Likely to be a LONG death if they still have a 40 person waitlist on a Tuesday midday. Of course now it is up over 50 for 1/3 and 25 for 2/5... LONG DEATH watch coming I suspect. Though if they don't do something different, I do agree they will eventually kill poker there.

“Wynn Resorts to sell the land and real estate assets of EBH to Realty Income for $1.7bn in cash”

Hearing whispers it could have been $2.7bn if they had weekend poker…

So what does this all mean?

https://www.prnewswire.com/news-rele...301483036.html

Trip Report from today. I said I wasn't going to go back, but had a friend in town and the day off, and they wanted to go.

Put my name on the 1/3 list on Poker Atlas at 11:45 as I could not arrive until 12:30 (I live 4-5 miles away). Was 40th on the list with 26 checked in.

Arrived at 12:35, was 26th on the list. NOTE: north elevator does not go to the mezzanine right now so that everyone goes through the same entrances on the first floor.

Got seated at 1:40 (1h55m). When I was seated the list was 47 deep. NOTE: got chips at the upstairs poker cage.

Picked up at 4:00 due to other commitments. List was 57 with ~43 checked in (4 hours left to play). NOTE: cash outs are downstairs at the main cage.

Drink service was sparse, but adequate. The game I was in was loose with a few OMCs but several action players.

If the demand is like this, nothing will change. (And I say that realizing I was there paying the rake today.)

prelude to selling the place IMO

Yep not having a lot of debt in the property will make it easier for them to walk away.

Disagree. This is the same thing MGM did with Bellagio, Aria, and many of its high-end properties. It's a leaseback deal to generate $.

Straight from the horse's mouth (Wynn Earnings Call):

I don't think so. It was a sale and lease back to generate cash. Hope the Wynn lawyers read the documents carefully and aren't waiting for any future payments. Anytime a corporate mission statement has the word "magic" in it, you need to hold on to your wallet.

How many players are signing on 2 or 3 games hoping to get a seat faster?

Wynn lost about a Billion dollars on this deal.

Absolutely!

Prediction: The name Encore will not be on this building in 2024.

They want their brand to be a destination. Vegas and Macau are destinations. Eventually their casino in UAE will be a destination. Boston is not like the others

I'm trying to envision these "additional amenities" they spoke of, given the realities of the climate, the land that's available, and the surrounding road infrastructure, and I'm kinda coming up blank in terms of something impactful. Then again, what do I know I suppose.

Encore Poker still dead

$1/3 NLH 7 60
$2/5 NLH 2 46
$5/10 NLH 1 18
$2/2 PLO 2 10

There's definitely some of that, but there are only 2 2/5 games and 1 2/2 PLO game going at any time and those lists are yuuuge too. So 1/3 is probably turning players fastest with 8 tables running.

(Today is the first day on PokerAtlas where I've seen only 7 1/3s and 2 2/2 PLOs)

92 people on the 1/3 list right now

Why even get on the list? If they give each person 3 min to claim a seat, even if everyone ahead of you had went home, it would be almost 600 min, or 10 hr until they called you. And the room isn’t open 10 hr

No clue. Absolutely bizarre, but I thought it was hilarious.

71 people waiting for a seat at the six 1/3 tables. What a joke.

I’m shocked 1/3 is getting this much action; guess I totally underestimated the general population’s understanding of rake

i told you people could care less about the rake only people that take poker seriously have any inkling about how rake effects the long term of a game

The thing that doesn't make sense is getting on a list of 71 people and expecting to be called before the room closes. What's the point? Just go home or to NH.

again i dont think people even think about that lol. they just say im here time to sign up. if i get called cool. if not the slots are funnnn

Totally agree, but one argument is that the action makes up for it (if you compare daytime FW/MS to daytime EBH). FW and MS are full of OMCs where Encore is much looser. Of course, the rake negates some of that.