The slot machines at the airport are currently owned & operated by The South Point Hotel & Casino. You would think the payback percentage is the same as at the casino itself. There have been a few big winners at the airport in the past few months!
- Appendices
- Slots Analysis
- Miscellaneous
Introduction
The following table ranks the Las Vegas casinos according to the looseness of their video display reeled nickel slot machines. The returns are based on a sampling of five different types of machines. The data collected goes back as far as October 2001 so the information is a bit dated.
Las Vegas 5 Cent Slot Survey
| Rank | Casino | Average Return |
|---|---|---|
| 1 | Palms | 93.42% |
| 2 | Gold Coast | 92.84% |
| 3 | Sahara | 92.81% |
| 4 (tie) | Bourbon Street | 92.63% |
| 4 (tie) | Imperial Palace | 92.63% |
| 4 (tie) | Slots a Fun | 92.63% |
| 7 | Key Largo | 92.60% |
| 8 | Western | 92.57% |
| 9 | Ellis Island | 92.56% |
| 10 | El Cortez | 92.56% |
| 11 | Orleans | 92.56% |
| 12 | Circus Circus | 92.56% |
| 13 | Gold Spike | 92.55% |
| 14 | Fitzgeralds | 92.54% |
| 15 | Fiesta - Rancho | 92.53% |
| 16 | Arizona Charlie's East | 92.51% |
| 17 | Barbary Coast | 92.50% |
| 18 | Terrible's | 92.49% |
| 19 | Arizona Charlie's | 92.49% |
| 20 | Hard Rock | 92.47% |
| 21 | Town Hall | 92.47% |
| 22 | Longhorn | 92.47% |
| 23 | Riviera | 92.23% |
| 24 | California | 92.14% |
| 25 | Lady Luck | 92.10% |
| 26 | Nevada Palace | 92.06% |
| 27 | Plaza | 91.94% |
| 28 | Luxor | 91.92% |
| 29 | Paris | 91.92% |
| 30 | San Remo | 91.88% |
| 31 | Excalibur | 91.84% |
| 32 | Palace Station | 91.84% |
| 33 | Ballys | 91.82% |
| 34 | Las Vegas Club | 91.76% |
| 35 | Four Queens | 91.75% |
| 36 | Texas Station | 91.71% |
| 37 | Casino Royale | 91.67% |
| 38 | Boulder Station | 91.55% |
| 39 | Aladdin | 91.5% |
| 40 | O'sheas | 91.48% |
| 41 | Hilton | 91.40% |
| 42 | Boardwalk | 91.28% |
| 43 | New York New York | 90.99% |
| 44 | Horseshoe | 90.96% |
| 45 | Sam's Town | 90.89% |
| 46 | Santa Fe Station | 90.87% |
| 47 | Flamingo | 90.86% |
| 48 | Golden Nugget | 90.85% |
| 49 | Stratosphere | 90.8% |
| 50 | Tropicana | 90.71% |
| 51 | Golden Gate | 90.64% |
| 52 | Silverton | 90.57% |
| 53 | Main Street Station | 90.56% |
| 54 | Westward Ho | 90.40% |
| 55 | Fremont | 90.37% |
| 56 | Castaways | 90.36% |
| 57 | Monte Carlo | 90.24% |
| 58 | Stardust | 89.97% |
| 59 | Frontier | 89.91% |
| 60 | MGM Grand | 89.81% |
| 61 | Harrahs | 89.32% |
| 62 | Treasure Island | 89.32% |
| 63 | Mirage | 89.3% |
| 64 | Caesars Palace | 89.05% |
| 65 | Mandalay Bay | 88.87% |
| 66 | Rio | 88.72% |
| 67 | La Bayou | 88.26% |
| 68 | Mermaids | 88.26% |
| 69 | Bellagio | 87.42% |
| 70 | Venetian | 86.66% |
| 71 | Airport | 85.02% |
Excluded Casinos
The Suncoast and Rampart Casino in Summerlin do not allow playing slots and taking notes at the same time. I can not include any casino that prohibits the method in which I gather data.
