Mr. Maloof must really need money to pay for the new building. Personally I
think he is nuts. For most people playing a 99+ percent game is not really
a winning proposition by the time you add in mistakes you make, lack of
bankroll, and general greed.
Personally though the Palms is the closest casino to us, I've stopped most
play there, since the mailings have gotten so low (even with some reel slot
play and mostly DDB and NSU VP - not FP). I figure I'm doing better if I am
going to play at the 98-99.8% level to play at places like Ballys/Paris where I
am getting $500 cash/$1000 shopping sprees plus cashback and full RFB
weekends or LVHilton with good events, or Venetian with Grazzi gifts & extra
cashback for Gold level plus comps & slot tournaments (and I just won an Alaskan
cruise from them!) or Orleans/GC (especially 2X days), etc.
At Palms if I play $50,000 through on one day, or even on 2 days, when I go
to pick up my cashback over 5-7 different times, that reduces my daily
average down to nothing. So my cashback has gone from $50 something like 9 times a
month down to $20, 5 times a month. Plus reduced food coupons etc. So as
a result, the Palms has become not a very good place even for someone who
might play a heavy session.
When we first moved here all those mailings made all the locals go over and
over again during a month. But they have reduced the mailings so much that
many locals are no longer going who once did (I'm talking about all locals, not
just VP Free members, or even VP players).
Reducing pay schedules will only push more people away from the Palms.
Mr. Maloof probably should increase the cost of drinks in the bars, because
the Palms night club scene seems to be where its growth potential lies - not
in attracting local slot/VP players.
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