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I have a question that I cannot find an answer to: When a new casino opens, do you have better luck than normal, about the same or lose your butt! I'm just wondering because I am going to the grand opening of Jimmy Buffets Margaritaville in Bosier LA later this month. Any comments?
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Re: New Casinos
Some people believe that when a new casino opens the management makes all of the gaming machines loose so that they give higher paybacks and make the customers happy. Then, after a few weeks they will slowly tighten up the payback percentages to the normal range.
It's an interesting idea, but I have never heard of this actually being true. When a casino orders a slot machine they do have a choice of the payback percentage chips that can be placed in the machine and they range from a low of about 83% to a high of about 98%.
So, I guess a casino could do that, but I doubt it because they usually never change the payback percentages on their machines. The penny machines will have the lowest paying chips and the $5 machines would have the higher paying chips.
A casino has a business philosophy about what the various denominations of machines should be set to payback and there is usually only a minor change within a particular denomination. So all penny games might be set at 85%-86%, all quarter machines at 90%-91%, etc.
For more info, read this story - Interview with a Slot Manager
It's an old article, but it is still basically true. The only difference is that now some casinos are starting to introduce server-based games, which work differently. Instead of having to physically remove a chip and replace it to change the payback percentage, a casino can now do it remotely through a computer.
So if a new casino has a lot of server-based games on their floor, I guess it would now be a lot easier for them to play around with the percentages when they open? Hmmm. -
Re: New Casinos Silver Sevens
Silver Sevens [Terribles] has initiated a $3 resort fee.Comment
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