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Is Online Gaming a Done Deal in PA?

by Joanna DeChellis, Contributing Editor |

Seven trending gaming industry stories that will impact your casino Revenue Strategy.

1. Online Gaming is a Sure Bet in PA

The gaming landscape in Pennsylvania — the state second only to Nevada in commercial casino revenue—is about to shift significantly as legalized online casino gaming, daily fantasy sports betting and online lottery sales are about to be approved by the state.

“The main question appears to be whether other expansions of legalized gambling are in store,” reports The Tribune-Review. “Satellite casinos, airport gaming areas, skill-based gaming and even sports betting are being considered.”

Full Story at The Tribune-Review.

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2. Tribal Gaming Revenues on the Rise

According to the National Indian Gaming Commission, revenue for U.S. tribal casinos is up 4.4% to $31.2 billion compared to just 1.1% for commercial casinos. Jonodev O. Chaudhuri, Chairman of NIGA, speculates the growth is a result of self-determination policies that tribal casinos have been enforcing and the fact that casinos play a very important role in local economies.

“Even though tribal casinos generated some $8 billion less in revenue than commercial casinos, their revenue is growing at a faster rate,” reports Casinopedia.

Full story at Casinopedia.

3. Want to Be as Successful as Wynn Resorts? Here’s how.

Thanks in part to its Macau properties, Wynn Resorts’ shares are up 44% over the past six months. But that’s only one of the reasons Wynn is one of the world’s most successful casino operations. Others include how it diversifies its revenue streams — from gaming to rooms to on-property spends.

Full story at The Motley Fool.

4. How Cloud Computing Can Change Casinos

When casinos move their software systems into the cloud, the benefits are vast. Operations move at a much faster speed. Problems can be delivered and solved more quickly. Changes can be made more easily. And vendors can often play the role of IT staff.

“Many casino applications are candidates for a cloud solution,” says Azam Husain, Founder and CEO of Casino Science. “For example, hospitality management, host CRM, and gaming analytics solutions can all be delivered securely over the cloud today. And many casinos have already made significant cloud investments in these areas.”

Full story at Raving Consulting.

5. Macau Casinos Continue Their Winning Streak

In July, gambling revenue in the world’s biggest gambling hub of Macau reached 23 billion patacas ($2.86 billion). That marks an estimated growth between 27 and 30%, reports Reuters.

The past year has been good for Macau with new resorts increasing competition and an increased number of tourists. There are also plans for increased infrastructure development, such as a new ferry terminal near Cotai and a planned light rail service to help increase visitors in the future.

Full story at Reuters.

6. U.S. Casinos Up 2% YOY

June was a good month for U.S. commercial casinos as the industry saw revenue from gambling increase to more than $3.3 billion, according to data compiled by the University of Nevada Las Vegas’ Center for Gaming Research.

Nevada accounted for about 27% of that revenue, while Atlantic City, Illinois, Pennsylvania and Maryland also did quite well.

Full story at Card Player.

7. Racinos are Hot in Ohio

As gambling revenues fell over the past year for Indiana, Pennsylvania and West Virginia, casino gambling in Ohio is in growth mode thanks to the state’s seven slots-only racinos.

The busiest of the racino operations is Northfield’s Hard Rock Racino, where gambling revenue was up $38.2 million in the last 12 months over the same period two years ago, reports Cleveland.com.

“The racinos (in Ohio) have done really well,” said Alan Silver, an assistant professor of restaurant, hotel and tourism at Ohio University who formerly worked in the casino industry. “They have added a lot of amenities. They are in the suburbs. You don’t have to drive very far. They have done a good job with marketing.”

Full story at Cleveland.com.

Related Casino Revenue Strategy Articles

More Competition Coming To The Las Vegas Strip
Wynn Confirms Casinos’ Increased Focus On Non-Gaming Revenue
Gaming Revenue Dips Underscore Importance Of Non-Gaming Revenue

Joanna DeChellis, Contributing Editor

Joanna DeChellis, Contributing Editor

Content Contributor at Duetto
Joanna joined Duetto in May 2015 as a Contributing Editor with more than a decade of writing, editing and graphic design experience for both print and online trade publications. She is passionate about driving content innovation through blogs, e-newsletter and social channels.
Joanna DeChellis, Contributing Editor
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Joanna DeChellis, Contributing Editor

Joanna joined Duetto in May 2015 as a Contributing Editor with more than a decade of writing, editing and graphic design experience for both print and online trade publications. She is passionate about driving content innovation through blogs, e-newsletter and social channels.