Quote:
Originally Posted by Matt Savage
Pretty sure that minimum wage across the US is at least $8.50. Casinos do make a lot of money, poker rooms for the most part do not and tournaments are basically a loss leader in the eyes of many casino managers.
I'm sure I don't understand exactly what "loss leader" means, but if casino owners still think that way, they must be like Alec Baldwin in The Cooler or something, because it's patently false imo. Or the "loss" winds up "leading" to so much more profit for the casino, that it's sort of insulting to tow this party line.
I am pretty sure that for most properties, the amount of money from the prize pool that gets donated from players to the pit and to hotel services way surpasses the expenditures for labor and organization the casino has to deal with in order to spread the tournament.
It's somewhat annoying for poker players to hear this--we're not even asking for lower rake or comps, we just want transparency, and getting a response that's like, "you should be lucky we're spreading this tournament for you" is just annoying and must be destroyed!
(Needless to say, this rant is not directed at you, and I wouldn't be wasting keystrokes if I didn't think you were a good intermediary between the casino's viewpoint and the players'.)