If you have ever had the pleasure of playing a slot machine then you no doubt know how much fun they can be. With the internet being at our fingertips it is now possible to play an online slot machine for either cash winnings or just for fun.

First before you consider playing for money why not get used to playing the online slot machine just for fun. There are several ways that you can do this.

You can go to many of the free game sites as most of them have a least a few machines that you spend hours of enjoyment at. This way you get to familiarize yourself has to how the machines are played online. They are very much the same as what you would find at any on land casinos. game online casino malaysia The only thing missing is the crowds. The online slot machine has the same bells and whistles as the real ones.

Once you are comfortable playing the games on the free game sites its time to move onto one of the online casinos. Here you will be able to play for real cash winnings, after you have deposited of course. Before you do this though it would be a good idea to do some more practice. The casinos are a little different from the game sites.

At these casinos they will either allow you to enter a free mode, or give you bonus spins. In the free mode they will give you some free casino credits, which have no cash value. What this allows you to do is play the various games that are on the site. Once you have played a online slot machine that you favor the most you will be comfortable with it once you start to play for money.

The second option they may give you is the chance to play for free for one hour. They will give you a specific amount of bonus credits to use. If you lose them within the hour then the trial is over. If you end up winning in aztec gems slot the hour then you may be able to keep your winnings but with some very specific restrictions. You will need to read the rules and regulations very carefully regarding this. Each casino has its own set of rules in general.

Once you have become really comfortable with playing an online slot machine and feel that you would like to try at playing slot gacor for real money then you need to decide a few things. First you want to pick a Casino that you enjoy the most. Hopefully you have tried out at least two or three, and are now familiar with each of them.

Pick your favorite casino and you are most likely already registered with them, if you have been trying their free games. Some with ask you to register again to be able to enter the pay version of their site. Once you are fully registered you will be ready to make your first deposit. You should have several options available to you here as deposit methods. Choose the one you are going to use, and follow through the instructions on how to do so. You may want to start with a small deposit to start with just in case you find out that you don’t like the site. You can always move onto another one. One thing to remember though,, some of the casinos will offer sign up incentives. This means they may match your first deposit with bonus money of equal amount. If this is the case then you may want to make a more substantial deposit to take advantage of this promotion.

Playing a game is always a mode of enthusiasm for people all around the world. When it comes to mere entertainment clubbed with money making and thrill, online slots would be the best in its class. From pauper to prince, each person likes to make a lot of money as such while only some really think about brilliant ways to achieve it in reality.

With the growth in the fields of business and money making, there is a rising competition amongst people to make ample amount of money with several ways of implementing strategies and processes. At this juncture, companies have decided not to concentrate on a single stream of money making process and hence have been involved in alternative ways in which money can be easily made. One of the best in class methods is by using the online slots to make real money. This article throws some light on the ways in which one can make the best out of the online slots to make real money and also the loop holes which may make one fall into the trap of tricks and twists of the thrilling game.

As the exposure for internet has been proving its best, there is no age bar for playing online. Having this as an option, people have started to play online games not alone for fun but also with the intention of making money. In the spectrum of online casino games, online slots are found to fetch real money as such without much of a struggle from the people`s end. All it primarily needs is nothing but a clear mind with free flowing thoughts with which one can think and make the right shot to grab the money. Although it sounds easy to say, it is not as easy to play. One needs to have the experience of finding the changes and twists in the game as it is quite easy for the opponent to easily trick your innocence if you are a novice. Online slots can bring your real money if you have the right focus and dedication towards winning and also to make money as such.

When compared to the early days of slot machines and casino playing, the urge and the need for making money was relatively low when compared to the current era. People have started to look out of some or the other way which can help in a great way to make the best money online without any much struggle at any point of time. This not only fetches money but also helps to tackle the situation when the business is completely down. Moreover, since the game happens to be completely online, the game of online slots to make real money happens to be an easy-go for people who have the right level of patience coupled with matchless confidence and will power. sportsbook online malaysia One should also be in a mindset of accepting any change throughout the course of the game as the game itself is an unpredictable event of chance.

