Casinos & income is a topic I examine from a variety of angles including both statistical & financial arguments, offering both a statistical & theoretical grounds upon which to base our opinions on the nature and pulse of an industry that is worldwide, and unbelievably, still expanding.
Looking at the most recent data available, in 2007 alone we have 12 casinos open to American players in the US whose houses are based in the jurisdictions where I reside, Nevada and Atlantic City.
It is my contention, that casinos are not, or rather should not be regulated by governments in the way that land-based casinos are, and because of the relatively low-tax levied on land-based casinos, there is an incentive to spread these casinos throughout the country so that they can be attracting gamblers & residents alike.
And because of the explosion in the number of casinos in recent years, income has followed along with it, with the highest revenues being generated by slot machines, and roulette.
One of the reasons why casinos have not only survived but thrived in this low-tax/low-limit competitive environment is that they have remained aggressively accessible. This starts with the day-trip tradition of going out to Atlantic City or Las Vegas to play at one of the Fortune Lounge Group’s casinos. It continues with the competition for gamblers in casinos like the Venetian in Las Vegas, the Borgata in Atlantic City, the Mirage in Las Vegas, and the Bellagio in Las Vegas, to name a few. In this scenario the primary competition to attract local customers has been reduced and the various casinos have had to rely more and more on a base of tourists from elsewhere in the country & world.
We have learned that casinos profit greatly in Florida, which is not part of the Fortune Lounge Group, because the state of Florida does not impose the same regulatory structure as Nevada and Atlantic City. In other words, a casino in Florida can offer you many more things than a casino in Atlantic City or Las Vegas can offer you – like gambling in exotic places like the Bahamas or the demons of the Sterling range.
I should like to point out that the Florida state supreme court has ruled that the state may have to release certaininformation about the qualifications of a casino operator applying to open a casinoinFlorida. The state supreme court ruled that since the state does not require one of the forms of license application that an owner must apply for to be published in the local newspaper, the information concerning the qualifications of a casino may be published instead. Theological opponents of gambling control may find such information to be, in the Jerry Smithson Manual, ‘ulating’ gamblers as a class with no limits on income.
The FLorIDA dewabet that are open all night resemble the characteristics of big casinos, have many of the games you would expect, offer high limit games, have a large variety of slot machines, have live entertainment, have a good restaurant and comfortable hotel lobby.
The legal restrictions against operating in Florida casinos actually limits the number of casinos open to thirty-two. The legal restrictions against advertising allow the competition for customers to remain largely unscathed. Theilesor bonuses for attracting new customers; the casino promotions took on a different dimension as competition increased, leading eventually to the formation ofwell-compensated, full-time jobs for a substantial percentage of the visitors who are now generating the majority of aager’s income.
All of this makes Florida casinos successfully appealing to gamblers, aager, and visitors alike. In short, if you’re looking for gambling, questionable, legality, or just a little bit of fun, Florida casinos have arrived. And where better to get started than the orange county casinos?