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Posts Tagged ‘Harrah’s’

Harrah’s Chester Casino and Racetrack Looks for Slots

Friday, November 12th, 2010

It has been a long time since race tracks have been doing the numbers they did pre-recession. It is no secret that gambling is a huge business but when the recession first began, race track owners and operators were struck down by a difficult blow. They had few ways of combating the down market and their revenue streams diminished quickly. A lot of race track owners have been debating what their options are. Some cut back on their racing schedules considerably. The problem with this issue is that it also cut down on their revenues. Other race track owners had to file for bankruptcy and exit the market altogether. Overall it has been a trial for race track owners to find ways of managing throughout the recession. They have now come to the point where they have to think of creative ways of reinvigorating themselves.

The main way that people are considering changing the racing market is via slots. For example, Harrah’s Chester Casino and Racetrack in the Philadelphia area is another location looking at how slot machine gambling is bringing change. The casino reported a twelve percent increase in revenue this past month and of that, a good portion can be attributed to the changes in slots gambling. The increase of gaming is something that companies all over are striving for. It is taking a lot more time to turn things around than anticipated. So what are companies going to continue to do? They are going to push for more slots and more rules that allow slots gaming to take over. Harrah’s Chester Casino operators know that this is the one thing that can considerably turn their casino’s numbers and around. The numbers are proving that things are changing. Slots gaming is lucrative for every market and they are creating more specials around the games. That is bringing in more wagerers for various races and making it more fun for them to stay at race tracks. Overall this is one of the best plans for changing things around and in the future expect to see more casinos using slots as a way to build up their own markets.

Harrah’s Comes to the Rescue of PA Gaming

Monday, November 1st, 2010

A lot of companies are struggling in today’s gaming market. Just look at the headlines regarding casinos. Left and right throughout the US casinos are shutting down, laying off workers or just having a hard time making ends meet. Though some companies are having problems, there still remain some companies that are doing well. Harrah’s is one of them. First of all the company had a victory of sorts recently. It experienced a growth in the market where growth streams just aren’t all that common. In New Orleans the company experienced a good month last month. This was the first of hopefully a turnaround for the market, or at least for this one gambling company. The company also made moves to expand. Recently the company came to the rescue of the Foxwoods Casino facility in Philadelphia. If anyone has been following that casino then they know that it has been stifled in the PA market. Though it has been up for development for a while now, the project stopped moving a few weeks ago, much to the dismay of the state’s legislators.

Because of the stall, the project could be shelved according to state laws though. This is why Harrah’s could be instrumental in the production of the project. Local investors who have been pushing it for development, are losing the battle and they could potentially lose their license if they don’t do something. The Pennsylvania Gaming Control Board is going to push for change coming up and that could mean the license could change hands. Most likely though the company won’t lose its license, but the issue will be postponed for future negotiations. There is still a group that wants to shut down the project altogether too, but most likely they won’t get a chance to make their moves until a later date also. If Harrah’s has its own way, they will be able to start production and push the project farther before any of these further negotiations happen. Only time will tell what happens with the project, but hopefully for the same of the Pennsylvania gambling market, it isn’t put on hold for very much longer and Harrah’s is able to turn things around.

Harrah’s Setting Up for US Gambling Legalization

Thursday, October 14th, 2010

The world of online gambling is changing. So far it is relatively new, but the market is consistently shaping itself. If you want to know what is going to happen, then watch the big players. For example, Harrah’s Entertainment is one of the biggest companies in the market. They have been around for a long time and have branded various casinos with success. All you have to do is browse through their catalog of casinos and you are going to find out how successful the company has been over the years. There are a few companies that have names synonymous with gambling and Harrah’s Entertainment is one of them.

One of the signs that online gambling is going to inevitably be legalized is the fact that Harrah’s Entertainment is setting itself up to move into the market. You can tell by their recent actions that they know what is going to happen with online gambling. The company’s officials are in tune with the market and are watching closely. Their goal is to set themselves up the right way so that when the US legalizes online gambling, they can easily make the transition with already set-up companies. The rules for online gambling aren’t yet written, but most likely once the UIGEA is overturned it will come packaged with not only a new generation of the bill, but also with new code to govern the market. In fact, this is part of the problem with online gambling’s legalization. People don’t yet know what rules need to be in place to safeguard the gaming public. They are still toying with what rules are necessary to make that gamers are protected, while states and counties receive the billions in tax revenue dollars that gambling affords. It is not just a matter of revenue, but there is a heavy element of regulation that has to be done strategically. Harrah’s Entertainment is a company that is closely watching the market and knows full well that we are closer to legalizing online gambling than ever. Officials are pushing the company to be ready to move in on online gambling the minute it is approved for the US market.

