In the next few weeks, MGM Resorts International’s, Monte Carlo Casino in Las Vegas, will close its eight-table poker room. It is all part of a new $450 million renovation plan that includes a rebranding of the new luxury hotel Park, MGM. Slowly over the last decade, there has been a steady depletion of poker tables on the Las Vegas Strip.
Chris Moneymaker kicked off the Texas Hold’em craze in 2003 as poker rooms began to thrive. It seems the popularity, however, has diminished since the glory days of Howard Lederer, Chris Ferguson, and Daniel Negreanu. Rooms are decreasing or have been eliminated from the casino floor altogether.
"Casinos added more tables in response to popularity, and once it became less popular, they took away the tables," said David Schwartz, director of the Center for Gaming Research at the University of Nevada, Las Vegas.
By 2007 casinos tripled in poker revenue to $97 million with 405 tables, to $78 million and 320 tables in 2016. We can blame Black Friday in 2011 when the US government implemented a new law prohibiting financial institutions to approve transactions for online poker and casinos.
Other closings in recent years include Hard Rock Casino Hotel, Ellis Island, Palms, and Tropicana. The current flow of closures is consistent across the US.
"Gaming has become a smaller portion of the overall revenue mix and things like poker rooms are candidates for further evaluation as to whether they make sense or not at a casino property," said Brian Gordon, a principal at the Las Vegas-based research firm Applied Analysis.
Source:
“Poker tables keep decreasing on Nevada casino floors”, lasvegassun.com
Lipstick 7 years ago Admin
I hope so jumboscampi, that is when Texas Hold'em was booming. We also need another rat pack to emerge, but I don't think we could ever replace the likes of Sinatra gang.
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jumboscampi 7 years ago Full Member
Absolutely, I remember those guys like Chris Moneymaker, Howard Lederer, Chris Ferguson, and Daniel Negreanu playing poker on TV. I used to watch that program religiously and like everyone else from the sounds of it, I just don't watch it anymore like I used to. It sounds like it's losing it's "grip" on all of us poker...
Absolutely, I remember those guys like Chris Moneymaker, Howard Lederer, Chris Ferguson, and Daniel Negreanu playing poker on TV. I used to watch that program religiously and like everyone else from the sounds of it, I just don't watch it anymore like I used to. It sounds like it's losing it's "grip" on all of us poker player want to be's like myself in Las Vegas too! For awhile there, those glory days of the "Rat Pack" were back again in Vegas and elsewhere from the sounds and looks of it and just like any other fad, it's drifting away. But never gone!!! Something else will come along and it'll be back again like gangbusters i'll bet!!!
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rferry5 7 years ago Sr. Member
It does not surprise me with so many online casinos and just about everyday there is another one to check out and play at and you dont have to waste gas, traveling time. you have the comfort of your own home, cant get any better then that but i do agree with war of the gods the lights sounds of machines and excitement...
It does not surprise me with so many online casinos and just about everyday there is another one to check out and play at and you dont have to waste gas, traveling time. you have the comfort of your own home, cant get any better then that but i do agree with war of the gods the lights sounds of machines and excitement of land casinos you dont get from online. thanks rose
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Lipstick 7 years ago Admin
I agree online casinos have the advantage of convenience, however, land based has the live action experience that is a whole level of different action.
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WaroftheGods 7 years ago Full Member
With the ever growing popularity of playing no limit hold em online, and at the many different sites too do so, I'm not at all suprised that these casinos are closing down poker rooms. Let's be honest here, how many people would rather stay in the comfort of they're own home and play then go out and play in public. I myself...
With the ever growing popularity of playing no limit hold em online, and at the many different sites too do so, I'm not at all suprised that these casinos are closing down poker rooms. Let's be honest here, how many people would rather stay in the comfort of they're own home and play then go out and play in public. I myself have played Texas holdem for several years now, love playing the game but have never played, even once, at a live table. It's all been online, I would definitely go out to a casino and play face to face with other poker players but have never been able to pass up the convenience of playing at home .
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jade 7 years ago Super Hero
OK, I get it............................ Thanks Lips!
