I have a slot host at Harrah's who really seems to earn her pay. She works long hours, remembers every detail, keeps her promises, and is always warm and cheerful to boot. Any idea how much she -- and others like her -- get paid? I guess what I'm asking is, is she/they on a salary? Does she get a commission? Both?
A few independent hosts, such as Steve Cyr, the main character in Deke Castleman's book Whale Hunt, are freelancers/independent contractors, steering high rollers to one or more casinos with which they have a contract or working arrangement. They’re not paid a salary, but earn a commission from the casino, usually based on the actual losses of the players they bring in, but sometimes based on the mathematically expected loss of their overall play (this is known as the "theoretical" or "theo").
However, most casino hosts are salaried employees. Steve Cyr, again, was an employee of the Las Vegas Hilton for many years before he went independent.
Some companies don't pay hosts any bonuses, commissions, percentages, or incentives above their regular salary. However, many do, usually quarterly or annually. Where bonuses are paid, what they’re based on can vary considerably. Usually, they're given out individually and depend on the amount of play and/or the number of room nights of the customers who are "coded" to one host. Sometimes, the host bonuses are based on the losses of their customers. More infrequently, they're based on new business that a host brings in. A few companies work more on the team concept and host bonuses are based on the success of the whole player-representative department in reaching corporate goals.
So you can see that it varies considerably from host to host and casino to casino. That's why what your host earns in salary, commissions, bonuses, etc. is hard to quantify and would be a guesstimate at best. But if she works as hard as you say she does and is as good as you write that she is, we imagine she does well for herself, given that she seems well-incentivized.
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David Miller
Jul-03-2020
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Dan McGlasson
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Benjamin
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Kevin Lewis
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IdahoPat
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