3 Viewpoints For Enjoyable Gambling

Another losing gambling session?

I once read a self-help book called “Why Your Life Sucks” by Alan H Cohen. I guess I was in a dark place, or maybe looking for a different perspective on things. In any case, it was really quite good and pointed out many life “wake-up calls” to help us enjoy the life you were meant to live. It’s funny and informative, but most of all, it forces you re-evaluate the choices you have made, and how you can make better choices in the future.

So, I was thinking, “how many people leave the casino grumpy, as if losing is a huge surprise.”

Leaving Las Vegas - usually a quiet plane ride.

Leaving Las Vegas – usually a quiet plane ride.

Whether you visit from the east coast, or the closer west coast, the plane rides to and from Las Vegas are very different.  Excitement builds with every minute right through to your first bet.  But the plane ride home from Vegas is so quiet and sullen compared to that excitement and hope on the ride out there. Go figure….So, does your gambling suck?  Do you know why?  Maybe it’s because you don’t embrace the realities of the gambling industry. It’s time to look at your casino trips differently with the following three suggestions that will enhance your experience:

1) “Fortune isn’t something that happens to you, it is something you create”

So, you really think that recreational gambling is going to get you millions? I don’t think so.  But, there are things you can do that will enhance your visits, like:

  • Know the best strategy for the games you play
  • Take advantage of free play and multiplier reward points / tier points days
  • Don’t overplay you bankroll to gain higher status. Keep to your bankroll.

If you ever get a chance to follow Cousin Vito’s Podcast, Your Guide to Enjoying Gambling, you know Vito always ends with a statement that sums this all up.  It’s from the Roman Statesman Seneca, and goes like this:

So true. Thanks for the quote, Vito!

2) “Don’t get involved in the dark side” of gaming.

Losing at Gambling?

Guess what, the gambling industry is a business and like any other business, it needs to make money to continue. So:

  • don’t expect perks that you don’t earn
  • don’t expect the casino to insure your winning because you’re a good customer
  • expect loses
  • And stop thinking conspiracy and fixed machines. Look up what a random number generator does (RNG) , and how the house advantage is built in without switching machine computer chips or throwing that famous “switch upstairs” that immediately changes machines from loose to tight. Be knowledgeable about the industry instead of continuing myths and superstitions to make yourself the poor victim.

3) “It’s not what happens to you that counts, it’s what you make of what happens”

I’ve heard this so many times.  You have a choice in how you assess an experience, and then a reaction to it.  You can choose either to enjoy and learn in a positive manner or bitch and complain, making yourself miserable (as well as those around you you!) SO:

Shooting at the Craps Table - have fun whatever your game is.

Shooting at the Craps Table – have fun whatever your game is.

  • Enjoy the wins.
  • Enjoy casino employees who know the meaning of good service and are friendly.
  • Enjoy the excitement of breaking even – yes even. By breaking even, you’ve beaten the house advantage. Sure, it’s not what we are all looking for, but if you play for a few hours and break even, be happy for the free entertainment, the rewards points you’ve accumulated, and the free beverages you’ve consumed.

Now, back to the casino, but this time with an open mind, an awareness of the business and new flexible expectations. Acceptance could be the key to a happier gambling experience.  Knowledge and reality is the foundation.

That’s all for now.

Binbin

Gambling Losing Streaks – Responsible Gaming Education Week

Vegas Vacation

In A Losing Streak?

RESPONSIBLE GAMING EDUCATION WEEK

Leaders of the Association of Gaming Equipment Manufacturers (AGEM), the National Indian Gaming Association (NIGA) and the National Center for Responsible Gaming (NCRG) joined the American Gaming Association (AGA) this week to highlight the gaming industry’s shared commitment to responsible gaming.

Gaming operators and manufacturers across the United States will commemorate the industry’s responsible gaming efforts by holding dozens of local events and responsible gaming educational activities this week in recognition of Responsible Gaming Education Week.

So, while NETimeGambling.com endorses recreational gambling, it’s always good to remember responible gambling.

NETG & RESPONSIBLE GAMING

When I first started NETG, another blogger posed the following question, “If one experience or life change results from you writing your blog, what would you like it to be?”

For me, this blog is a means to inform as a resource. More than anything I wish gamblers understood the logistics behind the gaming industry and losing. With the wrong expectations, a losing streak is a difficult thing to deal with – it becomes very personal. We bring a certain amount, whether it be $20, $200, $2000, or more, and it can be gone in a New York minute – and there you are, a quick losing streak changing your expectations, your feelings, and possibly your behavior.

Now what do you do?  When your gambling becomes a streak of losing, what do you do to change your “luck?” How do you handle that pit in your stomach?

