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MGM, Caesars and Red Rock Revenues Rise as Vegas Casino Sector Thrives

09/11/2016 02:02
The strength of the casino market on the Strip is brightening up financial reports, as are domestic markets in general. (Image: Gavin Hellier / Getty Images) A booming Las Vegas Strip helped Nevada’s casino giants to a positive Q3, as MGM Resorts International, Caesars Entertainment Corp and...

Hard Rock Casinos Looks to Rock ‘N’ Roll Into Japan

09/11/2016 02:01
Rock ‘n’ roll was cultivated in the United States, but Hard Rock is hoping to take its casino act to Japan. (Image: Chris Harris/thetimes.co.uk) Hard Rock Café International Inc. is the latest casino company in the United States to set its sights on Japan. The privately owned Florida-based...

Downtown Grand names 4 new executives

21/09/2016 11:38
    A view of the lobby following an official opening ceremony for the Downtown Grand in downtown Las Vegas Tuesday, Nov. 12, 2013.   The Downtown Grand has a slate of new executives. Management announced today that Marie Ramsey was hired as chief financial...

California Indian Tribe to Test Online Poker Laws in Opening Website

17/09/2016 18:41
    Instead of waiting for the California General Assembly to enact regulations for online poker in the state, an Indian tribe in the state has taken the bold step of opening up their own online poker room that will test several state and federal laws. Late last week, the...

BetOnSoft rebrands to Saucify

17/09/2016 17:36
  LONDON -- (PRESS RELEASE) -- Cutting-edge casino games provider BetOnSoft today announces that it has rebranded to Saucify. The new brand name is evocative of adding sauce to a dish to make it more exciting and flavorsome, exactly what Saucify has been doing for the past eight years in the...

IGT-GTECH deal called plus for industry

17/09/2016 17:34
    LAS VEGAS -- IGT - International Game Technology’s $6.4 billion buyout at the hands of lottery giant GTECH Corporation was all about timing. After years without consolidation of the manufacturing side of the gaming industry, the deal between Italy-based GTECH and Nevada-based...

Card Player Poker Tour to make stop at Bicycle Casino in Southern California

10/09/2016 17:33
  (PRESS RELEASE) -- Card Player Media has announced that he next exciting stop on the Card Player Poker Tour will take place at the Bicycle Casino in Bell Gardens, California with a nine-tournament series beginning September 21. The highlight of the series will be the $1,000 no-limit...

 

1 ALWAYS INSERT YOUR SLOT CLUB CARD
Using your card can increase the payback of the machine you are playing by as much as one percent. It just takes a few minutes to join a slot club and there is no down side. It also qualifies you to get rated, which translates to free comps at hotels, like free shows, dining, and even hotel rooms. Do this before you risk any money in the casino.

2.) PLAY ONLY WHAT YOUR BANKROLL CAN HANDLE
You will need to have an estimate of the cost per hour a machine will take. This depends on the type of machine, payout rate, and how you bet. The following examples are based on an average of 8 spins per minute and a 90% payout rate.
- Nickel Machine 2 coins:$5/hour 3 coins:$7/hour 5 coins:$12 hour
- Quarter Machine 2 coins:$24/hour 3 coins:$36/hr 5 coins:$60/hour
- Dollar Machine 2 coins:$96/hour 3 coins:$144/hr 5 coins:$240/hour

You then need to decide on the number of hours you will play over the course of your entire stay. If you start with a bankroll of $600 and plan to play an average of five hours a day for three days, then that comes to 15 playing hours. When you divide $600 by 15 it comes to $40 per hour. In order to stay within this budget you should not playing anything over a 3 coin quarter machine (e.g., $36/hour).

3.) BE CERTAIN YOU GET WHAT YOU PAY FOR
Slot machines are like any machine and get wear and tear. They can also malfunction. One of the best ways to protect yourself against a malfunction is to observe the glass payout schedule and the paylines as you insert each coin to be sure the correct sections light, up, showing that they are properly activated. If you hit a winning combination that does not pay because only two of your three coins registered, you are out of luck. If one of your coins does not register, be sure to contact an attendant or press the change button and wait for someone to arrive. Don't spin the reels until the problem is fixed.

4.) ONLY PLAY ONE MACHINE AT A TIME
Casino managers know that some people like to play two side-by-side slots at the same time, so they always put a loose machines with the tight one on both sides:
(loose machine)<->(tight machine)<->(loose machine)
At best, you will win from a loose machine only to lose your winnings to a tight on, or you will lose to two tight machines. Every casino has far fewer loose machines than tight one and they never place them together.

5.) NEVER PLAY NEXT TO SOMEONE WHO IS WINNING
If the winner's slow is loose, the machines on either side will be tight. You might consider waiting for the winner to leave and then playing the same potentially loose machine.

6.) STAY WITH A HOT MACHINE
Don't leave a machine that just paid a big jackpot. It may be a hot machine that could continue to pay out nicely. Don't abandon the machine unless it has not paid anything for 5 or 6 consecutive spins.

7.) OBSERVE OTHER PLAYERS WHO ARE WINNING
Watch players who are hitting jackpots and winning regularly and keep and eye and ear out for sudden big winners. Many times, big winners cash in and leave their machine while it is still hot. If you see that happen and you are on a cold machine, move over to the hot machine and give it a try. Many slot players think a machine will turn cold after a big payout, so they leave. The truth is that it is more likely to still be in a hot cycle.

8.) ABANDON A COLD MACHINE
If after six spins the machine has paid very little, abandon it. Don't throw good money after bad. If the machine next to it is available, move over and try the new machine that may be loose. Remember, tight and loose machines are usually next to each other.

9.) NEVER LEAVE A MACHINE THAT OWES YOU MONEY
Sometimes when you hit a big jackpot, an attendant has to make the payoff, or you may run into a situation where the machine runs out of coins. Stay with the machine no matter how long it takes to get the attendant to arrive. Occasionally a machine malfunctions and you can't redeem your credits, or the bill acceptor gets hung and eats your dollars without give you credits. Stay with the machine. If you leave the machine to get an attendant you will have trouble claiming what is rightfully yours.

10.) REMEMBER TO PRESS THE CASH OUT BUTTON
Most slot machines accumulate credits as you play, and you must press the CASH OUT button in order to convert the credits into actual coins. Even if you have just won a hand-paid jackpot, before leaving the machine be sure to press the CASH OUT button and be sure the credit meter reads zero. If it doesn't , call an attendant because the machine may need a hopper fill, or the coin mechanism may be jammed. On cash ticket machines, always check the ticket slot. If you are distracted when you leave your machine and forget to cash out or retrieve the ticket, someone else will get to enjoy your winnings.

REMEMBER THE MOST IMPORTANT RULE: QUIT WHEN YOU ARE AHEAD AND NEVER QUIT DURING A WINNING STREAK.