A slot is a narrow opening or groove. It is used to receive coins or other items. It can also refer to an open time on a calendar or to an assigned position. The term is also used in sports to describe the area between two face-off circles on an ice hockey rink.
Casino managers are eager to increase their slot machine contributions to revenues and profits, but they are also aware that players will detect concealed price increases. This terrifies casino operators, as they fear that players will defect to other casinos rather than be exposed to increased prices.
Research has shown that slot machine profitability is affected by a number of factors, including payout rates, jackpot sizes and promotions. Nevertheless, it is difficult to determine whether the relationships between these factors are statistically significant. The goal of this study is to test the assumptions of a previous empirical study in order to develop a new methodology for evaluating slot machine performance.