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Lipstick 7 years ago Admin
Hi Jade, "What I didn't understand about the story was when I read how we can blame Black Friday in 2011 and the new law prohibiting transactions for online poker and casinos. You'd think that would boost activity in brick n' mortar poker rooms if they said no to online action. What am I getting wrong?" To answer...
Hi Jade, "What I didn't understand about the story was when I read how we can blame Black Friday in 2011 and the new law prohibiting transactions for online poker and casinos. You'd think that would boost activity in brick n' mortar poker rooms if they said no to online action. What am I getting wrong?" To answer your question and I agree it seems it would boost brick and mortar poker even more but it is just the opposite and I'll explain why. The internet as we all now is a powerful source for anything from soup to nuts. When Chrismoneymaker recieved a free entry from an online satellite game to WSOP and won it, he put Texas Hold'em on the map. Full Tilt Poker had the biggest poker legends around that you could watch play virtually any day of the week. When the US Government came in like a thief in the middle of the night and put a kibosh on online gambling it was a matter of time when the Feds finally shut down poker sites. It closed the door to all the social media hype and eventually lost its luster in land based casinos. Many of the poker legends who built a reputation online that we once followed eventually faded away out of the limelight. So that is what I meant by "We can thank Black Friday". Yes i agree the fellas and the ladies should play more Video Poker :)
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jade 7 years ago Super Hero
This is a shame for several reasons. Now what are those poker playing men going to do when they go to Vegas with their slot machine playing wives? I guess they will be walking up and down the street, going in and out of casinos, looking for a game, or take a cue from Lipstick and play video poker. What I didn't...
This is a shame for several reasons. Now what are those poker playing men going to do when they go to Vegas with their slot machine playing wives? I guess they will be walking up and down the street, going in and out of casinos, looking for a game, or take a cue from Lipstick and play video poker. What I didn't understand about the story was when I read how we can blame Black Friday in 2011 and the new law prohibiting transactions for online poker and casinos. You'd think that would boost activity in brick n' mortar poker rooms if they said no to online action. What am I getting wrong?
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NatSteph 7 years ago Hero Member
Very interesting to see these poker rooms closing. I wasn't aware that the interest was decreasing among players and that this was happening across casinos worldwide, and particularly in Vegas.
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Geno 7 years ago Newbie
wouldn't it be wonderful if a casino would proclaim its rarity and have a player's choice game as the deal moves around the table? management would have to determine whether to furnish a dealer or let the players deal, but it would be a fun game. your idea about the home games sounds great. casinos need to bring the fun...
wouldn't it be wonderful if a casino would proclaim its rarity and have a player's choice game as the deal moves around the table? management would have to determine whether to furnish a dealer or let the players deal, but it would be a fun game. your idea about the home games sounds great. casinos need to bring the fun element back into casinos and poker is a perfect place to start. casinos should have a Disneyworld touch so when people leave they realize they had a great experience and want to return.
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Lipstick 7 years ago Admin
Geno, you are spot on! We became so focused on Hold'em we lost sight of all the other great poker variations out there. I think incorporating some of the other poker favorites that are played around the kitchen table too could be introduced to spice up the variety.
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Geno 7 years ago Newbie
Casino management is responsible for the decline and closing of poker rooms in Nevada, Atlantic City and elsewhere. Poker is one of the few skill games in a casino and must be promoted. Instead casino managers are motivated by greed. All they care about is the profit margin of a casino's various enterprises. If you remove...
Casino management is responsible for the decline and closing of poker rooms in Nevada, Atlantic City and elsewhere. Poker is one of the few skill games in a casino and must be promoted. Instead casino managers are motivated by greed. All they care about is the profit margin of a casino's various enterprises. If you remove poker from a casino, you remove part of its heart and when the heart is affected, the patient dies. Casinos must add more limit poker games to its rooms. Texas Hold'em is frustrated and has become boring to the average player. Bring back mixed games, more high-low games, five card draw with the joker, and spend money promoting them. Otherwise, casinos are going to lost the players that were generated by the Chris Moneymaker boom and there will be many more closings of not only poker rooms, but casinos.
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