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Cash Out Handling money may become a thing of the past, thanks largely to the coronavirus pandemic. Produced by Reed Exhibitions. This is the logic that gets us from European roulette with a single zero and a 2. Produced by Spectrum Gaming Group. The question that seems to be asked is whether raising a price here will result in increased profitability in the short term; the question that seems to be overlooked is the extent to which doing so will damage your brand in the long run, and if there might be a less hideous way to go about raising prices. Contact wayne. For more information, visit EastCoastGamingCongress. The likelihood is that we are pricing out the low end of Las Vegas visitors and stunting growth in the process; and the likelihood is that we are also stunting gambling volume because the house advantage keeps climbing, and because there are fewer and fewer games for non-idiot gamblers to play at reasonable stakes. For more information, visit G2EAsiaMacau. As I have argued many times before, what needs to happen on the gambling front is that in addition to finding practical ways to drive down the stakes for example, with the use of electronic table games , the gaming industry needs to find ways to drive down the house advantage—at least under theoretically optimal play—in order to broaden the appeal of the casino floor. When blackjack was beatable, there was a reason to read strategy guides, and room for a subculture of non-idiot casino gamblers to develop. The problem is, none of those things are true anymore. Produced by KnowNow. Produced by Esports Insider. This in turn has led to the probability that we are unwittingly pricing out the more populous, lower end of the Las Vegas visitor market and stunting visitor growth outright. Meanwhile, the fast-growing Las Vegas convention business posted a decline in attendance for the first time since But the lack of low-end casino hotel supply on the Strip is not the entirety of the Strip value problem. I do have high hopes for Fremont Street Downtown, which over the course of this current decade has turned into a happening place, though perhaps not yet a legitimate alternative for those who once might have stayed on the Strip. Casino Marketing—Art or Science? Produced by PAGE. The outbreak of the Coronavirus has had a major impact on the gaming industry. For more information, visit Phil-AsianGamingExpo.{/INSERTKEYS}{/PARAGRAPH} The result is that blackjack has become increasingly marginalized. Moreover, some of the casinos that might have been in a position to do it e. If casino operators actually wanted to stimulate blackjack activity, they would simply revert to the more traditional, low-edge, countable—and beatable—formats. The first Casino Marketing Monitor examines job performance, satisfaction and challenges. And it is not so much the player that has changed, but the game. {PARAGRAPH}{INSERTKEYS}To reiterate, the problem is not so much that Strip hotel ADRs have been on the rise—this is what you expect to happen when you replace the Boardwalk with Aria—but rather that there is an increasingly disproportionate lack of low-end hotel casino supply on the Strip. The house advantage of casino games in general has been on the rise for over two decades. The Las Vegas Strip has at least three value issues that need solving. Produced by AMC. November iGaming Germany , Berlin, Germany. There is no way to market these games directly to the gambler because the house advantage is often higher than the game that came before it, so you can never tell the gambler what the proposition is. Produced by TribalHub. Where blackjack accounted for This is not hyperbole. For more information, visit AustGamingExpo. But the implication is that if you are going to offer a game requiring skill e. As a consequence, there are fewer and fewer games for non-idiot gamblers to play, and there is nothing in the casino worth talking about. Produced by Eventus International. GGB Podcasts. One of the challenges on the Strip specifically is that the rise in the house advantage is, in part, a function of the general rise in prices on the Las Vegas Strip, again related to the imbalance in the hotel casino supply. The largest virtual betting and gaming event for North America. The big-picture issue here is that there is no romance in the casino anymore. The first step to solving these problems is to recognize that we have them, and also acknowledge that these are, in fact, problems. The previous two incidences coincided with U. This is obvious with regard to slot machines, when we look at the rise in slot hold percentages; but it is also true of table games, and can be observed through the changes in blackjack. The question is not whether it is legal or if you can get away with it; the question you should be asking is whether the customer will hate you and never want to come back. This question is typical of gambling discussions regarding millennials in that it assumes that it is the player that is fundamentally changing. Organized by Spark Something Terrapinn. Leading the Way Tribal casinos were the first U. The casino industry's largest and most important conference and trade show. Contact events nclgs. And as such, casino operators are unwittingly pricing non-idiot gamblers out from gambling in any significant volume. Recent Feature Articles. This is the logic that got us from single-deck blackjack with a 0. But as a result, what we have on the Strip is a top-heavy, incomplete product that largely only offers reasonable gambling options to mid-to-high-stakes gamblers, and does not reflect the range of Las Vegas visitors. These also include new fees such as paid parking, and also hidden service fees that show up on restaurant bills, and eventually on Twitter. Instead, the house advantage of new games tends to be higher than the games that came before them. The WGPC is an annual conference that connects casino surveillance, asset protection professionals and regulators from around the world. Organized by Asian Gaming Brief. The 1. There might be, however, room for development along these lines east of the Strip facing Flamingo Boulevard and Tropicana Boulevard. These include increasing resort fees, which serve to obscure the rapidly rising prices of hotel rooms by artificially lowering ADRs. Produced by Clarion Gaming. Nor can the gambler tell the difference between a 6 percent and 7 percent house edge, or between a 7 percent house edge and an 8 percent house edge, or between an 8 pecent house edge and a 9 percent house edge. In the February issue of GGB, the question was posed about the future of blackjack: Will millennials ever cozy up to it? Put differently, when the Fed wants to stimulate the economy, the Fed lowers interest rates.