Are you aware the reasons to play online slots? If not, you are missing the boat. There are many reasons why you should get involved with these games. Those who are only playing at land based casinos could be leaving money on the table, while not having nearly as much fun as they could.

The number one reason to play online slots is that you do not have to leave your home to make this happen. You are able to sit back and relax while hoping for the best. As long as you have a computer with internet you will be in position to play morning, noon, or night.

What about the money? Is there any chance that I can win a lot of money by playing online slots? The short answer to this question is yes. You can win a lot. In many cases, you will find progressive machine with six figure jackpots. Does it get any bigger than that? Nagahoki303 These games are available at many online casinos.

Finally, some slots online are better than those at the casino. The reason for this is simple: they cost less, have better payouts, and are easier to understand. Do not necessarily believe that all land based casinos are better than those that you can find online – this is not the truth all of the time.

Now that you know some of the better reasons to play online slots you should dive in head first. Soon enough you will be competing online and loving every minute of it.

Every department in the casino has a role to play, and each is important for different reasons. Our guests would not stay with us long if we didn’t employ janitorial services and our restaurants would not sell much without the cooking staff. Likewise, the casino marketing department is vital to the success of the casino. Consider the breadth of responsibility held within the casino marketing mix: promotions, advertising, player evaluations, player clubs, host staff, comps, ratings and slot marketing – and this is just to name a few.

While it would be exaggeration to suggest that players would stop coming to the casino if these disappeared, we would miss out on exponentially increasing revenue opportunities should we choose to not take advantage of all that the casino marketing department can offer.

Promotions

Few events breed excitement in the lives of our casino guests as much as the promotions we offer in the casino. They keep the information on the refrigerator and mark the date on their calendar. They look forward to each event and breathe in the excitement the promotion promises to bring. Obviously, the primary purpose for such events is the revenue that is generated from the increase in play. However, it is also arguable that the heightened level of anticipation creates a loyalty within the guest that lends itself to repeated revenues in the future as well. The marketing department is critical in the evaluation and implementation of these promotions.

The marketing staff is first responsible for the evaluation of past promotions to determine what combination of events and offers will be most effective on which days of the week in order to ensure the utter-most profitability. Obviously, these rules will vary by location and casino and only a strategic analysis of past promotions, regardless of outcome, will provide the data needed to make informed and logical decisions. For example, an evaluation of your past slot tournaments may reveal that Tuesdays are more profitable than Thursdays. As a result, it could be a costly mistake to make any assumptions regarding the feasibility and profitability of these events. Instead, a thorough analysis conducted by the marketing department will ensure the optimal success of all future promotional campaigns.

After the profitability evaluation comes the preparation. In order for each event to be successful, the marketing department must wear a variety of hats to maximize the event. They are the masters of communication that ensure that all departments are working in synchronization in preparation for, and during, the event. Additionally, it is their organizational skills and attention to detail in the preparation that will ensure that guests are well received and enjoy the event to it fullest.

And let us not forget the event itself. This is when the host staff truly live up to their title, welcoming the guests into the event and ensuring that everyone is having a great time. online casino bangladesh This is your party and your patrons are exactly that, guests in your house.

Every year my wife tells me to make out a list so she can get me a good birthday present. This all started about 10 years ago when she was tired of buying me things I acted like I enjoyed, but she knew they weren’t the best. However, it’s much better to receive something that your loved ones put a little work into by simply listening to me throughout the year. In this case I wanted to talk about this Slot Machine Bank that I found on the Internet.

Listen, I understand it’s not the same thing as playing a slot machine to win someone else’s money, but I enjoy having all kinds of casino stuff around the house. This particular Slot Machine Bank has been one of the missing pieces to my downstairs masterpiece. I have everything from poker tables, poker chips, pictures, paintings, glasses and various other parts to my fun place downstairs.

When people want to play cards or anything else, I always get a phone call to see if they can hold it here. It’s something I crave as an older gentleman, which is why I always say yes. It makes me feel like the center of attention at least for one night. So when I was surfing the net awhile back I came across this Slot Machine Bank that started to make my wheels spin.

