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Here are the casinos with the best-paying slots in the business
By Frank Legato
Well, actually, we invented the concept of loose slots as a reason to visit casinos. Our sister publication Casino Player, founded in 1988, was the first to publish charts showing the overall percentage of slot-machine wagers that were returned as jackpots to players by each casino or casino region.
It was the editors of Player who first realized the usefulness of monthly public reports required by gaming regulators showing their “hold” on the slot floor—the amount of slot wagers kept, or “won,” by the casinos. The idea was to flip those numbers to show how much they gave back, and the idea of loose slots was soon a marketing asset heralded by casinos. And the ones who wanted to be known as the players’ casino increased returns to players. Everyone who played slots benefited.
Of course, when Player began its Loosest Slots charts, the only casino choices were Nevada and New Jersey. But as the industry grew with Indian and riverboat casinos in the early 1990s, giving players more choices, the need to know the most generous casinos grew. In 1994, Player published the first annual “Loosest Slots Awards,” honoring the casinos across the country that offered the best deal on the slots for an entire year.
It was a hit, and casinos winning the awards blazed the accomplishment across billboards and other advertising media. And again, the players benefited. The annual report, for one thing, uses historical, factual data logged over 12 months, not the theoretical payback percentages programmed by the games’ manufacturers. Additionally, results for one or even two months can be skewed by unusually high or low jackpots.
Gamblers slamming the casino on the high-end slots often results in a payback number exceeding 100 percent. Twelve months is plenty of time for all the games to return their true payback percentages.
Three years ago, Strictly Slots took over the annual survey and report. Welcome to our list of the casinos that were most generous to slot players in 2016—the 24th edition of the Loosest Slots Awards.
Knowing the casinos that return the most to slot players is more important than ever, since many casinos tightened up the slots after the recession and have yet to return to pre-recession levels of return. Many will never return, thanks to increasing reliance on penny denominations—where the lowest payback on the floor is masked by frequent low hits and high-profile brands.
But many casinos buck this trend, and have offered decent return on the slot floor all along. The evidence is in the fact that our list is rich in repeat winners that remained through the lean years.
As usual, we’ll begin with answers to the most-frequently-asked questions about our report.
First of all, our apologies if your favorite casino is not included. Our results, both in our monthly payback charts and in this annual report, are based on statistics that are available publicly. Casinos report their hold numbers publicly only if required, and then, only in the manner in which they are required by law to report them.
That’s why many Native American-owned casinos, including all of the popular big California casinos, are excluded from the report. Indian nations are sovereign nations, and are not subject to state gaming laws requiring that they report their slot hold numbers publicly, unless it is part of the agreement, or compact, between a tribe and the state (as in Connecticut).
It’s also why you will not find denominations broken out in many locations—such as New Jersey, where regulators stopped reporting denominations three years ago.
Finally, the way the numbers are reported publicly is the reason video poker paybacks are not broken out in this report. No jurisdiction reports separate numbers for slots and video poker. However, you’ll find that the casinos with the highest overall paybacks consistently offer the highest-returning pay schedules on video poker.
THE PENNY DRAG
The top casinos for loose slots in the U.S. have pretty much remained the same for several years, and the most generous casinos spread high payback percentages across all denominations. However, despite numerous player complaints that casinos have tightened their slot machines, the overall percentages remained stagnant last year.
Year-on-year comparisons reveal only a couple of hundredths of a percentage point in difference between overall returns in 2016 compared to 2015, but at least the numbers have stabilized a bit. Considering the Loosest Slots winner in each jurisdiction, six percentage results were lower than last year, but five were higher. That’s a significant improvement.
The penny denomination continues to be the category keeping overall results down. Most overall numbers were barely a 90 percent return, even for the category winners, with some in the 80s. Slot games in dollar-and-higher denominations are still returning payback percentages in the mid-90s and higher, but that’s not enough to bring the overall numbers up.
But fear not. There’s always Nevada.
BEST OF THE BEST
For a remarkable 10th year in a row, the loosest slots in the nation are in Reno, Nevada, and once again, it’s not even close.
