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If they wanted to attract the players, wouldn't it make more sense to advertise the generous payout rather than keep it a secret?
In general, I don't quite understand how loosening the games on low traffic days will help the casino, unless they make it known to the public. I kinda take the lack of that advertising as an indirect confirmation of Wizard's point, that they don't do this as a rule, because they either see it as too cumbersome or just not good for the business.
Sure, they could just leak the info discreetly, so that people, who hear the rumor think they'd just been let in on a huge secret, and run to the casino ... But in that case, they also don't have to actually increase the payout - they just need to allude that they are going to ...

It would be a delicate balancing act in this case. Since the foot traffic is already heavy in this area (it's a wide corridor connecting the main casino floor and the hotel towers), I would imagine they don't want the area jammed, but they evidently decided to have that area generating SOME revenue. Since a lot of the buzz generated by Monopoly machines is created by the bonus game(s), I think the idea was to have people stop and look, if only briefly, and get interested in the game in general, or possibly slots in general. Someone who stops and watches for even a few seconds will be that much more interested in slots--not even necessarily THOSE slots. I also don't think it would be all that productive to advertise that THESE slots (only twelve of them) had a high payback percentage, because that would carry with it the implication that all the other slots were worse.

I defer to your expertise on this. So correct me where I'm wrong, but I thought that it was standard on 'participation games' that the return is set close to 88%. For those who don't know, participation games are ones where the casino and the slot maker share in the revenue. They generally have some kind of branded theme and very fancy signage and machines. I'm sure the brand being promoted gets a cut too. I was quoted saying as much in a LV Sun article about a year about, on the Sex and the City slot machine, and I heard IGT got very mad. The next week the Sun ran a puff piece praising slots.

It's sometimes higher than 88%, and as you imply, that is a function of the percentage of revenues and/or up front licensing costs associated with the machine's 'theme'. It's also, however, a function of the casino's overall slot strategy. Fiesta Rancho and Santa Fe, before they were eaten by Stations, had very aggressive placement and marketing of their themed slots---I marveled at how much labor they would expend moving other slots around to give the new slots the most prominent positions. Arizona Charlie's had a similar approach. I remember one game there--'Jumble'--- that was a lot of fun to play, and I swear those machines were programmed to return 100% or better at first--I had eight straight winning sessions on them. Then, a month later, they were terrible. I suspect that that was when the machines got dialed back to that 88% you mentioned.
So since North Vegas and the Boulder Strip consistently report higher slot returns (lower house %) than not only the rest of Las Vegas, but the rest of the country, they might be settling for a 90% or 92% return (rather than 88%) on the participation slots---being content to make less $$$, in order to stay competitive.

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Getting back on topic, I got an answer to my question to the original question from Nick Dillon, Executive Vice President/Assistant General Manager at the Barona casino in San Diego County. The emphasis added was mine. It should be noted that SBG stands for Server Based Gaming.

The concern with SBG games is that the manufacturers and most casinos are looking at it mostly from a cost savings (less slot techs/labor needed to convert games, etc) perspective. At Barona, we really only want it if it proves a true value to the player. We have approximately 80 units on the floor that we began testing a couple of years ago. We are not yet at the point where we can say there is a true benefit to the player. We have tested many aspects of these games but have never raised/lowered the hold based on time of day, day of week, etc. We have, however, tested some other things. One is changing the minimum denom based on day of week (penny during the week moved to nickel on the weekend, for example). The idea being the same as table games whereby the denom (table minimum bet) moves higher when demand is peaking. This maximizes revenue. However, we found that was not the case with our test (likely because tables are limited and full capacity during the increase, but slots generally are not, and because a “penny” player can actually be a “dollar” player regardless of what min denom he is playing). We found more dismay from guests that were used to finding their preferred game/denom and that it was now changed. We also tested changing only the default denom from penny to nickel. This is the denom that shows on screen when the game is idle. The majority of players may not be aware of multi-denom and play the default the majority of time. Again, we found no real difference in revenue.
As evidenced by our Loose Troop and Manufacturers Best programs, best blackjack rules, loosest video poker, no ATM fees, etc. we truly believe the player deserves the best gamble they can get. We feel that providing the longest play time for the dollar is the best strategy we can employ. There is no need to play with hold percentages and adjusting them 1-3 points either way for a day or two. Of course, a strip property may feel differently as they only have a limited amount of time to win the money.
We are hopeful that we can help push the manufacturers to continue to develop SBG in favor of the player. We are Hopeful that a player can put his player card in and his preferred games, denoms, etc will appear for his enjoyment at whatever device he sits. There are so many opportunities for this to be a great product for the player, which we believe will be good for our casino and the industry. If cost savings also come, great, but that should not be the main focus of a product like this.

