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jaynyc1122 t1_j30igs2 wrote

Reply to comment by redditorium in NY officially solicits bids for casino with license fee set at $500M by geoxol

It doesn’t feel very likely… poker usually doesn’t generate much $ for a casino compared other table games—unless you charge absurd rake

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ctindel t1_j35mab1 wrote

Foxwoods has a giant poker room I guess that’s just a nonprofit part of their games.

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Darth_JarJar300 t1_j38h7wu wrote

It's an attraction to get people in the door and playing their more lucrative games.

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ctindel t1_j38rm2e wrote

Poker rooms are highly profitable even with a fair structure like 5% rake $5 max.

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jaynyc1122 t1_j3asbi9 wrote

You must not have very good reading comprehension. Nobody said that poker isn’t profitable. I said that it doesn’t generate as much revenue compared to other games.

Foxwoods is not in a central location. It needs ways to market and attract people from the city. The only legal casino in Manhattan will not need to do that. There’s a reason why poker rooms are almost always in the back of a casino.

Now, the 5/10 game at my previous casino charged $7/0.5hr per person in timed rake. At a full ring that’d be $126/hr. The 1/3 and 2/5 games charged 10% capped at $5 but obviously made less than $126/hr on average. A game like roulette can usually generate much more than that.

At the end of the day, I don’t know whether they’ll have a poker room or not—they very well might. But if I were to bet, I’d wager that there won’t be one. Space is a commodity in this city. Why use valuable space for less profitable games when you don’t need to… unless they charge absurd rake, in which case, it won’t be worth it to even play.

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