NanoTech Entertainment Inc (NTEK)

[readthechinastudy]

Excellent interview with Aaron Hightower.

Here are some interesting excerpts from an interview that Aaron Hightower recently did with High Roller Radio about Vegas 2047 this month.

The full 3-part interview can be found here:

http://highrollerradio.net/Vegas_2047.html

Hightower [Part 2, 0:56]: If [players] go into a casino and they win a bunch of money, they don’t have as pleasurable of an experience, because the casino is upset about them winning. In my opinion, this is completely wrong. It goes against the whole idea of gambling in a Las Vegas casino...you should be allowed to win. And, when you win, you should be allowed to be happy. Our game is designed with those tenets in mind. The casino does not experience any exposure. If you win and beat them out of $10 million in a year, it doesn’t matter to the casino, because the way that the game works, all of the EV is balanced between all of the different players and any exposure to [the casino] is made up by an extra EV to another player. The house gets exactly the house edge that they select, no more and no less in the math model.

HRR: So if a guy comes in, and he’s an expert pinball player, and he does really well, he leaves, and then I come in, am I at a disadvantage?

Hightower: If he just finished a game and he just made the high score on the game, then it will actually affect the EV on the subsequent game a miniscule amount. Every single game is recorded into the game history.

Hightower [Part 3, 8:14]: This is where we want to change things. It’s OK for the player to win. The casino should want the player to win. There’s just been kind of a contamination of the entire culture. It’s starting to be repaired…. The reason I’m saying this, there are people in the pits, there are people running the casinos that don’t understand, frankly, what they are doing. That culture needs to change. They don’t need to get mad when people win. They need to get happy. They’re there to provide a service and entertainment. The service is not to take everbodys’ money as quickly as possible. And that’s where the casino [industry] also has some learning to do in my opinion.

Important takeaway: The advantage player math model that Hightower is talking about protects casinos from losing over the long run. Yes, they might lose money to a good pinball player, but the math model ensures they make it back from other, less experienced, players. What casino wouldn't want that assurance?