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Are slots getting tighter? YES

 
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CaSwede



Joined: 28 Feb 2006
Posts: 866

PostPosted: Aug Sat 22, 2015 9:03 am    Post subject: Are slots getting tighter? YES Reply with quote

It sure seems like my money goes quicker in a casino over past years. Here is an interesting article that proves my suspicion.

http://vegasinc.com/business/gaming/2015/aug/20/slot-revenue-drops-machines-get-tighter-industry/?utm_source=mostpopular&utm_medium=banner&utm_campaign=mostRead&_ga=1.27089085.181002990.1421958548
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BC Dave
Site Admin


Joined: 18 Dec 2005
Posts: 1467

PostPosted: Aug Sat 22, 2015 12:06 pm    Post subject: The good old 97.4% Reply with quote

I remember seeing, on my first few trip to Reno, lots of casinos advertising 97.4% return on their dollar machines. Those signs seem to have dwindled away. Has anyone seen one of them recently? I know that Video Poker with full pay-tables have even higher returns (if every hand is played correctly).
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spdmrcht



Joined: 12 Oct 2012
Posts: 487

PostPosted: Aug Sat 22, 2015 4:22 pm    Post subject: For Sure. Reply with quote

Every one I know is complaining and have or are changing their play to
Food and entertainment! They are looking or other ways to get more
for there $$! It's so bad I''m even thinking of taking up Beer Pong?
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CaSwede



Joined: 28 Feb 2006
Posts: 866

PostPosted: Aug Fri 28, 2015 1:35 pm    Post subject: Re: The good old 97.4% Reply with quote

BC Dave wrote:
I remember seeing, on my first few trip to Reno, lots of casinos advertising 97.4% return on their dollar machines. Those signs seem to have dwindled away. Has anyone seen one of them recently?


I stopped in this morning to the Black Oak Casino near Sonora. They had signs over two banks of slots that said: "98% return slots!" Surprisingly I saw a lot of people less than 3 feet away ignoring those signs and playing some silly low return games. They had one bank of quarters and another of dollars. These were to old reel games with the red,white and blue sevens....if you remember those games.

I also believe that they are advertising this fact with road way signs and one their website. I tried the dollar slots with one twenty....I got one cherry. Sad So much for 98% return to me.

I hope they expand this promotion to the video poker.
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CaSwede



Joined: 28 Feb 2006
Posts: 866

PostPosted: Sep Fri 04, 2015 10:40 am    Post subject: Reno loosest Reply with quote

Well, Atlantis is stepping up to the challenge. Loosest slots in Reno. I have no argument against their claim.
https://www.atlantiscasino.com/entertainment/special-event/2015/09/02/calendar/loosest-slots?utm_source=ATLANTIS&utm_medium=EMAIL_INTERNAL&utm_campaign=SEPTEMBER_EVENTS
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melbedewy



Joined: 22 May 2010
Posts: 12

PostPosted: Sep Sat 26, 2015 2:39 pm    Post subject: Re: The good old 97.4% Reply with quote

BC Dave wrote:
I remember seeing, on my first few trip to Reno, lots of casinos advertising 97.4% return on their dollar machines. Those signs seem to have dwindled away. Has anyone seen one of them recently? I know that Video Poker with full pay-tables have even higher returns (if every hand is played correctly).

The Blazing Sevens at Silver Legacy marked 97 point something percent.
Within 10 minutes of playing I hit it for over $1500 on a lazy Sunday morning last October. That night I hit a quarter Blazing Seven for around $450 at Harrah's.
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SeahawkSiren



Joined: 14 Sep 2015
Posts: 106

PostPosted: Sep Sat 26, 2015 3:59 pm    Post subject: Reply with quote

I suppose slots are getting tighter everywhere but I sure find that my money goes further in Reno slot machines than it does here at our local tribal casinos (which I am frequenting less and less because of that, and other reasons).

I never expect to win anything big when I am in Reno but I do enjoy the fact that I at least always hit some smaller pots, decent hits on some bonus rounds, etc. I am just happy to get some money back to keep me playing for awhile. I don't even get that anymore at the local tribal casinos.

Last year I broke even at Silver Legacy after playing for many, many hours over three days and would have come home with money had I not stayed up way too late on the last night putting my profits back in (knew I should have gone to bed earlier)! I hit several pots between $50.00 and $250.00 over three days which kept me going for a long time during those days. I realize that doesn't frequently happen and I usually do contribute plenty to the local Reno economy but my experience has been that I will do better in Reno than tribal casinos or even Las Vegas for that matter. Vegas has really tightened up over the last several years!
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remano



Joined: 20 Dec 2005
Posts: 717

PostPosted: Oct Sat 10, 2015 10:27 am    Post subject: Reply with quote

Mark Pilarski writes a gambling article called “Deal Me In,” that is published in the RGJ’s weekly entertainment magazine and several other places. Usually he just rehashes the same old conventional wisdom that he has written about 100 times before, and we have all heard from dozens of different other sources. Once in a while, however, he comes up with something interesting.

