vpFREE2 Forums

STAY AWAY FROM NEW YORK, NEW YORK

#1

You're using the EV to determine the theo. The theo is typically much higher. At MS in CT the theo is 5%. on 9/6 JOB. Room comps and shows don't count against your comp balance. So, in additon to a suite and shows, I would have earned approx 3K in points. This compares to the $400 NYNY wouldn't comp.

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----- Original Message ----
From: npf152512 <npf152512@yahoo.com>
To: vpFREE@yahoogroups.com
Sent: Thursday, January 3, 2008 4:43:34 PM
Subject: [vpFREE] Re: STAY AWAY FROM NEW YORK, NEW YORK

--- In vpFREE@yahoogroups. com, Joel Fink <joel0457@.. .> wrote:

I just got back from a 6 night trip to Vegas with the last three

(12/28-12/31) at NYNY. My host comped me into a suite with another
room plus RFB.

When I went to check out, not only were all food charges on the

bill but I was charged $200 for one nt for the second room. They did
renove the charge for the second room at checkout. My total food
charges for the 3 nts were only $400.

I spoke to my host Steven Bernstein who told me I was over comped.

I put through over 250K+ during the three days I was there.

A host (not yours) explained what apparently is MGM-Mirage policy as
follows:

Your comps are evaluated based on theoretical if you did not show a
loss. You didn't mention what machines you played. But if you put
$250K through a 9/6 Jacks machine with a return of 99.55%, your
expected long-term loss would only be $1125 if my math is correct,
which isn't always the case. The casino sees that number.

From that number, you don't receive 100% in comps. There is a range
of up to 20%, which makes your total comps equal to $225. I know that
sounds ridiculous based on your substantial coin-in, but that's the
way they look at it. Furthermore, it can get worse - based on your
being "overcomped" you may not hear from NYNY at all in the future
until you show a sizeable loss.

That's the policy as I understand it. So, you can argue with hosts
for exceptions, or do as I and many others have done and simply move
on.

      ____________________________________________________________________________________
Never miss a thing. Make Yahoo your home page.
http://www.yahoo.com/r/hs

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

#2

I wasn't "using" theo but instead communicating exactly what I had been
told by an executive host. We went through all the math cited in my
post during the course of our conversation.

If there is a misunderstanding, then it is with the MGM-Mirage staff
and their own system. And since I can't correct the situation (or have
the right to tell marketing what they SHOULD be looking at) I have
simply moved on and play elsewhere now.

···

--- In vpFREE@yahoogroups.com, Joel Fink <joel0457@...> wrote:

You're using the EV to determine the theo.

#3

Indian casinos can comp more they don't pay taxes

You're using the EV to determine the theo. The theo is typically

much higher. At MS in CT the theo is 5%. on 9/6 JOB. Room comps and
shows don't count against your comp balance. So, in additon to a
suite and shows, I would have earned approx 3K in points. This
compares to the $400 NYNY wouldn't comp.

From: npf152512 <npf152512@...>
To: vpFREE@yahoogroups.com
Sent: Thursday, January 3, 2008 4:43:34 PM
Subject: [vpFREE] Re: STAY AWAY FROM NEW YORK, NEW YORK

--- In vpFREE@yahoogroups. com, Joel Fink <joel0457@ .> wrote:
>
> I just got back from a 6 night trip to Vegas with the last three
(12/28-12/31) at NYNY. My host comped me into a suite with another
room plus RFB.
> When I went to check out, not only were all food charges on the
bill but I was charged $200 for one nt for the second room. They

did

renove the charge for the second room at checkout. My total food
charges for the 3 nts were only $400.
> I spoke to my host Steven Bernstein who told me I was over

comped.

I put through over 250K+ during the three days I was there.

A host (not yours) explained what apparently is MGM-Mirage policy

as

follows:

Your comps are evaluated based on theoretical if you did not show a
loss. You didn't mention what machines you played. But if you put
$250K through a 9/6 Jacks machine with a return of 99.55%, your
expected long-term loss would only be $1125 if my math is correct,
which isn't always the case. The casino sees that number.

From that number, you don't receive 100% in comps. There is a range
of up to 20%, which makes your total comps equal to $225. I know

that

sounds ridiculous based on your substantial coin-in, but that's the
way they look at it. Furthermore, it can get worse - based on your
being "overcomped" you may not hear from NYNY at all in the future
until you show a sizeable loss.

That's the policy as I understand it. So, you can argue with hosts
for exceptions, or do as I and many others have done and simply

move

···

--- In vpFREE@yahoogroups.com, Joel Fink <joel0457@...> wrote:

----- Original Message ----
on.

______________________________________________________________________
______________

Never miss a thing. Make Yahoo your home page.
http://www.yahoo.com/r/hs

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

#4

Highly inaccurate. Highly.

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On 1/28/08, caplatinum <belairgold@aol.com> wrote:

Indian casinos can comp more they don't pay taxes

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

#5

No highly accurate -first which Indian tribe casino pays federal
corporate income taxes? - none. The 25% "tax" on slot revenues in
Connecticut - is not a tax, it was not imposed by the Connecticut
Legislature - it was a negotiated deal for an Indian monopoly on
casinos in that state. In fact, the key thing that kept Steve Wynn out
of Connecticut years ago was that if they allowed him a casino, the
Indian contribution to the state goes away - that is a contract, not a
tax - because the Indians are soverign, the state has no right to tax
them. In California, there is no uniform forumula for what the Indian
casinos pay, it all depends on what compact they have. In fact, in both
states, it is a function of slot revenue, the Indians pays nothing on
table game win. Contrast that with states like Nevada or New Jersey
where commericial casino pay the gaming tax on both table and slot
revenue and with states with a corporate income tax like NJ or
Michigan, the casino companies pay both the gaming tax and state income
tax

···

--- In vpFREE@yahoogroups.com, "Curtis Rich" <LGTVegas@...> wrote:

Highly inaccurate. Highly.

On 1/28/08, caplatinum <belairgold@...> wrote:
>
> Indian casinos can comp more they don't pay taxes

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