Profits without the pots
Specialty businesses see potential in serving WSOP, players
The World Series of Poker winners won’t be the only ones leaving Rio next week with riches.
A handful of specialty businesses — from makers of poker cards and felt to massage therapists, dietitians, portable toilet providers and cryptocurrency dealers — will also be cashing in. Rio will also generate revenue as the host.
The WSOP, which runs from May 30 until July 22, attracts about 50,000 “unique” poker players to Rio over that time span, including nearly 8,000 during the peak period from July 8 through July 11,
WSOP
down the chain on creditors that would get paid in the event of a bankruptcy, which seems increasingly likely by the day,” Abuelsamid said. “They might get a few cents on the dollar back, but most likely if Faraday went belly up, they would be out of luck.”
‘Just in case’
Larger companies that are working with Faraday will likely hang in for as long as possible “just in case” Faraday can pull through, he said, as is the case for the account executive.
“I don’t think things are going to work out for them. But based on the size of the business that we have been doing with them, at this point we do need to kind of drag out the last one or two months to try to figure out what’s going on,” he said. “If we just leave it all now, we definitely aren’t going to recoup costs and we aren’t going to have an opportunity to do future business.”
Smaller suppliers will likely have to cut their losses, Abuelsamid said.
Faraday Future is seeking $1 billion in financing to move the company forward.
A spokesman for Faraday Future declined to comment.
A spokesan for AECOM, the general contractor that was slated to build the manufacturing plant at Apex, said, “We look forward to additional opportunities to work with them again.”
Contact Nicole Raz at nraz@ reviewjournal.com or 702-380-4512. Follow @Journalistnikki on Twitter.