America's Casino-Saturation Problem

[BillyJoe]

[QUOTE=billyjoe] The other 'shoe to drop' is Internet Gaming. Already, Stations Casino in Nevada has pulled the plug on their Internet Gaming interests, as it is not feasible on a state-by-state platform.

At some point, we will have a NATIONAL Internet Gaming platform, allowing people in any state to select a gaming site to use, if they so choose.

I ask you - after playing on this 'free' site, would you trust it, should it become legal, as a 'pay' site for the same type of gaming? Think of the market penetration that this site would already have with it's established membership.   

When that occurs, brick and mortar gaming establishments will see additional competition, and only the strong will survive.

Maybe it's just me but I think gambling belongs in casinos not everyone's homes. Don't get me wrong because I love to play but I'm not sure I'd handle it well if it was that easy and convenient. [/QUOTE]
I agree, Ko. Personally - I would not touch it.

[alpax]

I'd wish they talk about the casino situation in the Western part of the US.

Online gambling is not worth it, will create too much competition since overhead/operational costs is no where near maintaining what are now billion dollar resorts.

[notes1]

Casinos made the decision back in the 90's and up to present day, to create these mega properities, which have mega overhead. They wanted every entertainment dollar available. In many cases it has been proven to be a big mistake to build such large casinos. That is their problem and i see no reason that as a gambler, who uses little of these extra services, that i should have to pay for it, via reduced payouts, to cover the overhead.If some other private business over builds and needs to raise prices to cover their bad decisions,consumers often choose to take their business elsewhere. That is the risk a business takes.  I have read some posts that lament the closing of some AC casinos. Why should casinos be any different than any other business. Screwup, pay the price. That is competition.

[olds442jetaway]

On line is not for me. It is a little too close to home already.

[FloridaPhil]

Good article.  Looks like the casino builders got into an arms race of sorts to see who could build the biggest fanciest facilities.  The States backed the developers because they wanted the tax revenue. Last summer I had the pleasure of visiting the Mohegan Sun.  Olds442 was a great host and spotted all the good machines for me.  My wife and I couldn't believe how huge the place was. You need a Toyota to get around! I can't believe they would ever make money with all that overhead.  Most gamblers don't care if they're in a strip mall or in a billion dollar resort; they just want to play the games.   I am totally against on-line gambling.  That's just making it too easy for people to get in trouble and it takes the fun out of it.  It's 80 miles from my house to the Hard Rock, so I make a whole day out of it.  If I could gamble real money from my PC, it would get old fast or I would be in bankruptcy.

[djc32]

Phil, If you thought the Mohegan Sun was big , you should see Foxwoods. You might need 2 tanks of gas for the Toyota to get around that place!

[Lucky Larry]

Just read the following article about the infighting over Adelson's lobbying to prevent internet gaming in Washington Post. Sorry if the link has already been posted.

http://www.washingtonpost.com/politics/ ... story.html

[BillyJoe]

Casinos made the decision back in the 90's and up to present day, to create these mega properities, which have mega overhead. They wanted every entertainment dollar available. In many cases it has been proven to be a big mistake to build such large casinos. That is their problem and i see no reason that as a gambler, who uses little of these extra services, that i should have to pay for it, via reduced payouts, to cover the overhead.If some other private business over builds and needs to raise prices to cover their bad decisions, consumers often choose to take their business elsewhere. That is the risk a business takes.
The mega-resort casinos followed the 'Disney model', which was to create a complex where you could vacation at their property and never leave, spending all your vacation dollars at that one property.

[OTABILL]

More on this topic. From the article, "Meanwhile, in a potential warning sign for the planned upstate casinos, including one in the Catskills, just two of the nine existing racetrack virtual casinos posted revenue gains in 2014."

Gambling sales down 2% in New York state

[notes1]

good article. you know what is next, lower paytables and payouts.