming industry’s largest consulting firm. “Almost all casinos have rethought their marketing strategies in order to compete for a smaller pie.”
 

Randy was quoted in the article, Hard Rock Hotel Expands as Vegas Rates Stay Down, published Sunday July 26th in Las Vegas Sun.  As a 490-room tower opens at the Hard Rock Hotel and Casino just east of the Las Vegas Strip this week, hotel operators citywide are struggling to fill existing rooms and staggering at the prospect of 10,000 more coming online this year and next.

"It's (the) wrong place, wrong time," said Randy Fine, a former Harrah's Entertainment Inc. vice president and the founder of Fine Point Group, a casino marketing and consulting firm based here. "They want to turn a boutique property into a mega-resort. This is probably not the time to be doing that."

The Fine Point Group, a leading casino consulting and management firm announced the promotion of two key executives.  Steve Dahle was named senior vice president of relationship marketing, and Marlene Reyes was named senior vice president of loyalty marketing and system architecture practice.  Read the complete story in GGB and in Casino Journal's People on the Move.