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Slots Cosmopolitan - Daily Slot Tournaments

Discussion in 'Slots' started by Cosmopolitan_SlotVP, Apr 12, 2016.

  1. Cosmopolitan_SlotVP

    Cosmopolitan_SlotVP Cosmopolitan Rep

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    Greetings Everyone,

    If we (Cosmopolitan) were to start to run daily slot tournaments, what is the most important thing you look for as players?

    Top prize, how many places are paid, ease and/or difficulty of earning entry(s), etc...?

    I appreciate the feedback as I continue to consider this for our casino.

    -KS
     
  2. NickyJ

    NickyJ Tourist

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    Hi Kevin -

    I recently participated in the V/P daily slot tournament. Grazie's current Daily 7s tournament awards $2,050 among the top 10 players. Top prize is $1,000. I forget the total amount, but their previous PayDay daily tournament had a top prize of $500 and prizes for the top 100 players. Even if the top amount is lower, I like having more places being paid rather than fewer. For instance, one day I played when there was a $25,000 slot tournament going on. There were, as expected, more players participating in the daily tournament too, reducing the chance of placing in the top ten.

    The PayDay tournament had 5 minute qualifying rounds and a 10 minute final round. I think 3 minute rounds are long enough, especially if you play your rounds back to back. The PayDay tournaments and the Red Card daily tournaments I've played in required you to be at the casino at a certain time to play. I much prefer having the ability to play the rounds at my convenience.

    The buffet passes given by Red Card are a nice tournament perk, which Identity of course has the ability to offer too.

    As a regular slot player, I like the ability to earn multiple entries a day and prefer a slightly higher amount to earn entries, although this may be at odds with your goal of generating new players.

    The Grazie tournament rules state you need to use any slot credit won within 30 days. Not a biggie, but for those who come to Vegas a few times a year, just not within 30 days, a longer time to use the credits could allow players to participate in the tournament on the day of departure, but leaving before any prizes are credited to the accounts.
     
  3. Flowers

    Flowers VIP Whale

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    I haven't played in the Grazie tournaments but am a regular at the Encore Tournaments, which have session prizes and then the daily prize. I like the combo because at least you have a shot at something though I know it is probably easier to have people come and play at any time during a given period and then have the top 10 or 20 prizes for the day. I like like the idea of at least 10 prizes, depending on the threshold for participation. A daily tournament where the entry requirement is low and hundreds of people could play is not worth it to me because the chance of winning something is low, unless the prizes are really nice and/or their some other benefit, like a complimentary buffet or two. I have done the Encore tournament at least a dozen times over the course of three trips and have never one a prize but earning two comped buffets was a nice bonus and made it worth it to me to do at least 500 points to qualify.
    I guess it depends what your goal is. Are you trying to get more people into the casino, have the ones that come in play longer (so earn more points than they otherwise would in order to qualify), get more business for the buffet, etc?
     
  4. Chuck2009x

    Chuck2009x VIP Whale

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    If entry is based on play rather than cash, I'd want to walk away with at least some freeplay, like 1% of the coin in threshold. If that was the set up, I wouldn't really care that much about the rest of the prize structure.

    I'm guessing it's harder to have a guaranteed minimum prize for a daily tournament though.
     
  5. BreakEven

    BreakEven Low-Roller

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    I'd be most interested in the payout structure.

    # of places that are paid
    max # of players in each tournament
    payout values for all places

    That would help me determine if it was worth my time to participate. For one person, they might not be motivated by anything less than a guarantee of several hundred $$ worth of FP, while others would still participate even if the lowest payout value was $25.

    The timing of the tournaments would also be important to me. The earlier it is, the greater the size of the prize needed to get me out of bed :)

    If it requires that the user earn entries into the tourney, please make sure that's easily available via the identity account info visible at most machines. Shouldn't require a trip the the Identity desk just to verify whether or not they've qualified. (Maybe this is what the Virtual Drawing Manager feature is?)
     
