Hi Kharipeart:

The percentages you are quoting sound okay ... but you are taking the percentage from the wrong place.

The typical nickel slot machine in Mohawk would keep about 8 to 9% of every dollar put in. In Ontario, it is illegal to keep more than 15%.

So the casino has their 8.5% "take" from slot operations. From this, they pay for the building, the employees ... the fixed operating costs. The "take" is not "REVENUE" until the expenses are extracted.

After all of the costs are paid, they will have revenues left over. From this, they will pay the percentages you are talking about. It is important to note that the racetrack slots are in competition with the Commercial Casinos (Windsor, Rama, Niagara Falls/Fallsview). Although it is all overseen by the OLGC, they want to attract the most people to their own location. More importantly, the Canadian Casinos have to compete against US casinos for patrons (Seneca in NY) ... or LAS VEGAS. The nickel slot play in Ontario is very competitive with Las Vegas ... and superior to Atlantic City.

Hope this clarifies things.

/\/\/\/\ the Shamus /\/\/\/\