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Old 11-22-2007, 12:55 PM
RR RR is offline
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Join Date: Sep 2002
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Posts: 5,113
Default Re: let\'s get the facts straight: poker makes money

There was a time not long ago that I worked in a poker room that was making a small profit. The casino decided to give up that small profit to replace it with empty space to get poker players out of their casino. The demographics have changed enough that casinos suits (for the most part anyway) aren't concerned about poker players scaring away their other guests.

Sometimes a poker room will lose money on paper. Not because having poker costs the casino money, but they choose to move the profit to some other department. That same poker room that closed to get poker players out of the casino had put up a lot of red ink before getting to the black. The red ink came from food and beverage charging full retail price for drinks. The hotel greatly over charging for hotel rooms. Even stuff like having signs made for in the cost more (out of the poker budget) to have done internally rather than going to an outside vendor. The poker room generated revenue for the casino, but still had plenty of red ink in the budget.
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