Mark Cuban is pretty much a nut, but he's a rich nut. So I read his blog. The other day he reposted this article. Being unemployed and a lot less wealthy than I used to be, I took it to heart. I want to do what I love. But what is it that I love to do? Well, I like to gamble. So why not look for something in the gambling industry...even if it was a piss poor job on the ground floor.
Thursday, August 18, 2011
So I just landed a job in the gambling industry...not quite on the ground floor, but I'll be making about 1/2 what I made at my old job. I'll be managing a video slot machine parlor. I'll have 4 employees under me. I get to make my own schedule, but I can be called out at times to pay big winners when there isn't enough money in the safe to cover the hit. Basically these machines are multi-game slot machines that are hooked up through the WV Lottery. On my days off, I still have to show up at some point and empty the machines and make the safe drops, depending on how much money is in the safe.
My main objective in looking for a job such as this is to gain as much knowledge as possible to open my own establishment. It's the perfect opportunity to get an idea of what all needs to be done to make one of these things successful. This one handles about $700K/month in bets and probably nets $50-60K a month after payouts. The state gets 52% of that money and some of the machines belong to a vending company that gets 24%. The store gets the remaining 24%, but there are 2 machines where they get 48% because they own those machines. Despite everyone seeming to have a hand on the profit, there's still decent money in the businesses because of the low overhead to run them. Multiply that by 5 locations and the owners are doing well. I want to be an owner one day soon and this is my ticket to learn the business.
Given that I'm the manager, I get to make my own schedule. I'm supposed to schedule myself for about 36 hours and then with being called in to pay big winners, I will end up with about 40 hours a week. I plan to work this job and still play poker a couple days a week to supplement my income. I can work around my poker schedule as needed. Or play poker around my work schedule.
I'm excited about the job even though it doesn't pay all that much. I'll be doing something new and being around gambling gets my blood pumping (even though I avoid slots like the plague). The job is easy, so much of my "work" time will be just keeping the place clean, keeping the gamblers happy (hopefully happy enough to tip me when they win), and keeping my Kindle charged to help pass the slow times. With my expenses being at an all-time low right now, I can save some money and get set to move up in the industry. The next step is to open my own location, then another, and another, etc. The more I learn, the easier it will be for that to happen.
I get started on Sunday.. depending on how the schedule is set for next week, I might not begin my full-time shifts until the next week. We'll figure that out on Sunday. I'll probably sneak a trip to the casino tomorrow and maybe even spend the night and play some Saturday as well to get some extra hours in.
Posted by Predator314 at 4:39 PM