Archives May 2022

Macau Travel – A Night at the Casino

There are two known versions of roulette – the European and the American – which you can play on any online casino but it must be noted that the game started in France and was known as small wheel back then. However, the real thrill happens when you take part in roulette that has a live dealer. You do not have to depend on randomly generated numbers because you can simply watch the real croupier or dealer turn the wheel.

Now there is a gorgeous looking lass who could just captivate you whilst conducting the show of live roulette online. Since the numbers are genuine, you can be assured of the credibility of the outcomes. With numbers generated randomly, players were wondering whether the happenings were real because the whole thing seemed virtual and not realistic. Playing with a webcam allows you to be viewed online and you may also be able to view other players whilst they take part in the game. สูตรสล็อต

With a live dealer of roulette on the screen, the game looks as though it were done inside a real venue of casino. Roulette is a hot fave at all land based casinos anywhere in the world and it is one of the most amazing games being patronized by a huge group of people. However, you would not like to go to a land based casino each time you feel like playing roulette because driving to the venue and finding your place at the venue are both irksome tasks.

Flexibility and Ease

Generally, land based casinos are smoky areas wherein one must put on a fancy decent dress unlike an online casino. It is this inconvenience that makes many players – newcomers and seasoned pros alike – switch to the comforts of playing online and experience the lifelike action. Since you can actually see the realistic action such as a true wheel spinning and the live dealer right before your eyes, there is no way you would be wanting to leave your room.

This amazing thrill lures a lot of people from different parts of the world to join live dealer roulette, instead of going to a land based casino. Payouts are real and the outcome is just trustworthy; hence, anybody can be more assured when going for a live dealer roulette than when going to a land based casino.

Discover how you can stop losing and start winning at the casinos…

Online Poker Rooms and Casinos Look for International Gamers

The Proper Care & Feeding of the Golden Goose

Under the new paradigm of declining economic conditions across a broad spectrum of consumer spending, casinos face a unique challenge in addressing how they both maintain profitability while also remaining competitive. These factors are further complicated within the commercial gaming sector with increasing tax rates, and within the Indian gaming sector by self imposed contributions to tribal general funds, and/or per capita distributions, in addition to a growing trend in state imposed fees.

Determining how much to “render unto Caesar,” while reserving the requisite funds to maintain market share, grow market penetration and improve profitability, is a daunting task that must be well planned and executed.

It is within this context and the author’s perspective that includes time and grade hands-on experience in the development and management of these types of investments, that this article relates ways in which to plan and prioritize a casino reinvestment strategy.

Cooked Goose

Although it would seem axiomatic not to cook the goose that lays the golden eggs, it is amazing how little thought is oft times given to its on-going proper care and feeding. With the advent of a new casino, developers/tribal councils, investors & financiers are rightfully anxious to reap the rewards and there is a tendency not to allocate a sufficient amount of the profits towards asset maintenance & enhancement. Thereby begging the question of just how much of the profits should be allocated to reinvestment, and towards what goals.

Inasmuch as each project has its own particular set of circumstances, there are no hard and fast rules. For the most part, many of the major commercial casino operators do not distribute net profits as dividends to their stockholders, but rather reinvest them in improvements to their existing venues while also seeking new locations. Some of these programs are also funded through additional debt instruments and/or equity stock offerings. The lowered tax rates on corporate dividends will likely shift the emphasis of these financing methods, while still maintaining the core business prudence of on-going reinvestment.
Profit Allocation

As a group, and prior to the current economic conditions, the publicly held companies had a net profit ratio (earnings before income taxes & depreciation) that averages 25% of income after deduction of the gross revenue taxes and interest payments. On average, almost two thirds of the remaining profits are utilized for reinvestment and asset replacement.

