Instead of taking rake, which would be illegal in the state, the rooms operate as clubs and charge monthly membership and/or daily seat fees. Texas poker rooms, due to state laws, operate differently than most brick-and-mortar casinos. The new owner, Sanjeev Vora, who spoke with PokerNews via a phone conversation, has a plan in place to ensure funds are available to cover all chips whether they are in lockboxes or elsewhere. When Johnny Chan's 88 Social poker room closed temporarily in early December, a number of players still had chips to be cashed in for money. Three weeks after the club mysteriously closed its doors, a new owner has purchased the business and is rebranding the club as the 101 Poker Club. Johnny Chan's venture as a poker room part-owner in Texas was short-lived. Big Name Pros Getting in on the Texas Poker Craze.
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