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Wynn Tightens Slots, Reorganizes Floor

By Chuckmonster on Tuesday, 19th July 2011 11:42am
  » filed under Wynn Resorts  comments: 12

   

When we hear that Wynn Las Vegas has re-organized its multiple Trippies winning slot floor, we sit up and take notice. We knew something was afoot when news broke in March that the first community slot machine - a gigantic American Idol jobby - had hit their slot floor.

Now we get confirmation that the moving, removing and replacing of slots at Wynn was part of a larger plan to make the floor more profitable. No surprise there... what is the surprise is that they mentioned on the call that they have changed up the mix of video poker machines, replaced some of the older slots (reels probably) to the tune of an overall REDUCTION of the number of machines on the floor. Interesting. The take away from Wynn Las Vegas COO Marilyn Winn Spiegel's input on the quarterly earnings call that Wynn is that the reduction of machines has resulted in an increase of slot drop on a per machine basis.

Translated to English, they yanked the looser machines and tightened up the ones that were already there.

Three cheers for operational efficiency!



Tagged: wynn   slot machines   





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Comments & Discussion:

They kept some of the temporary tables outisde the hi-limit room after the remodeling was completed. Also, over July 4th, they added a poker tourney area just outside Stratta.

So the Harrahtization of Wynncore continues?

Anybody know if they kept the Star Trek slots that were there? They were about the only place left in Vegas that I could find them.

First they ban Paris Hilton, now this? They really, really hate loose slots!

"The take away from Wynn Las Vegas COO Marilyn Winn Spiegel's input on the quarterly earnings call that Wynn is that the reduction of machines has resulted in an increase of slot drop on a per machine basis.

"Translated to English, they yanked the looser machines and tightened up the ones that were already there."

Hate to be picky, but that doesn't logically follow.

Note that we're talking about slot drop on a per machine basis.

If you hold house margin constant and lower the amount of total slot machines, then if overall coin in remains constant, you'll get a higher slot drop on a per machine basis due to more concentrated play.

For all I know they might have indeed tightened up the slots. But the point I'm making is that you CAN have an increase in per-machine-drop after reducing the total number of machines without increasing house margin.

What they did to their slot inventory is one thing..and BTW, there are Star Trek slots at the (soon not to be) Hilton...but they killed any playable video poker, even at the $1 level...I'm not playing 7/5 JOB at that level..what's the point? But that's what you'll find these days, at least at Wynn..

StudiodeKadent : I think Chuckmonster used the term "drop" in this post when he actually meant "win". I'll have to go back and listen again, but I believe she said that win per machine had gone up. If the drop per machine is consistent, yet the win per machine goes up, then obviously they have tightened them up.

I'm curious...could someone grab a photo of the 3 coin max, $10,000 token slot machine that Steve Wynn talked about and post it? I have seen a $5K machine, but it only accepted 1 token. $30K/pull sounds crazy to me, even for the biggest whales. You would lose literally $10 million per hour, even going slowly.

yeah, i goofed. they're winning more money per machine. the execs were gleeful that the slots are making (winning) more money with less machines on the floor.

@Skywise, there's still some Star Trek slots Downtown. I know that the Golden Nugget as well as the Four Queens still had them a little over a month ago.

I read the transcipt, and Stevo-O's explanation was something like it was more comfortable for the guest, therefore they sat and played longer...blah blah blah. I am curious what the NVG stats would show win % per denomination payback figured too. I will find out shortly when I visit and use some freeplay offer. If it goes quickly I may find myself gambling down the street the rest of my visit.

TheFish2010 and Chuckmonster,

Thanks for the clarification. However, as TheFish wrote, "if the drop per machine is consistent..." Note the "if."

If they lessen the number of machines on the floor, and total coin in on total slots is held constant, then that would mean the amount of per-slot coin in would increase. This would by definition translate into a higher amount won, holding the house margin constant.

As I said, they may have tightened up the slots. But as a matter of pure logic, they may not have.

So how did this ever work out?



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