--- In vpFREE@yahoogroups.com, "bobbartop" <bobbartop@...> wrote:
> My point in posting this is what if somehow someone was to take another avenue to trying to convince the casinos that it is in everyone's behalf. What about the slot manufacturers? Would the casinos listen to them? Could someone who has clout with the manufacturers like Bally and IGT, etc., convince them to convince the casinos?
Unfortunately, many people are ingorant of how the casino industry works. The casinos are the one's who decide what games, what paybacks (based on par sheets), etc, and the various slot manufacturers are competing for these limited number of slots.
For some reason, the "slot director" knows his market best and knows what his customer will play and it's hard to convince this so call "know-it-all". Many slot directors are biased or superstitious or caught up in old-school "casino holds" as opposed to new-school of daily win-rates.
Additionally, many people are simply clueless in that they don't understand the average lifespan of a slot machine in a casino or the amount of money spent by slot manufacturers to get a slot machine to market. To take a page from Buddhism, having the "right view" is critical.
From my experience talking to various slot directors, casinos don't have high meter progressive vp is that it is COUNTER-PRODUCTIVE. From a casino perspective, why have progressive vp meters where the locals or the core customer base build up a high jackpot only to have pros and "outside scum" come in and p*ss off my customer base? It's just not worth the hassle factor and aggravation. The same casinos DON'T MIND having progressive slots because these paybacks are harder (not impossible) to verify. I know a lot of VP pro's who make a significant amount of income from progressive meters from slots (that includes Keno) than vp.
So my (rhectorical) question to "bobbartop" and others is: Why should casinos have progressive video poker machines if the casino can make more money from progessive slots, other things being equal? Additionally, once you consider the costs of bring in new progressive vp machines, new signage, a new marketing program, etc, try to justify that project on a net present value basis (or IRR or payback for the old-school folks). A project like that is DOA due to pros.
In summary, the number one reason casinos don't have good progressive video poker is due to pro's.
