Monthly Archives: April 2022

Types of Casino Slot Machines – Jackpot Slot Machines

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. 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.

Moreover, many lenders make the mistake of requiring excessive debt service reserves and place restrictions on reinvestment or further leverage which can seriously limit a given project’s ability to maintain its competitiveness and/or meet available opportunities.

Whereas we are not advocating that all profits be plowed-back into the operation, we are encouraging the consideration of an allocation program that takes into account the “real” costs of maintaining the asset and maximizing its impact.

Establishing Priorities

There are three essential areas of capital allocation that should be considered, as shown below and in order of priority.

  1. Maintenance and Replacement
    2. Cost Savings
    3. Revenue Enhancement/Growth

The first two priorities are easy enough to appreciate, in that they have a direct affect on maintaining market positioning and improving profitability, whereas, the third is somewhat problematical in that it has more of an indirect affect that requires an understanding of the market dynamics and greater investment risk. All aspects that are herewith further discussed.

Maintenance & Replacement

Maintenance & Replacement provisions should be a regular function of the casino’s annual budget, which represents a fixed reserve based on the projected replacement costs of furniture, fixture, equipment, building, systems and landscaping. Too often however we see annual wish lists that bear no relationship to the actual wear & tear of these items. It is therefore important to actually schedule the replacement cycle, allocating funds that do not necessarily have to actually be incurred in the year of accrual. During a start-up period it may not seem necessary to spend any money on replacement of brand new assets, however by accruing amounts to be reserved for their eventual recycling will avoid having to scurry for the funds when they are most needed.

One area of special consideration is slot machines, whose replacement cycle has been shortening of late, as newer games & technologies are developing at a much higher rate, and as the competition dictates.

Cost Savings

Investment in cost savings programs & systems are, by their very nature and if adequately researched a less risky use of profit allocation funding then almost any other investment. These items can often take the form of new energy saving systems, labor saving products, more efficient purchasing intermediation, and interest reductions.

These items have their caveats, one of which is to thoroughly analyze their touted savings against your own particular application, as often times the product claims are exaggerated. Lease buy-outs and long term debt prepayments can sometimes be advantageous, especially when the obligations were entered into during the development stage when equity funds may have been limited. In these cases it is important to look at this strategy’s net effect on the bottom line, in comparison with alternative uses of the monies for revenue enhancing/growth investments.

One recent trend is the growing popularity of cash-less slot systems, which not only provide labor savings for fills, counts and hand-pays, but also serve as an aid to patrons who do not like to lug around those cumbersome coin buckets, while also encouraging multiple game usage.
Revenue Enhancing & Growth

Leveraging is the key catalyst of any revenue enhancing/growth related investment. It includes the following:

o Patronage Base
o Available Funds
o Lands
o Marketing Clout
o Management Experience

The principal is to leverage the use of the available asset towards achieving higher revenues & profitability. Typical examples include increasing average patronage base spending and widening the effective trading radius, by offering additional products/services, such as retail stores, entertainment alternatives, recreational/leisure amenities, overnight accommodations, more restaurant choices, and of course, expanded gaming. 토토사이트

Master Planning

Anticipation of potential growth and expansion should be fully integrated into the project’s initial master planning so as it assure cohesive integration of the possible elements in a phased-in program, while also allowing for the least amount of operational interruption. Unfortunately, it’s not always possible to anticipate market changes, so expansion alternatives must be carefully considered.

The Big Picture

Before embarking on any type of expansion and/or enhancement program we strongly recommend first stepping back and assessing the property’s present positioning relative to the market and competitive environment. As we have observed in numerous gaming jurisdictions around the country, often casino ventures that have been operating “fat and happy” for a few years, find themselves in a zero-growth period. Sometimes this is due to competition stemming from either/both new local area casinos or regional venues that have the affect of reducing patronage from peripheral area markets. Additionally, the current customer base may become bored with their experience and are seeking greener pastures. The historical growth of the Las Vegas strip is testament to the success of continually “reinventing” oneself.

