New York City Area Hype Discussion - Page 27 - Venues & Communities -- Two Plus Two Poker Forums

When I worked there we used to go to District Tap House (38th between 7th and 8th), not sure you even count that as TSQ any more but was a big fan of that place.

Yeah, I've been there a few times. The surrounding area actually has some pretty decent bars

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10-31-2022 , 07:18 PM

#653

HomeStar

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Join Date: Nov 2003 Posts: 2,537

Quote:

Originally Posted by Playbig2000

MGM purchased Yonkers hoping but probably expecting to be one of the "awarded" licenses, but knowing this state I would think they're really a long shot. RW will be the winner, and probably one at the Mets stadium. That's my early call.

This is my guess, as well. However, I wonder with that 3rd one being so close to RW, if RW wouldn't cause a stink about it.

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10-31-2022 , 07:27 PM

#654

WhiteJesus

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Join Date: Oct 2020 Posts: 914

Why y’all saying yonkers is a long shot?

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10-31-2022 , 07:38 PM

#655

HomeStar

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Join Date: Nov 2003 Posts: 2,537

Oh, I meant the Citi Field for 3rd license. I fully expect MGM and Genting (Resorts World) to get the first two, based solely on speed to market

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10-31-2022 , 07:58 PM

#656

WhiteJesus

adept

Join Date: Oct 2020 Posts: 914

Ah ok, I agree with the first two, the third one really seems like it could be granted to anyone. The article I posted suggests citi field talks have went nowhere

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11-01-2022 , 10:05 AM

#657

Playbig2000

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Quote:

Originally Posted by WhiteJesus

Why y’all saying yonkers is a long shot?

Idk why others are saying it but I'm saying it due to politics, nepotism and corruption.

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11-01-2022 , 04:09 PM

#658

HomeStar

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Join Date: Nov 2003 Posts: 2,537

Quote:

Originally Posted by Playbig2000

Idk why others are saying it but I'm saying it due to politics, nepotism and corruption.

This isn't the last go around. MGM didn't own Empire City then, which is a key distinction.

They've been throwing money at the Gov and State Senators ever since the last time. Politics and favoritism IS the reason why they'll get it this time around.

Don't underestimate these politicians undying need for money ASAP vs years in the future

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11-01-2022 , 07:10 PM

#659

-capeeKo-

enthusiast

Join Date: Apr 2017 Posts: 88

Quote:

Originally Posted by Playbig2000

I don't think anyone has any idea how much corruption goes on in these types of deals, especially in NYS. They do what they want, when they want and they choose how to do it as long as it keeps their families wealthy for decades so it's not chosen based on "this" or "that".
They probably already know what their plans are but are still collecting millions in application fees for new proposals when they know they won't be granting a license to them, so this is just gonna be another long dog and pony show.

110% accurate

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11-01-2022 , 10:23 PM

#660

WhiteJesus

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Join Date: Oct 2020 Posts: 914

Yea except the early January due date. So hopefully not that long

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11-01-2022 , 10:23 PM

#661

WhiteJesus

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Join Date: Oct 2020 Posts: 914

Quote:

Originally Posted by HomeStar

What last go around? Upstate?

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11-02-2022 , 02:13 PM

#662

Fore

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Join Date: Dec 2014 Posts: 3,815

Quote:

Originally Posted by WhiteJesus

Yea except the early January due date. So hopefully not that long

Until it is extended due to XXXX (Insert your favorite from the litany of BS excuses.)

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11-02-2022 , 02:15 PM

#663

WhiteJesus

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Join Date: Oct 2020 Posts: 914

Quote:

Originally Posted by Fore

Until it is extended due to XXXX (Insert your favorite from the litany of BS excuses.)

Sure it’s possible and might happen a little bit, but those casinos gonna bring a ton of money to the state. I don’t see em delaying it OD but who knows

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11-02-2022 , 02:57 PM

#664

Fore

Pooh-Bah

Join Date: Dec 2014 Posts: 3,815

You need to put away your logic and think like a politician.

Consider is the committee compensated? Well compensated vs. the efforts involved? They longer they can stretch it the loner they are compensated plus the longer they a are important (and can seek additional under the table compensation.)

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11-02-2022 , 03:06 PM

#665

Playbig2000

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"The proposal isn’t the only one trying to bring state-regulated slot machines and poker tables to Manhattan."

No mention of a source, or if it's just speculation but the word poker is starting to appear.

https://thepointsguy.com/news/caesar...-times-square/

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11-02-2022 , 07:42 PM

#666

WhiteJesus

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Join Date: Oct 2020 Posts: 914

Quote:

Originally Posted by Fore

So how long you think they could delay it? 3 months? 6? Year+??

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11-02-2022 , 07:42 PM

#667

WhiteJesus

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Join Date: Oct 2020 Posts: 914

Quote:

Originally Posted by Playbig2000

Rw especially but both spots got more than enough space for poker

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11-03-2022 , 06:25 AM

#668

PokerEthics

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Join Date: Feb 2022 Posts: 1,059

Quote:

Originally Posted by Fore

Haven’t followed the races in NY closely but election Tuesday could be a key date where politicians have to keep their promises… once elected there’s no reason to keep said promises anymore and could provide a route to making things happen.

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11-03-2022 , 06:34 AM

#669

PokerEthics

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Join Date: Feb 2022 Posts: 1,059

On a side note…

If these companies are paying 500m for a license, I’m sure their next move is to plan for a 30-40 table break even (small earner) poker room.

Poker will be lucky if they get a couple convention centers and they decide to turn it into a poker room.

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11-03-2022 , 09:51 AM

#670

Dilly_

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Join Date: Oct 2020 Posts: 592

Quote:

Originally Posted by PokerEthics

Purely for the sweat, what odds would you lay me that once all three casinos are fully open and operational, that there's at least one room of 60+ tables? Same question for 80+ and 100+.

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11-03-2022 , 02:54 PM

#671

TheGramuel

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Quote:

Originally Posted by PokerEthics

People always say that poker rooms are breakeven (or close, but do we actually have any data on that?). However, you see a ton of empty slots at all the casinos near me and there's literally almost always a wait for a poker seat. Market saturation is important.

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11-03-2022 , 03:52 PM

#672

PokerEthics

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Join Date: Feb 2022 Posts: 1,059

Quote:

Originally Posted by Dilly_

Purely for the sweat, what odds would you lay me that once all three casinos are fully open and operational, that there's at least one room of 60+ tables? Same question for 80+ and 100+.

If i were oddsmaker

2-1 over 60 tables
4-1 over 80
10-1 over 100

Talking only cash tables. There’s potential some convention center could hold more but purely designed for poker room will be under 60 tables.

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11-03-2022 , 04:00 PM

#673

PokerEthics

adept

Join Date: Feb 2022 Posts: 1,059

Quote:

Originally Posted by TheGramuel

It’s always been referred to as a loss leader or an amenity at casinos..

But if we look closely at profitability of a poker room they can be profitable once the high overhead is covered and economies of scale kick in im sure a large poker makes sense.

The real problem is the opportunity cost or the perceived opportunity cost of what they could put in the same space. They can always rationalize more table games and slots based on ev.

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11-03-2022 , 08:07 PM

#674

chillrob

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If someone is comparing poker room revenue to average slot or table games revenue, they're doing it wrong. What really matters is the marginal revenue increase from adding each additional slot machine or table game. And if there are always slots or table games spots available already, that marginal increase should be close to zero.
More players don't magically appear just because you add more slot machines.

For a brand new room this may be tough to figure though, as you don't know how much demand there will be for slots and table games.