Posts Tagged ‘los angeles business journal’

Recession? Not So Much at L.A. Card Clubs

by , Feb 5, 2009 | 9:47 am

It seems that the United States economic depression recession has stayed out of the Los Angeles card clubs, at least that was the case in 2008.

The Los Angeles Business Journal reports that 2008 earnings were actually up 1.2% from the previous year. Those numbers come from a former executive of the California Gaming Association and include figures from the seven largest card clubs in the L.A. metro area, including Commerce Casino and the Bicycle Casino.

Speaking of Commerce, the L.A. Poker Classic is in full swing, and that ever-popular tournament has seen no sign of the depression recession either. The first event alone – $335 NLHE – drew a field of 1,592, which is a 401-player increase from the 2008 series. Maybe the U.S. government should host a $1000 NLHE event for the entire country, take a few hundred dollars in juice on each buy-in, and clear up that nasty zillion dollar debt.