openin a cardroom

Facecard99Facecard99
in Brags, Beats & Variance
how much would it need to open a card room in canada

say i want 10 tables room

how much would i need to get the liences for the room
like doing everything legally

and do you guys think it'll be profitable

Comments

  • ChugsChugs
    no legal way

    but damn profitable
  • micr0bemicr0be
    watch out, its illegal....buuuut I won't tell
  • Dave ScharfDave Scharf
    There *might* be a legal way, but it could no be privately owned by you. Rather, you would have to have partners (charity/exhibition/first nation) and even then it would be VERY difficult.
  • waderwader
    Dave
    Say I wanted to start a Poker Room, since there would be no slots etc. do you know if I would need the same licence as a casino or are there different types of licences for certain applications.....just curious?
  • Dave ScharfDave Scharf
    You need a gaming license. I don' think there are different ones per se. But, I can't imagine a private "for profit" operator being granted a license by a provincial regulator.
  • Dave ScharfDave Scharf
    I am hopeful that the October issue of CPP will contain an article about this from our legal beagle Tom Buglas.
  • alex_844alex_844
    I have no legal background or anything, but wouldn't it be possible to start up a charity casino/cardroom and then make money by paying yourself a salary?
  • Dave ScharfDave Scharf
    Charity casinos etc would still require a liscence. Therein lies the rub.
  • YodYod
    that would be so cool...just poker.great idea even if hard to pull off :)
  • Don CarlitoDon Carlito
    Dave Scharf wrote:
    There *might* be a legal way, but it could no be privately owned by you. Rather, you would have to have partners (charity/exhibition/first nation) and even then it would be VERY difficult.


    what about a private club that charges membership? no rake just a monthly or annual membership?
  • Dave ScharfDave Scharf
    No good. That would be a gaming house without a doubt.
  • Facecard99Facecard99
    u mean partner ... can it be .. .me and a couple of guys all chiped in to open a card room
    that way ... i don't own 100% of the card room ... and there will be 2 people or more people hold most of the share of the company
    say ... 40% each for the top to owner me and some toehr ... then the rest of the 20% will be share holders ... people that invest in the cardroom so they have like 5-10% of the cardroom

    would that work

    that way it's like openning up a store or a company with different share holder of the company
    is this allow ... because in the tv series The Casino ... Tom and Tim bought the golden nuggets and they have their closer friend to put in charge of things like marketing and stuff ... but tom and tim owns 50% each i think
  • waderwader
    Dave Scharf wrote:
    There *might* be a legal way, but it could no be privately owned by you. Rather, you would have to have partners (charity/exhibition/first nation) and even then it would be VERY difficult.

    The states have different regulations then we do.
  • Dave ScharfDave Scharf
    The problem is that in Canada, unless you are lisenced you are committing a crime. So, you must get a lisence. YOu and two friends will NOT get such a lisence I am afraid.
  • Facecard99Facecard99
    don't we just have to pay the yearly cost to obtain the liences?? or is there other things we need to go thru??
  • Dave ScharfDave Scharf
    It's not a "business license" it's a gaming license. I doubt you can get one.
  • MickeyHoldemMickeyHoldem
    If you're trying to make money for yourself... forget it!!

    If you're in it for the poker... you could try something like this...
    www.metropokerclub.com

    I'm not positive... but something like this would be ok in Canada... there is no profit involved.
  • AcesFullAcesFull
    I was talking to someone in Ottawa who is in the process of trying to open a private poker club, with yearly membership dues. He has hired a lawyer to work with him, and according to him, he does believe it's possible. Of course I didn't get every detail, and it's still in the beginning stages, but if you're serious about this sort of venture, you should definitely have some legal consultation.

    And 'Mickey' thanks for the web site. I just sent in my membership information.
  • ChugsChugs
    I actually think you may be able to succeed with one approach. It would invovle setting it up as a co-op. The main risk is one of control, since in theory you could lose control. You charge no rake but have members who buy-in to the coop itself. They obviously could be bring guests along, but again no rake could be derived.

    The problem is for a guy trying to make money, the model doesn't work well.
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