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Could a Poker Themed Hotel make it in Vegas? Could a Poker Themed Hotel make it in Vegas?

02-25-2018 , 06:26 PM
Quote:
Originally Posted by Bitter13
...There is only one real scenario where this could be successful, and I've scratched my head for many years wondering why this hasn't happened.

View: Caesars Entertainment is not making the most of their WSOP Brand. A WSOP branded center-strip casino would go a long way to promoting their brand.

As others have touched on, the Rio is the defacto WSOP Hotel and casino for 2 months a year. As successful as that is though, it's less than ideal.
Of course, a poker themed hotel and casino would be just that: a THEMED full casino that offers all the action of any other casino (Slots, tables, etc)
The WSOP brand is much more lucrative than say, the Bally's or Rio brand.
Bally's is located at literally the intersection of the gaming universe and yet the hotel/casino is run-down and valued at a fraction of Caesars or Bellagio (or even Paris) at the same intersection

IMO, CET should re-brand Bally's as The WSOP Hotel and Casino.

They should preserve the existing casino and give it an aesthetic makeover. Build the largest sportsbook in vegas, and construct a new connected poker tournament / cash game facility in the current event space and expanded into the open lot area bordered by Flamingo and Koval. The RIO convention space is approx 200,000sf, and there is easily enough space in that open lot to build a world class tournament area.

Currently, the WSOP holds the main tournament (approx 2 months) and 3 circuit events (all to be moved here) in Vegas each year. Other events could be added (to compete when the WPT and DSE events are running) to make it a viable event space year round.
Downtime in the torunament area could be used in unique ways such as hosting private torunaments to all the big industries that pass through for conventions and smaller torunaments for bachelor parties and such. A DVD of your 20 man SNG where you get to see everyones hole cards afterwards would be great.
Having a permanent, well planned-out tournament space could make for a smoother WSOP series, while providing conveniences such as phone chargers at every table and a proper quantuty of well placed bathrooms.

Building smart complimentary amenities nearby that millennial poker players would appreciate such as healthy and quick food options, a decent sports and fitness facility, etc, would make this a premier destination.

As far as theme, the WSOP doesn't need to go over the top like Excalibur, but could just design a casino / hotel that is sleek and modern. Acquiring and housing the Poker Hall of Fame would be a must, and PERHAPS some restaurant licensing to big name proker pros could be a possibility (feel free to speculate on these) A killer nightclub to cap it off and voila.

There are many many poker players that would be attacted to the hotel based on the WSOP brand, AS WELL AS all the ESPN viewers from around the country that recognize and enjoy the brand, some that don't even play poker. Have you SEEN the number of spectators mulling around the RIO during the Main?

IMO, this would go a long way to growing the WSOP brand (which has value as an asset on its own) as well as bringing life back to a premier property on the Vegas strip.
Some very good ideas in my opinion.
Could a Poker Themed Hotel make it in Vegas? Quote
02-25-2018 , 06:30 PM
Glad your idea isn't set in stone.

It appears to be set in dog poo
Could a Poker Themed Hotel make it in Vegas? Quote
02-25-2018 , 06:44 PM
I doubt that 'Well Read Ted' has ever read anything about how annoying being stubborn as a mule is to everyone else in the world.
Could a Poker Themed Hotel make it in Vegas? Quote
02-25-2018 , 07:53 PM
Quote:
Originally Posted by illdonk
He mentioned allowing a craps table for TJ Cloutier, but otherwise the OP was, in fact, proposing a 100% poker facility.
lol, one year TJ was provided $10,000 for a WSOP seat buyin in return for some marketing work, i.e playing against customers of an online site. As fate would have it, he was shut out from entry into the WSOP when the last Day One was oversubscribed.

The money was his to enter the WSOP, but its return was never sought and I suspect the Rio or some other gaming property ended up the beneficary.
Could a Poker Themed Hotel make it in Vegas? Quote
02-25-2018 , 08:15 PM
Quote:
Originally Posted by Bitter13
...IMO, CET should re-brand Bally's as The WSOP Hotel and Casino...

Agree, also use Tim "TheTrooper97" Watts as the local "Celebrity greeter".
Could a Poker Themed Hotel make it in Vegas? Quote
02-25-2018 , 08:52 PM
Quote:
Originally Posted by Well Read Ted
Hey that might be a good Idea as there are many women players who might stay at such a hotel which had woman only poker tables. Not sure if it would be legal to have a woman only hotel though.
we could put pictures of cyndy violette on the walls
Could a Poker Themed Hotel make it in Vegas? Quote
02-25-2018 , 09:45 PM
OP, maybe we should change the title of the thread for you, as it's obvious now you aren't really asking a question. I'd suggest something like:

