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

02-27-2018 , 02:59 PM
Quote:
Originally Posted by Well Read Ted
Yeah, like the hotel guests spending $160 a night are staying in a middle class Bell Gardens neighborhood for the blackjack games.
They need them to make the place pay. Which.is.what.you're.not.getting.
Could a Poker Themed Hotel make it in Vegas? Quote
02-27-2018 , 03:24 PM
Not to mention that the competitive casino situation in Bell Gardens is slightly different than Las Vegas.
Could a Poker Themed Hotel make it in Vegas? Quote
02-27-2018 , 03:25 PM
Quote:
Originally Posted by PeteBlow
They need them to make the place pay. Which.is.what.you're.not.getting.
How did the discount store Walmart go from one store in Arkansas to over 11,000 stores worldwide?
Could a Poker Themed Hotel make it in Vegas? Quote
02-27-2018 , 04:45 PM
Quote:
Originally Posted by Well Read Ted
How did the discount store Walmart go from one store in Arkansas to over 11,000 stores worldwide?
By selling in bulk. 25 years later they had 24 stores by pumping the profits into expansion.

What are you proposing (obviously, not set in stone) for how you can adopt this totally unrelated business model?

Are you possibly thinking of finding a site that on the strip that's cheap and will allow you to have 10,000 games running, whilst only employing 10 dealers until you've got enough to open another one in another Las Vegas, and then another, and another until in 73 years you have 11,000 of them?
Do that and you'll have a third of the population dining on your food comps.

...and Trooper still won't find a game he can beat.
Could a Poker Themed Hotel make it in Vegas? Quote
02-27-2018 , 05:17 PM
Was it by building extremely expensive stores in oversaturated locations while breaking even on their core business but making up for it by charging for parking?

Because otherwise I’m not sure what the connection would be.
Could a Poker Themed Hotel make it in Vegas? Quote
02-27-2018 , 05:21 PM
(not so) Well Read Ted, I think it's important for this thread for you to explain how YOU think discount store Walmart got from one store in Arkansas to over 11,000 stores worldwide.

Maybe you should get in touch with the guys at Harrods. I mean, they've been around for 184 years and still only have one store. They could really go places with your help.
Could a Poker Themed Hotel make it in Vegas? Quote
02-27-2018 , 05:33 PM
Definitely not staying in a hotel that advertises the guaranteed lowest prices for room and rake. What about this is even remotely appealing? Just phone William Shatner at priceline, get a decent price on the strip and, yunno, walk to a real poker destination?
Could a Poker Themed Hotel make it in Vegas? Quote
02-27-2018 , 05:55 PM
Quote:
Originally Posted by Well Read Ted
How did the discount store Walmart go from one store in Arkansas to over 11,000 stores worldwide?
Geez, is that a bit random ?

It is also way wrong..... The ONLY attribute of Walmart that is relevant at all to your proposal of a poker-only business model is the complete opposite broad merchandising strategy by Walmart, to build a perception they offer pretty much everything for sale in one location. Not kids clothes only, or tires only, or cheap electronics only, not food only, not pharmacy only, et cetera.

A bit more relevant was the example, cited above, of Bingo Palace abandoning a Bingo-dependent strategy for a more broadly general locals casino strategy and re-branding to Palace Station. THAT was the single location that then grew into Stations Casinos.
Could a Poker Themed Hotel make it in Vegas? Quote
02-27-2018 , 06:12 PM
Quote:
Originally Posted by Well Read Ted
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.
Have you ever been to Las Vegas and gone to a "locals" anything, poker or otherwise ?

You are grasping at arguments like Danny Tarkanian grasps at a place on the next ballot, with tenacity but without apparent qualifications for doing so. (Unlike you, however, he may succeed in realizing his dream someday.)
Could a Poker Themed Hotel make it in Vegas? Quote
02-27-2018 , 06:14 PM
Quote:
Originally Posted by Gzesh
A bit more relevant was the example, cited above, of Bingo Palace abandoning a Bingo-dependent strategy for a more broadly general locals casino strategy and re-branding to Palace Station. THAT was the single location that then grew into Stations Casinos.
Palace Station (which is very close to Lucky Dragon) should buy it at foreclosure and transfer their poker room to the Dragon and make it even bigger and better. Then they could put more slots in their current poker room and make all that big slot money some in here are talking about. The slot machine players get more slots and the poker players get more poker games and a big glass dragon to play under.
Could a Poker Themed Hotel make it in Vegas? Quote
02-27-2018 , 06:16 PM
Okay, I’m out.
Could a Poker Themed Hotel make it in Vegas? Quote
02-27-2018 , 06:34 PM
^^

ditto

No human could possibly be this dense, so he is now simply enjoying the sport of punking all ITT.
Could a Poker Themed Hotel make it in Vegas? Quote
02-27-2018 , 06:41 PM
Quote:
Originally Posted by Well Read Ted
Palace Station (which is very close to Lucky Dragon) should buy it at foreclosure and transfer their poker room to the Dragon and make it even bigger and better. Then they could put more slots in their current poker room and make all that big slot money some in here are talking about. The slot machine players get more slots and the poker players get more poker games and a big glass dragon to play under.
That's what has been missing from Las Vegas poker, a big glass dragon to play under.

Your posts are purposefully ridiculous, there is no longer any sport in shooting them down.

I'm out.
Could a Poker Themed Hotel make it in Vegas? Quote
02-27-2018 , 07:03 PM
Quote:
Originally Posted by Well Read Ted
Palace Station (which is very close to Lucky Dragon) should buy it at foreclosure and transfer their poker room to the Dragon and make it even bigger and better. Then they could put more slots in their current poker room and make all that big slot money some in here are talking about. The slot machine players get more slots and the poker players get more poker games and a big glass dragon to play under.
Quote:
Originally Posted by illdonk
Okay, I’m out.
Quote:
Originally Posted by PTLou
^^

ditto

No human could possibly be this dense, so he is now simply enjoying the sport of punking all ITT.
Quote:
Originally Posted by Gzesh
That's what has been missing from Las Vegas poker, a big glass dragon to play under.

