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Cosmo events rest of year

Discussion in 'Exclusives from The Cosmopolitan' started by kannedham, Sep 19, 2020.

  1. VegasMonkey

    VegasMonkey the pleepleus
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    Pretty typical of most properties that won’t let you use a free play offer and be in a tournament in the same trip.
     
    CosmoGrlxo likes this.
  2. cryptopiggie

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    im in. prob the wrong decision
     
    CosmoGrlxo likes this.
  3. Cosmo_Slot_Vice_President

    Cosmo_Slot_Vice_President Cosmopolitan VP
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    For what it's worth, in my opinion, buy in tournaments - especially ones formatted like this are the best "gambling" that money can buy.

    Yes, you have to 'give up' your regular marketing offer of freeplay; but even if you assume we'll fill the event with 60 people - you're getting 1 in 20 chance to win $25,000 cash. (3 tournaments that have 1 in 60 odds in each.)
    You're guaranteed at least half your money back even if you get last place each time.
    So for at worst of just $1,500 dollars of your gaming budget for the trip, you have extreme upside.

    I think you're making the right choice!

    -KS
     
    Stasi74, Hoofy7, momnkid and 10 others like this.
  4. CherriesJubilee

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    Kevin, Do ya'll have any insights into whether or not there's going to be fireworks this NYE?
     
    aprilroncincy likes this.
  5. Cosmo_Slot_Vice_President

    Cosmo_Slot_Vice_President Cosmopolitan VP
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    We are under the impression that there will be fireworks on the strip for NYE.
     
  6. probdrunk

    probdrunk Member
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    Kevin, in a slot tournament i see some of the top prizes are paid out in cash. Is it possible to get them as identity play instead? Of course are required to self report profit on taxes at year end but no official 1099 from the casino
     
  7. Cosmo_Slot_Vice_President

    Cosmo_Slot_Vice_President Cosmopolitan VP
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    No. Our buy in tournaments have cash prizes since there is a cash payment to enter. And if we didn't give out the cash that funds the buy in/cash prizes, the customers would cause an uproar.
    If cash is offered (or an item that has a cash value such as a car), it is illegal to give just free slot play instead (and not tax it).
    Some casinos may do it, but it's illegal.
     
    CosmoGrlxo and Chuck like this.
  8. probdrunk

    probdrunk Member
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    That makes sense, Thanks
     
  9. cryptopiggie

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    will there be 60 people
     
  10. Cosmo_Slot_Vice_President

    Cosmo_Slot_Vice_President Cosmopolitan VP
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    I hope so, more likely looking around 52-55.
     
    CosmoGrlxo likes this.
  11. KingJasonSlots

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    +1 for the tourney. Excited!!
     
    CosmoGrlxo, LeaLea and Elf70 like this.
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