Re: Congratulations! You just became the manager of a Vegas poker room
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If the house is more concerned with some kind of vanity project where perception is more important than the bottom line then I might as well quit now. If the room is not making a profit then we would all be out on the street eventually. I would appreciate it if someone could explain the economics behind the need to run any one specific game.
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Poker rooms are vanity projects by definition even though they turn a small profit... they are traffic generators and often thought of as little less than that, the poker room exists so tourists and customers who are there to spend/lose their rolls to the house are happy. Anyone who thinks the a poker room in Vegas is built for locals to come and play then leave before they spend money elsewhere in the casino is kidding themselves... the locals are welcome because they fill the room - they provide the bodies needed to make the tourists who are spending cash elsewhere in the casino happy.
The higher limit games make high limit pit players happy, a 100 min bet a hand blackjack player has no interest in playing 4/8 limit or 1/2 NL, its chump change - they want action! Also the higher limit locals are more likely top spend money at the casino's amenities. Its purely perception, and its helpful in the long term bottom line of a casino to have fewer low limit games vs higher limit games. Plus there is the added vanity affect that high limit games bring to the room, low limit players want to be near the high limit games too... this concept has been proven in the past numerous times by Bellagio, Taj, Borgata, Mirage, and other large rooms that attract a range of games.
PS: I am glad you quit, now I don't have to pay unemployment insurance when I fire you! Hurray!
TT [img]/images/graemlins/club.gif[/img]
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