In fact, the state of Nevada again has the top-three loosest slots regions in the U.S.
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Loosest Slots champion Reno’s casinos returned 94.73 percent of all slot-machine wagers, essentially the same as last year (94.86 percent). The Silver Legacy, the Eldorado, the Atlantis, the Peppermill, the Grand Sierra, the original Harrah’s and the other Reno properties have dominated the Loosest Slots chase for years, and as the economy in Reno has been rejuvenated with an influx of high-tech industries, there’s no reason to think the trend will not continue.
The “Balance of County” group of casinos—the Clark County casinos outside of the Las Vegas Strip and Boulder Highway, such as the Orleans, the Palms, Red Rock and Green Valley Ranch—and the Boulder Strip—Sam’s Town, Arizona Charlies, etc.—tied for the No. 2 spot in the nation at 94.46 percent.
Elsewhere, Casino Queen in Illinois once again can boast the loosest slots of any region that singles out results for individual casinos. As it has for several years, Casino Queen topped the Illinois survey, last year returning 92.53 percent of wagers to players, down from last year by a 10th of a point. And once again, Horseshoe Cleveland in Ohio is nipping at Casino Queen’s heels, returning 92.35 percent of wagers to players.
In Atlantic City, the top two remained the same from last year. Harrah’s Resort again wins the city’s Loosest Slots award at 91.76 percent, a slight increase for the third consecutive year. The Borgata was right behind at 91.63 percent, with Caesars (90.99 percent) taking over third place from its sister property Bally’s.
In Connecticut, Foxwoods (92.04%) maintains its edge over Mohegan Sun (91.81 percent) in loosest slots, with both casinos returning more to players than last year.
In Indiana, the top two casinos for loose slots did not even make the top three last year. The winner is French Lick Casino at 91.58 percent, with Indiana Grand and Rising Star both right behind at 91.53 percent. Rising Star topped last year’s survey.
In Missouri, Ameristar St. Charles, not in the top three last year, takes the Loosest Slots crown with a 91.03 percent return to players. The casino edged out last year’s winner, River City, which returned 90.98 percent. In Pennsylvania, Parx Casino (90.88 percent), also not in the top three last year, gets the Loosest Slots crown.
When it comes to determining the Atlantic City casino with the best slots, there is really only one statistic that matters: return to player rate (RTP).
For games in a casino, the odds of winning are expressed in RTP.
- Essentially, RTP is the percentage of money bet on a game that the game will ultimately pay back to players.
- If a game has a 90 percent RTP, for every $100 bet on it, a player should expect to win back $90.
However, RTP indicates the longterm performance of a game. This means it may take more than $100 in bets for the game to pay back that $90. Nothing is guaranteed, particularly in the short term, and a player may not ever see a slot’s true RTP realized before they run out of money playing it.
That said, RTP remains the best indicator of which casino has the loosest, and therefore best slots.
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Atlantic City casino slots: Always look for RTP
According to the New Jersey Division of Gaming Enforcement’s Atlantic City Casino Industry Casino Win Data For Calendar Year 2017 document, slots at the seven Atlantic City casinos operating last year had an overall average of 92.1 percent RTP. It’s no wonder slots are so popular.
The average RTP is actually much lower for the penny slots that appear to be the busiest in most Atlantic City casinos.
In fact, the one cent and two cent slots at Atlantic City casinos had an average of 88.7 percent RTP in 2017. The penny slots at Borgata Hotel Casino & Spa were the best among them at 89.8 percent RTP. However, Borgata’s overall average RTP among slots of all denominations was 91.89 percent, below the industry average and far from the best in the business.
High roller slots pay much better across the board. The best $25 slots can be found at Bally’s Atlantic City Hotel & Casino, where they had a 94.4 percent RTP last year. The Atlantic City average for $25 slots in 2017 was 92.5 percent RTP.
For $100 slots, Resorts Casino Hotel and Tropicana Casino & Resort Atlantic City posted 94.1 and 94.2 percent RTP respectively last year. Numbers that were well above the 91.7 percent RTP industry average for $100 slots.
