Revel Poker, Atlantic City Poker hype thread

[413AceKing]

Originally Posted by cockpit

Showboat may wind up being the one poker room in AC to gain from Revel's opening.

(1) Its core players do not fit Revel's target market so there shouldn't be a lot of business lost to Revel.

(2) They stand a good chance to pick up some new business from people who do not currently venture to that end of the boardwalk but will now because of Revel.

And many people, possibly myself, may stay at Showboat when they go to Revel to save money, which will lead to some of them playing at Showboat.

[stoopmonkey]

Originally Posted by 413AceKing

And many people, possibly myself, may stay at Showboat when they go to Revel to save money, which will lead to some of them playing at Showboat.

Very good point.

I can see many people going to AC to party or see a show at Revel, and stay at the showboat.

If the revel doesn't take good care of poker players, these same people will just play at showboat after partying at revel.

[midas]

Originally Posted by ashinynickel

Live poker is still pretty damn strong man. Parx has 65 tables Palm Beach Kennel Club has 60. Parx often has more tables running than Borgata during weekdays especially in the day. 468 players qualified for the January Parx free roll which required 60 hours of play.

I meant the AC market is declining due to competition. Live poker is alive and well but the large legacy gaming centers are losing share to regional competitors.

[cheweric]

Looks like they are doing a soft open on April 2 and officially opening Memorial Day

http://revelresorts.com/preview/

[stoopmonkey]

Originally Posted by cheweric

Looks like they are doing a soft open on April 2 and officially opening Memorial Day

http://revelresorts.com/preview/

woohoo!

wonder how long till they start booking rooms.

[cheweric]

Originally Posted by stoopmonkey

woohoo!

wonder how long till they start booking rooms.

Site indicated March 5 they will start booking rooms. Things appear to be launching in phases so it is unclear when the actual poker room will be open.

[F0RCE F1VE]

Originally Posted by cheweric

Site indicated March 5 they will start booking rooms. Things appear to be launching in phases so it is unclear when the actual poker room will be open.

Yeah I emailed them this morning asking if the poker room would be open at that time, haven't heard back yet.

[midas]

Originally Posted by cheweric

Site indicated March 5 they will start booking rooms. Things appear to be launching in phases so it is unclear when the actual poker room will be open.

I'm sure they will have the slots and table games open. Why pass up all that early $$$.

My bet is the poker room opens one month after the regular casino.

By memorial day they will have all the kinks worked out and be 100% for the summer.

[Force of Will]

If they were smart, they would promote poker immediately (rooms, comps, games, tournaments etc) to help establish a player base. They can always screw people later anyway

[rubixxcube]

Originally Posted by Force of Will

If they were smart, they would promote poker immediately (rooms, comps, games, tournaments etc) to help establish a player base. They can always screw people later anyway

I would love this but the problem is that 1 craps table will probably make more money in 1 year then the entire poker room. Poker for a casino is not super profitable unfortunately, so we usually don't get much priority as damn near anything else in the same amount of space out earns the poker room by miles.

[midas]

Originally Posted by rubixxcube

I would love this but the problem is that 1 craps table will probably make more money in 1 year then the entire poker room. Poker for a casino is not super profitable unfortunately, so we usually don't get much priority as damn near anything else in the same amount of space out earns the poker room by miles.

While most games out earn poker per square foot, there is an optimal number of table games like craps and once you hit that number adding another table doesn't increase revenue. Poker is an entirely different gaming market from slots, table games, sport book, etc. so having a poker room can increase total casino revenue. The real issue for poker is being last on the comp hierarchy and if you have a scarcity of rooms poker won't get allocated any. Revel poker wont be able to compete with the other casinos in giving out free rooms because they won't have the excess rooms available. I'm sure the Borgata will have many more rooms to give away once Revel opens and starts taking market share.

[poconopike555]

The idea poker is not profitable is a joke....1 poker table has the capability of making $4 every 2 minutes,,.ask anybody from any table games a $5 craps/bj table is a grind to make a profit....I'm sure higher ups that have a 20 table room would vouch that a poker table can more then carry their own weight

[rubixxcube]

Originally Posted by poconopike555

The idea poker is not profitable is a joke....1 poker table has the capability of making $4 every 2 minutes,,.ask anybody from any table games a $5 craps/bj table is a grind to make a profit....I'm sure higher ups that have a 20 table room would vouch that a poker table can more then carry their own weight

I didn't say poker is not profitable nor carry its own weight, it is simply not as profitable as other casino games. A $5 craps/bj table makes more than a poker table, it is hardly a grind for it to make money.

[layemdown]

Originally Posted by poconopike555

The idea poker is not profitable is a joke....1 poker table has the capability of making $4 every 2 minutes,,.ask anybody from any table games a $5 craps/bj table is a grind to make a profit....I'm sure higher ups that have a 20 table room would vouch that a poker table can more then carry their own weight

Not true. Poker is by far the least profitable per square foot of any table game in every casino, including the Borgata and does not hold it's own on a balance sheet alone. Not less profitable by a little, but by a lot. They do not take in $4.00 per minute. The rake is 4 bucks per hand tops or time at higheer levels and those don't play 60 hands per hour. They are happy with 40, but the reality is 30. Poker tables take in hopefully $120 to $140 per hour before they pay anyone. Sometimes less than that. Not a great use of casino space. That's the reason why poker rooms are smaller than other table game areas. Poker is simply a venue to bring in players in the hopes that a poker player finds their way to a slot or other table game.

Why do you think Revel won't comp poker players rooms, but will comp BJ and craps players?

[formertajdealer]

What is said is absolutely true. I auditioned and was even told by the people conducting it that skills do not count- actually the 'audition' part counts for only 10% of the total score. It is the INTERVIEW part that matters most so that they can score your personality, etc...

Revel cares less for skills- 'skills can be taught' they said. They even have $$ from the State of NJ to send people they like to dealers school to learn the games.