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Old 11-28-2007, 11:08 PM
Jimmy The Fish Jimmy The Fish is offline
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Join Date: Jun 2005
Location: Back in the Show-Me State
Posts: 264
Default Re: let\'s get the facts straight: poker makes money

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WV Poker Rooms Profit

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Sweet. An actual, bonafide fact.

Thanks for the link.

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Actually not. See the link only lists revenue, but the poster named the link profit. Revenue and profit are two very different things.

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so it costs more than $700,000 to run a poker room for four weeks?

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Almost certainly not. But you're very close to the distinction between revenue and profit.

Revenue is all the money that comes in. Profit is the amount of revenue that's left over after all the bills have been paid.

The link provides information on WV poker revenue, but doesn't give any indication of how much profit there might be. See posts from earlier in the thread about how accountants in other casinos have pushed non-poker expenses into the poker room's ledger, to make the rooms appear less profitable. The bottom line is, you can't just look at revenue and draw a conclusion.
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