MGM 30% Theo - Outdated Info?
It seems many people’s offers are not matching up with the conventional wisdom that mgm comps 30% of theoretical loss.
Mine are certainly nowhere close. On an average 3 night trip I will give them $20k coin-in. I also do some blackjack sessions at a $100 average bet, but not many of those.
I admittedly stay mostly non-weekends, but I still routinely get comped sky suites at Aria, plus $375 FP and $150 RC.
It feels like the 30% is funneled entirely to the FP and RC, and they now view the room inventory as loss leaders, basically giving them away. The bigger players get the better rooms, but the actual room cost is barely factored into the formula. Maybe simply what it costs them to operate (AC and housekeeping), which is pennies on the dollar.
Any thoughts?