This week’s column was right on point for this thread. He writes that casinos around the nation have been steadily tightening their machines over the last several years. As a result, he points out, gamblers are getting less play for their money. 10 years ago a $100 bankroll would allow an average of about 3.2 hours at $0.75 per spin. With higher holds across the board, now you will last approximately 2.6 hours, a 22% decrease. In addition, modern machines generally accept much larger bets than $0.75 so the money goes even faster.

He points out that Nevada still offers the best bang for the buck at an average hold of about 6.4%, while Iowa is the worst at about 9.4%. He gives the following changes in other states over the past 10 years (although he doesn’t say where the figures come from):

Louisiana 9.26%, was 8.65%
Mississippi 7.49%, was 6.54%
Missouri 9.33%, was 7.44%
Nevada 6.4%, was 5.72%
Iowa 9.4%, was 7.05%
New Jersey 8.96%, was 8.19%.

He further notes that even with the higher holds, casino net revenues are falling. Some of this could be from the sour economy. Other reasons he sees are that slots are not as much fun to play when the money goes faster, and therefore gamblers are playing less at the machines, and the younger millennial generation players who grew up playing multifaceted video games are not attracted to the one dimensional slot machines (push button.. get result..push button..get result..push button etc.). I agree with him on these points. In fact, there have been recent reports of slot machine manufacturers responding to this last point by developing video game gambling machines, and lobbying for changes in gambling regulations to allow their use in casinos.

For the complete article click here:

http://pilarski.casinocitytimes.com/article/deal-me-in-gamblers-are-shunning-tightfisted-slots-64867

For an article about the video game development of click here:

http://www.rgj.com/story/money/business/2014/10/07/young-gamblers-want-skill-slot-machines/16868187/

http://www.breitbart.com/big-hollywood/2015/07/06/las-vegas-casinos-chase-higher-revenue-with-skill-based-gambling-video-games/

And a video:

http://www.cbsnews.com/videos/vegas-casinos-place-bets-on-video-game-gambling/
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SeahawkSiren



Joined: 14 Sep 2015
Posts: 106

PostPosted: Oct Sat 10, 2015 7:58 pm    Post subject: Reply with quote

Remano - nice post and thanks for the links. What Mr. Pilarski writes is so true. Part of the issue is because of the poor economy over the last several years and the slot machines surely are not as fun to play when the machines are too tight and the money goes too fast. Where is the entertainment or gambling value when you get next to nothing in return? Regardless of whether you put in $20.00, $50.00 or $100.00 into a machine, it is not going to be an enjoyable experience if you are not getting a decent return. Everyone has a limit as to how much they will put into a machine before moving on if they are not getting any gambling value.

One mistake I believe that some casinos make is assuming that the majority of people will keep coming back at their same frequency regardless of how tightened up the slot machines become (which contributes to why even with higher holds that net revenues are falling). That is not true for many people. And most of us don't have an unlimited stream of money for gambling. I hardly go to my local tribal casino anymore for these very same reasons. I used to go a couple times a month and the machines paid decent, at least enough to keep me going for awhile, I got nice comps, etc. Now I can count on one hand how many times I've been there this year because they've tightened up way too much. It's not a fun experience at any casino when you burn through your money too quickly. Most of us look at gambling as a source of entertainment, but with a limited amount of our hard earned dollars to do so. And as part of that entertainment we want and expect something in return. We all may have different meanings of "return" but as far as return goes for me, I get more of it and treated so much better in Reno at the Silver Legacy where I only go once a year than I do at my local casino where I have the option to go more often than that. That speaks volumes to me and I will continue to go and spend my money in Reno which is 500+ miles away from where I live, but where I know I will get more value and return for my money. And I will also continue to frequent my local casino even less than before.
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spdmrcht



Joined: 12 Oct 2012
Posts: 487

PostPosted: Oct Sat 10, 2015 9:56 pm    Post subject: Reply with quote

yep, your right on. Gamblers have so many choices of which casinos to visit.
The Casinos will eventually see the light. They ether give the player a
decent return on our Play or they can close their Doors. I can see that
the down town casinos are hurting. There improvements have stopped.
I think the Eldo had to buy the SL and CC or lose them to an outside
developer! But who am I to speculate, I just a dumb Gambler!!
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CaSwede



Joined: 28 Feb 2006
Posts: 866

PostPosted: Oct Mon 12, 2015 8:07 am    Post subject: good information on bad news Reply with quote

Thanks Remano on some great information. It just proves that Nevada still is the place to go to get more bang for your buck. I wonder is some slot marketing guy will have a great idea to give better odds to the gambler and advertise the heck out of it. I think people will show up..... that will teach the greedy casinos Twisted Evil
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