HOW DO YOU REACT?

BankrollDo you go on “TILT?” According to Bill Burton in his article “Losing Streaks: How To Survive,” “going on tilt is the expression used when poker players become upset and lose control of their emotions. Consequently they start making poor decisions and play badly and irrationally. Going on tilt is not confined just to poker players. Anyone who gambles on any casino game can find themselves on tilt. Once a player starts losing money they are a prime candidate. They have lost money and they try to make it back quickly by raising the size of their bets or playing a higher denomination slot machine. This will usually just lead to more losses.”

Sometimes a player will get to the point where they just don’t care how much money they have lost. But, for most of us, it does matter. Understand that casinos are very profitable businesses. They make money that is coming from the players pockets. Few people win. Most lose. Gambling is for fun. If it makes you feel bad, and cannot accept the fact that you’ll probably lose, do something else in your free time!lottery

7 SUGGESTIONS FOR DEALING WITH LOSING STREAKS

Losing can become purely an emotional response.  I try to remind myself the following:

  1. I came with money that I could spend on the recreational pleasure of gambling. When it’s gone, I’m done. And a 10% win on the day’s Bankroll is a good day for any recreational gambler.  Consider going home with money in your pocket, win or lose.
  2. The casino will win, the house edge is real and getting worse every year as casinos tighten machines, game rules, and paytables.
    6:5 Blackjack

    Dont play Blackjack that pays 6:5 on all blackjacks! Just don’t!

    Learning to accept it is the first step to dealing with losing.  Even better, look for the best table rules, the best paytables, and higher denomination slots to help your gambling duration and “win-a-bility.”

  3. If I win big, or lose big, I need to admit that anything CAN happen. The end result, AS LONG AS MONEY SPENT IS DISCRETIONARY, NOT YOUR FAMILY’S BUDGET $$, must be accepted.  When you’re not in a good frame of mind and on a losing streak, put down your drink, don’t carry on and calmly leave. Jessica Cheng, Brand Ambassador at 777DragonCasino.com, says,”…we have a chance at winnings and a chance at losing – it’s just the nature of the game.
    Losing at Gambling?

    Losing at Gambling?

    But there is no reason to slip into a depression and refuse to ever go gambling again. Just recoup, maybe take a break and gather yourself again, sit on a little bit of a tight budget for the next month and then when you feel ready, try again.” However, I would emphasize wait and “sit on a little bit of a tight budget for the next month…” 

  4. Repeat after me…..We must ALWAYS use our Rewards Card.  At least get something for your money. A comp of any size could give yourself the break that you need, whether it’s an outright comp gift or from your own hard-earned comp points.
  5. NEVER GO TO THE CASINO TO GET AWAY FROM PROBLEMS, NEVER GO TO THE CASINO WHEN YOU’RE ANGRY, UPSET, OR DEPRESSED. 
  6. If you have lost A LOT of money (which could mean anything to anyone, but I mean a good chunk over hours of play),  do what Richard Munchkin, Author of Gambling Wizards and cohost of cover170x170Gambling With an Edge (an excellent podcast and highly recommended for Advantage & recreational players alike). “The most important thing AFTER a big loss” he says “is to contact a casino host and ask for some money back. This is called a loss rebate, but it is only for BIG losses……Bottom line – try to get some of your money back by asking a host. If you can’t get cash try for show tickets, fight tickets, or whatever they will give you. By the way – the term “ton of money” is relative. If your ‘ton’ is $500 then you may only get a comp for 2 to the buffet.”  Remember, unless you ask, you can’t get anything!
  7. Fluctuations are to be expected, depending on the EV (expected Value) of the game your playing.  See the cartoon above and read again. Don’t expect your money to last on a slot machine like it would on a Video Poker machine with perfect strategy.  And yet, fluctuations will happen, no matter what the EV is. There are advantages to playing any game – just be knowledgeable and accept the consequences of lower EV games.

Remember, gambling is like any recreational pleasure – it can create a rush of adrenaline and release of endorphin to our human brain that some of us can’t handle well. Before I end, I must repeat what is in the side panel of this blog daily: Gambling Addiction is a serious illness progressive in its nature. It affects the person who gambles as well as many around them – family, co-workers and friends. If you wonder if the fun has stopped, and the compulsiveness has begun, go to the following Gamblers Anonymous site and answer a quick 20 questions. It may save your life.

Go to Gamblers Anonymous.org and take a 20-questions quiz if you wonder why it isn’t fun anymore.

Be in control.  I wish for safe, healthy and fun gambling for us all, win or lose.  JUST REMEMBER, KEEP WITHIN YOUR FINANCIAL MEANS AND HAVE FUN.

