Re: let\'s get the facts straight: poker makes money
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Poker is unprofitable.
Casinos lose money on poker.
Bull-pucky, bull-pucky, bull-crapola.
I wonder if these people actually like the taste of bullpucky, because that's what comes out of their mouths every time something like this is said.
A fairly busy 10 or 12 table room can easily make several million dollars a year. The costs associated with running and maintaining this room will likely not exceed 30% of their total rake. My figures come from numbers I've actually seen with my own eyes, but obviously I can't give exact numbers.
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There's a lot of truth here. Larry Flynt makes MORE MONEY from his gardena card room, than ALL of his other businesses combined.
So much so that he's planning a Las Vegas casino.
But the Hustler Casino, LA is a HUGE money maker - no slots, no craps - just the rake from poker and other card games.
Cha-CHing!
AB
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