At Barona, we really only want it if it proves a true value to the player.

Barona's strategy is interesting. There's no denying their assertion that they provide the best gambling value in the San Diego area. However, they don't need to do much to accomplish that--most of the San Diego area casinos are horrible. Barona, because it is VERY geographically isolated and hard to get to, made the decision to offer better games, better promos, and good food values, in order to entice players out on that winding mountain road that leads there. The only other casino that has a similar approach is the even more remote and isolated Valley View--the more accessible Viejas, Sycuan, Pauma, etc. are complete and utter ripoffs. Harrah's Rincon is between Barona and Valley View, and thus the second most isolated casino in the area--but Harrah's uses the business model that says everyone wants to come to a HARRAHS property. It appears like a giant glowing mirage as you crest the mountain pass into the Rincon valley. Then you go inside and find a very very nice hotel, expensive food, and the tightest games in the universe.
I somehow doubt that Barona's business decisions are solely based on enhancing player happiness. However, they do seem to know what people like. I was there a few months ago when they were giving away $1000 every hour to players seated at machines--and the place was PACKED. Even though the EV of the promotion to any one player was about 50 cents an hour, everybody was hoping--and staying, and playing. I'll bet hourly revenue increased by $10,000 in return for that $1000 they gave away.
Barona's video poker is 90% crap, but they do have a couple of banks of good machines. Their slot club is crap-to-fair, but it's better than the other area slot clubs. I would definitely say that it is the choice you should make if you find yourself in the area and want to gamble. MY choice if I find myself in the area is to go hang out on the beach, but, hey, that's just me.I kind of agree with Dillon's point which is,

There is no need to play with hold percentages and adjusting them 1-3 points either way for a day or two. Of course, a strip property may feel differently as they only have a limited amount of time to win the money.

You can make a rough calculation with server based gaming. Assume that 50 percent of your slot action is on the weekend, and that you, the slot operator decide to change the payouts down 3 percent across the board on the weekend, so that a machine that normally pays 95 percent now pays 92 percent.
According to the September gaming figures for the strip casinos earning over $1M (41 operators), doing this under these assumptions would bring in an addition 19.2 percent of slot gaming win (revenue), overall. That might be worth something. Even an average of a 1 percent change would increase slot revenue by 5.5 percent which is a decent jump.
If you could see Barona upping the denomination (even the default) on weekends, why not push back the payout? If you change the minimum denomination on a Las Vegas machine, does that require paperwork? Or only if you change the payout percentage?How many more millions would they make if they kept going, and lowered all the slots from 95% to 0.1% the entire week?

How many more millions would they make if they kept going, and lowered all the slots from 95% to 0.1% the entire week?

Me and the Mrs have sat down at some of those 0.1% machines. They're a bitch.

If you change the minimum denomination on a Las Vegas machine, does that require paperwork? Or only if you change the payout percentage?

As I understand it, every change to a 'control program' requires documentation. That's why so many games are multi-denom. But with SBG, 'paperwork' is just an electronic log message to a server somewhere.

How many more millions would they make if they kept going, and lowered all the slots from 95% to 0.1% the entire week?

I think Nevada law states that the minimum payback on any slot is 75 percent, so I guess they'd be breaking the law. But given that I have no idea what the payback is on a slot machine when I sit down an play it, I don't know if I am sitting at a 98 percent game or a 75 percent game. Which sucks.

I think Nevada law states that the minimum payback on any slot is 75 percent.

That's true, but the Barona is in California. It also misses my point that maybe lowering the return gives the casino a bigger slice of a smaller pie.