Quote:
Originally Posted by woowoo
Even one of the casinos could start their own series of events. This would be profitable for them. The Borgota and numerous others have series with descent turnouts. The way the charity rooms are grooming new mtt players I'm sure the satellites would be jammed!
There are a few problems, but I will try to name the big ones for you
1. Costs.
1a. The start up costs are huge. Only place that is going to have a budget to run a series is MGM.
1b. Advertisement. You see a lot of this for the WSOPC, CPC, Borgata Opens, etc. This costs money up front obviously.
1c. Venue. More on the opp. cost later, but still, you have to have space for the tables. I am sure that you can open a ballroom up, but that brings up another point.
1d. Equipment. You have to have several different chip sets, cards, tables, chairs, vending options, etc.
2. You have to have competent (and enough) staff to run the floor and enough dealers to deal the cards. Don't forget about cashiers as well.
3. Opportunity Costs. Is the casino going to lose money by spreading a poker tournament instead of slots, table games, cash games? Are they going to lose business from the regular table games to a poker tournament, where their income is fixed. Also, is the casinos expected monetary gain/person/hour going to drop to an unacceptable level. Basically, is the casino going to spend too much money entertaining people, or providing a tournament, without the chance of getting enough money to pay for the services.
4. Licensing. Is there a problem with playing poker in a ballroom or meeting room? This costs money too.
I think that this is why no one has tried to do something like that. And yes, the satellites would be awesome.
Just my 3 cents.