I just watched the Bar Rescue esipode about the Sand Dollar in Las Vegas (Comcast on Demand). I noticed some interesting things:
When Anthony Curtis was talking about how much a machine can generate, he stated you should see $3000 coin in per day per machine. If people are playing quarters leisurely ( 500 hands per hour) that would be a little under 5 hours of play per machine per day. He figured a 4-5% house edge and that would be $120-$150 per day or $44K to $55K per machine . With 14 machines, that is $613K to $766K a year. And yet with that profit potential, they seemed more concerned about the drinks and band. Both of those are important but I would have spent a little more time on the gaming aspect. Making sure the games are clean, in good working order, hand pays occur quickly, etc.
When AC was talking players hitting a royal, he mentioned a player tip of $100. Normally, I'd think that is crazy but this bar was trying to cater to the industry crowd. People in the service industry tip way more than most, so that number might be accurate. It's 10 times more than I would tip, but I was never a big Sand Dollar player.
At the end of the show, the narrator said the pay tables went from worst in Las Vegas to best in Las Vegas. I saw them go from 6/5 BP to 7/5 BP. I'd have to watch it again to make sure but that is hardly the best paytables in Las Vegas.
Interesting show. I might stop in on my September Las Vegas trip just to see what the place looks like now.
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