From the board room to the card room, women executives reign

 

Historically, poker has been labeled as primarily a “man’s game”. Well, things are changing! Just recently, Ema Zajmovic became the first-ever female champion of an open WPT Main Event.

Over the past six years, Philly Casino Parties has produced more “all women” poker nights, tournament fundraisers and poker social events.  Most women participants in these functions are executives from area companies, who find these special evenings a great way to network and discuss common issues affecting women in the work place.

Philly Casino Parties usually starts the evening with a free poker lesson to help the novice get started or for honing the skills of the more experienced player. From there, the evening converts to friendly play or tournament competition for a local charity.

The event is usually hosted/sponsored by a company or organization looking to network with other like minded groups.  Venues have ranged from the corporate office and board room to area hotels and restaurants with private facilities.  While playing with cash or cash prizes is prohibited by law, participants pay a fee for participating in the evening.  All proceeds are then donated to an area charity or non-profit organization.

Besides the value of networking with fellow women executives, poker offers valuable lessons in running a business. In a recent article in Fortune Magazine, the founder of Dress for Success and Crisis Text Line and former CEO of Do Something, Nancy Lubin stated “she learned many of her most valued business lessons playing poker. There’s something about learning to value your own hand, learning how to play your position at the table,” Lublin told moderator Jennifer Reingold, Fortune editor-at-large. Even more critical for women: “Learn how to fold, say goodbye to that hand, and move on. We hold on to stuff.”

According to Steven Weisz, founder of Philly Casino Parties, “Women-only networking events have been commonplace at least since 1997, we have simply added a new twist. The best of our women only poker events are competitive, unencumbered by agenda, and have the right mix of people, often leading to lasting business relationships.”

To learn more about hosting your own “women only” poke event, visit www.phillycasinoparties.com or call 484-469-0288.

A different and effective way to hone business skills

Philly Casino Parties has been offering poker instructional sessions and tournaments to small to mid sizes businesses for over twenty-five years to develop business skill sets for both employers and employees. Easily implemented as a mid-day company break, it requires minimal set up, time or expense but offers significant returns.

According to an article on Bloomberg’s Businessweek, poker pro Deepak Thandani stated that “people who are successful in poker have a lot in common with people who are successful in business.”  The fact of the matter is that from negotiations and risk assessment to strategic decision making, the game of poker has very practical applications for business, sales, company management and entrepreneurship.

Here are just a few of the practical skill sets that are learned during Philly Casino Parties poker tournaments and instructional sessions:

Calculating Risk
In poker and business, one is constantly calculating risk – measuring potential gains and losses. It involves assessment, math and instinct to calculate when the odds are predominantly in your favor. It is the ultimate challenge in decision making skills to come out ahead.

Reading People
Steven Weisz, owner of Philly Casino Parties, is a psychologist with advanced degrees from the University of Pennsylvania.  “When you learn to play poker, you learn how to read and interpret a person’s body language. This skill is key for sales, customer interaction and organizational development. Unlike verbal interactions, reading body language can be far more revealing and honest.”

Producing Under Pressure
Everything about a poker tournament teaches you endurance and how to deal with pressure.  It is about focus, going the distance, and “sticktoitness” while under pressure. It is about dealing with short-term losses, while striving for long-term gains.

Planning & Strategy
Poker and business are both about planning ahead and developing strategy.  It is not only about developing these tools but implementing them.  Strategies developed must work consistently while still having enough flexibility to adapt to new situations and variables one may encounter.  It is also about evaluating your strategy and being able to evolve to be successful.

Sell…Sell…Sell
Good Poker players make the best sellers. They quickly evaluate their hand, what the other players at the table want and what they are prepared to hear. Business requires the same skill sets. It is about learning how to negotiate with others who have the same goals of coming out ahead.

Managing Your Money
Poker is about knowing your limits. In other words, it is about setting and defining goals before you begin to play the game. How much money is available and how long can you make it last. How do you invest your money to make more money? Can you risk short-term losses to achieve long-term gains? How well are you at defining risks?

Learning from Loss
Every poker player has lost a hand or a game at some point. The business world and sales is constantly dealing with loss and rejection. Every entrepreneur knows that loss is one of the best teachers and motivators for future success. Being able to stay calm and focused is key. What one learns is to avoid panic and to plan your next course of action. It builds confidence as you learn from your mistakes. Great poker players and business persons learn not to repeat the same mistakes!