View: A poker-themed hotel could make it in Vegas, and nothing you say will convince me otherwise.
Could a Poker Themed Hotel make it in Vegas? Quote
02-25-2018 , 09:56 PM
Quote:
Originally Posted by Well Read Ted
Do you think it was ridiculous for Poker Stars to want to spend 15 million to buy Atlantic City's oldest hotel casino and spend 40 million to refurbish it?
It would have been ...

https://www.uspoker.com/blog/pokerst...ents-ac/19602/

"As US Poker reported earlier this week, the two events boasted a combined $125,000 in guaranteed prize-money, and PokerStars was left holding the bag for $31,000 of it. The overlay equated to 25 percent of the prize-pool:

“The $220 Sunday Special Live event drew just 409 entries over four starting flights Oct. 6 and 7. With the fees removed, that left PokerStars $18,200 short of meeting the event’s $100,000 guarantee.

“The $120 Cheap and Deep event on Oct. 8 had a $25,000 guarantee, but the 119 entries it drew forced PokerStars to fork over more than half of that. No matter what kind of spin you put on it, a $13,100 overlay in a $25,000 guaranteed event is a big one.”"
Could a Poker Themed Hotel make it in Vegas? Quote
02-26-2018 , 12:50 AM
I spent 50 minutes on a Sunday night reading this whole damn thread. What is wrong with me
Could a Poker Themed Hotel make it in Vegas? Quote
02-26-2018 , 01:05 AM
Hey they could offer up poker stage show that will be INTERACTIVE!!! That would surely be a hit...
https://www.pokernews.com/news/2008/...ow.htm?pn=7206


or not...
https://www.pokernewsdaily.com/real-...-venetian-978/
Could a Poker Themed Hotel make it in Vegas? Quote
02-26-2018 , 06:58 AM
OP,

Do not let the universal dismissal of your idea stop you from attaining your dream. Show everyone by setting up a Gofundme campaign to support your vision, and then you, and nobody else, will be in control of both dollars it may raise.

All the best.
Could a Poker Themed Hotel make it in Vegas? Quote
02-26-2018 , 08:25 AM
Quote:
Originally Posted by Well Read Ted
I was assuming a possible wealthy investor did not have a gaming license at the time and having poker only would be cheaper and easier to get a license.
So you’re assuming that there are wealthy investors out there who would invest tens of millions of dollars in a Las Vegas casino property but don’t want to spend the money on a gaming license, or even know if they can get one?
Could a Poker Themed Hotel make it in Vegas? Quote
02-26-2018 , 09:02 AM
The Lucky Dragon would not have failed if they would have catered to the pokerz.
Could a Poker Themed Hotel make it in Vegas? Quote
02-26-2018 , 09:12 AM
tis a weird thread, but occasional weird threads keeps NVG fun and click worthy.

Quote:
Originally Posted by Monteroy
OP,
you will be in control of both dollars it may raise.
lol'd


Quote:
Originally Posted by Well Read Ted
I was assuming a possible wealthy investor did not have a gaming license at the time and having poker only would be cheaper and easier to get a license.
cheap and easy are two words never before uttered in the same sentence having anything to do with getting licensed in NV

also, fyi, only two types of operator licenses in NV.. Restricted and Unrestricted.

Restricted are the video poker machines you see all over. Unrestricted are the casinos and does not become easier in any way if poker only.
Could a Poker Themed Hotel make it in Vegas? Quote
02-26-2018 , 09:20 AM
Quote:
Originally Posted by Bobo Fett
OP, maybe we should change the title of the thread for you, as it's obvious now you aren't really asking a question. I'd suggest something like:

View: A poker-themed hotel could make it in Vegas, and nothing you say will convince me otherwise.
But I am asking a question and that question is Could a poker themed hotel make it in Vegas.


You will notice “nowhere” do I say “Try to Convince me (the thread creator) a poker themed hotel can or can’t make in Las Vegas.” This thread is not about me. If nobody has convinced me a poker themed hotel couldn’t make it– So What!

Why some people want to make this thread about me for some reason I quite don’t understand. I have a feeling, though, there are some forces out there that like the status quo, don’t want the competition, and somehow feel threatened by the ideas in this thread and want it to go away. But again, nowhere in the OP do I say this thread is about convincing me.

One poster said to me my idea makes “Zero Financial Sense”. Now “Zero” Financial Sense really sounds like a guy who can’t be convinced otherwise. But he’s got the right to his opinion and after listening to him and others I’ve got the right to mine. I just feel some people in this thread should forget about me and concentrate on what I asked.


