Spate Of Poker Room Closures Hit Las Vegas

Spate Of Poker Room Closures Hit Las VegasThis month, the Circus Circus Casino closed its poker room “indefinitely,” as the casino located on the north end of the Las Vegas Strip failed to attract sufficient action to its tables.
In recent years, the live poker scene in Las Vegas has been suffering a dramatic decline and last year generated $123 million in revenue, a 6.54% decline compared to 2011.
That total was the lowest amount reported since 2004, and this year the figure is likely to be equally as disappointing as a number of other Las Vegas poker rooms have also closed their doors in the past few months. These include Riviera, which closed its poker room in June; and the M Resort which closed its poker room only last month.
Despite the spate of recent closures, the news may not be all bad for the poker community. Many of the venues shut are actually small poker rooms catering to low-limit players, who will now likely end up playing at some of the more popular casinos, instead, such as The Venetian, The Mirage, and Caesars. In fact, as a article entitled ‘Why the recent rash of poker room closings is a good thing’ pointed out recently:
“What I want is the 50-100 players playing at these tiny, out-of-the-way, casinos to head over to the Bellagio, the Venetian, the Wynn, and other poker hubs and play the low limit games there. Let the money stay in these poker eco-systems instead of a table full of random tourists losing to some local low-limit grinder at Circus Circus who grinds out the $1/$2 NLHE tables day in and day out, because once that money is in his pocket it’s never coming out.”
In addition, it would seem the poker room closures are not all one way traffic and for every room that shuts, another opens in Sin City. The LVH (formerly Las Vegas Hilton), for instance, opened a new poker room in July with five tables offering low buy-in tournaments and cash games.

Poker News
22 Feb 2018
Certain members of the poker community have been warning to steer clear of JaoPoker since May of 2017, and it looks as though their concerns were well founded after the unregulated US-facing poker site apparently announced its closure this month. Furthermore, all indications point to all its player funds now being lost, with the site
26 Dec 2017
Having been established in 2014, Betcoin may have been the world’s oldest Bitcoin-based internet-gambling site, but it has now reached the end of the road. According to an official note released by Betcoin, it was acquired by a mystery owner on December 18th, with the site subsequently ceasing its poker operation on Christmas Day of
18 Aug 2017
The Bureau of Gambling Control (BGC) has temporarily shut down the 500 Club card room located in Clovis, California, after apparently discovering that it did not have enough funds to cover all the chips used at the 12-table poker room. News of the development was picked up by the Fresno Bee, with the newspaper stating
08 May 2017
In August 2016, PKR took the poker scene by storm with its innovative next generation 3D poker software, and over the years has collected numerous industry awards, including at the British Poker Awards and the EGaming Review (EGR) Operator Awards. Just over a decade since its initial launch, however, and the brand has now been