Basically we use it as our bank for deposits. I’ve got enough chips to get about 20 people playing at once, and enough tables for us all to be comfortable. Everything is set up on an “honor system” where people will deposit $20 in the bank and take out their poker chips from the case. Now, when it’s actually time to take the money out and pay everyone, I just take money from my wallet. The reason for this is you have to hit 3 bars or of any combination for the money to be dispensed.

Honestly, for individuals who wouldn’t use the Slot Machine Bank like me, it’s a great way to save. Whether you’re planning a trip to Las Vegas, a weekend jaunt down to your local establishment, or anything else that you want to spend money on this is a great way to do it. slot dana Plus you can even have a little fun. Oh, and if I didn’t mention it before you can use just about any type of coins on the market today.

There are several choices out there and each one of them will be a little different. Overall though, I know anyone who enjoys the casino slots will get a kick out of having a Slot Machine Bank for their change. The only thing left for you to do is figure out which one actually works best for you.

An understanding of the relevance of free casino chips must be put into its proper context: are the offers of the free chips coming from honest online casinos?

The first online casinos opened 10 years ago, and now there are hundreds that can be found online. Estimates vary as to the number of people who gamble online, but recent estimates suggest that a figure of around seven million worldwide would not be too far out. Taking that into account, and with a further estimate of more than $12 billion spent in online casinos alone (not including physical land-based casinos), offers of free casino chips may understandably be seen as something of a drop in the ocean.

Add to that the question of whether or not these free chips are being offered by honest online casinos, and we enter an area worth some study or serious research.

Firstly, let us consider what these free casino chips are really worth to the individual online casino player. Free casino chips are of four main types:

No Deposit Bonus. This is simply free money. Honest online casinos will offer free casino situs judi slot terbaik dan terpercaya no 1 chips with no strings attached, simply to attract people to play at their virtual tables. There will sometimes be minor strings attached. For example, the casino may ask for credit card details up front. Always read the terms.

Matching Deposit Bonus. This is where the house will match your deposit. Often this is done in multiples. For example, a 200% bonus will mean that if you were to deposit $100 then the casino would add $200 in free casino chips to your account. Very nice! Especially useful for new players starting out.

Uncashable Bonus. This is the so-called ‘sticky’ bonus. This can never be cashed, but its usefulness lies in that fact that it stays in your account and enables you to use the bonus account to ‘leverage’ higher wagers. เว็บสล็อต These free casino chips stay latent in your account simply to allow you to do things which you otherwise could not.

Loyalty Bonus. This is exactly as it sounds. All honest online casinos, and offline ones too, want to keep hold of their good returning customers, and will offer loyalty bonuses, including free casino chips, as a result.

Remember that online casinos can afford to do this because they simply do not have the overhead that their brick and mortar land-based counterparts have. Equally, there is no excuse for an online casino NOT to be honest for exactly the same reason. They can offer free casino chips AND be an honest online casino in circumstances where their physical equivalents would find the financial burden impossible.

So how do we go about identifying which are the honest online casinos and which are not? Well, a lot has changed since the earliest online casinos set up shop in their offshore locations in 1996. Self-regulation (at best dubious) led to accreditation of bodies like ECOGRA (E-Commerce Online Gaming Regulation and Assurance). Look out also for evidence of good customer care, positive feedback from online casino forum members and decent helpline facilities. The more honest online casinos will offer (will actively boast) 24 hour live chat and live email support as well as toll-free telephone help. Does it have a mailing list slot thailand you can join to keep in contact with the latest tournaments and special offers? Trust lies at the heart of any subscription process (or people would not subscribe) so that in itself is a good indicator of an honest online casino.

Transparency of accounting systems is another good indicator of honest online casinos. When testimonials are published make sure that it is from more than a set of initials, and make sure they have a state or country. Free casino chips may be ‘virtual’ in concept, but they are used by real people!

