A Little Bit About Atlantis:
Linking The Royal and The Coral, and spanning a 7-acre lagoon, the world-class Atlantis Casino is an innovation in design. Brilliant glass sculptures by artist Dale Chihuly infuse the casino with vibrant, colorful energy. Atlantis Casino has a wide variety of the newest slots, over 85 table games and a Las Vegas Style Race & Sports Book Powered by CG Technology. The Race & Sports Book features a state of the art LED Video Wall spanning 67 feet with over 500 sq. ft. of viewing pleasure, up to 20 simultaneous HD video feeds, 44 personal betting stations and 6 VIP betting stations. In addition to the high-energy of the main Atlantis Casino, Atlantis offers guests a range of outdoor poolside and upscale indoor gaming experiences. From the tropical outdoor gaming at The Cove Pool to the Bahamian sunset backdrop with Slots, Blackjack, Roulette and Mini Baccarat at Sea Glass—it's all a part of Atlantis, Paradise Island gaming experience not to be missed. For more details on the Atlantis please visit www.atlantisbahamas.com.
By utilizing the Atlantis partnership benefit, you acknowledge that Atlantis, Paradise Island Bahamas is not operated by Caesars Rewards and operates its own Terms and Conditions, including: Offer must be booked and travel completed by January 31, 2020. Offer is based on hotel availability, rates may vary. Offer is not available November 27 - 30, 2019 & December 26, 2019 - January 2, 2020. Additional blackout dates may apply. 2 night minimum stay is required to qualify for this offer. Customer must post a credit card at time of reservation. Airfare, meals, taxes, resort fees and gratuities are not included unless specified. Room is based on double occupancy and is non-transferable. Additional guests over the age of 12 will result in a $50 charge per person per night in The Beach, The Coral, The Royal and The Reef with a maximum room capacity of 4 adults and 1 child under the age of 4. The Cove additional guests 12 - 17 years of age will result in a $50 per person per night charge. Additional guests 18 years of age and over will result in a $75 per person per night charge with a maximum room capacity of 4 adults and 1 child under the age of 4. Offer cannot be combined with any other Caesars Entertainment or Atlantis, Paradise Island offers. Atlantis management reserves the right to modify, change or cancel at its sole discretion. If you accept this offer and do not show any rated casino play, the Atlantis may charge you for some or all of your upfront complimentaries including rooms, food & drink, limos, etc. Any upfront complimentaries will be applied to your preferred player account. Additional complimentaries may be available once all upfront complimentaries have been earned. Guests must cancel their room 7 days or more prior to their arrival date and receive a cancellation number in order to avoid a cancellation penalty. If guest cancels their room 6 days or less prior to their arrival date, guest is subject to a cancellation charge of the first night's room rate. Reservations that are no shows/not cancelled will result in the guest being charged for the full length of the stay booked at the nightly cancellation rate. Nightly cancellation and no show rates are The Beach/The Coral $200, The Royal $300 and The Cove/The Reef $450. Gambling problem? US 800.522.4700 • Bahamas 880.522.4700
1Resort Fee Inclusions: WiFi in Rooms and Hotel Lobby’s (up to 4 devices), Access to Fitness Center (2 guests per day), Two Bottled Waters Per Day, Per Room, Movie Theater Unlimited Access, Coffee and Tea In Room, Casino Lessons Daily, Shuttle between Towers.
2Resort Credit is valid for all charges except: All gratuities and Retail.
3Complimentary Room Taxes are valid only on the offers Complimentary room nights. Guests are responsible for the room taxes on all pay nights.
4Off Peak months are February, May, June, September, October & January. Additional Peak days may occur during these months.
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Table Of Contents
A couple of weeks ago, the poker community got to watch a minor poker tragedy unfold.
The stage was set back in September, when the much-reviled Venetian poker room announced a special sort of poker tournament. Dubbed The Lucky Shot Poker Series & Drawing, it seemed like an attempt to merge poker with the casino game crowd by luring the latter over with $52,000 in drawings.
Most egregious to industry heads was the 'main event' of the series, a $150,000 guaranteed tournament that was guaranteed in the most literal sense possible — no matter how many or how few entries were logged at $250 apiece, the prize pool would be $150,000.
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Simple math tells us that the venue needed 600 entries to break even on the guarantee, though it would still come out in the red for the event after paying out staff and so forth. There was also the matter of the $52,000 drawing, which organizers likely hoped would be covered by the fees generated throughout the series.
In the end, 645 entries were logged for the $150K guaranteed event. That means Venetian only collected $11,250 in rake, or about $17.44 per entry. At only about 7% rake, that's a damn good deal for the players.
So, case closed, right? Poker community wins, Venetian loses, all is right in the world?
I would hesitate to say so, considering the way things went down.
Rush of Greed on Saturday
To give a little bit of background, the official schedule for the series listed six starting flights for the $150K guaranteed event, labeled Day 1a through Day 1f.
When registration closed up shop on Friday for Day 1e, 353 entries had been logged for an average of about 70 entries per flight. That put the pool more than $60,000 short of the target number with only one flight to go.
You know what happened next. Smelling expected value blood in the water, players flocked to Venetian and threw fistfuls of cash at the registration desk like eager Vegas tourists hitting the Spearmint Rhino for the first time.
They managed to cover the overlay and even send some rake Venetian's way to cut into the drawing pool, making it so Venetian covered about $27,000 of the $52,000 when all was said and done.
Community Misses Chance to Send a Message
In the lead-up to the Lucky Shot series, poker influencers like Doug Polk called for players to band together and #BoycottTheVenetian. As he wrote on Twitter, this represented a great chance for the poker community to send a message: we won't tolerate trash poker formats whose purpose is solely to rake dollars out of players' pockets.
While on the surface it appears something was accomplished by rendering the $150K guaranteed to a mere 7% rake, far below industry standard at that buy-in level, to me, it just feels like a major missed opportunity. The community had a chance to really punish the Venetian here, and instead, one of the ugliest parts of poker, a shameless pursuit of profits at all costs, was on display.
Saturday flights are always going to draw the largest crowd, so it was unrealistic to expect another 70-entry field. Still, something like 100 to 125 entries could have been logged in that last flight, sticking Venetian with around $30,000 overlay before even factoring in the drawing money. Venetian decision-makers would have had no choice but to label the series a resounding failure and chalk it up a one-time idea that missed the mark.
Instead, poker players sent a different message: as with other instances in the past, finding potential value trumps all other considerations. The Venetian needn't fear potential overlays, because at the end of the day, players will always flood through the door the second they smell even the faintest chance of free money.
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The late rush in the $150K combined with the venue-friendly rake collection in the prelims — PocketFives'Jeff Walshshowed the events wound up with rakes between 29% and 49% — means Venetian is probably more likely to make small tweaks and try this again than throw out the concept altogether.
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I've been around the poker community long enough that the way it played out doesn't really surprise me. That doesn't mean I can't be a little sickened when I see players sacrificing a chance to improve the long-term health of the game for a measly few hundred dollars in EV.
Please note that the thoughts and opinions expressed in this article reflect those of the author and not of PokerNews.
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