This is absolutely untrue. The compact with the state of CT calls for a 25% tax on slot revenue.
The point is that Vegas has changed. Along with marketing to the 20 something crowd (with the bars and clubs) there is no longer any competition on the strip When there was competition we all benefited.
MS in CT has no competition (right now that is very likely to change in a few years) except Foxwoods. A few years ago there was no competition between the comps in Vegas and CT. Now, the CT comps exceed Vegas and there is no airfare or car rentals. It still not Vegas though but I will be reducing my trips and trying a couple of new places in Vegas.
Joel
···
----- Original Message ----
From: caplatinum <belairgold@aol.com>
To: vpFREE@yahoogroups.com
Sent: Monday, January 28, 2008 7:13:24 PM
Subject: [vpFREE] Re: STAY AWAY FROM NEW YORK, NEW YORK
Indian casinos can comp more they don't pay taxes
--- In vpFREE@yahoogroups. com, Joel Fink <joel0457@.. .> wrote:
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.
----- Original Message ----
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
on.
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____________________________________________________________________________________
Never miss a thing. Make Yahoo your home page.
http://www.yahoo.com/r/hs
[Non-text portions of this message have been removed]