Myvegas Blackjack Loyalty Points
Social gaming provider PlayStudios announced Monday it was merging with Acies Acquisition Corp., a publicly traded special purpose acquisition company led by former MGM Resorts Chairman and CEO Jim Murren in a deal that values the Las Vegas-based game developer at $1.1 billion.
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- My pop slots loyalty points are off doing their own thing right now. All 4 games were merging loyalty points seamlessly and for the last 2 days playing all 4 games pop slots is at around 165k loyalty points (I’ve been playing that the most) while the other 3 are still merging together and are at 152k.
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- Free Coins for MyVegas Blackjack. The only way to earn the coveted Loyalty Points from MyVegas Blackjack is by actually playing the game. While links used to provide a nominal amount of Loyalty Points, they are no longer offered and the only way to earn your way to real Vegas rewards as by playing all or any of the Play Studios games.
PlayStudios, which was founded in 2011 by longtime gaming executive Andrew Pascal, offers free-to-play casual games on mobile and social gaming sites through its myVegas platform.
MyVEGAS Blackjack does not offer real money gambling. PLAYSTUDIOS, the developer of myVEGAS Blackjack, is not affiliated in any direct or indirect way with any real-money gambling operations on other domains. Virtual chips used in myVEGAS Blackjack have no real-world value and cannot be redeemed for anything of value. The only way to earn loyalty points is by completing achievements on 'my strip' or betting a enough chips. After completing the 'my strip' board, I ended with 63,000 loyalty points at level 113. To put into perspective, a buy one get one free Gelato is worth 2500 loyalty, 10 dollar freeplay is worth 10000 loyalty, crepes at the Aria is worth.
Through the transaction, which includes several institutional investors providing a private investment in public equity (PIPE) of $250 million, PlayStudios will emerge as a publicly traded company on the Nasdaq.
PlayStudios shareholders will own 64% of the company and the PIPE participants will own 18%. Acies sponsors will own 3%, and 15% of the company will be available on the open market.
The transaction’s valuation of $1.1 billion is based on two-and-a-half-times PlayStudios’ projected 2022 revenue of $435 million, or 12.3-times its project cash flow of $90 million. The deal for PlayStudios comprises 89.1 million shares of Acies common stock and up to $150 million in cash.
The $250 million PIPE will become $10 per share of common stock in Acies immediately prior to the transaction closing, which is expected in the second quarter.
Pascal will continue to lead the combined company along with the current management team. Pascal will also remain a significant equity participant in the company, according to a statement.
Pascal said the move to becoming a public company – the first for a mobile games company that offers players real-world rewards – will allow PlayStudios to accelerate its growth to launch new products and fund acquisitions.
“From our inception, we set out to create wonderfully compelling games that were free-to-play and offered real-world rewards,” Pascal said. “We’ve now demonstrated the positive, long-term impact of this value proposition with our current portfolio of apps, and we’re poised to carry that success into new products and new game genres.”
PlayStudios has the exclusive social gaming and mobile rights for Las Vegas casino resort properties operated by MGM Resorts. The casino company is also part of the institutional investors providing money through the SPAC. Others participating in the PIPE are funds and accounts managed by BlackRock, ClearBridge Investments, and Neuberger Berman Funds.
Murren, who retired from MGM Resorts last year, formed Acies with co-CEOs Dan Fetters and Edward King, who are former managing directors at Morgan Stanley.
“Within today’s vast and growing games market, PlayStudios is unique in offering their audience the opportunity to play for fun and earn for real,” Murren said in a statement. “They know how to make engaging and enduring games and stand apart in having harnessed the power of a robust and full-featured loyalty program.”
PlayStudios loyalty program – playAwards – allows players to earn rewards from a collection of more than 80 partners and 275 entertainment, retail, travel, leisure, and gaming brands. To date, PlayStudios used have collected in-app loyalty points to purchase more than 10 million rewards with a retail value of nearly $500 million.
PlayStudios has offices and design studios in Burlingame, California; Las Vegas; Austin, Texas; Hong Kong; and Tel Aviv, Israel.
