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Can’t Stop Talking about Rainbow and Emerald Isle

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

Deke, my editor at the Las Vegas Advisor, asked me to expand on the changes in the mailer from Rainbow/Emerald Isle and this is turning into a whole article on why I love Rainbow.

I stay at the Downtown Grand and drive out to Rainbow a LOT. It’s only 15-20 minutes down the freeway and as I have hundreds of dollars in unspent comps and am on a first-name basis with the staff, I love going — sometimes for breakfast, sometimes dinner, great games all the time. The Rainbow’s daily specials, most for $9, are fantastic.

I’m an anti-Strip guy. When I went to the Pinky Ring at Bellagio nightly for a week or more, I was overwhelmed by the traffic, crowds, $18-$20 parking, and the unplayable games.

But way out on funky little Water Street in Old Henderson, I found my intimate and insanely friendly goldmine, baby.

Since the recent Emerald Isle/Rainbow buyout, the first sign of ownership change is they combined the two properties’ monthly mailers. Each had weekly coupons for the Emerald Isle diner and my fave, Triple B at Rainbow. Now the weekly free meal is either/or, one coupon in one combined mailer for both properties and you can go to the diner or Triple B for breakfast at either place or dinner.

To me, it’s not that big a change. I never could use all my offers anyway.

True, some of those came from hitting some super 50x (+5%!) points on video reels 2-3 a.m. or just the 25x midnight-2 a.m. and 4 to 6 a.m. You won’t get super multipliers on 10/7 Double Double Bonus, but
I’ve played a lot of qualifying games at 101% or better.

I also want to give a shout out to locals that their monthly ticket giveaways are awesome! You earn points all month and put the tickets in the barrel; I’ve been there for giveaways and NO ONE SHOWS UP! They often have to call three, four, or more people to find a winner who’s present. And the prizes aren’t shabby — two tickets to Golden Knights games and all sorts of great concerts. I even saw them give away two tickets U2 at Sphere. That’s a $1,200-$1,500 prize. And on Mondays they have easy- peasey gift days, only 200 points.

Other things I like about Water Street in Old Henderson are all the funky cool shops and restaurants. Many of them take your points from Rainbow and Emerald Isle.

The third casino there, the Pass, gives out $10 in free play and there’s a Circa Sports outpost right by the door. While I’m at Rainbow and Emerald Island, it’s easy to place and cash my Circa bets.

So Deke, sorry, but you’ll have to edit me down again. I just can’t say enough about Rainbow and Emerald Island!

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With friends like this …

Desperation, thy name is Genting Group. In its panic to obtain a New York City casino license, the gaming giant has offered unilaterally to pay 67% of its slot winnings to New York State. That’s right, two thirds. This dramatically ups the ante for anybody else wanting a Big Apple casino, an expected annual levy of $1 billion with a capital “B.” Executives at Las Vegas Sands, Wynn Resorts, Bally’s Corp., MGM Resorts International, etc., etc., have to be scowling in the direction of Resorts World New York City right now and with good reason.

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Adios, Trump?; Cirque unplugged; Atlantic City whines

The legal woes of a certain failed—and evidently insolvent—casino owner who shall remain nameless have found their way to the Las Vegas Strip, where there’s scuttlebutt of white elephant Trump International Las Vegas being for sale. We’re not saying it wouldn’t find takers but it’s an awkward hotel play, being neither on nor off the Strip but awkwardly shoehorned into a small parcel behind where the New Frontier once stood. Maybe if Wynn Resorts ever moves to develop that site (and the conventional wisdom is that it won’t happen anytime soon) it will throw Trump LV a lifeline. In the meantime, its mediocre suite product and severe dearth of amenities are hardly selling points—although we’ve never seen bigger suite bathrooms. You could literally park a car in one.

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A Story from Treasure Island

Bob Dancer

I became interested in video poker in the early-to-mid 1990s, which turned out to be a very fortunate time to do this. Players were not so knowledgeable as they are today, but neither were slot directors or game manufacturers, which led to casinos offering much juicier games and promotions than are present today.

Treasure Island was built by Steve Wynn and opened in October, 1993. In addition to $1 9-7 Double Bonus progressives, they had ample $5 and $10 9/6 Jacks or Better (99.54%) games, along with one for $2, all with 0.67% cash back. (They might have had some bigger games, but $25 and higher games were so far beyond my comfort zone, I ignored what was there.) You could get RFB (a room, and unlimited food and beverage) for a very modest amount of $15,000 coin-in per day. Plus, they had monthly promotions where they gave away multiple hundreds of thousands of dollars on one Saturday night during the month for which you earned drawing tickets on Thursday, Friday, and Saturday playing a game where the player had the advantage.

It turned out that 9/6 Jacks or Better, along with Full Pay Deuces Wild and 10/7 Double Bonus, were the three games for which I initially worked out strategies that I was ready to publish in 1994. By late 1994, I had built my bankroll up to $20,000 or $30,000 and was ready to tackle this game of video poker. It was just a guess as to whether or not I had enough bankroll, but I figured I had about a 1% edge (including the drawings), and if I could just hold on at the beginning, and avoid expensive habits outside of gambling, I was pretty much guaranteed to increase my bankroll bigtime. I had spent 20 years or so playing backgammon for money and so was used to the swings of gambling.

I soon realized I played a more accurate Jacks or Better strategy than most of the other players. The strategies published by Dan Paymar and Lenny Frome were decent enough, but simplified. Jacks or Better is arguably the easiest game to play 100% accurately so I taught myself to do that.

