Common Trends in The Casino Industry
The casino industry much like any other business goes has to suffer through the ups and downs of an ever changing society (Photo courtesy of Bally Technologies).
There are numerous reasons as to why casinos have to try to evolve to reflect changes around them. In more recent years there has been a global recession and technology to deal with both of which will have had a significant knock-on effect for Vegas-based casino revenue.
A number of states across the US have now legalised casinos and table games further burdening Vegas with the potential of more competition outside of its Nevadian home. Both Pennysylvania and Delaware have passed bills to allow casinos to be built in their states and which has led to some of the major casino operators looking to expand their business in alternative states for a change as opposed to continuing growth in Vegas.
There has also been a rapid growth in gambling in East Asia, particularly in the city of Macau in China. Macau plays host to the exciting and popular City of Dreams entertainment hub that features a number of hotels, restaurants, live shows and its impressive 420,000 square foot casino. Macau has enjoyed a huge increase in gaming revenue and the potential for expansion in other areas of East Asia such as Japan is a very exciting prospect.
So with gaming operators looking to expand in other areas of the US and with even more potential to head overseas as far out as East Asia what exactly will Vegas have to do to keep things ticking over and for those all important gamblers heading back to its world famous strip? Thankfully the show must go on and Vegas, even though renown for its multitude of casinos, is also home to restaurants, bars, clubs and world famous shows and concerts that continue to attract thousands of visitors all year round. And with it being placed right in the middle of the desert there’s always plenty of ways in which the city can expand further to help make this neon metropolis great once more.
Even the increase in online gaming has affected the number of people visiting casinos. So many players now simply opt to connect to their favourite casinos via their smartphone or tablet and take advantage of the special offers and casino bonuses that come with signing up for your own accounts. Online casinos offer players the ability to carry on gambling from the comfort of their own home and if Vegas can adopt a similar experience for its guests then perhaps it can start attracting back their high-rolling clientele.