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Strip Gets Rescued

Vegas remains resilient; NFL reverses field

Happy Thanksgiving, dear readers. We, of course, are primarily thankful for you. And Big Gaming is thankful too … not for us but for baccarat, which saved its bacon last month on the Las Vegas Strip. Visitation sank 4.5% but Strip casino revenue jumped 8%, driven in large part by a 69% catapult in baccarat winnings. (Things might have been worse still had convention attendance not spiked 8%, even though room rates still sagged 6%.) The house cleaned up at high-roller-friendly baccarat and at the tables in general (vaulting 25%) but not at the slots, which slipped 2% despite 3% higher coin-in. Table wagering was up 5% and baccarat players bet 9% bigger. Bottom line, fewer people may be coming to Sin City but the ones who do are betting more—and losing it, too.

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Winding Things Down

Bob Dancer

Every end of year presents decisions tax-wise. If you have accumulated cash back or free play at casinos and withdraw it, it’s a taxable event and is hence reportable. Many players, possibly most, don’t report such income, but that’s tax evasion — which is a crime. My goal is tax avoidance, which is different.

Usually, my decision comes down to whether I am ahead or behind for the year. While I’ve usually had positive annual results, there have been exceptions. In 2024, for example, I had a seriously-negative year. In December of that year, I emptied most of my slot club accounts.  This reduced my loss for the year and since losses aren’t carried over year to year, was a better strategy than if I collected the money from the slot club accounts in a year I was ahead and would have to pay taxes on it.

In 2025, I’m ahead and will not be clearing out accounts before December 31. Because of the new tax law that is going into effect January 1, I’ll be quitting most of my gambling at that time, so my slot club accounts will be cleaned out in January of 2026.

There are some cases, however, where I will not clear out my slot club accounts, because of the idiosyncrasies of the particular slot clubs. Some of my readers have accounts at these exact casinos, but many of you have accounts elsewhere where the same logic might apply.

South Point — When the South Point reduced its slot club from a 0.30% return to 0.15%, I quit playing. All video poker there now has a house advantage. The mailers competent video poker players receive are pretty paltry, so there’s no reason for me to play there anymore.

Telling people that I’ll no longer be playing at South Point (knowing that others might follow my example and also quit playing there) is not easy for me to do. Over the years, I’ve been a very strong advocate for that casino.

 Michael Gaughan and the South Point have been very good to my career and to me personally. The South Point was the major sponsor of my Gambling with an Edge podcast, and I taught classes there for many years. When Shirley, out of the blue, decided our marriage was over back in 2012, the South Point gave me a free room there for a few weeks until I got my feet on the ground again. Many competent players have been removed from the South Point slot club, but I was allowed to stay because of my relationship with Michael Gaughan.

 But the policies of that casino have changed. The slot club has been cut in half, and many monthly promotions are smaller now than they used to be. While I’ll always be grateful to Michael Gaughan, I won’t be a player there any longer. So why not close my slot club account there?

Because on Mondays, the South Point offers 50% discounts to seniors for food and other things if you use your accumulated points — and for about two weeks before Christmas every year everybody gets the 50% discounts using points. Since spending my points like this isn’t taxable, and I get twice as much in food as I’d get in cash, it makes sense to me not to clear out the account at this time.

Caesars Sports Book — I am not a significant sports bettor, but Caesars Sports Book offers monthly promotions if you have Caesars Seven Stars status. My current Seven Stars status remains in effect until January 2027, so I’ll continue to opt into the monthly promotion until then.

Although the promotion has changed before and can change again at any time, currently it goes like this: If you make a monthly $100 or higher bet using real money (which includes money deposited or earned and not withdrawn), you get a $150 free bet. Free bets do not return as much as regular bets, but they are free and, obviously, I win some of them.

While I generally make my $100 bets at around -200 (meaning I will win approximately 2/3 of them), I lose some of them. My free bets are made on underdogs, so I lose more than half of them. So, it is possible that my overall balance decreases periodically and I’ll need some money in the account so I can continue to make my required $100 monthly bets. I’ll probably leave $500 in it and clean out the rest in January. Over time, though, I’m a huge favorite to win during this promotion.

