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How Much Do You Need To Spend At The Casinos To Obtain The Highest Tier Reward Membership?

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The Economics of Membership for Casinos

Casinos probably have the most creative ways to make you gamble more, or to “trap” your money in their loop.

One such way Casinos make full use of the various businesses they own is to create membership programs to increase customer loyalty.

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The economics of gambling in the Casinos: Amount Spent vs Membership Points

With the casinos at war for Singaporeans’ money, we did a comparison between their membership system to find out which is more worth it.

Singaporeans and Permanent Residents of Singapore have to pay an entry levy to enter either of the casinos. The two types of entry levy are day levy at $100 or an annual levy at $2,000.

We take a look at how much a Singaporean needs to spend to hit the highest tier for his membership.

The assumptions are:

  • He embarks on an annual levy to help him achieve his highest tier for his membership.
  • He aims to hit the highest tier of GoldPlus for his casino membership
  • He visits Genting Resort World Singapore to gamble and collects points.

We are using Genting Resort World Singapore(RWS) as an example.

Here’s how much a Singaporean needs to spend at the casino to hit various tier for his Genting membership.

Tiers Total Tier Points RM required to hit tier SGD required to hit tier
(Assuming 1 SGD = RM3.02)
Classic/ SkyClassic 99 Tier Points or less RM0 – RM9,900 $0 – $3,280
Silver/ SkySilver Minimum 100 Tier Points RM10,000 $3,313
Gold/ SkyGold Minimum 500 Tier Points RM50,000 $16,566
GoldPlus Minimum 3,000 Tier Points RM300,000 $99,400

  • The above chart shows that a Singaporean needs to spend $99,400 a year to up his membership tier to GoldPlus.
  • For RWS, every RM100 spend, you will earn 1 Genting Point and 1 Tier Point.
  • Each Genting Point can redeem $1 worth of purchase at any of the participating outlets.
  • The tier point has no monetary value, and it is only to help member move up the tier.

Here’s how much it will costs him per year to reach GoldPlus:

Expenses Costs
Casino annual levy $2,000
Amount spent at the Casino $99,400
Total Costs per year: $101,400
Amount recouped from blackjack $43,736
Genting points received in kind $3,000
Final Costs per year: $54,664

  • Assuming the gambler only gambles at the blackjack table where the odds of winning is the highest, compared to the rest of the games.
  • At 44% winning rate, assuming the gambler managed to recoup 44% of his gambling money.
  • He will also receive $3,000 worth of Genting Points which is equivalent of $1 at participating outlets.

Final costs to attain membership at RWS Casino

The final cost of a GoldPlus member is at $54,664.

That works out to be gambling $4,555 per month! While it comes with benefits, we are not sure if it’s worth the money.


Further Reading: Sands Rewards Membership at Marina Bay Sands

The reward system at Marina Bay Sands can be a little complicated.

They have two different loyalty programs, namely Sands Rewards Lifestyle and Sands Rewards Club.

The Sands Rewards Club is mainly targetted at the Casino spenders, gamers.

Sands Rewards Club (Casino gamers) Tiers, Benefits and Requirements

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Sands Rewards Club members earn Sands Points and Sands Dollar on their Casino spends. When you gamble at the Casino, the amount spent (excluding levy) will be converted into Sands Points.

These Points will then be converted into Sands Dollar which can be used to redeem free games or goods and services at Marina Bay Sands.

How much do you need to spend to get these rewards for Sands Rewards Club?

The Sands Rewards Club comes in 5 different tiers. Here’s how much you need to spend to qualify for each tier.

Tiers Sands Points required to qualify Sands Dollars which each Sands point can convert for
Sands Premier FREE $1
Sands Gold 68 $1.50
Sands Platinum 388 $1.75
Sands Diamond 1,288 $2
Paiza Gold 3,888 $2.25

The amount of Sands Point has to be collected within 12 months.

Do note that as one moves up the tier, he earns more Sands Dollars for each Sands Points earned. The more you spend, the more Sands Dollars your points can be exchanged for.

The rate of accrual of Sands Points and Sands Dollars may vary from member to member. The rate of accrual of Sands Points and Sands Dollars shall be determined at the sole and absolute discretion of Marina Bay Sands. This is also why autopilot trading was not able to find out the exact amount one needs to spend to get to Sands Diamond member.

