The clubs opened and had gaming that was affordable for every patron. Slot machines offered a single-pull of the handle for a nickle and you got a small payoff ($7.50 usually) for a jackpot. Table games were available at $1 at the DI, and in Reno, Harrah's and Harold's had dime and then quarter games. When I broke-in twenty years ago, you could still play craps and roulette for a quarter (yup, 25-cents). The clubs took their income and paid their mortgages until they owned the buildings. They paid reasonable wages and worked with the money that came in. Pretty simple.
There were plenty of $1 and $2 blackjack tables in Northern Nevada in the 1970's and even 1980's. Players were excited to buy a stack of twenty chips for $20 and didn't really have any trouble losing their money - often betting more than the minimum. The simple fact is, you could go out and have a $4.95 prime rib dinner, play $10 in slots and $20 in blackjack or craps and have a nice evening. With inflation of even 100% you should still be able to have a nice evening for $100. But, you can't.
Greed got the casinos where they are. Common sense could get them plenty of low-roller players, but they all mortgaged their future battling each other for the BIGGEST and the BEST. I think a huge majority of the casinos across the United States are screwed right now.
Little clubs with low overhead and no back-log of bills can make it just fine.
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