Stratosphere Poker Room - Suggestions and Improvements

[chao22mien]

I work at the Stratosphere as an Analyst. One of my projects is to look at the poker room, put together analysis and make recommendations to improve the poker room.

Here is where they are now:

The poker room is in a bad location. It is located right behind a night club and is hidden. There's been talks of relocating the room, but at this point, I am looking at making improvements based on what they have now. They run at 35-40% occupancy and they have 8 tables. Obviously we would like this to go up. Around 1/3 of their bottom line is from tournaments.

They run 4 tournaments a day and pretty much the only cash game they spread is 1/2NL.

My first thought is looking at the tournament structure. Without sharing my thoughts, I would like to get outsider's perspectives. Below are the details of the tournament.

Please give your feedback. Is the tournament competitive? Would you play in it? What is good/bad about the tournament and structure.

Tourney Details:

9am, 1pm, 8pm, 12am
Starting Stack = 4K chips
20 minute blinds
Avg Participants - 25-60...closer on the 40 range.

$60 buy in. No rebuys and no add-ons. No guarantees.
New entries and re-entries for 1st hour.


Blinds

Level 1 - 25-50
Level 2 - 50-100
Level 3 - 100-200
Level 4 - 100-200-25 ante
Level 5 - 200-400-50 ante
Level 6 - 300-600-75 ante
Level 7 - 500-1000 - 100 ante
Level 8 - 1000-2000 - 200 ante
Level 9 - 2000-4000 - 500 ante
Level 10 - 4000-8000 - 1000 ante
Level 11 - 6000-12000 - 2000 ante
Level 12 - 10000-20000 - 5000 ante

17% of total prize goes to the house.

I appreciate any feedback. Thank you.