running a card room [how to - seeking info]

rdm4k

rdm4k

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Hiya fellas,
How are you? Hope you're well, it's been a while I haven't been around here :-(
Poker is having a very little time atm in my life.
Btw I'm seeking info about the legislation of running a live card room based n London, Uk that offers mainly poker games (plus some more skillfulish card/board games).

I'm having hard time seeking this type of info on google. All I find is either too generic or not enough accurate.

My aim is to get a general picture of the legislation and the investment costs of setting up a dedicated card room (not a pub/club/...).
All seems to emerge from my hunt goes for businesses already active from casinos to pubs ect BUT setting up a NEw Card room.
This website http://www.gamblingcommission.gov.uk/Gambling-sectors/Gambling-sectors.aspx "should be" the one containing guidelines for gambling activities (apparently not for poker -wth!!!!- suggesting to seek legal advice!! -wth!!!again-
In UK pubs n clubs can offer poker games under strict regulation that applies limitation to the stakes. Still That's not relevant because I don't run a club.
The purpose of my research is to try shaping a business plan in order to get finalcial support to found the venue and the licening (but still...which license??????)

Any hint, idea, suggestion about how to or just about where to look for it VEry WELCOME.
THANK YOU VERY MUCH!!
 
detroitjunkie

detroitjunkie

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well as far as the start up costs - non-licensing and what not, just the cost of supplies - can be found online. See how much it will cost for your tables, chips, and cards - remember you need all good quality. Then you need to hire dealers as well, good ones, plus a floor person or two. Find out what the standard is for paying them for a year. Then figure out how much rent will be where ever you think you will run it for a year. You will also need computers, phones, and any other business device. Advertising also comes into play, how will you promote it - figure on some costs here too. Add this all up and it gives you an operating cost for a year. This is half the battle.

How many tables are you going to run? What games? How much rake on cash games and tournaments? Do you have a player base already (very important)? All of this will help you when an investor asks how much are you going to make.

As far as licensing and laws and such, thats best for a local lawyer, which you will most likely want to get also, so figure on paying a lawyer for a year in your operations cost.

Good luck. If you need any help in the actual managing of the room when its open hit me up and I can give you some advice.
 
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