Q: Conducting your own WSOP Satellite at a LV Hotel

[DonT77]

A bunch of friends and I are meeting up in Vegas the first weekend of June. About 8 of us will be playing in the June 3 1.5 K NL WSOP event. We are all going to hit up the satellites at the Rio on Thursday but a friend and I had an idea about hosting our own little satellite Wednesday night in our hotel room after everyone arrives.

If all 8 people show, the buy in will be $200 each. First prize will be $1500 for the event and 80% of his own stake in the tourney. Second prize will be $100 and 8% stake of the winner. Third will get 6% stake. Fourth will get 2%.
Fifth thru eight will get 1%. Basically your $200 will guarantee you at least a 1% share of the winner in the WSOP 1.5K event.

Does anyone have any experience with this type of setup? Do the stake percentages sound about right? I am staying on the strip. I probably will need a table and some chairs and was thinking about contacting the conceriege. Will the casino be cool w/ this or am I going to have to keep it under wraps? Thanks for any advice...