Open Side Menu Go to the Top
Register
Could a Poker Themed Hotel make it in Vegas? Could a Poker Themed Hotel make it in Vegas?

03-02-2018 , 07:35 PM
Quote:
Originally Posted by Well Read Ted
Maybe have a poker celeb week. Doyle hosts one night, maybe Tom Dwan the next. Yes, the poker community would have its own place to hang out while in Vegas.
Quote:
Originally Posted by ItsMattPerry
What will you do six or seven nights later when you run out of people anyone gives a **** about?
Well, maybe have something like a Moneymaker week. You probably wouldn't even have to pay these people. Just give them a table and a chair and say you get to keep all the money you make at "meet and greets", or any books that you might want to personally sell and autograph. Sure there are people who don't give a **** about these people but there are some aging fanboys who might get something out of it.

Speaking of books, you could have permanent tables for authors and makers of training dvds. Once again you don't have to pay them, just have a space where they could hang out with their items.

These are types of things that what would make the place different from other poker rooms.
Could a Poker Themed Hotel make it in Vegas? Quote
03-02-2018 , 07:39 PM
Quote:
You probably wouldn't even have to pay these people. Just give them a table and a chair
HAHAHHAAHHAHAHAHA

Anyone who thinks this guy isn't a troll then I don't know what to say.
Could a Poker Themed Hotel make it in Vegas? Quote
03-02-2018 , 07:46 PM
Quote:
Originally Posted by Kelvis
HAHAHHAAHHAHAHAHA

Anyone who thinks this guy isn't a troll then I don't know what to say.
Another heavy on criticism light on ideas poster. If it wasn't for me and guys like bitter13 there probably wouldn't be any ideas being posted.
Could a Poker Themed Hotel make it in Vegas? Quote
03-02-2018 , 07:47 PM
It's better to keep the status quo than have a ******ed idea.
Could a Poker Themed Hotel make it in Vegas? Quote
03-02-2018 , 09:47 PM
I’d hope that the multi-millionaire mattress store owner would take a few of the dollars he’s saving on a gambling license and throw Moneymaker a few bucks for what sounds like an incredibly long and depressing public appearance. Or maybe the dealers could take up a collection on a non-tip-free night.

This thread is just a gift that won’t stop giving.
Could a Poker Themed Hotel make it in Vegas? Quote
03-03-2018 , 08:09 AM
Quote:
Originally Posted by illdonk
I’d hope that the multi-millionaire mattress store owner would take a few of the dollars he’s saving on a gambling license and throw Moneymaker a few bucks...
You and somebody else in here like to make fun of mattress business people for some reason. Well that's not the case with a large casino in Las Vegas.. They don't make fun of him, they comp him the biggest hotel suite in North America.. The mattress business man has a problem with the suite though because he said it takes him too long to walk to the kitchen. For more info on him see the 1;40 mark, and for a look at the suite start at the 3:17 mark.

https://www.youtube.com/watch?v=6x4rn8zq4s0&t=304s
Could a Poker Themed Hotel make it in Vegas? Quote
03-03-2018 , 02:34 PM
Nobody is making fun of people who own mattress stores (although the person in that clip is described as a manufacturer). There are mattress store owners out there who earn lots of money, enough to do some big gambling in Vegas and get some great comps.

There's a big jump from there to having a nine-figure net worth and being willing to spend tens of millions of dollars for the kick of having their name on the casino.