Our approach to these market studies is initially focused on determining the degree to which the current facility is penetrating the potential market and in relationship to any competitive market shares. Typically, this represents an analysis of the current patronage base in terms of information gleaned from the player tracking data base, and mailing lists, coupled with day-part, daily, weekly, monthly and seasonal revenue trends.

This data is then interfaced with an assessment of the overall market potential to indicate the extent to which certain market segments are utilizing the facility and the needs it is fulfilling. More importantly however, is that this type of analysis will indicate those market segments that are not utilizing the facility more fully, and why.

 

Fun Casino Company – Gambling Without Guilt

Many companies would like to organise events that entertain the employees and other guests. An excellent option is a mobile fun casino. It can also be a fundraiser. Casinos provide fun, thrill and entertainment value for the money that we pay them. Why not bring in the same atmosphere through an evening?

Guests and employees are distributed ‘fake money’. This fake money is usually provided by the casino itself. The fake money is exchanged for chips of various denominations. These chips are then used to play different games provided by different tables in the casino.

The casino may decide to give the winners a gift instead of money for all the money the guests have spent for buying the tickets to the fund raiser. Also, a gift will make the guests pay generously towards the charitable fund and aim for the prize. sm카지노

If held in the UK, all these proceedings should be in compliance with the Gambling Act, 2005. This states that the money given as prize should be a reasonable amount for the money raised is for a charitable cause.

To entertain your guests and employees in a different way, it is the best answer. The employees compete against their bosses. The employees can see each other in a different light. The employees can also grab this opportunity to show their gambling skills!

Such a fun event provides a rare opportunity to interact at different levels and have fun in a unique way.

Usually they are hired for breaking the ice, for team building and as a part of promotions and launches.

Choosing popular games for the fun casino is a good idea. This way everybody can participate and have fun. Those who are not interested in gambling can at least have fun by watching others.

Roulette is a good choice, for it involves lesser number of strategies and is an out right fun game. Most people prefer American roulette for nobody would want to play that in a casino! Craps or dice is another popular game and everybody loves it. It is simple and like roulette, involves no big gambling mumbo jumbo.

Having a card game will be wise for those who want to display their skills. Blackjack and/or poker are widely played and most people are familiar with these games. Having these games will give the employees a chance to beat their bosses!

 

Online Casino Sites Must Have a Great Design

Online casino games have been attracting a huge number of players these days. Even women are no exception to it. This has created a big competition in the online casino industry. If you are thinking about creating an online gambling site, then you need to focus on the design part as that helps in drawing major traffic.

Your website has to be unique so that more number of people visit your site to play various online casino and gambling games. Your casino site must look bright and colorful. The sites that use dark colors do not fetch traffic. However, if you have a site that uses very bright colors, it helps in keeping the players on with it.

You need to use those colors that are flashy giving the gambler the feeling of a real casino parlor. The more real your online casino site looks, the better are your chances to beat your competitors. For color selection, you can take help from people who have already been operating successful online casino sites.

Not only the colors, but you need to create an easy to use interface. A large number of people play online casino games everyday. Not only the experts, there are also many novice players who try their hands into the game. It is therefore very important that you make your site user friendly. เว็บตรงสล็อต

Your site should be designed in such a way so that one can easily navigate it to play their favorite casino games online. You need to concentrate on this part to make it more popular with the users visiting your site. Also important is the selection of games.

Your online gambling and casino website should have those games that are popular with the online gambling players. One of the best ways to know about the popular games is visiting various online casino sites and check out what kind of games they offer to the players.

If you want to be ahead in the competition, you can also offer games that you think will be able to draw a great deal of traffic to your site. The more number of games your website will offer, the more are your chances of making profit. For design ideas, you can browse the internet to get excellent tips on it. Create your own website today. Make sure to upgrade it on a frequent basis to be at par with your competitors

 

Online Casinos – Taking Advantage of the Offered Bonuses

During these tough economic times, it is no surprise that land based casinos are losing money. You may have thought that people would be flocking to sportsbooks and casinos worldwide in order to gamble and hopefully win big as an aid to surviving the recession that the economic crisis has spawned.