What can I redeem with Sands Rewards Club Dollars?

What can I redeem? Where? Tier Redemption rate
Free game at Slot and Table games Slot Machines
Membership Kiosks
All $1 Sands Dollar = $1 Free Play
Goods and Services Marina Bay Sands
Food and Beverage Outlets
All $1 Sands Dollar = S$1
Participating Retailers Sands Premier $1.2 Sands Dollar = $1
Sands Gold $1.15 Sands Dollar = $1
Sands Platinum $1.1 Sands Dollar = $1
Sands Diamond
Paiza Gold
$1 Sands Dollar = $1

  • Do note that the minimum redemption of Free Play is 5 Sands Dollars for Slots and 10 Sands Dollars for Table Games.

Benefits of the Sands Rewards Club?

Expenses Costs
Casino annual levy $2,000
Amount spent at the Casino $99,400
Total Costs per year: $101,400
Amount recouped from blackjack $43,736
Genting points received in kind $3,000
Final Costs per year: $54,664


Genting Rewards Membership at Resort World Singapore (RWS)

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The reward system at Resort World Singapore(RWS) has 2 different types too.

They have two different loyalty programs, namely Genting Rewards Casino Cards and Sky Cards.

The Genting Rewards Casino Cards program is obviously targetted at the Casino spenders, gamers. With every RM100 spend, you will earn 1 Genting Point and 1 Tier Point.

How much do you need to spend to get these rewards for Genting Rewards Casino?

The Genting Rewards comes in 4 different tiers. Here’s how much you need to spend to qualify for each tier.

Tiers Total Tier Points RM required to hit tier SGD required to hit tier
(Assuming 1 SGD = RM3.02)
Classic/ SkyClassic 99 Tier Points or less RM0 – RM9,900 $0 – $3,280
Silver/ SkySilver Minimum 100 Tier Points RM10,000 $3,313
Gold/ SkyGold Minimum 500 Tier Points RM50,000 $16,566
GoldPlus Minimum 3,000 Tier Points RM300,000 $99,400

The amount of Tier Points has to be collected within 12 months.

Benefits of the Genting Rewards

Benefits Classic Silver Gold Platinum
Stay
Earn & redeem Genting Points (GP) for room night(s) YES YES YES YES
Exclusive members’ preferred room rates YES YES YES YES
24-Hours concierge services YES YES YES YES
Priority hotel check-in and late check out at Maxims, Genting Grand, and Crockfords YES
Room reservation via Host YES
Free Wi-Fi at Maxims, Genting Grand and Crockfords YES YES YES YES
All day parking Fees Apply Fees Apply Complimentary Complimentary
Guaranteed Room for reservation made 72 hours in advance via Host YES
Complimentary room upgrade YES
Play
Earn & redeem Genting Points (GP) at participating outlets YES YES YES YES
Invitation to membership programmes, parties and events YES YES YES YES
Invitation to VIP tournaments & events YES YES
Access to VIP Gold gaming area YES YES
Access to VIP Platinum gaming area YES
Complimentary residency show tickets (per show) 2 pax 6 pax
Complimentary Golf rounds at Awana 6 pax
Shop
Earn & redeem Genting Points (GP) at participating outlets YES YES YES YES
Members Day double point shopping YES YES YES YES
Exclusive invitation to pre-sales YES
Personal shopper experience YES
Dine
Earn & redeem Genting Points (GP) at participating outlets YES YES YES YES
Priority lane YES
Priority reservations for premium view YES
Access to private dining rooms YES
Exclusive Chef’s Table seating YES
Exclusive invitation to private dining events YES
Member
Exclusive members’ birthday offer YES YES YES YES
24-Hour immediate card replacement YES YES YES YES
24-Hour dedicated membership hotline YES YES YES YES
Supplementary card with joint points usage YES YES YES YES
Pre-early bird sales for concert and shows YES YES YES YES
Members appreciation night YES YES
Priority service at Genting Rewards Card Center YES
Priority service at Casino Cashier YES
Limousine reservation via dedicated membership hotline YES YES
Air tickets reservation via Host YES
Priority lane access and sponsorship for Awana Skyway Self + 2 guests Self + 4 guests Self + 8 guests

The post How Much Do You Need To Spend At The Casinos To Obtain The Highest Tier Reward Membership? appeared first on autopilot trading – Get Rich Or Die Tryin’

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