Tag Archives: mgm

Aria Poker Room – the Newest Haven for Poker Players in Las Vegas

As a poker player living in Las Vegas, I have pretty much adopted my “home” poker rooms. There are a multitude of reasons why a poker player living in Las Vegas, or even visiting regularly, would consistently visit the same poker rooms time and time again. For me personally, the determining factors include: the poker room is comfortable, beautiful and draws large crowds, the floor people or dealers are kind and accommodating, I consistently win when I play at the particular room, and other poker friends and players I know tend to congregate there. This doesn’t mean that I am “married” to these poker rooms, and in fact, I am always open to try a new poker room just to shake things up a little bit in my daily poker grind.

The City Center project, part of MGM Mirage, recently opened the new Aria Casino (complete with Aria Poker Room) in the middle of the Las Vegas Strip. A massive, thunderous entity in the middle of the city, it piqued my curiosity. I figured that the newly opened poker room would be trying to one-up its already existing competition (Venetian, Mirage, Bellagio, etc). So after the Aria Poker Room had been open for a couple weeks, I looked at some photos and a write up on Las Vegas Poker Source, and decided it was time to venture down and try out a poker session in the new room.

When I arrived, I was instantly thrilled to find that once I entered the casino from the parking garage, the poker room is literally right there. Very easily accessible, which is a plus. Some of the other rooms in the city are quite a trek from parking to poker table, so this was the first positive aspect. The next, and definitely the most impressive, is the visual facet of this poker room. Deep thought went into the design. There are giant, decorative playing cards crafted from various metals on all the outer corners of the room from floor to ceiling. It is beautiful and definitely puts one in the mindset to play cards.

The interior of the Aria poker room is pleasing as well; very colorful with prime lighting, 24 brand new tables designed to give players a little more personal space during the game, ultra-comfortable chairs, and plenty of high-definition televisions planted throughout. I also couldn’t help but notice the special “high limit” room – glass-encased and attached by a private entrance to the cashier cage. I was told that this room is used for super high stakes cash games and invited guests only. It is the Aria’s answer to Bobby’s room at its sister property, Bellagio.

For the convenience of the players in the Aria Poker Room, there are restrooms, ATMs, a coffee shop and carryout food spot within a few steps. The room is complete with tableside food and beverage service as well. Players can use their MGM Mirage Player’s Card to earn $1/hour comps to be spent in any MGM Mirage property.

The Aria Poker Room is typically offering cash games at the following stakes: $1/$3 No Limit Holdem, $2/$5 No Limit Holdem, $5/$10 No Limit Holdem, $3/$6 Limit Holdem, $4/$8 Mixed Game, and $9/$18 Omaha Hi/Lo. Managers say that they do often run more games than this, and are willing to start a game for pretty much any interest list that is generated by players. In addition, they have a pager system to send text messages to players on the waiting list when their seat is ready and also have the ability to have a poker dealer send out a notification to players that a particular game is starting up at the Aria Poker Room. This new technology is sure to be a draw for poker players.

Aria Poker Room has a daily poker tournament available beginning at 1pm. Poker players may late register until 3pm, but there are no re-buys, add-ons, or re-entry if you bust. The buy-in is $120 and players receive 8,000 in chips with 30 minute blind levels. The tournament has been accruing anywhere from 30 to 70 players each day, with weekend tournaments attracting the bigger crowds.

Despite a slow start, due partly to the economy and partly to its opening being close to the holidays, the Aria Poker Room is a popular new room for poker players to hone both their cash and tournament skills. Poker players and managers alike give high praises to the poker room staff, stating that they are some of the very best out there. This is likely due to the high number of applicants to the property during a time in Las Vegas where a surplus of poker dealers have found themselves out of a dealing job. This factor surely provided the Aria Poker Room with a very large pool from which to choose high caliber staff.

For more photos and information on Aria’s poker room or tournament schedule, as well as other poker rooms and poker tournament schedules throughout Las Vegas, visit www.lasvegaspokersource.com.

Online casinos financial report Vs land based casinos (Page 1 of 2)

In this article I will analyze these two industries, trends, regulations, profits and overall status.

It is clear that there is a battle going on between the online casinos to land based casinos. I took for example one of the biggest and strongest land based casinos – MGM ( $7.7 B) and one of the successful online casino company-888 Holdings ($1 B).

These companies are good examples since they are leaders and reflect the industry very well.

The war started a long time ago but I think it escalated in 2006 with the coalition of anti-gambling conservatives, together with Las Vegas interests and law enforcement which forced the government to ban online gambling.

Analysts estimated, at that time, that the amazing success of online casinos was over. Traded online casinos went down and everybody thought they were finished but it turned out to be the biggest mistake ever. Since then, land based casinos have been losing their power to online casinos.

Countries all over the world have realized that it is better to regulate online casinos rather than ban them because people will always find ways to gamble and to play the casino and banning them loses millions in taxes.

Take for example MGM

MGM together with Dubai world fund (which is a government investment fund. Its assets under management are excess of $100 billion and the revenue was $10.6 billion to in 2006) are short of funding in their $3.5 billion ( still pending) project “CityCenter” in Las Vegas due to the reluctance of the banks to give such a big loan to the project. German Deutchebank and Suiss Credit are among those banks.

The raising of finance for e $3.5.billion projects should have been completed

by end of June 2008. The cost of the project is $100 million a month.

“At present, no company in America has been able to borrow such sums from the banks” said James Maren, President of MGM Mirage in an interview with Bloomberg TV.

Just look at the trading charts of MGM. Earnings per share went down nearly 50 for the last year due to a decrease in players and a decrease in earnings.

There are several reasons for this:

First, the economy is in bad shape, gas prices are constantly rising, inflation is rising and US debt is more than $9.4 trillion and rising $1 billion a month. The stock market is also not doing well.

Second, it has become very expensive for Americans to travel to Vegas. When you pay more than $4 a gallon, you don’t drive and you don’t fly, simply because you rather save this money then spend it on traveling.

Third, online casinos are on the rise and taking a lot of players from them. With fast internet connections, smart and sophisticated online casinos and huge numbers of casinos guides, you have everything you need you need to optimize your bet.

888 HOLDINGS

888.com is one of the successful online casino operators on the web. It trades on the London Stock Exchange; market value is about $1 billiard.