Harrah’s Uses Social Networking

Tuesday, August 31st, 2010

There are notable changes in the market since the rise of technology and the internet. Both have drastically changed how people communicate. In today’s world there is a huge surge in social networking- that includes websites like Twitter, MySpace, Facebook, LinkedIn and other websites. It used to be that chatting was used to meet new people, but now it is taking on an entirely different notoriety. Now, networking via social websites is a way for people to find jobs, find old friends, reconnect with old loves, advertise their businesses, advertise affiliate businesses and any other type of word-of-mouth online marketing. There are millions of users signing up for these websites and the numbers are not showing any signs of slowing down any time soon.

Harrah’s Entertainment is now moving in on the market. Harrah’s of course is the gambling and entertainment giant that has created one of the most notable and recognized brands in the market of entertainment today. The company just partnered up with Playdom.com, which is an online company that features online gambling. The two companies are working together to create a WSOP-themed and it is set to use the market of social networking as a means of advertising the move. It is interesting to watch the new face of marketing these days because in older times, the casino would have created a website for promotion, but that’s it. Now, marketers know that social networking can bring them a cost-effective way of marketing their own products and services. Coupling up with a social networking expert like Playdom.com can mean sure fire success for the company. Harrah’s of course is known worldwide as a elader in the market of gambling and this venture into online gambling is set to put it in a great position once online gambling is legalized in the US. The company is working to solidify its position so that it will easily transfer to online marketing in coming months. It’s operators are watching the legal climate of the US in the world in a hope to have a step up on competition in the market. Watch Harrah’s and its growth in the market as things change in the world of online gambling and the US.

Ohio Gambling and Harrah’s Team Up

Tuesday, August 24th, 2010

The Harrah Entertainment name is synonymous with gambling. Over the past seventy-plus years, Harrah’s has maintained a huge name in the market. It is a gaming company that has over fifty casinos worldwide, along with hotels, golf courses and other entertainment centers. It began back in 1937 as small bingo parlor but quickly went public after a lot of gambling success. William F. Harrah was the founder and he knew what he was doing in terms of bringing great gambling to the market. Ohio has not seen gambling within the state, but residents still know how big a name Harrah Entertainment is. Now that the name is being thrown around in the community because of a pending casino facility, patrons are excited. No one is pushing out the option of bringing premiere gambling to the state especially with a gambling expert like Harrah’s being the one to do it. State officials are looking to Harrah’s as a way of competing with neighboring Indiana’s casino outlets. Indiana, unlike Ohio, has had land based casinos and has long provided gambling to millions of area residents. Now, with Ohio making a pitch for gambling they need to worry about whether or not their casino can viably compete with a casino entity as established as Indiana’s.

Harrah’s is promising to being a few brands to the state of Ohio, including the Cincinnati and Cleveland casino locations. They want to optimize gambling within the areas and give Ohio an immediate advantage over neighboring casinos. Though it is a difficult task, in a lot of way s it is forcing other casinos to step up their own games. They have to be ready to compete with a leader in the gambling industry like Harrah’s and that is no small task. Most likely it is going to be a while before things regulate and it is clearly seen who is winning out on the gambling fight for customers in the area. Ohio is new, but that doesn’t mean it should be counted out just yet and with a strong partner like Harrah’s Entertainment on its side, it just may have a fighting chance to win.

The Online Market Continues to Develop- Part 2

Thursday, April 29th, 2010

The US issue of online gambling is not solely a concern of the states. The UK is also involved in the issue. Legislators there are concerned and watching closely how the US handles the issue. They wonder how any change in online gambling will affect them. One change is that if the US does approve online gambling that inevitably means that there will be more casinos entering the market. For example, Harrah’s announced recently that it is already creating an online bingo website for out-of-the-US players to participate in. The value here is that if it is successful and the US finally approves online gambling it won’t take much for the company to open its own doors to US-based gamblers.

