IP Library Granted Patent US 7,212,978
Granted Patent B2
US 7,212,978 · App. 09/989,929 · Granted May 1, 2007

Customer valuation in a resource price manager

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Quick Facts
Patent No.
US 7,212,978
App. No.
09/989,929
Granted
May 1, 2007
Kind
B2
Abstract

A system that manages and optimizes total customer value on a property-specific basis and by further considering customer activities across multiple properties in a chain of properties.

Claims (53)

1. A computer-implemented method of determining a customer valuation for a specific property, comprising:

receiving a request for a resource for the specific property for a customer;

using the computer to perform a valuing operation for the customer based at least on gambling activities, stored in a database, of the customer at two or more properties, where the customer value is specific to the property;

using the computer to determine a cost of the requested resource in accordance with the customer valuation, the cost being stored in a memory of the computer; and

returning a customer segment, expected nightly profit, and an indication of whether the customer is incentivized to a resource manager so that the resource manager determines a price for the resource, where the resource manager is a software program.

2. The method of claim 1 , wherein the customer gambling activities are located at properties different from the property for which the customer is being valued.

3. A computer-implemented method of determining a customer valuation for a specific property, comprising:

receiving a request for a resource for the specific property for a customer;

using the computer to perform a valuing operation for the customer based at least on gambling activities, stored in a database, of the customer at two or more properties, where the customer value is specific to the property, where valuing the customer comprises:

determining a theoretical win for the customer;

determining daily profits for the customer in accordance with the theoretical win; and

determining a customer segment in accordance with the daily profits; and

using the computer to determine a cost of the requested resource in accordance with the customer valuation, the cost being stored in a memory of the computer.

4. The method of claim 3 , further comprising determining whether the customer should be incentivized.

5. The method of claim 3 , further comprising adjusting the daily profits in accordance with the number of nights that the customer stays in a property overnight.

6. The method of claim 3 , further including determining the customer segment in accordance with total nightly profits.

7. A computer-implemented method of determining a customer valuation for a specific property, comprising:

receiving a request for a resource for the specific property for a customer;

using the computer to perform a valuing operation for the customer based at least on gambling activities, stored in a database, of the customer at two or more properties, where the customer value is specific to the property, wherein valuing the customer is also based on the fact that a first type of game is less profitable than other types of games; and

using the computer to determine a cost of the requested resource in accordance with the customer valuation, the cost being stored in a memory of the computer.

8. A computer-implemented method of determining a customer valuation for a specific property, comprising:

receiving a request for a resource for the specific property for a customer;

using the computer to perform a valuing operation for the customer based at least on gambling activities, stored in a database, of the customer at two or more properties, where the customer value is specific to the property, wherein valuing the customer also includes determining whether there are to be multiple customers in a room; and

using the computer to determine a cost of the requested resource in accordance with the customer valuation, the cost being stored in a memory of the computer.

9. A computer-implemented method of determining a customer valuation for a specific property, comprising:

receiving a request for a resource for the specific property for a customer;

using the computer to perform a valuing operation for the customer based at least on gambling activities, stored in a database, of the customer at two or more properties, where the customer value is specific to the property, wherein valuing the customer also includes determining a default theoretical win for the customer when there is no data from previous trips of the customer to one or more of the properties; and

using the computer to determine a cost of the requested resource in accordance with the customer valuation, the cost being stored in a memory of the computer.

10. A computer-implemented method of determining a customer valuation for a specific property, comprising:

receiving a request for a resource for the specific property for a customer;

using the computer to perform a valuing operation for the customer based at least on gambling activities, stored in a database, of the customer at two or more properties, where the customer value is specific to the property, wherein valuing the customer also includes determining an actual theoretical win for the customer based on data from previous trips of the customer to one or more of the properties; and

using the computer to determine a cost of the requested resource in accordance with the customer valuation, the cost being stored in a memory of the computer.

11. A computer-implemented method of determining a customer valuation for a specific property, comprising:

receiving a request for a resource for the specific property for a customer;

using the computer to perform a valuing operation for the customer based at least on gambling activities, stored in a database, of the customer at two or more properties, where the customer value is specific to the property, wherein valuing the customer also includes determining an average daily profit for the customer based on data from previous trips of the customer to one or more of the properties, by gaming type; and

using the computer to determine a cost of the requested resource in accordance with the customer valuation, the cost being stored in a memory of the computer.

12. A computer-implemented method of determining a customer valuation for a specific property, comprising:

receiving a request for a resource for the specific property for a customer;

using the computer to perform a valuing operation for the customer based at least on gambling activities, stored in a database, of the customer at two or more properties, where the customer value is specific to the property, wherein valuing the customer uses a default source theoretical win value when there is no data on the customer's previous trips to one or more of the properties and the source of the customer is known; and

using the computer to determine a cost of the requested resource in accordance with the customer valuation, the cost being stored in a memory of the computer.

13. A computer-implemented method of determining a customer valuation for a specific property, comprising:

receiving a request for a resource for the specific property for a customer;

using the computer to perform a valuing operation for the customer based at least on gambling activities, stored in a database, of the customer at two or more properties, where the customer value is specific to the property, wherein valuing the customer uses a default theoretical win value specific to the property when there is no data on the customer's previous trips to one or more of the properties and the source of the customer is not known; and

using the computer to determine a cost of the requested resource in accordance with the customer valuation, the cost being stored in a memory of the computer.

