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Hard Rock Downgrade

Discussion in 'Comps' started by Don the Dentist, Jan 23, 2015.

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  1. Don the Dentist

    Don the Dentist Tourist

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    Effective 1/22/15, the coin-in on video poker was increased from $2 = 1 point to $4 = 1 point, for a measly .025% base free play rate.

    The Hard Rock is simply not competitive with other off-strip locations with this super-low rate.

    For example, South Point is .3%, the Coast Casinos are .3% with an Emerald card and .2% & .1% at the other levels. Rampart is .25% with double points at least once a week raising it to .5%. Palms is .25% with gift cards or free play during the week adding another .2%. All the casinos mentioned here have better (higher EV) games as well.

    Don the Dentist
     
  2. Piggylane

    Piggylane Well-Known Member

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    Once several years ago I drove there but had a few too many and had to take a cab back to whatever hotel I was staying at. The next day I looked in my wallet and there were quite a few slot tickets and not so many bills. That's happened too many times. However, several of them were over a $1000! I remember cashing out almost $6000 but I probably brought less than $500. I got many free room offers and free play after that but never stayed there.

    Since that time I've never won there again, not at slots nor tables. I love the vibe of the place and the music but my one night once in a decade win streak is over and I'm sure they're ahead.

    They've been bought, sold, in, out of bankruptcy and will probably cycle through once again. Poor management, wrong crowd, great concert venue though.

    Cutting back on comps is a sign of financial distress, as in CET's case. At some point if they haven't already they'll downgrade the VP tables and reprogram the slots to pay less, thinking it will give them more cash flow. It will just drive customers away.

    I think there are underlying issues with the economy (look up the collapse in lumber and copper prices) that portend bigger issues and the smaller properties are the first ones to suffer. This may be partial confirmation.

    Thanks for the info. Getting back to LV on 3/1. No plans for HR.
     
  3. smartone

    smartone VIP Whale

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    Bummer! They do have a couple days a week where they offer 7x points on VP and 20x points on slots and the pay-tables on bar-tops are still far better than the Strip, but as primarily a VP player I'm bummed about the downgrade. Of course, they still offer 10x points for any non-gaming dollar spent on property (room, restaurants, clubs, etc.) which is where most of my points come from.

    As an aside, my W/L statement at the HRH from '14 shows I ran $180K coin-in, again primarily VP, and showed a $440 loss with no jackpots. Classic "entertainment".

    Note: They haven't changed their website... yet... the full pay (Optimum) machines have been at $4 for 1 point for long time.
     
    Last edited: Jan 25, 2015
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