Nowadays, a lot of different people come across websites that promise to provide you with Free Casino Slots. slot However, look closer and you will quickly realize that not all these sites are what they claim to be. However, there are ways in which you can easily determine whether or not you are truly going to enjoy Free Casino Slots or if you are going to end up paying for it. Once you have this information, you will be in a better position to take decisions and probably end up choosing the right one of the lot.

Going by reputation

One of the easiest ways in which you can learn more about the website claiming to provide you with Free Casino Slots is by simply looking at the reputation of the website. It is necessary to carefully read about this, since many websites strive hard to maintain a good reputation and ensure that the users feel completely safe being in the website. Hence, it is definitely worth checking out, just to be sure that you are not going to end up regretting about playing on the website. With so many different threats looming around the corner, it is always better to be safe than sorry.

Checking out the game options

Sometimes, quality websites that do provide Free Casino Slots also have a number of choices within the slots, which make it quite simple and straightforward to opt in for it. You should perhaps check this out, just to be sure that you do have more than one choice to count upon, just in case. A lot of people fail to realize this, which is perhaps reason why they always assume that Free Casino Slots is an option that they cannot really enjoy as much, which is not entirely true.

Paying for more

If you like the Free Casino Slots, perhaps you should consider supporting the site and enjoying some of the paid options. This is something that should come from within you, as paying for worthwhile websites is definitely not such a bad idea. In addition to being sure that the website will be around for a while, you can also be rest assured that you can enjoy the Free Casino Slots and have a pretty good time playing these. After all, offering something for free requires resources as well, and timely donations can help alleviate some of the financial burdens.

With the emergence of the online casino, people do not have to fly or drive to a faraway casino to play their favored games. Changing times and new innovations resulted in the growth and popularity of the internet casinos these days. Considering the present scenario, the online casino has developed as the most entertaining and enticing means to check out a number of popular casino games under one roof. 918kiss apk download

Gone are those days when you had to plan for a holiday or vacation to travel to a location like New Jersey or Las Vegas popular for offering the excitement of real casinos. However, it is obvious that while planning a holiday, you had to put aside your official commitments. It is more likely that traveling frequently leaving behind all your assignments may not be possible always.

The introduction of the internet casino or more popularly the online casino eliminates a lot of hassles for the gamers making it much more easy for them to reach out their favorite game at any time and at any place. Additionally, you do not require to travel all the way to any brick and mortar casino to play your casino game. Having a computer with internet connectivity can put an end to all these problems.

Casino online gives you access to a lot of gambling sites on the internet. If you’re 21 (the considered legal age of gambling) then you are ready to start with the online casino games. You should know that playing at any online casino site brings about a lot of advantages for the players.

Having a look on the major advantages of the online casinos will help you to know why this means of gambling has grown so popular. Why is it the most preferred option for most casino players worldwide? Well, in the following lines you will come across the most common advantages that online gambling brings you forward. These include

Playing at your convenience:

One of the main features of casino online that makes most gaming lovers to turn to gambling online is that the internet forms to be the most convenient medium these days. The online casino forms to be an essential way allowing more and more players to gamble with ease from their own residence. Till you’re connected to the internet, you can play your favored casino games 24×7. You just have to enter a site and get started with your chosen casino games.

Promotion and bonuses

The online gambling bonuses prove to be the most attractive options to select playing online. You will never be finding these kinds of options in any brick and mortar casino. Presently, you are offered a range of bonuses like deposit match bonus, sign up bonus or welcome bonus, no deposit bonus ad cash back bonus. These promotions can be a great way to attract more and more new players and hold on to the existing players as well. With bonuses, the players can easily increase the bankroll as they have much more cash in hand to bet.

More choice of casinos

With the internet casinos, you will get a choice of more casinos at a time. You can even switch over to one site to another as it depends solely on your wish.

Convenient and easy withdrawal and deposit options:

Online casinos brings you a lot of banking options to make your selection. Many online casino sites accept Master and Visa credit cards for both withdrawal and deposit purposes. Other popular options available include wire transfer, NeTeller, myCitadel, Moneybookers, Entropay and others.

