Gamblers Shifting from Cash to Pennies

It is not the Las Vegas casinos alone that is feeling the brunt of the recession, but the Southern California’s tribal casinos as well.  Now, their gamblers pinch pennies, instead of shelling out cash.  The gamblers that wait at the high-stakes tables have dwindled, but the gamblers who are waiting for their turn at the slot machines have increased.

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Americans Spend More than a Billion Dollars on Gambling

Gambling can be likened to a vampire that is out to suck the blood dry off a human, but instead of blood, it will drain the money out of the gamblers’ pockets.

Reports show that gamblers from the United States put more than a hundred billion dollars on gambling alone, either in playing at online and offline casinos as well as in lottery tickets.  But the sad thing is that this net value is only from legal gambling, and not counting the cash placed into illegal gambling. Read more

When Promotions Go Bad in Casinos

The effects of the recession is very much palpable in many casinos right now, with Las Vegas really feeling its hard bite.  Because of this, casino operators are learning how to tighten their belts and really think out of the box to compensate for the revenues they lost due to the recession, but sometimes, they make decisions that drive away loyal customers, instead of enticing them to play more. Read more