Wynn includes the costs of the associated slot comps in its profit figures, other places do not.
It used to be a 10% margin was the standard 'rule of thumb', but competition between casinos, lower profit video poker machines taking over more of the market, and players club benefits have eaten into that figure over time.Īs such, even seemingly comparable figures vary from joint to joint. For the Venetian, it was at 6.8% for the last quarter, while the Wynn reported it 'failed to meet the 5 - 6%' expectations. You will find a wide variety of slot machine games at the Bellagio because they have games from five different slots manufacturers. It has more than 2,300 slot machines, including Vegas penny slots.
The effective 'hold' (or win percentage) for the house at most places is between 5 and 8+ percent. Bellagio is one of the thirteen MGM properties in Las Vegas. The last figure I saw for Clark County was an average of some $145 per machine per day (year-end 2005 I believe), but that included every place which had machines.not just major casinos, which were estimated to average about $180. In example, in the fourth quarter of 2006, Wynn averaged a 'win' of $256 per machine per day, while Fitzgerald's was at $81 per machine daily. It varies widely from property to property, as does the 'average' for the area based upon what you include in the statistical universe.