The Cluedo Slot Machine is based on the hugely popular board game that has sold millions world wide. Cluedo is all about trying to solve a murder. There are a number of suspects, different murder weapons and rooms in the Cluedo Mansion that all play their part in making the Cluedo Slot Machine an exciting and fast-paced experience.

If RTP live hari ini are a big fan of the board game then you will be pleased to see the familiar characters well represented on the Cluedo Slot Machine – Miss Scarlett, Reverend Green, Colonel Mustard are among the murder suspects. The weapons include the candlestick, the lead pipe and the revolver plus the familiar rooms like the library and study feature in the bonus game.

Cluedo has five reels and 15 different winning lines spread across the 15 symbols you get with each spin. You can play between one and five coins per line. As usual, the bonuses you can get are multiplied the greater number slot bonus new member 100 di awal to 7x of coins you play per spin, so for the big wins it is recommended you play with the largest number of winning lines and coins that you feel comfortable with.

The bonus game on the Cluedo Slot Machine is called “Who Won It” – a play on whodunit of course. This is triggered by getting three “Who Won It” symbols on a payline. The great news about getting the bonus game is that you are guaranteed a win!

The game works by selecting a murderer, the room and then a final bonus multiplier via the murder weapon. If you are not impressed by the first bonus you get on the Cluedo Slot Machine, then you can reject it, as you can have up to three tries. Whatever happens, you will received the third bonus slot terbaru prize. The biggest prize you can collect on the bonus game is 2,250 coins. As for what win you should decide to reject, and see if you can gamble up, well it is probably worth rejecting a first win of less than 200 coins if you want to gamble.

You might think that playing slot machines is pure luck, but there is some skill involved. The odds are in favor of the house, but you have a better chance of winning if you follow these guidelines:

Always read all available information about a Slot machine before you play it. Make sure you know which combinations give you the best outcome, and how many coins to use to attain them. Good knowledge is the key to success!
If you play Progressive Slots, always bet the maximum amount, as it is the only way you can win the Progressive Jackpot.
Slow down your play. The faster you play and the less you think, the better for the casino! Keep your wits about you and gamble slowly and sensibly.
Set a loss limit on your gambling session and walk away when you reach it – discipline yourself.
Always keep a percentage of what you win – never plough all your winnings back into the slot machines. For example, if you win 1,000 coins, only gamble 200 of them. This not only gives you the opportunity to play for much longer, but also ensures that you walk away wealthier.
Always bet the maximum number of coins available; it will exponentially increase your winning potential when you hit the jackpot!
Always look around for the best deal – take note of which slot machine pays the most for the lowest bet, and stick to that one. The winnings are always greater on these machines.
Regular or straight Slots offer the best odds. duckbet.net If you choose a machine with more reels, you stand to win more money.Regular or straight Slots offer the best odds.

A lot has been written about the honesty of land-based slot machines. An excellent article by Steve Bourie is titled, “Are Slot Machines Honest?” and originally appeared in the 1999 American Casino Guide. (It can be found online by searching for the title in Google or Yahoo!.) Physical, land-based slot machines have a lot of “variations” (being polite) than can deceive the player. Of course, they are all illegal and do not happen. But read the article, closely.

On the other hand, online casino slots use an electronic “random number generator” or RNG, operating inside a very large computer program that manages the game graphics, the player accounts depo 25 bonus 25 heylink of those who join the game, the statistics of every hand played, and much more. The random number generator is hard-coded software instructions that do not change. There is no “sense switch” (see the Bourie article) that can be flipped to give players worse odds. Regarding control parameters, each use of the RNG is the same as the last use, and will be the same as the next use. The numbers will come out randomly, but the pattern of randomness never changes. This is a true advantage of software-based online casino slots.

Land-based slot machines can also have payout percentages as low as 83%, which is not true with online casino slots. In online gaming, each machine has the same winning percentage as the other machines. You can see the payout percentages for many online gaming sites, and you will see that it rarely drops below 95% – that is, the house makes a 5% profit, on the average. In fact, most casinos can document that their payout percentages are in the 97% – 98% range. This means that you can spend an hour, gamble your $100 stake about 3 times, and on the average it will cost you $7.50. But players don’t gamble to be average: the true reward is the high-paying win. And the high-paying win is balanced, of course, by a number of players who lose and finance that win.

