Wednesday, November 28, 2012
I think they are all necessary parts of the strategy, but for us it makes a lot of sense to start ba
There is obviously value in brand recognition with the name Stratosphere. It's an iconic brand, but we are going to go with a standalone brand. We decided travel inn hotel ny that we had an opportunity with the emerging US (and Nevada) market to use a new brand. This also allows us to pull from the databases of our existing four properties and promote them all under one roof.
The short answer is that we will offer whatever is legal under the regulations when it comes to for-wager. Remember, no poker software product has been licensed in Nevada yet. It is a very precarious position we are in as we try to develop our strategy and define a path for something travel inn hotel ny that has a propensity to change. The landscape over the last year has changed quite a bit with regulations being formalized and various potential poker partners establishing whether or not they were interested in pursuing licensing here in Nevada.
With all of that to frame our strategy, we committed to a having a free-play environment up and running before the year is out. This allows us to begin operations as we wait for partners to complete travel inn hotel ny the regulatory requirements to get to for-wager gaming. We will offer free-to-play poker as well as other free-to-play travel inn hotel ny casino games. For-wager will come on board as poker first, as that is the only game type we understand to be legal.
That is the why it was a pretty easy decision for us to partner with Bally Technologies. Their platform will integrate easily with the poker partner we choose. We can pick whoever is licensed. When we started this process over a year and a half ago, we knew that we didn't want to tie our trailer travel inn hotel ny to a particular poker company, whether domestic or international, because of the risk we would be exposed to in the event that poker partner did not receive a license.
Are you looking to venture into multi-table tournaments which require a certain level of liquidity to be successful, or are you planning on focusing more on single table tournaments and cash games? Also, will you offer games other than hold'em like PLO or stud?
I think it's going to be interesting. A lot of the data that the market has is not based on US numbers so what we've got to do is offer everything and then peel the onion back over time. But what we would like to do is offer games in line with a lot of what you see today in free-play environments including a lot of sit-and-goes and MTTs.
We understand that liquidity is going to be an issue; especially in Nevada where you have fewer than three million people in the entire state, and they are probably not all going to pick the same site to play on. We see the issues travel inn hotel ny and we will address them as we go. We will build our liquidity through alliances with other sites on the same network.
I think they are all necessary parts of the strategy, but for us it makes a lot of sense to start basic. We won't be doing any in-room play or hand held devices just yet. If you come to one of our properties in Las Vegas (or anyone elses for that matter), we would hope that you would want to come down to the casino floor and enjoy the live experience.
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