World Series Of Poker No Longer Allowing $100 Bills To Be In Play In Cash GamesCaesars Follows In Footsteps Of Other NV Casino Operators |
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Unlike in years past, the upcoming World Series of Poker will not allow $100 bills to be in play at cash game tables, the WSOP said on Friday in a notice posted to Twitter.
“We believe this decision best aligns our guest experience to stay up to date with evolving industry standards and ensure our operations can deliver great experiences consistently,” the notice, via tournament director Jack Effel, said.
“It is important to note that this new poker cash game policy has no impact on any poker tournament we offer, as those have always been run exclusively with non-value tournament poker chips,” the notice added.
Players will exchange cash at the cage or via a chip runner during the Series, WSOP spokesman Seth Palansky told Card Player. You will not be able to buy chips directly from dealers.
“A lot of Caesars properties around the country/world already were cashless in their poker rooms, either by local/state regulatory standards or their own policies/procedures. In light of the rest of Las Vegas moving in this direction, we took a closer look at the issue and decided to be consistent company-wide and move in the direction we did,” Palansky said.
Other casino operators in Las Vegas that recently stopped allowing cash to play in their poker rooms include MGM Resorts, Station Casinos, Wynn Resorts and Las Vegas Sands. MGM seems to have started the domino effect this year by changing its policy effective April 1.
The 2015 WSOP begins later this month and runs until mid-July.
Nevada’s poker market is still contracting, as poker rooms statewide collected $9.7 million in March, down 6.55 percent year-over-year. Since 2007, there has only been one year in which Nevada poker revenue increased. In 2013, statewide poker revenue inched up 0.56 percent to $123.89 million compared to 2012’s $123.25 million. Poker revenue in 2014 fell back down to $119.4 million. Nevada online poker hasn’t yet made a big impact.
The number of poker tables in Nevada spikes significantly during the WSOP, so this year’s performance will depend a lot on revenue during the upcoming summer months.
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