vpFREE2 Forums

Silver Legacy & Eldorado

#1

In a message dated 5/18/2006 3:31:49 PM Pacific Standard Time,
vpFREE_Reno@yahoogroups.com writes:

<<< From: "jackessiebabe" jackessiebabe@yahoo.com

..................Anyway, SL has made some changes. Comp limit has
been raised to $900 for Barons level. It's $600 for all others.....

···

Date: Thu May 18, 2006 0:30pm(PDT)
Subject: Re: Silver Legacy & Eldorado
--- In vpFREE_Reno@yahoogroups.com, TedChee@... wrote:

=========================================

Hi Glenn,

Can you please explain the above statement to me?

I am Sterling, not Baron, but I was totally unaware that there was
a "comp limit" for any tier. Is there, in fact, a limit to the
number of comps that one can accumulate and "save" in an account?

I guess that I am more accustomed to LV casinos where it is possible
to keep an unlimited number of comp dollars in your account as long
there is some actitivity on your account periodically. In fact, I
have a good friend who is a very high roller (by my standards) and
has many hundreds of thousands of comp dollars at a major LV casino.

Why would the SL want to limit the number of comps that a good player
might accumulate? What am I missing?>>>

Good question, Jackie. Some casinos have a limit on the $ amt of comps that
can be earned. Why? I don't know. Maybe they don't want high-rollers or
aren't used to dealing with them (I suspect the latter.) Maybe they want to cap
their future liability (imagine how many major airlines would go belly up if all
those air miles were cashed in this year). From the high-end events that I
have attended at Silver Legacy, my conjecture is that they have not targeted
the higher-end players in the past. Their high-end events would rate as medium
lower when compared to other casinos. For instance, a Legacy Lotto event
last year that was touted as an exclusive event had 1700 people show up. Must
have been exclusive to all citizens living in Reno.

As for having many thousands of comp dollars at one casino, my opinion is
it's a bad idea. It's akin to putting all your eggs in one stock & taking the
ride up & down with it. Playing the casino comp game should be like playing
the stock market. Diversify so that if one stock tanks, the rest of your
portfolio will keep you in the game. But you're in insurance so I'm preaching to
the choir.

Many members on this board have horror stories of losing comps in their
accts during system or ownership changeovers. My experience has been mostly
positive in that most of the time I've been able to double up. My only bad
experience has been Harrahs a few years ago when they temporarily changed their
system from banked comps to start-from-zero on each trip & they didn't tell
anybody for 6 months. So for 6 months I played in anticipation of banking comps
for future use & didn't use comps. Then I tried to use my stored-up comps
and....

I suspect that my experience has been mostly positive because I've never had
extremely high comp balances which presented much of a future liability.
Thus, I haven't been a target for those times when they go on a rationalization
program to bring their comp liaility under control (think air miles & the
hurdles you have to use them). I see this quite often as things I used to be
able to get with comp dollars* are no longer available but the things that are
always available are the overpriced suites, limo rides and cabanas.

*Teas and coffees are favorite items of mine. I bring them home as gifts and
they're always a hit as the brands are not available in my area. I've
noticed over the years that purchasing policies have changed to limit or restrict
volume buyers like me leaving me with the standard options of suites, limo and
cabanas. I've always gotten around them by finding something else but it's
getting harder. One member told me about using comps for wine and liquor as
the best value and he's probably right except that I get a lot of that already.

NOTE: On comps, unless you have a good reason for using a kiosk or slot-club
comp, always charge it to the room. I've had several experiences where the
charges were all picked up and my comp acct wasn't charged.

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

#2

The other poster that stated that comp points create a liability is
right, by expiring and/or capping the points, the liability is
reduced. I wouldn't be surprised if accounting chose to 'disappear'
points during a bad quarter, or if that points expired before the
annual financials.

···

On 5/20/06, TedChee@aol.com <TedChee@aol.com> wrote:

In a message dated 5/18/2006 3:31:49 PM Pacific Standard Time,
vpFREE_Reno@yahoogroups.com writes:

<<< From: "jackessiebabe" jackessiebabe@yahoo.com
Date: Thu May 18, 2006 0:30pm(PDT)
Subject: Re: Silver Legacy & Eldorado

--- In vpFREE_Reno@yahoogroups.com, TedChee@... wrote:

..................Anyway, SL has made some changes. Comp limit has
been raised to $900 for Barons level. It's $600 for all others.....

=========================================

Hi Glenn,

Can you please explain the above statement to me?

I am Sterling, not Baron, but I was totally unaware that there was
a "comp limit" for any tier. Is there, in fact, a limit to the
number of comps that one can accumulate and "save" in an account?

