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Posts Tagged ‘seniors’

Demographics for Casinos are Varied

Tuesday, November 9th, 2010

There was a time when gambling was considered to be an underground activity that only high rollers and criminals participated in. It was an exclusive pastime that only a few selected groups could afford. Those days are long gone now. If you look at who is wagering today you are going to see that the demographics are varies. No longer is it one age group that is wagering. Now you can find young gamblers in their twenties and older gamblers who are retired. Just watch a casino floor and you are going to see how wide the demographics are. Sure some groups tend to lean towards certain games, but this still is great news for casinos. This means that they have multiple markets to advertise to. For example, older gamblers who are retired traditionally are on limited incomes. For this reason they wager for time, and not necessarily for the big payout. They want to stay at a casino and wager for four hours and aren’t really concerned about winning big. This means that they normally head to the slots parlor. This is where wager requirements are anywhere from one penny to $10. It offers gambling fun to a wide variety of gamers and most likely is one of the best ways for people to enjoy. On the other hand, younger gamers tend to be more aggressive and that is reflected in their gaming choices. They want the big “Million Dollar Win Here!” signs all over a casino. They want the huge cash prizes and the cars and the trips. They are more willing to take advantage of bigger wager-requiring games and games that are more risky.

This is one of the reasons why a gaming company is elated when both groups come in. They can make considerable money from the slots parlor as older gamers feed the machines and they can make considerable money from their table games as younger gamers wager there. It’s a win-win for the casino! This is why casinos try so hard to build promotions to attract both groups. They want to fill their floors and so far, they are doing a great job at doing it!

Seniors’ Friendly Gambling Games in Idaho Shut Down

Thursday, April 29th, 2010

Part of the controversy of online gambling is the potential rise in crime. Many legislators are worried that the increase of online gambling will bring problems for the communities that they are ill equipped to manage. One issue occurred recently involving elderly citizens participating in gatherings at the Twin Falls Senior Center in the state of Idaho. It all began with an innocuous poker game played by citizens in their retirement years. Mostly it was another social gathering in which the gamers were able to socialize and have some fun. Unfortunately, they were quickly thwarted in their activities by local police.

The senior citizens came to the Twin Falls Senior Center with $20 to enter the game. It has happened for months now and was a welcomed change in the normal ritual. The growing popularity of the game may have been what eventually brought about its demise. The reality is that gambling in the state of Idaho is illegal and that includes small games held at senior centers. Fortunately the seniors were given the opportunity to change their ways by heeding the warning given to them by the local police department. Many weren’t happy about the change though.

The seniors participating saw the games as a dual advantage. First, they were able to get out of their homes and socialize. The activity is exciting and allowed them a change from their normal routine. Secondly, it also allowed them to reap the benefits of wagering and winning. The $20 buy-in created a good pot and the lucky winners walked away with a great payout of additional money for the week. Many tried to argue with local police stating that the game was merely a “friendly” one, but the law is the law. Idaho statues hold that gambling is defined as any money-generating risk that involves crediting anything of value to players. Though the seniors had been participating in the games for over five years, an anonymous tip was their eventual downfall. It will be sorely missed by the participants, but the law dictates that they need to cease and desist with their games until Idaho law changes.

Vulnerable Groups May Be Threatened with Gambling Legalization

Wednesday, November 18th, 2009

Many critics of online gambling legalization and regulation are noting that the number of addicts will skyrocket if it happens. They believe that the availability of online gambling if it is made legal will surely propel society into a crisis of what to do with a huge number of gambling addicts. The resources needed to handle the issue would not be readily available based on current Gamblers Anonymous centers throughout the country.

One country that is setting a standard for gambling as it moves to mainstream acceptance is Singapore. The country has the Singapore National Council on Problem Gambling to head the cause by pushing for strong advertising and promotion of the potential problem. In 2006, a survey showed that of the Singapore residents, only 32% understood the problem gambling issue. That number increased to 71% by 2008. With numbers like this, the government immediately was made aware of the necessity to educate residents on the issue. The NCPG created a campaign titled, “Know the Line.” It centered on people who fall into the high-risk category of gamblers. The awareness is needed now more than ever. The casino options are growing in Singapore, with major US-based casino developers working on new casino projects.

The country of Singapore is just one example of how governments are moving to bring awareness to the community as gambling takes on the legalization and regulation that governments want. Critics are citing the problems legalizing gambling could potentially bring to the market and the need for educational resources if it is eventually legalized. Although many people are aware of the growing number of casinos and gambling facilities being made available to them, they are also still unknowing of how it truly will effect them and their families when legalization goes through. It is hoped that various organizations like Gamblers Anonymous and other non-profit organizations will have the resources needed to handle the growing number of addicts in the country. Unless the US is braced to handle the most vulnerable citizens, like the elderly, and underage gamblers, legalizing gambling online and in land-based casinos could mean disaster for a huge number of citizens and leave them with no viable place to find help.