Land Based Gambling Shifting to Online?
16 October 2009
This is a question that land based casinos are asking themselves, especially since Vegas saw revenues drop for the twentieth month in a row.
October 14, 2009 (CAP Newswire) — Bad news disguised as good news? Reports continue that the status of land-based casinos, particularly in U.S. gambling mecca Las Vegas, are continuing to plummet.
In August alone, the casinos dropped 9.3 percent in revenue, representing the 20th straight month of losses. That’s unprecedented in the modern era, and attributable to the current economic recession the the U.S. (and most of the rest of the world) currently finds itself in.
“The Nevada Gaming Control Board reported that monthly revenue for the first two months of the fiscal year that began in July fell nearly 11 percent compared with a year ago,” reports the San Jose Merceury.
For online gambling affiliates, however, this is hardly bad news. It represents in part the shift that modern gamers are taking, away from land-based gaming and on to the Internet. As more people decide to save themselves the expense of travel and accommodation and gamble from the comfort of their own homes, there’s never been a better time to take full advantage of the opportunities in online casino affiliate marketing.
My opinion is it will drop for awhile as people are staying home and playing on their computers, but when it comes to VEGAS, there is no place like it and I believe as the economy grows so will the casino revenue!
15 March 2010Nevada May Clamp Down On Land/Online Gaming Site Relationships
The Nevada gaming Control Board is looking into the possibility of regulating how land based casinos and the non-gambling sides of online gambling sites enter into agreements. If the Board comes to an agreement and makes new regulations affecting this relationship, it could seriously alter or even cut off the money from events such as the World Series of Poker and others. The World Series of Poker is owned by Harrah’s Entertainment.Read full article
02 February 2011Nevada Board Reaches Online Gambling Agreement
With New Jersey just a signature away from intrastate online gambling, California has been trying to get something approved over the last two legislative sessions and Florida now looking closely again at regulating online gambling, it seems the states are now doing what the federal government will not…take advantage of the billions in online gambling revenue that is going to off shore gambling sites.Read full article
10 March 2011Caesars Entertainment and 888 Holding Make Deal
The Nevada Gaming Control Board approved a business relationship between Caesar’s Entertainment Corp. and Cassava Enterprises (Gibraltar) Ltd. and Fordart Ltd.,which are subsidiaries of 888 Holding Company LLC. This is only the second time an approval has been given under the state’s foreign gaming statutes. In 2007 MGM Mirage was approved to conduct its business with Pansy Ho’s company in Macau.Read full article