Tag Archives: Gambling

Casino Marketing and Technology

Harvest Trends recently debuted a new CRM product, built specifically for casino hosts and their team leaders, at the first combined Casino Marketing & Technology Conference in Las Vegas. While we were there, we met lots of great folks and heard some very informative sessions on the challenges faced by casino marketers and how those challenges can be overcome. As a result, the conference, which provided the perfect blend of marketing & technology information to casino operators from around the world, introduced us to (and reminded us of) some things that will enable casino marketers to be more competitive in an increasingly connected and customer-oriented marketplace.

Steve Browne and Dennis Conrad of Raving Service and Raving Consulting, respectively, were each the recipient of a Lifetime Achievement Award during the conference. During their acceptance speeches, they both repeated their oft-stated opinion that casino marketers are behind the curve when it comes to utilizing technology to effectively communicate with and market to their patrons. (After the conference, Amy spoke with a high-end blackjack player who confirmed that these gentlemen were correct. Not only do casino patrons often receive offers that don’t apply to their preferred activities, but the offers are sometimes seen as insulting or inconsiderate of the effort the patron would have to expend to take advantage of the offer, even when they are interested in them.)

The next day, Tim Huckaby (CEO of Actus Interactive, who is also an executive with Microsoft and several other prestigious technology companies) told attendees of the final afternoon keynote how technology, hardware, and associated software have continued to become more affordable and how they can improve engagement and interactivity between patrons and the brands they like. This means that affordable solutions to many problems encountered by casino marketers are readily available…but as an industry, we tend to stick to the tried-and-true, even if it’s not working as well anymore. Tim’s keynote indicated that it’s no longer prohibitively expensive to utilize the latest tools and integrated services to draw in new patrons and continue to keep them interested using a combination of technology and service.

Featured image

Long story short, there are a number of technology companies who are positioned to partner with casino marketers to enable them to meet customer expectations and drive more bottom-line revenue for their property. The gaming vertical is virtually crowded with vendors who can simplify the processes necessary to provide a more customized experience to casino patrons. It really is as simple as finding the right partner to help with your mail segmentation (and testing programs), modify your messages to make them more amenable to variable data points, identify your players of interest and opportunity, manage your communications with them, and track the effects of your efforts so you can refine them as you go.  To make it even more advantageous, you could choose only the services you need to keep costs in line. Bringing on a technology partner doesn’t mean you’ll have to invest a ton of money in software or hardware, nor does it require a long-term commitment in some cases.

If you found a partner who could enable you to do almost anything your heart desires, what would you do? What A/B testing would you conduct? How many segments (and by what data points) would you divvy up your mail file into if there were no limits? What changes would you make to your rewards program or club tiers or player development function?

When you have the right technology partner, virtually anything is possible. Do some online research, talk with your counterparts or folks with similar titles at other properties, go to a conference, do whatever feels right to you; but start looking around to discover what resources are available to help you do what you do even better!

Ask Harvest Trends how we can help you accomplish more and spend less, driving more bottom line revenue and patron satisfaction. It’s what we do.

The Stanislavsky Method in Customer Service

Fall often brings reminiscing, at least for me, about cooler mornings and warm weekday afternoons in a classroom.  In my high school years, I was fascinated with acting and drama, so it’s no surprise that I thought back to those classes after getting the kids onto their respective buses this morning.  Happily, I remembered learning The Stanislavksy System (or Method)…and realized that it influenced my approach to customer service. (Cool, huh!?)

For those of you who never aspired to act, the Stanislavsky Method (known more commonly these days as “Method Acting”), was a huge departure from the 19th century approach to bringing characters to life on stage. Instead of the big, broad movements and exaggerated speech that had been the norm up to the turn of the century, Constantin Stanislavsky believed that a more natural-looking performance would be more believable and just as entertaining.  At its heart, his Method stressed that the actor must first be believed, an accomplishment even more important than being heard or understood.  He must have been on to something, since his Method is being taught in acting schools around the world today.

