Re: Congratulations! You just became the manager of a Vegas poker room
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Well I'd attack the problem slightly differently. Instead of trying to compete head on with Bellagio I'd try and move the market. We have a group of regulars who will play shorthanded and want to play rotation games in our limit range. Competition for these games is much weaker. The only issue is convincing the high limit pit players (they ARE the only reason we're doing this in the first place) that they want to play rotation games instead of hold'em. A marketing push portraying rotation games as elite should draw in the pit players.
If the above is a no go the idea I like best involve getting a couple B-list WSOP "Stars" to prop your games. Seeing a couple guys from TV will make your pit players think they're in the big time battling against the best there is.
I would avoid any rake reduction. This will just attract tables full of very tight locals. Your pit players want ACTION not chops every other hand. (In a market like CA where even the very worst players are rake aware this strategy can work, but not in a tourist town like LA)
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The rotation idea isn't that bad, if you couple it with a class for your "Pit Players" where your Host, or staff players give a private lesson to the pit players to encourage them to come over and try a rotation. Also work with the "regulars" to encourage them to play a rotation that the pit players are comfortable with (make the fish happy dammit, and we all eat...)
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This wont happen today, tomorrow, or even in 1 million years. A casino is a corporation, you must give your responses like you work for the corporation - driving bottom line. Pit players will never be encouraged to play poker instead of pit games... be realistic guys. Why the hell would the casino want their core customers to switch to a game with a smaller profit line?
Your both fired. Next....
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