The short answer is YES!
The easiest part of the conversion from a $10 to a $40 Silver Strike machine is changing the denomination of the machine. That can be done without approval from gaming.
The next part is making a house $40 with a different composition than the approved one with Nevada Gaming. That has been done, there are clad and multi metal strikes approved.
Then you have to have new dies made, cost the same as a $10 die so not a factor.
The QQQQ typically does 2 red of 500 each. So the 500X2= 1000 red caps. So 500 ounces of silver times 71.66 would be about $36,000 in just metal for the tokens. You also would need a bunch of clad strikes, maybe 4000 minimum so add another $32000 for clads to fill in between the reds and blues. Oh wait, now you need another 1000 blues added in, tack on about $10,000 for that.
Now you have to figure out what do you do for the current $40 machine. Do you take it off the floor or do you make it a $160 top token prize. If you keep it on the floor, base house strikes are now $40, so $160 is the yellow cap. Gaming has to approve that. Even if you only run 800 or them and they have 3/4 ounce of silver, you are adding another $45,000 to production.
Now you have the logistical issues with how is the cage going to deal with it, essentially there would be only $40 and $160 tokens out on the floor. But what do you do with all the $10's out there. You have to call them in and destroy them. That's not free.
So basically the conversion to $40 clads (plus special red and blue) and $160 token would require about $150k to implement. Could the QQQQ do that? Sure, you do get the money back as the tokens are played for. But, is that the first priority after doing a $24,000,000 renovation and tourism down a bit? It probably is not a priority.
So for now, we just have to enjoy what they put out, everyone knows the only way the program goes forward is $40 tokens at $3 bet. It's just not quite here yet. Silver prices could derail silver in the $40 or the $160 (or any other denomination) but we hope someday to see a little silver again.
Paul
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