There are a number of high profile casino bankruptcies...and more going on right now in Vegas.vulcan99 said:1. The Casino is NEVER gambling their own money, in any game - they always win. It is other people's money they are staking with. Have you ever heard of a casino going bankrupt? Or losing?
2. The dedicate floor space to poker because of its popularity, not because of its profitability to the house. THINK....if they filled the poker room with slot machines, what would make them more money?
3. "Rake" is taken only at low limit games...most med/higher limit games require a "session fee", which has each player pay the house a flat rate every 30 minutes just to sit there (depending on the game stakes, anywhere from 5$-15$ every half hour).
Any bankruptcies are either before they are open long (construction costs kill them) or someone is skimming too much out of the counting room. There's no way these places lose money.Mencken said:There are a number of high profile casino bankruptcies...and more going on right now in Vegas.
And with other games of chance the casino is using its own money. A slot machine can pay out against them for a time...they are random. Over time the house has the advantage and it will get its money back, plus. But a bad run can actually hurt them, especially with high stakes. Not poker though...that is players money.
