iBankCoin
Joined Apr 19, 2009
721 Blog Posts

On the Important Matter of the Casino Trip…

JenTilly
First tip off to a problem? No Jennifer Tilly in sight…

This saga began when Mrs. Gint “won” a silent auction… Now, if you are in a business where you auction things for a living—or if you happen to be a big Game Theory Economics geek– then you know about something called “The Winner’s Curse.” The skinny of it is if you have won a competitive auction, it’s pretty likely you’ve paid too much.

For this tale, we shall file that last under “Fugging A Right You Did!”

Our primary problem was Mrs. Gint had bid with insufficient information – a frequent error that often leads to the Winner’s Curse, as illustrated in cases of willy-nilly Chinese burrito stock purchasing and alcohol-inspired shotgun marriages.

You see, my wife had her heart set on checking out the new French Lick, Indiana casino resort that one of her friends had raved to her about. Mrs. Gint is all about the “spa experience” – from hot stone Rolfing to deep-mud Brasilian manicuring — and this French Lick resort not only had the original historic West Baden Springs Spa element (famed from the 19th century on for its healing mineral waters and baths), but also promised biking, hiking and horse-back riding—activities dear to the heart of my Kentucky belle. The real cherry, however, and what had elicited all the buzz down in Lotus-ville Hen circles, was that the entire facility had very recently been given a massively expensive facelift. Mr. William Cook, the now-deceased medical device tycoon of Cook Medical, put almost half a billion of his own dough into reviving this historic area, and apparently, his overinvestment had been well employed.

Those of you who live in the area have probably already guessed the nature of my troubles. For those who are not familiar, however, let me point out that the state of Indiana has distributed a number of casino permits over the last 20 or so years… only the most recent has been to my belle’s targeted destination in Larry Bird’s home town.
What’s more, the state started into the casino business with the very low “toe-in” class euphemistically referred to as “river boat gaming.” Not actually functioning boats, these barnacles still dot our Ohio river coast at various godforsaken embarkation points, thanks to Indiana politicians’ belief that calling a crappy casino a “boat” will somehow limit said institution’s size and influence on the gambling crazed public. Need I even mention that as soon as those same pols saw the cash coming off these oversized sardine cans, they said “Would it be cool if we just called them boats, cemented them to the river docks and let them gradually grow into mini-Vegases on the river?”

Part of the problem of the above noted “expansion” was that many of these unsightly river-wights added hotels and “spa facilities,” the description of which might confuse the unfamiliar prospect as to their true nature: riverside robbery dens for the discount cigarette set.

So I ask… can you blame Mrs. Gint for not knowing her way around the casino resort heirarchy? Or for perhaps having one too many bourbon and cokes the night of that fateful charity event? Or for not being able to parse one fake-Ancient Greek casino name from another? I know I can’t…

Though I certainly came close this past weekend…
(to be continued…)

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16 comments

  1. Random

    Stacked deck?

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  2. ecchymosis

    Looks like a Full House to me.

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  3. chessnwine

    I knocked Phil Laak (Tilly’s husband) out of a tournament once. At least he still had those to go home to.

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  4. TeahouseOnTheTracks
    TeahouseOnTheTracks

    The time could be right … Tax cuts won’t stimulate consumer demand and the gubmit can’t afford more stimulus spending to aid that demand.

    No Demand = No Jobs and No Jobs = No Demand … We are at a standoff and need a solution such as this;

    http://www.washingtonpost.com/opinions/the-deepening-jobs-crisis/2011/06/08/AGKQZQMH_story.html

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  5. Name

    a cow

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  6. Moobs

    Feeling royally flush!

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  7. MOTV8

    The Mouth calls there, no doubt.

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  8. The Track Philosopher

    She was GREAT in “Let It Ride!” And if you’ve never seen the movie then you’re not playing with a full hand.

    And just a quick recommendation while we’re talking casino trips: Buy MGM and hold for 2 years – possible fourple.

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  9. JakeGint

    I apologize for the lameness of the above layout. I had about 10 embedded links in the above, not to mention other formatting bits, all of which disappeared when I tried to transfer it from Word to the bloody WordPress box.

    Apparently I’m having some trouble with the “visual” format, as my computer will not allow me to utilize it. I had all kind of explanatory embeds in there, for those of you were curious about William Cook (a great, great man) and his French Lick “donation” to the people of Indiana. I also had some shit in there about Game Theory Economics and the winners curse, but now you are going to have to look all that up on your own.

    Again, my apologies. I appreciate your forbearance while I’m experiencing these technical difficulties….

    __________________

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    • muktukchuck

      On the matter of brides and silent auctions, mine once paid $7000+ for a Bobby Orr jersey at an event, albeit he is the best player to ever pull on a jersey, but of course not the best Canuckistani athlete. That honour, which I’m sure a Kentucky belle would know, belongs to none author than the sire of all but ONE of the large field of Kentucky Derby starters = Northern Dancer. A stud whose WNR never let him down.

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      • muktukchuck

        Pls forgive the grammatical; syntax; and context errors of the previous post. Although above is historically correct = Dancer didn’t sire them all, but the lineage is his. It’s Sunday night and the between the Chappellet Chardonay; the Stone Boat Pinor Noir; the Mission Hill Oculus blend and the Zero Balance late harvest =====> its been a drop freaking dead wonderful day. Trade well.

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  10. #6

    Was this a misguided self-inflicted birthday present for the master of the house?

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    • JakeGint

      She told me before we left that this was “for both our birthdays…”

      oooh boy.

      (Now I’m not supposed to get her anything? riiiiiight!)

      _______

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  11. ibcbet

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