So are online casino slots fair? Yes, they clearly are. amg-slot.capitalconsultants.co.uk The software that operates the games is tested regularly by independent testing laboratories (look for logos at the bottom of the casino website), and no game is individually controllable to be biased. That is a far cry from the situation with land-based slot machines, appropriately called “one-armed bandits”.

Players get better odds, they get absolute consistency across all games – but no one can guarantee a win every time. That’s just the nature of gambling, and that’s part of the thrill.

So the next time you want to play a slot machine, even if there’s a land-based casino right next door, you are better slot mahjong ways advised to go to your computer and play the online casino slots. They are a far better bet.

The Fru Skill Stop Machine is one of the factory-refurbished slot machines. The machine is quite low demanding in respect of the installation requirements. This machine requires almost no installation. It plugs right into the wall of the house. Though the machines are refurbished ones, they are good in the retention factors and lasts for the lifetime of the customer.

The machines come with a two-year warranty. This two-year warranty coves almost all the external as well as internal parts of the slot machine. The light bulbs are the only parts of the machine that are not covered by this warranty. This warranty also does not cover the slot machine being damaged by water dire, or thunder.

The Fru Skill Stop Machine can be very easily used by the users who are new to the world of gambling. A key offers complete access to the machines by the users. There is also a reset switch or a reset key in order to change the unwanted factors that are present in the machine.

There are a huge number of users reluctant to take the help of the professionals for the proper installation. For these people it is suggested that they go through the basic operating manual for the proper guidance of the installation. In addition to this, a toll free contact number is given, where the customers can ring with their queries that are answered by the experts.

When these slot machines are refurbished in the factories, the custom-made labels are installed inside the machines. As a result of this, the users can very easily find out the exact location of the sound control switch or key, power control key or switch and the like. The users do not even have to refer back to the manual to get these keys or the switches.

There are certain drawbacks about which the client must be made aware so that they are prepared beforehand and can justify the buying of the machine. Most of the Fru Skill Stop Machines accept only tokens and if the customer wants to play with coins, the whole transformation process is cumbersome.

slot gacor Apart from this, the machines provide superb light and sound effects just as they are in the international casinos. The machines also have different gaming topics, and accordingly, different video screen and displays of animation.

With Fru Skill Stop Machine, one can play 1, 2, or 3 coins at the same time. If the customers need to ask something directly to the manufacturing company, they can do it with the instant mailing facilities that are provided by the company. A checkpoint is installed inside the slot machine in order to provide the users complete safety of themselves and of the machines as well.

During the refurbishment of the slot machines in the factories, all of the slot machines are checked and tested thoroughly and individually. As a result, there remains little possibility of the users facing any problem while playing the game with this machine.

The Proper Care & Feeding of the Golden Goose

Under the new paradigm of declining economic conditions across a broad spectrum of consumer spending, casinos face a unique challenge in addressing how they both maintain profitability while also remaining competitive. These factors are further complicated within the commercial gaming sector with increasing tax rates, and within the Indian gaming sector by self imposed contributions to tribal general funds, and/or per capita distributions, in addition to a growing trend in state imposed fees.

Determining how much to “render unto Caesar,” while reserving the requisite funds to maintain market share, grow market penetration and improve profitability, is a daunting task that must be well planned and executed.

It is within this context and the author’s perspective that includes time and grade hands-on experience in the development and management of these types of investments, that this article relates ways in which to plan and prioritize a casino reinvestment strategy.

cricket exchange Cooked Goose

Although it would seem axiomatic not to cook the goose that lays the golden eggs, it is amazing how little thought is oft times given to its on-going proper care and feeding. With the advent of a new casino, developers/tribal councils, investors & financiers are rightfully anxious to reap the rewards and there is a tendency not to allocate a sufficient amount of the profits towards asset maintenance & enhancement. Thereby begging the question of just how much of the profits should be allocated to reinvestment, and towards what goals.