Location Averages
The next table shows the average return by location.
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Returns by Region
| Location | Average Return |
|---|---|
| Off strip | 92.07% |
| Downtown | 91.66% |
| Strip | 91.47% |
| Total | 91.74% |
The above sign can be found across the street from the Palms. Although I did the study Anthony Curtis published it in the LasVegas Advisor, which is how it become well known. The'..' in the sign encompases quite a bit of information,which was conveniently left off the sign. Actually the study only says that the Palms had the lowest nickel video slotsof the casinos surveyed in Las Vegas. The small print at thebottom says, 'Independent study conducted between November2001-February 2002 on Austin Powers, Fortune Cookie, Reel'em In, and Wheel of Fortune games. They left off LeopardSpots, and the study began in October.
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Observations
There seemed to be no truth behind slot placement myths. Machines on the end of a bank did no better on average than those in the middle. There was also no correlation between return and proximity to such things as the main door, table game pit, high traffic areas, and low traffic areas.
Most casinos were very consistent in their slot returns.If one nickel machine had a return of x% then all others like it also returned x%. However some casinos did mix up loose and tight machines, most notably Treasure Island and the California casinos.
Methodology
A kind and anonymous source provided me with par sheets for the games in question. The EPROM (Erasable Programmable Read Only Memory) chip is what tells the machine the order of the symbols on the reel, in some cases how the stops are weighted, how much each winning combination pays, and any other pertinent information about how much the machine pays.It is up to the slot manager to select which EPROM chip to order according to the return percentage desired. On atypical game there might be about 8 different possible return percentages, ranging from about 85% to 98%.
Each of the different par sheets has five sets of distinct reels. On video display slots the stops are not weighted; in other words all stops are equally likely. The distribution of each symbol on each reel is what determines the theoretical return of the machine. For example a higher paying machine may have more of the higher paying symbols.
On the machine itself three consecutive symbols arevisible on five different reels. By comparing actualobservations of results to the par sheets it is possible todetermine which reels the machine uses, and thus which par sheet and which return. There are various three-symbol combinations that appear in at least one but not all par sheets. So if one of these combinations occurs on an actualmachine it narrows down the possible par sheets. By playingenough the player can narrow down the possible par sheets tojust one.
To help identify the unique combinations I wrote a computer program for each game, which had the exact reel order of all 5 reels of all the par sheets. The program then counted the number of par sheets with each possible three-symbol combination. If the number was greater than 0 and less than the maximum then that combination was identified along with the associated par sheets it belonged to.
It is then a matter of simply playing the game and comparing the outcomes to the list of partially unique combinations. It only takes about 5-10 plays per machine to narrow down the possibilities to just one par sheet.
The averages in the table are actually an average of averages. For each kind of machine at each casino I took an average return. Then I took the average of these averages over the five kinds of machines I tested for.
Slot Machine Definition
There is some confusion about what constitutes a 'slot machine' or 'slot.' My definition, and that of most gamblers, is a gambling machine with either actual spinning reels or video representations of the them.
People in the gaming business and regulators generally refer to a slot machine as any gambling machine, including reeled slots, video poker, video keno, video blackjack,etc. For purposes of statistics both casino managers and regulators combine all the electronic gambling machines together. For example, the Slot Chart in Casino Player magazine and reports by the Nevada Gaming Control Board do not isolate just reeled slots but consider all electronic games a 'slot.' Therefore my return percentages should not be expected to agree with those reported by the casinos or regulators. As far as I know mine is the only source to isolate just the return of reeled slots.
Who Owns The Slot Machines At Las Vegas Airport Parking
Acknowledgements
I would like to thank Rob Feldheim for helping with the slot play and record keeping. Rob helped me with most of the casinos on the east side of town and part of downtown. I would also like to thank par Sheet Pete (not his real name)for providing the par sheets, without which this project would not have been possible.
Internal Links
Go to slot machine appendix3B (Jean/Primm slot returns).
Go to slot machine appendix 3D(Henderson slot returns).