Four Queens — I have a current comp dollar balance of several thousand dollars. Bonnie and I like to take people to Hugo’s Cellar periodically, so I want to keep that balance active. That means I will continue to play a little at that casino to keep the food comps from expiring. So while I’m “giving up gambling” in the main, there are a few exceptions, like this one.

I will not be receiving meal comps at casinos in 2026 because I’ve stopped playing, so in addition to going to Hugo’s Cellar sometimes, we’ll probably eat at their Magnolia’s coffee shop much more often than we do today. The casino has an accumulated points balance, separate from comp dollars, and we’ll probably zero that in January.

There are other year-end things I will do. Bonnie and I each get five $100 meals at Caesars properties because of our Seven Stars status. We still have some that won’t expire until January 31. We’ll spend those in January — because we have other “free food” until then. It’s possible we’ll get more meals at Caesars next year simply because we’re still Seven Stars. We’ll see.

It’s possible that the new tax law will be reversed sometime in the future — and depending on when that happens, I might start gambling again. I will certainly look at what casinos are offering and make a judgment as to whether I can get up to speed again and how long that will take me. 

If this happens in, for example, 2030, I’ll be 83 years old by then and will not have played for five years. It’s fair to assume my skills will have greatly deteriorated in that time period. And who knows if there will be any games worth playing by then? 

While presumably I’ll be able to get up to speed again in video poker, if there are any games worth playing, I’ll have to start over again at advantage slots. While I know how to beat several dozen different kinds of slot machines today, new games will continue to be invented and any of the games I know today will likely either be non-existent or perhaps “everybody” will know how to play them so my information today will be worthless then.

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Buffet Update – December 2025

Circus CircusCircus Buffet: This weekend’s Breakfast Brunch is Thu – Sun, 11 a.m.-2 p.m. for $33.99 and Dinner’s Thu – Sun, 4:30 p.m.-10 p.m. for $39.99.

WynnThe Buffet: Gourmet Brunch will be closed December 1–4 but will resume to regular daily schedule on Dec 5, 8 a.m.-1 p.m. is $59.99. Seafood Gourmet Dinner is daily, 1 p.m.-9 p.m. is $79.99.

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Vegas Regulators Expose Themselves

Was the circus in town last week? Because the Nevada Gaming Commission sure put on a clown show. They handed out a nominal, $7.8 million fine to Caesars Entertainment for flouting anti-money laundering laws. The Roman Empire looked the other way for at least five years while illegal bookie Mathew Bowyer (author of the Shohei Ohtani scandal) gambled at Caesars’ casinos. Amazingly, no one seems to have laughed when Caesars CEO Tom Reeg said, “We never sacrifice compliance for revenue,” even though he clearly did. Reeg followed that howler up with, “There is no customer that’s worth illegitimate profits.” Well, there was at least one.

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Bally’s Stands Alone?

Wouldn’t it be the apex of irony if unfunded Bally’s New York were the only New York City casino project left standing when all’s said and done? It would go from iffy in the extreme to $4 billion investment magnet overnight and Chairman Soo Kim will be gloating all the way to the bank. It’s not such a fantastic scenario (although one wouldn’t have believed it two months ago) now that Metropolitan Park is embattled and Resorts World New York City is having second thoughts.

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Bobby Vegas — What’s Yer Favorite Vegas Swag?

Bobby Vegas: Friends Don’t Let Friends Play Triple-Zero Roulette

Bag stuffed with goodies after a coupon run, (like a kid coming back from Halloween or the Midway), I marvel at all the T-shirts, coffee cups, dice, playing cards, hats, and more that I’ve collected on my trip to Vegas. Keep your Gucci. I like free.

Yeah, I’m one of those guys taking the soaps and shampoo. But what really gets me going is the twice-daily room service in the five-star towers at Wynn and Encore literally sweeping it all into the cloth laundry bags along with … well … they haven’t gone out of their way to invite me back, but I don’t think it’s the Super Swag runs.

