--- In vpFREE@yahoogroups.
>
> George Lee wrote: This is a golden opportunity for Coast Casinos to
> sweeten their offerings to lure all the players who
> are disgruntled with Stations and Fiesta. I guess the cost of going
> private made the Brothers F greedy.
>
>
> Greedy? I think Station is being generous. They have effectively
created
> a cashback slot club from a comp only slot club. This is GREAT news
as
> many players find their stash of Station points to be slightly
better
> than useless. Many Optimum Play machine players had more points than
> they knew what to do with. In my opinion, getting cash at half the
> previous rate is better than having the full amount be essentially
> useless.
>
> For those players who understand the opportunities of playing larger
> denomination machines, this is a HUGE dividend. Overall, this
combined
> change will create a LOT more play at Station because it's a much
more
> generous slot club than it was before. The increased play by
> higher-denomination advantage players will more than make up for the
> diminished play of lower-denomination advantage players.
>
> It would surprise me greatly if Coast saw this as a "golden
opportunity
> to sweeten their offerings". More likely they see it as an
opportunity
> to reduce cashback on the 100% machines without a loss in business.
It
> wouldn't surprise me if Coast moved from $2 a point to $3 a point on
> these machines. Businesswise they would be rather remiss if they
didn't.
>
> People here keep harping on the 0.04% comp rate. Presumably
everybody
> here can organize their time well enough to only play on the
frequent 5x
> point days. And instead of comps, they can now get cash. This is
> WONDERFUL. The Fertitta brothers should be thanked profusely.
>
> Bob Dancer
>
> For a 3-day free trial of Video Poker for Winners, the best video
poker
> computer trainer ever invented, go to //www.videopokerfor
>
Bob,
Perhaps you could apply a bit of the "play" analysis you're famous
for to this Station Casinos "business" decision. After all, there
are only 7 Station Casinos, they only have so many Optimum machines,
the denominations are known, etc.
If my math is right, and if the database is correct for the number of
Optimums and denominations at each location, then there are 70
Optimums with $1 games, 8 Optimums with .50 games and 46 Optimums
with .25 games between the 7 casinos. Only 124 machines total.
If these machines were played 24 hours a day, 365 days a year, at 800
hands an hour, they would generate $3 billion coin-in. At the
current (soon to be old) rate of $2/point this results in 1.5 billion
points. At 600 points per comp $, this results in $2.5 million comp
dollars. Going to $4/point would save Station Casinos $1.25 million
per year, if the machines were played at max coin every minute of
every day.
$1.25M is a lot of money to me, and maybe also to you, but just how
important is it to Station Casinos? I guess enough so that they're
willing to risk the negative good will the point reduction may
generate.
I doubt if it is enough to offset the points turned into cash that
you indicate will now happen.
Bill
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