Tel me what your take is on this story . Is it worth my time to make sure I make that special trip .
https://weeklyseven.com/news/2011/march/17/loosening
Here is part of the article
Loosening Up
The Las Vegas Club says you’ll win more on its slots. Not everyone is pleased with the message.
By David G. Schwartz | March 17th, 2011
Ask the average slot player where Las Vegas went wrong, and they’ll tell you it’s not the poor economy or increased competition from the casinos that are sprouting like mushrooms around the country.
No, they’ll insist the big problem is that slots are too tight. Sure, slot machines are negative expectation games, and if the casinos paid out more than they took in, they’d go out of business. But in the old days, they insist, it took you longer to lose.
The folks running downtown’s Las Vegas Club hotel-casino think the slot players are right. PlayLV, which operates the club for the multinational investment group Tamares, has embarked on an ambitious course of slot-loosening—and a pull-no-punches campaign to let downtown gamblers know about it.
“Fremont Street was founded on value,” PlayLV consultant Steve Rosen says. “But most places have gotten away from that, particularly when it comes to their slot machines. They’ve just gotten tighter and tighter. Most places today are interested in squeezing the player’s gambling budget out of them as quickly as they can. I think that’s the wrong model.”
The slots weren’t loosened with one fell swoop. Instead, starting in January, it started lowering the hold percentage on selected banks of machines, 40 percent at a time. A machine that once held 6 percent would now hold, on average, 3.6 percent.
https://weeklyseven.com/news/2011/march/17/loosening
Here is part of the article
Loosening Up
The Las Vegas Club says you’ll win more on its slots. Not everyone is pleased with the message.
By David G. Schwartz | March 17th, 2011
Ask the average slot player where Las Vegas went wrong, and they’ll tell you it’s not the poor economy or increased competition from the casinos that are sprouting like mushrooms around the country.
No, they’ll insist the big problem is that slots are too tight. Sure, slot machines are negative expectation games, and if the casinos paid out more than they took in, they’d go out of business. But in the old days, they insist, it took you longer to lose.
The folks running downtown’s Las Vegas Club hotel-casino think the slot players are right. PlayLV, which operates the club for the multinational investment group Tamares, has embarked on an ambitious course of slot-loosening—and a pull-no-punches campaign to let downtown gamblers know about it.
“Fremont Street was founded on value,” PlayLV consultant Steve Rosen says. “But most places have gotten away from that, particularly when it comes to their slot machines. They’ve just gotten tighter and tighter. Most places today are interested in squeezing the player’s gambling budget out of them as quickly as they can. I think that’s the wrong model.”
The slots weren’t loosened with one fell swoop. Instead, starting in January, it started lowering the hold percentage on selected banks of machines, 40 percent at a time. A machine that once held 6 percent would now hold, on average, 3.6 percent.
