Slot Payout Percentage

Slot machine payout percentage is something that I’ve always wanted to know since I like playing the occasional slot machine.

Here’s are the most recent monthly percentages of places I like to travel to:

Atlantic City
Borgata – 92.1%
Resorts – 91.6
Trump Taj Mahal – 91.6

Connecticut
Foxwoods – 92.3
Mohegan Sun – 91.4

Nevada
Boulder Strip – 96.1
North Las Vegas – 95.5
Balance of County – 95.2
Reno – 94.6
Mesquite – 94.2
Las Vegas Strip – 94.1
Downtown Vegas – 94.0
Laughlin – 93.4
Lake Tahoe – 93.0

Note: LA divides the state into regions/areas, not specific casinos.  North Las Vegas: Santa Fe, Fiesta. Boulder Strip: Sam’s Town. Downtown Vegas: Fremont St casinos. Balance of County includes Orleans, AZ Charlies and casinos in Primm.

The full list can be found here.  Courtesy of the Gambling Teachers blog.

Caesars Palace Expansion on hold

I just got the official press release from Harrah’s with confirmation that Caesars Palace in Las Vegas has put a hold on the construction of Octavious Tower.  Here’s the release in it’s entirety.

LAS VEGAS — Harrah’s Entertainment Inc. said it is delaying plans to open 665 new rooms at a sixth tower it has just built at Caesars Palace until there is stronger demand for hotel rooms.

The 23-story Octavius Tower was scheduled to open this summer as part of a $1 billion expansion at the casino resort.

Harrah’s said that other parts of the expansion will open on schedule, including 110,000 square feet of meeting space, an expanded pool and garden area, and three 10,000-square-foot luxury villas. Strong advance bookings warranted finishing the new meeting space, Harrah’s said.

With the economy in the middle of a recession and room occupancy low, there really isn’t a reason to go forward with completion at this point.  It’s better than firing people.  The addition is just about complete so if there’s a need to increase capacity, they’ll be able to move quickly.

For details and pictures head over to Vegas Today and Tomorrow.

Comp chasing…good idea or bad idea

I was looking around for some gambling news while watching halftime of the Eagles @ Cardinals game and came across this story in the Hartford (CT) Courant about a couple who saved their comps at Foxwoods in Connecticut.  Unfortunately the husband passed away before the points were used and the widow was unable to use the rewards after he had passed on.

He accumulated a large number of points before  becoming ill and soon after, he died. He  liked to hoard his points, and at the end of his life had a total of 8500 points.

The casino agreed to transfer his points to my players card, however the maximum they would transfer was 5000.  That, the powers that be told me was the maximum they would transfer.

First thought is that we all should wish the best for the widow.  That aside, I do not operate this way.  This is a good example of hording your comps.  Things happen in life (or death in this case) and I would never want to lose a reward that I’ve earned.  I don’t use comps as I get them, but I don’t save them for a rainy day either.

I pretty much have a “reward plan” for all rewards or comps I receive.  For example, I will use my rewards to save on expenses that I can’t gain rewards on elsewhere.  I get multiple times rewards for certain credit card spending I’ll usually use casino comps on things I can’t get rewarded for elsewhere.  Additionally, I know how often I will be traveling in a given year and plan to use my rewards or miles for upgrades.

What do you do?