.... be sure to set aside some portion of those funds (at least $1.00) for when the SEC comes calling.

-The All In Inn

-"The Poker Palace" is a good name but some joint in North Las Vegas has that name. Of course a billionaire could always buy that name from them the way Steve Wynn bought the name Mirage from 2 motels that had Mirage in their name.

-If the hotel had a partner like Tom Dwan they could call it something like "Tom Dwan's Poker World Hotel"

Poker McPokerface

None of those things convert into money. This is a horrible idea because poker simply does not generate much revenue and you are not going to change that by saying it can just compete on being a hotel in the hoteliest city in the world. In your little scenario poker has no value. It doesn’t generate any income and if it is the hotel that is the draw, replacing the poker tables with more rooms and more general amenities would make you much more money.

You would need the amount of poker players that are in Vegas for the wsop, but all year long. Maybe if poker becomes illegal everywhere else it could happen. It would be nice if there was one mega location, all year round, for poker pros. But it seems the reason there isn’t, is that there just isn’t that much money to be made from poker.

A couple of booths that have someone to listen to the players ***** and moan for $1/minute would be a nice touch also.

I'd put up a big sign "COMPLAIN ABOUT POKER BEING RIGGED AND THE EARTH BEING FLAT".

So it can work in California but not in Vegas, got it.

Basically, unless you back off the earlier "poker only" gaming idea....yes, for a variety of reasons. For a nice consulting fee, I'll explain them to you in detail ...

The market in Las Vegas, not "Vegas" btw, is different than Bell Gardens, Ca.

Try looking at it this way ....

1. Do you think a tourist would pick Ted's World of Poker Hotel, which offers only poker over a casino which offers a variety of gambling ?

2. Do you think a pro would choose Ted's World of Poker Hotel,if casual player/rec tourists stay put at "Other Hotel-Casino" ?

3. What current hotels in Las Vegas actually market gambling v. the "experience" ? Binions marketed "Good Whiskey, Good Gambling" but the market has changed.

https://www.reviewjournal.com/busine...gas-marketing/


4. The expense/cost/fee for an "unlimited" Nevada license for offering poker is the same as for the whole package. (Gas stations, grocery stores, taverns havea limited restricted license for a certain number of machines.) There used to be some old licensed places still around which may have had some abilility to offer poker on some grandfathered basis, but I cannot say for sure.

It took a while, but you finally got there.

Oh, wait...since you posted a picture, I guess you think this is some revelation? Kind of a "gotcha" to everyone who said it wouldn't work? It's not. Everyone is aware there are poker rooms in different areas that work. Your statement that was intended to be sarcastic was actually true. Surprisingly, dozens of gigantic casinos makes for a different competitive environment.

Fill in the blank:

The Bicycle Hotel and [BLANK]

If you need a clue, it's in your photo.

Just think of the difference in the hookers! They'd be a lot cheaper at the poker casino than at Bellagio.

Tom Dwan's hotel would have to be called .. Durrrr

They're only expensive if you're ugly.

Sorry pal.

The Taormina Hotel in San Jose, Costa Rica has that particular marketing combination refined to an art.

https://www.pokeratlas.com/poker-room/taormina-casino

But don't only ugly ppl need hookers?

Yes, having 25 baccarat tables and some Chinese Slot Machines in a kind of dumpy area is definitely one of the most profitable segments.

Poker players on the other hand (especially local poker players in the million+ population area) probably wouldn't care about the not so classy area if the games were good and the rake was decent.

I thought the whole point of this was to spend tens of millions on a play to fill cheap rooms in a small hotel in a nothing area by offering free food, the chance to meet people famous ten years ago, and low rake. And now you’re catering to locals? Can you stick with one terrible strategy?

Where did I ever say the hotel (Lucky Dragon) that has relatively easy access (unlike most strip hotels) was going to ignore a customer base of 1,3 million locals?

When I think of a dream poker trip experience there isn't a single LV local in it.

Open one and I will come.

Old Man Coffee Shoppe

Every seat at 1/2 gets a actual printed newspaper and a coffee, but no lid for the coffee.

+1

Not to mention he's preaching the cheapest rake in town then showing a pic of a california casino/poker room as an example of how this could work. pretty funny.

Yeah, like the hotel guests spending $160 a night are staying in a middle class Bell Gardens neighborhood for the blackjack games.