Casino operations in low gross gaming tax rate jurisdictions are more readily able to reinvest in their properties, thereby further enhancing revenues that will eventually benefit the tax base. New Jersey is a good example, as it mandates certain reinvestment allocations, as a revenue stimulant. Other states, such as Illinois and Indiana with higher effective rates, run the risk of reducing reinvestment that may eventually erode the ability of the casinos to grow market demand penetrations, especially as neighboring states become more competitive. Moreover, effective management can generate higher available profit for reinvestment, stemming from both efficient operations and favorable borrowing & equity offerings.

How a casino enterprise decides to allocate its casino profits is a critical element in determining its long-term viability, and should be an integral aspect of the initial development strategy. While short term loan amortization/debt prepayment programs may at first seem desirable so as to quickly come out from under the obligation, they can also sharply reduce the ability to reinvest/expand on a timely basis. This is also true for any profit distribution, whether to investors or in the case of Indian gaming projects, distributions to a tribe’s general fund for infrastructure/per capita payments.

Moreover, many lenders make the mistake of requiring excessive debt service reserves and place restrictions on reinvestment or further leverage which can seriously limit a given project’s ability to maintain its competitiveness and/or meet available opportunities.

Whereas we are not advocating that all profits be plowed-back into the operation, we are encouraging the consideration of an allocation program that takes into account the “real” costs of maintaining the asset and maximizing its impact.

Establishing Priorities

There are three essential areas of capital allocation that should be considered, as shown below and in order of priority.

  1. Maintenance and Replacement
    2. Cost Savings
    3. Revenue Enhancement/Growth

The first two priorities are easy enough to appreciate, in that they have a direct affect on maintaining market positioning and improving profitability, whereas, the third is somewhat problematical in that it has more of an indirect affect that requires an understanding of the market dynamics and greater investment risk. All aspects that are herewith further discussed.

Maintenance & Replacement

Maintenance & Replacement provisions should be a regular function of the casino’s annual budget, which represents a fixed reserve based on the projected replacement costs of furniture, fixture, equipment, building, systems and landscaping. Too often however we see annual wish lists that bear no relationship to the actual wear & tear of these items. It is therefore important to actually schedule the replacement cycle, allocating funds that do not necessarily have to actually be incurred in the year of accrual. During a start-up period it may not seem necessary to spend any money on replacement of brand new assets, however by accruing amounts to be reserved for their eventual recycling will avoid having to scurry for the funds when they are most needed.

One area of special consideration is slot machines, whose replacement cycle has been shortening of late, as newer games & technologies are developing at a much higher rate, and as the competition dictates.

Cost Savings

Investment in cost savings programs & systems are, by their very nature and if adequately researched a less risky use of profit allocation funding then almost any other investment. These items can often take the form of new energy saving systems, labor saving products, more efficient purchasing intermediation, and interest reductions.

These items have their caveats, one of which is to thoroughly analyze their touted savings against your own particular application, as often times the product claims are exaggerated. Lease buy-outs and long term debt prepayments can sometimes be advantageous, especially when the obligations were entered into during the development stage when equity funds may have been limited. In these cases it is important to look at this strategy’s net effect on the bottom line, in comparison with alternative uses of the monies for revenue enhancing/growth investments.

One recent trend is the growing popularity of cash-less slot systems, which not only provide labor savings for fills, counts and hand-pays, but also serve as an aid to patrons who do not like to lug around those cumbersome coin buckets, while also encouraging multiple game usage.
Revenue Enhancing & Growth

Leveraging is the key catalyst of any revenue enhancing/growth related investment. It includes the following:

o Patronage Base
o Available Funds
o Lands
o Marketing Clout
o Management Experience

The principal is to leverage the use of the available asset towards achieving higher revenues & profitability. Typical examples include increasing average patronage base spending and widening the effective trading radius, by offering additional products/services, such as retail stores, entertainment alternatives, recreational/leisure amenities, overnight accommodations, more restaurant choices, and of course, expanded gaming.

