 Land Based
Casinos Losing Revenues in the United States
There have been
reports released lately that have implied that many land based
casinos have been shut down as a result of the success of online
casinos. Online casinos have been growing in annual rates and
their success this past year has left people shocked and has
made people not sure how to come across this issue. A report
done in the last month has shown that New Jersey has had to shut
down casinos as a result of the success of online casinos. New
Jersey has also experienced further problems as the city has
made one of its casinos shut down for a three day period. The
shut down of this casino has implied that they have had further
financial loss as everyday of the casino closed equals to
millions of dollars not being revenue.
New Jersey is just an example of the fate of land based casinos
in the past month. Las Vegas has not reported any major losses,
but more low scale casinos such as Atlantic City's and Idaho's
casinos have been feeling the impact. The non-smoking law that
has been passed in Canada has also caused casinos to take a
downfall as many people who are smokers were motivated to go to
casinos for the sole purpose of smoking. Now that the law has
been passed, casinos in cities such as Aurelia and Niagara Falls
have been affected.
This is an interesting concept as online casinos are illegal to
game in from the US and from Canada. To imply that revenue has
been lost in land based casinos as a result of online casinos
suggests that an illegal activity is being done. Legislators are
interested in finding a way to deter players from gaming in
online casinos and returning to the legal casinos that are often
located in North America on Native Reserves.
Much success for online casinos has also been attributed to its
features of poker rooms and sports betting sites. There are
online casinos that provide land based casino games but other
online casinos provide games that are more in the realm of
private: such as poker, sports betting and even bingo.
Basically, online casinos have shown that they are willing to
adapt to het the largest market and that is one of the
advantages they have over land based casinos and thus, why they
are doing so well. Staying in tune with online sports betting
sites, it is also necessary to mention that the World Cup has
generated millions of dollars in online casinos bets and the
online casinos sports sites have taken over the land form
playing of sports betting. In a survey done on the matter,
figures showed that 70% of people would rather game online then
in land based casinos. This means that all the games included in
online casinos and in land based casinos are veered more popular
in online casinos. It seems that online casinos are getting
really popular.
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