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 How important are slots for a casino?




How important are slots for a casino?
Published: 2023-03-16

And what about slots players? What about slots players? (Come on, you know where this is going.)

 

This is what I hear when I hear them say they play the slots. I quote one from last week: "I'm just a slots player." (Alone?) Or two weeks ago: "I only play slots." (Only?)

 

There is no puffed-up, puffed-chested pride in playing a machine, no sense of achievement or arcane knowledge. You press a button; a decision is reached; you push the button again and that's all you need to know. You are not a member of the aristocracy by doing this. It's just "pressing" the button; wait for a decision and press the button again. That's all there is ? Yes and no.

 

You will see; the game played by a player is just a game. It has no intrinsic meaning. It is simply what the player thinks it is. Don't you think slots are something? The casino doesn't think so. You are welcome. You are welcome.

 

You will see that the true value of the slot machine is determined by the casino, not what a player thinks. Are craps players far above the “slots peasant class”? Not precisely. The casino would get rid of all its craps tables before it got rid of all its slot machines.

 

The casino would get rid of all its roulette games before it got rid of all its slot machines. Yeah, add in blackjack, mini-baccarat, and every other table game, and every single one of them would be kicked out of the gaming house before a casino would release all of its slots.

 

How important is the slot machine for a casino? The most important game of all. Between 65 and 90 percent of casino revenue comes from those former one-armed bandits, as they've been called since the prohibition era.

 

There would be no revolution in casinos without slot machines. The world is now full of slot machines, of all varieties and denominations, and when I say the "world", in fact, I mean the "world". There is no casino industry without slot machines. In fact, there are some casinos near me that don't have actual table games. They have purchased fake table game machines that simply imitate live table games. What imitates something is not the thing itself.

 

And what about slots players? They are the biggest players in the casinos, in the “world” of casinos, and they should know it.

 

Words like "only" should not apply to any slots player. No sir. A slots player must think of himself as the prime mover of an empire that has surpassed ancient Rome. The casino aristocracy? Go check out the slot aisles and you'll find out!

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Why Bruno Mars gambling scandal could open the door over more control against ludopathy. 

How important are slots for a casino?

Pop singer Bruno Mars has been in the spotlight recently for reportedly racking up $50 million in gambling debts at the casino he’s been performing at — though MGM Resorts said in a statement to MarketWatch on Thursday that this speculation is “completely false,” and that Mars “has no debt with MGM.”  

 

One Grammy-winning artist aside, gambling poses serious financial challenges to millions of Americans, both at in-person casinos and online. 

 

About 2.5 million adults in the U.S. are estimated to have a severe gambling problem, while another 5 million to 8 million have mild or moderate gambling problems, according to the nonprofit National Council on Problem Gambling. It impacts regular consumers and celebrities alike, with golf star Phil Mickelson recently opening up about his gambling addiction on Instagram. Mars has said he played cards to make money before his music career

 

Sports gambling has grown significantly in recent years amid a wave of legalization across the country that has made it easier for people to place bets on their phones. Americans legally wagered $119.84 billion on sports in 2023, up 27.8% from the previous year, according to the American Gaming Association. Since the U.S. Supreme Court struck down the Professional and Amateur Sports Protection Act (PASPA) in 2018, it’s been up to individual states to legalize sports betting, and it’s now legal in 38 states plus Washington, D.C.

 

Some people who can’t control their gambling problem have gambling disorder, a diagnosable condition that’s associated with a higher rate of suicide. 

 

Gambling’s financial impact can be severe: The average debt generated by men with a gambling problem ranges from $55,000 to $90,000, while for women it’s $15,000, according to Debt.org, an informational website about debt maintained by the nonprofit InCharge Education Foundation. Many withdraw cash advances on their personal lines of credit and rack up expenses on their credit cards to gamble. 

 

Some people also borrow money, called a casino marker, from casinos by filling out an application on-site; legally, this is handled differently from a short-term loan.

 

According to online materials from Las Vegas attorney Joel Mann, “Under Nevada law, casino markers are not considered a loan. Rather, they are like a check that you have written to the casino. If you do not have the money in the bank to cover a marker when it comes due, you can face serious criminal charges.”

 

Some people who can’t control their gambling problem have gambling disorder, a diagnosable condition that’s associated with a higher rate of suicide. 




Casino suffers from hypochondria on cannibalization debate. 

How important are slots for a casino?

The recent online-offline casino cannibalisation debate that took place (albeit by proxy) between Deutsche Bank and Eilers & Krejcik (EKG) in the US was an illustration of how important the topic is to discussions around online casino regulation and is just as relevant to French and wider European developments on the issue.

 

 

The report was carried out by EKG on behalf of the US online gambling trade body iDEA Growth and surveyed “how the legalization of online casino gambling affects land-based casinos” in the US. It found that online players tended to be younger than their offline counterparts, but operators that have both online and offline offerings “have not observed cannibalization”.

 

The Before-&-After

 

Comparing the growth rate of land-based casino before and after Online Casino was introduced, the report found that “in all six states (where online is regulated in the US), land-based casino revenue was positively impacted by the introduction of online casinos”.

