casino dealer newsletter

i noticed a thread about dealer income that unfortunately veered off the subject.

here is a web address of the august, 2006 casino dealer magazine that is FACTUAL.

i personally know at least 4 dealers who make over 100K a year - they started out over 20 yr ago in the small places, all 4 now work at bellagio or wynn - 1 left wynn to go back to bellagio since tokes at wynn were not as good.

it takes many, many years to move up the totem pole and get in a good casino now - if you call a dealers school they tell you that on average the yearly income, including tips and wages is about 25-30K to start and you are in dives. the more skill the better the casino of course - this is just a guideline.

read this and get the true skinny

http://www.thedealersnews.com/page1.htm

casino dealer newsletter

Well done Bfan

casino dealer newsletter

Thanks for the link...interesting...added to my favorites!

Brenda :~)

Great piece of information...

But the numbers still don%26#39;t add up to 100K...although they do begin to approach it at the very top-end joints (but at absolutely no other casinos).

At Venetian, the highest figures on the table, the average ';tokes'; per day was $308; at Caesars it was slightly less.

Now, July is a slightly busier than average month for Las Vegas (2.85% above the monthly norm in 2004 and 5.43% above the norm in 2005)...so there needs to be a slight downward adjustment to equate these weekly figures, assuming they are accurate, to an annualized income estimate.

Assuming 50 working weeks of 5 days per week, the total unadjusted tip take home would be $77,000. Add-in a minimum wage allowance (2,000 hours at $8 per hour), and the total income for Venetian dealers would be $93,000.

Adjust for seasonality, and the figure would be in the upper-$80K region...which is at the high-end of the range cited by most posters.

The most telling statement in the newsletter relative to the on-going conversation is:

';ALSO NOT BAD

The dealers at New-York, New-York

avegage (sic) about $135 a day in tokes';

That equates to annual take home income of about $50,000. If that is considered ';not bad'; by industry insiders, you know the $100K mark is an abberation.

So it would seem $30,000 +/- to $80,000 still remains the correct spectrum.

bridgefan_1, I posted this in the other thread:

Hmmm, maybe midgetmama was right.

According to the website bridgefan_1 referred to:

http://www.thedealersnews.com/page1.htm

The average tip for a dealer at Caesars Palace (based on a week in July) was:

MON = $377

TUE = $244

WED = $179

THU = $193

FRI = $414

SAT= $366

SUN= $262

__________

Total $2,035 divided by 7 = $290/day avg.

$290 X 5 (5 day work week) = $1,450 week

$1450 X 50 = $72,500 year

Add the hourly wage reported by VHB of $15.00 an hour = $30,000/yr

$72,500

+ $30,000

________

$102,500 annual wages

The tokes for the Veneian dealers were even higher = $77,000 avg/yr. I wonder what the tokes avg. at the Bellagio and Wynn?

So VHB, do you dispute these figures?