I'm just curious if there are any anecdotal reports of revised effective comp rates at mLife properties with the changes that went into effect Oct 1.
From the text of the change announcement, it can be inferred that they're shifting from a fixed rate of .1% + tier bonus (e.g. .13% for Platinum) to one based on game theo.
It was noted that this comp formula was already employed at Borgata, MGM Nat'l Harbor, and MGM Springfield. And, in fact, I can attest to seeing a rate of only approx .04% at Nat'l Harbor in the past.
Seems like the time is ripe to drain existing comps and rely on discretionary comps going forward.
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Posted by: harry.porter@verizon.net
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