Master Planning

Anticipation of potential growth and expansion should be fully integrated into the project’s initial master planning so as it assure cohesive integration of the possible elements in a phased-in program, while also allowing for the least amount of operational interruption. Unfortunately, it’s not always possible to anticipate market changes, so expansion alternatives must be carefully considered.

The Big Picture

Before embarking on any type of expansion and/or enhancement program we strongly recommend first stepping back and assessing the property’s present positioning relative to the market and competitive environment. As we have observed in numerous gaming jurisdictions around the country, often casino ventures that have been operating “fat and happy” for a few years, find themselves in a zero-growth period. Sometimes this is due to competition stemming from either/both new local area casinos or regional venues that have the affect of reducing patronage from peripheral area markets. Additionally, the current customer base may become bored with their experience and are seeking greener pastures. The historical growth of the Las Vegas strip is testament to the success of continually “reinventing” oneself. 메이저놀이터

Our approach to these market studies is initially focused on determining the degree to which the current facility is penetrating the potential market and in relationship to any competitive market shares. Typically, this represents an analysis of the current patronage base in terms of information gleaned from the player tracking data base, and mailing lists, coupled with day-part, daily, weekly, monthly and seasonal revenue trends.

This data is then interfaced with an assessment of the overall market potential to indicate the extent to which certain market segments are utilizing the facility and the needs it is fulfilling. More importantly however, is that this type of analysis will indicate those market segments that are not utilizing the facility more fully, and why.

 

How to Win at Slots Completely Explained

Among various methods of gambling, online casino gambling has become a trend lately. These online casinos are known by several names such as Internet casino, virtual casino etc. The concept of online casino is the same as that of land based casinos. The main advantage of online casino gambling over traditional land based gambling is that it can be done at any hour from any corner of the world. Online casinos give enormous opportunities to gamers to play and earn huge amount of profits. Most of the casinos offer high payback percentages and that is the most lucrative aspect of online casinos.

There are a couple of casinos that make tall promises in terms of unbelievably high payback percentages in regard to slot machine games like poker. There are also a few casinos that use a well programmed random number generator. In such casinos, table games usually have a preset house edge. The payout percentage is fixed and is decided according to rules of the game.

Online casinos can be broadly classified into three categories namely web based online casino, live based casino and lastly download based online casino. Web based casinos allow gamers to play their favourite games without even downloading the specialised software. Games are played either through HTML interface or browser plugins such as Macromedia Shockwave and Macromedia Flash. Download-based online casinos, on the other hand, have a mandatory requirement to download the software. In fact, you cannot start playing unless and until you download this software. Live casinos provide live gaming environment to its players that makes the game more enjoyable.

Gamers playing at online casinos usually never leave the casino without earning profits. Reward can be in cash or kind. Every time, it is not necessary that you will get handsome cash. Sometimes, you don’t get cash at all but you get an opportunity to win exciting jackpots and several kinds of bonuses. There are bonuses on new sign-ups. Most of the online casinos require you to pay a certain amount before allowing you to try your luck in online casino gambling. สล็อต666คาสิโนออนไลน์

There are some online gambling casinos that provide its gamers with cash back bonus in which you get back a specific portion of the total amount you lost in the game. Online gaming offers an average gamer numerous opportunities to multiply his/her income by several times. There are lots of lucrative casino bonuses that include instant cash bonus, sign up bonus, no deposit casino bonus and many more. The best part about online casino gambling is that without investing even a single penny, you can become rich overnight. There are many casinos that allow you to play for free. In fact, for opening account, the casino gives free bonus; that is more than what one could hope for. Monthly bonuses have also become a part of strategy of most of the online casinos to entice visitors. But that is an added advantage. So, who wouldn’t mind receiving a certain amount of money every month?

What most of the gamblers do is they don’t make any investment to play games at online casino. They simply use the bonus amount to gamble and win further prizes. So many gamblers have become millionaires within a short span of time. All this has been possible through online gambling at casino. To conclude, online casino gambling is believed to be one of the quickest and most lucrative means of earning money.

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