 

In France, the potential cannibalisation of land-based casinos by digital casino portals is a key issue in the debates around online casino regulation. Debating the topic in the French parliament in Feb23, the gambling regulator Autorité Nationale des Jeux (ANJ) said land-based casinos would suffer a 30% hit to their revenues in the event of online regulation.

 

In the US, the regulatory set up in the leading online casino states of New Jersey, Michigan or Pennsylvania requires online operators to partner with offline casinos. That system also applies in Europe in countries such as Belgium and Switzerland.

 

In reference to the EKG report, the DB team commented that while some observers “appear to (be) doing mathematical acrobatics to arrive at a certain conclusion, we believe the data speaks for itself”… “While it may not be what some want to hear,” the analysts added, “in one paragraph and one chart, we have shown, for some time, and show here again, that iCasino is in fact having an impact on B&M casinos.”

 

DB added the “underperformance” of land-based casinos in New Jersey, Philadelphia and Michigan, the three states “that actually matter” as they “generate >90% of 2023 iCasino GGR, is so clear that we struggle to see how, but not necessarily why, one could reach a different conclusion”.

 

In the past year and relative to 2019, the performance of B&M casinos in iCasino states is +0.6% compared with +11.7% for B&M-only states. The issue also fits into broader debates around whether (poorly-drafted) regulations push players towards illegal operators.  

 

Without doubt it will reappear in France in the coming months and observers will also note issues like the different age groups that online and offline casinos attract. And with PMU joining AFJEL this week, stakeholders will be gearing up for some serious discussions on all these topics.

 

 



Let's push in the same direction, progress (II) 

How important are slots for a casino?

think about it

 

On October 3, 2023, Coljuegos committed to evacuate the processes that were dammed, with the deadline being the 26th of the same month, something that did not happen and as of today, February 27, 2024, has not been achieved due to multiple factors, which They are not attributable to the operators.

 

 

What has hindered the bulk of the procedures is the updating of documents that rest in the folders of each of the contracts and that the analysts judiciously review, which is the duty, but which overflows with requirements for the operator to submit documents that are repeatedly last minute before the contract expires, understanding that the person who could issue them may be another state entity that has specific processes and times making their prompt achievement impossible. Added to the above is the inexperience of the analysts themselves, who despite the ISO 9001 certification granted to Coljuegos did not have the knowledge transferred adequately and must consult the Legal Department that decides at its own discretion the interpretation of the lack and which falls into outbursts most of the time.

 

In the third two months of 2022, an Internal Quality Audit by Bureau Veritas certified the 16 Coljuegos leaders from the areas involved who participated under the MIPG model - Integrated Planning and Management Model - many of whom are no longer in the entity, But this does not prevent user management from being traumatized given that the ISO 9001 standard ensures the continuity of processes, the application of which is currently non-existent and does not allow discussion.

 

Trust and efficiency are my proposal, and it is not something capricious.”

 

 

Trust: if there is seniority in the contracts, if the operator has a track record of decades, why not give the opportunity to receive approval or renewal of the contract, adding an additional yes where a reasonable time is given to correct the novelty? This term, equivalent to the delay in which the processes are, this is not the panacea but it unlocks the bottleneck, thus achieving efficiency, which inevitably generates progress, improving the management indicators that will be reflected in the performance report. accountability and in the upcoming re-certification of ISO 9001 for Coljuegos.

 

Let's push to the same side,

think about it …

 

German+



Let's push in the same direction, progress. 

How important are slots for a casino?

Today I take the time to greet the Games of Luck and Chance industry in this new year, with the affection that I share with all those who are part of it.

 

 

For none of us who are an active part of this industry it is a secret that the slowness that has been generated in the approval of permits by the legal department of Coljuegos is collapsing the normal development of localized Games, affecting money flows in all directions. , affecting in turn the relationship of operators with their respective municipalities, of the supplier companies with the operators, of the operators with Coljuegos, of the operators with the DIAN, and thus there are many other angles that could be covered following the flow of the money and relations between the sector.

 

In the previous paragraph the noun: operator is the constant, which is not due to a coincidence or grammatical adjustment, they are those who are in a complicated and fragile position in the results chain of the tax pyramid and the reason for being of entities like Coljuegos , but those who have lost support, encouragement and attention in the current administration.

 

 

I agree that as part of the improvement processes between regulator and industry, methodologies that continue a previously established course are adjusted, which is not the case of the current situation which conflicts with the principles of state efficiency as a precursor to development. whatever the area in which it has influence.

 

Tradition and respect are the basis of every commercial relationship and this, taxation, cannot be the exception; Acquired rights and contracts that have been honored five years after five years should not be ignored and treated with “worthy distrust” as if an attempted fraud was forged by a partner who has been in a business relationship for 10 or more years from which the state has He has always been a winner and has never lost, this being not the case of the associate.