So it's just funny that when you were theorizing about the kind of person who wouldn't care about spending tens of millions of dollars on a lark, you came up with mattress store owners and people who own 'several' restaurants instead of things like retired hedge fund managers or tech executives.
Could a Poker Themed Hotel make it in Vegas? Quote
03-03-2018 , 02:48 PM
And now we're bringing in the ****ing mattress people. This thread is like a troll cave.
Could a Poker Themed Hotel make it in Vegas? Quote
03-03-2018 , 03:04 PM
Yeah, I'm a sucker for it. If the forums were a horror movie I'd be the one who goes to check out that weird noise, saying that it's nothing, and ends up the first one killed.
Could a Poker Themed Hotel make it in Vegas? Quote
03-03-2018 , 03:26 PM
Quote:
Originally Posted by illdonk
So it's just funny that when you were theorizing about the kind of person who wouldn't care about spending tens of millions of dollars on a lark, you came up with mattress store owners and people who own 'several' restaurants instead of things like retired hedge fund managers or tech executives.
I didn't say (wouldn't care about spending money on a lark---
don't know where the heck that came from) but how about the 75 million "Mattress Mack" is worth, is that enough:

http://networthstars.com/mattress-mack-net-worth/
Could a Poker Themed Hotel make it in Vegas? Quote
03-03-2018 , 04:19 PM
No. That's not even close to being enough.
Could a Poker Themed Hotel make it in Vegas? Quote
03-03-2018 , 04:28 PM
Quote:
Originally Posted by Well Read Ted
I didn't say (wouldn't care about spending money on a lark---don't know where the heck that came from) but how about the 75 million "Mattress Mack" is worth, is that enough:

http://networthstars.com/mattress-mack-net-worth/
I apologize. You didn’t say it was on a lark. You said it was for fun and kicks. Totally different.

“Having a Vegas hotel with a poker theme or whatever theme might be a big kick to them. Profit is not everything to some of these people, they also want to have a little fun with their millions.”

And no, a net worth of $75 million wouldn’t be enough, unless somebody was willing to liquidate most of that net worth for the kicks.
Could a Poker Themed Hotel make it in Vegas? Quote
03-03-2018 , 05:51 PM
Quote:
Originally Posted by Well Read Ted
I didn't say (wouldn't care about spending money on a lark---
don't know where the heck that came from) but how about the 75 million "Mattress Mack" is worth, is that enough:

http://networthstars.com/mattress-mack-net-worth/
Why am I not surprised you tried to drag Jim into this...

I am pretty sure he is content to run his gamble game with the free bedroom suites for the right side of big events (ie. Astros in World Series, Rockets in NBA championship). He made his money being an astute businessman. Pissing it away on a money-losing venture is not something that really falls in his wheelhouse...

And you NEVER have answered the question of how much of YOUR money you intend to put into this losing business proposition...after all, if it is such a great idea, you should have no problem putting in a few million for seed money.
Could a Poker Themed Hotel make it in Vegas? Quote
03-03-2018 , 07:31 PM
For you to be so pro-poker-themed hotel it seems like there might be a possibility that you feel such a project might help you somehow financially (e.g. you might run a mattress store).

If this is not the case, why should it be any skin off your nose that someone questions the viability of such a project?
Could a Poker Themed Hotel make it in Vegas? Quote
03-03-2018 , 09:40 PM
The mods must be laughing their asses off.
Could a Poker Themed Hotel make it in Vegas? Quote
03-03-2018 , 09:57 PM
You think mods have a sense of humor?

Could a Poker Themed Hotel make it in Vegas? Quote
03-03-2018 , 10:07 PM
Obv.
Could a Poker Themed Hotel make it in Vegas? Quote
03-04-2018 , 05:51 AM
Poker don't make money, so no way.
Could a Poker Themed Hotel make it in Vegas? Quote
03-04-2018 , 06:57 AM
Quote:
Originally Posted by Well Read Ted
I didn't say (wouldn't care about spending money on a lark---
don't know where the heck that came from) but how about the 75 million "Mattress Mack" is worth, is that enough:

http://networthstars.com/mattress-mack-net-worth/
Quote:
Originally Posted by PeteBlow
No. That's not even close to being enough.
Quote:
Originally Posted by illdonk
...And no, a net worth of $75 million wouldn’t be enough, unless somebody was willing to liquidate most of that net worth for the kicks.
If true, not having enough would not stop someone like Mattress Mack. He wants to put together an investor group to buy the Houston Rockets for 1.85 billion.

http://www.espn975.com/mattress-mack...rts-franchise/

Seems like successful business people know how to get financing if they're are passionate about something.

