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Short Pay Video Poker is not good for Las Vegas

Recently, the Coasts properties in Las Vegas decided to slash pay
tables on most of their full pay video poker games. Previously the
Suncoast, Orleans and Gold Coast had some of the best games in town
and obviously were making the Gaughans very wealthy. This privately
held property has been expanding and growing each and every year.
Many other properties such as the Stations, Palms, Tuscany and
Cannery still offer great games like full pay deuces wild.

I enjoy responsible gambling for fun. In fact later this week, I
will be enjoying the 99.95% PE, 9/6 JOB & 98.98% DDB .25 progressive
in Shreveport and the $5, 100x craps in Bossier City. I'm sure I'll
have a great time win or lose. Playing for me is reasonably priced
entertainment and recreation. I don't play to get rich, that's why I
work!

Next month I will be in Las Vegas and I may even play some FPPE and
the 9/6 JOB consecutive royal machines at the Palms. I'll play less
than 100% return games in Las Vegas. I have nothing against playing
more challenging games like 10/7 DB. I enjoy craps and make the
occasional sports bet too. But I'm a staunch believer in supporting
the casinos that offer the best games in any
particular "jurisdiction". So I can assure you I won't play any
games at the Coasts next month. As a matter of fact, I cancelled two
rooms which I had been comped upfront for five nights at Coast
properties.

I admit I am being selfish. At this time, I plan to retire in Las
Vegas. I want to HELP keep 100%+ ER VP in LV. There are too many
other properties where full pay games are more available and my rooms
will also be comped. When January 2005 rolls around I plan on taking
an inventory of the games available in both Shreveport & Las Vegas.
If the games are just as good in Louisiana, then I can just as easily
retire to East Texas. After all, in twenty-five years of being a
visitor to Las Vegas, I have never attended a single show. Texas
like Las Vegas has no state income tax and the buffet at Boomtown
beats both the Coasts and the Stations. The State Controller is
recommending slots/video poker machines be allowed at the Horse Race
Tracks in Texas (I live 15 minutes from Lone Star).

My point is simply that unless Las Vegas offers much better games
than other jurisdictions, there's not a compelling reason for some
players to visit there and in some cases for players to retire
there. Gaming is becoming more and more available all over the
country. I once asked a retiree from San Diego if he liked living in
Summerlin more than Southern California. He responded that he liked
Vegas but absent the excellent video poker, he would live elsewhere.
I don't think he is the only one that feels that way.

You can join the fight to preserve full pay video poker at:

http://groups.yahoo.com/group/vp-heaven

Well spoken.

I live in Toronto, Canada. Friday night I went to Woodbine Racetrack.
Had an excellent buffet dinner, played fullpay PE poker (now
available in .25/.50/1.00/2.00/5.00), and $.25 DB96 progressive - the
RF was at $1,900 for a positive game before cashback.

All this with good cashback (recently reduced from .50% to .43%), an
additional 1% in food comps, regular in-house drawings, and NO taxes
on jackpots.

I've made perhaps 20 trips to Vegas - gave up 21 long ago and play
only video poker now. Take that away, and all Vegas offers is good
winter weather - but it doesn't have a monopoly on that.

Listen up casino execs - if you want my business, you'd better try
harder.

Brian

···

--- rastisrulz <vpvegas@charter.net> wrote:

My point is simply that unless Las Vegas offers much better games
than other jurisdictions, there's not a compelling reason for some
players to visit there and in some cases for players to retire
there. Gaming is becoming more and more available all over the
country.

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I once asked a retiree from San Diego if he liked living in

Summerlin more than Southern California. He responded that he

liked

Vegas but absent the excellent video poker, he would live

elsewhere.

I don't think he is the only one that feels that way.

Well put. The thing that Vegas "local's" casinos fail to realize is
that both segments of their market, i.e. locals AND visitors--have
other options, both with respect to where to spend their gaming
dollars and to whether to spend those dollars on gaming at all
(perhaps instead, blowing them on food, clothing, and shelter). See
my post on Station's idiotic bounceback promo exclusions.

If you are extracting $12 an hour from someone who plays 10/7 DB
(badly), then don't you risk losing him altogether if you change his
machines to 9/7? As if he won't be able to figure out that every
time he gets a full house, he is losing $1.25? And since this
happens every ten or fifteen minutes, it's costing him $5-7 extra an
hour to play? Or will he just up and leave? Yes, you've chased away
the evil advantage player who threatens the casino coffers with his
theoretical $1.50/hour profit. Ultimately, was it worth it?

BTW, when Stations went on its casino-devouring rampage some time
back (and got indigestion in Missouri), I made a handsome profit
shorting their stock. Perhaps a similar move on Coast Resorts is in
order...? (Possibly the only gamble at Coast worth taking any more..)

Thank you for your insights in these two posts. -- I am recently retired, like video poker, and am trying to figure out where to buy my vacation/winter home.

David K

···

----- Original Message -----
  From: Brian Lavoie
  To: vpFREE@yahoogroups.com
  Sent: Sunday, April 06, 2003 3:52 PM
  Subject: Re: [vpFREE] Short Pay Video Poker is not good for Las Vegas

  Well spoken.

  I live in Toronto, Canada. Friday night I went to Woodbine Racetrack.
  Had an excellent buffet dinner, played fullpay PE poker (now
  available in .25/.50/1.00/2.00/5.00), and $.25 DB96 progressive - the
  RF was at $1,900 for a positive game before cashback.

  All this with good cashback (recently reduced from .50% to .43%), an
  additional 1% in food comps, regular in-house drawings, and NO taxes
  on jackpots.

  I've made perhaps 20 trips to Vegas - gave up 21 long ago and play
  only video poker now. Take that away, and all Vegas offers is good
  winter weather - but it doesn't have a monopoly on that.

  Listen up casino execs - if you want my business, you'd better try
  harder.

  Brian

  --- rastisrulz <vpvegas@charter.net> wrote:

  > My point is simply that unless Las Vegas offers much better games
  > than other jurisdictions, there's not a compelling reason for some
  > players to visit there and in some cases for players to retire
  > there. Gaming is becoming more and more available all over the
  > country.

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  http://tax.yahoo.com

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