Pascal has developed several gaming companies, including WagerWorks and Silicon Gaming. He also served as president of Wynn Resorts’ two Las Vegas properties, Wynn Las Vegas and Encore before founding PlayStudios.
Last year, Pascal and members of his PlayStudios team collaborated in the development of COVID Trace, a digital contact tracing app designed to slow the spread of coronavirus. COVID Trace is positioned to become the most effective exposure notification solution in the U.S. and a model for other states working to control the spread of the virus.
Upping its presence
PlayStudios upped its presence and messaging during the COVID-19 pandemic when stay at home orders were issued. The company launched an advertising campaign in Las Vegas and Denver dubbed In Is The New Out, which followed a young couple practicing social distancing at home and includes them playing the myVegas slot games for entertainment.
Pascal said at the time the partnership with MGM Resorts allowed the company’s customers to play slot and table games in a virtual Las Vegas setting. With casinos closed, the games on myVegas, including myVegas Blackjack, offered MGM Resorts a way to maintain its presence with customers.
“From the beginning, we envisioned myVegas as an entertainment product that also served to drive tourism to Las Vegas,” Pascal said last April. “It’s a very unique approach to promoting the city, and with the awards offered by our partners, we’re able to take players who may have never planned to visit Las Vegas and turn them into repeat visitors.”
PlayStudios struck a partnership with Konami Gaming for KonamiSlots. In 2016, PlayStudios acquired Tel Aviv-based game studio Scene53 and launched its Pop! Slots mobile app.
Competition
In 2019, slot machine developer Scientific Games spun off its social game division into SciPlay, a separate public company. The Las Vegas-based gaming equipment provider maintained a 17% ownership stake in the new company.
In January, Israel-based Playtika, developer of mobile games including many social casino titles such as Slotomania and WSOP, announced an initial public offering that could help it raise $1.67 billion.
In 2016, a group of Chinese investors including Giant Network Group Co Ltd. and Yunfeng Capital, a private equity firm founded by Alibaba Group founder Jack Ma, acquired Playtika from Caesars Interactive Entertainment for $4.4 billion.
Howard Stutz is the executive editor of CDC Gaming Reports. He can be reached at hstutz@cdcgaming.com. Follow @howardstutz on Twitter.
In this game, I mostly played the Single Deck, 3/2 Blackjack payout, DAS, no surrender, 2 splits max, dealer checks for blackjack, shuffles after every game (continuous shuffler). They also have 6 deck and free bet blackjack with the same rules as above. I have not purchased any chips, I earned chips by collecting 3200 chips every 4 hours and the playing spin wheel for chips which has a 3x multiplier for consecutive play. This method of acquiring chips was patched out with ShaqJack, it is now significantly harder to acquire chips through bonus rounds.
You can earn loyalty points which you can redeem on MGM properties and MGM partners. The only way to earn loyalty points is by completing achievements on 'my strip' or betting a enough chips. After completing the 'my strip' board, I ended with 63,000 loyalty points at level 113. To put into perspective, a buy one get one free Gelato is worth 2500 loyalty, 10 dollar freeplay is worth 10000 loyalty, crepes at the Aria is worth 10000 loyalty, and 25 dollar freeplay is worth 50000 loyalty. In order to redeem the loyalty points, you must either dine at the restaurant or stay at the hotel. In my opinion, anything above 50000 loyalty is unobtainable. Most of the freebies are not worth it since you get them already as a M-Life member.
I am confident the cards in this game are rigged. Anytime you bet big you can expect to lose or push. Anytime you have a split with a double, you can expect your hand to lose. There are a set of collectibles you can earn by playing. Once you've earned enough collectibles, you unlock the next stage which means your minimum is now higher. I have always tried to bust collectibles on purpose to keep my minimum low but they will make sure you win. I have hit 20s and received an ace, I have hit 17s and received 4 aces all the way to 21. These have happened a lot more than it should.
