If managed judiciously, yea it probably could. But dollars to donuts, whoever owned it would realize how much more EV it would be to take out tables and replace them with slot machines, so the dream would be over.

LoL. Strong selling point op. I'm sold.

Wait a minute. There’s going to be a photo of Phil Ivey on the wall? THE Phil Ivey?!

Honey, call up the Bellagio and cancel our reservation! We’re staying in a 200-room no-amenity hotel on Sahara!

It would never work because poker players are too cheap. They would all be sleeping in their cars and eating stale sandwiches out of their dusty back packs, and looking for a place to plug in their phone.

Apparently it has a gaming license and a ground floor casino. It has amenities, and hotels do put on poker themes at different times of year.

But it would be like taking a trip to Napa Valley and staying at the hotel because it serves discount wine.

Dude calls himself well read Ted but

Ted aint never read a book about business.

He wants to take a resource intensive, marginally profitable game and charge less rake and give more comps away and on top of that subsidize dealers tips(cuz they aint gonna like the no tip days too much) all so that word will catch on so that the place makes even less money:conf used:

But Maybe if you have 25cent per minute massages this whole thing could work.

Quote from the link:

https://www.npr.org/2016/12/16/50581...r-slot-players

"Casinos have a gambling problem. Young people are not playing slot machines the way their parents and grandparents did..."

But.....the older population is living longer. there's always a market for slots.

No clue where you play live poker, but outside of the WSOP, "young people" are the minority at the tables.

So yes, young people don't play slots, but they don't play poker either. In fact, they don't really gamble at all, which is one of the reasons Vegas changed its busines modell away from gambling.

The article also says: “John says Gen Xers and millennials - people under 45 - they do come to casinos, but... They come to go to clubs. They come to go shopping. They come to go to the pools. They don't come to gamble.”

The article doesn’t mention table games or poker at all, really. Slots is used as a general term for traditional gambling. The article isn’t about slots vs table games; it’s about adding to traditional, decreasingly popular gambling options. Slots themselves are still the most profitable form of traditional gambling.

You guys clearly have a financial interest in not allowing this idea to happen, and thus your opinions should be completely discredited.

But seriously, now that I've gone deeper into this thread (plus reread the initial post more carefully) I might have misunderstood the original idea. OP, your idea isn't to simply have a poker-only casino, but rather a poker-themed one, correct?

Thus, it would still have other games – slots, table games, sports books – plus all of the amenities of a regular casino resort, but it's overall motif and branding would ultimately be centered around poker.

If so, then I need to walk back some of what I wrote earlier – specifically the notion that if it was a good idea, it would have happened already. Your idea is quite a bit bolder than what anyone has been willing to attempt. To create some sort of Mecca of Poker to happen, you would need the following under one roof:

• The go-to place for the biggest cash games, effectively superseding the likes of Bellagio's Bobby's Room or Macau's Poker King Club.

• The most player-friendly rake, tournament juice and rewards program, all of which would eat into your bottom line (which you'd have to make up somewhere else).

The above two items are really the only way to attract the top players. After that:

• The go-to place for the world's biggest poker tournament series, which means your place would almost certainly need to acquire the WSOP... which also means you need the physical plant to host it.

•*You'd probably want to have things like the WSOP wall of champions that Binion's has hosted for 40-something years; the physical manifestation of the Poker Hall of Fame, plus a direct partnership with a fully licensed online poker site.

Probably some other things I'm missing from this list, but already I see a very, very tall order. I still think that door was the widest open 10 years ago. The entire attraction of "poker celebrity" was at its greatest back then. Since then, too many other poker titans have popped up, such as the Macau games or even the Aria high stakes room. Plus, poker has lost the widespread, mainstream luster it had then. You just don't have the market for it anymore.

Nah. He described it as "poker only" and wrote "And having no slots and just poker tables might actually be a positive for a lot of people. "

It all might depend on exactly what is involved in getting a gaming license for just poker vs. getting a license for all the games. I wouldn't think some convenience store looking to get a license for 5 video poker games pays the same as some casino looking to get a license for all the games and thus it seems getting a license for just poker would cost a lot less than getting it for all the games.

Maybe an owner could start out with just poker and maybe craps. And then as time goes on add other things such as a sports book and some slots. But yes the main game would be poker.

Well my idea is not set in stone, and you bring up some good points. I think this project to be successful will take someone who eats sleeps and breathes poker and any business project dealing with poker.

I just sort of planted a seed and it's going to take some wealthy poker enthusiast with the passion to make it happen. A young Steve Wynn type (minus the scandals).

The only way you can have any kind of profit margin is if you're going to have a bunch of hookers in the hotel.

and don't forget the blow

Australia's example of the success of "free" poker leagues should give you the answer to this.

Thanks bundy, that clears it right up!

No casino/hotel/any establishment wants poker players as customers. Some may cater to those who like playing poker, but even then they don't really want them playing poker.

/thread

Except for the highly successful casino operator Benny Binion, founder of the World Series of Poker. And his son Jack, another successful casino operator.

My stocks are plummeting after the creation of this thread. Can something be done about it?

You mean Benny Binion who, due to his criminal past, couldn't hold a casino license since the 1960s? Hence why he was the Director of Public Relations.

Fortunately, Binion's Horseshoe had normal casino games and slots to take the poker player's money, therefore taking the hit for the loss made from a rake free WSOP and free food and rooms.

Haha yeah the Binions made all their money from poker, right.

A Poke-her themed Hotel would probably have a better chance imo.

Tell your company's board of directors to try something new. Buy this foreclosed property at a bargain price

https://www.youtube.com/watch?v=qydnHpIQNOs

Then put in 50 poker tables and watch the stock soar. If it doesn't work, they can just write off the loss of the relatively cheap purchase price.