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All Inn Prague Development Will Bring Economic Growth to the City

Luxury hotel-casino All Inn Prague will open soon in the Czech capital. Once completed, it is set to become the largest entertainment complex in the region.

The planned hotel will have 141 rooms with 14 suites and 2 presidential suites. On its site will also be a wellness center covering 1000 square meters. It will also have two high-end restaurants—one of them named Ala Carte which will serve guests around-the-clock.

The luxury development complex will also feature a sprawling 6000sqm first-class gaming entertainment compound inspired by casino resorts in Las Vegas. It plans to offer a variety of games including 1,000 slot machines, poker tables, and roulette.

Tournament launch

To promote the launch of the luxury complex, the AIP will be hosting a massive high roller tournament with 88 million Euros (2.3 billion CZK) in combined prize money. The staggering prize pool is in tribute to the 88th birthday of poker giant Haig Kelegian.

The news is that the buy-in will be €50,000 (1.29million CZK). Satellite tournaments have been set up, allowing anyone with as little as €8 to compete and vie for a place in what they’re calling now the “Billion Madness in Prague”. This reflects how popular the game is in the Czech Republic, and many players from the country will be looking to join in. Even those with little experience in poker will be able to get up to speed and compete due to the number of online resources dedicated to teaching the necessary skills. There is a wealth of tutorials on partypoker for beginner players looking to expand their knowledge on the game. The “satellite” qualification games will simultaneously happen across the world, in both famous casinos and online gaming partners, which will give newbies and veterans of the game an equal opportunity to join.

The video of the event is clearly drumming up interest but the project may not be opening its doors until October 2020. With the ambitious prize pool, they will need at least 1,760 players to buy-in.

Boosting Prague’s economy

The event is also set to boost tourism in Prague. Around 60% of revenues in the Czech Republic’s capital city currently come from hotels, restaurants, and travel agencies.

The ambitious tournament is also just one of the city’s programs, in partnership with local enterprises, to develop a competitive local gaming industry. In fact, Eurostat data suggests that the Czech Republic is one of the highest spenders in sports and recreation among the EU member states. The planned development of world-class entertainment hub AIP is also expected to provide more jobs and revenue for the local economy. Currently, the country holds the record with the lowest unemployment in Europe with a 2.3% unemployment rate.

More details are expected to come out from the All Inn Prague in the coming months, as big players in the gaming industry are getting ready to compete in Prague.

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