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On Mon, 7 Feb 2005, Michael wrote:
>> I don't think so. I believe it is illegal for them to set up the slots
>> to pay back more than $0.99, or some similar value, per average dollar
>> spent.
>
> Why would it be illegal? A lot of them have signs that they do it and
> I've seen it in books and on tv about Las Vegas gaming.
I can't find anything on the net. I remember seeing billboard ads that
said they were using the legal limit for slot "looseness." It could be an
anti-competitive thing. In Minnesota, it is illegal to charge less than a
certain amount for gasoline (I think they must charge at least $0.08 per
gallon more than they paid for the gas). This prevents price wars from
eliminating competition. Paradoxically, the idea is that laws that force
prices up actually keep prices down.
Mike
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