Quote:
Originally Posted by ravager 102
Just posting to say that 3100 + 275 + 125 all-in rake for the main is very off-market and sets a bad precedent. Regular way fees for a 3500 that the WPT hosts are 3200 + 200 + 100.
Effective rake of 400/3500 = 11.4%, compares very poorly to market standard 300/3500 = 8.6%
Understand everyone is thrilled to get Borgata events back (at all), but this is a material change and departure from precedent. Even the Borgata run (not WPT branded) events were typically 2425+200+75 in the past, or 275/2700 = 10.2% rake.
Really think the players need to make some noise about this unless the players are being compensated in some other way that isn't obvious here.
Your calculation is correct, but it’s a trend lately after Covid to raise the rack to compensate shortage of dealers other increased costs.
I just checked WPT Prime championship in Las Vegas ($1100- $130 ) has rake of 11.81%.
Until competition to offer tournament increase to pre Covid level, we will see similar Rake .
Also WSOP stopped offering tournaments in Atlantic City. Parx didn’t start their tournaments offering after COVID!
Tournament Director of any property has to fight for table space , extra rooms to accommodate huge crowd and has to prove that their event will bring enough revenue to offset regular operations losses.
Last edited by riverph7; 12-13-2024 at 03:21 PM.
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