Last week, we wrote that Revel Casino-Hotel in Atlantic City would close its poker room in August as it wasn't profitiable enough. Now another casino has closed its poker room. According to the Las Vegas Review-Journal, The M Resort (a casino off the strip in Las Vegas) has closed its 14-table poker room to make space for a slot machine tournament area. Apparently the poker room didn't do as well [...] Read more » Las Vegas Casino Closes Its Poker Room
Joined: Feb '08
Location: United Kingdom
Age: 28 (M)
I don't think poker is generally profitable for any casino unless the poker players also like to gamble on blackjack or roulette. I figure that whatever they take in tournament fees is usually off-set by wages, equipment, space and free drinks. But they must draw a lot of customers to the casino who just wouldn't go there if poker wasn't offered so it's a balance between squeezing profit and keeping good customer relations, good atmosphere, good public image. If they only had slot machines in theory they would have more profitable square feet but in reality they would lose footfall.
Joined: Mar '09
Age: 40 (F)
Its tournaments with cash prizes. You pay an entry fee and then you get a specific amount of chips to play with in a specific amount of time. At the end of the tournament the ones with the most chips getting paid.
There are also rebuys and continues. You can rebuy and start over with 0 win or you can continue by usually buying in for the half amount of chips and they add the winnings in your last play.
Posted by shokaku: As i said in the earlier thread, the slot machines are the real cashcows for the casinos. So it comes as no surprise to me, that they try to maximise the area available for those machines.
Totally agree slots are what attracts the most people to a casino one of my sisters friends played at a relatively small casino called the Blue Herron Casino Indian Charity Casino and hit the progressive jackpot for a whopping 2 Million on a slot machine or let it ride poker is another good game (favours the house a lot) which you can win big on a single hand
Joined: Oct '11
Age: 32 (M)
wow......slot machine tournaments with 800 people?whats wrong with those guys? I understand it from the casino standpoint,because those slot machines are definetly more profitable then poker just because of the room and the spacing. but whats up with the players....I really dont get it
Joined: Jan '11
Location: United States
Age: 53 (M)
Yeah these casinos that aren't on the strip just don't draw the crowd that the big boys on the strip do. For instance Bally's, The Luxor, Excalibur, New York New York, Monte Carlo, MGM, Stratosphere, Hard Rock, etc. I actually always had better luck on the roulette tables when playing in the casinos off the strip, but poker probably isn't the best bet unless your on the strip or a major tournament is going on.
Joined: Apr '11
Age: 51 (M)
Maybe they will open in Eurovegas project.Madrid's former president, Esperanza Aguirre, has implied that the casino complex could be important to Spain.Aguirre argued that adults should have a free choice and the country needs the kind of economic boost the project could bring.
Joined: Jul '13
Age: 42 (M)
Posted by Sorin888: Maybe they will open in Eurovegas project.Madrid's former president, Esperanza Aguirre, has implied that the casino complex could be important to Spain.Aguirre argued that adults should have a free choice and the country needs the kind of economic boost the project could bring.
A "Vegas" in Europe is bound to happen sooner or later. It's not logical that such a money-making/tourist attracting machine will not be present in the old continent. It wil probably have some trouble getting past the EU legal issues but eventually it will rise. I guess they will take Macau as a benchmark.