If the views other people present are powerful (like maybe the view shown in post 101) and people like them, then how I feel shouldn’t mean a hill of beans. Everybody should present their views and then people can make up their own minds on how they feel. And if you aren’t convinced about either side’s point of view, then you aren’t convinced. My purpose for this thread is to present new ideas, and then those very few people out there who have the power and resources to act on those ideas can act on them if they so choose.
Could a Poker Themed Hotel make it in Vegas? Quote
02-26-2018 , 09:31 AM
Quote:
Originally Posted by jcorb
The Lucky Dragon would not have failed if they would have catered to the pokerz.
Lets unpack that a bit

Dragon built a themed hotel/casino kinda like what OP proposed. Primary difference is Dragon was focused on one of the most profitable customer segments and OP's is targeted toward the least profitable segment.

So, not sure I can concur with your assertion.

Note to OP. dont fret. Many once thought nobody in their right mind would pay for a ride from a total stranger in some random vehicle.

But gotta keep it real. NV just wont work for what you suggest. Maybe some cities in Europe or South America it would at least have a chance and be WAY less expensive to find out.
Could a Poker Themed Hotel make it in Vegas? Quote
02-26-2018 , 09:33 AM
Quote:
Originally Posted by jcorb
The Lucky Dragon would not have failed if they would have catered to the pokerz.
You might be right; now who wouldn't want to play poker under a huge golden glass dragon.

https://www.youtube.com/watch?v=qydnHpIQNOs&t=296s

There's still time for some poker lovin' billionaire to snatch it up.
Could a Poker Themed Hotel make it in Vegas? Quote
02-26-2018 , 10:35 AM
Quote:
Originally Posted by Well Read Ted
But I am asking a question and that question is Could a poker themed hotel make it in Vegas.


You will notice “nowhere” do I say “Try to Convince me (the thread creator) a poker themed hotel can or can’t make in Las Vegas.” This thread is not about me. If nobody has convinced me a poker themed hotel couldn’t make it– So What!.
See, if you were genuinely asking a question, here’s an example of how that would go:

OP: Is Circus Circus a nice hotel to stay at with a new girlfriend I’m trying to impress?

20 Different Posters: Dear God, no! That is a terrible idea! Why would you consider that?

OP: Thank you for answering my question. We will not stay at the Circus Circus.

But if instead the OP responds: But many women value thrift and find trapeze acts to be a turn-on. I wonder if some of the people here manage rival casinos and are trying to sabotage a competitor.

You see, then the OP is obviously not just asking a question. He is advocating for a position, and when he’s the only one doing so, that becomes the focus of the thread.

As for “Zero Financial Sense,” can you show a few numbers that would indicate otherwise? Seems to me it makes no financial sense to spend tens of millions of dollars to host low-rake, generously comped poker games to act as basically a loss leader to fill a small cheap hotel, but perhaps I’m wrong.

Last edited by illdonk; 02-26-2018 at 11:04 AM.
Could a Poker Themed Hotel make it in Vegas? Quote
02-26-2018 , 12:05 PM
Any ideas on a name for the hotel?
Could a Poker Themed Hotel make it in Vegas? Quote
02-26-2018 , 12:20 PM
Liquor in the Front, Poker in the Back.
Could a Poker Themed Hotel make it in Vegas? Quote
02-26-2018 , 01:09 PM
Quote:
Originally Posted by rpg33
Any ideas on a name for the hotel?
Get Sucked Out On

Also perfect when you find out your profit margins are horrible and you want to transition to a brothel.
Could a Poker Themed Hotel make it in Vegas? Quote
02-26-2018 , 01:24 PM
Quote:
Originally Posted by Well Read Ted
But I am asking a question and that question is Could a poker themed hotel make it in Vegas.
No, you're not. In your own words, this is what you're doing:

Quote:
Originally Posted by Well Read Ted
My purpose for this thread is to present new ideas, and then those very few people out there who have the power and resources to act on those ideas can act on them if they so choose.
That was my point.

Best of luck with your wonderful new idea being acted on by one of those very few people. I wouldn't get my hopes up too high if I were you, though.

P.S.

Quote:
Originally Posted by Well Read Ted
I have a feeling, though, there are some forces out there that like the status quo, don’t want the competition, and somehow feel threatened by the ideas in this thread and want it to go away.
LOL that you still won't let this go.
Could a Poker Themed Hotel make it in Vegas? Quote
02-26-2018 , 02:03 PM
A loss leader that doesn't lead anywhere is merely a loss.
Could a Poker Themed Hotel make it in Vegas? Quote
02-26-2018 , 02:28 PM
Quote:
Originally Posted by Bitter13
...PERHAPS some restaurant licensing to big name poker pros could be a possibility (feel free to speculate on these)...
Phil Hellmuth's Hot Dog Shop

Doyle's Dunkin Doughnuts

TJ Cookier's Hot Fresh Cookies
Could a Poker Themed Hotel make it in Vegas? Quote
02-26-2018 , 03:05 PM
Doyle wouldn't have a restaurant, he'd have a business distressing jeans.
He could call it RIP Doyle.
Could a Poker Themed Hotel make it in Vegas? Quote

      
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