Quote:
Originally Posted by flekk17
There are several theories as to why the casino botched this one.
1. This was done purposely to drive business/drop. L'Auberge in Lake Charles
is dominating the baccarat in this market. Now it is even more pronounced as Texas gamblers must drive another 50+ miles past L'Auberge and the Isle of Capri to get to Coushatta. On my trips to get cash back I have witnessed $5 minimum baccarat tables. L'Auberge regularly runs 6 or 7 FIFTY dollar minimum games on swing shift.
2. The layouts have the "Shufflemaster" logo on them with a manufactured by "EGC(?)". Could Coushatta have requested this layout without consulting Shufflemaster on the math? I know for a fact that Shufflemaster advised management not to revert to their original pay schedule. So at some point they wised up and brought in experts.
3. Or they knew the math and did not think it could/would be exploited?
Mike, this is you I'm assuming...nice job. I heard about this and ran the numbers, I couldn't believe what Coushatta was doing. If I had the bankroll and time I would have gotten in on it too. After they went back to the original paytable I asked someone in upper management about it, it was a combination of #1 and #3. L'Auberge has such a stranglehold on the Asian games market they were willing to try anything. They thought they could gain ground in market share, increasing drop in MB and picking up some in the rest of the casino. Plus they really didn't think anyone would figure it out.
In the end they were taking a beating (hold % plus figuring in comps, coupons, other reinvestment) and they still hadn't really captured any more market share.