So, you’re asking, “What the heck does all this acting stuff have to do with Customer Service?”  I’ll answer your question with a question of my own.  Have you ever had to act your way through a customer service interaction?  Have you had to pretend to care, or hold your tongue because the guest in front of you was being unreasonable, or try to keep from laughing because the situation was so absurd?  Yes?  I thought so.  The Stanislavsky Method, applied to these situations, would be immensely helpful.

Here’s how the Method works:

  1. Ask the “Magic If.”  “If I were insert name or description of person here, what would I do?  This is helpful because it allows you to step outside yourself for a moment and find a different perspective for handling the situation.  You could put yourself in the guest’s shoes, channel your boss, a mentor, or your mom to find the right point of view with which to approach the situation.  (WWJD also applies in this step, but from a slightly different perspective.)
  2. Re-think how you move and talk.  This step could make or break your interaction with an upset guest. Letting your own negative emotions show can quickly escalate an already unpleasant situation.  Take a moment to check your body language, facial control, and tone of voice.  If you look and sound annoyed or inconvenienced, the guest will pick up those vibes and react accordingly.  Make a conscious effort to project positivity, confidence, and empathy.  The rest of the steps will support this effort.
  3. Observation; be a people watcher.  Actors are always looking for a way to get into the thought processes of their characters.  One way to accomplish this is to observe real people in their natural habitat and learn about different behaviors, interactions, and personalities.  There are multiple ways this powerful tool can be of help to those who deal with customers every day.  First, even without a guest in front of you, if you are paying attention, you can spot people who are on the cusp of an issue (people looking around for help, confused facial expressions, guarded body language) and sometimes avert disaster before it develops.  Additionally, while you are interacting with someone, paying attention to how they hold themselves and respond to you and others around them can be a powerful guide to handling them more appropriately.  Plus, you can learn from the examples others have provided in their customer service conversations and adapt their more successful strategies for yourself.
  4. Ask “What’s my motivation?”  Surely you’ve heard aspiring actor characters in pop culture asking this question of an acting coach or director.  It’s a great question for actors to ask, because understanding the reasons behind someone’s actions helps an actor get more deeply into the head of the character. The same is true for customer service.  If you understand WHY the guest is angry or frustrated or laughing hysterically, it’s easier for you to resolve the situation to that guest’s satisfaction.  Without an understanding of the motivation behind a behavior, you will have difficulty convincing the guest that you really care about their issue, and you’re taking shots in the dark to hit the right solution.
  5. Emotional memory.  If you’ve ever wondered how someone can cry on cue, this Method step may be the answer.  Clearly, actors sometimes have to transmit emotions that they may not actually feel. To display the appropriate emotion (whether you’re feeling it or not), channel a time when you did feel the emotion in question. Dredge up that memory and let the replay loop in your mind’s eye. You’ll start to feel it again, and it will show up in your expression, posture, gestures, and tone.  In customer service, use a memory of being helpful, in charge and successful.  Or, if you prefer, find a memory of poor service and “wear” that to empathize with your guest, then bring him back with you to a level playing field where you can work with one another to solve the dilemma you are now facing together.

Acting and customer service don’t have a lot in common at first glance, but the Method proves that there are effective steps to find the right approach almost any situation in which you need to convince someone that you are who you claim to be.  These steps, whether put together in this order or applied one at a time as needed, will help you to become a better, more empathetic advocate for your guests.  They will appreciate the time and energy you put into it, and you will grow from the experiences.  It’s a Win/Win!  (And how often does THAT happen in the casino industry?)

Casino Marketing Vendors to Treasure

Since joining the team at Harvest Trends, I have discovered that there is, sadly, no need for me to keep in regular contact with some of the vendors and their reps who made my life easier over the years.  This point was made clearer to me as I walked through the expo hall at the Southern Gaming Summit in May and the Casino Marketing Conference in 2014.  Even though I am no longer a customer to some of these folks, I was pleased to see some familiar faces at the booths.

