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Caesars raises rake Caesars raises rake

05-20-2024 , 03:41 PM
Quote:
Originally Posted by madlex
I didn't say it was good. I just wanted to know what benefit the city of Las Vegas has from lower rake.

It's obviously not good for poker players but how does it hurt the city?
1a. Buy a map. Draw a line along Sahara. North is generally "city", the main Strip starts South of the line and is County. Henderson, where casinos eliminated live poker a few years back, lies entirely to the East of the Strip.

1b. Learn the tax and licensing revenue to the city/county/State from a hypothetical casino offering poker.*

2. Learn the business economics side of operating poker.

3. Run some study or do some research of how price sensitive Las Vegas poker players overall seem to be, segment that player population into crossover to other gambling channels to see about the benefit to a casino of hosting live poker.

4. You might reach a conclusion that the overall return to a casino from crossover gambling will be unaffected by eliminating a rake subsidized offering like poker to a segment of players who generate no other casino revenue or,, worse, are also winning players suck cash out of the poker coffers that the casino spent marketing money to attract.

(Stations likely made such a study right before they closed out some pretty busy poker rooms in Henderson, but not everywhere in the County)


*The taxation and fees beneficially paid to the State,county/city are generally based upon gross gaming revenue + a per table fee I believe for each gaming table on a casino floor. I have not looked at those rates in a while, (I was a general counsel to a Strip property many years ago, and have not since kept up on such matters , not out of idle curiosity, preferring to explore the then virgin market of online poker.)

Last edited by Gzesh; 05-20-2024 at 03:47 PM.
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