Growth
Poker is about continually learning new skill sets. It is not about gambling and any true poker player will tell you it is not a game of chance. Poker, as with any business, is about developing tools and knowing how and when to best use them. It is about developing and deploying strategies. It is learning and observing new trends, understanding your competition, assessing your next move, making sound investment decisions, and learning when it’s time to walk away. It is a life long skill set that leads to continued growth and success.

Philly Casino Parties
Instructional Poker Play & Tournaments for Business
$350 per table with dealer for 4 hours.
Each table accommodates 9 players plus the dealer.
Available in greater Philadelphia region, New Jersey and Delaware
More information, contact Steven Weisz – phillycasinoparties@gmail.com
or visit their website at http://www.phillycasinoparties.com

 

Does Lowest Price Mean Best Deal?

buffet

Given uncertain economic times, even as we are now recovering, we tend to make most decisions based on cost.  The internet has made price comparison easier than ever before. So given that all else is relatively equal, assessing cost can be a great way to save money.

However, assessing that all things really are equal can be a bit tricky when deciding on a company to create your casino party. Be careful that when you select based on price you don’t end up being disappointed about the service you receive and the quality of the product that you are buying. The lowest price party company may not offer the best value.

So how do you know whether or not you are getting the most for your money when you contract to have a casino themed party? The best way is to ask lots and lots of questions and review the company’s testimonials and references.

How long have they been in business? Do they have a local office? What is the quality and maintenance of their equipment?

Most of all, ask about dealer experience. Are they using professional dealers? How are dealers selected? Are they willing to teach guests how to play? Are they just dealers or also entertainment professionals? The dealers make all the difference!

Does the casino company provide an onsite coordinator to insure that everything runs smoothly? What is their experience? And how do they interface with your staff as well as that of the venue you have selected to host your event?  Do they get back to you right away when the need arises?

Lastly, be sure all the costs are stated upfront – set up, travel fees, dealer tips, equipment, etc. Be sure there are no hidden costs that will make your lower priced quote suddenly exceed your budget.

At Philly Casino Parties, there are never any hidden costs or fees. Our prices have remained the same for the past twenty years, offering a quality, all inclusive service for a reasonable price.  View our packages online or create your own with our online price calculator.  Need help? just give us a call at 484-469-0288.

 

Fundraising – Ways to make money with a Poker Tournament

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Have you considered holding a poker fundraiser? Poker fundraisers are becoming increasingly popular and are a fun way to raise money for many causes. Depending on how creative you get, this type of fundraiser can earn your group more funds than you might think.

Did you know that there are more than 60 million poker players in the United States, and more than 100 million worldwide? Poker tournaments have gone mainstream- they’re on television, and have a huge following. Charity poker is even bigger than traditional charity golf, billiards or tennis events.

There’s a good amount of logistics that goes into proper planning and running of a charity poker tournament. Generally speaking, the more effort you put into the event beforehand, the smoother it will run and the better the experience for all involved. Of course our coordinators are there to help you every step of the way!

Legalities
Running a charity poker event may or may not be legal in your jurisdiction. If you intend to hold your event in a public venue, you are strongly encouraged and advised to check with the appropriate local authorities that doing so is legal before proceeding with your plans. Each of the states in which we operate – PA, NJ & DE, have state regulations and laws which must be fully complied with. We have provided a brief guide as well as links to the state web sites for your reference. We understand that this can be confusing at times and we are more than happy to offer assistance in both understanding these regulations as well as ensuring that your event is in compliance. Most critical is allowing sufficient time, prior to your event, to file all paper work and get the necessary approvals. Click Here for a general overview for your state.

Admission & Registration

Admission is the first thing to consider when making money from a poker fundraiser. You can either make it an invitation-only event or open it up to the public to maximize attendance and donations.  However, it does pay to make pre-registration a must.

After all players are seated, but before tournament play begins, it’s an optimal time for you (or a representative of the non-profit organization) to speak briefly about the night’s charity beneficiary and the work they do.

Business Sponsorships

Company sponsorships allow you to tap into the resources that are right in your community. Businesses can pay a certain amount of money to sponsor a poker table, buy advertising in a printed newsletter, on a website, or a banner.

