What happens to the BBJ when a room goes out of business? - Poker Card Room

Two Plus Two Forums Live Poker Casino & Cardroom Poker

What happens to the BBJ when a room goes out of business?

Post Reply Subscribe

...

01-01-2019 , 05:54 AM

dogarse

Pooh-Bah

Join Date: Aug 2012 Posts: 3,985

Just curious if anyone has any experience with this.

I small (non-US) room I frequent is possibly ceasing operations soon and another player and I were just speculating what they will do with the bad beat jackpot.

Pocketing it would seem unethical since it's technically players money (unless there's something written into the fine print).

Any thoughts on what should happen to that money? any experience with what other rooms have done in a similar situation?

Quote

01-01-2019 , 06:05 AM

madlex

Carpal \'Tunnel

Join Date: Jan 2009 Posts: 17,433

Gaming regulations address that.

I think standard procedure is to lower the requirements until it eventually hits?

Quote

01-01-2019 , 06:37 AM

PTLou

JellyBean

Join Date: Nov 2008 Posts: 5,516

regs vary by state.

Not sure it has to go back to poker players.

They could use it anywhere in the casino for any promotion they want.

Quote

01-01-2019 , 10:16 AM

dinesh

Pooh-Bah

Join Date: Jun 2010 Posts: 4,409

In regulated areas they will usually just lower requirements every hour or whatever until it hits. Sometimes they will put it into HH jackpots instead, so that they can precisely regulate when it will run out (probably sometime right before the room closes).

I recall at least one recent thread where an indian casino put it into their pit game promotion bucket, iirc, and successfully argued that it met the spirit of the compact agreement about it.

In unregulated rooms, they will probably just pocket it.

Quote

01-01-2019 , 10:43 AM

answer20

Carpal \'Tunnel

Join Date: Feb 2013 Posts: 10,853

Pretty much covered in just a few posts. There were stories of Players wearing diapers and barely being able to stay awake when a MS casino was closing/remodeling and they needed to purge the fund.

There was also a casino in 'The Dells' of WI that shut down just the poker room this past fall and purged with High Hands and Splash Pots.

The drops normally go into an escrow/separate account for promotions and when regulated it must be purged via promotions as intended. GL

Quote

01-01-2019 , 08:46 PM

2pairsof2s

old hand

Join Date: Jul 2012 Posts: 1,613

Last summer when they closed the poker room at Snoqualmie, an Indian casino near Seattle, there were several thousand dollars left over in the bad beat jackpot. The casino gave it away through bonuses on the slots and table games. Poker players complained to the state gaming commission, but the commission supported the casino and the table game players got the money.

Quote

01-01-2019 , 10:18 PM

prototypepariah

veteran

Join Date: Sep 2011 Posts: 2,151

some of the horror stories in this thread are why these scumbag casinos shouldn't be able to start these things in first place. they get to use players money as a non interest loan, in order to intice the players back in...or worse, putting up billboards, feeding players, paying employees. such a freaking joke.

Quote

01-01-2019 , 10:23 PM

Fore

Pooh-Bah

Join Date: Dec 2014 Posts: 3,777

Don’t forget they often collect a percentage of the escrow to “manage” it. Thus they can decide how much money there will be and then mismanage it and get paid to do so.

Quote

01-06-2019 , 12:54 PM

synth_floyd

Carpal \'Tunnel

Join Date: Sep 2005 Posts: 7,074

Do they? I know some online poker sites used to do that but I've never heard of a regulated, B&M casino taking maintenance fees or whatever they want to call it.

Quote

01-07-2019 , 02:04 AM

#10

Carpal \'Tunnel

Join Date: Sep 2002 Posts: 12,262

Quote:

Originally Posted by Fore

Don’t forget they often collect a percentage of the escrow to “manage” it. Thus they can decide how much money there will be and then mismanage it and get paid to do so.

Quote:

Originally Posted by synth_floyd

Do they? I know some online poker sites used to do that but I've never heard of a regulated, B&M casino taking maintenance fees or whatever they want to call it.

There is (or was) at least one state that allows that (it is not allowed in Nevada).

Quote

01-07-2019 , 04:52 AM

#11

onguard

centurion

Join Date: Feb 2017 Posts: 195

Quote:

Originally Posted by synth_floyd

Do they? I know some online poker sites used to do that but I've never heard of a regulated, B&M casino taking maintenance fees or whatever they want to call it.

Horseshoe "Chicago"/Hammond plainly state they take 10%.

Quote

01-09-2019 , 01:45 AM

#12

prototypepariah

veteran

Join Date: Sep 2011 Posts: 2,151

west virginia took something like 3 or 5%, for "maintenance". PA can take money to advertise. i dont recall the exact wording.

Quote

01-15-2019 , 09:23 AM

#13

MMMed13

journeyman

Join Date: Aug 2012 Posts: 282

Place by me held a tournament and added last 30k or so from jackpot money to the prizepool

Quote

01-15-2019 , 01:54 PM

#14

callipygian

slowrolled by tpiranha!

Join Date: Mar 2009 Posts: 19,880

Quote:

Originally Posted by MMMed13

Place by me held a tournament and added last 30k or so from jackpot money to the prizepool

This seems grossly abusable.

e.g., Hold a poorly advertised tournament on short notice with a 10k buyin at 2:30 am on a weeknight, and get a few of your friends to be the only registrants.

If I were a regulator/legislator, I would only allow it if there were enough conditions attached to convince me it wouldn't be exploited.

Quote

Post Reply Subscribe

...