Palms Casino Closes Las Vegas Poker RoomWell-Known Room Shuttered Indefinitely |
|
A Las Vegas poker room closed yesterday.
The poker room at the Palms Casino Resort, which had less than 10 tables, shuttered yesterday, the casino confirmed with Card Player. The casino said it wouldn’t comment on the future of live poker at the Palms, or the specific reasons for its closing.
The news probably isn’t too surprising for the apparently struggling poker room. Located a short car ride off the Strip on West Flamingo Rd., the room likely had trouble getting enough cash game players to sustain a healthy venue.
The poker room at the Palms had been run by Cantor since 2012.
Though poker in Nevada is on the upswing for the first time since 2007, the number of live tables in the state was 774 in 2013, the lowest number since 2005. Also, the number of rooms fell to 88, the lowest since 2004. The poker boom in Nevada was over by 2008.
Live and online poker in Nevada brought in $123,891,000 during 2013, up from $123,253,000 in 2012. According to research from the University of Nevada Las Vegas, 2013’s poker revenue figure represents the first increase year-over-year since 2006 to 2007.
Poker in the Silver State represents around one percent of overall gaming revenues. Poker is dwarfed in comparison to slot machines, which accounted for more than 60 percent of the $11.14 billion in statewide gaming revenue last year. Sports betting and poker are comparable.
The closing of the Palms poker room follows the high-profile closings of such rooms at M Resort and Circus Circus. Those rooms closed in August and September, respectively. Other poker room closings in recent years include Gold Coast, Tuscany and Fitzgerald’s (re-branded as “The D”).
Copyright © 2001-2024
CardPlayer.com. All rights reserved.
