FYP

There is more to 'success' than just having a new idea. One need not be content with the status quo to recognize that your concept has no legs and would not succeed in Las Vegas. That you refuse to recognize and accept that says you are incapable of moving the idea into the realm of profitability.

For those reasons, I'm out.

Sorry, I'll be busy that day. I have a prior commitment to attend the re-opening of Stan Mikita's Donuts in Aurora, Illinois.

Party on, Garth.

Dwan probably knows some rich Chinese people but Phil Hellmuth and Daniel Negreanu probably know a lot more multi-millionaires and billionaires. I wonder if those guys knew there could be a hotel called-

Phil Hellmuth's Poker World

Or

Daniel Negreanu's Poker World

if they might get interested in getting their friends to back it.

Then they and their friends would have their own hotel to hang out, play, or even host their own big tournaments.

the local poker room splashed half the tables (8 table room) with $100 every time there was a score in the NFL playoffs, place was packed. Good marketing tool.

This sounds like the thought process of an eight-year-old.

OP is just taking the piss with us. He probably already won some kind of bet getting pretty good odds.

This thread reminds me of the old joke

How do you become a millionaire real fast.


Be a billionaire and invest in poker only resorts.


Well Read Ted= WORST moniker evahh!!!!

Your opinion is noted, and I would disagree about profitability, but when you think about it, not all multimillionaires and billionaires need every business they own to be profitable. Some of these people who love golf might own a golf course that is not profitable, or lately very rich people seem to be getting into having a space program. These endeavors might cost them millions in losses but it's interesting to them and thus they keep doing it in spite of the losses. Also, they can always write off the losses to their corporation and thus the losses might not be as harmful as they appear to be.

There are a lot of multimillionaires out there: guys/gals who own mattress stores. guys who own transmission shops, or maybe several restaurants. Some of these guys might also love poker and gambling. Having a Vegas hotel with a poker theme or whatever theme might be a big kick to them. And some might even get a big kick at having their name in front of the hotel's name, e.g. Wilbur Clark's Desert Inn or Del Webb's Mint Hotel. Profit is not everything to some of these people, they also want to have a little fun with their millions.

What will you do six or seven nights later when you run out of people anyone gives a **** about?

Well for this segment of the poker community someone could renovate the currently closed 366 rooms at the Binion Tower in Downtown Las Vegas. This is where Phil Hellmuth won the main event in 1989. Wouldn't that be fitting, to have a poker themed hotel at the place where the WSOP started. The rooms wouldn't be fancy, but there are some pretty good views.

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

Go for it Ted, from reading this thread it’s clear that everyone think that success is guaranteed and it’s going to work for sure.

Lead the way

Phases of Ted ITT

Phase 1) I wonder if this is a good idea

Phase 2) Maybe its not a good idea but I can convince

Phase 3) OK its not a good idea but this has been fun so I want to have more fun

Phase 4) Flat out trolling

Sure, but I have to admit he’s expanded the definition of “make it” to where the answer to his question is “yes” (though somewhat dependent on egomaniacal mattress store owners with a spare $40 million they don’t mind losing).

LOL, if you don't think the following is a serious post, with at least some merit:

People really got to wonder why there is so much negative energy against me personally. I mean unless a person is somehow currently involved in the Vegas poker room business, these ideas should have zero affect on your lives and possibly could be a positive to the poker community in the future. But then again the technique of attacking the messenger is a common one on the internet. PTLou if you don't like my ideas, I don't believe you ever commented on this one by Bitter13:

I'd love to know how you came out with those examples of multimillionaires. Transmission shops was a doozie.

Millionaires who want to have a bit of poker fun with their millions don't open poker rooms, they go to Bobby's Room or JRB lets them skip the waitlist in 'his' game.

Do not confuse Branson's ventures in space travel with the use of funds in a business proposition. People with money do not invest in a BUSINESS without an intention of MAKING MORE MONEY. If there is no money in the venture to justify the expense, nobody in their right mind is going to invest.

In this instance, you have YET, in all of your ramblings, to make a showing of where a profit can be turned. The person with funds to go into THIS loser of a proposition is not going to do so simply because they love poker. They will just go play at an established property.

If they have their name attached to something, it is because they intend to make money or, alternately, someone has paid them a nice sum for the licensure of the name. Do you really believe Del Webb attaches his name just to stroke his ego? If it got attached to a fiscal dog, it harms the brand.

But since you seem so convinced this will be a money making venture, feel free to put your money into the money pit that will be the refurbishing of a hotel left vacant for YEARS (Binions) without interim maintenance being performed. There are reasons why such properties tend to be bought and torn down...it is cheaper to tear down and rebuild than it is to refurbish. So why don't YOU pony up YOUR extensive fiscal holdings and let us know in a few years how much they dwindled to...

Hotels developers (like with the Venetian and Wynn) were not interested in being cheaper when they tore down the Sands and Desert Inn.

I can point to at least 4 examples where I now live of really unsightly, old buildings (some left vacant for over 10 years) being completely renovated.

Regarding the mid-Strip WSOP Casino idea, it might have some merit as a partial theme, but I think it would ultimately turn off the much larger audience of non-poker players who make up their clientele than attract new guests. It also doesn’t lend itself to the non-gambling revenue sources like clubs that are increasingly vital.

But back to the basic idea: it would indeed be super-cool if a rich guy who loves poker, doesn’t care about money and thinks it’s still 2005 built a fun $50 million clubhouse where poker players could hang out, get cheap food and play games with low rake. That doesn’t make it a legitimate idea or plan, though.

Ahem.

Truth. Again, the 20-dollar bill story.

Pretty much my sense, too. Hell, I used to do this when I was younger. Just enjoyed taking a contrary position – even one I didn't necessarily hold – as if an exercise to see how long I could dig in and defend it. In many ways, the 23-year-old version of me was a YouTube commenter 10 years before that site launched.

Now that I think about it, a little surprised I didn't get punched when I was in college.

I cant wait for Hevad Khan week at the Pokeropolis hotel!

Who cares about 4 unsightly buildings being renovated/gentrified or whatever back wherever it is that you actually live ?

Are these 4 eyesores from your neck of the woods being turned into hotel casinos ?

You can always attend adult education classes if you want to check that box off.

Seems like a better idea is to invest in mattress stores and transmission shops