Many of these people were instrumental to the success of some pretty big VIP events and player loyalty programs for which I was responsible, as their companies went above and beyond to ensure that everything went as smoothly as possible for my team, my guests, and me.  They don’t know I’m writing this about them.  They didn’t ask for this, nor did they have any input into this post.  They are, simply put, people and businesses who provided me great products and/or services and will, I’m sure, do the same for you.  The business name for each is also a link to the company’s website.  They’ll open in a new browser tab, should you have interest in any of them.IMG_1113

All-Star Incentive Marketing

All Star provides a wide variety of gift and giveaway items to its clients.  From high-end handbags to 4″ tall live plants, if they don’t have it already, I’m sure they can find it for you at a reasonable price. (…and if they don’t find it at a reasonable price, they will tell you what it will cost and offer alternatives!) At my last property, we did a couple of highly successful events with All Star at the ready.  They assisted us with a “choose-your-gift” event for our top rewards club tiers that exceeded all expectations.  How?  The initial list of items was quite impressive: good value for our spend and high perceived value for our guests (like Vera Bradley, Sunbeam, and Bluetooth). Then, once the selections were complete and event plans had been finalized, our sales rep came to the property to assist with the order-taking.   The guests got to touch samples of the items available, ask questions about them (Tim was really great with this part!), then choose which one they wanted to order for pick up (second trip!) on a pre-determined date.   I don’t know if this is something he does for all his clients, but Tim’s presence had a calming and reassuring effect on my nerves. He was super professional and super polite. I wouldn’t hesitate to do the exact same event with him again.

In addition to this fantastic giveaway, All Star came to us with some innovative ideas for point redemption programs, VIP and “regular” player giveaways, and everyday promotions and events. They were always honest with us about what we could expect in terms of price and delivery, supported their products without fail, and were responsive to our requests for more information or ideas. They even sent some of their executives to our property to meet with our marketing team in order to establish a stronger working relationship with us. It’s that kind of customer service that makes me recommend this company.

Integrity Events

Integrity Events helped me book entertainers for my showroom and New Year’s Eve event for a couple of years.  From corporate events and private parties with energetic cover-performing groups to big arenas with nationally known entertainers, these folks can help you find the right act(s) for your event or venue, and they can even help you with production services if you need them.  Lori was our contact, and she was fantastic.

Lori made it possible for me to book a couple of big-name artists I wouldn’t have been able to afford without her assistance.  How?  She knows her stuff and saw opportunities that I would have never known existed. She presented me with deals and options and straightforward advice that made my job so much easier than I could have ever imagined.  Her advice and suggestions were spot on, she never lost her patience with the decision-making process (that often took longer than I wanted it to) at the property level, and she did everything she could to provide us with the best entertainment value possible.

Entertainment is what Integrity Events does, and just like the name implies, they give you the honesty, respect, and service you deserve.  No matter what sort of event you’re planning, if it’s big enough to need live entertainment, Integrity Events is a great resource for finding the right act.

Pixus

As part of a cross-training exercise at my last casino property, I was responsible for traditional marketing for a few months (instead of “casino” marketing).  I had to oversee direct mail, advertising, promotions and events (again), property signage and messaging, and I took on an increased role in analysis and planning during that time.  Pixus was instrumental in my success during the training period, and about five years later, the property is still using my biggest Pixus purchase: a 6’x6′ magnetic game board.

I had contacted them initially to inquire about some signs we’d ordered from them.  Because I wasn’t their primary contact at the property, I wasn’t receiving notifications from their shipping folks.  While I was on the phone with Edna, she asked if there was anything else we needed, and she connected me with a sales rep (whose name I don’t recall) who sent me information on a handful of products they thought we might find useful.  As a result of this, I had some PhotoFab pumpkin pies made to alert buffet guests to a giveaway that was coming up, they produced a giant banner for my front entrance because our in-house large-format printer was down, and the magnetic game board they suggested has been in regular rotation since we bought it several years ago.

No matter what you need printed (even if you’re in a big hurry), no matter how big or small, and no matter what medium you choose, Pixus can get it done to your satisfaction.  They impressed me more than once.

