20 February 2009
By Mark Pilarski
Dear Mark: My favorite slot to play is video keno. I've been playing them since their inception. I find I win more than a live keno game, besides, they don't offer a live game anymore where I play. Now, video keno is no longer available. I complained, and I was told they were no longer profitable. How can a slot machine not be profitable? Was I being told the straight story? Alice J.
To begin with, Alice, you are correct in your assessment that video keno is a better play than that of a live keno game. For a live keno game the medium house edge is 28%, whereas with video keno it is 7.5%. And although video keno does have better paytables for the player, even at 7.5%, it still should be an overall winner for the house.
I think what they meant, Alice, by no longer "profitable," is that all machines need to show reasonable results or their replacement is inevitable. A gaming machine's performance is measured by two factors: the amount of coins wagered daily ("coin in") and the amount collected daily by the casino ("win"). My guess is that the video keno machines' performance faltered, possibly due to lack of play, so the slot manager decided a change was needed in the slot mix. Out went video keno.
Another potential problem with video keno, at least in the slot manager's eyes, is that far too many players play just one coin at a time. Furthermore, the game itself takes longer to play than just yanking the handle of a slot machine. Tallied together, you're making smaller and fewer bets per hour on video keno than you would on a comparable reel slot machine, which also can make them overall less "profitable" for the casino.
Dear Mark: Great column last week on Spanish 21. I tried it for the first time this weekend, I liked it, and even won a little money. You forgot to mention it in your column, but the game also offers a pretty neat surrender feature when doubling down. You might want to pass that along to your readers. Tom S.
Yes, Tom, some of Spanish 21's player-friendly rules are doubling down on two or more cards, double downs up to four times after splits, and the "double down rescue" that I failed to cite.
If you happen get hit with a stiff (an undesirable card) on a double down and are not satisfied with it, you can double-down rescue (aka, surrender, forfeit or concede) part of the hand. Here the dealer takes the original bet and you retain the double portion of the wager.
For example, suppose you are dealt an 11 against a dealer's 9 and you choose to double down. You draw a 4, putting you on a 15 and on tenterhooks for a dealer bust. Double down rescue allows you to surrender your primary wager and keep the double down portion.
Dear Mark: If one is not a card counter and simply plays correct basic strategy, Is there any disadvantage to a table employing continuous shuffle machines? I do not like these units, but cannot come up with any concrete reason why they should put me at a disadvantage versus dealing from a shoe. Cliff M.
I've written time and again on this subject, Cliff. Possibly you missed it, but the "concrete reason" is that continuous shufflers hurt all players because the dealer never stops to shuffle, meaning, you'll see an increased number of hands dealt per hour, yielding a richer opportunity for the built-in casino advantage to work against your wallet.
Gambling Wisdom of the Week:
"It's (gambling's) fun, exciting, it only sucks when you lose." --Charles Barkley
Source: http://www.casinocitytimes.com/news/article.cfm?contentID=177124
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Honest answer, yes, but here's the explanation why
Thunder Valley Fires Top Managers
10 February 2009
LINCOLN, California As reported by the Sacramento Business Journal: "The top managers of Thunder Valley Casino were fired and the casino's general manager, Scott Garawitz, was placed on administrative leave.
"The decision was made by the United Auburn Community Tribal Council. The Auburn tribe owns the free online casino and it was the employer of the four executives, the tribe announced Tuesday.
"Day-to-day management of the uk casino will be taken over by Las Vegas-based Station Casinos, the management company that has operated the casino for the tribe during construction and the opening of the casino in June 2003. Station Casinos has a management contract with the Auburn Tribe through June 2010.
"'For the customers' perspective, there will be no noticeable changes,' said Doug Elmets, spokesman for the tribe. 'The effects of the current economic downturn and the reassessment of the scope of the Thunder Valley expansion project created the need to engage a seasoned team of managers who have dealt with similar challenges.'
If you get injured or have to have surgery or get ill and can't work and cannot return by twelve weeks of fmla..they will FIRE you. But...they will Lie and say you voluntarily quit. Main point is that Thunder casinos Valley is very brutally dishonest. The managers are all kiss ass to the head in command, thinking they will keep their jobs...only to find out they aren't special either. they don't care about their staff..
since all the drawings it is so hard to hit on the slots, can't play for more than a few minutes. We have been going for years and it used to be fun to play. Now the money is gone so fast its not fun anymore. If we wanted drawings or raffles we would go to internet bingo where the odds are better. We are going to Reno in future. Nice casino, but such money hungry machines.
"...Station Casinos is facing possible bankruptcy as it is struggling with outstanding debt that has come due as company struggles to find new financing. The existing lender is unable or unwilling to negotiate. Station missed an interest payment this month on $450 million in outstanding notes. That starts a 30-day grace period, which ends March 3, that could trigger the company to file for Chapter 11 bankruptcy reorganization..."
Kansas Not Finding Ant Takers For SE Casino Gambling License
Where the state of Kansas goes from here in regards to their online gambling contracts is anyone's guess. One thing that is certain is today, another deadline had to be extended in the Southeast zone because there were no applicants.
5:00 PM on Wednesday was the deadline that was set for applicants to submit proposals to run a state owned casino in Southeast Kansas. At that time, with no applicants, the state had no choice but to extend the deadline to April 21st.
The Kansas Lottery Commission has its hands full with this zone in particular. Of the four zones in the state where casino licenses are up for grabs, the Southeast zone is the one with existing casino competition.
Penn National had originally won the rights to the free casino but later pulled out of the commitment because they felt their product could not compete with a neighboring tribal casino. The competition is one problem, the other is the amount of money that must be paid to the state.
Just for the right to operate the casino game an applicant must pay an up front fee to the state of $25 million. They then must make a large financial commitment to how much they will spend to bring the casino to fruition.
The state has not budged on their casino "privilege" fee, and if they continue to insist on that number, there is a strong possibility that the casinos may never become reality. With the economy down, no casino operator has been willing to pay that kind of fee up front.
There is no limit to the amount of times the state may delay the deadline for applications, but the next time it happened in April it will have to be done by the Kansas Lottery Commission.
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