But I digress. I love to collect. I’m into vintage LPs and 45s, Do Not Disturb signs, seashells, everything Japanese (even anime, though I stop at Hello Kitty), and of course anything Vegas.

My question to you is: What’s your favorite Vegas swag?

Come on, I know you sneak some soap and shampoo home and love to sing Bon Jovi, Taylor, Lady Gaga, or Rod Stewart while soaping up from the Cosmopolitan.

Anyway, I considered a Top Five, but it’s even hard to stop at the 10, so here goes.

Soaps and shampoos from Downtown Grand, Rio, and especially Wynn.

Long-gone-casino swag: Crazy Girls coffee cups from the Riviera (you know the one) and my Mirage bathrobe.

Wynn bathrobe and leather long shoe horn. No not for shoes, silly … think kinky!

Circa Stadium Swim towels, (mine cost me $10,000; Superbowl Stadium Swim for 12), though I passed on Circa’s replica gold bars of their Legacy Club Million in Gold Display … a must-see, BTW.

Did I mention my Vegas coaster and matchbook collection and Vegas/Reno/Atlantic City dice collection? Or Shaq’s Super Bowl party at XS at the Wynn? The music was hot — and the swag was off the charts.

Or my favorite LVA MRB online printed free lap-dance coupon I never used? Like the whale in Atlantic City who kept losing millions and on the trip where he won millions, he kept the check in his wallet to show his buds he was a winner? Well, I didn’t win millions and not cash the check (I always cash the check!), but I kept the lap dance coupon, because I couldn’t imagine asking for a dance and handing over a coupon.

Besides, it’s really number two. My number one Vegas swag? The Stardust “Maid service, please” door hangar. I still remember looking down at the pool, wishing I had one of those poolside rooms (before they plowed it under to create Resorts World).

Oh, the stories those rooms could tell!

What’s your favorite swag or swag story?

Best swag story wins a Bobby Vegas T-shirt, the best swag of all.

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Week Two Aboard the Norwegian Bliss

Bob Dancer

In last week’s blog, I told of Bonnie and I going on two back-to-back Sunday to-Sunday Mexican Riviera cruises. I was still aboard the Bliss when I started the last blog post. I’m already home before I’m starting this one. Some of what I previously wrote needs amendment. Not because I intentionally lied to you, but either the host in the casino gave me bad information, or I misunderstood what was said.

I earned 1,000 points each week, entitling me to $500 off my next NCL cruise. I needed to make cruise reservations using these certificates within 60 days, and the trips needed to be completed within one year. So, two days after we arrived home, I called NCL’s Casinos at Sea department to make the arrangements. I wanted to use these certificates to pay for the port fees and possibly gratuities on the same cruises we earned by obtaining Seven Stars status at Caesars.

No can do. The certificates are only good for the cabins themselves — or an upgrade. We could upgrade to a “Club Balcony Suite,” for an additional $360 per person, but I could only use the certificates for my part of that, not Bonnie’s. So, If I wanted to use my certificates at all, we’d have to pay an additional $360. We would get a bigger room, bigger balcony, and a bottle of sparkling wine. For $360. For each of two weeks.

We decided to do this. It might end up being our last cruises (all of our cruises so far have been largely subsidized by casinos — paying retail for cruises doesn’t sound attractive at all — and I’m giving up gambling effective January 1, so we won’t be getting any more cruises “for free.” Paying retail for cruises goes against my frugal nature, and with the casino no longer attractive to somebody who has given up gambling, there’s far less reason to go.)  

When I said in last week’s blog that the certificates were worth 5% if you played video poker and 10% if you played slots, that’s only true if the certificates are useful to you — like if you didn’t get highly discounted cruises from Caesars or other casinos and were willing to pay retail for them.

There were 30 or so guests cruising back-to-back like we did — presumably, there’s a similar number every week. But somehow the Bliss has a computer glitch that kicks in on back-to-back cruises.

