Casino Operators Look toward Online GamblingPublished March 19, 2015 by Lee R
The current expansion of online slots is a bellwether of gaming sustainability in the US.
In the struggling US economy, it is hardly a secret that the casino and resorts industry is failing.
Reversed Profit Margins
Increased debts are reversing profit margins for what remains a highly popular industry with a relatively stable and vast global consumership.
Unlike most failing industries or struggling companies, the problem here is not a lack of demand. It is merely the costs of operation of a high profile yet controversial service whose publicity and compliance coasts are soaring.
However, there is one key to the problem that keeps operating costs high: land-based operations. The cost of property, rent, taxes, and advertising continues to rise, while the ability of consumers to pay usage or playing fees is not rising proportionally by any means; in fact, quite the opposite.
Reducing Operating Costs Through Online Gambling
The reasons why the individual consumer's fortunes are sagging is no secret; the problem is it directly and negatively affects the profit margin of land-based casinos. The answer to maintaining profit margins for casinos, like any other business, is thus reducing operating costs.
And that's where the service of online gambling becomes such a major factor. The emergence of online gambling in the US as an ongoing and expanding legalization process has spurred slot companies in particular to augment their operations with online service.
Some slot companies have launched online gambling platforms under the auspices of their own online casino services. Others have hired out previously established online gaming technology providers or forged partnership agreements with independently operating exclusive online gambling companies based primarily in Europe.
Online Slot Indicators
For online slot machines in the US, the numbers remain modest yet are building, with the charge being led by online slot providers such as Royal Vegas Casino, Ruby Fortune Casino and Spin Palace Casino.
State regulation votes and federal interpretation of the Wire Act stand as the most pressing potential barriers to integrated online gambling across America; what is certain is that the financial benefits of online gambling moving forward are the key to sustainability of casinos and gaming customer demand not only in America, but worldwide.