Specialty House of Creation 

When I arrived at my last property, I learned that they usually purchased bungee cords approximately a quarter of a million at a time from this company.  They traveled, literally, on a slow boat from China, and they were the best ones I’d seen at the price point they’d negotiated.  (The slot machine bungee was my favorite.)  One of our shipments was subject to a customs delay, and the folks at SHC alerted us right away…with a solution!  Instead of just e-mailing their contact to tell her the bungees were going to arrive several weeks later than anticipated, they followed up with a call to ask how long our on-hand supply would last.  When we did the math and realized we’d run out of bungee stock before the delayed shipment arrived, Specialty House’s team suggested several alternatives which were readily available to imprint and ship, and at prices that didn’t make our finance team shout at us.

Once in 7 years we ordered bungees from another supplier instead of from SHC.  That was all it took to convince me.  The shipment we received was of inferior quality and the company we bought them from was apparently disinclined to even apologize for what we felt was a poor substitute for our usual product and follow-up service.

SHC carries a wide variety of promotional items, from keychains to t-shirts and everything in between.  If you can put a logo on it, they have it– or they can get it.  They’ve been supplying casinos with stuff for years…and everyone there is so much fun to talk with, you’ll feel like you’ve been their customer for years after only a few minutes.

Micro Gaming Technologies

At my last property, when we decided to stop handing out paper entries (and move into the 21st century with our promotions), MGT was the vendor we chose to provide us with automated drawing software.  While I wasn’t intimately involved with the selection process or the installation, I was mightily impressed with the finished product. My teams and I had to use MGT when we conducted drawings and announced promotional winners, and it was a very user-friendly and transparent experience.  The guests, who had some reservations about the change to electronic drawing drums, quickly came to appreciate the convenience and clearly random selection process for determining drawing winners.  Having the winners’ names appear on screens throughout the property eased our ongoing problem with communicating this important information to folks who were in the buffet line or who had visited the racetrack, and the associates in finance and analysis really liked the fact that we could quickly report on the number of participants and provide information related to the promotions in a much more timely manner than we’d been able to do before.

When we had issues of any kind, Bill and/or Wright were only a phone call away and were able to quickly resolve the problem in most cases.  They trained our staff thoroughly, provided ongoing support that gave us confidence in the product, and updates were always handled professionally with our fantastic IT team.  This kind of experience with a technology vendor can be difficult to find, but MGT delivers good service for a great product.

_____________________________________________________________________________

Who are some of your favorite vendors for casino marketing products and services?  Tell us all about them in the comments section.

How a good host handles a “bad” guest.

Someone found this blog by searching the phrase, “how to reason with a casino host for comps.” As I’m sure you can imagine, I was pretty taken aback by this phrase. Having spent years in the industry, and having handed out millions of dollars in comps, it was clear to me that the player who Googled this has no idea how or why hosts issue comps in the first place. Like most casino guests, he thinks it’s all about him.

The first thing I wanted to tell this casino patron is that reasoning with a host isn’t the way to get a comp. Comps are based on play. Then it occurred to me that he’s undoubtedly heard this phrase before and is looking for advice on how to wheedle or cajole to get comps unwarranted by his play.

More importantly, what should a host (or any other player development pro) tell a guest who is trying to “reason” with him for a comp? The first thing you should do is establish the fact that the guest’s play should be the main consideration for any discretionary comps you may issue. In my years in the industry, I’ve heard so many of their reasons for believing they deserve a comp that this became my mantra.  “We issue comps based on play.” Repeat it. Say it in different ways if you need to.  “Your play doesn’t support the comp you’ve requested.” “Have you played yet?” Always bring it back to the play.

Next, tell the guest how much he or she needs to play in order to warrant the comp they’re asking you to give them. As Raving Service’s Steve Browne says, “You’re not negotiating the comp. You’re negotiating the guest’s play.” If your property has a blind discretionary comp system, equate the theo to points based on the guest’s past play history and give him a point threshold which will bring him to a level that will earn the comp he wants. That way, the burden is shifted to him.

Then, monitor and issue only what the play warrants.  If he needs to earn 1000 points to get the free room, he has to earn 1000 points to get the free room.  Don’t give it to him for 900, offer a discounted rate instead.  Stand by your word.

