[Spiffysean]

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Why can't Vegas apply the simple laws of supply and demand to poker rooms?


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Vegas did. Rooms popped up everywhere for a long time. Now you see the smallest/worst rooms closing, and more will follow as poker finds a new equilibrium post-fad.

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Exactly, and well said. God knows we've been to rooms in Vegas (the Tropicana, etc) that do not even TRY with the room that they have, and I'm sure that they will close in time. However, what we have ALSO seen is that a wellrun poker room IS a good moneymaking draw for a casino. The work that the Bellagio, Venetian, and Wynn have done will ensure that although poker might decline in the future... they will be the ones to turn the light out when the boom is over.

There are too many successful business models for a room out there now. The bottom line is - if a casino wants to make a committment to run a good room, it's STILL (and probably forever will be) possible to do.