Discussion in 'Comps' started by Jaydog98, Jun 15, 2021.
Now that the new Wynn rewards has been out, do you feel it beats Cosmo’s identity rewards program?
Overall, Wynn Rewards is the pound-for-pound champ on the Strip, and possibly in the entire Vegas valley.
This is subjective, though, and it depends primarily on...
how often you visit Vegas
from where you are traveling
what you play in the casino
A drive-market customer who goes to Vegas once every 6-8 weeks (let's call it 20 gaming days per calendar year, with each stay being 2-4 nights) and plays nothing but slots for $3k coin-in per day is probably going to get more out of being Identity Gold than they would out of being Wynn Platinum. At the Gold and Platinum tiers, Identity offers more than anyone in Vegas when it comes to tangible hospitality-based tier benefits that can be used during every single trip.
Now let's look at a 100% video poker player -- one who averages $12k of daily coin-in playing multi-play 6/5 BP (I'll leave the number of hands, denom, and hours played per day to your imagination) but is a fly-market customer who visits three times per year for exactly 3 nights each time. That guest would get more value out of Wynn Rewards Platinum-- especially if it is possible to time a trip to include a Master Class and/or be during one's birthday month. This same player would fall just short of making/maintaining Identity Gold at Cosmo without the aid of a bit of out-of-pocket resort spend. Also, the self-spendable buckets wouldn't be as full at Cosmo as they would be at the Wynn.
Really... it depends.
IMHO, and for me, no. At Wynn there is NO WAY to earn points other than gambling. At Cosmopolitan, you can earn points through spend.
This applies only to making level. Since offers are earned primarily through gambling, I'll let @JulianC provide that analysis.
For this thread, I'm not even going to touch gaming offers. The contents of gaming offers are not influenced by tier at all. The most I'll say about tier being connected to offers is that I have heard (on VMB) that higher tier at Cosmo means that you will more frequently receive gaming offers if you do not stay there all that often.
This plays perfectly into "what you play in the casino" -- which means both which games and total money wagered. I had difficulty putting in something like "out-of-pocket spend" as another factor because of the lack of an apples-to-apples comparison without involving factors outside of the loyalty programs themselves. Cosmo caters more to the drive-market, frequently-visiting, hospitality-heavy guest (who might dabble in a bit of slot play) than does Wynn.
Of the few places in the Vegas valley that give guests self-spendable credits of some kind based on out-of-pocket resort spend, nobody comes anywhere close to the 5% spend value back that Cosmo provides. Caesars is now effectively 0.5% back (due to an increasing number of outlets requiring 200 RCs per $0.01 of redemption value). I almost wanted to count all gaming properties in the Vegas valley owned by Golden Entertainment (Strat, Arizona Charlie's, etc.), since they also give 5% of spend back in the form of point value. However, both the spend and the redemption to get to 5% spent value back would need to be bar/restaurant spend. I'm also not going to count the use of a branded credit card (Mlife, Caesars, Station Casinos, mychoice) to earn self-spendable credits since that would be out of scope for this discussion.
Also -- a great time to point out that any comparison of the earning of points between any two properties/companies is only valid (IMHO) if one breaks it down to show the value of those points as a percentage of either theo or out-of-pocket resort spend.
200 for $1, or 200 for $.01? I thought each RC is worth a penny (not counting the 2:1 or 3:1). Did I totally misunderstand that?
I believe he meant 200 RC for $1.00. You are correct that each RC is a penny (at 1 to 1 eateries)
Okay, just checking. I've earned some RCs from random play around CET, but never actually redeemed them. For a second I thought I had really misunderstood the program.
Unless they have changed it since I was last there a couple weeks ago, you are understanding it correctly
Thanks for the correction. (Long day, and tomorrow will be longer.) 200 RCs for $1 (or 2 RCs for $0.01) at some places that are not Caesars-owned.
The great thing about Wynn is that there are only three restaurants at the property that are not Wynn-owned -- and the inability to use comps at them is clearly spelled out in the literature for Wynn Rewards.
Come on, you make like 50 posts a day with in depth statistical analysis of various rewards programs and you make one innocent mistake (which was probably obvious to anyone less dense than me). How dare you, sir! How dare you!
If front end comp at Cosmo is earned at ~ 5% and CET ~ 1% what is the rough number for Wynn?
I'm wondering if a comp dollar would go as far at Wynn? Do they have many low/mid priced (for LV) restaurants.
There isn’t much of anything that is low/mid priced at Wynn. Even their more affordable options are pretty expensive but generally speaking they are also fantastic so there is value there. As one of my more frugal friends puts it “That place is higher than giraffe p***y”
It depends on your definition of low/mid priced. The other day in a different Wynn thread I listed the handful of casual restaurants. At those, you're likely to spend twenty to thirty bucks on a meal. So its not the CP or MGM Grand food courts, but its not crazy either
My not so much educated guess is that Wynn is better for table players but Cosmo still better for slots players.
Let's look at what you get back from $5k of slot coin-in, with the hold being 10 percent.
1k points, worth $10 of slot free play
if the tier is Platinum, 20% more points (1200 points, worth $12 of free play)
if the tier is Black, 30% more points (1300 points, worth $13 of free play)
$25 in comp dollars
2k points, worth $20 (free play or resort spend)
if the tier is Sterling or Gold, double the points (4k pts / $40)
if the tier is Platinum, triple the points (6k pts / $60)
MGM (non-specialty slots)
1666 points, worth $16.66 (slot free play or Express Comps)
$13.88 in Express Comps
Pearl tier -- add 10% to the Sapphire numbers (1833 pts / $18.33 / $15.27)
Gold tier -- add 20% to the Sapphire numbers (2k pts / $20 / $16.66)
Platinum tier -- add 30% to the Sapphire numbers (2166 pts / $21.66 / $18.05)
Noir tier -- add 40% to the Sapphire numbers (2333 pts / $23.33 / $19.44)
1k RCs, worth $5 (free play or resort spend; $10 if spent at most Caesars-owned retail/dining outlets)
Do things really cost 3-4 times as much at Wynn compared to Caesars properties?
This comparison also shows how, for the slot player, the middle tiers with Cosmo (Identity) edge out the middle tier at Wynn when it comes to self-spendable credits.
In terms of the earning of self-spendable credits for table players, Wynn trounces the rest of the Strip. Cosmo trounces the competition for the slot player who is at least most of the way to Identity Gold.
Interesting. So as a low platinum with MLife, it's pretty much parity with Wynn Platinum and Cosmo Gold. all around $40 in combined value.
Certainly true for self spendable comps.
Also for marketing offers and backend comps, from what I heard, Cosmo beats Wynn by a lot., at least for those mid range players (not every player at Wynn is like our @Flowers)
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