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Does casino rate reflect comped value of room?

Discussion in 'Comps' started by Goosey, Sep 3, 2015.

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  1. Goosey

    Goosey Low-Roller

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    Casino rates fluctuate, but if I got an offer for 4 nights comped and 2 nights at casino rate, does it matter what the casino rate is in terms of working off the comp?
     
  2. shifter

    shifter Degenerate Gambler

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    comp rate is what matters in working off the comp.
     
  3. mephisto2000

    mephisto2000 Low-Roller

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    Can you estimate comp rate from the casino rate or discounted program rate or is it more of a fixed value that doesn't fluctuate as much? As example, I'd be interested to know how much the comp rate is for a Corner Suite at the Aria
     
  4. newmans

    newmans VIP Whale

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    Even though you have 2 nights comped, they would want you to cover the 2 comp nights before they comp any nights you paid for.

    example: the comp value of the room is $100. you have 2 comp nights and 2 nights you pay for.

    - you generate $600 in theo. 30% of that is $200. you only cover the 2 comp nights...........no additional comps

    - you generate $1300 in theo. 30% of that is $390. I think they will comp all 4 nights.

    Even though the casino is giving you an upfront comp for 2 nights, the expectation is that you cover that with your play.
     
  5. shifter

    shifter Degenerate Gambler

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    30% comp rate on theo is lowball.
     
  6. shifter

    shifter Degenerate Gambler

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    it is a fixed value ... until they change it.

    which these days more and more frequently they are raising all comp rates to "increase revenue".
     
  7. MidnightBJ

    MidnightBJ Low-Roller

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    A 1 BR Aria Sky Suite (not penthouse or strip view) has a comp value of $425. I would guess a corner suite to be less than that by at least $100. That comp value is the same any day of the week as Shifter mentioned. It is not higher for a Saturday vs Monday.
     
  8. shifter

    shifter Degenerate Gambler

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    there are some rooms that do have weekday special comp rates.

    even the Skylofts has a weekday special rate.

    the villas do not, however.
     
  9. Chuck2009x

    Chuck2009x VIP Whale

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    This is my guess as to how the rates work.

    Full Rack Rate: $100
    Publicly available discount rate (via a public offer code) of 20%: $80
    Casino Rate (every time I've been quoted a casino rate, it's been a 30 - 33% discount): $70

    On a fully comped night, the casino operation pays the hotel operation $70. The casino wants you to generate at least 3x that amount in theo to pay off the comp.

    On a night when you are offered a casino rate, that is a courtesy by the hotel to the casino; either no money is changing hands between the two entities, or at most, it should be the diff between the lowest publicly available rate ($80) and the casino rate ($70). So the expectation on that should be that you generate between nothing and 3x $10 in theo. Of course, those nights still count in the assessment of your overall play for a trip.

    On a night when you're getting casino rate, they know you're there, they figure they're going to get something off you. That's why poker players can get casino rate even though they don't really generate much revenue for the casino directly from playing poker.
     
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