04/20/15

Resorts Casino Inaugurates Internet Gambling Lounge

Resorts Casino Hotel of Atlantic City opened a state-of-the-art interactive gambling lounge on April 16, 2015 to the delight of its customers. This is the first step of the company in its campaign to become a pioneer in online betting industry within United States. The lounge is spread across a 1000 sq.ft. room and has 22 large interactive screens for gamblers to place their bets. Located off the main casino, the lounge allows gamblers to sign up to open internet betting accounts and fund them with personal accounts. According to Morris Bailey, owner of Resorts Casino Hotel, the patrons can now enjoy both in-person gambling and internet gambling which is not available anywhere else in the state.

Resorts Casino Hotel

Facilities at internet gambling lounge

This initiative was started by the casino to encourage brick and mortar players to become comfortable with online version by making it interesting. Players will be assisted by employees of the casino that will walk them through entire process of setting up accounts on their own smartphones and tablets. Players also have the advantage of depositing their cash at the casino’s cashier counter or feeding it into a currency machine at its kiosk. The games will be available at its website and the promoters are offering complimentary cash slot vouchers and t-shirts along with digital scratch cards to players.

Future plans for gaming lounge

The iGaming platform is compatible with all kinds of smartphones and computer devices and has interactive seating facilities and large touch screens for the guests so they can familiarize themselves with the games available on their platform. Resorts Casino Hotel’s Internet Gambling lounge is a step in the right direction by working with content provider Sportech PLC and NYX Gaming to provide KGM CONNECT online gaming facility. As a part of expanding service offerings to its customers, Resorts Casino Hotel is also partnering with PokerStars to bring their worldwide tournaments to its premises.

03/23/15

Bitcoins Increase Casinos’ Business

In January 2014, the Golden Gate Hotel and Casino and the D Las Vegas Casino, started accepting bitcoins as payment for non-gaming transactions. Since then, the casinos, owned by Derek Stevens, have witnessed a considerable rise in their business and started receiving more patrons from Europe and Asia too. According to Stevens, who did not reveal any numbers, the D has seen more bitcoin transactions compared to the Golden Gate.

New bitcoin ATM

BitcoinsLast year, the D became the first casino to set up a bitcoin ATM to help ease transactions. The ATM, from Robocoin, which could hold more than half a million dollars in cash, has now been replaced by Genmega G6000 machine, though Stevens was not very forthcoming on the causes for the change. Robocoin opened its first bitcoin ATM in a coffee shop in Canada and saw transactions worth a million dollars in its first month.

Currently, bitcoin is accepted in three of the D’s restaurants as well as the front desks of both casinos. Of the three restaurants that accept bitcoins at the D, American Coney Island, which serves classic American cuisine, receives the most number of bitcoin transactions. Stevens commented that a possible reason could be that the restaurant offered lower prices when compared with the other two: the D Grill and Andiamo Italian Steakhouse.

Factors affecting Bitcoin transactions

The value of the virtual currency is notoriously volatile and its price at any given time determines if customers are willing to use it. Stevens also said that the local bitcoin community frequently visits the casinos in support of this method of payment. A technology conference happening in the region also plays an important role in affecting possibly affects the number of transactions taking place for this virtual currency.

02/2/15

A Brief Silver Lining

stock-exchange-screenIt is no secret that the economic climate can have a major impact on the revenues for gaming in virtually every area of the world. Generally, the more additional money people have at their disposal, the greater the revenues for casinos and online gaming organizations. Considering these trends, many analysts are speculating as to whether or not the recent decline in gas prices will translate into better numbers for the gaming industry. It is not just gas lower gas prices that are increasing the potential for wagering as well. Consumer confidence all over the world has been growing as once turbulent markets begin to stabilize.

Losers Becoming Winners

Many regional markets that are being watched in regard to this concern have already started to provide positive data points. In many areas, the gaming industries that have been showing steady declines are already back up by five percent or more. This data is being compared to figures that indicate that average gas prices have already fallen by an estimated two dollars per gallon. Casino owners have also taken note of the recent changes. They cite an increase in consumer spending and greater regularity and enthusiasm in occasional, low-end players.

The Forces Driving the Action

According to many economic analysts such as those employed by the Morgan Stanley research teams, 2015 has the potential to be a consumer-driven year that will be the strongest on record since 2006. Among the variables in favor of strong economic conditions are increased liquidity, a rise in the market value of homes, and increases in most industry wages. While casinos and other forms of wagering can count on the trend for some additional profits over the next year, analysts warn that upswings such as this do not indicate endless, additional resources. Instead, it is much more likely that the growth will be short-lived, indicating a broader upturn in economic prosperity that will take place over decades.