Sure, it’s tough to withstand the barrage of reasons the guest will throw at you in order to wear you down and get what he wants. But know this: if it works, he’ll do it again and again.

“It’s your anniversary? Great! Here’s ‘the tier benefit for that occasion’.”  (Alternatively, here’s a greeting card with an offer for your next visit. Or maybe a free dessert.)

“You had a tough day at the slots? I’m so sorry the machines weren’t being very forgiving today. Can I make you a dinner reservation (or walk you to the head of the buffet line) so you can take a meal break?”

“The cocktail server didn’t make it to you in a timely manner? Would you like a bottle of water? I’ll be happy to bring it to you right here.”

As always, be polite. As usual, you should follow the rules and guidelines when issuing comps for any reason.Should you make the decision to issue a comp despite my suggestions to the contrary, be crystal clear with the guest when you explain things. Before you hand over the voucher, make eye contact and say something to let him know exactly why you decided to issue the comp and that you want him to know how much you value his business.Let him know you appreciate his loyalty and clarify whether or not you are likely to issue similar comps in the future. Make sure he understands that you are making a rare exception for him because you are his host.

The bottom line is this: if the comp is warranted by play, then comp away.  But when something other than play becomes the issue, a comp is probably not the best solution. Use your creativity to come up with an alternative that is appropriate to the reasons the guest has presented when asking you to give them a comp Handling such requests using this rule of thumb will prevent you from creating unreasonable expectations. And just as you always should, use your best judgment.

Casino Host Basics

So you’re a casino host.  Now what?  There are tasks and goals and guests and procedures, and some of them seem to be at odds with one another.  Simply put, it’s a host’s job to balance all these things.  Your primary objective is to drive more trips or get more play from the best players at your property.  The tasks and goals and guests and procedures are all parts of the whole role, which is to build relationships with players on behalf of your property in order to secure their loyalty and limit the amount of their gaming wallet that goes to your competitors.

As a rule, the relationships you build with your players will become second nature after a time.  They may begin to feel like your actual friendships.  You’ll learn which of your players are interested in what sort of events at your casino.  You’ll figure out which ones want more comps than their play warrants (manage them carefully!) and which ones would rather just be left alone to play.  It won’t take you long to remember what brand of smokes your best players prefer, and which restaurants each of your better players frequent.  Who golfs, who owns his own business, who takes care of their grandchildren on weekends, who gets all worked up if you don’t return their call within a couple of hours…you get the idea.7K0A0523

But you have to start somewhere.  Begin with a letter to any “new” players, meaning ones you haven’t yet met face-to-face.  After a few days, give each guest a call to inquire whether they’ve received your letter and whether there is any service that you may offer to them.  Have a calendar or list of upcoming events handy so you can tell them what’s going on, and note the events in which they seem interested.  (That way, you know which ones to contact them for in the future.)  Explain the services you can provide and ensure that the guest knows how to reach you when they need you. As a host, it’s your responsibility to provide the guest a touchpoint for your casino.

A player’s host is his “inside man.”  You should be able to get him a room or dinner reservations or show tickets or registration for a tournament or other event without him having to do more than ask you to take care of it.  Afterward, relentless follow-up is required.  Always return a guest’s call as soon as humanly possible and do what you say you will do.  If you’re making reservations, call back with confirmation that the task is complete, no matter whether the reservation is for today or in three weeks.

Work within the guidelines you’ve been provided, and remember that when you break a rule for a guest, you are, in fact creating a new rule.  Players will share with one another what you’ve done for them, and others will begin to expect the same sort of consideration.  Be diplomatic, and learn to say “no” and make it sound like “yes,” using the phrase, “what I CAN do for you is…”  It’s never a good idea to create an expectation for something you cant deliver.

Learn how to read player accounts well enough to quickly determine whether a guest will still be profitable after redeeming all his or her offers before providing additional incentives.  If she redeems her room and meal coupons, downloads all her points for free play AND you give her a comp, how much of her play is left over as profit?  Let that be your guide.  As a general rule of thumb, don’t comp someone more than 10% of their average theo (or loss, if that’s a bigger dollar amount.)  When you DO provide an extra incentive to a guest, be sure they understand whether or not such an incentive may be provided again in the future.  Tell them what they need to do to get what they want.