You would think the objective of the game is to get casual players to dabble into blackjack which then gets them to play with real money at the tables in Vegas. They have implemented a feature named 'Bold Plays' where the screen flashes and special effects go off when you do something 'bold' such as splitting 10s, doubling anything 12 or over, and doubling 7 or less. This encourages bad plays. Casual players will be more likely to do a 'bold play' in real life with real money. In my opinion, this game does not need to rig cards to get people playing in Vegas. I think the loyalty bonuses and the Bold Play meter is enough so why rig the cards? Blackjack continuous shuffler has a house advantage and is uncountable so players will lose chips over time.
I am so offended by the fact that the cards are rigged and that's why I was so driven to beat this game without spending any real money. I wanted to earn as much loyalty points as possible and then redeem the most expensive thing I could. If you are playing this game, just earn enough loyalty to buy a Gelato or a crepe then stop. As I said above, earning more than 50,000 loyalty points is unrealistic and it will cost you more time than the money to pay for the real thing. If you decide to continue playing, my best advice to you is BUY THE INSURANCE!!! The dealer definitely has Blackjack.
edit: grammer
I have been playing myVegas Blackjack since it was released...
I am confident the cards in this game are rigged...
Hi Kutsu, and welcome to the forums. While I'm not saying you're correct or not, you certainly aren't the first person of accusing an online game of being rigged. I'm not 100% familiar with myVegas, other than it's a facebook game and I think you can earn TR points through it. Can you actually bet real money? Even so, let me not get distracted from my point... If you're going to accuse any site/game/etc of cheating, you must have substantial (and detailed) information to support your claim. How many hands have you played? Have you been flat betting the entire time (thus how much have you wagered)? From there you can derive the house edge and how much theoretically you should have loss and compared it to your actual results. How many times has the dealer blackjacked in these hands? These are all metrics that need recorded EVERY hand.
Anyone in the world could come in here and say 'omg guys, I've been playing this game for EVER and I never win!' Then we come to find out they played it a lot, last week. You need to have hundreds of thousands of recorded hands. Video evidence is by far the best because it shows you aren't skewing the data personally. When you have hundreds of thousands of hands/spins MINIMUM then you can start to tell if a game is 'cheating' or not because there is an Expected Value and Standard Deviations for the mathematics of the game. At that point you have enough data to analyze where your results fall and conclude that if they're outside of the realm of possible, thus a site is cheating.
Still, I want to thank you for your feedback, and welcome you to the forums. I just hope if you claim any online site/game/etc is cheating that you'll understand most of the math minds on this forum want a little more than your word.
I have been playing myVegas Blackjack since it was released. I have just recently finished grinding out all the gold achievements on the 'my strip' board. My strip currently ends at Luxor and they have not added more since the past two updates. There are 3 more stages to go, Monte Carlo, Mandalay Bay, and Bellagio before you 'beat the game'. Instead of adding these stages, the last two content patches added a slot machine into a Blackjack game and added ShaqJack (Burn 20 Blackjack).
In this game, I mostly played the Single Deck, 3/2 Blackjack payout, DAS, no surrender, 2 splits max, dealer checks for blackjack, shuffles after every game (continuous shuffler). They also have 6 deck and free bet blackjack with the same rules as above. I have not purchased any chips, I earned chips by collecting 3200 chips every 4 hours and the playing spin wheel for chips which has a 3x multiplier for consecutive play. This method of acquiring chips was patched out with ShaqJack, it is now significantly harder to acquire chips through bonus rounds.
I assume you are playing the app version rather than the Facebook one.
Questions for you: what is the chips per XP rate, and what (if anything) is the XP cap per deal?
On the Facebook version, you get 1 XP for every 2 chips bet, but there is a maximum XP per deal (not per hand, as if you play multiple hands, the cap applies to all of the hands put together), although you can gain XP on splits and doubles even if your bets are at the cap. The last time I checked, about 6 months ago, the cap on the Facebook app was 60K XPs per deal.
she claims accounts that have an overabundance of saved chips (3 to 7 million) will get depleted down to a few hundred thousand chips very quickly while playing a quest(whatever that means) down to 100k to 200k betting around 3k a spin.
Betting the same amount on accounts that have significantly less chips (100k or so) she will finish the quest down a little or up a little.
