vpFREE2 Forums

COLA?

#1

Has anyone factored COLA's (i.e., cost of living adjustments) into the structure of VP pay tables? I admit that I am looking at this in a very, very naive way.

We pay more for just about everything over the course of time, whether it be in restaurants, in supermarkets, for the other things we buy or whatever. Should not gambling cost us more, as well?

For example, a casino (on the average) makes 0.5% of coin-in on FP JOB (certainly more than this for inaccurate play), and they have made this since the inception of FP JOB, without an increase. But, their expenses have gone up, have they not (i.e., salaries, janitorial service, maintenance of machines, electricity, etc.)?

I am not trying to make excuses for them, but can this at least be part of the reason there is deterioration of pay tables over the course of time, over which the casinos have no real control?

Instead of $1 JOB, should the casinos have us playing $1.15 JOB (or some such) to account for COLA?

Or, am I standing out here in left field, all by myself? <smile>

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#2

bl wrote: "Instead of $1 JOB, should the casinos have us playing $1.15 JOB (or some such) to account for COLA?"

Casinos have been cutting back, from Joker poker to FPDW to 10/7 double bonus to 10/6 double double bonus to NSU to 9/6 jacks to 8/5 bonus poker to 15/9 NSU to 9/6 double double bonus to 9/5 jacks and so on.

The problem is the more they cutback the more they lose customers. Most video poker players today are nickel players and most slots are penny slots, though the newer ones tend to have minimum bets higher than a penny.

Progressives could be a solution but the casinos have to get over their current practice of punishing winners. With progressives, just like the lottery, somebody wins, that's what draws in the customers to wager real money. The problem is current casino management thinking is that nobody wins, so progressives, other than IGT progressives, are out.

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#3

Casinos are also increasing the comp and free play thresholds.

Regards
A.P.

···

From: mailto:vpF…@…com
Sent: Monday, April 20, 2015 4:12 PM
To: vpFREE@yahoogroups.com
Subject: [vpFREE] Re: COLA?

bl wrote: "Instead of $1 JOB, should the casinos have us playing $1.15 JOB (or some such) to account for COLA?"

Casinos have been cutting back, from Joker poker to FPDW to 10/7 double bonus to 10/6 double double bonus to NSU to 9/6 jacks to 8/5 bonus poker to 15/9 NSU to 9/6 double double bonus to 9/5 jacks and so on.

The problem is the more they cutback the more they lose customers. Most video poker players today are nickel players and most slots are penny slots, though the newer ones tend to have minimum bets higher than a penny.

Progressives could be a solution but the casinos have to get over their current practice of punishing winners. With progressives, just like the lottery, somebody wins, that's what draws in the customers to wager real money. The problem is current casino management thinking is that nobody wins, so progressives, other than IGT progressives, are out.

[Non-text portions of this message have been removed]

[Non-text portions of this message have been removed]

#4

Interesting idea. Explains a .25 player getting a steak dinner comp 20 years ago and a hot dog today. I was leaving Czr around 6:30AM Sunday. The biggest cluster of players were at the Double Jokers Wild. The RF progressive was up to $2614.

Rich

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#5

Not knowing their books. I assume they may have salary savings among casino employees since technology TITO, less tables, more machines have eliminated many jobs. Their executives salaries are another question? In addition they have increased the comps for whales eg. comps for huge entourages with no limits. They have been selective in their cutbacks! They also don't pay a skim. So IMHO I question the COLA assumption.

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To: vpFREE@yahoogroups.com
From: vpFREE@yahoogroups.com
Date: Mon, 20 Apr 2015 19:39:19 -0400
Subject: Re: [vpFREE] Re: COLA?

      Casinos are also increasing the comp and free play thresholds.

Regards

A.P.

From: mailto:vpF…@…com

Sent: Monday, April 20, 2015 4:12 PM

To: vpFREE@yahoogroups.com

Subject: [vpFREE] Re: COLA?

bl wrote: "Instead of $1 JOB, should the casinos have us playing $1.15 JOB (or some such) to account for COLA?"

Casinos have been cutting back, from Joker poker to FPDW to 10/7 double bonus to 10/6 double double bonus to NSU to 9/6 jacks to 8/5 bonus poker to 15/9 NSU to 9/6 double double bonus to 9/5 jacks and so on.

The problem is the more they cutback the more they lose customers. Most video poker players today are nickel players and most slots are penny slots, though the newer ones tend to have minimum bets higher than a penny.

Progressives could be a solution but the casinos have to get over their current practice of punishing winners. With progressives, just like the lottery, somebody wins, that's what draws in the customers to wager real money. The problem is current casino management thinking is that nobody wins, so progressives, other than IGT progressives, are out.

[Non-text portions of this message have been removed]

[Non-text portions of this message have been removed]

[Non-text portions of this message have been removed]