After the conversion to MGM Rewards in February, players saw a hit in tier credit earnings, with the blow temporarily softened by a 2x tier credit promotion that ended April 30. The question then became, will they do any other tier credit multiplier promotions or is that going to be it?
A few weeks after that expired, the 2x tier credit promotion was revived through August 31. This was on both your gaming and non-gaming spend in Las Vegas. And now, the latest email confirms that this will now continue through the end of December, in the same format as before, for Las Vegas players.
This means that between February 1 and December 31, players will have had a tier credit multiplier in place for the duration, minus about four weeks. This is probably in no small part due to the frustration many players have felt in the massive depreciation in the tier credits earnings after switching over to the new system compared to the old earnings rate in Las Vegas. By offering a tier credit multiplier, it will take the edge off, but eventually it’s likely they won’t be as frequent, which will simply make it even harder to maintain a tier.
I have a trip scheduled to Vegas for late September/early October; I anticipate this will help me lock down Gold for another year during this trip, something I wasn’t necessarily sure would be possible at the time because of the reduced earnings.
Based on my research to date and that of others, it appears that you earn 8 tier credits for every dollar of theoretical loss, regardless of property. Under the tier credit multiplier, that will become 16 tier credits per dollar of theoretical loss. And for non-gaming spend, the 4 tier credits per dollar of spend will become 8 tier credits.
So those diligently working to renew their tiers and take advantage of some of the new perks may be able to make some headway this summer.
Meanwhile, if you’ve been holding off on tier matching with MGM, keep in mind that as of right now the tier match is still listed in the terms as ending December 31, 2022; they could extend it but until they do, presuming they even do, you’ve got through the end of the year to make it happen.