Ask the other hosts on your team (particularly those who are more experienced) how they handle certain situations and take the best practices from among them to make your own.  Every host is different in some ways from his or her counterparts, and because of that, your own signature approach will often serve you well.  Learn from your mistakes and always ask someone you trust for help when you need it.

Remember always that your job is to get more visits or more play from the best players at your casino. The best hosts find a way to accommodate their guests without creating unrealistic expectations, learn to anticipate their guests’ needs, and accurately report on their activities so the property’s leadership understands the Player Development team’s contribution to the bottom line. The tasks and goals and guests and procedures are how you get there.

 

 

6 Event Ideas for Casino Player Development

Who hasn’t been there, right?  You’ve found yourself  sitting in a meeting or in front of your computer trying to come up with an idea for a thing to do to move the needle.  The solution, if you work in casino player development, often involves putting together a plan for bringing people through the doors of your casino.  Increasing player visits and/or the amount those guests play is, after all, the primary function of a host team.  Here are a few tried and true events or games that you can freely borrow (or modify or giggle over) for use in bringing your best players to see you.   Enjoy!

  • Who can earn the most points?  A competition.  This is a perfect (non) event for those big players who aren’t interested in gatherings or elaborate meals; you know, the ones who just want to play.  Select a group of good players and a time frame during which you want to drive some extra play, then communicate The Points Challenge to those players.  The player who earns the most base points during the time frame you’ve designated WINS!  Pros: drives revenue from good players, not very labor intensive, has an “exclusivity” factor, doesn’t have to be expensive.  Cons: no excitement factor, only moves a small group of players, requires timely database or IT support.
  • Come find me and choose your prize.  I’d like to meet you.  Not so much an event as a “dialogue,” this works fabulously for hosts who have players they’ve never met face to face.  Set a time frame and communicate to the host’s players that if they find him on the gaming floor during that time frame they can choose an envelope which contains a prize.  Print up a variety of prize vouchers, and have the host randomly put them into envelopes, several of which he can carry on his person as he walks the gaming floor during the specified time frame.  Things to decide: the prize pool, expiration dates of the offers, whether the host may “reluctantly” allow the guest to exchange his prize for something else if he isn’t happy with his lot, and whether players may play more than once during the event.  Pros: gets hosts face to face with guests, hosts are visible on the gaming floor, they can also be tasked with sign-ups and working the high-limit areas during the envelope time frames, other guests see and are intrigued.  Cons: hosts aren’t on the phones while they are on the floor, difficult to communicate prize pool to potential participants to incent visitation, other guests see and can’t participate, some “wasted” productivity is a possibility.
  • Choose your prize, social edition.  Choose a varied group of players and send an invitation for a cocktail party (or ice cream social or cigar party or whatever works in your market) and let the guests know that each of them will have an opportunity to choose a prize at the event.  Theme is important for this event, as it will determine the method by which patrons will choose a prize.  Is it St. Patrick’s Day?  Have the guest draw a chocolate coin from a plastic cauldron.  Are you closer to Easter?  Have them choose a plastic Easter Egg.  In mid-Spring, put fake money on a fake tree and have guests choose a “leaf.” The possibilities are endless.  Every choice wins the player a minimum prize of some sort (think $5 value), but some choices are specially marked (with a number or a colored sticker) to award a bigger prize.  Celebrate the big winners, so people know the prizes are being won and to create excitement.  Pros: volume can drive revenue, hosts are interacting with guests, guests interact with one another, everyone wins.  Cons: labor-intensive, can be expensive (depending on F&B and labor costs) and revenue flow-through may suffer if volume isn’t solid.
  • Win a prize, game show edition. This, too, has many variant possibilities, and can be as expensive and elaborate as you want to make it.  Choose your game and emcee, theme and prizes, then use your per person cost to determine the list of invitees.  This is a good opportunity to invite guests who are about to level up, who might level out, or those you haven’t seen in a while.  Go all out and produce a Dealmaker show where guests dress up and choose from among several hidden prize options, or have a Price-a-Rama where they have to play a game to see what they’ve won.  Video games work well, too.  Use your imagination!  Pros: high excitement level, generates buzz, creates interaction with and among guests.  Cons: requires tons of planning, can be expensive, takes players (and staff) off the floor for a while.
  • Choose a gift gathering.  A double-tripper.  Decide who you’re going to invite and how much you want to spend on each gift.  Put together a selection of gift items in that price range (look for high perceived value and low actual cost, obviously), then prepare an order form to be given to each guest at your event.  Have a few samples of each item available, and send an invitation for guests to come to the property to make a selection on a specified date and time.  At the gathering, guests can touch and feel the gifts, schmooze with your staff, and order the item of their choosing, knowing what day to come back (a second trip!) and pick it up.  Decide whether there will be a wide or narrow window for ordering and for pick-up, and whether hosts will be allowed to “hold” items for a later visit if good players can’t make it in during the scheduled time.  Pros: staff/player interaction, guest choice and goodwill, two trips per player.  Cons: requires tons of planning, labor-intensive, could get expensive, leftover items need storage/disbursement.
  • Sit-down dinner.  A conversation starter.   If you have a steakhouse, close it and host a private party for your very best players.  If not, arrange with your F&B team to put together a nice dining experience and invite your best players.  Assign seating in advance using your hosts’ knowledge of the guests and include a property executive at each table.  Have some questions prepared in advance in case the conversation doesn’t flow naturally, and use this dinner as both a revenue driver and an opportunity to learn what motivates and aggravates your top 20%.  Pros: everyone has a nice dinner, guests feel important, great learning opportunity.  Cons: can be expensive, takes players and execs out of commission for a while, issues may arise that the execs cannot speak to or address.  (Don’t make any promises!)