Inasmuch as each project has its own particular set of circumstances, there are no hard and fast rules. For the most part, many of the major commercial casino operators do not distribute net profits as dividends to their stockholders, but rather reinvest them in improvements to their existing venues while also seeking new locations. Some of these programs are also funded through additional debt instruments and/or equity stock offerings. The lowered tax rates on corporate dividends will likely shift the emphasis of these financing methods, while still maintaining the core business prudence of on-going reinvestment.
Profit Allocation

As a group, and prior to the current economic conditions, the publicly held companies had a net profit ratio (earnings before income taxes & depreciation) that averages 25% of income after deduction of the gross revenue taxes and interest payments. On average, almost two thirds of the remaining profits are utilized for reinvestment and asset replacement.

Casino operations in low gross gaming tax rate jurisdictions are more readily able to reinvest in their properties, thereby further enhancing revenues that will eventually benefit the tax base. New Jersey is a good example, as it mandates certain reinvestment allocations, as a revenue stimulant. Other states, such as Illinois and Indiana with higher effective rates, run the risk of reducing reinvestment that may eventually erode the ability of the casinos to grow market demand penetrations, especially as neighboring states become more competitive. Moreover, effective management can generate higher available profit for reinvestment, stemming from both efficient operations and favorable borrowing & equity offerings.

How a casino enterprise decides to allocate its casino profits is a critical element in determining its long-term viability, and should be an integral aspect of the initial development strategy. While short term loan amortization/debt prepayment programs may at first seem desirable so as to quickly come out from under the obligation, they can also sharply reduce the ability to reinvest/expand on a timely basis. This is also true for any profit distribution, whether to investors or in the case of Indian gaming projects, distributions to a tribe’s general fund for infrastructure/per capita payments.

At one time, casinos were only present in certain specific locations, such as Las Vegas, Reno, the Islands, Monte Carlo, etc., and on cruise ships. The next major entrant into the casino locations was Atlantic City. Today, however, there are casinos in many, many locations. There are Native American/ Indian Casinos all over, some of which have become amongst the largest in the world. magawin88 Now, even the casino cities have multiple competitors.

Cities such as Las Vegas, especially along the “Strip” have upscaled many of the hotels and made several others more family friendly. It used to be that the hotel rooms at casino hotels were relatively reasonably prices, and now, many of them have become quite expensive. So, why are casinos so very popular?

The odds of winning at a Casino have certainly not improved. Certainly, there are more governmental controls and authorities, and they are no longer dishonest and/or rigged. Yet, slot machines, which are the biggest profit center for a casino, set their machines at a certain, specific payout ratio, so that over time, each machine, as well as the machines as a whole, return a specific profit to the casino. In fact, casinos can predict the percentage profit they will make from their machines. That is why all the casino rewards programs value slots players far more than table players, because while table players may often play more money, the casino does not have the guaranteed return on the table games that it has on the machines.

Have you ever noticed that certain machines seem to payout more often? It is not your imagination, but a fact that many casinos set different machines at different payout ratios, and set machines located at certain specific locations to payout more often, so as to maximize the individuals that pass by to stop and be enticed. It is also a fact that certain casino table games are far more profitable to a casino than others. The odds at winning at roulette, wheel of fortune, etc., are far worse that at Craps or Blackjack. Casinos realize that each specific game has its own odds, and the casinos fully realize which ones pay off the best. Even in Craps and Blackjack, the Casinos odds and percentages are improved because of the number of players who play far less than perfect basic strategy, and thus improve the Casinos percentages.

Certain casinos have different rules for the same games. For example, the rules governing Blackjack in Puerto Rico are far less favorable to the player than they are elsewhere. In Puerto Rico, for example, the dealer begins the game by taking only one card, instead of the two taken in most casinos. By doing this, the dealer’s odds improve under certain circumstances. For example, in the scenario where the dealer is showing a card such as a 4, 5, or 6, the dealer will “bust” far less often when he must take two consecutive cards, than when he needs to only add one, because there is less statistical probability of a dealer dealing himself two consecutive high cards than only one.

