'I'm sure Gene could give us some real (reel) numbers, but nontheless, you can rest assured that the casino makes a profit on them."

Its no secret, a $10 strike costs about $8.
The profit on a $10 strike is not worth anywhere near the amount of extra work to maintain the machines and extra cage work, sorting, filling, etc.

"So, using the $15.00 average cost, not only does the casino stand to make a profit on the strike itself, but they take in an average of at least 33% on the actual play."

I am not sure how you arrived at the 33% number, there is no machine in LV set for a 33% hold. You are well over 3 times wrong.

I believe the editor made some very valid points.
If the machines do not stay busy and maintain a drop equal to other machines on the floor, you can bet they'll be gone.