Paigowdan
Paigowdan
  • Threads: 115
  • Posts: 5692
Joined: Apr 28, 2010
April 27th, 2016 at 11:30:44 AM permalink
Quote: panda1314

I vaguely recall somewhere paigowdan said double blackjack is hanging there at GVR. How could GVR afford to pay Paigowdan and not getting the desired returns? $599 to $999 a month? How long could this last?


1. They're not paying license fees to me or Al. A standard practice (and often a requirement by Gaming for a field trial) is that the introduction house or field trial house gets the game for free, at least for an extended period if not permanently.
2. A good casino came drops $100,000 a month. So, $499 (a typical price from an indy inventor) is 0.005 of the total action, and 0.02 of the actual hold, assuming a hold of 25%. Major distributors can charge $1,500 for a felt only on a proprietary game.
3. For a hot game, the question becomes, "How can they afford not to install it?" But the game has to be a winner.
Beware of all enterprises that require new clothes - Henry David Thoreau. Like Dealers' uniforms - Dan.
beachbumbabs
beachbumbabs
  • Threads: 100
  • Posts: 14265
Joined: May 21, 2013
April 27th, 2016 at 11:48:23 AM permalink
Quote: Paigowdan

1. They're not paying license fees to me or Al. A standard practice (and often a requirement by Gaming for a field trial) is that the introduction house or field trial house gets the game for free, at least for an extended period if not permanently.
2. A good casino came drops $100,000 a month. So, $499 (a typical price from an indy inventor) is 0.005 of the total action, and 0.02 of the actual hold, assuming a hold of 25%. Major distributors can charge $1,500 for a felt only on a proprietary game.
3. For a hot game, the question becomes, "How can they afford not to install it?" But the game has to be a winner.



2. is too much of a generalization. Very dependent on the casino, their expectation, and their per table earnings.
If the House lost every hand, they wouldn't deal the game.
Paigowdan
Paigowdan
  • Threads: 115
  • Posts: 5692
Joined: Apr 28, 2010
April 27th, 2016 at 11:53:50 AM permalink
It is a typical drop amount.
In reviewing Missouri table games data from a slew of casinos ("average Joe joints"), this is actually near the low side.
In any case it illustrates the point that a license fee of several hundred dollars is no big hit for the operator, especially on a busy game.
Beware of all enterprises that require new clothes - Henry David Thoreau. Like Dealers' uniforms - Dan.
RoyalBJ
RoyalBJ
  • Threads: 33
  • Posts: 260
Joined: Jul 18, 2011
April 30th, 2016 at 9:50:44 PM permalink
Quote: Paigowdan

2. A good casino came drops $100,000 a month. So, $499 (a typical price from an indy inventor) is 0.005 of the total action, and 0.02 of the actual hold, assuming a hold of 25%. Major distributors can charge $1,500 for a felt only on a proprietary game.
3. For a hot game, the question becomes, "How can they afford not to install it?" But the game has to be a winner.



Paigowdan, in your experience, what is a "good" drop for a game in field trial? I am talking about the drop that makes casino executives want to keep the game after the trial is over. Not $100,000 I guess.
Paigowdan
Paigowdan
  • Threads: 115
  • Posts: 5692
Joined: Apr 28, 2010
April 30th, 2016 at 10:34:04 PM permalink
Quote: RoyalBJ

Quote: Paigowdan

2. A good casino came drops $100,000 a month. So, $499 (a typical price from an indy inventor) is 0.005 of the total action, and 0.02 of the actual hold, assuming a hold of 25%. Major distributors can charge $1,500 for a felt only on a proprietary game.
3. For a hot game, the question becomes, "How can they afford not to install it?" But the game has to be a winner.



Paigowdan, in your experience, what is a "good" drop for a game in field trial? I am talking about the drop that makes casino executives want to keep the game after the trial is over. Not $100,000 I guess.


This depends on the house; a good drop for a locals place may be $70K, for a powerhouse property it might have to be $190K +, with good table hold.

The casino compares its game titles on the floor, and looks for comparative underperformers in terms of the action a game gets. (The squeaky wheel gets the ax here.) If you can't get the numbers, a loose method is to see how busy the game consistently is.
Beware of all enterprises that require new clothes - Henry David Thoreau. Like Dealers' uniforms - Dan.
TigerWu
TigerWu
  • Threads: 26
  • Posts: 5564
Joined: May 23, 2016
May 24th, 2016 at 1:34:48 PM permalink
Quote: mrsuit31

Here is a link to the Nevada gaming commission reports .



Poor Pai Gow Tiles.... :( They're almost gone!

I hope they're still around when I'm able to get to Vegas in the next year or two.

The only casinos near me are Indian casinos, so the selection of games is kind of lame. :/ My preferred local casino of course has blackjack and poker, those silly versions of craps and roulette that use cards, a few of those oddball poker derivative games, and that's pretty much it. There's ONE mini-baccarat table in the whole place, so I don't think bac is very popular in this part of the country, unfortunately.
MathExtremist
MathExtremist
  • Threads: 88
  • Posts: 6526
Joined: Aug 31, 2010
May 24th, 2016 at 6:39:21 PM permalink
Quote: TigerWu

Poor Pai Gow Tiles.... :( They're almost gone!

I hope they're still around when I'm able to get to Vegas in the next year or two.

If you can wait a bit, I'm working on a replacement that uses standard dominoes and a far easier house way.
"In my own case, when it seemed to me after a long illness that death was close at hand, I found no little solace in playing constantly at dice." -- Girolamo Cardano, 1563
mrsuit31
mrsuit31
  • Threads: 82
  • Posts: 1325
Joined: May 29, 2010
May 24th, 2016 at 6:45:28 PM permalink
Quote: MathExtremist

If you can wait a bit, I'm working on a replacement that uses standard dominoes and a far easier house way.



I still have that set of dominoes you gave me at the focus group...
.
  • Jump to: