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Posts Tagged ‘competition’

Land Based and Online Casinos Face Off

Tuesday, December 14th, 2010

There is a huge battle brewing in the world of online and land based gambling and it is all over the limited market involved. For a long time land based gaming was the only type of gambling available. Gamers who wanted to wager, had to travel to their nearest local casino for games. Or, they had to plan a vacation to visit a gambling center like Atlantic City or Las Vegas for their gaming needs. Land based casinos built their businesses on these visitors and tourism and over the years grew fat and happy with them. Then something happened—the rise of the internet and internet activities. Soon developers moved in on the market and translated land based games to the online market. They realized quickly that people wanted to wager online and were not afraid of taking their chances. The market became highly lucrative for gaming companies and they continued to expand. They offered even better games and better bonuses. In a lot of ways online gambling was able to offer bonuses that land based casinos had not even thought of and were not in the position to replicate. Land based casinos deal with hefty overheads. They know that their expenses are far more than online casinos are. This allowed online casinos the ability to offer those huge bonuses beyond what land based casinos could do.

Now land based casinos are truly taking task with online casinos. It is Parnes casino that is facing off against Casino848.com. Parnes’ operators claim that the online casino has been violating the EU laws regarding community with their promotions and other activities. They are concerned with the fact that Casino848.com is pushing its own gambling in the country of Greece and the area Balkans. This will surely infringe on what Parnes has until now considered their sole market. Because of this Parnes is pushing for legal action to be made against the virtual casino and hoping that new rules are instilled to make it more limited in what it can do within the market. Only time will tell what the EU’s decision on the issue is and whether or not they will offer Parnes the protection of market it desires. It could be a monumental case though and open the door for future complaints from land based gaming when it comes to online gambling casinos.

Foxwoods Resort and Mohegan Sun Duke it Out

Wednesday, December 1st, 2010

Connecticut better be ready for competition. In the area there are now neighboring casinos that are making a run for the title of top gambling arena. So far it is Foxwoods Resort Casino that is making the big showing right now. They are facing off with the Mohegan Sun and fighting for customer allegiance. Both casino areas have been coming together to compare their revenues per month. This past month it was Foxwoods Resort Casino that won the higher revenue and this was for the second time in the past two months. Foxwoods brought in $57 million and that was a 4.5% increase since the same time last year. On the other hand, the Mohegan Sun’s revenue went down by 4%. The market of gambling is highly competitive and part of the competition can be attributed to expansion. Due to gambling overall being so lucrative, gaming companies are looking to test their own luck at wagering by building new casinos. Of course there is a lot of paperwork to get a new casino up and running, but in the end with a monthly return of multi-million dollars it is worth the hassle. Gaming companies know this and are willing to take on the rigors of building a new gaming facility.

Connecticut for a long time was in the lead in the area regarding gambling. The Mohegan Sun has long been a premiere gambling location for wagerers and visitors from far and wide have come in to test out the gaming. Now that there are so many options though, it is difficult for any one casino to hold onto the title of best casino in a specific area for very long. Plus gaming developers are moving quickly to introduce new games and software to the market to streamline gambling. Casinos are happy to find new innovations and bring them into the gaming floor. They know that small changes in the market are causing people to shift their gambling. There is no longer such a thing as “allegiance” when it comes to gambling. The best a casino can hope for is to bring in the best games possible and create some great promotions and then hope for success.

Atlantic City Facing Stiff Competition

Tuesday, November 30th, 2010

New Jersey has suffered a huge blow with the decline in popularity of Atlantic City. Though it once was a gambling center that rivaled Las Vegas, now it is diminishing in revenue quickly. It seems that since the recession, the area has been on the decline and nothing is changing that. Despite casinos operators promotions and advertising efforts, people are not returning to Atlantic City for their wagering needs. Part of the problem is the growing problem of neighboring competition. It is no secret that neighboring states have their own gambling plans in development. They are building state of the art land based gaming centers that are cutting down on the need to travel to Atlantic City for gambling. There was a time when Atlantic City was the only land based gaming center in the northeastern portion of the country. That is no longer the case. There are plenty of land based casinos now in neighboring states that have had the opportunity to build themselves up on the latest in technology. They have new games that are on the cusp of what technological advances are in the market. People are opting for these casinos rather than going to Atlantic City.

