I’ve been trying to answer the question, “Why are slot hold percentages generally increasing” and have come to the conclusion that player preference for high-hold, low-denom games is a major factor. Finishing up a paper on the question, I thought I’d share some raw data: Between 2000 and 2003, the Gaming Control Board didn’t list […]
Penny slots most profitable in 09 Read More »
news about gamblingThe Nevada gaming revenue figures for October have been released, and they don’t look promising. From the LVRJ: Nevada gaming revenues hit a new low in October. Statewide gaming revenues were $800.3 million, the lowest monthly figure in almost six years. The decline was 11.6 percent compared with $904.9 million reported a year ago. October
Thoughts on October Revenues Read More »
news about gamblingIs the law of supply and demand catching up with casino hotels in Las Vegas? Binion’s hotel downtown is closing, which may be a sign of things to come if casinos aren’t able to raise their room rates and/or maintain high occupancy. From the LV Sun: Binion’s Gambling Hall & Hotel in downtown Las Vegas
An alternative to low room rates? Read More »
news about gamblingThe big talk at G2E has been the recession. Last year, it was how to fight it. This year, it’s how to survive it. Anyone else get the sense that we’re living in an age of rapidly diminishing expectations? Here’s a bit from the story from the LV Sun: The recession is forcing Las Vegas
Recession evolution Read More »
news about gamblingI’ve heard many projections out there about the potential size of an American online poker market. I’ve yet to see a peer-review study that addresses the question, and most of them are mysterious when it comes to their methodology. Earlier this week while talking to a reporter, I gave my own attempt at finding the
Total American poker revenue guestimate Read More »
news about gamblingAs you may know, I’ve been immersed in a mammoth study of Nevada casino slots’ hold percentages. It’s driven by the question: “Does raising hold percentage actually decrease play?” That would seem to be the intuitive answer. If people get less value for their dollar (assuming that value=time on device), then they will be less
Higher hold=less play? Read More »
news about gamblingI’ve got a new column in the LVBP, about the dubious morality (and even more dubious economics) of many states that legalize gambling: There's a paradox here: Many states legalize gambling only to bring in revenue in lieu of raising taxes. When their citizens can't generate the kind of tax revenues state governments can't do
Morality, economics, and gambling expansion Read More »
news about gamblingMy comments on the recent Harrah’s purchase in the LVRJ were a combined Planet Hollywood/Ohio racetrack thought: David Schwartz, director of the University of Nevada, Las Vegas' Gaming Research Center, said that the “common sense and intuitive response” would seem to be to ask why a company carrying $19.3 billion in debt is “buying more
Thoughts on Harrah’s “spree” Read More »
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