How profitable are casino poker rooms? Do the casino’s compete with each other for poker traffic?
Just wondering if the casino’s are active about trying to draw a customer base to their poker rooms? I’m’ from washington and I know a lot of the local casino’s have shut down their poker rooms because they are not profitable enough. Cheers for any help.
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Tags: casino, Casinos, compete, each, poker, profitable, rooms, traffic
July 28th, 2010 at 6:55 pm
Years ago, casinos started eliminating poker room because they could make more per hour on a bank(s) of slots. Due to the current popularity, they have grown again and are considered a draw into the casino. However, they themselves are not big money makers and time will tell as the bottom line is scrutinized again.
July 28th, 2010 at 7:06 pm
Online poker rooms are taking over and are making millions. If your interested in looking into online poker check out http://www.fullofpoker.com/ultimate_bet.htm
July 28th, 2010 at 7:14 pm
Poker is not a very big money maker for casinos, but it draws people into their building and there is at least a chance that they’ll play other games as well as poker. The only money that a poker room makes is the rake, which is usually only 5% of the pot and capped at $5-$20 depending on the stakes or a seat rental fee that they charge to play, usually something like $10/hr. That’s not a great profit margin, which is why if you have a player card you don’t get a lot of bonuses for playing poker compared to other games.