The UK is the largest portal for online gambling sites right now. They have struggled a bit with debts as well as scams, and yet many residents of the UK are benefiting from the online casinos. One change that will be markedly clear if the USA opens their doors is that there will be more online casinos out there. Just last week Harrah’s announced a Bingo site for international players. They are clearly anticipating the law changes for the USA, and have moved to capture the international market. Harrah’s is not the only entity excited about the US opening its online gambling doors. The state of Nevada is excited about the prospect. They too are waiting for US law to change and ready to bring money into the state. The recession was particularly difficult on Nevada and the city of Las Vegas. If laws change legislators are hoping that the additional money will help turn the city around to what it used to be pre-recession. Since the recession, the state suffered greatly. In fact, recent studies have shown that the foreclosure rate is 60% within the state. It suffered one of the biggest hits in terms if industry and that was mostly due to the fact that gambling is its main industry. Once people began losing their jobs, they quickly stopped gambling and have yet to begin again.

Good things are expected to come in 2010 and beyond. With the US on the brink of legalizing and regulating online gambling, it is surely a time for all operators to watch the developments. The US will provide a completely new market for companies to share. This means millions of more dollars may be channeled into the industry of online gambling.

The Online Market Continues to Develop- Part 1

Thursday, April 29th, 2010

The US is in the midst of making critical changes in gambling law. Since the UIGEA, Unlawful Internet Gambling Enforcement Act, of 2006 the topic of online gambling has been a focus of legislators. Prior to the recession states were struggling with their deficits and so was the federal government. Once the recession happened, it ravished the budgets and made them even more difficult to manage. Governments everywhere were left with few options to overcome huge deficits. The only thing they could do to manage was to cut funding on important programs like education, expansion and public works programs. It was hard to function with the huge cutbacks needed, but like other small businesses, the governments involved needed to make serious cuts to maneuver through the recession.

Now that the recession is over, many states are looking to legalizing and regulating online gambling. In the US movements towards legalization is on hold until legislators are trying to come up with adequate laws. The UIGEA is the closest the US has come to bringing a viable law to the market and it has proven to be a failure over the past four years. It was meant to stop internet gambling but all it really did was stop people from gambling online with US-based companies. That meant that they were channeling millions of dollars out of the US and into offshore casinos. There was a time when that wasn’t that big an issue. The states throughout the country always struggled financially with deficits. Then something changed—the recession. Once the recession happened it strained an already struggling budget across the country. Now that it is over, states are left with ravished finances. This is why legislators all over are revisiting the issue of online gambling. They are hoping to create legislation that would allow them to bring in millions in tax-revenue dollars. There are few other options when it comes to bringing in millions and gambling, if regulated properly, can be a viable option to shoring up state and federal coffers. It benefits almost every state to look in to bills and laws that would open the door for online gambling and its use to bring in additional revenue.

Part two coming next.

Harrah’s Positioning Itself for Online Gaming

Wednesday, April 28th, 2010

If you have been a fan of gambling for any length of time then no doubt you have heard of Harrah’s. It’s one of the most highly recognized brands in the industry. The company itself is housed in Canada but has been a staple in the city of Las Vegas for years. The company is a leader in the land-based casino world and has spent years developing a great business model. One thing that has allowed this company to stay is that it has continued to grow with the market. For example, now that online gambling in the US is taking on a different level of deliberation, Harrah’s is positioning itself to be ready for the move to online gambling legalization. It was last month that the company announced that along with GameSys Group,it would be offering online gaming and online bingo at the Caesar’s Bingo website. You will also be able to play slots, blackjack and roulette at the website.

Harrah’s has proven its expertise and knowledge about the gambling industry via its successful ventures in the US like Caesars Palace. The company has built a huge market share of the field and will continue as the market expands. Now that online gambling in the US is almost a reality, gambling will continue to grow. Harrah’s is working with its own commission board in the state of Nevada to build up gambling rules from the ground up. The company knows that to fully take advantage of the online gambling market, it has to work hard now to build a strong foundation. They know that with a thorough understanding of the market, they can more effortlessly into the world of online gambling. Currently, the state is one of the first in line for licensing once online casino operations are possible in the US. Like most other companies, Harrah’s is just waiting for the US laws to be adopted that will regulate and legalize online gambling. Harrah’s has to wait for the rules to change but in the mean time the company is not just waiting. Caesar’s Bingo is the latest company to be introduced by Harrah’s. It is being auditioned in the UK though to see how well it does. If all goes well, it will then be brought to the states once the regulations allow.

