Now, on to our least favorite part of players club changes, but where the info is usually lost on most. The math. Thankfully, someone on the Vegas TripAdvisor forum helped us along:
Here's the math. I'm leaving out the tier bonus, because I think it was about the same.
Under the old system, $3,000 in coin in would give you 1,500 points. That turned into $15 in freeplay and $30 in Express comps, so your total reward was $45. Under this system, the $3,000 in coin in will give you 1,000 points. That will result in $10 of freeplay and $10 in Express comps for a total of $20, a reduction of $25.
In addition, it will require you to play more to maintain your tier level. Platinum requires that you have 200,000 tier credits. At 10 tier credits per point, you need 20,000 points. Under the current system, you need $40,000 coin in to make platinum. Under the new system, you will need $60,000 coin in to make platinum. If you are a player who had just enough points to make Platinum under the current system, you will lose the Platinum bonus unless you dramatically increase the amount you play. The $40,000 coin in that made you Platinum before will only get you 133,333 tier credits under the new system.
Another way of looking at it is to look at how much it costs the player who just made Platinum with $40,000 coin in. That individual would have received $200 in slot play and $400 in express comps, or $600 total. Under this system, that player will get $133 in slot play and $133 in Express comps for a total of $266, a difference of $334. Doesn't sound like a very good deal to me.
Many people liked having the rolling expiration date for their credits because that allowed more flexibility in their travels. This change will freak a lot of people out since October is right around the corner, but in truth it only makes MLife more similar to Total Rewards.
For better or worse, MLife has taken on a "rich get richer" reward system where the more you play at MGM properties the more comp points you earn. This is similar to Club Grazie. The real negative to this change is that many players will see less of a return for what they play than they used to.
Stay tuned for more "As The Players Club Turns"...
(PHOTOS: MGM Resorts)