Aside from building custom poker tables and accessories, my company also offers rental services for poker, blackjack, roulette and baccarat. No craps yet because the only craps tables we have we can't move, those things are massive! As of last year, I've actually split my company where the rental business has branched off into its own company, Full House Party Rentals.
I'm looking to expand the rental company and want to open a cardroom. The cardroom though, would be a freeroll casino. So here's the scoop:
Any feedback is welcome. This is a pie in the sky thought right now because it's going to take a lot of money, time and effort to get something like this going. I'm currently already at my max bandwidth running the poker table shop to put much energy into this venture, but one can dream...
Part of me thinks that a good way into this is to setup a restaurant and just put in a whole bunch of poker tables inside instead of dining tables. Down play the food side of it, but it would be available for profit in order to pay for everything as well as allow for a liquor license. This is essentially a brainstorming session to determine how to earn money to pay for everything without taking a rake.
I'm looking to expand the rental company and want to open a cardroom. The cardroom though, would be a freeroll casino. So here's the scoop:
- Find a venue, offer freeroll poker tournaments with a prize to the winners.
- Run events weekly, or several times a week where players earn points for a grand prize annually or semi-annually. Quarterly?
- Get sponsorship from local companies (or non local like WSOP or WPT) to sponsor prizes for the winners, either cash or gifts. I'm thinking like the local auto shop or restaurant.
- Offer drinks and food for profit.
- Fill the room with high end custom tables as a showroom for Chanman Poker Tables.
- Make the venue available for rentals. Normally we load up our tables, chips, cards, etc into our truck and drive out to their venue that they book and do the setup, run the event, tear it all down and leave. With our own venue, we can invite people to come to our location where we no longer have to do any of the load in and load out.
- Also offer other games for staff parties and team building events. They can be straight up play money casino nights, or we can offer teaching services, showing noobies how to play all of the various games.
- Rent
- Pay for dealers
- Setup fees. Kitchen, Fridges, Coffee machines, decoration, etc.
- Utilities
- Consumables: Cards, buttons, felts, chips
- Insurance
- Security? Probably not necessary since no money of any significance would be on site.
Any feedback is welcome. This is a pie in the sky thought right now because it's going to take a lot of money, time and effort to get something like this going. I'm currently already at my max bandwidth running the poker table shop to put much energy into this venture, but one can dream...
Part of me thinks that a good way into this is to setup a restaurant and just put in a whole bunch of poker tables inside instead of dining tables. Down play the food side of it, but it would be available for profit in order to pay for everything as well as allow for a liquor license. This is essentially a brainstorming session to determine how to earn money to pay for everything without taking a rake.