Add to the problems of Atlantic City the issue of online gambling. More and more gamers are choosing first to go online to wager. They know that if they wager online they have access to the same benefits and specials as they would in a land based casino. The difference though is that they can wager from the comfort of their own homes. They know that they can win just as much but cut out the travel time, the inconvenience of waiting in lines, finding parking spaces, etc. This is no longer a concern for today’s gambler. They can log into their laptop or desktop and find the same games, but a bigger selection, than they would at a land based casino. These are the two main problems that Atlantic City has to deal with and the city operators are at a standstill in what to do. So far they are meeting together to try to spur business, but things aren’t looking good.

Is the Market Overcrowded?

Monday, November 15th, 2010

One of the things that a lot of industry insiders are concerned with is overcrowding of the gambling market. There are a lot of businesses that are looking to slots gaming as a way to revive their markets. They know how lucrative the games are and want to bring them in as an added bonus for customers. Bars and pubs all over the country are making petitions for bringing in the games because they know that if they give people something else to do, they are going to stay and keep drinking. More drinks means more revenue for the bars. This is a great tool that a lot of businesses use. For example, some bars already use games as a means of bringing in customers. They have dart boards and pool tables, along with juke boxes and video games. Bringing in gambling is just another way to extend people’s visits and hope that they continue drinking well into the night—every night. It is a tactic that thousands of bars have employed for decades.

With the rise in slots gambling though this is a making some experts concerned with where the market is going. They believe that now that bars want to use slots gaming, they will oversaturated the market and take business away from actual land based casinos. Add to that the online gaming factor and this could mean even more thinning out of the gambling pool that once was more centered on land based gambling. Now people have so many different options for wagering, it is bringing the numbers down for individual businesses. There is no clear cut answer to what to do with the issue. All gaming companies can do is to continue to push the best games they have to offer to the market and hope that the gambling public continues to be discerning. It no longer is a new market so people pretty much know what they want in the world of gambling. If casino companies continue to bring in games and promotions that benefit the gaming public, they can hopefully assure that they are going to maintain their own market share and survive.

Macau Proving to be a Gambling Force Like No Other

Wednesday, October 13th, 2010

It is no secret that all parts of the world are moving in on gambling. Gambling is a $3 billion business and that number is expected to more than double in the coming years. In the end gambling is the biggest market right now and most legislators are pushing for gambling to be legalized and regulated in their jurisdictions. The US is pushing hard for gambling regulations because they know of past offences. With the UIGEA of 2006 the US lost billions of gambling dollars. Residents of the US did not stop gambling as the US had hoped. Instead they moved to offshore gambling companies and channeled millions out of the country as a result. Unfortunately this is money that the US will never recover. Not that states aren’t rallying and doing their best to turn things around. They are all hoping that their new gambling initiatives prove to be as lucrative as hoped. Since the recession, gambling has become the most viable option for turning things around financially. With huge deficits and budgetary shortfalls it is hard to find options for overcoming them. Gambling seems to be the most realistic. The US has a problem though: Macau.

Macau is a gambling Mecca and that is not an exaggeration. The country is one of those countries that has taken the world by storm. In fact, recently they saw an increase in gambling revenue that was 40%…and that was for just one month. This is a startling amount of revenue and translates as $1.9 billion! Macau is quickly taking over as the gambling center of the world and places like Atlantic City and Las Vegas no longer have a shot at reclaiming the title. Both locations have suffered greatly since the recession and are still having problems rallying. Macau on the other hand is indicative of how much gambling has taken off in the Asian countries and taking full advantage of the money they are privy to now. Casinos are being built that outshine anything that Las Vegas or Atlantic City have put together. The small island is a leader in the market and showing no signs of slowing down as gambling changes. Expect Macau to take on an even bigger role in growth over the next few years.

Online and Land-based Casinos Face Off

Thursday, August 26th, 2010

It’s no secret that the US is well positioned at the head of legalizing gambling and being a forerunner in terms of legislation that works well with bringing gambling to the market effectively and safely. More and more states are joining in on the debates and their legislators see how lucrative the games are. With price tags up in the billions, states are at a difficult pass for denying the potency of online gambling. Plus deficits are high and budgets are nowhere near being balanced—and that alone is helping legislators make the decision to do all they can to find laws that allow for gambling to be a big part of their money generating activities throughout the fiscal year. If you look at legalization, most likely it will be up and running by the end of the year. It already has taken a good hold with land-based gaming, but now the online market is entering the world. Just like other online businesses, the online market can reach customers that land-based casinos cannot. The online world has no borders and can advertise anywhere and bring in any number of new players. This has always been a huge advantage the market has had over land-based gaming. A land-based casino is limited by the number of locals who frequent it and the amount of promotions it has going to bring in tourists.

