Poker room earnings(LC) - Page 2

Poshua · #11 06-14-2007, 07:56 PM

[ QUOTE ]
NJ CCC's monthly financial reports sometimes include itemized breakdowns of revenue casino-by-casino rather than just total house win. CCC news page--the summaries on the financial page don't seem to include the same.

Gross Revenue for Poker for January 2007:
AC Hilton: 19 tables, $189,611
Bally's: 30 tables, $315,994
Borgata: 117 tables, $3,429,116
Caesars: 24 tables, $526,315
Harrah's: 34 tables, $309,869
Resorts: 8 tables, $65,456
Showboat: 24 tables, $421,977
Tropicana: 48 tables, $996,764
Trump Marina: none
Trump Plaza: none
Trump Taj: 70 tables, $1,636,783

So the little guys take $10kish/table/month and the big three probably do about $20kish/table/month. January included the Borgata Winter Open and Caesars WSOP circuit for extra-high numbers there.

(Seems like they do OK on poker...but the Borg took just under $26,000,000 from table games and just over $34,000,000 from slots the same month. Doesn't look like so much then...)

[/ QUOTE ]

That data is based on the number of tables a casino is authorized to have, not how many it actually has. For example, it shows the Borg authorized at 117 tables, but per AC Poker Guide they only have 85 actual tables:

http://www.acpokerguide.com/pokerroominfo.htm

So, the per-table take is going to be higher.

LockLow34 · #12 06-15-2007, 07:33 AM

A private game in the DC area was busted a few years ago. They ran 3 nights a week, one of 3-6, one of 6-12, and one of 1-2 pot limit; 2-3 tables per night. Reported in the news they made upwards of $40,000 a month, though we speculate it was closer to $25,000 a month.

Alas

sirpupnyc · #13 06-15-2007, 10:24 AM

[ QUOTE ]
That data is based on the number of tables a casino is authorized to have, not how many it actually has. For example, it shows the Borg authorized at 117 tables, but per AC Poker Guide they only have 85 actual tables:

[/ QUOTE ]
True, but the extra tables, like the extra money, come from the Winter Open. November 06 has 85 tables and $2,027,544. The postings are a bit spotty about whether or not they include the itemized sheets which list poker separately...it's hard to find a month that's available and not skewed by a big event somewhere.)

Poshua · #14 06-15-2007, 10:26 AM

[ QUOTE ]
[ QUOTE ]
That data is based on the number of tables a casino is authorized to have, not how many it actually has. For example, it shows the Borg authorized at 117 tables, but per AC Poker Guide they only have 85 actual tables:

[/ QUOTE ]
True, but the extra tables, like the extra money, come from the Winter Open. November 06 has 85 tables and $2,027,544. The postings are a bit spotty about whether or not they include the itemized sheets which list poker separately...it's hard to find a month that's available and not skewed by a big event somewhere.)

[/ QUOTE ]

Oh, I didn't realize they actually add tables for the winter open. Where do they put them?

sirpupnyc · #15 06-15-2007, 10:40 AM

I dunno...don't they add poker space in a ballroom or something for the big events? The poker room is spacious enough that they could probably get a good number of extra tables in there, but not having to climb over every other player in the place to get to a seat is part of their appeal.

AngusThermopyle · #16 06-15-2007, 10:56 AM

Bay101, San Jose. 40 tables. About 25 poker, rest 'Asian Games'. No slots, etc.

Paid by Bay101 to City of San Jose on 5/3/2006:
$582,103.00 Local taxes based on 13% of April revenue

So, about $4.5M a month gaming revenue, $112K per table.

Source

Frond · #17 06-17-2007, 01:41 AM

The local tax revenue amount generated is amazing on it's own.

threeducks · #18 06-20-2007, 12:38 PM

I was chatting with a floorperson about why they were limited to a fixed number of tables - He said that they asked the city for 10 more tables and that the city would get 13%. But, it was turned down. Too bad since the list is long there. He did a mental calculation of $2500 per table per day or $25k more a day. That is a lot of revenue for the city. Of course, your figures are more accurate - thanks for the information.

TMTTR · #19 06-20-2007, 02:00 PM

[ QUOTE ]
A private game in the DC area was busted a few years ago. They ran 3 nights a week, one of 3-6, one of 6-12, and one of 1-2 pot limit; 2-3 tables per night. Reported in the news they made upwards of $40,000 a month, though we speculate it was closer to $25,000 a month.

Alas

[/ QUOTE ]

After the incident in NYC last week, a couple of us tried to estimate the take of an 8 table room (charging time) in a day/month/year... our conservative estimate was $120K per month gross.

Diana Ross Fan · #20 06-20-2007, 06:09 PM

I tried it too. It get's tricky trying to estimate the costs of all of the staff. A good large poker room needs its own.

dealers
guards
cage
brush
floorman
manager
janitors
rent cost of the autoshufflers.

and probably someone else I have forgotten.

Subtracting the dealer's hourly earnings from the drop of a table is easy. But you need a lot of numbers to get the cost-per-table of the room.

Honestly, I am surpised any card room can do it without charging a suffocating rake. (Unless they did away with the small stakes games, that would change things). Gets worse when the room is not busy but still has to pay it's staff.