palms redefines the Vegas gambling scene
Casino Palms Introduces Unconventional 3:2 Payouts Across All Blackjack Tables
Ready to shake things up in Sin City? Palms Casino Resort just issued a challenge to the Las Vegas gaming industry, shifting their blackjack payouts in favor of gamblers to give them a better edge against the house.
The move, announced on Valentine's Day, affects blackjack tables on the main casino floor and the high-limit room alike, making Palms the only casino in town to offer 3:2 payouts to all its blackjack players. Previously, while some Palms tables offered the welcomed 3:2 payouts, other tables sported the less favorable 6:5 rate.
stepping up competition
For those who value their gaming dollars, 3:2 tables pay $15 on a $10 wager, while 6:5 tables max out at $12 on the same bet. According to the Las Vegas Review-Journal, Palms Vice President of Gaming Scott Hager, in his statement, emphasizes the casino's dedication to providing top-tier table games and an unrivaled experience for visitors.
Although Hager's words don't offer a clear strategy behind the casino's move to 3:2, player advocate and co-owner of VegasAdvantage.com, John Mehaffey, suggests that the casino's executives acted on a golden opportunity in a post-COVID landscape. As casinos recuperated from the pandemic's blow, Mehaffey believes operators raised table minimums and introduced house-friendly games like triple-zero roulette and, of course, the less player-friendly 6:5 blackjack.
"They've found the price point where there was pain," Mehaffey states. "Maybe they're walking some of that back in the name of value, because they realized we can't make a profit at $5, but maybe if we get $5 players in here, we can get them up to $10 to $15 players, and that's better than having nobody in here."
palms redemption: new beginnings after a rough start
Palms' move comes after the resort endured a challenging start post-acquisition by the San Manuel Band of Mission Indians from Station Casinos in 2021. The property suffered a prolonged shutdown due to the pandemic before reopening in April 2022. Shortly after the deal, a possible double murder-suicide claimed a life in one of Palms' hotels, followed by the brutal murder of a sex worker, Larissa Garcia, last year.
Thankfully for casino goers, the new 3:2 payout means Palms will not be lifting table game minimums. Moving forward, it will be exciting to see how Palms continues to carve its niche in the increasingly competitive Las Vegas gaming scene.
- The Palms Casino Resort, aiming to redefine Vegas' gambling scene, is now the only casino in town to offer a 3:2 payout rate in all blackjack games, providing a better edge for gamblers.
- In response to the Palms' move, John Mehaffey, a player advocate, speculates that casino executives saw an opportunity in a post-COVID landscape, aiming to attract more players with higher payouts.
- The shift in blackjack payouts at Palms Casino-and-Gambling is a part of their commitment to offering top-tier casino-games and an unparalleled experience for visitors.
- Despite the casino's rocky start post-acquisition, the new 3:2 payout and the decision to keep table game minimums indicate that Palms is determined to establish a strong presence in the competitive Las Vegas casino market.
