Doug Polk, Andrew Neeme, and Brad Owen buy a part of a poker room in Texas

[Dan Druff]

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https://twitter.com/DougPolkVids/status/1478073844644544514

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https://twitter.com/andrewneeme/status/1478078638465568768

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https://twitter.com/TheBradOwen/status/1478081942377533440

[Dan Druff]

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https://twitter.com/DougPolkVids/status/1478147108733521920

[Dan Druff]

sonatine, do you think they serve burgers there?

[Dan Druff]

The room is in Round Rock, Texas, which is about 20 miles north of Austin.

For those of you that don't know, Texas poker rooms aren't technically legal. They cannot collect a rake or time charge to play in the game. Instead, they exist in the form as "private social clubs", where you pay some kind of admission or membership fee, but it can't be tied to the poker itself.

The poker itself functions as the equivalent of home game poker (which is legal), where there is zero rake or time charge for playing. There have been attempts in Texas to both fully legalize poker and (separately) to shut down these type of rooms, but neither has gone anywhere.

[Texter]

Lodge charges a membership fee plus $10 per hour for cash games…

[MumblesBadly]

Lodge charges a membership fee plus $10 per hour for cash games…

What’s interesting about the cost structure of these Texas “social club” poker rooms is that it is not materially different from casino poker games that have a time charge in place of a pot rake. Seems like a nifty loophole to get around Texas’ anti-casino game laws.

[limitles]

The room is in Round Rock, Texas, which is about 20 miles north of Austin.

For those of you that don't know, Texas poker rooms aren't technically legal. They cannot collect a rake or time charge to play in the game. Instead, they exist in the form as "private social clubs", where you pay some kind of admission or membership fee, but it can't be tied to the poker itself.

The poker itself functions as the equivalent of home game poker (which is legal), where there is zero rake or time charge for playing. There have been attempts in Texas to both fully legalize poker and (separately) to shut down these type of rooms, but neither has gone anywhere.

Land of the free, lol oh f'n lol
Everything is bigger in Texas including the bullshit

North of Austin as in Wacko?

[Texter]

Round Rock is basically an Austin Suburb, home of Dell.

Wacko is 100 miles from Austin.

[hutmaster]

The room is in Round Rock, Texas, which is about 20 miles north of Austin.

For those of you that don't know, Texas poker rooms aren't technically legal. They cannot collect a rake or time charge to play in the game. Instead, they exist in the form as "private social clubs", where you pay some kind of admission or membership fee, but it can't be tied to the poker itself.

The poker itself functions as the equivalent of home game poker (which is legal), where there is zero rake or time charge for playing. There have been attempts in Texas to both fully legalize poker and (separately) to shut down these type of rooms, but neither has gone anywhere.

Land of the free, lol oh f'n lol
Everything is bigger in Texas including the bullshit

North of Austin as in Wacko?

Round Rock is actually a fairly nice community. Last year the Khalahari Resort opened there. It is the largest indoor water park in the US. It has restaurants, bars, spa, bowling alley, adult pool area, hotel, etc…. Real Estate has gone crazy the last 18 months. Lots of Californians moving there.