Jerome Stocks 1:30 p.m., Dec. 19
La Jolla blackjack king kicks in for Jerry Brown
Associate of controversial ex-coastal panel member Pat Kruer diving into poker casino operation near Sacramento, records show
Democratic Governor Jerry Brown has picked up a $5,000 contribution for his re-election campaign next year from a big poker wheel from La Jolla, according to a state financial disclosure report.
Ryan Stone, whose occupation is listed on Brown's July 5 disclosure as "Real Estate / Gaming, Monarch Group / King's Casino," made the contribution on June 30.
Monarch is involved with the card room business in Citrus Heights, a city of 89,000 residents about 15 miles northeast of Sacramento. According to a May 23 approval recommendation from city planners to the Citrus Heights city council, the firm "proposes to relocate the City’s two existing cardrooms to this new location where both cardrooms would operate independently but within one building.
"The cardrooms would offer card games legal in California such as Blackjack and a variety of poker games. There will be no slot machines within the facility."
King's revenue will be derived in poker games from the “rake” or collection fee taken from each pot for each hand. Unlike “Las Vegas” casinos, California Cardrooms are not permitted to act as the “house” and “bank” non-poker games.
As such, King’s revenue will not be subject to swings in wins and losses. Rather, players and/or the bank pay a fee for each hand to the cardroom.
The Lucky Derby and Phoenix have been in business for over 20 years. Currently, the Lucky Derby operates 13 tables (with a maximum of 15) and the Phoenix operates 10 (with a maximum of 15).
Both existing cardrooms are open 24x7, are 21-over (age) and have small restaurant and bar facilities. In total the number of employees and third-party providers on site will be in the 275-300 person range, with approximately 75-100 employees on site depending on non-peak and peak hours.
The project aims to serve all markets broadly with its restaurant, bar and grill atmosphere and plans to offer hand-selected live entertainment in an intimate setting, from music to comedy, aiming to appeal to all ages and family demographics in the market area with the restaurant portion of the project.
Besides Stone, other principals in La Jolla's Monarch Group, according to its
Other Kruers listed as working at Monarch are Sarah Kruer Jager, Principal, Investment & Development, and George “Tim” Kruer, Senior Partner and Director of Construction.
We've left a message for Stone seeking further details.
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