Rake increases at Mirage and Bellagio

Clarkmeister · #1 09-03-2002, 02:35 PM

All raked games were increased to a $4 rake, and several of the games had the rakes more frontloaded on top of the increase. While this will probabaly have little effect on the weekends, it will absolutely kill their weekday action. Daytime games, which are sparse and slow anyways are going to be hit the hardest.

This is not LA with an endless supply of people and money to fill the tables. The weekday games are well over 80% local and when the rake increases start to take their toll on some of the old retiree donaters, there is will be no one to take their place.

Does MGM-Mirage just not want the rooms to be successful in the long term? I would assume that it is tough to keep a room going based only on weekend action.

AceHigh · #2 09-03-2002, 03:38 PM

That's the same as Atlantic City, so it might not be as bad as you fear.

MichaelD · #3 09-03-2002, 05:17 PM

Clarkmeister,

Here in Chicago, the rake is $5 per hand. We have always been envious of those of you in Vegas who were fortunate enough to have such a reasonable rake. I am sorry to see the rake increase because it is taking more money out of the poker economy; but I do not think it will have a very negative impact over the long term in regards to games getting off. Maybe in the short term some will not play in protest, but long term, I think the games will still be strong.

Just some thoughts...

Michael D.

#4 09-03-2002, 07:43 PM

I also play Harrahs-E.Chicago{great Town}We pay a $5rake BUT we got a BUZILLION people around here....There are alot of GOOD players that play between the 40yrd. lines {at a $3rake}At a $5rake thier losing Now the casino loses them.Unstead of the game consisting of:ABCDE players It's got's A...B...& a little of this & little of that.Next the casino got's the A players a few B's&some walk ins..You-all know what happens next---SLOTS [img]/forums/images/icons/frown.gif[/img] H.N.}

Mason Malmuth · #5 09-03-2002, 09:10 PM

"Does MGM-Mirage just not want the rooms to be successful in the long term? I would assume that it is tough to keep a room going based only on weekend action."

I think this is hitting the nail on the head. My guess is that business, especially on week days, will be much slower a year from now.

MM

Mason Malmuth · #6 09-03-2002, 09:19 PM

I have always believed that in those areas where the population base is very large a high rake is to the benefit of expert players. It helps to contribute to knocking out new players before they learn to play tight. It's like paying a little extra to get novice players in your game.

However, Las Vegas, does not have this large population base. <font color="red"> So I believe it will hurt here. </font color>

Best wishes,
Mason [img]/forums/images/icons/mad.gif[/img]

mikelow · #7 09-03-2002, 09:50 PM

But doesn't that make the games worse in the long run by chasing out the weaker players sooner as they go broke faster? Now Las Vegas is a fast growing area, so maybe the player base can expand.

BTW, was the collection increased at the Bellagio 30-60 and 60-120 games?

PokerBabe(aka) · #8 09-04-2002, 11:30 PM

As of today, there is a 10-20 at Mandalay Bay with a 3 buck max rake. Babe

Clarkmeister · #9 09-05-2002, 02:04 AM

Sweet. Just need to get the word out.

In addition, the Stardust has had a very lively 6-12 game going the last 2 days. $3 rake + $1 Jackpot. But its a 5% rake vs the nearly 10% at Mirage, and you essentially get a freeroll at the 88k bad beat.

Mikey · #10 09-05-2002, 08:08 AM

I guess that's good for the Casino because when i was there this past Friday they couldn't even get a 6-12 going at around 11pm - 1am so I guess when there is a rep of a higher game going, more people will want to move there and play.

MAN..... A $3 RAKE MAX, for a 10-20 game, I WISH it was like that here.

Here it's a $5 collection per half hour!!!!

You guys have it so good in Vegas! I'm jealous.