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Emilio Rivera, from Barstow, inserts coins into a slot machine at Circus Circus Hotel & Casino in Las Vegas. (Marcus Yam / Los Angeles Times) “Those machines will be around as long as we can keep them working,” Fitzgerald said. “It’s become more and more difficult to find parts for them, but we have a few slots we can take parts from still.” Mark Yoseloff, executive director of the Center for Gaming Innovation at the University of Nevada Las Vegas, said coin machines can’t keep up with the lifeblood that makes casinos run — something called “the velocity of money.” He said that, as with banks, casinos’ main product is cash. And having cash tied up for hours at at time in the bellies of machines on the floor — it could be millions of dollars at a time in the old days — is a big brake on profits. Speed of spins also equates to more revenue. “Machines today will get maybe 500 spins an hour or more, whereas in the old days, you were lucky to get 200 to 300 spins per hour,” Yoseloff said. “It almost doubled the velocity of money.” For those in a mood for nostalgia, the gaming convention kicked off with Las Vegas Mayor Carolyn Goodman presenting Vanna White with a key to the city. White’s tie to the old Wheel of Fortune television show ignited the industry 20 years ago, inspiring a brand of “Wheel of Fortune” slot machines that took over casino floors. Over the years, they paid out $3 billion in prizes. But even those machines are largely coinless now; quarter slot machines are analog in a digital world. Even the sound of money clanking in trays has been replaced by machines that emit an otherworldly sound, pre-recorded, that sounds like, but isn’t, the spill of a jackpot.
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