Monthly Archives: April 2022

Maintaining Your Gambling Budget – Playing it Smart in Online Casinos

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 토토사이트

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.

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.

 

EuroGrand Casino Info and Useful Tips

When you’re first starting with online casinos things can get very confusing, and picking your online casino can be even more confusing. Between getting the best deal, and the best service, there’s a lot to take into consideration when looking for an online casino to join. If you’re looking for a casino that delivers and meets all your needs, and ensures that you get the best deal possible then you should consider joining EuroGrand Casino.

Download and Play – It’s That Easy

Many casinos are run in internet browsers without downloads. While this may provide a quicker way to get started, it also gives very long loading times, and frequent crashes, which is unacceptable when playing a casino styled game. With Euro Grand all you have to do is download their casino client and begin playing all their games.

Euro Grand’s download also allows you to start playing without having to visit any websites. Just click on the icon in your desktop and start playing – it’s that easy. The file is relatively small and can be downloaded by people even on slower connections. sm카지노

Easy To Deposit

Euro Grand Casino makes it very easy to deposit money into your casino account. Whether you prefer to pay with a credit card, with a check, or with cash Euro Grand will allow you to pick whichever form of payment you want to use to play.

Not only will you be able to use almost any source of funding for your account, but it’s also super simple to setup funding you’re your account. All you have to do is fill out on short form, and if you’re paying with cash print out a form to send in. It’s that easy – No hassle whatsoever.

Several Promotions to Keep it Exciting

Unlike most casinos, Euro Grand also has several promotions running at once. Promotions that can win your money and promotions that just make things a little more interesting for you to play. For example, one promotion currently available to new players is the Welcoming Promotion. When you make a deposit of £4,000 or more you’ll get a free £1,000.

Another awesome promotion going on right now is the Friend invitation promotion. For every friend that you invite and join the casino you get a free £50, and you can get as many friends to join as you’d like. This gives you the opportunity to make some serious money.

 

Going the Online Way to Play Casino Games

Online casino games have been attracting a huge number of players these days. Even women are no exception to it. This has created a big competition in the online casino industry. If you are thinking about creating an online gambling site, then you need to focus on the design part as that helps in drawing major traffic.

Your website has to be unique so that more number of people visit your site to play various online casino and gambling games. Your casino site must look bright and colorful. The sites that use dark colors do not fetch traffic. However, if you have a site that uses very bright colors, it helps in keeping the players on with it.

You need to use those colors that are flashy giving the gambler the feeling of a real casino parlor. The more real your online casino site looks, the better are your chances to beat your competitors. For color selection, you can take help from people who have already been operating successful online casino sites. เว็บตรงสล็อต

Not only the colors, but you need to create an easy to use interface. A large number of people play online casino games everyday. Not only the experts, there are also many novice players who try their hands into the game. It is therefore very important that you make your site user friendly.

Your site should be designed in such a way so that one can easily navigate it to play their favorite casino games online. You need to concentrate on this part to make it more popular with the users visiting your site. Also important is the selection of games.

Your online gambling and casino website should have those games that are popular with the online gambling players. One of the best ways to know about the popular games is visiting various online casino sites and check out what kind of games they offer to the players.

If you want to be ahead in the competition, you can also offer games that you think will be able to draw a great deal of traffic to your site. The more number of games your website will offer, the more are your chances of making profit. For design ideas, you can browse the internet to get excellent tips on it. Create your own website today. Make sure to upgrade it on a frequent basis to be at par with your competitors

 

What Online Casino Bonuses Are Available For You?

Today you’ll find that online casinos have become quite popular with gamblers. In fact, there are a variety of great online sites that will let you gamble right on your home computer today. Now you don’t have to go out and drive to a casino, but you can easily access online casinos from your own home. Visiting casinos online is a wonderful way that you can make money and have fun, all at the same time. Of course one of the ways that you can earn is by earning the bonuses that most online casinos today are offering.

