Mohegan question

[SDA004]

I've heard a lot of rumors that Mohegan Sun is reopening their poker room. Is this true, or just heresay?

[swolfe]

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I've heard a lot of rumors that Mohegan Sun is reopening their poker room. Is this true, or just heresay?

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where have you heard this? i'm going to mohegan for a work thing in a couple weeks and was hoping to get some poker in.

somewhat off topic, but i heard that foxwoods is nearby (<15 mins)? is this right?

[phish]

Foxwoods is nearby, about 15 minutes.

There have been rumors of the Sun reopening their pokerroom from the day they closed it. I wouldn't count on anything until they issue an official press release.

[toots]

I wouldn't count on anything until they started seating players.

I mean, these are the guys who closed their room and used the excuse that the market isn't big enough for 2 poker rooms in CT.

I've never played poker at Mohegan, but with stupid statements like that, I already feel like they owe me several hours of my life (wasted waiting in line at Foxwoods).

[playersare]

the most recent issue of Casino Player magazine, Mohegan Sun CEO Mitch Etess quote:

"...we just don't think that the poker market is big enough for both casinos [Foxwoods] to succeed successfully. We felt that we could be more profitable by using the space for other things. Poker may have become very popular on television, but that doesn't necessarily make it any more profitable for the operator. We don't feel we need poker to complete our product mix, and at this time we certainly aren't rushing to put a poker room in."

[other1]

Yeah, and a computer will never need more that 512k memory.

[phish]

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Yeah, and a computer will never need more that 512k memory.

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512K!! My first computer had 64K! And someone who was used to working with less asked what could i possibly need all that memory for.

[toots]

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the most recent issue of Casino Player magazine, Mohegan Sun CEO Mitch Etess quote:

"...we just don't think that the poker market is big enough for both casinos [Foxwoods] to succeed successfully. We felt that we could be more profitable by using the space for other things. Poker may have become very popular on television, but that doesn't necessarily make it any more profitable for the operator. We don't feel we need poker to complete our product mix, and at this time we certainly aren't rushing to put a poker room in."

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Translation:

They think there's tons more money to be made catering to chain-smoking middle aged women chained to video poker machines than there is listening to 19-year-olds with fake ids complaining about the $10/hour time charges.

[IgorSmiles]

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the most recent issue of Casino Player magazine, Mohegan Sun CEO Mitch Etess quote:

"...we just don't think that the poker market is big enough for both casinos [Foxwoods] to succeed successfully. We felt that we could be more profitable by using the space for other things. Poker may have become very popular on television, but that doesn't necessarily make it any more profitable for the operator. We don't feel we need poker to complete our product mix, and at this time we certainly aren't rushing to put a poker room in."

[/ QUOTE ]

Translation:

They think there's tons more money to be made catering to chain-smoking middle aged women chained to video poker machines than there is listening to 19-year-olds with fake ids complaining about the $10/hour time charges.

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Well put, toots.

[AKQJ10]

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Translation:

They think there's tons more money to be made catering to chain-smoking middle aged women chained to video poker machines than there is listening to 19-year-olds with fake ids complaining about the $10/hour time charges.

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Per square meter they're probably right -- slots and video games are 100% automated and basically just require labor to sell the quarters and to take the quarters out of the machines.

However, it's not an either-or proposition. Both nations have plenty of land on their reservations to cater to all the slot players AND have a poker room. Since one doesn't rule out the other, the real business question is, "Does a poker room have a positive net present value?", not, "Does a poker room have a higher NPV than any other gaming use?" Besides, there's a certain advantage to having both (as was pointed out to me): couples who might otherwise stay home can have one member go play the slots all day while the other plays poker.

So I find it hard to believe that a well-managed casino couldn't make money in a poker room, and it would be absurd for Mohegan to cede 100% of the market in New England (and half of that in NYC) to their competitor. Something's fishy with that explanation.