There are more where these came from.  If you have a suggestion or want to ask about additional ideas, please comment below.  If you have executed any of these, sound off and let us know how it went!

How do I set up and track Casino Host goals? (Part 1 of 5)

Maybe you just got a promotion.  Or, the market around you has changed and you need to respond to that.  You got a new boss, or you’re starting a brand-new host team, or you got a job at a new property, or something like that.  Anyway, you have found yourself sitting in front of the computer trying to assemble Casino Host goals for the Player Development team.  And you’re not sure where to start.  Please read on.

Start with some basic structure questions.

  • Will the amount of the bonus to be paid out be salary-based or will there be a set amount which can be earned?
  • Will you add a team bonus or simply pay individual hosts based on their own achievements?
  • Will there be bonuses paid for partial achievement?
  • Will you pay a super-bonus for far exceeding the goals?
  • Will goals be based solely on the revenue the team generates, or will you include some strategic objectives for the team to achieve?
  • If you include them, will the metrics-based goals be paid out even if the host doesn’t reach his or her revenue target?
  • Upon what will you base the revenue targets?
  • What metrics will you choose for the strategic objectives and how will you set those target numbers?

Once you have made some decisions around these questions, you’re ready to do some analysis in order to answer the specifics.

Yes, you’ll need to crunch some numbers in order to set the goals.  At a minimum, you need to understand the following:

  • How much cumulative revenue the players coded to each host generated in a period that looks like your bonus period. (Whether you use gross theo, net theo, actual or some combination thereof is up to you.)           -OR-
  • An average revenue amount and number of trips for all the host team’s coded players.
  • How much your property expects its revenue numbers to change from the quarter you analysed to the quarter you’re setting the bonus for.  For example, in Q1 2014, Sandy Palace Casino expects to see 3.5% growth over Q1 2013.  (You should assume the hosted players will be subject to the same anticipated increase in worth, all things being equal.)
  • How many new players your hosts will add to their list over the course of the quarter and what they are expected to be worth.
  • What sort of player attrition the property has experienced lately (say, quarter over quarter).
  • The number of players in your database who deserve but do not currently enjoy host attention and their worth.
  • Whether any additional threats to the cream of your database exist in your market and what revenue might be lost if that threat comes to fruition.

Have you got all that?  Good.  Now, let’s build some goals for a bonus program.