jaynyc1122 t1_j3asbi9 wrote
Reply to comment by ctindel in NY officially solicits bids for casino with license fee set at $500M by geoxol
You must not have very good reading comprehension. Nobody said that poker isn’t profitable. I said that it doesn’t generate as much revenue compared to other games.
Foxwoods is not in a central location. It needs ways to market and attract people from the city. The only legal casino in Manhattan will not need to do that. There’s a reason why poker rooms are almost always in the back of a casino.
Now, the 5/10 game at my previous casino charged $7/0.5hr per person in timed rake. At a full ring that’d be $126/hr. The 1/3 and 2/5 games charged 10% capped at $5 but obviously made less than $126/hr on average. A game like roulette can usually generate much more than that.
At the end of the day, I don’t know whether they’ll have a poker room or not—they very well might. But if I were to bet, I’d wager that there won’t be one. Space is a commodity in this city. Why use valuable space for less profitable games when you don’t need to… unless they charge absurd rake, in which case, it won’t be worth it to even play.
Viewing a single comment thread. View all comments