Your posts are purposefully ridiculous, there is no longer any sport in shooting them down.

I'm out.
You guys are very good at criticizing new ideas to improve the Vegas poker scene but I don't remember any of you presenting new ideas. Not everyone is as happy with the status quo as you appear to be.
Could a Poker Themed Hotel make it in Vegas? Quote
02-27-2018 , 07:08 PM
Cooking up a dog turd is not trying to improve the culinary scene.
Could a Poker Themed Hotel make it in Vegas? Quote
02-27-2018 , 07:28 PM
Quote:
Originally Posted by Well Read Ted
You guys are very good at criticizing new ideas to improve the Vegas poker scene but I don't remember any of you presenting new ideas. Not everyone is as happy with the status quo as you appear to be.
I have no way of knowing what you know or remember about anything ...

You asked a question, you don't like the answers.

I don't think you've done anything close to actually presenting a "new idea".

Hint, presenting an "idea" requires more than asking a question. Presenting an idea generally means explaining why it is a "good" idea, not a wishful waxing of your philosophical carrot.

As for PtLou's new ideas/contributions to live poker generally, you need to do some research before you decide what you "remember" or not about him carries any weight or relevance.

I improve the Las Vegas poker scene by living here and losing money on a regular basis as a recreational player. I do believe the rake is too damn high, but not enough to try and collect comps as an offset. I've played live poker in many different countries and do consider Las Vegas a pretty good venue for the recreational reasons I play.
Could a Poker Themed Hotel make it in Vegas? Quote
02-27-2018 , 07:56 PM
How about when you check in you can gamble on the price of hotel. You get one spin of roulette. If you hit your resort fee is waived, if you lose the resort fee is doubled.
Could a Poker Themed Hotel make it in Vegas? Quote
02-27-2018 , 08:02 PM
Quote:
Originally Posted by PeteBlow
Cooking up a dog turd is not trying to improve the culinary scene.
It made for a divine Jon Waters epilogue however.

https://www.youtube.com/watch?v=vUd_6FF4AtM

Last edited by Gzesh; 02-27-2018 at 08:11 PM.
Could a Poker Themed Hotel make it in Vegas? Quote
02-27-2018 , 08:12 PM
Quote:
Originally Posted by SuperSwag
How about when you check in you can gamble on the price of hotel. You get one spin of roulette. If you hit your resort fee is waived, if you lose the resort fee is doubled.
Pretty sure that has been done before, for the price of room.....without the doubling.
Could a Poker Themed Hotel make it in Vegas? Quote
02-27-2018 , 08:47 PM
Quote:
Originally Posted by Well Read Ted
You guys are very good at criticizing new ideas to improve the Vegas poker scene but I don't remember any of you presenting new ideas. Not everyone is as happy with the status quo as you appear to be.

Ok hot shot.

Here is Top 10 list to improve the poker scene in Vegas.

#1 Take total number of tables / rooms in market and reduce it by about 30%.

#2 Local regs like Ted can only play one day per week (room of their choice).

#3 - #10 doesnt matter, just do #1 (#2 is discretionary but yeah)

Rooms / tables were way over built in boom boom days and has not yet fully corrected.
Could a Poker Themed Hotel make it in Vegas? Quote
02-27-2018 , 09:28 PM
Quote:
Originally Posted by PTLou
Ok hot shot.

Here is Top 10 list to improve the poker scene in Vegas.

#1 Take total number of tables / rooms in market and reduce it by about 30%.

#2 Local regs like Ted can only play one day per week (room of their choice).

#3 - #10 doesnt matter, just do #1 (#2 is discretionary but yeah)

Rooms / tables were way over built in boom boom days and has not yet fully corrected.
I don't think #1 is really a big problem for players, they tend to go where the other players are going .... the market makes the corrections over time, as rooms close.

#2. I have doubts Ted is even a Clark County local, he shows very little understanding of the locals market and its providers, and how it interacts with the tourist market in some but not all rooms. (He also calls it "Vegas", which is a pretty reliable giveaway. Up there with calling the State, "Ne-vah-da" instead of Nevada.)
Could a Poker Themed Hotel make it in Vegas? Quote
02-27-2018 , 09:31 PM
How about instead of that generous billionaire blowing that $50M on a poker room that will be out of business in three years, they hire a team to travel around town splashing pots with $100-$1000 a few times a night. Imagine how good that would be for the community and the games.
Could a Poker Themed Hotel make it in Vegas? Quote
02-27-2018 , 09:51 PM
I once splashed a pot at a 3-6 LHE game w/ a food comp ticket at the Bike that I'd gotten w/ a tourney BI which I didn't need bec I was playing a red chip game. And the crowd went crazy.......
Could a Poker Themed Hotel make it in Vegas? Quote
02-28-2018 , 07:58 AM
Quote:
Originally Posted by Gzesh
I don't think #1 is really a big problem for players, they tend to go where the other players are going .... the market makes the corrections over time, as rooms close.
very true. Its been a year+ since I've been out there but surprised poker market hasn't consolidated more quickly.

I will of course come back out for the Grand Opening of Ted's Poker and Pleasure Palace.
Could a Poker Themed Hotel make it in Vegas? Quote
02-28-2018 , 08:22 AM
Quote:
Originally Posted by jcorb
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.
And then lamenting "why don't they just do better marketing so the place is flooded with fish?"
Could a Poker Themed Hotel make it in Vegas? Quote

      
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