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| Changing the Payout Rules |
10/17/2000 Nevada proposes new ruling Nevada gaming regulators have proposed a new rule that would force many casinos to change their betting limits or aggregate payouts on games like Let It Ride. Many Las Vegas casinos accept wagers of up to $3,000 on a hand in Let It Ride, yet they cap the payouts, limiting what they will pay on an entire table's hands from $25,000 to $100,000. The Gaming Board proposes a regulation mandating the aggregate payout limits. Brooke Dunn - vice president of sales and marketing at Shuffle Master, which owns and markets Let it Ride - defends the current payout limits: "The aggregate is set by the market conditions casinos compete in, just like table betting minimums and maximums." Gaming Control Board Chairman Steve DuCharme says, "It would appear some operators have set the cap artificially low. We've had several complaints about the aggregate payout limits, and while they're fully disclosed, patrons seem not to notice the caps until after they've won." DuCharme explains the options available to casinos according to the prposed ruling: "They can raise or eliminate their aggregate payout limits to conform with their maximum bets, or they can lower the size of their maximum bets to conform with their payout cap." |
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