Enjoy Gambling on Your Computer
One of the main benefits of going to online casinos is that they provide you all the great excitement and adventure of a casino right on your computer. There are even some people who have a lot more fun when they are gambling online. You don’t have to go out again after a long day of work to enjoy gambling. Just start up your computer, get online, find a great casino online, and you’re in business. All of your favorite games are at these sites, so you can play your old favorites and work on winning a stash. 百家樂

Many Online Casinos Provide Excellent Bonuses
Since there are so many different online casinos on the web today, you’ll find that the competition between online sites are very tough. People from around the world come to these sites, so every casino on the web is working hard to get new gamblers. For this reason, most of them actually offer bonuses when you sign up. The bonuses can be small in some cases, from about $25-50, but they can go all the way up to several hundred dollars. Usually in order to claim the bonus you’ll have to deposit some of your own money and you’ll have to play quite a bit before you can withdraw the bonus money that is offered to you.

Get the Bonus…and Keep It
A couple of years ago you used to be able to actually just claim your bonus and walk away, but today the online casinos have learned this trick and they now require that you do so much gambling if you want the bonus money. So, you’ll have to really spend a bit of time out there gambling in order to claim your bonus and keep it. Getting that bonus money is your goal, and if you want to make sure that you meet the goal, the Casino Cash Cow guide is an excellent guide for the online casino that will enable you to earn the cash you need from these bonuses.

Although these online casinos on the web can provide excellent bonuses, you’ll need to learn how you can actually keep them. With the advice from the Casino Cash Cow, you’ll be able to make sure that you collect your bonus every time.

 

Slot Machines – Brief History

Mention of the word ‘casino’ conjures images of risk and great risk taking in many peoples’ minds. Indeed, there are people who would very much like to participate in the various games that casinos offer to the patrons, but who are put off by the risk inherent in so doing.

Typical online casinos, for instance, usually require the patrons to deposit a given amount of money (referred to in most circles as the ‘playing deposits’) – from which the casinos are then able to pay the winnings to the lucky players, finance their operations (staff costs, web hosting costs in the case of online casino, and so son), and also to make a profit for their creators, the ‘house owners,’ as it were. https://www.sawan888.net/

The way no deposits casinos work, on the other hand, however is through a system where the players don’t have to deposit any money with the ‘house’ to start playing. Some actually take the no deposit philosophy to another level, where they integrate it with the increasingly popular ‘casino bonus’ system – to come up with what can be termed as a no deposit casino bonus system, in which players have a real chance to get real money out of their playing without having to put anything (besides their effort and time really) into the ‘house.’

The no deposit casino system is not game specific, and most of the no deposit casinos actually offer the whole range of games offered in the other typical casinos that demand deposits off their members, the games in question being anything from roulette to slots, blackjack and poker.

Most no deposit casinos, as indeed all types of casinos, typically don’t allow admission to minors (people under the age of 18), generally for legal reasons.

To be sure, though, the no deposit casino bonus system tends to come with a few catches here and there, and it is important to read and understand the casinos terms and conditions carefully before getting in. For the most part, for instance, no deposit casinos will tend to put a limit to the amount of no deposit bonuses they allow – with some limiting it at as low amounts as $10. However low the amount that the no deposit casino bonus is, though, it is still ‘something for nothing’ and an opportunity to get something for free from the ‘house’ – and that, of itself, is an attractive option.

Someone might ask what the business logic of offering the no deposit casino options is, especially keeping in mind that the casinos are definitely not charities – but highly strategic businesses. The answer to the question of how the zero deposit casinos make their money lies in the understanding of the workings of ‘free samples’ marketing philosophy, where a company that is highly confident about its products offers some free samples to prospective buyers. So in a way of speaking, the no deposit casino bonus are the casino’s version of ‘free samples’ which, should the player get impressed with them, is expected to spur them to register with the casino, and thereby offer the casino the opportunity to make some money, while also giving the player the chance to earn even more money from the casino – depending on their skill and luck.

Poker Games: Home Games vs. Casino Action

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. slot gacor

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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