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Posted At : April 14, 2009 09:22 AM | Posted By : D McKee
Related Categories:
IGT,Current,Reno,Herbst Gaming
That $33 million jackpot scored by Reno resident Rachael Renée Romanick highlights two fallacies surrounding progressive slot jackpots. The first is the urban legend that Megabucks always "hits" at the newest casino. (It's a useful myth, seeing how it would motivate slot players to flock to, say, M Resort on the perception that Megabucks was about to go into a "hot cycle."*) After all, Ms. Romanick's big win occurred at lowly Terrible's Rail City, a Sparks casino** that's not only practically unknown outside Washoe County, it's in bankruptcy too.
Second, casino executives ought to quit railing -- pardon the pun -- against revenue-participation games and take a minute to kiss the shoes of IGT. After all, it's the latter who's responsible for paying the jackpot. Imagine the difficulty Ms. Romanick might have collecting from stoney-broke Herbst Gaming (owner of Rail City) ... or any of a number of casino companies whose solvency is currently open to debate.
* -- a term that a former editor of mine unforgettably dubbed "useless voodoo"
** -- Is that Herbst CEO Ferenc Szony doing the voice-overs on the Rail City Web site? It sure sounds like him and Szony loves to put a personal touch on his casino promotions.
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wanted to let you know that Nevada gaming regs require a restricted account
to be funded for any such prize.