Perhaps the Western is a good business opportunity. It currently has 300 slot machines and four table games (3 blackjack and 1 craps table). Square footage is 9207 square feet.
It would be crowded but it is possible to squeeze in 500 slot machines. A facility with 500 slot machines qualifies as a place that can apply to operate internet poker under the law being prepared in congress. The Western may be the cheapest possible facility that you can purchase that qualifies.
Carson Valley Inn may have been the most inexpensive property in the nation to still have 500 slots. It was purchased last January for an unknown price, but the new owner poured in $8 million in the first few months. It is in a remote location in the Carson Valley, which is a narrow road over the mountains from South Lake Tahoe which may be impassible in the winter. But if you have a location for an internet poker business you only care about qualifying to meet the letter of the law.
Quote: DonPedroanyone know their BJ rules ???
No teeth, and leave a tip after you zip.
Quote: DonPedroanyone know their BJ rules ???
It just say liberal. But this casino is the absolute bottom of the barrel. The smell of decades of cigarettes is overpowering. It is certainly not the kind of place that Washington envisions as home to internet poker. But if the only rule is 500 slot machines, then that is the only rule.
I would not mind the run down place if they offered a decent BJ game for that area .
The tez a much better game.
I cannot bring myself to play subpar games
Quote:The Western RV Park is located in Downtown Las Vegas and is walking distance to the infamous Fremont Street. We have the lowest rates in town, so call today for your reservation!
$15.00 Nightly Rate!
Plus receive a 10% discount at the Eazy Café inside the Western upon check-in.
Infamous? Are they trying to bring people there or keep them away?
Quote:: having a reputation of the worst kind : notoriously evil <an infamous traitor>
: causing or bringing infamy : disgraceful <an infamous crime>
Western becoming profitable due to Internet Poker? Maybe. I was thinking more along the lines of some politician using urban renewal to upscale the neighborhood and then have that gaming license be more profitable. Perhaps I should have been thinking of Internet Poker instead.
Quote: FleaStiffSounds like the Carson Valley Inn purchaser knew that a bill was about to be introduced. Perhaps the real purchaser is the lawyer who wrote the bill?
Western becoming profitable due to Internet Poker? Maybe. I was thinking more along the lines of some politician using urban renewal to upscale the neighborhood and then have that gaming license be more profitable. Perhaps I should have been thinking of Internet Poker instead.
There was an urban renewal project called East Fremont St but technically it stops the street before the Western Casino. But still Western uses it in their website. But city sponsored urban renewal rarely makes you rich. It usually just slows the decay a little.
Actually, to be fair I was talking with a lawyer who is working on a bill for Nevada that is tied into the Federal bill. He wanted to know how he could determine which casinos have 500 or more slot machines. There were 109 casinos in Nevada. Obviously there are a couple of casinos that just miss the cut-off but could quickly add a few banks of machines.
Then he began discussing some of the moribund licenses in Reno that might be manipulated to get to the required number of machines (like Siena Hotel).
I was just curious as to what are the smallest casinos that still meet the 500 machine criteria. The smallest was in Henderson that dedicates 10K sq. ft to slots (out of 12K total) and fits in 550 machines. I thought of the Western which has just over 9K sq. ft. You would almost certainly have to remove the table games.
But there is a casino that should cost $5-$7 million and it would provide a platform which can be used to purchase an internet poker license.
Another loophole is to develop a legal "gaming device" that meets the letter of the law, but is very small. The bill tries to remove that possibility by not qualifying mobile gaming devices. Then your casino could fit in a storefront.
Before people get too excited, the bill is still in draft form. If the congressman is getting sound advice, they may change the requirement to owning a casino that makes $72 million or more in a fiscal year. That would cut the field of applicants back considerably.
Personally, I think that the lawmaker is pandering (what else is new?) because there is no reason that operation of an internet poker company should be restricted to companies that have physical casinos. I think they don't want to set up a qualification system. By relying on pre-approved operators at the state level, they don't have to qualify the internet companies.