Usually, you use your stateroom key card as a slot club card in the casino. I went to the casino about 2 a.m. on Monday morning for my first visit of the week. The machines are largely available at that time, and I was optimistic that the new passengers would have left unplayed multipliers on the Ultimate X (UX) machines and also left some of the (relatively few) persistent slot machines in an advantageous state.

The first slot machine I checked was Rich Little Piggies (RLP). At home I rarely check these machines because a high percentage of machine pros know what to look for and they are checked regularly. But on a cruise ship, when there aren’t too many machine pros, this might be worth checking. When these machines aren’t being played, what shows on the screen is the 1¢ 75-coin game. While this is a low denomination that isn’t of particular interest to me, the screen showed the blue piggy at 25 with a fat yellow piggy. 

Simply put, this machine was in a positive state and lots of players had walked right by it since it was last played. This was a good sign because at least a portion of the UX vultures would recognize this RLP game as being good to play. And if they hadn’t found this game right out in the open, there were probably multipliers available on the UX machines ripe for the plucking!

Except my card wouldn’t work.

I went to the casino cage. They looked at what they could see on their computers and told me that my account was in good standing, and I should not have a problem. The slot attendants had gone to bed, but some of the table game dealers filled in for them. One of them tried my card and agreed it wouldn’t work and he had no explanation as to why.

I passed a man in a suit with an NCL employee badge on, and I asked him if he was in the slot department. No, but he was the overall casino shift manager and wanted to know what my issue was. I explained that my card worked last week and wouldn’t work now. He told me they sometimes had a problem on the first few days for a back-to-back cruiser. He thought the problem had been fixed, but they had a workaround that they could use. He told me he could get one of his slot people, who was currently off duty, to come and help.

“You’re going to wake somebody up?” I asked. “I can wait until tomorrow.”

“No,” he replied. “If you’re in the mood to play now, we want to help you. My slot guy should be here in ten minutes, so please wait over here,” and he pointed to some empty seats.

I did and about 15 minutes later I had another card. It was for the casino only and wouldn’t work to open my cabin door. It had a different design on the card so I could easily tell the cards apart. We tested it and it worked, at least on the machine we tested it on.

When I went back to the RLP game, the new card wouldn’t work. The guy who had been woken up to help me had left the casino. There was no way I was going to get him called back again. I’d just wait until tomorrow.

I was a little concerned. At this point I thought the promotion was worth between 5% and 10% and I didn’t know how many opportunities I’d get. It would depend on how much competition I had at UX vulturing — which I couldn’t know yet because the ship had just sailed 10 or so hours earlier. The good numbers on the RLP machine were an indication that I’d find plenty of opportunities to get my points, but it was just an indication, not a certainty.

As it turned out, I got the new card fixed the next day and had no problem finding enough plays to earn 1,000 points. But I didn’t know this when I returned to bed Monday morning at about 3 a.m.

The back-to-back problem also affected my internet package for a few days. It eventually got fixed but I missed something on Sunday that I really wanted. We were going to do a special Gambling With an Edge podcast on the recent Blackjack Ball, and we planned to tape it Sunday afternoon when we were still in the port of Los Angeles.

Unfortunately, my name wasn’t recognized when I tried to set up the internet account for the second week. It would be fixed a few days later, but Richard Munchkin had to tape the GWAE episode without me. He did fine, of course, but we both wish I would have been able to participate.

I don’t understand why the Bliss had computer glitches affecting back-to-back cruisers. The ship is about six years old, there are dozens of ships in the fleet, and dozens of back-to-back cruisers every week. They’ve had plenty of opportunity to fix the glitch, whatever it was.

The attitude of the employees was excellent — but somehow the system didn’t work properly. I don’t know if this affects other ships in the fleet or not.

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GLPI Speaks

It was recently our pleasure to interview Gaming & Leisure Properties Inc. President Brandon Moore at length for a forthcoming issue of Casino Life Magazine. Indeed, Moore was interviewed at such length that we wound up with 4,700-plus words of transcript! As a service to S&G readers and a coming-attractions trailer for the print interview, here are outtakes from our conversation. But we don’t here address the rampaging elephant in the room that is Bally’s Corp.—we have to save something for the printed version!

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