4 ms·

>How is this any different? It's not, and casinos are starting to see courts routinely deny them the least bit of sympathy when people beat them at their own g

>How is this any different? It's not, and casinos are starting to see courts routinely deny them the least bit of sympathy when people beat them at their own games. The Borgata in Atlantic City was recently trounced in court while attempting to recoup more than $1 million in winnings from a group of Baccarat players that happened to notice that the pre-shuffled cards they were supposed to be using weren't shuffled at all. Casinos make more than 90% of their revenue from less than 10% of players. When the exploitation of addiction is both your sole reason for existing and your primary source of income, you will find most people unsympathetic to your complaints.

jbigelow76 12y ago
> Casinos make more than 90% of their revenue from less than 10% of players. Do you have a source for that?
- downandout 12y ago
  Here's one article on it: http://online.wsj.com/news/articles/SB10001424052702304626104579123383535635644 http://online.wsj.com/news/articles/SB1000142405270230462610... And some hard data and analysis: http://www.thetransparencyproject.org/Availabledataset.htm http://www.thetransparencyproject.org/Availabledataset.htm In their study specifically of Bwin (an online casino) they found that "of the 4,222 casino customers, just 2.8% — or 119 big losers—provided half of the casino's take, and 10.7% provided 80% of the take". However, online casinos don't attract the kinds of customers or the level of action that many physical casinos do. Many older players - who provide the vast majority of slot machine revenues - won't go near online casinos. Further down in this article they quote a marketing consultant for dozens of physical casinos saying "Bwin results are in line with his own estimates, based on confidential casino data, that many U.S. casinos get about 90% of their revenue from 10% of customers." I have read a few academic papers on the subject, that also indicate numbers from 80% up to 92% being provided by roughly 10% of players. The fact that in the Bwin study, 2.8% provided 50% of the take, is breathtaking as well.

jbigelow76 12y ago

> Casinos make more than 90% of their revenue from less than 10% of players. Do you have a source for that?

downandout 12y ago
Here's one article on it: http://online.wsj.com/news/articles/SB10001424052702304626104579123383535635644 http://online.wsj.com/news/articles/SB1000142405270230462610... And some hard data and analysis: http://www.thetransparencyproject.org/Availabledataset.htm http://www.thetransparencyproject.org/Availabledataset.htm In their study specifically of Bwin (an online casino) they found that "of the 4,222 casino customers, just 2.8% — or 119 big losers—provided half of the casino's take, and 10.7% provided 80% of the take". However, online casinos don't attract the kinds of customers or the level of action that many physical casinos do. Many older players - who provide the vast majority of slot machine revenues - won't go near online casinos. Further down in this article they quote a marketing consultant for dozens of physical casinos saying "Bwin results are in line with his own estimates, based on confidential casino data, that many U.S. casinos get about 90% of their revenue from 10% of customers." I have read a few academic papers on the subject, that also indicate numbers from 80% up to 92% being provided by roughly 10% of players. The fact that in the Bwin study, 2.8% provided 50% of the take, is breathtaking as well.