Over the years the flexibility of the online casino has won out a lot of times over the land based casino. Though land based casinos are trying to keep up, they are having problems due to the overwhelming competition they are receiving from online gambling entities. Who can beat playing online? All you need is an internet connection and a laptop or desktop to game. You can do it from anywhere- home, deck, internet café, library, etc. You won’t have to schedule travel time, babysitters or any other planning it takes to go to a land based casino. Only time will tell where the market is going but all signs are pointing to the online world taking over the gambling of the future.

Gambling World Creates Stiff Competition

Tuesday, August 24th, 2010

The world of gambling is highly competitive. Consider that there are millions of people around the world who gamble. Every casino operator, whether land-based or online, knows that their overall revenue stream is dependent on getting those millions of gamblers into their casino floor. That is why they are creating specials and promotions that are outdoing each other. Casinos know that without some spectacular draws, gamers will continue to look elsewhere for gaming needs. In particular the fight is rising up against land-based casinos versus virtual ones. Land based casinos for a long time have been standards in the market throughout the world, but now they are getting their biggest competition from online casinos.

A land based casino has a lot to worry about. Think of all the expenses they deal with on a monthly basis—workers, dealers, utilities, maintenance, insurance, parking, land-costs, etc. The expenses are seemingly endless and can add up to a lot of problems if enough gamblers aren’t coming into the doors. They have to work to bring the best VIP programs, tournaments and gaming floors to the market or customers will move to other casinos. Most avid gamblers have two casinos they frequent studies have show, and that means that there is always an alternative if a gamer isn’t satisfied. Now, the new competition for gambling companies is online companies. The draw of an online casino is that you don’t have to go anywhere to play. As long as you have an internet connection and a computer, you can gamble. You can log in to whatever casino you want and there is no waiting, no parking, no commute and no pesky people to deal with. Its convenience is difficult for land-based casinos to compete with. Plus, the money virtual casinos save can be turned back into special deals for gamers to benefit from. That is why virtual casinos can have huge payouts for various games almost every week. Their overhead includes programmers, developers and webmasters. The price is much lower and much more manageable. It is interesting to see virtual and land based casinos go at it and expect more and more competition between the two in the future.

Ohio Ready to go Head to Head with Indiana

Thursday, August 19th, 2010

For years now Indiana has had premiere casinos for area residents to enjoy. The state is known for its outstanding casinos and has had quite a few years to hone those casinos. Any neighboring state looking to take on Indiana as a competitor is going to have to bring premiere gaming to their own location. Now, Ohio is the state challenging Indiana for the number one casinos in the Midwestern area. Ohio of course is on the brink of opening all four of its premiere locations for gambling. Columbus, Toledo, Cincinnati and Cleveland are the four locations that Harrah’s Entertainment is being tasked with bringing casinos to. The approval is already there and the casinos are up. Now Harrah’s has to evolve the casinos into truly lucrative money-making businesses for the state.

Of course Harrah’s Entertainment is a huge name in the world of gambling. It has casinos all over the world and has managed to keep its own name as a brand well known for excellence in gaming, resorts and entertainment centers. A lot of the company’s strategy revolves around using the Caesar’s brand as a recognizable name for excellence. It also tends to attract high-rollers so that is the name that the company is affiliating with the new projects throughout Ohio. State legislators are hoping for a huge push with their gambling industry and hoping that they can take on Indiana as a competitor. Remember that Indiana has been offering gambling for years so Ohio may have to do some fast catch up to get on the same level. On the other hand, with a strong development partner like Harrah’s, Ohio may be able to catch up relatively quickly in the market. It may not take as much since the casinos are not being updated like Indiana casinos. Rather, they are being built as premiere locations for gambling from the ground up by one of the leading gambling companies in the world. Though it may take some time, the casinos in Indiana are most likely going to suffer some losses from Ohio entering the market so strong with four top-notch casinos under its belt within a matter of months.

