Live Casinos Are Dying Out–Is The Internet The Culprit?
When it comes to gambling, there is nothing like the rush of adrenaline and elation when the machine starts to flash its lights and ring its bells. It is a sound that an avid gambler hears when visiting live casinos. However, with the introduction of the worldwide internet and online betting, the live gambling industry has taken some financial hits in recent times.
For many people the allure of the bright lights and flashing machines is all that they need to take a trip to New York, Las Vegas, or any other city that hosts live gambling resorts. This tourist and visitor business is the livelihood for many casinos. Without the people to travel to their establishments, these casino owners have seen a steep drop in their profit margins over the recent times. Getting people to make the trip to their casinos seems to be getting harder and harder. There are factors to be investigated as to why this downward trend is happening.
One of the reasons that a number of gambling establishments are filing for bankruptcy lately is the lack of customers to their businesses. The casual traveler today simply does not have the extra resources that they once did to be able to afford such a luxury as gambling. The cost of the necessities such as lodging, transportation, and food has caused a drop in casino revenue. People need their cash to cover their basic living needs when on vacation. These travelers have little to no extra money to take with them to the casino.
Another reason that the live casinos are seeing a drop in their profit margin is the introduction of the internet and online gambling. There is no comparison to having a casino experience right from your home office, couch, or any other place that your electronic device will allow you to connect to the gambling sites. Many people find that it is more enjoyable for them to be able to stay at home in their comfortable environment and play their favorite gambling games at any time that they wish. There is no need to drive to a venue, deal with outside noise and people, or even get out of your pajamas if you do not want to. This concept is very appealing to a large section of the gambling world. With more people choosing to stay indoors to scratch their gambling itch, it is no wonder that casinos in both New York and Las Vegas are loosing profit and closing their doors.
Although the gambling industry is a multi-billion dollar industry, many casinos have had to face bankruptcy in recent times. The changes in the demographic of the gambler has gone from a wandering chance taker, to a mobile and spontaneous gamer and gambler. For those who truly love to gamble, the appeal of avoiding annoyances in the live casinos has seen a devastating drop in profit for the live casino owners. For the tech savvy gambler, there is a newfound freedom from home.