If someone goes to a casino for recreation and to have a good time, and sets personal affordable spending limits, the casino experience can often be an enjoyable one. Those players who are enticed by the “comps” they receive because they gamble so much, and who believe it costs them nothing to go to a casino, the casino experience may sometimes prove economically ruinous to the individual. We should all remember that casinos are in business to make money!

Richard Brody has over 30 years consultative sales, marketing, training, managerial, and operations experience. He has trained sales and marketing people in numerous industries, given hundreds of seminars, appeared as a company spokesperson on over 200 radio and television programs, and regularly blogs on real estate, politics, economics, management, leadership, negotiations, conferences and conventions, etc. Richard has negotiated, arranged and/ or organized hundreds of conferences and conventions. Richard is a Senior Consultant with RGB Consultation Services, an Ecobroker, a Licensed Buyers Agent (LBA) and Licensed Salesperson in NYS, in real estate.

The Proper Care & Feeding of the Golden Goose

Under the new paradigm of declining economic conditions across a broad spectrum of consumer spending, casinos face a unique challenge in addressing how they both maintain profitability while also remaining competitive. These factors are further complicated within the commercial gaming sector with increasing tax rates, and within the Indian gaming sector by self imposed contributions to tribal general funds, and/or per capita distributions, in addition to a growing trend in state imposed fees.

Determining how much to “render unto Caesar,” while reserving the requisite funds to maintain market share, grow market penetration and improve profitability, is a daunting task that must be well planned and executed.

It is within this context and the author’s perspective that includes time and grade hands-on experience in the development and management of these types of investments, that this article relates ways in which to plan and prioritize a casino reinvestment strategy.

Cooked Goose

Although it would seem axiomatic not to cook the goose that lays the golden eggs, it is amazing how little thought is oft times given to its on-going proper care and feeding. With the advent of a new casino, developers/tribal councils, investors & financiers are rightfully anxious to reap the rewards and there is a tendency not to allocate a sufficient amount of the profits towards asset maintenance & enhancement. Thereby begging the question of just how much of the profits should be allocated to reinvestment, and towards what goals.

Inasmuch as each project has its own particular set of circumstances, there are no hard and fast rules. 918kiss download For the most part, many of the major commercial casino operators do not distribute net profits as dividends to their stockholders, but rather reinvest them in improvements to their existing venues while also seeking new locations. Some of these programs are also funded through additional debt instruments and/or equity stock offerings. The lowered tax rates on corporate dividends will likely shift the emphasis of these financing methods, while still maintaining the core business prudence of on-going reinvestment.
Profit Allocation

As a group, and prior to the current economic conditions, the publicly held companies had a net profit ratio (earnings before income taxes & depreciation) that averages 25% of income after deduction of the gross revenue taxes and interest payments. On average, almost two thirds of the remaining profits are utilized for reinvestment and asset replacement.

Casino operations in low gross gaming tax rate jurisdictions are more readily able to reinvest in their properties, thereby further enhancing revenues that will eventually benefit the tax base. New Jersey is a good example, as it mandates certain reinvestment allocations, as a revenue stimulant. Other states, such as Illinois and Indiana with higher effective rates, run the risk of reducing reinvestment that may eventually erode the ability of the casinos to grow market demand penetrations, especially as neighboring states become more competitive. Moreover, effective management can generate higher available profit for reinvestment, stemming from both efficient operations and favorable borrowing & equity offerings.

How a casino enterprise decides to allocate its casino profits is a critical element in determining its long-term viability, and should be an integral aspect of the initial development strategy. While short term loan amortization/debt prepayment programs may at first seem desirable so as to quickly come out from under the obligation, they can also sharply reduce the ability to reinvest/expand on a timely basis. This is also true for any profit distribution, whether to investors or in the case of Indian gaming projects, distributions to a tribe’s general fund for infrastructure/per capita payments.