However, it seems that the opposite is true. The lack of money for entertainment means that folks are foregoing those weekend trips to Las Vegas and other gambling meccas. They have even become unwilling to spend the money required for gasoline or public transportation in order to get to land based casinos that are within driving distance of their homes. You could ask any sports book or casino owner how the recession has treated their business, and most of them will tell you that they are losing money. 老虎機

Experts in the gambling industry have observed a ripple effect taking place across the world. Determining the patterns of international gambling is the subject of a study that has released some surprising facts about the gambling industry. Online gambling is rising in popularity in spite of the economic crisis. In fact, in 2008, the total amount taken in worldwide by online gambling was more than 20 billion dollars, setting a new high record.

Why are people shying away from land-based casinos and using online casinos instead? Simply put, they can make their money go much further in an online casino. As mentioned above, people just do not want to part with their cash for airfare or for any other form of transportation in order to get to the casinos. They are using that money to go to online casinos, and having their gambling fun in the comfort of their homes.

The gambling industry is predicting that online gambling will continue to be quite popular for as long as the economic crisis goes on, and even beyond. People are not going to give up gambling. They may not wager as large an amount as they once did, but the lure of winning is too strong for them to stop completely. They will turn to online casinos as a way to continue their gambling habit for less money.

All that is needed for online gambling is a computer and an inexpensive broadband connection to the Internet. Anywhere you can use a laptop computer or a mobile phone is also a place where you can gamble. Unlike land-based casinos, online gambling allows you to practice many of the most popular games at no charge. You can get a feel for a game before investing any money in it, which can save money in the long run.

Those punters who are smokers and have seen their favourite casino or sports book turn into a smoke-free establishment are also bringing their gambling dollars to the online casinos. Gambling via the Internet means no restrictions on smoking, food or drink. There is no dress code to follow, and many consider online casinos much safer than land based casinos. Several of the big online casinos are responding to this influx of new customers by making online gambling even more fun and appealing. They are adding welcome bonuses and other promotions, holding tournaments, and featuring player customizable slot machines. Almost everything you can find at a land-based casino is available at online casinos, plus a whole lot more.

Online gambling is very convenient, offers a huge variety of games to tantalize the punter, and suits the entertainment budgets of those who are affected by the economic crisis. There is no doubt that the gambling industry is right on the threshold of even more growth as it grows more popular than ever.

 

How to Win at Slots Completely Explained!

Mention of the word ‘casino’ conjures images of risk and great risk taking in many peoples’ minds. Indeed, there are people who would very much like to participate in the various games that casinos offer to the patrons, but who are put off by the risk inherent in so doing.

Typical online casinos, for instance, usually require the patrons to deposit a given amount of money (referred to in most circles as the ‘playing deposits’) – from which the casinos are then able to pay the winnings to the lucky players, finance their operations (staff costs, web hosting costs in the case of online casino, and so son), and also to make a profit for their creators, the ‘house owners,’ as it were.

The way no deposits casinos work, on the other hand, however is through a system where the players don’t have to deposit any money with the ‘house’ to start playing. Some actually take the no deposit philosophy to another level, where they integrate it with the increasingly popular ‘casino bonus’ system – to come up with what can be termed as a no deposit casino bonus system, in which players have a real chance to get real money out of their playing without having to put anything (besides their effort and time really) into the ‘house.’

The no deposit casino system is not game specific, and most of the no deposit casinos actually offer the whole range of games offered in the other typical casinos that demand deposits off their members, the games in question being anything from roulette to slots, blackjack and poker. https://www.sawan888.net/

Most no deposit casinos, as indeed all types of casinos, typically don’t allow admission to minors (people under the age of 18), generally for legal reasons.

To be sure, though, the no deposit casino bonus system tends to come with a few catches here and there, and it is important to read and understand the casinos terms and conditions carefully before getting in. For the most part, for instance, no deposit casinos will tend to put a limit to the amount of no deposit bonuses they allow – with some limiting it at as low amounts as $10. However low the amount that the no deposit casino bonus is, though, it is still ‘something for nothing’ and an opportunity to get something for free from the ‘house’ – and that, of itself, is an attractive option.