I guess that I am more accustomed to LV casinos where it is possible
to keep an unlimited number of comp dollars in your account as long
there is some actitivity on your account periodically. In fact, I
have a good friend who is a very high roller (by my standards) and
has many hundreds of thousands of comp dollars at a major LV casino.

Why would the SL want to limit the number of comps that a good player
might accumulate? What am I missing?>>>

Good question, Jackie. Some casinos have a limit on the $ amt of comps that
can be earned. Why? I don't know. Maybe they don't want high-rollers or
aren't used to dealing with them (I suspect the latter.) Maybe they want to cap
their future liability (imagine how many major airlines would go belly up if all
those air miles were cashed in this year). From the high-end events that I
have attended at Silver Legacy, my conjecture is that they have not targeted
the higher-end players in the past. Their high-end events would rate as medium
lower when compared to other casinos. For instance, a Legacy Lotto event
last year that was touted as an exclusive event had 1700 people show up. Must
have been exclusive to all citizens living in Reno.

As for having many thousands of comp dollars at one casino, my opinion is
it's a bad idea. It's akin to putting all your eggs in one stock & taking the
ride up & down with it. Playing the casino comp game should be like playing
the stock market. Diversify so that if one stock tanks, the rest of your
portfolio will keep you in the game. But you're in insurance so I'm preaching to
the choir.

Many members on this board have horror stories of losing comps in their
accts during system or ownership changeovers. My experience has been mostly
positive in that most of the time I've been able to double up. My only bad
experience has been Harrahs a few years ago when they temporarily changed their
system from banked comps to start-from-zero on each trip & they didn't tell
anybody for 6 months. So for 6 months I played in anticipation of banking comps
for future use & didn't use comps. Then I tried to use my stored-up comps
and....

I suspect that my experience has been mostly positive because I've never had
extremely high comp balances which presented much of a future liability.
Thus, I haven't been a target for those times when they go on a rationalization
program to bring their comp liaility under control (think air miles & the
hurdles you have to use them). I see this quite often as things I used to be
able to get with comp dollars* are no longer available but the things that are
always available are the overpriced suites, limo rides and cabanas.

*Teas and coffees are favorite items of mine. I bring them home as gifts and
they're always a hit as the brands are not available in my area. I've
noticed over the years that purchasing policies have changed to limit or restrict
volume buyers like me leaving me with the standard options of suites, limo and
cabanas. I've always gotten around them by finding something else but it's
getting harder. One member told me about using comps for wine and liquor as
the best value and he's probably right except that I get a lot of that already.

NOTE: On comps, unless you have a good reason for using a kiosk or slot-club
comp, always charge it to the room. I've had several experiences where the
charges were all picked up and my comp acct wasn't charged.

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

#3

can be earned. Why? I don't know. Maybe they don't want high-rollers
or aren't used to dealing with them (I suspect the latter.) Maybe
they want to cap their future liability (imagine how many major
airlines would go belly up if all those air miles were cashed in
this year). From the high-end events that I have attended at Silver
Legacy, my conjecture is that they have not targeted the higher-end
players in the past.............

···

--- In vpFREE_Reno@yahoogroups.com, TedChee@... wrote:

Some casinos have a limit on the $ amt of comps that

=====================================================
Interesting conjecture, Glenn. Thanks for giving me the benefit of
your informed opinion. What you say makes perfect sense to me, as
you've presented it.

As for having many thousands of comp dollars at one

casino, my opinion is a bad idea............................

I absolutely agree, and never leave either comp dollars or CB of any
consequential amount from trip to trip. I have comp accounts at
many casinos, and always manage to visit them once or twice, to use
the comps or take out the CB, each time that I'm in town.

NOTE: On comps, unless you have a good reason for using

a kiosk or slot-club comp, always charge it to the room. I've had
several experiences where the charges were all picked up and my
comp acct wasn't charged.

My results with this vary depending on the casino. For example,
when I'm at the GN, in LV, my host always picks up any meal costs
that I charge to my room. At the PEPP, and sometimes at the SL,
I've been more sucessful getting comps from the boothlings and the
kiosks (at SL) than when I try to have my bill adjusted at check-out
time. I've never had a problem with this at PEPP IF my host is
present when I check out. I have had a problem, in this regard,
with the staff in the VIP Room. My host has always reversed the
meal charges, if I call him after returning home. However, by that
time, my credit card has been charged, which is a minor annoyance.

Actually, when I'm on a solo VP trip, I don't consume that much
food. I prefer playing to dawdling over long, gourmet meals. I
doubt that my food comps for a typical five day trip exceed $200.00.
Perhaps this is why I'm usually sucessful in having the food charges
picked up.

Thanks again for your thoughtful response.

I hope that the sun is shining on you in and out of the casinos!

Best regards,
-Babe-