This is absolutely untrue. The compact with the state of CT calls for a 25% tax on slot revenue.
The point is that Vegas has changed. Along with marketing to the 20 something crowd (with the bars and clubs) there is no longer any competition on the strip When there was competition we all benefited.
MS in CT has no competition (right now that is very likely to change in a few years) except Foxwoods. A few years ago there was no competition between the comps in Vegas and CT. Now, the CT comps exceed Vegas and there is no airfare or car rentals. It still not Vegas though but I will be reducing my trips and trying a couple of new places in Vegas.
Joel
----- Original Message ----
From: caplatinum <belairgold@aol.
To: vpFREE@yahoogroups.
Sent: Monday, January 28, 2008 7:13:24 PM
Subject: [vpFREE] Re: STAY AWAY FROM NEW YORK, NEW YORK
Indian casinos can comp more they don't pay taxes
--- In vpFREE@yahoogroups. com, Joel Fink <joel0457@.. .> wrote:
>
> You're using the EV to determine the theo. The theo is typically
much higher. At MS in CT the theo is 5%. on 9/6 JOB. Room comps and
shows don't count against your comp balance. So, in additon to a
suite and shows, I would have earned approx 3K in points. This
compares to the $400 NYNY wouldn't comp.
>
>
> ----- Original Message ----
> From: npf152512 <npf152512@. ..>
> To: vpFREE@yahoogroups. com
> Sent: Thursday, January 3, 2008 4:43:34 PM
> Subject: [vpFREE] Re: STAY AWAY FROM NEW YORK, NEW YORK
>
> --- In vpFREE@yahoogroups. com, Joel Fink <joel0457@ .> wrote:
> >
> > I just got back from a 6 night trip to Vegas with the last three
> (12/28-12/31) at NYNY. My host comped me into a suite with another
> room plus RFB.
> > When I went to check out, not only were all food charges on the
> bill but I was charged $200 for one nt for the second room. They
did
> renove the charge for the second room at checkout. My total food
> charges for the 3 nts were only $400.
> > I spoke to my host Steven Bernstein who told me I was over
comped.
> I put through over 250K+ during the three days I was there.
>
> A host (not yours) explained what apparently is MGM-Mirage policy
as
> follows:
>
> Your comps are evaluated based on theoretical if you did not show a
> loss. You didn't mention what machines you played. But if you put
> $250K through a 9/6 Jacks machine with a return of 99.55%, your
> expected long-term loss would only be $1125 if my math is correct,
> which isn't always the case. The casino sees that number.
>
> From that number, you don't receive 100% in comps. There is a range
> of up to 20%, which makes your total comps equal to $225. I know
that
> sounds ridiculous based on your substantial coin-in, but that's the
> way they look at it. Furthermore, it can get worse - based on your
> being "overcomped" you may not hear from NYNY at all in the future
> until you show a sizeable loss.
>
> That's the policy as I understand it. So, you can argue with hosts
> for exceptions, or do as I and many others have done and simply
move
> on.
>
>
>
>
>
>
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