Land in Macau is Changing Gambling

Thursday, March 18th, 2010

Four of Nevada’s top casino companies — Las Vegas Sands Corp., Wynn Resorts Ltd., MGM Mirage and Harrah’s Entertainment — could be hurt by a move made Tuesday by Macau’s top leader. Land that was once set aside for casino development is being considered for other purposes due to the struggling casino industry. Several analysts and gaming company insiders wrote off the comments as political posturing. But others thought Chui, who replaced Edmund Ho as Macau’s top government official in December, was looking to slow casino development, telling Las Vegas-based gaming operators they need to submit plans for the sites, predominately on Macau’s Cotai Strip region, or lose the locations.

“The whole process will be made very transparent, but the land has to be taken back and some of it will be used for social housing,” Chui said. Each of the Las Vegas companies may feel the impact differently. “Other than those casino developments already approved, any further applications for casinos will be tightly controlled,” Pinge said in a research note. “We believe that the underlying message is no further casinos will be built on Macau in the foreseeable future.”

Gaming analyst David Bain said casino company shareholders are concerned “the new chief executive may be utilizing some specific language about needing to diversify or cap the growth in Macau.” Macau casinos, while up for the year, do not show the same size gains seen in past years. In 2009, Macau casinos collected $15.5 billion in gaming revenues, a 14 percent increase over 2008. However, 2008 had a 31 percent increase in gaming revenues following revenue growth of 47 percent in 2007 and 23 percent in 2006. Only one of the original four casinos is still scheduled to open in Macau this year, Wynn’s $650 million Encore project. Chui said Macau would allow new casinos as long as construction plans had been approved. “Apart from those we have agreed in principle in the past, in construction and those already approved, we will regulate (the building of new casinos) in the future,” Chui said . “We can’t think of a better place to build it, all things considered, namely the work force and government policy,” Wynn said. “We are constrained by the political process itself of getting the entitlements and the details done through planning and public works in Macau. We’re full tilt at that and our own planning process.”

Harrah’s Brings Premiere Gaming Again

Monday, March 1st, 2010

Anyone looking for gambling excellence knows the name “Harrah’s.”  Over the years the brand has managed to build itself up into a gambling giant. One location that is gaining a lot of notoriety due to its excellent offerings is Harrah’s Laughlin Casino and Hotel located in Laughlin, Nevada. For anyone wanting to gamble, but still watch their budgets, this is a perfect location to visit. Since the recession gambling numbers are down considerably. Now that the recession is officially “over”, people are just now stepping back into the world of recreational spending. Harrah’s Laughlin Casino and Hotel is the perfect option.

The casino is a full-service resort location with 24-hour a day gambling. It’s location in Nevada provides a perfect locale for outside activities and an exciting location for nightlife too. This Harrah’s is known in the industry as “A Mexican Fiesta on the Colorado River” for good reason. It offers the perfect nightime weather, beautiful scenery and of course some of the best gambling in the US. The facility has a Mexican hacienda theme and boasts bright and festive colors reminiscent of the finest Mexican dining location. It is situated on a 50-acre site that is perfect for outdoor activities such as boating, biking, wave running, volleyball and sunning. There is also a private beach, watercraft and boat cruises, and adult or family-friendly swimming pools for additional fun.

The casino also has a 300-seat Fiesta Showroom that brings in entertainment of all kinds for lucky patrons. It includes comedians, musicians and magic shows for everyone’s entertaining needs. The 3,000 seat Rio Vista Outdoor Amphitheater is the perfect spot for enjoying live entertainment well into the night.

Of course, there is also the casino area. It’s housed on a 50,000 square foot area and offers over 900 slots, video poker and keno machines. There is also a WSOP room, a race and sports book, backjack, craps, roulette and a unique non-smoking casino area. Overall this is one of the best places to enjoy gambling in the nation. If you are looking for outstanding gaming and a place to enjoy all that a top-notch casino has to offer, test out the Harrah’s Laughlin Casino and Hotel location.