M Resort is running a $500 rebate-on-loss deal for new club members.
Both out-of-state and local players are eligible, but the redemption rules make it difficult for visitors. Here’s how it works.
Go to the M and sign up for the club. Once enrolled, find your favorite slot or video poker machine and play away (with card inserted). If you get lucky and win, the money is yours to keep. If you lose, the M will give you back the loss in free-play. You don’t get the reimbursement all at once. The rebates are distributed in two “bounce-back” offers sent via email “within 14 business days from the first visit.” The rebate applies only to losses on the day you join. As far as we can tell, there’s no restriction on machines you can play, either during the initial play or with the free-play.
For table-game players there’s a separate deal. Give your new card to a floorman and play for one hour at any limit and you’ll get a $25 meal comp. This is nowhere near as strong as the machine option, but it’s not bad and you can we saw nothing that suggest you can’t do both bonuses (there’s nothing in the rules and staff didn’t have an answer). The promo material references July specifically to play, but we’ve heard that the offer will be ongoing as of now.
The power in this promotion is in the free-roll for a chance at a big hit. How big is up to you. If you get ahead by any amount that feels good, cash out. But shooting higher – say walk with at least $500 or lose it all – is a better way to play. When you get the rebates, you’ll have to play them through once. So you could lose a little. Overall, though, you figure to come out way ahead on this arrangement.
This is also a heck of a play from an entertainment standpoint. Most casual gamblers aren’t able to play at levels where they might lose $500 in a session, so this is something of a hall pass for bigger play. If you normally play quarters, go ahead and fire at 50¢ or $1. Remember, this isn’t a play-$500-get-$500 deal. You have to lose $500 to get the entire rebate, so you’re gonna get some play. And if fortune is smiling and you hit some smaller jackpots, or a big one, then that’s the best scenario of all.
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If we were a players club member before Penn Gaming bought the property, will we be able to participate?
Unlikely. Almost always the databases remain after a change of ownership, so you’ll still be considered an existing member. This is a major negative of these programs — their current customers don’t get to participate. Never understood that. Seems like they should have a second offer, maybe a $100 rebate, for current members.
Is this an up to $500.00 rebate or do you have to lose the entire $500.00?
It’s up to $500, so you can stop at $50, $100, or whatever you like. But remember that the power is in the rebate. So if you can afford to go a couple weeks without $500, that should be your loss target. Also, they’ll round it down to $50 increments. For example, if you lose $220, you’ll get only $200 back in FP. Try to cash on increments of $100, 150, $200, etc.
Can anyone elaborate on this deal? Does every member of your group have to be present to obtain the rebate portion? My aunt lives in florida so its not practical for her to fly to vegas twice in 2 weeks.
This rebate has been discontinued, so it’s moot. But here and with most similar deals, everyone who does it has a to manage their own account. That’s why the structuring of the deal — especially the redemption rules — is important to consider.