zoobrew
zoobrew
Joined: Jan 12, 2015
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January 23rd, 2015 at 7:32:58 AM permalink
When I gambled at Caesars Windsor in recent years, when the CAD was roughly equal to the USD, $5 CAD got you 1 TC & RC and in the USA those Canadian earned RCs equaled 1 USD. Now that 1 USD is exchanged for 1.21 CAD, do they still use the same 1 for 1 ratio? Does anyone have any current knowledge or prior knowledge of the old days of USD strength, assuming Caesars owned Windsor then and used RCs. If I am looking at it correctly my USD is earning an extra 20% in comp value. Earning Diamond requires coin-in of 75,000 dollars (assuming no bonus), at Windsor with the exchange rate it would only require 62,000 UDS dollars. Note this is recreational gambling.
coilman
coilman
Joined: Jan 29, 2012
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January 23rd, 2015 at 9:26:57 AM permalink
One has to ask the REAL QUESTION here and that is what is the AVERAGE payoff on machines in Windsor compared to other Caesars properties ?

IF those penny machines are paying back at 85% compared to 92% elsewhere how does that effect what my expected cost to obtain Diamond status.

good luck finding the payback average in Ontario

https://www.canlii.org/en/on/onipc/doc/2000/2000canlii20931/2000canlii20931.html?searchUrlHash=AAAAAQAUY2FzaW5vIHdpbmRzb3Igc2xvdHMAAAAAAQ
ZenMasterFlash
ZenMasterFlash
Joined: Aug 9, 2015
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August 12th, 2015 at 11:38:02 AM permalink
U.S.$ is at .75$CA
Long Ago I Learned that All of Life is 6 to 5 Against"
coilman
coilman
Joined: Jan 29, 2012
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August 12th, 2015 at 11:52:45 AM permalink
The exchange machines located on the casino floor were giving 27 cents on the dollar the other day

$100 US gets you $127 Canadian to gamble with , or dine with or drink
beachbumbabs
Administrator
beachbumbabs
Joined: May 21, 2013
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August 12th, 2015 at 11:53:49 AM permalink
Quote: ZenMasterFlash

U.S.$ is at .75$CA



Yeesh. Why is Canadian currency dropping so hard?
If the House lost every hand, they wouldn't deal the game.
zoobrew
zoobrew
Joined: Jan 12, 2015
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August 12th, 2015 at 12:09:36 PM permalink
Quote: beachbumbabs

Yeesh. Why is Canadian currency dropping so hard?



The Canadian currency is tied to commodity prices, especially oil, and since it has tanked so has the loonie. Also Canada's economy is heading back into a recession and just last month the Bank of Canada lowered interest rates. The Mexican Peso is also sinking, which I hope will lower the cost of a Cancun vacation in the future.
teddys
teddys
Joined: Nov 14, 2009
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August 12th, 2015 at 2:13:14 PM permalink
Quote: ZenMasterFlash

U.S.$ is at .75$CA

It's actually $0.77.

$127 CAD for $100 U.S. is a very fair deal. Good for Caesars Windsor -- most banks won't even give you that rate. And that's not even considering commissions/fees.

The question is what are they charging to change it back? Fair value based on the USD->CDN rate would be $78.75 USD per $100 CAD. I doubt they are giving that.
"Dice, verily, are armed with goads and driving-hooks, deceiving and tormenting, causing grievous woe." -Rig Veda 10.34.4
FleaStiff
FleaStiff
Joined: Oct 19, 2009
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March 22nd, 2018 at 2:19:43 AM permalink
Union just authorized a strike at this property. Last strike was 2004.

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