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Updated Rake and Drop for LV Casinos Updated Rake and Drop for LV Casinos

08-03-2021 , 09:51 PM
Quote:
Originally Posted by Steve00007
It doesn’t all go back to the players. Some of it does, but even when you get some of it back, some of it goes to the dealer as a tip, and some of it goes to taxes.
What the player does with the money is irrelevant. The point is the casino isn't keeping it.
Updated Rake and Drop for LV Casinos Quote
08-04-2021 , 03:33 AM
Quote:
Originally Posted by Kobold Esq
What the player does with the money is irrelevant. The point is the casino isn't keeping it.
It’s not irrelevant. My point is it can be minus EV for the player when those things happen.
Updated Rake and Drop for LV Casinos Quote
08-16-2021 , 08:50 PM
It was known a few weeks back about the dealer shortage and that all Caesars properties will close for WSOP and send their dealer to work WSOP.

But as she mentions in the video and confirmed on Bravo, Flamingo is giving away most if not all their promo fund in 10K Main event seats and $500 Reunion seats. And she is speculating that maybe Flamingo won't come back after WSOP because the new owners are not really big on poker. She has been around the Vegas dealer industry for a long time.

Updated Rake and Drop for LV Casinos Quote
08-16-2021 , 08:59 PM
I feel like we're trending towards poker only being offered at more upscale casinos - so Aria/Bellagio/Wynn/Venetian/Caesars/Resorts World/Nugget with Orleans being the outlier
Updated Rake and Drop for LV Casinos Quote
08-17-2021 , 01:41 PM
Quote:
Originally Posted by parisron
It was known a few weeks back about the dealer shortage and that all Caesars properties will close for WSOP and send their dealer to work WSOP.

But as she mentions in the video and confirmed on Bravo, Flamingo is giving away most if not all their promo fund in 10K Main event seats and $500 Reunion seats. And she is speculating that maybe Flamingo won't come back after WSOP because the new owners are not really big on poker. She has been around the Vegas dealer industry for a long time.

It seems like El Dorado is basically phasing out table games at a number of their properties in favor of more slot machines. Flamingo, Paris, Harrahs and Cromwell have all seen a significant amount of tables removed from gaming floors in recent weeks.
Updated Rake and Drop for LV Casinos Quote
08-17-2021 , 01:57 PM
I'd be curious to see a comparison for profit-per-square-foot between your generic slot machine and a $25 or $50 min bet table game

Why not just get rid of all table games and make every casino just a slot parlor? Fewer employees, max profit!
Updated Rake and Drop for LV Casinos Quote
08-17-2021 , 04:49 PM
Quote:
Originally Posted by Burdzthewurd
I'd be curious to see a comparison for profit-per-square-foot between your generic slot machine and a $25 or $50 min bet table game

Why not just get rid of all table games and make every casino just a slot parlor? Fewer employees, max profit!
Table games are slowly dying off which is sad. Half of it is just demographics and the other half is that the casinos have made the odds so much worse with dumb stuff like 6:5, triple zeros and so on.

I don't have the exact numbers, but I want to say Bellagio has probably removed nearly a third of all their table games over the last 15 years. They use to have tables run all the way down to Yellowtail. (They removed that section a long time ago though)
Updated Rake and Drop for LV Casinos Quote
08-17-2021 , 11:43 PM
Quote:
Originally Posted by Burdzthewurd
I'd be curious to see a comparison for profit-per-square-foot between your generic slot machine and a $25 or $50 min bet table game

Why not just get rid of all table games and make every casino just a slot parlor? Fewer employees, max profit!
Just because an average slot machine bank makes more than an average table game doesn’t mean that a marginal additional slot machine bank would make more than an additional marginal table game.

How often do you actually see the slot machines at any given casino full? It’s much more common to see tables games or poker rooms full in my experience. I.e. there’s almost never a “waiting list” for slot machines.

