Update-Florida Indian Compact-Final Draft & How Poker is affected

[CybrPunk]

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If the deal were to include poker, any room not more than 50 miles from a Seminole casino would be out of business within a year.


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Have to disagree with this statement. I have spoken to many of the players at the Isle and most said that even if the Hard Rock allowed $500 limits they would not leave. There are several reasons.

First, the Isle is nicer period. Also no smoking.

Second, the Hard Rock's rake is a time charge which most players hate.

Third, they only have a limited amount of room for any more tables so it will be a zoo with long waits - who wants that?

Fourth, most good players have adapted to the $100 limit and are still making a killing. My friend is playing 6 days a week and averaging $2000-$3000 a week. I usually make $100-$300 when I play.

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I agree with you wholeheartedly about the Isle and the quality of that specific room, however that's the only one that would remain open in my opinion. Gulfstream, Dania, Mardi Gras, Tampa Greyhound, Tampa Downs, PBKC... are all rooms that would cease to exist if the Seminole counterparts were allowed to offer high stakes poker. While one may have hope of remaining open, most others will likely end up with failed businesses and some overvalued, grossly-taxed land to sell.

[bocablkr]

Hi Cybr,

I think PBKC will still survive. It is far enough away from most of the Indian Casinos and it is actually the largest poker room in Florida doing around a $1,000,000 a month in poker revenue. The Isle is second around $650,000 IIRC. The Mardi Gras also might survive but I have never been there.

Is it true that the Hard Rock Hollywood has dropped the time charge. As of last week, they hadn't. Things change so quickly I might have missed that one.

[bigslickmark]

1) I think the parimutels will sucessfully lobby the legislature to relax poker limits. The parimutuels provide much more in taxes and jobs than the indian casinos.
2) The compact allows for dade and broward to have class 3 card games as well provided the gross revenue of the indian casino's do not drop below $1.5 billion (i think thats the right #). There is enough business to go around that everyone can have casinos in dade and broward and no one will suffer. In fact, I believe Miami will be the largest metro area on the east coast that will allow class 3 gaming. Combine that with the tourists that already flock here and you have a great combination.

[joao_,martins]

im lost!
so does this mean there will be a betting restriction on other card games they allow as well??? bc I dont see a reason ( beside the one being of the paramutuals staying in business ) that the betting amount in poker games should be restricted!
it would be downright silly to see people betting $100plus in a hand of blackjack while we sit there grinding the same amount hours at the poker table!