Go to slot machine appendix 3E(Las Vegas quarter and dollar slot returns).
Go to slot machine appendix 3F(Montreal slot return).
Go back to slot machines.
External Links
The main-stream media has covered this study in depth. Here are links to some articles.
- Turning'em loose, an article that appeared in the Las VegasReview Journal on May 19, 2002, about the possible effectsof this study.
- One-Armed Bandit or Robin Hood?, an article by myself for Contingencies Magazine explaining the methodology, results, and weaknesses of the study.
- Play by the rules and the one-armed bandits will still win. Boston Globe article about slot machines, in which my Las Vegas survey is mentioned and my advice quoted. (cache)
Written by: Michael Shackleford
According to the best data I could find on the subject, you can gamble at any of 136 total casinos in Las Vegas.
But they’re not all separate business entities.
In fact, most of them are not individual businesses. Most of the casinos on the Strip are owned by one of four different companies.
Who owns the Las Vegas casinos?
This post offers some answers.
Not every business in Las Vegas counts as a casino, and some of the casinos included in that tally of 136 casinos are located just outside the Las Vegas city limits.
When most people think of Las Vegas these days, they think of the Strip, which is in Paradise and Winchester — both unincorporated towns just outside the city limits.
Also, for purposes of this tally, I’m not including small local businesses with a gambling machine or two — you can find plenty of bars and gas stations that fit that criteria. None of them are what I would call a casino, although definitions vary.
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Any business with more than 15 slot machines or that offers tables games (like blackjack, craps, or roulette) can safely be included under the category of “casino,” though.
Slot machine app to win real prizes. Most of the casinos in Las Vegas are either on (or just off) the Strip or on Boulder Highway. Between just those two locations, you’ll find over 90 of those 136 casinos.
Downtown Las Vegas also has a couple of dozen casinos, and the rest are in North Las Vegas.
Together, Las Vegas casinos generate $10 billion a year in revenue. About two-thirds of that is generated from casinos on the Strip.
MGM Resorts Owns a Lot of Casinos in Las Vegas
Mandalay Bay and MGM Resorts merged nearly 15 years ago to become one of the biggest casino-owning companies in the city. Some (but not all) of the casinos in Las Vegas they own include the following.
- Aria
- Bellagio
- Circus Circus
- CityCenter
- Delano
- Excalibur
- Luxor
- Mandalay Bay
- MGM Grand
- The Mirage
- New York New York
- Park MGM (Used to be the Monte Carlo)
- Vdara
That’s a huge number of casinos on the Las Vegas Strip for one company to own — almost 25% of the properties on the Strip, in fact.
And since these are some of the largest casinos on the Strip, MGM Resorts controls a larger number of the gambling action than you might expect. They probably account for 40% or 45% of the gambling revenue on the Strip.
In the last couple of years, MGM Resorts has started moving into the online gaming space, too. They recently signed a partnership agreement with Yahoo Sports to provide sports betting functionality.
Caesars Entertainment Is the Other Big Player in Las Vegas Casinos
Caesars Entertainment got big as the result of a merger between Caesars and Harrah’s. They own the following casinos.
- Bally’s
- Caesars Palace
- The Cromwell
- Flamingo
- Harrah’s
- Linq
- O’Sheas
- Paris
- Planet Hollywood
- Rio Suites
- Harrah’s in Laughlin
Caesars is the fourth-largest gaming company in the world, and they generate $8.6 billion a year in revenue. Not all of that is generated by their Las Vegas properties, but a huge chunk of it is.
Caesars also owns close to 96 acres of undeveloped land near the Las Vegas Strip. I’m betting that they’ll add more casinos there at some point, but this post is about who owns which casinos in Las Vegas now, not in the future, so I’ll save the speculation for later.
Boyd Gaming Is Probably the Biggest Casino Company You’ve Never Heard Of
Boyd Gaming runs multiple casino properties from its headquarters in Paradise, Nevada. The company makes the bulk of its money from casino gambling, which generates 75% of their revenue.
Boyd Gaming owns the following Las Vegas casinos.