    Only 2nd trip for year :(
  6. chantellevegas

    chantellevegas Low-Roller

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    Im a big fan of the NYNY daily slot tournament. Its run from something like 10am-4pm on the hour and you need to earn 500 points for one entry. Top prize is $500 freeplay (cash could be better), 5 places for prizes with lowest placer being $25 in freeplay. I think they run about 10 people per session.

    Running a daily tournament every day would be nice, not just mon-thurs. Its a good way to keep slot players in your casino who want to play several rounds and try to win or keep their 1st place until the end.
     
  7. sammowhammo

    sammowhammo VIP Whale

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    Most important - not too early in the morning, anything before 10 am is cruel!
    Y'all used to have a smallish daily tourny that was nice for new players - as I recall all a person had to do was sign up or show up for a 3 minute button pushing fest. The prizes were small - something like $25, $50 & $100 in FP to places 1-3 respectively I think it ran 3 times in a morning.
    For the new tourney - I guess it depends what your goal is for the casino. The better odds of winning something the more likely I am going to stay at that particular casino (the payout is not so important).
     
  8. Candydave

    Candydave mid-roller

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    I really like the way the daily tournament is done at the Wynn. You have to earn 500 points to enter and everyone who makes it into the tournament gets two free buffets daily. By requiring at least 500 points, it cuts down on the entries and giving you a better chance at winning.
     
  9. leo21

    leo21 VIP Whale

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    Look at the way MSS offers theirs. You pay a buy-in but all that money goes to prizes. And it's structured so that you if you qualify, you don't have to wait forever to play a final round. I like the actual session style of tourney. I've done a few where it's a rolling kind of thing where you just play on your own and that's not fun.
     
  10. Check-Raise

    Check-Raise Low-Roller

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    As a participant I would be focused on the top prize payouts. If I can win $1000 in freeplay just for participating in something free, I don't care if I have a 1 in 200 chance, I'll go for it. If the top prize were like $100 in freeplay and I had a 1 in 50 chance I'd probably be less likely to bite.

    I do think mode of entry would play a big role in my perception of the tournament. If you have to earn a certain number of identity points to participate then it would feel like an actual reward or tournament whereas if anyone who signs up from off the street by 10:00am can play it would feel more like a sideshow not worth my time.

    Just my $0.02
     
  11. spdandpwr

    spdandpwr Low-Roller

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    Is there any way to get more information on this? I'm considering forgoing my stay at the Venetian for Cosmo. And info on this would help. Any way to find out what times the tournaments are? I've never participated in one but would love to try. Thanks in advance!
     
  12. donovanrs28

    donovanrs28 Low-Roller

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    Just curious, have you contacted Kevin to see about matching your Venetian offer? Him and his team have been doing a great job with matching offers lately. I personally switched from V/P to Cosmo for my upcoming trip.
     
  13. nostresshere

    nostresshere Mr. Anti Debit Card

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    Dear Spdandpwr: the OP is asking about what they might offer. There is not deal right now, so no details.
     
  14. nostresshere

    nostresshere Mr. Anti Debit Card

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    For the life of me, I do not understand why many touraments offer CASH vs Freeplay. If I win $2000 in cash, I have to file a form for it. If I get $2000 in Freeplay, I only report if I win. This of course assumes the winner is a gambler and will be betting that sort of money anyways. I would much rather put $2000 in FP into the machine than $2k of cash that I already had to report.

    Other than that:
    Have a fair number of prizes vs just a few big winners.
    Never have those weird deals where #50 gets a big prize and #100 gets a big prize - the player just before or after gets way less. Keep it simple.Total the score and top players win.
     
  15. spdandpwr

    spdandpwr Low-Roller

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    Yea, sorry about that. I'm one of those people that hates opening threads if I don't need to. Hence, if there is a topic that is remotely tangential to what I need to know, I pose the question there.

    Yea, I heard. Cosmo has been pretty aggressive with it -- it leaves me impressed. And, I am a big fan of their loyalty program's structure. That said, I haven't determined my bank roll for this trip so I don't want to have him match the offer only to find that I didn't meet expectations.