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It’s Not Like That

In addition to being posted on www.bobdancer.com, these weekly blogs are also posted on www.gamblingwithanedge.com, where there is a forum for reader discussion. Recently, a man who posts as “Boris from Switzerland” wrote (slightly edited): Change of subject: Why has Boyd stopped offering multipliers to everybody, and why did they clean out their casino floors by removing their 99.50% and higher games? This is something I don’t like at all. 

While I’m not a big fan of Boyd and the gambling decisions they have made, Boris has misstated what they are actually doing.

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Massachusetts jumps; Bally’s sags; Century flees

Defying a larger trend, Massachusetts closed out 2022 with strength, its casino revenues up 8% to $103 million. The big dog, Encore Boston Harbor, leapt 10% to a boffo $68.5 million, beating Wall Street expectations. MGM Springfield‘s gain was more modest, 1% that pushed it to $22.5 million for the month. Plainridge Park jumped 11.5% and grossed $12 million, continuing to manifest a recovery against the inroads made by nearby Encore.

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The tax that ate Las Vegas; Dr. King misremembered

A horrible idea for the taxpayer, the economy and for gaming in particular has been resurrected in Congress. Yes, it’s the “national sales tax,” which would lay a double-digit impost on all goods and services, and which only could be rebated to us if we fill out onerous, monthly paperwork—much more burdensome than dealing with the IRS once a year. As formerly championed by disgraced ex-lawmaker Steve King, the root of the bill is the “strong father” model of government, in which the sales tax would be intended to A) make people resent government itself and B) curb consumer spending. An especially odious carve-out in the 2004 iteration of the bill—and this bears close watching—is that all businesses would qualify for tax refunds … except casinos and gambling-related businesses, which would get nothing. It’s a dagger aimed straight at the heart of the Big, Bad Casinos.

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When Is It Quittin’ Time?

This post is syndicated by the Las Vegas Advisor for the 888 casino group. Anthony Curtis comments on the 888 article introduced and linked to on this page.

A.C. says: When should you quit playing during a gambling session? Most advice revolves around the monetary consideration, focusing on protecting a big win or limiting losses. The advice in this article is related to that, but really boils down to using common sense. It advocates paying attention to what you know is the logical thing to do, whether based on your current results or simply maximizing the experience. It sounds a little bit like a cop-out, but because of several points made in this article, there aren’t any hard-and-fast rules for stopping. That’s okay; relying on common sense is good advice for all levels of player. However, there’s a fairly solid rule of thumb for expert players who know how to play with an advantage, e.g., by counting cards in blackjack or playing a video poker progressive that’s above breakeven. Assuming you’re adequately bankrolled, you should stop when the game conditions deteriorate or when you’re too tired to play accurately. For pros, the paramount consideration for deciding when to stop is almost always whether or not the game continues to be beatable, not how much has been won or lost, especially after a small amount of play.

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Indiana dims; Sands: Make mine Nassau; Mega-Jottings

Gaming revenues dipped last month in Indiana, achieving $204 million, a 3.5% year/year decline. Hard Rock Northern Indiana ($34 million, +4%) continues to ransack its competitors. Horseshoe Hammond was closest, grossing $26 million but down 13.5%, while Ameristar East Chicago tumbled 13.5% to $16.5 million and Blue Chip (above) slipped 10.5% to $10.5 million. Caesars Entertainment‘s two Hoosier State racinos headed in opposite directions. Horseshoe Indianapolis was up 2% to $28.5 million, while Harrah’s Hoosier Downs was down 6.5% to a still-healthy $20 million. Defying the downward trend was Bally’s Evansville, jumping 9.5% to $15.5 million, while Belterra Resort was flat at $8 million and French Lick Resort was also level at $7 million. Caesars Southern Indiana was also steady at $21 million, while Hollywood Lawrenceburg slid 11% to $13.5 million. Rising Sun didn’t rise: -8% to $4 million.

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Atlantic City focus

Since we’re heavily occupied today with “Question of the Day” submissions, Sports Betting Operator features, a CDC Gaming Reports story and Casino Life page proofs, we’ll turn most of the S&G space over to our East Coast bureau, who has a variety of reports …

Above is the Bally’s Atlantic City slot floor, seen last Monday. Yes, the casino was open. Below is their ‘high limit slot’ room, with one customer seen cashing out a ticket.

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It’s Not Good News

Not so long ago, I received an email from Anthony Curtis directing my attention to https://acresmanufacturing.com/optimal-poker-analyzer/ . It’s an advertisement for a product that casinos can use to evaluate the accuracy of the video poker players at their casino.

Generally speaking, casinos want to reward players based on their true worth to the casino — that is, pay losing players a lot to keep losing, pay good players a little but not too much, and find and eliminate winning players. Also generally speaking, strong players want to disguise what they’re doing so they can keep their welcome and continue to gather their profits. 

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New F-blue CEO; Illinois mostly upbeat, Missouri not

Who in the world is Brett Mufson? Well, he’s the new president and CEO of Fontainebleau Las Vegas. Other than that, Jeffrey Soffer‘s company ain’t tellin’ much. We are informed that “Mufson’s instrumental leadership helped steer the company’s re-acquisition of the property along with the reinvigoration of Soffer’s original strategic vision for Fontainebleau’s brand and Fontainebleau Las Vegas.” Yes, but how does that qualify Mufson to steer the Las Vegas Strip‘s most expensive megaresort, particularly in such a cutthroat market? That question is begged.

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Station scores; New York OSB boffo … for state, that is; Kosar sacked; Renegade slots reconsidered

Station Casinos is $62 million richer after unloading $56.5 acres of land near South Point to HCA Healthcare, a hospital chain. Don’t worry about Station’s plans to challenge Michael Gaughan for sub-Strip supremacy: It’s still harboring 126 acres of scrubland near the locals-casino behemoth (South Point, not Gaughan). Despite the flurry of Cactus Lane dealmaking, we still expect Station’s next thrust to be deeper into Henderson, with its much-bruited Inspirada resort.

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How To Play Multi-Hand Blackjack

This post is syndicated by the Las Vegas Advisor for the 888 casino group. Anthony Curtis comments on the 888 article introduced and linked to on this page.

A.C. says: This article is about playing multiple hands in online blackjack, but the information about expected losses and risk also apply to playing live blackjack in casinos. Author Henry Tamburin hits all the important points, including the fact that you can’t beat the online games that shuffle after every hand. However, it’s also clear that those playing for entertainment will find it much easier to play multiple hands online and often for significantly lower stakes, which counteracts the negative effect of faster play.

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