Each business could have a small trinket (key chain, mugs, etc.) or other branded item, that dealers can hand out to the players. This way businesses get some quality advertising and your fundraiser has more money coming in. If a business decides to sponsor a table, make sure that their donation covers the cost of that table and the dealer working it.

You may have to be aggressive in your pursuit of business sponsorship if you want to secure highly profitable ones, but a few of the right sponsorships can make your event an even bigger success that you had thought possible.

Getting Started

Here is a sample running of a poker tournament based on Texas hold ’em for one hundred guests. It can of course be configured in a variety of ways and for any number of guests, large or small.

At the start of the tournament, each player would receive $2000 in chips as a participant.

Blinds (forced bets) begin at $25 for the small blind and $50 for the big blind.

Blinds go up every 20 minutes and double with each new round (ie: $50 for the small blind, $100 for the big blind)

During first three rounds, the following re-buys apply:

  • If a player’s chips go below $2000 (but not down to zero), he/she may buy an additional $1000 in chips, at a cost of $20 cash.
  • If a player’s chips go down to zero, he/she may buy in for an additional $1000 or $2000 in chips, at a cost of $20 cash per $1000.

****AFTER THREE ROUNDS, THERE IS A 20 MINUTE BREAK****

During the break, there will be an opportunity for add-ons.  Every player will have a chance to add-on to their current chip totals, by purchasing additional chips in increments of $1000, up to a maximum of $5000 at a cost of $20 cash per $1000 in chips.

When the fourth round begins, there will be no additional re-buys or add-ons allowed.

When a player reaches zero chips anytime during or after the fourth round, they are out of the tournament.

As players are eliminated, the tables will be condensed at the sole discretion of the Pit Boss, until a final table of nine is left.

At this point in time, there will be a ten minute break before the final table begins.

These nine players will each get a share of the prizes, depending on their rank during elimination from the final table.

Learn More About This Great Fundraising Opportunity!
Our team can help you create a poker event that meets your financial, public relations and entertainment goals.

Is it time to bring back face to face social networking?

Interpersonal

We now spend more time socializing online than in person! Most of us also tend to prefer communication via text or the Internet over talking face to face or on the phone. But doing primarily e-networking can cost you your business, not to mention your social skills and ability to interact in person with colleagues and clients.

While being able to find your way around social media is now a much needed skill, it is just unwise to forget about the necessity of building strong, face-to-face relationships. Relationship building is still key to the survival of any business.

Steven Weisz, founder of Philly Casino Parties, has been using the “gaming experience” as a way to re-ignite social skills among employees as well as strengthen relationships with vendors and clients for a number of major corporations. With several university degrees in psychology and education, Weisz sees this interactive entertainment as a way for individuals to “hone their social skills”. He goes on to add, “The casino party provides an ice-breaker, giving even strangers an opportunity to begin a conversation and develop more meaningful interactions”.

Weisz, along with casino manager, Barry Necowitz, hand pick their professional dealers not only for their skill at the game, but also their ability to get everyone at the gaming tables interacting and having fun. Before long, everyone knows each other on a first name basis and have renewed old bonds or started new ones.

Among the creative business uses for this style of event have been team building tournament play. Departments within a company compete for prizes, having to help each other and pool their resources in order to win.

Weisz, also introduced an evening where the CEO and VPs of companies became the dealers at each table, assisted by the Philly Casino Party, professional staff. This provided an opportunity for employees to be able to meet, speak and get to know management on a more personal level and in a relaxed environment. Ultimately this lead to more meaningful conversations in the workplace as well.

In another instance, a corporate distributor of software had each of its vendors sponsor and staff a gaming table. Vendors were then able to introduce their products and employees got to know their representatives beyond just a voice on the phone. As a result of this new relationship building, sales were up for both the company and the vendors.

With the recent trend of companies looking to interact more within their communities as well as to give back to area non-profits, Weisz has met the demand of offering fund-raising casino parties and poker tournaments. Companies and their employees can now have a fun evening, while raising significant revenue for non-profits the company supports. In addition, to their operations in Pennsylvania, Philly Casino Parties is also one of the few vendors fully licensed for fund raising in New Jersey as well as Delaware.

Weisz views his casino party offerings as a great way to get back to in person social networking while strengthening business skills necessary in “the real world”. More about his services may be found at http://www.phillycasinoparties.com