{"id":2664,"date":"2024-10-16T10:26:06","date_gmt":"2024-10-16T10:26:06","guid":{"rendered":"http:\/\/stakery.io\/?p=2664"},"modified":"2024-10-16T14:25:09","modified_gmt":"2024-10-16T14:25:09","slug":"tip-out-policy-change-for-two-vegas-casinos-sees-dealers-almost-triple-earnings","status":"publish","type":"post","link":"http:\/\/stakery.io\/index.php\/2024\/10\/16\/tip-out-policy-change-for-two-vegas-casinos-sees-dealers-almost-triple-earnings\/","title":{"rendered":"Tip-Out Policy Change for Two Vegas Casinos Sees Dealers Almost Triple Earnings"},"content":{"rendered":"
<\/div>\n

Tip policy boost<\/h2>\n

A change in the tip-out policy of two downtown Las Vegas casinos has, according to their parent company TLC Casino Enterprises, seen its dealers almost triple what they earn in a day.\u00a0<\/p>\n

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allows its dealers to keep tips instead of pooling them<\/p>\n<\/blockquote>\n

According to the Las Vegas Review-Journal<\/em> on Tuesday, Binion\u2019s Gambling Hall & Hotel, and Four Queens Hotel and Casino have made a policy change that allows its dealers to keep tips instead of pooling them.\u00a0<\/p>\n

Binion\u2019s and Four Queens\u2019 Director of Casino Operations Glenn Casale stated that dealers \u201cwho used to average $50-$60 a day were now averaging $150 on the swing shift,\u201d following the change.<\/p>\n

The decision by TLC to allow its dealers to \u201cgo for their own\u201d as it\u2019s known in the industry, sets both Binion\u2019s and Four Queens apart from most other Vegas casinos that traditionally practice tip pooling.\u00a0<\/p>\n

Tangible benefits<\/h2>\n

Casale told the LVR-J<\/em> that Binion\u2019s has been running the tip-keeping policy for around three months while its sister casino Four Queens will start the policy on October 28. The casino executive stated TLC went for the change because its two properties along the Fremont Street Experience found casino dealers would earn more.\u00a0<\/p>\n

The increased earning power wasn\u2019t to everyone\u2019s liking, Casale said, with about 10% of dealers leaving Binion\u2019s because they preferred the tip pooling scheme. Rather than the job losses hurting the TLC venue, however, it instead allowed Binion\u2019s casino managers to fully staff their most active daily shift, known as the swing shift.<\/p>\n

Casale stated that Binion\u2019s went from being 30-40% below optimum swing shift staffing to now having \u201cenough dealers over everything.\u201d The reason the exec gives is that the tip-retention policy has \u201cattracted a lot of dealers from other casinos.\u201d<\/a><\/p>\n

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dealers need to be familiar with all games available<\/p>\n<\/blockquote>\n

A must for the strategy to work is that the dealers need to be familiar with all games available at the TLC casino pit \u201cso they can rotate every 30 minutes.\u201d While this has required months of dealer training, Casale said that now: \u201cNo one dealer gets stuck on any one game.\u201d\u00a0<\/p>\n

\u201cSo if it\u2019s a bad game or a dead game \u2014 like they don\u2019t make a lot of money on Pai Gow for example, so you don\u2019t stay on Pai Gow all day,\u201d he explained.\u00a0<\/p>\n

The flip side<\/h2>\n

With such an ingrained practice in Vegas, not everyone likes the idea of tip retention. Seasoned Wynn casino dealer and union member Kanie Kastroll said an advantage of tip pooling is the reduction of favoritism, which could see a popular dealer given more assignments to high-limit games, instead of unpopular tables.<\/p>\n

\u201cThe benefit of the pool is even if you have awesome skills and you\u2019re a five-star dealer [\u2026] you can still have fluctuations,\u201d Kastroll said.\u00a0<\/p>\n

\u201cTip pooling makes it less volatile,\u201d she explained.\u00a0<\/p>\n

Another flip side to TLC\u2019s new policy is that its dealers must now, at the end of each shift, report how much they earned in tips so the detail can get added to their payroll for tax purposes.<\/p>\n

According to media reports, tip pooling is common at casinos partly because of an IRS program that encourages casinos and staff to set \u201caverage tip rates for consistency among all types of tipped casino workers.\u201d<\/p>\n

The post Tip-Out Policy Change for Two Vegas Casinos Sees Dealers Almost Triple Earnings<\/a> appeared first on Vegas Slots Online News<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Tip policy boost A change in the tip-out policy of two downtown Las Vegas casinos has, according to their parent company TLC Casino Enterprises, seen its dealers almost triple what they earn in a day.\u00a0 allows its dealers to keep tips instead of pooling them According to the Las Vegas Review-Journal on Tuesday, Binion\u2019s Gambling…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[19],"tags":[],"_links":{"self":[{"href":"http:\/\/stakery.io\/index.php\/wp-json\/wp\/v2\/posts\/2664"}],"collection":[{"href":"http:\/\/stakery.io\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/stakery.io\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/stakery.io\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/stakery.io\/index.php\/wp-json\/wp\/v2\/comments?post=2664"}],"version-history":[{"count":1,"href":"http:\/\/stakery.io\/index.php\/wp-json\/wp\/v2\/posts\/2664\/revisions"}],"predecessor-version":[{"id":2665,"href":"http:\/\/stakery.io\/index.php\/wp-json\/wp\/v2\/posts\/2664\/revisions\/2665"}],"wp:attachment":[{"href":"http:\/\/stakery.io\/index.php\/wp-json\/wp\/v2\/media?parent=2664"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/stakery.io\/index.php\/wp-json\/wp\/v2\/categories?post=2664"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/stakery.io\/index.php\/wp-json\/wp\/v2\/tags?post=2664"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}