Casinos With Baccarat – Before noon Friday, about 200 players gathered at the tables at the Crystal Casino in Compton. They often pile up in pairs or threes and reach over each other to make bets. Most of them play what has become the big draw of local card rooms: no-move baccarat.
The same thing happened at Commerce Casino 15 miles away, where most of the 30 no-receipt baccarat tables were full hours later.
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But there is a big difference between the two clubs: Crystal has put its future on the line and others like it; The trade hopes that state regulators will shut down the games for good.
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“It’s stupid and wrong,” said Commerce Casino CEO Haig Papaian. “I thought the state would say that.”
He’s talking about no-pick card games, which are relatively new to LA card rooms. Until recently, clubs charged players a small fee – or levy – for playing each hand, regardless of their stake. However, as the name suggests, no pickup games do not charge players this fee, and can be distinguished from games offered by Native American tribes or Las Vegas casinos. Entry here has ignited an arms race between local ticket offices, straining the already tenuous relationship between ticket offices and the player base.
Tribal officials say these games are illegal and exploiting their exclusive rights to offer Vegas-style gaming in California. They are calling on the California Attorney General and the state Gaming Control Commission to end them. Regulations may come next year.
“It’s allowing us to do something that’s exclusive to us elsewhere,” Mike Crenshaw, vice president of casino operations for the Pala Band of Mission Indians’ Pala Casino in San Diego County, said of No Collection Games. “We understand the competition, but the general conditions have changed as a result.”
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Some casino operators, particularly Papaia, agree. He says these games bring much smaller profit margins, but also put L.A. arcades on the wrong side of gaming tribes – politically powerful groups he doesn’t want to provoke.
“There’s a right way and a wrong way to do business,” he said. “What the tribes got. If anyone tries to take that away, I’m against it.’
Unlike Vegas or tribal lands, California casinos cannot make money from actual gambling. They offer dealers and tables, but players bet against each other – as in the case of poker – or against an outside bank group that sits down and plays the dealer’s hand in blackjack, pai gow and baccarat games.
Card clubs make money by charging players and third-party bankers a small fee at the start of each hand. These collections represent the biggest difference between California card clubs and typical casinos.
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But for nearly two years, some casinos in Los Angeles County have found a way to combat that distinction: no-stakes gaming.
In a zero-debt game, players don’t pay, third-party banks do. Even though casinos don’t make as much money per hand, they’re betting that having someone else foot the bill for each hand – essentially lowering the cost of their table game – will attract more players, which in turn means more. the table, at the same time, involves making more banker collection payments. Get enough extra tables and casinos can make that much or even more revenue without going into debt.
For example, at a $10 minimum baccarat table at Commerce Casino, players paid $1 per hand, while the bank paid $2. With a full table (seven players and a banker) the income for the casino is $9 per hand. At a no-roll table, the players pay nothing, while the banker pays between $2 and $9 per hand, depending on the size of the stake at the table. Most of the time the banker pays $4.
This means that in order to generate the same income, the Merchant has to have twice as many baccarat tables as regular non-collecting ones.
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Whether you collect $4 or $9 per hand, these games make a lot of money in casinos. At a no-roll baccarat table, approximately 40 hands are played per hour. With $4 in hand, that’s $160 an hour in income. Casinos are open 24 hours a day, 365 days a year, so a single non-cash baccarat table can generate $1.4 million in annual revenue.
And there are many tables. On a recent Friday afternoon, there were 30 no-roll baccarat tables in operation, some filled with 10 or more players. John Griffo, the casino’s director of business development, said the gaming floor didn’t look like this before Commerce started offering no-pick baccarat a few months ago.
While playing blackjack and baccarat cost $1 per game in Commerce or Compton, many players in LA were willing to drive two or three hours to play the same games for free in Pala. Now that the games cost players the same — nothing — they’re staying closer to home, Crenshaw said.
“We had a very active business with people in LA and Orange County,” he said. “We had some incredible games of baccarat. Overall, this business is down more than 50 percent. It had a big impact on us.”
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But don’t confuse busy with earnings. Local casino games with no pickup attract more players, but generate smaller profit margins.
While card clubs can match their equity collection revenue by offering more tables for non-collection games, they will need to hire more dealers to handle these games. Third-party banks also have to hire more bankers and pay higher fees. While it’s profitable for the card clubs, it’s not what it used to be, said Keith Sharp, an attorney for Hawaiian Gardens Casino and Metis TPS, the third party that operates games at Commerce Casino.
“No-roll baccarat attracts hundreds more people to the gaming room every day,” Sharpe said. “Is there more to play? safe But it is a low margin business. I think it can be successful if you’re the only one in town doing it, but it becomes a race to the bottom.’
It was late 2012 and Compton’s Crystal Casino was struggling, said Haig Kelegian Sr., one of the casino’s owners and a veteran of the local casino business. (He also owns Commerce Casino and Bicycle Casino, and his son Haig Jr. runs Crystal.)
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As one of the smallest of Los Angeles County’s seven cardrooms, Crystal did not have the resources to host major tournaments or generate as much publicity as its larger competitors—especially Commerce, Hawaiian Gardens, and Bicycle, the state’s three largest cardrooms.
“We had no choice but to start collecting,” said Sr. Kelegian. “Every time we had another way of promoting business, the other clubs went too far. They would destroy us.”
Crystal started offering no-roll baccarat in an effort to attract more players. And Kelegian Jr. said it worked. for a moment
Early last year, just months after Crystal began offering debt-free baccarat, three more casinos followed suit: Inglewood’s Hollywood Park Casino and Normandie Casino and Hustler Casino, both in Gardena.
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That sparked the next step in the non-collection arms race: Crystal stopped charging player fees for all its games: Pai Gow, blackjack, three-card poker. Today, it bills itself as the only casino in LA without a pickup fee. Freeway casino ads ask, “Why pay to play?”
While there were no gaming pickups at the smaller casinos, the three largest casinos in the region continued to charge a pickup for all games. But that changed a few months ago.
The Mall, Bike and Hawaiian Gardens began offering no-pick baccarat games in September, saying they had lost market share to smaller clubs.
“Think of me as a 300-pound man,” said the Papaian Merchant. “I beat all those little guys. At a certain point I have to go back. We lost business. It’s enough.”
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All three were approved last year by Rep. Jimmy Gomez, D-Echo Park, which would have banned non-collector gambling in non-Indian casinos. Hustler also fit the bill, even though the company itself offered non-collectible games.
The bill never passed the state Senate. Now opponents of no-fee gaming are calling for the state Office of Gaming Control, part of the attorney general’s office, to take action on its own to end no-fee gaming.
The board released a series of draft proposals in October that would have imposed new restrictions on non-collectible games. It’s not clear that would make them illegal, but Kelegian Jr. said the proposals are a big step in that direction.
While the tribes and major card clubs are in favor of some kind of ban on gathering, smaller clubs, especially Crystal, plan to fight back. Kelegian Sr. said non-collectible games are the only reason Crystal stays in business.
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“If Crystal needs to make money, the big clubs will bury Crystal with promotions, prizes and jackpots,” he said. “They have higher incomes and can use their strengths
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