article on canadian casinos - Page 2

Peter666 · #11 11-15-2005, 08:12 PM

All the Canadian casinos I have seen are full, so bringing people in is not a problem. The problem is we don't have enough casinos!

And the tourists have hurt certain games. It is extremely difficult to find a decent BlackJack game in Vegas because there are so many dumb tourists who play the Single Deck 6:5 or other crappy games. The casinos show a better profit offering only these.

As for poker, it is pretty well known that the hardest games are in Vegas, as that is where most of the professionals head to. The typical tourist will take shots playing poker, but usually at the lower stakes. The guys who keep the casinos rich are the high rolling gamblers who are not good at the games, but love to throw money at them and are there for long periods of time. Those are the guys you want to play poker against.

Also, the casinos make more money off their entertainment these days than gambling revenue. They don't have it in their best interest to offer super deals in regards to the gamblers anymore.

So the unabashed monopolizing has been and will end up hurting professional gamblers more and more in Vegas. That's why so many of us play on the internet now.

I will take my free crappy health care and tax free winnings in Canada either in our casinos or on the internet because making money is my priority. Vegas is a gamblers Mecca. We all have to visit, but we don't have to live there.

Peter666 · #12 11-15-2005, 08:24 PM

The poker players who show up to our Casinos are crappy too. The usual mix of degenerates, incompetent and competent. Or do you claim that Canadians are superior at your pastime? [img]/images/graemlins/wink.gif[/img]

Game selection is always important, but cuts into playing time. In Canada, every player starts with a 30% advantage not having to pay income tax. That is a huge difference to make up. I don't see how playing in Vegas or CA can make up for it monetarily speaking.

The nice news for Canadians is that they can go down to Vegas and play and also not pay income tax on their American winnings!

tylerdurden · #13 11-15-2005, 08:37 PM

[ QUOTE ]
Game selection is always important, but cuts into playing time. In Canada, every player starts with a 30% advantage not having to pay income tax. That is a huge difference to make up. I don't see how playing in Vegas or CA can make up for it monetarily speaking.

[/ QUOTE ]

Then why do the pros go to vegas? Do you think they make money by playing against other pros?

The proof is in the pudding - how much money do people spend in vegas vs. canadian casinos? It's pretty clear which one people find more value in.

Peter666 · #14 11-15-2005, 09:19 PM

The proof is in the math.

According to Price Waterhouse Coopers, Gambling across the United States generated a revenue of 47.3 Billion Dollars in 2004. The current population of the US is about 295,700,000 people.

In Canada, gambling generated a revenue of 13 Billion Dollars in 2004. The current population is about 32,800,000.

So Americans generate about $160 of gambling revenue per person, while Canadians generate $396 dollars per person. A whopping 2.5 times more. Per capita, our casinos generate way more revenue.

Naturally pros go to Vegas because that's where the Mecca of information and competition is. But from a financial planning perspective, Canada is the place to be to get the most bang for your buck.

tylerdurden · #15 11-15-2005, 10:53 PM

[ QUOTE ]
The proof is in the math.

According to Price Waterhouse Coopers, Gambling across the United States generated a revenue of 47.3 Billion Dollars in 2004. The current population of the US is about 295,700,000 people.

In Canada, gambling generated a revenue of 13 Billion Dollars in 2004. The current population is about 32,800,000.

So Americans generate about $160 of gambling revenue per person, while Canadians generate $396 dollars per person. A whopping 2.5 times more. Per capita, our casinos generate way more revenue.

Naturally pros go to Vegas because that's where the Mecca of information and competition is. But from a financial planning perspective, Canada is the place to be to get the most bang for your buck.

[/ QUOTE ]

Whatever. Keep thinking that. Your positioning of the data assumes that Canadians only go to Canadian casinos and Canadian casinos only have canadians as clients (and similarly for US casinos).

If there was more money to be made in canadian casinos, I'm pretty sure the pros would be there.

Enjoy your (not) free healthcare.

tylerdurden · #16 11-15-2005, 10:55 PM

Also, note that by your reasoning, the Indian tribe with twelve members and a bingo hall on their reservation would probably have the "best" casino in the universe. Per capita.

jcx · #17 11-16-2005, 01:19 AM

Taxes are clearly not the main concern of US Poker players. Outside of tournament wins where a W2G is issued, I'd say a very large percentage (80% or more would not surprise me) of money won in cash games goes unreported, as most casual gamblers don't bother. Pro's clearly want to play against "gamblers" and the free drinks, exploding volcanoes and topless shows draw 'em in. I played at Casino Windsor over 10 years ago, and I was dumbstruck at how staid the place was compared to NV casinos (casinos elsewhere in the US being somewhat rare at the time). Yet it was packed, no doubt with Detroit area residents. I haven't been back to Detroit since but can't imagine people driving across to Canada to play with MGM in their backyard (and not having to deal with currency exhange).

Peter666 · #18 11-16-2005, 03:32 AM

Luckily Canadians have developed two WMD's to counter all annoyances of cross border travel: you can touch our fully nude strippers and drink at 19 (18 in Quebec). [img]/images/graemlins/cool.gif[/img]

Peter666 · #19 11-16-2005, 03:56 AM

You obviously don't like to be proved wrong:

A professional gambler in Canada does not pay income taxes, hence his health care is free.

I am comparing the revenue of two nations, not the anomaly of a couple Indian tribes. You guys have 10 times more the population and opportunity due to less restrictive legislation, but can't even tie us in revenue per person. And it is to your advantage that Canadians and people around the world travel down to your famous casinos. Why can't you beat us in revenue per person? Our population is not 12 Indians.

Canadian Casinos also offer comps. You have to pay for alcohol (which one can consume at 19) but other drinks are free and American style comps are given. And our gamblers tend to be of equal crap compared to other places.

Taking all this into consideration you fail to mention how a professional gambler who earns his living playing in casinos can easily make up his 30% deficit in the US compared to Canada. If two poker players have equal talent, how can the one in America possibly make more money than the one playing in Canada if they play the same limit game?

Maybe you can find a third person arbitrator that we can both agree on to settle this question. [img]/images/graemlins/tongue.gif[/img]

Kurn, son of Mogh · #20 11-16-2005, 09:39 AM

My point was simply that 7 active tables and no alternative place to play nearby is not optimal game selection.

Also, it's my understanding that in Canada, gambling winnings are taxable if its your sole source of income. But I may be misinformed.

And, finally, if you're playing live in the US, there's no paper trail on your casino winnings, so while technically they're taxable, the reality is not all people with other jobs actually report all their casino winnings anyway.

Sort of like any cash business. Lack of paper trails means not everything gets reported.