- Aliante
- California Casino
- Cannery Casino
- Eastside Cannery Casino
- Eldorado Casino
- Fremont Hotel and Casino
- Gold Coast
- Jokers Wild
- Main Street Station
- The Orleans
- Sam’s Town
- Suncoast Hotel and Casino
Three of these casinos — California Hotel and Casino, Fremont Hotel and Casino, and Main Street Station — are in Downtown Vegas.
Many of Boyd Gaming’s casinos cater to customers who are interested in spending less money. A lot of their casinos have hotel rooms available at $40 per night, sometimes less. Fremont and Main Street regularly have room rates as low as $30 a night on weeknights.
Boyd Gaming’s casinos cater to a largely locals market, and their odds and payouts are higher than the big corporate casinos on the Strip.
Who Owns The Slot Machines At Las Vegas Airport Shuttle
Station Casinos Is the Other Big Casino Owner in Town
The headquarters for Station Casinos is in Summerlin. Station, like Boyd, specializes in offering casino games with great odds to local gamblers. In fact, you can find the best video poker games in town at several of the properties owned by Station Casinos.
Who Owns The Slot Machines At The Las Vegas Airport
They own the following properties.
- Boulder Station
- Green Valley Ranch
- Palace Station
- Palms Casino Resort
- Red Rock Resort
- Santa Fe Station
- Texas Station
- Fiesta Henderson
- Fiesta Rancho
- Wild Wild West
Who Owns The Slot Machines At Las Vegas Airport Allegiant Air
Perhaps the most notable thing about Station Casinos is the availability of high-paying video poker games that aren’t available at other casinos.
Video poker is one of those games that has a high payback percentage, but it’s only high if you choose the right games with the right pay tables. Station Casinos offer more of these games than almost any other company in Las Vegas. Slot machine machanic jobs near me.
How do you define a high-payout video poker game?
Generally, I look for games with a payback percentage of 98% or higher.
It won’t take much research on the internet to find out which pay tables and which games you should look for at Station Casinos.
If you combine this low house edge with the rewards you get from joining the slots club, you might even show a small long-term profit playing video poker at Station Casinos.
But you’ll probably not make much of a living from that endeavor.
Golden Entertainment owns the following casinos, but they also operate taverns with slot machines in them. And they provide slots to other businesses.
Who Owns The Slot Machines At Las Vegas Airport Car Rental
- Aquarius Casino Resort
- Arizona Charlie’s Boulder
- Arizona Charlie’s Decatur
- Colorado Belle
- Edgewater Hotel and Casino
- Stratosphere Las Vegas
They also own three casinos in Pahrump, Nevada, which is about 60 miles from Vegas.
I have experience at the Stratosphere, by the way, and I recommend checking it out next time you visit Vegas. The rotating restaurant, Top of the World, offers the most breathtaking views of Las Vegas that you could imagine.
You Can Also Find Individual Casinos Owned by (VERY RICH) Individuals
Casino Royale, for example, is owned by Margaret Elardi. She’s in her mid-90s, and her son Tom helps to run the casino. By all accounts, the Elardis are private people. They used to own the Frontier in the 1990s.
El Cortez is owned by Kenny Epstein. It’s one of the smaller casinos in town, but it’s also one of the oldest, having opened in 1941. It’s on the National Register of Historic Places.
El Cortez is the oldest continually-operating casino in Las Vegas by a far sight — no one else comes close.
Slots-A-Fun is owned by Phil Ruffin. You’ll find it right next to Circus Circus, but you’ll need to be alert — it’s one of the smallest casinos in town. Slots-A-Fun used to be famous for offering dollar blackjack and $2 craps, but they no longer offer table games at all. You can still shoot pool and play shuffleboard there, though.
They also have a bowling alley.
Who owns the casinos in Las Vegas?
Most of them are owned by four or five companies, although several are owned by individuals.
If you’re gambling on the Strip, you’re probably doing business with a huge corporation.
But even if you’re gambling at one of the smallest casinos in Las Vegas, you can bet that the owner is rich beyond belief.