14. The method of claim 1 , wherein valuing the customer uses data based on the customer's previous trips to hotels only.

15. A system for determining a customer valuation for a specific property, comprising:

a user interface receiving a request for a resource for the specific property for a customer; and

a customer valuation system, valuing the customer based at least on gambling activities of the customer at two or more properties, where the customer value is specific to the property; and

a resource manager that receives a customer segment, expected nightly profit, and an indication of whether the customer is incentivized so that the resource manager determines a price for the resource.

16. A computer-implemented method of determining a customer value for a first property, comprising:

receiving a request for a resource for the first property for a customer;

using the computer to perform a valuing operation for the customer based at least on gambling activities, stored in a database, of the customer at two or more other properties, where the customer value is specific to the first property and where the gambling activities at the two or more other properties would result in a different valuation for the customer at a second property that is different from the first property, wherein valuing the customer also includes determining an actual theoretical win for the customer based on data from previous trips of the customer to one or more of the properties; and

using the computer to determine a cost of the requested resource in accordance with the customer valuation, the cost being stored in a memory of the computer.

Assignments (9)
ASSIGNMENT OF ASSIGNOR'S INTEREST Recorded Oct 30, 2017
From: CAESARS ENTERTAINMENT OPERATING COMPANY, INC.
To: CAESARS LICENSE COMPANY, LLC
Reel/Frame 043984/0596 →
RELEASE OF SECURITY INTEREST RECORDED AT REEL/FRAME 035354/0049, PURSUANT TO ARTICLE VIII OF 3RD AMENDED JOINT PLAN OF REORGANIZATION Recorded Oct 13, 2017
From: DELAWARE TRUST COMPANY, AS SUCCESSOR COLLATERAL AGENT
To: CAESARS ENTERTAINMENT OPERATING COMPANY, INC. (FORMERLY KNOWN AS HARRAH'S OPERATING COMPANY, INC.); CAESARS WORLD, INC.; CAESARS LICENSE COMPANY, LLC (FORMERLY KNOWN AS HARRAH'S LICENSE COMPANY, LLC); HHLV MANAGEMENT COMPANY, LLC
Reel/Frame 044207/0001 →
RELEASE OF SECURITY INTEREST RECORDED AT REEL/FRAME 033500/0232, PURSUANT TO ARTICLE VIII OF 3RD AMENDED JOINT PLAN OF REORGANIZATION Recorded Oct 13, 2017
From: CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH, AS SUCCESSOR ADMINISTRATIVE AGENT AND COLLATERAL AGENT
To: CAESARS ENTERTAINMENT OPERATING COMPANY, INC. (FORMERLY KNOWN AS HARRAH'S OPERATING COMPANY, INC.); CAESARS WORLD, INC.; CAESARS LICENSE COMPANY, LLC (FORMERLY KNOWN AS HARRAH'S LICENSE COMPANY, LLC); HHLV MANAGEMENT COMPANY, LLC
Reel/Frame 044290/0738 →
NOTICE OF CHANGE OF COLLATERAL AGENT - ASSIGNMENT OF SECURITY INTEREST IN INTELLECTUAL PROPERTY Recorded Apr 1, 2015
From: U.S. BANK NATIONAL ASSOCIATION, AS COLLATERAL AGENT
To: DELAWARE TRUST COMPANY, AS SUCCESSOR COLLATERAL AGENT
Reel/Frame 035354/0049 →
NOTICE OF CHANGE OF ADMINISTRATIVE AGENT AND COLLATERAL AGENT - ASSIGNMENT OF SECURITY INTEREST IN INTELLECTUAL PROPERTY Recorded Aug 7, 2014
From: BANK OF AMERICA, N.A., AS ADMINISTRATIVE AGENT AND COLLATERAL AGENT
To: CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH AS SUCCESSOR ADMINISTRATIVE AGENT AND COLLATERAL AGENT
Reel/Frame 033500/0232 →
CHANGE OF NAME Recorded Apr 19, 2011
From: HARRAH'S OPERATING COMPANY, INC.
To: CAESARS ENTERTAINMENT OPERATING COMPANY, INC.
Reel/Frame 026153/0202 →
PATENT COLLATERAL AGREEMENT Recorded Dec 24, 2008
From: HARRAH'S OPERATING COMPANY, INC.; CAESARS WORLD, INC.
To: U.S. BANK NATIONAL ASSOCIATION, AS COLLATERAL AGENT
Reel/Frame 022024/0512 →
PATENT COLLATERAL AGREEMENT Recorded Jan 30, 2008
From: HARRAH'S OPERATING COMPANY, INC.; CAESARS WORLD, INC.
To: BANK OF AMERICA, N.A., AS COLLATERAL AGENT
Reel/Frame 020431/0686 →
ASSIGNMENT OF ASSIGNOR'S INTEREST Recorded Feb 14, 2002
From: KOWAL, DAVID; BOUSHY, JOHN M.; WILMOTT, TIMOTHY J.
To: HARRAH'S OPERATING COMPANY, INC.
Reel/Frame 012614/0746 →