Hello,
got my first gift card to use at Swiss Chalet from Woodbine today.
They gave me a neat receipt too. My $25 gift card cost 5883 player
points. What does that translate to in terms of a cashback rate? Cash
back should be equal to gift card I figure.
nick
CB is .42% give or take a 3rd decimal point.
5883 x .0042 = $24.71
You're paying full price for the gift card. You may as well take the cash, which you can spend anywhere.
Presumably the Winners Circle buys them at a healthy discount. Unlike the Vegas casinos, which pass this discount on to their customers, OLGC wants to keep it for themselves, effectively lowering their cashback redemptions, and increasing their profits as a result.
I wouldn't recommend to anyone that we encourage them in this line of thinking. Until such time as they offer a premium for gift redemptions, stay with the cash.
Gift cards offer the buyer only liabilities (ie - you can lose them), and no benefits over cash.
Brian
nicolasbello <nbello@sympatico.ca> wrote:
Hello,
got my first gift card to use at Swiss Chalet from Woodbine today.
They gave me a neat receipt too. My $25 gift card cost 5883 player
points. What does that translate to in terms of a cashback rate? Cash
back should be equal to gift card I figure.
nick
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[Non-text portions of this message have been removed]
Hi Brian,
thanks for the calculation. I see your point about the gift cards
versus cash and will make that my first and last gift card redemption
unless Woodbine decides to sweeten the pot.
On a related note, anybody know when the 'Woodbine Live' project will
be completed? I'm looking forward to this new facility especially the
hotel so that I can crash there using my comps instead of driving back
so tired from marathon pick 'em sessions 
nick
I don't know where you are coming from, but if Pick-em is your game, you should
move your play to Casino Niagara, if it is at all convenient. The comps and cashback, and bounceback
are far superior to Woodbine.
Regards
A.P.
----- Original Message ----- From: "nicolasbello" <nbello@sympatico.ca>
To: <vpFREE_Canada@yahoogroups.com>
Sent: Friday, October 06, 2006 2:19 AM
Subject: [vpFREE_Canada] Re: Woodbine points calculation- Gift cards
On a related note, anybody know when the 'Woodbine Live' project will
be completed? I'm looking forward to this new facility especially the
hotel so that I can crash there using my comps instead of driving back
so tired from marathon pick 'em sessionsnick