Quote:
Originally Posted by pig4bill
Tent? Are they moving the poker room just for the tournament?
Moving the poker room back to the tents AFTER the tournament. The current room is to become a dual sportsbook + roulette/craps/etc. room. The tents are how it used to be, but I turned 21 just after the arena opened so I never played in them.
Quote:
Originally Posted by persianpunisher
Cap it at 400 entrants a day? WTF. This room is criminally incompetent at running tournaments. How they only run 1 $500+ tournament a year is completely beyond me. Total muppets.
The dealers dislike tournaments since poker + degen game dealers keep 100% of personal tips and tournament players don't tip as much and it's divided evenly with staff. $1-2 a hand is close to $40 or $50 an hour, and some tables even more -- it's not uncommon to see $25 tips for larger pots at 3/5. For a $345 tourney with 300 entrants, that's a $90,000 prizepool. If everyone tipped 3%, that's $2700. Assuming an average of 15 dealers over the course of 8 hours, that's only $22.50 per hour per dealer.
Likewise, the floor dislikes tournaments since the rules are more strict, gotta keep watch with hand for hand stuff, coloring up chips -- all for less money. For the same $345 tourney, it's $45*300=$13,500 revenue. Compare that to the ~$5/hand at 30 hands an hour you're getting from regular tables, assuming the same 15 dealers from earlier is $18,000.
So both dealers AND management earn less from the tournaments. They only exist to draw players in, keep room alive, advertisement, etc. -- they love to run tournaments that start at 11am when cash game players are sleeping and end by 7pm once the after-dinner cash players are ready to go -- no sense in running two-day, slow structure, big-buy in events even if they could get the crowds.