That does not have to be their destiny if they move fast enough. There is a concern that if they start dealing with online casino then fewer people would attend their brick and mortar venues. That would be the best thing that could happen to them. They would be able to make even more profit with a lot lower overhead. Slot machines are expensive, but software is cheap. Working online would mean having to higher fewer employees and not having to maintain as big a venue. They could still keep their casinos. Nobody wants them to disappear, but they venues would not have to be as big and expensive. Casinos are still a great place to have a few drinks, dinner, and enjoy live music. Casinos need to embrace the online industry.
Archive for November, 2011
Take It From a Poor Man
Wednesday, November 30th, 2011What’s the Hang Up?
Wednesday, November 30th, 2011What the brick and mortar casino industry does not seem to realize is that a lot of Americans do not trust a lot of these online casinos. What people trust in this country are brand names. If people where to see advertisement for Trump online casinos they would be more inclined to visit the site. Casinos may be concerned that the more people that visit online casinos means the less people that would visit their actual venue. But this is, again, a foolish thought. There are just a some things you cannot do at an online casinos. You may be able to watch a live webcast of your favorite band playing at a casino music venue, but it is not the same as seeing them live. Also, while playing slots online, it just is not the same as getting out and playing a few real slot machines.
The Passion Hasn’t Left
Wednesday, November 30th, 2011I wonder what will happen to slot machines and casinos when the popularity of slot machines finally tapers off. I say when because nothing lasts forever. There have been many pastimes in this country that seemed like they would stand forever. Try telling that to the governments that agreed to allow horse racing tracks to be built all over their cities. I have to wonder what will be the new popular form of gambling that will emerge that state operated casinos will beg for in order to subsidize their operations. If anyone knows that nothing is promised forever in the gambling industry, it has to be Atlantic City, which until recently had a dominant choke hold on the east coast gambling industry.
Simple and Innocent
Wednesday, November 30th, 2011Slot machines are currently the most popular form of gambling in the United States. But it is not certain to stay that way forever. Poker, one of America’s contributions to the international gambling scene, has faded in and out of popularity every other decade. Slot machines may eventually fall to the way side. This is a warning the gambling industry needs to take very seriously. Slot machines need to evolve in a manner that will keep the attention of a generation of people that walk around with electronics in their pockets. I do not think having a screen light up every few seconds will be enough to keep many young people coming back since they have been born with flashing screens in front of their faces.
The Fall of Casinos
Wednesday, November 30th, 2011My question is what will happen to the casino if that is ever to happen. Certainly, the concept of gambling is not in danger, but popular forms of gambling go in and out of popularity all of the time. That is exactly what happened to the horse racing industry. Slot machines still reign supreme in the casinos but even that role could be under fire. The young people growing up are no longer as drawn in by the bells and whistles of a slot machine. Young people today have be brought up on home video game consoles that become more realistic and more interactive everyday. The limited animation in a slot machine just is not enough to capture their imaginations the way it did the generation before them.
Where Have All The Young People Gone?
Wednesday, November 30th, 2011The same thing happens on the gaming floor of a casino. Unfortunately, when you see a stack of slot machines in a casino, it is not typically young people you see sitting in front of them. More often than not it will be a women who is either middle aged or above. The same is true of the people that you typically find buying a lottery ticket. This does not bode well for the gambling industry. Young people are still gambling, the question is where. Many young people gamble on sports, but these are usually private pools at a barber shop or a bar. It is not that people have become disinterested in gambling, but perhaps gambling at the casino has become a little dated. Although young people are still largely attracted to table games and card games at a casino.
The In Thing
Wednesday, November 30th, 2011This experience has left me asking where all of the young people have gone. Slot machines were at one point in time the most exciting thing in the world of gambling. At some point in time that generation that gave it such popularity turned into old people and I am not sure that the current generation is growing up with the same enthusiasm. People have gambled since the dawn of society so I do not think younger people are disinterested in gambling. I think the disinterest may be coming from where they gamble. It is likely that more and more young people would prefer to gamble online. However, many of them do not feel comfortable gambling online since the United States has not yet regulated the gambling industry. This would be a multibillion dollar industry that would create a lot of new jobs. I think the future of the industry depends on it.
The Influence of Horse Racing
Wednesday, November 30th, 2011However, as this industry disintegrates, there is a major push to keep the tracks open. The main solution that lands on the table is the legalization of slot machines. While slot machines are great for racetracks, it is not the most profitable location for slot machines. The problem is that if the horse racing industry were to sink it would not just be the horse racing industry that suffers. Professionals like veterinarians, hay farmers, and blacksmiths would take a major hit. Many of them have already suffered a great deal from the financial decline of the industry. If the industry were to collapse all around the nation the would be hundreds of thousands of jobs gone with it.
It All Adds Up
Wednesday, November 30th, 2011Going to a casino is not something I do regularly, but it is something that I find to be an interesting change of pace on occasion. However, I have never had the urge to purchase a lottery ticket. I just do not see the appeal. I supposed I could spend one dollar and maybe become a millionaire, but it still does not peak my interest. I have seen many elderly people on my block line up at deli counters buying their lottery scratch offs and playing their numbers. It seems like a complete and total waste of money to me. There is nothing wrong with doing something like this on occasion, but it should not be a regular use of you paycheck. Just like a slot machine wager, one dollar does not seem like a lot of money, but overtime it is a giant waste.
Moderation
Wednesday, November 30th, 2011That is not an offer that most people would turn down. The logic is that if I love something, I am certain to love two of them. That is part of the trap that people fall into with casinos. It is certainly a lot of fun to visit casinos and have a night of playing slot machines, but there is no reason you have to make a regular trip out of it. Let it be fun for that day and maybe visit again several months later.