So by extension, how many people are there that would -like- to play slot machines at a given casino, but don’t plau because they games they want to play are full (and thus they might actually play if they casino removed some table games and added more slots)?
Updated Rake and Drop for LV Casinos Quote
08-17-2021 , 11:45 PM
Supposedly the casinos generally get half their take from whales and half from slots, according to something I saw a few years ago. Maybe that idea is what's driving them to pull tables. They'll always keep the high limit rooms for the whales, but they think installing more slots will increase their take. That might be true if a large percentage of the slots are occupied, but I've hardly ever seen that. At least not in the new ones. Places like Stardust were a lot smaller inside and didn't have the slot space, in favor of craps and blackjack tables. Modern casinos are seas of slots.
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08-17-2021 , 11:51 PM
Latest Nevada / Vegas numbers:

https://gaming.nv.gov/modules/showdo...cumentid=17941

Just penny slots alone in Clark County almost pulled in as much as all table games combined.
Updated Rake and Drop for LV Casinos Quote
08-18-2021 , 10:25 AM
Quote:
Originally Posted by Burdzthewurd
I'd be curious to see a comparison for profit-per-square-foot between your generic slot machine and a $25 or $50 min bet table game

Why not just get rid of all table games and make every casino just a slot parlor? Fewer employees, max profit!
Actually, slot-only casinos make much more per square foot than "regular" casinos. Casinos LUVVVV slots. The only reason you don't see slots in the bathrooms is that no one's thought of it yet.

The fact that slots on the floor maximize revenue from a given square footage led casino suits to believe that table games weren't making enough for the casino. That's why they made the limits higher and the games shittier. And the next step is to wean the public from table games altogether.

You could even eliminate restaurants. Just feed the slot players from a rolling cart. That's actually been tried. Tear down the sports book--just have a guy with a credit card machine circulate among the slots calling out "Sports bets? Sports bets?" Entertainment venues? Pah! Just install video screens on the machines so players have something to watch while they wait for the wheels to stop spinning.
Updated Rake and Drop for LV Casinos Quote
08-20-2021 , 02:18 PM
Quote:
Originally Posted by madrobin
Actually, slot-only casinos make much more per square foot than "regular" casinos. Casinos LUVVVV slots. The only reason you don't see slots in the bathrooms is that no one's thought of it yet.

The fact that slots on the floor maximize revenue from a given square footage led casino suits to believe that table games weren't making enough for the casino. That's why they made the limits higher and the games shittier. And the next step is to wean the public from table games altogether.

You could even eliminate restaurants. Just feed the slot players from a rolling cart. That's actually been tried. Tear down the sports book--just have a guy with a credit card machine circulate among the slots calling out "Sports bets? Sports bets?" Entertainment venues? Pah! Just install video screens on the machines so players have something to watch while they wait for the wheels to stop spinning.
What guy? Just set up the machines where you make your sports bets on a screen and it prints out your ticket. Why pay a human money every hour to walk, shout, and do work? Machines work for free after the intital investment.

The concern about putting a video screen in a slot machine to offer entertainment while you play is that it will distract the person from hitting the spin button. If the entertainment is good, they might forget to hit SPIN or even if it slows them down, that's lost revenue. If they are wating for the wheels to stop spinning, they are that more antsy to hit the SPIN again ASAP.
Updated Rake and Drop for LV Casinos Quote
08-20-2021 , 10:10 PM
Make the video screens only play if you have the machine on autospin.
Updated Rake and Drop for LV Casinos Quote
08-20-2021 , 11:36 PM
all these ideas make me never want to go to Vegas again
Updated Rake and Drop for LV Casinos Quote
08-22-2021 , 07:36 AM
Quote:
Originally Posted by mrducks
Opening tomorrow (Thursday) at 3pm!

Their Bravo does say that cash games have the option to run with or without promo. I would be curious to see if players vote for or against a promo and the accompanying $2 jackpot drop.

I'm also curious if this gets decided when the table opens and stays locked in or if players can vote as players come and go and they go with the majority? We'll see I guess.

Please anyone who plays there, request no promo. It would be nice to have a small no promo room to see how it survives and if it does well maybe other rooms will begin to drop promos?
no promo means the people staying at mandalay wont even play there. the bay is so far away from the rest of the strip it might as well be off strip.
Updated Rake and Drop for LV Casinos Quote
08-29-2021 , 02:51 PM
Quote:
Originally Posted by Burdzthewurd
I feel like we're trending towards poker only being offered at more upscale casinos - so Aria/Bellagio/Wynn/Venetian/Caesars/Resorts World/Nugget with Orleans being the outlier
I have said it before - this would be a good thing. Games would continue to be fed, easier to table select, less walking for the tourists...

Herd the remaining players to 4 properties and the casinos make more, good players make more...

Vegas will continue to suffer - poker wise - as more states allow for gaming...
Updated Rake and Drop for LV Casinos Quote

      
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