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Old 11-01-2005, 05:38 AM
bernie bernie is offline
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Join Date: Sep 2002
Location: seattle!!!__ too sunny to be in a cardroom....ahhh, one more hand
Posts: 3,752
Default Re: ALL B&M cardrooms face serious future financial problem

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Sorry, but you are mistaken. Costs will continue to rise, while revenues in poker (per table) cannot. The cost in real dollars will eventually overcome table revenues. Not soon, but eventually it is inevitable. Other businesses simply increase their prices. Poker cannot raise their prices without losing customers as it would be too expensive to play. Who will play 3-6 holdem with a $10 rake?

Dealer salaries, despite being minimum wage are costly. Add their health insurance costs, business liability costs, the cost of the employer tax portions for FICA, FUTA, Workers' Comp for every employee, expenses of operations and maintenance, drinks, the very rare comp, and other casino wide cost allocations (security, porters, cashiers, etc and the total will eventually overtake revenues. I am sorry to report all this but I work in the financial field and know of what I speak.

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Then you also realize that poker isn't the prime source of income for any casinos with pit games or slots.

It's actualy secondary to the guys wife who is out playing slots for 5 hours. Or his buddies who are over at the craps table.

But eventually I can see them raising the rake. Say if you add $1 to the rake of a 10-20 game or higher, it still beats playing 4-8 at a $3 rake.

b