tech58 wrote: ↑Sat Apr 08, 2023 4:45 pm
For example is the cost of the room you stay in part of what your total comp package is?
Yes, in general. But not at rack rate. Benefits are often classified as either soft or hard comps. Casinos are more generous with soft comps such as rooms and food, and will presumably count them against you at a discounted rate.
A common figure for total benefits is 30%, meaning they'll intend to give you back 30% of your expected losses. For a vp player with 10k coin-in at a 5% theo loss, they would expend $150 to reward you.
Rewards include point redemptions, casino promotional giveaways, mail offers, back-end comps, etc.
VP players have long benefited from unequal stature relative to reel players. Most slot clubs will give back a bigger % of my loss at a 0.5%-edge vp game than a 10%-edge reel slot. But the trend is toward more accurate recognition of actual theo.
Does a local with same coin-in, who rarely stays overnight, get more FP or other value Comps.
The answer is probably yes because I've heard of APs renting local mailboxes to maximize benefits when they find something good away from their local area. Some casinos will only send mail within a designated local region. On the other hand, FP is probably classified as a "harder" comp than a free room. And local mailers often split up the FP inconveniently. A visitor may be offered $200 FP for one trip, whereas I as a local have to go in twice a week for $25 at a time.