Project OTCHBOTH
Oregon Card House Planning Initiative - Target: Late 2026
Working Names: OTCHBOTH | Stud Poker House | Alea Poker House
Core Team
Leadership
-
David Emmons
Majority Owner, Operator
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Bill Emmons
Potential Investor, Legal Counsel (Pro Bono)
-
Jonathan Emmons
Strategic Planning, Design Lead
-
Teddy
Potential Operations Manager
Resource Network
- Bobby Layne - Potential Investor
- Ritchie - Portland Market Expert
- Tim - TCH Westheimer Operations Expert
- Seth Davies - Potential Ambassador
Business Model
Core Revenue Streams
- Time Charge: $10/hour per seat
- Memberships: $5 daily, $25 monthly, $210 yearly
- Full Bar Operations
- Food Service Revenue
Key Priorities
- Strong security with zero tolerance for abuse
- Professional, personable dealer team
- Diverse game selection ($1/2 to high stakes)
- Premium amenities and service
Location Strategy
Primary Market: Eugene
- • Near university district
- • Current competition: High Mountain Poker Room
- • Target: 20 tables (largest in region)
- • Full service amenities
Future Markets
- • Portland expansion
- • Bend market opportunity
- • Potential out-of-state locations
Financial Overview
Initial Investment Needs
Target Liquidity: $650,000 USD
Covers startup costs, operations, and initial operating period
Key Expenses
- • Premium location lease
- • 20 professional tables & equipment
- • Security systems & personnel
- • Staff training & development
Financial Overview & Budget Planning
Oregon Card House - Target Opening 2026
Initial Capital Requirements
Total Required: $650,000
Minimum recommended starting capital for first 6 months of operation
One-Time Startup Costs
Property Setup: $175,000
- • Lease deposit: $25,000
- • Renovations: $100,000
- • Furniture: $30,000
- • Signage: $20,000
Gaming Equipment: $125,000
- • 20 Professional Tables ($3,500 each): $70,000
- • Chairs (200 @ $200): $40,000
- • Chip Sets: $10,000
- • Cards & Supplies: $5,000
Technology: $75,000
- • Security System & Cameras: $40,000
- • POS System: $15,000
- • Membership Management Software: $10,000
- • TVs and Audio: $10,000
Bar Setup: $50,000
- • Bar Equipment: $30,000
- • Initial Inventory: $15,000
- • Glassware & Supplies: $5,000
Monthly Operating Expenses
Staff Costs: $45,000/month
- • Dealers (20 @ $4,000): $80,000
- • Floor Staff (4 @ $3,500): $14,000
- • Bar Staff (6 @ $2,500): $15,000
- • Security (4 @ $3,000): $12,000
- • Management (2 @ $5,000): $10,000
Fixed Costs: $25,000/month
- • Rent: $15,000
- • Utilities: $5,000
- • Insurance: $3,000
- • Software Subscriptions: $2,000
Variable Costs: $15,000/month
- • Bar Inventory: $8,000
- • Maintenance: $3,000
- • Marketing: $2,000
- • Supplies: $2,000
Reserve Fund: $85,000
- • 3 months operating expenses
- • Emergency fund
- • Tournament prize pool backup
Licensing & Legal Requirements
Required Licenses
- • Oregon Gaming License: $25,000
- • Liquor License: $15,000
- • Business License: $5,000
- • Food Service Permit: $2,000
Legal & Professional
- • Legal Fees: $20,000
- • Accounting Setup: $5,000
- • Insurance Deposits: $10,000
- • Compliance Consulting: $8,000
Monthly Revenue Projections
Primary Revenue Streams
- • Time Charges (60% capacity): $86,400
- • Membership Fees: $15,000
- • Bar Revenue: $40,000
- • Tournament Fees: $20,000
Break-Even Analysis
- • Monthly Expenses: $85,000
- • Required Revenue: $120,000
- • Break-even Point: Month 4-6
- • ROI Timeline: 18-24 months