Analytics for Casino Operations Kindle Edition

Analytics can be defined as taking a vast amount of data and organizing into an easy-to-read summary.Looking at a bottom-line report that would say Table Games won $500,000 for a month and has 25 total games; the win per unit will be $20,000. Casino Analytics will demonstrate how this was achieved. It was because Baccarat Dropped $6,321 per hour on Fridays on Swing and won $931 per hour for each time a table was open compared to a Tuesday where a Baccarat table dropped $7,565 and won $1,109 per hour on Swing for each table that was open.Looking at the bottom-line report if a casino has 1000 slot machines and made $5,000,000 the win per unit will be simply $5,000. Casino Analytics will tell you about a game in Area C (or Charlie) that made $632 a day, but the identical game made $1,372 a day in Area D (or Delta).Bottom-line reports will say the final numbers, but analytics will show how you got there by taking a vast amount of data and converting the data to concise and easy to read reports that are easy to set up and even easier to update on a daily, monthly, quarterly, or year over year time frames. Analytics is essential for increasing market share and revenue per unit by having a better understanding of what the guest is demanding as to what and where they want to play.The book was developed with the assumption that the user does not have an expert understanding or knowledge of spreadsheet programming. The book will go over each formula and graph in detail by using step-by-step procedures. Upon opening the book, spreadsheet programming may be a challenge, but by the end you will not be intimidated by the functions that are being used.The book is essential for a supervisor wanting to become a manager, a manager wanting to become a director, or a director who wants a better understanding of Casino Analytics. Read more