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Brick and Mortar Casinos Change Tune

Times have certainly changed.  As the economy struggles to recover from it worst since the Great Depression, brick and mortar casinos are getting a harsh reminder that we are living in the 21st Century.  While brick and mortar online casinos are struggling to make ends meet, online casinos are seeing growth and enormous profits.  The overhead for maintaining brick and mortar casinos dwarf the relatively modest costs of maintaining the virtual world of online casinos. 

Online casinos are starting to sense that long established brick and mortar casinos may be changing there perspective on Internet gambling and online casinos.  Up until this point the two gambling formats were seen as direct competition.  Past policy for brick and mortar casino companies was to stand in opposition of any legislation that might regulate online casinos.  The need to pull themselves out of the red may be changing the hearts and minds of land based casino operators.

“Land casinos are unable to come up with the credit needed to continue their excessive building sprees, and budget-conscious customers are no longer traveling to fill their hotel rooms,” said Sherman Bradley, senior gaming analyst for Online Casino Advisory.

“Using their brand power at online gambling sites is a potential way for them to bring financial health back to their companies.” 

Now that President-Elect Barack Obama is preparing to take office, further encouraging the Democratic majority in Congress to review bills for the regulation and legalization of online casinos, lobbying companies for big companies like MGM Mirage, Las Vegas Sands, and Harrah’s Entertainment may be fighting for



 

 

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