You're only correct when everything stays under the same umbrella. When clubs and restaurants and run as independent entities, you can't give your poker room free rent, because then it appears way more profitable than it is.

We're not talking about rent. Not sure what your point is tbh.

I misread and misspoke and apologize. You're right that going forward it isn't much of a factor. What I read was that they're not factoring in the amortized construction cost when accounting for the operation of the room, which can't possibly be true.

Competitors for the poker room space may be independently operated and may even propose to make capital improvements to the space. To make an appropriate comparison, the equation for the poker room has to contain an equivalent, or else you give the poker room essentially free rent and make it look very profitable relative to other proposals.

From a long term perspective, the room will require upkeep - from autoshuffler maintenance to rewiring the room's electrical over time. Assuming those are sunk costs is an assumption that only holds until those costs get renewed, and makes the the room seem very profitable for a short time.

V also got a new poker room manager. Adelson still owned the place back when the room was great.

The idea that millennials are driving Vegas decisions to offer worse games seems silly. Go look at the average age of a player who is playing these games.

And it's not like the tables are the only games they've made worse.

Venetian Sticks It to Players with Triple Zero Sands Roulette

Oy vey, L.A. drivers are bad enough as it is. At least the drunks are mostly on the road for an hour after last call. Can't imagine it if the bars never closed.

lol. This is what Sheldon's roulette tables now look like. I mean wtf. So disgusting.

lol not even a triple-zero, but some type of branding that should make you happy you lost to the Sands.

I wonder if/when these mega-corporations will ever figure out the correlation between decreasing gaming revenue with decreasing gaming odds.

You've kinda got it the wrong way round - to the casino owners rent is income. So you compare the money you make running a poker room to the rent you'd make leasing the space to someone else.

And as for refit costs, yes of course you'll need to consider them in the long run. But if you're considering 'do I keep this room running or replace it with something else' then refit costs are only relevant if you have to incur them fairly imminently. Otherwise just run it up until it needs the refit and then consider if it's worth refitting or replacing with something else.

Serious Rec player who comes out 2-3 times a year. I play 90-10 at Venetian and then Aria and then last trip tried Encore since it was a new room. I don't care about the rake increase since it's much lower than my local casino. I'm on vacation and I like the other amenities at V (restaurants) and it's a nice place. I really like playing at Aria, but the room is small, and the wait is very long (and their restaurant choices suck). I rarely wait to get in a game at V. The room at B is so cramped, whereas the V is so much more comfortable given how much room there is (used to be?) between tables.

Unfortunately, our group can't come out for our fall trip, but we'll be there SB weekend. What I'm wondering is what is the 2-5 game at V like now that the downsizing has occurred? What's it like relative to Aria, Bellagio, and Encore?

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