Last edited by Well Read Ted; 03-04-2018 at 07:03 AM.
Could a Poker Themed Hotel make it in Vegas? Quote
03-04-2018 , 09:56 AM
Quote:
Originally Posted by Well Read Ted
If true, not having enough would not stop someone like Mattress Mack. He wants to put together an investor group to buy the Houston Rockets for 1.85 billion.

http://www.espn975.com/mattress-mack...rts-franchise/

Seems like successful business people know how to get financing if they're are passionate about something.
Do you not understand that he wanted to keep the ownership LOCAL? Jim is also smart enough to know a sports franchise is not something that is reasonably anticipated to LOSE money.

If you knew ANYTHING about him, you would realize that he was frequently behind Houston sports...period. He is all about the CITY. But he is ALSO smart enough to know that EVERYTHING he does is going to ALSO help his business...the returns he generated for the Harvey outlay came back several times over through new sales.
Could a Poker Themed Hotel make it in Vegas? Quote
03-04-2018 , 12:12 PM
Ok, let's assume Mattress Mack is looking to put together an investment group to set up a poker themed Vegas hotel.

With his $75m, your $3.50 and all the money outside investors would be willing to put in, that'd give a total of $75,000,003.50.

Still not enough.
Could a Poker Themed Hotel make it in Vegas? Quote
03-04-2018 , 01:00 PM
Quote:
Originally Posted by michelle227
Do you not understand that he wanted to keep the ownership LOCAL? Jim is also smart enough to know a sports franchise is not something that is reasonably anticipated to LOSE money....
Unless you're talking about the Houston Rockets league, the NBA:

http://www.espn.com/nba/story/_/id/2...eason-now-what
Could a Poker Themed Hotel make it in Vegas? Quote
03-04-2018 , 01:04 PM
I'd go.

Unfortunately, not enough others would, and most of them would be poker players, who *generally* don't spend a lot on food, alcohol, clubs, slots, and pit games.

It's a losing proposition. I do like the idea of moving WSOP to Bally's though. I wouldn't rename the hotel.
Could a Poker Themed Hotel make it in Vegas? Quote
03-04-2018 , 01:33 PM
Quote:
Originally Posted by Well Read Ted
Unless you're talking about the Houston Rockets league, the NBA:

http://www.espn.com/nba/story/_/id/2...eason-now-what
If you don't believe they are cooking books, then you are even more deluded than this thread painted you to be.

Further, look at what ownership groups or families make long-term in terms of the asset sale. Successful people do not use just a short-term period to gauge success.

And yet again, you STILL do not disclose what YOU are going to put up in the losing venture...
Could a Poker Themed Hotel make it in Vegas? Quote
03-04-2018 , 01:42 PM
Quote:
Originally Posted by Well Read Ted
If true, not having enough would not stop someone like Mattress Mack. He wants to put together an investor group to buy the Houston Rockets for 1.85 billion.
Should be "wanted." That was before the franchise was sold last year for $2.2 billion. I guess not having enough stopped him. As for it possibly losing money last year, it was purchased by the previous owner in 1993 for $85 million.

Quote:
Originally Posted by Well Read Ted
Seems like successful business people know how to get financing if they're are passionate about something.
I thought you conceded that it wasn't going to make any money, so this was about a rich guy who wanted to do something fun and didn't care if it "cost them millions in losses but it's interesting to them." That's going to be a tough investment prospectus.

Anyway, you win. A Poker Themed Hotel could make it in Vegas if we find an owner who is willing to spend tens of millions of his money to have fun and doesn't care about profits (or perhaps finds an investment group that also doesn't care about profits), if famous poker players are willing to sit at a table for free in order to draw players, and if 'make it' doesn't depend on any actual success or profitability.

Last edited by illdonk; 03-04-2018 at 01:49 PM.
Could a Poker Themed Hotel make it in Vegas? Quote

      
m