Sunday, June 10, 2007

State-Journal.com

State-Journal.com:
"Because of declining attendance at bingo games, more Franklin County charities are hosting Texas Hold'em poker fundraisers.
Dave Cobb is organizing a Texas Hold'em fundraiser for the American Legion Post 7 this weekend. The Legion will use the money to purchase care packages for soldiers overseas and to support veterans and their families.
'Bingos have normally been a large source of revenue, but they are not doing as well as they have been,' Cobb told The State Journal. 'Texas Hold'em is a hot item, they are playing it all over the place, and I thought we should give it a shot ourselves.'
The poker tournament will be 9 p.m. Saturday at the Legion post on Versailles Road. A $75 buy-in gives players $2,000 in chips and they can purchase additional chips for $30 per rebuy. The first place prize is $5,000, but will be adjusted if less than 150 players attend.
Cobb said a number of factors have contributed to a decline in bingo profits, including high gas prices and the smoking ban which went into effect last year. With high gas prices, people have less money to spend on entertainment, Cobb said. Many players have also left because they can't smoke any more during games, he said."
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