Fiesta Rancho Poker Room - CLOSED

*TT* · #1 05-23-2007, 02:09 PM

Yep, its gone. And I predict a bunch of poker rooms will close over the next year or two on strip and off strip in Vegas.

There is an over saturation of the market, poker has become a non-profitable service rather than an expansion on gaming revenue for too many casinos with poorly thought out plans.

Oddly this is good for poker. Discuss.

IsaacW · #2 05-23-2007, 02:10 PM

[ QUOTE ]
Oddly this is good for poker.

[/ QUOTE ]
It's easier to shoot in a smaller barrel?

SellingtheDrama · #3 05-23-2007, 02:22 PM

Pretty simple: places that service poker will be genuinely committed to the game, not having it for the sake of having it.

Additionally (this is my wishful side as well), as the market consolidates into a set of higher quality operators, they will seek to differentiate themselves, most likely through a combination of player rewards and/or game selection.

facepull · #4 05-23-2007, 02:22 PM

which rooms do you think will survive?

*TT* · #5 05-23-2007, 02:28 PM

[ QUOTE ]
Pretty simple: places that service poker will be genuinely committed to the game, not having it for the sake of having it.

Additionally (this is my wishful side as well), as the market consolidates into a set of higher quality operators, they will seek to differentiate themselves, most likely through a combination of player rewards and/or game selection.

[/ QUOTE ]

I agree, except as we progress there will be less in the way of Player Rewards programs from the better rooms. They wont need to provide these old-school services. As Joe Awada just pointed out last week in Gambling Today (cover story) gone are the days of paying $50/night on the strip. Gone are the days of 3:1 blackjack. Yet people can pay a few measly dollars/hour in rake and expect to get a significant level of rewards for their time invested. This needs to go for casinos to increase their bottom line, or the rake will start to creep up again. The poker boon is slowing down, 16% profit year after year increases are gone. Managements will start to look at other methods to increase profitability, and I'd rather see the comps go than a switch to e-machines or a rake increase!

IsaacW · #6 05-23-2007, 02:28 PM

I was being facetious with the barrel comment. I agree that a smaller set of places will probably improve overall levels of service as the places that remain pick up the best talent from everywhere else. However, I wouldn't see a reduction in competition leading to an increase in comps and the like; I would think the opposite would be more likely.

Photoc · #7 05-23-2007, 03:35 PM

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Gone are the days of 3:1 blackjack. Yet people can pay a few measly dollars/hour in rake and expect to get a significant level of rewards for their time invested.

[/ QUOTE ]

I'm not aware anyone payed 3:1 for BJ anywhere. I know 3:2 was common and still is. The shoe games and high limit double decks on the strip. Off strip joints have plenty of DD at 3:2 H17. Yes, 6:5 Bj is abundant everywhere yet the house edge on this game is still lower than roulette and all the prop bets people love to play on craps. Go figure.

*TT* · #8 05-23-2007, 03:42 PM

[ QUOTE ]
[ QUOTE ]
Gone are the days of 3:1 blackjack. Yet people can pay a few measly dollars/hour in rake and expect to get a significant level of rewards for their time invested.

[/ QUOTE ]

I'm not aware anyone payed 3:1 for BJ anywhere. I know 3:2 was common and still is. The shoe games and high limit double decks on the strip. Off strip joints have plenty of DD at 3:2 H17. Yes, 6:5 Bj is abundant everywhere yet the house edge on this game is still lower than roulette and all the prop bets people love to play on craps. Go figure.

[/ QUOTE ]

Its a typo [img]/images/graemlins/wink.gif[/img]

Photoc · #9 05-23-2007, 04:39 PM

Funny part, is I doubt more than a handful of people on this forum have ever been to either Fiesta. No loss though.

The ones I can see closing are: Fitz, Plaza, Paris, Tropicana, Riviera, Jokers, Fiesta Henderson, and O'sheas. Not one of these rooms are being marketed properly or at all IMO.

swope · #10 05-23-2007, 07:47 PM

worth noting that garden city casino just fired a bunch of their waiters and outsourced the entire kitchen to aramark, citing management suspicions that high rollers were getting comped meals on the poker floor, which apparently was considered a major leak in revenues.

im inclined to think the skimming they got busted for and the resultant fines and legal fees would be far more troubling to the new managers, but what do i know?