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Can anyone tell me about owning one of those FL "vegas arcades?"

I have been looking at these off and on for about a year. I am 2-3 years form realsitically being able to buy but they seem to show a decent profit. However, there almost always seem to be several for sale. I'd have to move to FL but see this as a way to eventually buy a small casino, which I would like to do.

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Btw, these are cash businesses, so forget any loan and do your homework by "haning out" there to get a feel for the kind of money they are making.

May 11, 2009
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I looked into it once. They are Vegas "style" and not true gaming facilities. They have games of chance, of course, but the payout is done in the form of gift cards for various retailers, not cash. Depending on the area most of your customers will be retirees looking to kill time. Some money vcan be made (especially if you own your machines) but it sounds like a pain in the ass. The lady I talked to said it was a money maker but had its drawbacks. her main thing was that she hated giving away free food and transportation for seniors just looking for a free meal.
I don't own one but i hope it helps.
Btw, she said they operated under the "Chuck E Cheese rule" Sounded like a loophole in the law but I am not sure.

May 11, 2009

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