Archive for May, 2008
Online Casino Gaming
Online casino gaming is one of the fastest growing leisure options in the UK. Here's the ultimate quick-start casino guide……….
What payouts do online casino websites deliver?
Most online casino games at reputable casinos pay out in the 95-99% zone. Naturally, just like any casino venue in the world, this means the 'house has a slight edge', meaning while you can enjoy frequent wins, the casino has a better chance of long term success. Of course, thousands of gamers strike it lucky with massive jackpot wins, while expert gamers have the skill needed to turn the edge in their favour and take money from the casino again and again. The good news is that whatever your gaming level, you'll be able to enjoy hours of gaming with a very modest online casino budget.
What games are available at the best online casino destinations?
Surfing into a premium online casino offers as much choice as walking into the MGM Grand in Las Vegas! If you're looking for pure leisure, hit the online casino parlours and enjoy instant fun and rewards with games such as scratch cards, slot machines, bingo and keno. Crank-up the intensity with easy-play table games such as roulette, or hit the equivalent of downtown Vegas with an array of pokers, blackjacks, craps, baccarat and cutting-edge video poker machines. The latest online casino websites are are packed with new innovations such as multi-player slot contests (guaranteed payouts), auto-skill features and amazingly detailed video slots with big brand themes.
How big are online casino jackpots?
Online casino jackpots can be be quite simply amazing! Just visit some of the leading web casinos and you'll see the facts there before your eyes. Everyday gamers (albeit lucky ones!) have struck gold with progressive jackpots in excess of $700 000.00, mostly on jackpot slot machines such as Major Millions Progressive Jackpot Slot. Most good online casino websites provide daily updates of their latest mid-jackpot level winners – and you'll usually find numerous big winners on a daily basis.
How can online casino gamers beat the casino?
Unless you strike it lucky, playing skill games (and taking the time to learn the strategies) is the only way to genuinely beat the casino in the long-term. Everyone will get hot days when they simply 'can't lose', but becoming a feared online casino gamer takes hours of effort. Games such as slots are not considered skill games, and while they can be played with online casino strategies, most gamers play them for the chance of a jackpot and for pure relaxation and fun. Table games such as poker, craps and blackjack and new innovations such as video poker are generally the games considered 'beatable' and are the focus for serous online casino gamers. However, every level of gamer can easily learn the basics of online casino strategies and gain more enjoyment from the gaming sessions.
Can you play online casino games for free?
Free-play and bonus offers are one of the delights of hitting the latest online casino websites – after all, with no risk attached, you can try out the games and potential strategies while trying to win cash with the casino's money. Bonus games at the best online casino sites generally offer up to 1000.00 in free credits to wager and you can bank hundreds in real cash.
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Gambling – not a recession proof industry after all…
The gambling industry has long been considered immune to the effects of recession but recently, things appear to be taking a turn for the worse. A theory has stood for many years that those who engage in gambling activities such as casinos, lotteries and racetracks will spend more in times of economic difficulty in order to increase their chances of wining much needed money. However, during the last year whilst the value of the dollar has dropped and inflation prices have risen, many casino companies in the US have experienced a sharp decline in revenue.
When a country goes into recession, most individuals and companies are affected in some way. Individuals tighten their spending and seek repairs rather than buying new goods. It was believed that the gambling industry was largely unaffected during a recession. The theory being that during economic decline, many customers keep gambling – or even increase their spending – in a desperate bid to win money when they need it most. This compensates for any decline in gambling amongst those who choose to tighten their belts.
It is a theory which a couple of decades ago would have held true. At a time when gambling in the US was confined to horseracing and a few gambling resorts, demand and participation of gambling remained steady even throughout economic difficulties. However, the industry is different today, far more diverse and unlikely to resist a recession in the same way, if at all.
Nowadays, legal gambling is not restricted to the hardcore gambler but is instead a market open and accessible to millions of mainstream spending Americans. As a result, gambling funds tend to come from the same pocket as all other amenities such as shopping bills and fuel. As the latter increase and people are reaching the end of their credit limit, less money is available to the individual to spend at gambling facilities.
In Atlantic City, every casino has reported a drop in revenue since March this year, in one case, up to a 10 % drop overall compared to the previous year. The steepest drops in revenue have occurred in the first part of this year, with the hardest hit drop of 6.4%. Shares have dropped for casinos including MGM Mirage and Las Vegas Sands Corp, and it has been reported that gamblers are booking shorter stays at Las Vegas Casino resorts and generally spending less, both on entertainment and eating out, as well as the tables.
It is impossible to entirely assign all declines to recent changes in the economy and increased inflation, as there are many other factors to be considered including the smoking ban, more gambling venues and the success of online gambling. However, the decline in revenue witnessed by casinos both in the U.S and U.K act as a reminder to all in the gambling industry that they are a consumer-driven industry and vulnerable to external factors that affect spending.
In light of this, many casinos have begun to take the possibility of future decline very seriously. The MGM Mirage has announced a plan to lay off 400 middle managers in order to save $200 million a year, whilst the Atlantic City Hilton Casino is offering customers the option to pawn gold in return for gambling money.
It seems the myth of the recession-proof gambling industry has been disproved, and during this time of economic difficulty, the gambling industry needs to prepare itself for a potentially rough ride.
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Tags: casino companies, casinos, economic decline, gambling resorts