Quote:
do you think given both woodbine and pickering sites are being touted as "world class" casinos and are relatively large, that may skew the odds in favour of a decent sized poker room? it's hard to picture a world class casino with a small or non-existent poker room. GCG does run casinos out west with live dealer poker rooms and some decent structured games (2/5-1500 and 5/10-5000) from what i gather, so that's promising.
also with regards to Woodbine, Phase 1 of construction is set to conclude 2022, with Phase 2 seeing further construction to 2025. All casino expansion activities are included in Phase 1 of the project, so as long as it doesn't run massively late, the poker room (if there is one) should be fully up and running by 2022 at the latest, which is just over 3 years from now. It is unclear at what point in Phase 1 poker tables would be rolled out. It's also not guaranteed there will be a live poker room to the best of my knowledge, but as stated above, it would behoove them to include one. Or maybe that's just wishful thinking.
Buggle, did your contact confirm that a poker room is in the expansion plans, and did he confirm it would be with live dealers, not electronic?
I think the "World Class" bit is just marketing BS, nothing else. I'm pessimistic for a numbers of reasons. Overall, I think the fix is in. I think the bureaucrats at OLG have been wined and dined, and I think GCG is in line to get the Niagara region contract when it comes up in two years. The operators of Niagara currently are howling, and I think this is indicative of them knowing their time is up. If they were happy the last thing they'd be doing is bashing the hand that feeds them. Niagara Region has taken the OLG to court over their new terms. My understanding is Caesars had a financially superior bid for the GTA gaming bundle, but lost to GCG, with OLG hiding behind the "locally owned and operated" bull**** line.
Given this, there's little incentive for GCG to be responsive to any sort of normal competitive pressures. I think they've now got a monopoly and are going to be acting accordingly. One of their first actions after taking over Port Perry was to increase the rake, including full rake preflop on any 3 bet pot, with a straddle counting as an initial raise. So straddle to $10, raise to $50, you're now taking a $7+$1 rake. I've never seen preflop rake anywhere outside of some of the tiny cardrooms in California. It's an ominous precedent. It makes anything below 5/10 not doable, will kill most of the fish.
Repeated conversations with mid-level folks at GCG have generated nothing in terms of the concrete future of poker at their properties. They've repeatedly stated they're not against poker, and yet they've consistently failed to offer a timeline on anything. Whenever they're asked about poker they move the conversation to electronic poker, stating something like "the currently available equipment does not meet our regulatory requirements, we're searching for a new vendor, and we have plans to reintroduce epoker if/when we find that equipment".
When we go back at them and say "yeah but what about live poker??" we get a bunch of marketing mumbo jumbo. The only concrete thing we've gotten thus far is the confirmation from Spencer that live poker did not make the cut for the upstairs summer expansion.
Regarding their other properties, the ones that have poker rooms have tiny poker rooms. Their flagship property (and what I'd classify as their only proper urban casino) the River Rock in Vancouver, has ~10 tables, and it was downsized severely a year or two back.
This company does not care about poker. The Toronto market is so large, affluent, and under-served, that all they care about for the foreseeable future is how to work the politicians so they can maximize their footprint of craps, roulette, and BJ tables. Frankly if I was them I'd do the same.
This is why I think Pickering is our best hope. It doesn't have all the bull**** attached by the city gov't that Woodbine has, land there is cheap, it's twice the size of WB. It will have much smaller revenue per square foot, so if poker's going to be anywhere quick it's there.
Last edited by Buggle; 05-04-2018 at 03:27 PM.