If they leave up to a weeks revenue in the slots, it would seem that next big breakthrough in slot machine manufacturing would be an easier cash removal system. My best guess cipherin' sez there could be over $100 million sitting in those machines statewide, by the end of the week.
August 12, 2008 3:36 PM
Posted by David
It's not as much needing an easier cash removal system, but the labor involved. Dropping the machines themselves doesn't take much time.
Most of the casinos that I've worked at would drop the entire casino several times per week, whether in partial drops over 4-5 days, or full drops 2x/week.
The real cost comes from the dedicated security to watch over the drop plus the drop team, and the count team afterwards. Counting, say, 500-800 boxes can take 8-12 hours, or more if the currency counters or interfaces go down. As count team workers are paid by the hour, this runs into overtime, automatically jacking the costs another 50%+ in overtime, additional taxes, etc.
Table games counts are done on a daily basis, but there's a lot fewer boxes to count. Larger casinos may have 2,000 - 3,000 slot machines on the floor to count, versus 50+ table games.
In my estimation, $100 million statewide could easily be on the low side.
Comments
If they leave up to a weeks revenue in the slots, it would seem that next big breakthrough in slot machine manufacturing would be an easier cash removal system. My best guess cipherin' sez there could be over $100 million sitting in those machines statewide, by the end of the week.
It's not as much needing an easier cash removal system, but the labor involved. Dropping the machines themselves doesn't take much time.
Most of the casinos that I've worked at would drop the entire casino several times per week, whether in partial drops over 4-5 days, or full drops 2x/week.
The real cost comes from the dedicated security to watch over the drop plus the drop team, and the count team afterwards. Counting, say, 500-800 boxes can take 8-12 hours, or more if the currency counters or interfaces go down. As count team workers are paid by the hour, this runs into overtime, automatically jacking the costs another 50%+ in overtime, additional taxes, etc.
Table games counts are done on a daily basis, but there's a lot fewer boxes to count. Larger casinos may have 2,000 - 3,000 slot machines on the floor to count, versus 50+ table games.
In my estimation, $100 million statewide could easily be on the low side.