The loosest slots among the thousands at Atlantic City casinos in 2017 were actually the five-cent slot machines at Tropicana. These slots posted a 95.2 percent RTP on their way to becoming one of Atlantic City’s best bets last year.
Tropicana Casino & Resort Atlantic City
Plus, they helped Tropicana Casino & Resort Atlantic City post an overall average of 92.59 percent RTP on slots of all denominations, making the Trop the Atlantic City casino with the loosest and best slots.
Here’s a look at the average RTP on slots of all denominations for all seven Atlantic City casinos:
- Tropicana Casino & Resort Atlantic City: 92.59 percent
- Caesars Atlantic City Hotel & Casino: 92.24 percent
- Bally’s Atlantic City Hotel & Casino: 92.23 percent
- Borgata Hotel Casino & Spa: 91.89 percent
- Resorts Casino Hotel: 91.82 percent
- Golden Nugget Atlantic City: 91.66 percent
- Harrah’s Resort Atlantic City: 91.44 percent
Slots at The Trop
One of the oldest and most storied casino properties in Atlantic City, the Tropicana currently boasts three floors of casino gaming with more than 3,000 slot machines and 135 table games. Resort amenities also include more than 2,000 hotel rooms, 26 restaurants, 25 shops, 20 bars and lounges, four pools, an IMAX Theater, a spa and a 2,000-seat showroom.
Tropicana prides itself on being a casino games innovator and boasts a selection of more than 2,400 different games it says surpasses the offerings of other Atlantic City casinos.
In terms of slots, the list includes everything from the newest slots available to a wide variety of classics. The games are in areas with engaging themes. Many feature linked and individual progressive jackpots. There also a rather large video poker area and a stylish and inviting High Limit slots lounge with a private concierge, restrooms, and hundreds of high-denomination slot games.
Tropicana’s history in Atlantic City
The origins of Tropicana Casino and Resort lie in The Ambassador Hotel, circa 1919.
The Ambassador infamously played host to the Atlantic City Conference for organized crime bosses. The likes of Al Capone, Meyer Lansky and Lucky Luciano all attended.
The Ambassador closed in the 1970s. However, Ramada brought its bones back to life in 1981. The organization actually purchased the Ambassador in 1978 with plans to remodel. Ramada was forced by the New Jersey Casino Control Commission and then-Gov. Brendan Byrne to demolish the property and build a new hotel and casino practically from the ground up, reusing only the steel framework from the old hotel.
Ramada bought the Tropicana Resort & Casino in Las Vegas in 1979 and decided to call the under-construction Boardwalk property Tropicana Atlantic City.
It opened in November 1981, with a 521-room hotel and casino. Renovations continued throughout the 1980s, adding a showroom, a second hotel tower, and the Tivoli Pier indoor amusement center. Tropicana Atlantic City became TropWorld Casino and Entertainment Resort.
Tropicana changes hands
Ramada ended the 1980s by selling the Las Vegas Tropicana. The mid-1990s saw another new hotel tower added and further renovations. A new poker, keno and off-track betting area opened, and the property was renamed Tropicana Casino & Resort Atlantic City.
The early 2000s saw another new hotel tower, a parking garage, and increased meeting and convention space added. Plus, The Quarter at Tropicana, a 200,000-square-foot entertainment complex and shopping mall opened up.
Ownership landed in the hands of a company called Columbia Sussex in 2005. However, Columbia Sussex was denied a casino license in 2007. Ultimately, a trustee took control.
Carl Icahn steps in and out
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A group of creditors led by billionaire Carl Icahn bought Tropicana Casino & Resort Atlantic City out of bankruptcy in 2009.
Icahn ran the property under his Tropicana Entertainment Inc. umbrella. The company has made more than $200 million in upgrades, renovations, and enhancements since 2013.
However, Icahn announced plans to sell Tropicana Entertainment Inc.’s US casino properties, including Tropicana Casino & Resort Atlantic City, to real estate investment trust Gaming and Leisure Properties in early 2018. As a part of the $1.85 billion deal, Eldorado Resorts will take over casino operations.