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JR from 'Dallas' coming as part of oil well giveaway
But if he's really in character, he'll try to take the oil well away from the winner...
Larry Hagman, who played conniving JR Ewing on the TV show
On Nov. 22, the casino will give away an oil well that produces two to five barrels per day.
"Everybody is giving away gas cards these days. But anybody can do that. We figured we’d one-up them and make a tycoon out of someone," Coconut Creek GM Steve Bonner said.
The winner of the oil well will receive a recurring revenue stream for life, he said.
"With the cost of oil at $100 a barrel, you can figure out yourself. The winner will receive thousands every month," he said. (My math: $200/day *365= $73,000 per year.)
Hagman's show ended 17 years ago (Dallas aired from 1978-91), but the casino has reached farther before, bringing in Leave it to Beaver stars. That show's first run ended 45 years ago.
Meanwhile, the casino has established a corporation with this name Take Stock in Black Gold Inc. Players Club members are all eligible to be stockholders and earn shares with every 1,000 points they earn while playing slots. The market value will be posted daily. They’ll turn their shares in each day for that market value/ free play.
Whatever happened to just a good old free-play coupon?
NICK SORTAL began playing 3-card "gut" and "Indian poker" on high school band trips, early training for his...
Comments
What's wrong with the chance to continue to make money, no matter how? And why should some faceless oilman profit when Joe Sixpack should instead? Here's to the Seminoles. Thanks.
Posted by: Jeff | October 8, 2008 9:49 AM
$200 a day? What about Federal, State and Local taxes? Is any money owed to the person who's land the well is on? Could be the owner may have some out of pocket expenses beyond the $200.
Posted by: barry | October 8, 2008 10:37 AM
This from the casino:
The oil well has the potential to pump out 2 to 5 barrels a day. This is crude oil so I don’t know what the going rate is for crude. The owner of the well takes home 70% of the profit, the other 30% goes to management and land owner.
The only out of pocket expenses will be the prize taxes on winning a $100,000 prize.
Or the winner can take the cash option for $70,000 and be only taxed on that.
Posted by: Nick Sortal | October 9, 2008 11:49 AM
I don't know how seminole casino give away an oil well. When they don't even own an oil well.they never
paid for the oil well.
Jmack energy was the owner
but and still own it
Posted by: JMack Energy | September 29, 2009 11:02 PM