Seven New Games Enter the Market from Casino Club

Thursday, February 18th, 2010

The great thing about online gaming is that it’s highly competitive. That means that anyone who loves online gaming has a great shot at finding some awesome specials and games in the online arena. Development and marketing in virtual casinos has been widespread and thanks to technology it will continue to grow as the market evolves. Developers and programmers are working hard to continuously bring new games and new bonuses to the market. They have to to remain relevant. Especially with the doors of gambling opening due to legalization, companies have to be more aware of competition.

One of the ways the market is evolving is by online casinos making extra efforts to put out a great product and create a great gaming experience for their customers. Casino Club is one of those casinos that is pushing the envelope in terms of development and gaming. The website recently added seven new Instant Games to its already large collection. Starting February 11th the popular slot game Lucky’s Diner, Roman Empire, and Maya Gold are now available as Instant Games –with no software download required. That’s great news for players who don’t want to always down a hefty program to their computers. Even for well known websites there is still a danger of downloading. That’s why websites that offer both the download and no-download options are gaining more popularity in the market. Though the no-download versions tend to be more limited in graphics, sound and overall gaming, they still are advanced enough to offer great gaming.

Lucky’s Diner transports players back to the 1950s. Roman Empire makes ancient Rome come alive. Maya Gold sends players on an exciting treasure hunt in Latin America. New additions to the Instant Games also include: Bonus Poker, Showdown Poker, 100 Reel Bonus Slot Track Day, and Triple Chance Hi Lo.  Casino Club, one of the best websites for online gaming, offers a wide variety of casino games in an authentic club atmosphere. They take their cues from the real Las Vegas casinos where lights and visual appeal draw in a wider variety of customers. For great online gaming akin to the real thing, check out Casino Club for yourself. You won’t be disappointed at all you find at the website—gaming, customer service, funding, promotions and bonuses.

Las Vegas Hard Rock Hotel Hosting Trash Talk Championship of the World

Thursday, February 4th, 2010

The Hard Rock Hotel & Casino is hosting the first annual Trash Talk Championship of the World.  This special and highly unique event will benefit the Sharon Osbourne Colon Cancer Program at Cedars-Sinai Medical Center, and will give poker players a chance to put their money where their mouth is. The $1,000 +$70 no-limit Hold’em tournament will take place at the Hard Rock Hotel‘s Poker Lounge on Saturday, February 6th, 2010. Half of the prize pool will go to philanthropic causes. The other half will be distributed to winners. In addition to the cash prize, the Trash Talk Champion will win a 20-pound custom designed crystal trophy, and a World Poker Tour Celebrity Invitational seat in Los Angeles, sponsored by Commerce Casino and ClubWPT.com. 

The Sharon Osbourne Colon Cancer Program at Cedars-Sinai Medical Center was created by Sharon Osbourne after her own battle with colon cancer. Inspired by the superlative care she received, Mrs. Osbourne joined forces with Cedars-Sinai’s renowned surgeon Dr. Edward Phillips to harness key resources needed to help other colon cancer sufferers in the community.  The Sharon Osbourne Colon Cancer Program works to improve the lives of patients and their loved ones by providing at-home help, childcare, transportation, access to support groups and patient care services offered within Cedars-Sinai Medical Center. The program also under writes colon cancer education for healthcare providers.

Several celebrities and professional poker players are expected to be in attendance, including Playboy Playmate Sara Underwood, artist Michael Godard, photographer Michael Vincent, FBI “tells” specialist Joe Navarro, professional poker players Antonio “The Magician” Esfandiary, Lee Markholt, Dan “Blitz” Bilzerian, High Stakes Poker guest Andrew Robl,  Keith Gipson, “Who’s Your Daddy” CEO Dan Fleyshman, World Series of Poker Champion Paul Wasicka, professional backgammon and poker player Sander Lyloff, “The Maven VT” David Chicotsky, Brian Rast, Alec Torelli, and more. A red carpet walk and cocktail reception sponsored by VictoryPoker.net starts at 2:00 PM. The tournament starts at 3:00 PM. Event highlights will include a $100-$200 high-stakes Trash Talk cash game, a silent auction, and a Team Victory after party at 10:00 PM.