Treasure Island also gave away tickets to the show Mystere. I don’t remember the exact exchange rate, but it was something like $4,000 coin-in gave you two free tickets daily. I didn’t want to be seen selling the tickets, so I sold them to a few non-players for $50 apiece who then stood in line every night and resold them for $100 or so. I probably did this 100 times (two tickets each time)— adding $10,000 to my bankroll. Eventually the non-players began getting questioned about “Where did you get those tickets?” and I decided it was time to shut down that form of extra revenue.

Shirley came into my life in late 1995, and we both started playing at Treasure Island. The Mirage had largely the same monthly promotions, usually on different weekends than Treasure Island did, so we played there too. The Golden Nugget’s version of this was to give the money away via a slot tournament — perhaps $40,000 cash given away to 200 players each month, which added up to $200 in equity per person. Add this to playing a positive game and RFB — it was a good deal. They had good games at the Rio as well.

Other casinos like Bally’s, Caesars Palace, Desert Inn, and MGM Grand had similar promotions but I largely avoided those in the mid-1990s. Later Venetian, New York New York and others joined as well. One event per weekend was enough. I was writing and teaching, and there were local casinos with good games during the week. Most of the big Strip events had dances on the night they gave away the money, and this was almost as important to us as the money itself. If we started double- and triple-booking promotions, we might earn more money, but it wouldn’t be as much fun.

The Las Vegas casinos competing with each other as to which one could give the players the best deal lasted well after the turn of the millennium. Although players eventually got stronger, so did casino management, with the net effect that not so many players percentagewise were beating the casinos as there used to be. The best players, however, continued to succeed.

It’s fun to think back to the “good old days” periodically, but it’s more useful to think on how to beat casinos today. It is still being done — but not in the same ways we did it a few decades ago. And I suspect the methods we’re using five and ten years from now will be different yet.

I don’t know how long this “ride” will last. For me, at age 77, it’s more difficult for me to keep up than it was 30 years ago so I may need to give up beating the casinos earlier than I would were I younger.

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Station praised; Smoke the bastards out

A chorus of hosannas arose from Wall Street this week, singing the praises of Station Casinos. First off was J.P. Morgan analyst Joseph Greff, who upped his 2024 and ’25 projections “on stronger than previously modeled Durango [Resort] property estimates.” His 1Q24 estimates for cash flow goes to $242 million, with $38 million coming just from Durango Resort—and at the cost of 6% cash-flow decline at other Station casinos. The growth just keeps on coming, with full-year cash flow in 2024 of $919 anticipated, followed by $942 million next year. Wall Street, on the whole, expects $883m and $926m, respectively. And that’s not even Greff’s best-case scenario.

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WRONG BETTING: A CRAPS PLAYER’S  GUIDE TO THE ‘DARK SIDE’

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.

AC says:

The focus of this article is betting the don’t side in craps, but the coverage also explains how the pass side works. The main takeaway is that betting the don’t side, even though most crap players bet the other way with the shooter, is usually the way to play with the lowest house edge. The chart clearly makes that point and is a good reference for finding the house edges on those bets. The article doesn’t cover prop bets, which have much higher house edges. Note that there are a couple of editing mistakes. In the fourth paragraph under “Don’t Pass,” it should state that pass bettors lose if the comeout roll is a 12. And in the third paragraph under “Don’t Place or Lay Bets,” the sentence should be completed with … $20 to win $10 against 4 or 10.

This article was written by John Grochowski in association with 888Casino.

WRONG BETTING: A CRAPS PLAYER’S  GUIDE TO THE ‘DARK SIDE’

For many players, the prospect of winning together is part of the fun in playing craps and most players bet with the shooter. But some players simply want the best odds for their money and in craps, that comes with betting opposite the shooter.

Wager including don’t pass, don’t come, lay bets, and don’t place bets are collectively known as the “Dark Side,” and those who make them sometimes are called “wrong” bettors as opposed to “right” bettors who bet with the shooter.

If anything, playing the Dark Side is easier for online casino players than for those who play craps at live casinos. Online craps players don’t have to endure taunts or glares from those betting the other way.

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Hockey Knights in Vegas Episode 75: Daddy’s Back! No, Not Ryan Reaves

Hockey Knights in Vegas is BACK!

Rumors of the demise of the defending Stanley Cup Champion Vegas Golden Knights are greatly exaggerated! As the wicked winds of the rumor swirled in every direction, the VGK decided it was time to quell the pseudo-critics, flip the switch, and show to the Pacific Division and the rest of the NHL that they would be a problem. 

More than just going 7-2-1 in their last 10 games, more than the emergence of their trade-deadline acquisitions,  the VGK are playing 100% to their identity. Chris and Eddie deep-dive into what’s different, what’s changed, whether there really is a switch, and where it may be located. 

After Eddie’s scathing criticism of Anthony Mantha in Episode 74, the big Frenchman wakes from sleeping-giant status and finds chemistry on a line with (who else?) William Karlsson and Pavel Dorofeyev. 

Episode 75 concludes with a fascinating debate on who the MVP of the VGK is. The boys want your opinion! 
Drop a vote and a comment! 

Are you Team Marchessault or Team Karlsson?

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Bally’s in chaos; Philly thrills & chills

Congratulations, Bally’s Corp. You’ve just closed the Tropicana Las Vegas and are prepared to replace it with … nothing. Whether it be Aztar Corp. or Columbia Sussex or Clairvest or Penn National or Bally’s, the LV Trop was a marketing riddle no one could solve. As we said on KNPR-FM last month, stepping into it in 1998 felt like going back two decades in time. The place was obviously untouched since the late Seventies and nothing really revived it, although Alex Yemenidjian certainly tried, for which we are grateful. (The Trop’s post-Yemenidjian look is seen above.)

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