Someone might ask what the business logic of offering the no deposit casino options is, especially keeping in mind that the casinos are definitely not charities – but highly strategic businesses. The answer to the question of how the zero deposit casinos make their money lies in the understanding of the workings of ‘free samples’ marketing philosophy, where a company that is highly confident about its products offers some free samples to prospective buyers. So in a way of speaking, the no deposit casino bonus are the casino’s version of ‘free samples’ which, should the player get impressed with them, is expected to spur them to register with the casino, and thereby offer the casino the opportunity to make some money, while also giving the player the chance to earn even more money from the casino – depending on their skill and luck.

Advantages to Playing Poker Online

Red Flush is a brand new online casino that makes a striking first impression with its crisp, no-nonsense interface, user-friendly site and none of the senseless, flashing marketing hype that sometimes makes an online casino seem off-putting.

Licensed by the Kahnawake Gaming Commission, Red Flush Casino accepts players from around the world and offers its software in English, Spanish, Italian, French and German. This online casino is powered by Microgaming and therefore offers a gaming experience that is as smooth as they come.

Software and Games
There are literally hundreds of games to choose from at Red Flush Casino, offering players one of the largest selections on the internet. There is an impressive selection of blackjack choices at the site, in addition to other favorite card and table games. Red Flush Casino boasts that there are more video poker variations on its site than at Vegas, and the range is certainly impressive.

There are so many slots options at Red Flush Casino – over 150 of them! – that players will never, ever get bored at this site. Anything – from classic three reel slots to the latest video slots with amazing bonus rounds – is found at Red Flush Casino.

For extra big wins, players can try their luck at the 21 Microgaming progressive jackpot games that offer some of the biggest prizes available in the industry.

As a Microgaming-powered site, it can only be expected that the software at Red Flush is superb, with crisp, realistic graphics, awesome sound features and other unique offerings to make gambling pure pleasure.

Bonuses and Promotions
Red Flush Casino offers first time players a generous match bonus that certainly makes it worth their while to open an account here. In addition, as a new site, the casino goes out of its way to offer unique bonuses not found at any other online casino. For example, the site will reward handsomely any new player who has ever won a significant progressive jackpot at any other site in the industry.

Players start to earn Red Rewards from their first bet and automatically become members of the Red Flush Casino Loyalty Club when they fund their online casino accounts. Comp points are exchangeable for casino credits and players can move up the four-tiered club to benefit from serious rewards!

Payment and Payouts
As an online casino with an international flair, Red Flush Casino accepts payment in a variety of different currencies, including Euros, US Dollars, British Pounds and more.

The casino accepts credit cards, as well as a host of alternative payment methods so that players should find banking at Red Flush both convenient and hassle-free. Winnings can be withdrawn in a similarly simple manner.

Security
Red Flush Casino uses the latest security to ensure that their players’ personal and financial information is always well guarded. 128-bit encryption means that all data is secure whenever it is transferred over the internet.

The site’s Random Number Generator is independently reviewed for fairness and the results are posted regularly on the site. This transparency policy is very important for players to see that they that getting the safest and fairest gambling environment possible. slot gacor

Support
Red Flush casino has put customer support at the top of the list of its priorities and this fact certainly shines through by the service it offers its players.

Support is available by toll free phone from a large number of destinations in the world, including the United States, Germany, Italy, France and Australia.

For those who are after live support, this is available through the live chat feature at the site, where friendly and knowledgeable staff are waiting around the clock to assist players.

Naturally, 24/7 email support is also available at Red Flush.

Red Flush Casino
Red Flush Casino has swept onto the market and is doing everything in its power to get players to try out its excellent products. This site has practically all that players could desire in a good online casino – winning software, good customer support, easy payment methods and a wide range of games. When all is said and done, Red Flush Casino seems to have hit on a winning combination that is sure to attract players from around the globe.

This information was accurate when it was written but can change without notice. Please be sure to confirm all information directly with the casino.