I'll guess they take the above alternative as opposed to increasing payback % ( loosening) on the average slot as a reopening enticement. Hope I'm wrong on that, but these guys focus on returns /revenue in 'normal' won't be normal immediately after reopening. I think the casino people will want to generate as much revenue as possible out of every operating machine from the potential restricted player pool. Their slot floor capacities / player occupancy will likely be reduced because of distancing requirements right after reopening, and there are indicators that only a limited number of properties will open right away. With VP machines, they'd have to change pay tables on individual machines to affect hold%.much more involved, as well.

Older machines require them to open the boxes and change the chips.much more involved. On newer, server-based machines, they can change hold % in about ten minutes from a central control area ( requires the machines to be 'down' before and after the change), as long as it's within NV Gaming Control rules. Just speculation but, I think they'll increase hold % ( tighten) the 'average' and most popular machines ( penny slots, for instance). Would make absolutely no sense for a corporation to even attempt this.

Unless the casinos/Landlords can figure out a way to drastically increase 'maintenance' costs without actually doing any extra maintenance while simultaneously defrauding their Tenants/Sub-Tenants, this couldn't happen. However, NNN's are building taxes, insurance, maintenance. Tenant doesn't have to take it of course.ģ.) Increase the pass throughs to Tenants (NNN's). If a Tenant is at the end of their lease and has no option, or has an option where the rent is adjusted based on Fair Market Value, the Landlord can ask for whatever they want. A landlord could take a risk and lower the base rent while upping any percentage rent pass throughs, but still, not sure how many people would be comfortable leasing anything in Vegas right now.Ģ.) Options to extend. Not many businesses will want to or be able to commit to such an expensive undertaking in the near future. However, considering the state of the economy, asking more for rent when there are so many unknowns would be insanity. Only way a Landlord could raise the rent for its retail Tenant or in the case of MGM sub-Tenants would be as follows:ġ.) New leases.

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