so maybe not closing now....

AVP lists a new tournament series from the 20 mar to 30 mar.

I LOLed. I hear that voice in my nightmares.

You've got it pretty well nailed, but I believe the third part of that was "...sunthing to drink here."

Is the "no checkie" dealer still there? He alone was worth the extra rake.

Although if the bond holders are taking a cut then shouldn't they cut the rake accordingly?

Yeah - he is a good dealer. And very entertaining. I always enjoy having him deal.

Lee

cliffs?

When was the title changed from "Closing" to "Relocating"? Has the relocation been confirmed, and that the closing rumours were false?

The room was never closing. It was always relocating. The relocation has been pushed back till May or later and should help the room to become even better (busier) for cash game action.

I stopped by the room yesterday and confirmed it was moving.

Earthquake?

cute

Would be helpful if caesars would make an official comment somewhere, here? On their website etc clear up the rumours.

I'm assuming their not gonna run the mega stack this summer but would be helpful to have confirmation

To be fair to them, they don't really know themselves.
It's all down to Pure and whether they decide to pay up and take over the area.
They plan on having a beach where the tournament room is, according to dealers and floor during the WSOPc

The person I spoke with thought the move would happen April 1st but she didn't know where.

as far as just the room goes that was my favorite room in vegas, spacious, comfortable, quiet

This was correct, but has been pushed back. Also, they are moving it on the other side of the sports book behind the current sports bar. The sports bar is being moved as well.

If you buy something for $100 and there is a 20% tax on it, you pay $120.

If you got a bill for $120, and the item cost $100, would you say that your tax was 16.6667% or 1/6? I wouldn't and I don't think anyone else would either. So why calculate rake this way?

A $100+20 tournament means that for every $1 you put in, you have to pay another $.20 in rake. This means you are paying a 20% rake.

I mean yea it's going to be spacious and quiet when it's a 40 table room and only 2 games running. This room should be popping, but it is so poorly run it's disgusting.

I wonder if that short hallway really made a difference in the amount of walkers that strolled into the poker room. By now anyone who plays poker probably already decided he where he was going.

its not really the short hallway, its the door in front of the short hallway. Its quite difficult to spot unless youre specifically looking for it.

They closed the room in AC as well and consolidated rooms from two properties into one.

They also rebranded into WSOP, which makes sense due to their online brand.

Maybe things fell together in vegas too.

You've got to be kidding. Caesars Palace is 50 years old. It will never be relevant with V, B, A, W having poker.

MGM Grand is over 20 years old, does that make Hakkasan irrelevant?

It's not too hard to imagine what it would take for Caesars Palace to have one of the top poker rooms in Vegas. Build a big, fancy room; use the powerful WSOP brand; offer the best comps and promotions on the strip; have the lowest rake. Easy as that you have one of the busiest rooms in Vegas within month, maybe weeks.

But why would they want to do that for something that creates as little revenue as poker?

They aLready did the first two things, and the second 3 are irrelevant to a rooms success as a destination poker room.

What's most important is knowing how much of our buy-in goes to our prize pool and what percentage does not (including fees, dealer add-on, staff gratuities, charity, etc.). So if we buy in for $120, but $20 of that goes to fees PLUS a hidden 3% of the pool or $3 goes to gratuities, then $23 or 15% (23/120) is the total rake/juice/vig.

If NuklearWinter prefers to do it a different way, it's fine for your own comparison purposes as long as you're consistent, but most players who make rake comparisons like me base it on the total buy-in.

The American educational system is depressing.

Basic math fail. Assessing a % should always be off of the original amount, for instance if sales tax is 7% and you purchased a $100 item from the store, the total cost is $107, $100 plus $7 (7% sales tax). It is incorrect to state that the sales tax rate is $7/107 = 6.5%, it is just wrong and not a preference.

If a corporation did $5M in sales last year, and $6M this year, then it grew revenues by 20% (1/5=20%) not $1/6M=16.7%, if you tried to incorrectly "do your own way" in business or meaningful job you would be snap fired.

To give an extreme example if a poker tournament was $100 buyin and $100 rake then rake would be 100% not $100/$200=50% rake. How about a tourney with $100 buyin and $200 rake, that's 200% rake or would you prefer 66% by basing it on total buyin? 200% vs 66% is pretty big.

In the above example, if you wanted to count the 3% dealer toke as total rake paid, then the correct and non-subjective answer would be $97+$23, 23/97= 23.7% rake, much higher than 15%.