 

I was reviewing the figures until January 2024 and like any survey or study, the result depends on the indicators that are tabulated. Coljuegos' income is increasing, but not the number of contracts or the number of MET's in service and transmitting; The increase in collection is easy to explain: the operators are honoring their contracts - even if they are not renewed - so as not to lose the investment - which goes without saying - and they are fulfilling them at a high cost, holding on with closed casinos and staff plus other taxes. and expenses that also need to be explained; BUT at some point, the cessation of payments will affect health care collections, which will only be reflected in the next administration, after the current one is gone.

 

To close this column, I can think of a phrase that we publish in the space we have on Saturdays in our WhatsApp accounts and that, to our satisfaction, has become a trend on social networks for a few years: “I preferred to leave my mark, and not scar" … think about it

 

German+



Chinese New Year, bets for this year of the dragon. 

How important are slots for a casino?

The origins of the lunar calendar may go back to the dawn of Chinese civilization, traditionally associated with the legendary Xia dynasty, said to have ruled from 2070 to 1600 B.C. The origins of the Lunar New Year celebrations are also not entirely clear; some scholars believe they likely go back to the rule of the Shang dynasty, which lasted from 1600 to 1050 B.C.

 

 

The Lunar New Year usually starts sometime between late January and mid-February. In mainland China, official celebrations last for seven days as a public holiday. This Lunar New Year, which falls on Feb. 10, is the Year of the Dragon.

 

At its core, the Lunar New Year is a celebration that brings the family together. Preparations start a week in advance and include cleaning and decorating the home, as well as shopping, especially for gifts and provisions, and food preparation.

 

A central event is the family dinner on the eve of the new year. The choice of dishes varies, reflecting family customs and local culinary traditions. Often it includes dumplings, spring rolls, cakes, fish and pork dishes. There is also a fair amount of drinking, especially traditional wines or liquor. Many of the dishes are assigned symbolic meanings. For instance, dumplings are given the shape of gold ingots to invoke good fortune.

 

Other customs associated with Lunar New Year celebrations include the giving of red envelopes containing money, usually by elders to younger members of the family. The red color, which is also featured prominently in Lunar New Year decorations, symbolizes prosperity and good fortune.

 

Traditionally, families and local communities burn firecrackers to mark the new year and ward off monsters. According to legend, the origin of the practice goes back to a story about a monster called Nian, who is believed to have been causing great harm to some villages. In response, the villagers are said to have set off explosions to scare off the monster, and the practice caught on. However, more recently the Chinese government has been cracking down on this traditional practice on the grounds of its being dangerous and polluting.

 

Traditionally, the dragon is an auspicious symbol of strength and power. It is also associated with good fortune, wisdom, success, protection and masculinity. In pre-modern China, it was associated with imperial rule and was prominently featured on the first Chinese flag, initially instituted by the Qing dynasty in 1862. To this day, a dragon image is often used to symbolize China itself.

 

Because of the dragon’s auspicious associations, dragon years tend to bring upticks in fertility rates. Considering China’s current shrinking population and deepening fertility crisis, some are expressing hope for a baby boom during the coming year, as certain parents may be motivated to bring dragon children into the world.

 

According to the Chinese zodiac signs, each year in the lunar cycle is associated with a particular animal. This is a 12-year cycle that repeats itself. Thus, there are 12 animals, each associated with a year in the cycle: rat, ox, tiger, rabbit, dragon, snake, horse, goat, monkey, rooster, dog and pig.

 

Among the popular myths about the origins of the Chinese zodiac is one about a great race initiated by the Jade Emperor, the ruler of heaven, in order to measure time. As the rat won the race, it came to be listed first among the 12 animals of the zodiac. The order of the other 11 animals reflected their final position in the race. Each of the 12 zodiac animals came to represent certain characteristics believed to shape the personalities of individuals born in those years, with the dragon often considered to be the most auspicious of all.

 

While the Lunar New Year is generally centered on the theme of family bonding, religious observances are also an integral part of the festivities. These include domestic rituals associated with popular Chinese deities, such as the Kitchen God and the God of Wealth. Family members also make offerings and engage in other rituals related to ancestor worship. Commonly, these include food offerings and the burning of incense at home altars.

 

During this period, many people go to Buddhist or Taoist temples, as well as other places of worship. They engage in traditional forms of piety, including offering incense and praying for good luck and fortune.

 

A modern element in ushering in the Lunar New Year is watching the New Year’s Gala, a popular variety show that features singing, dancing, comedy and drama. It first aired in 1983, and ever since it has been broadcast countrywide by CCTV, the national TV broadcaster. It is the most-watched television program in the world, with an audience that can reach as many as 700 million viewers.

 

In recent decades, China has experienced drastic demographic changes, especially the migration of large rural populations into big urban centers.

 

Additionally, China’s one-child policy has had far-reaching effects on family structures and, consequently, on traditional customs and observances. Millions of rural children are living with their grandparents or relatives while their parents work in faraway cities. As a result, the Lunar New Year brings about the largest human migration in the world, as students and migrant workers do their best to get back to their families.

 

During this period, trains, buses and planes are packed with travelers, and tickets must be booked well in advance. That still remains the case this year, despite China’s gloomy economic outlook.


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