Binbin

3 Reasons Why Your Gambling Sucks, and What You Can Do About It

Another losing gambling session?

I once read a self-help book called “Why Your Life Sucks” by Alan H Cohen. I guess I was in a dark place, or maybe looking for a different perspective on things. In any case, it was really quite good and pointed out many life “wake-up calls” to help us enjoy the life you were meant to live. It’s funny and informative, but most of all, it forces you re-evaluate the choices you have made, and how you can make better choices in the future.

So, I was thinking, “how many people leave the casino grumpy, as if losing is a huge surprise.”

Leaving Las Vegas - usually a quiet plane ride.

Leaving Las Vegas – usually a quiet plane ride.

Even the plane ride home from Vegas is so quiet and sullen compared to the excitement and hope on ride out there. Go figure….

So, does your gambling suck? Maybe it’s because you don’t embrace the realities of the gambling industry. Here’s some quotes from the book that may have implications about your gambling experience:

1) “Fortune isn’t something that happens to you, it is something you create”

Take advantage of point multipliers and

Take advantage of point multipliers to get the most out of your play.

So, you really think that recreational gambling is going to get you millions? I don’t think so.  But, there are things you can do that will enhance your visits, like:

  • Know the best strategy for the games you play
  • Take advantage of free play and multiplier reward points / tier points days
  • Don’t overplay you bankroll to gain higher status. Keep to your bankroll.

2) “Don’t get involved in the dark side” of gaming.

Losing at Gambling?

Guess what, the gambling industry is a business and like any other business, it needs to make money to continue. So:

  • don’t expect perks that you don’t earn
  • don’t expect the casino to ensure your winning because you’re a good customer, and
  • expect loses.
  • And stop thinking conspiracy and fixed machines. Look up what a random number generator does (RNG) , and how the house advantage is built in without switching machine computer chips or throwing that famous “switch upstairs” that immediately changes machines from loose to tight. In other words, be knowledgeable about the industry instead of continuing myths and superstitions to make you the unsuspecting victim.  “It’s not personal, it’s business.”

3) “It’s not what happens to you that counts, it’s what you make of what happens”

Shooting at the Craps Table - have fun whatever your game is.

Shooting at the Craps Table – have fun whatever your game is.

  • Enjoy the wins.
  • Enjoy casino employees who know the meaning of good service and are friendly.
  • Enjoy the excitement of breaking even – yes even. By breaking even, you’ve beaten the house advantage. Sure, it’s not what we are all looking for, but if you play for a few hours and break even, be happy for the free entertainment, the rewards points you’ve accumulated, and the free beverages you’ve consumed.

Now, back to the casino, but this time with an open mind, an awareness of the business and new flexible expectations. Acceptance could be the key to a happier gambling experience.

That’s all for now.

Binbin

Gambling Losing Streaks Got You Down? Try Logging Your Trips

In the middle of a losing steak? Maybe you need a time out!

In the middle of a losing steak? Maybe you need a time out!

I am a recreational gambler – maybe a “mid-roller?” I play more than the average player of $20 a night, but no where near enough to be considered an advantage player, or regular.

And I’m experiencing a losing streak right now. Are you experiencing a losing streak right now, too?

Does money just seem to be floating away?

Does money just seem to be floating away?

Well, 2016 has not been good for winning.  Like many of us, it’s a tough time dealing with losing.  It can be a deflating grind if your visits, time after time, seem to follow this pattern:  no matter what your game is, your bankroll has a slow meltdown to zero – with no bonuses, no big run on the craps table, and no lucky shoes – until it’s time to go home, or usually, before you expected to go home.  But is it really that bad, or just our perception, not based on any facts?

RELATED POST: In A Losing Streak? – 7 Suggestions to Help Gamblers

How do you deal with that in the long term?

A very wise person pointed out to me that in life, the following is true, and gambling can be a part of that.  “Acceptance is the key to my problems today.”

acceptanceAccept the FACT that you definitely will have losing streaks, and if you ignore that fact, if you refuse to acknowledge that circumstance, if you think you can somehow avoid losing streaks, you’re kidding yourself – and you’d better re-think your decision to gamble in the first place. Your ability to handle losing streaks is most definitely one of the things that will determine your degree of success in any form of gambling. Continue reading

Casino Players Club Cards – The Truth to Correct the Myths

players-clubIt amazes me to see people sinking their money into a machine with out having a card inserted in the card reader. I sometimes ask people why they don’t use a card and have received several different answers.  The other day, someone was spouting off every slot myth in the book – “teaching” everyone around him, whether they cared or not.  However, the biggest sin of this whole escapade was that he had taken out his card to “get a bonus” for nearly 10 minutes.  His bet was over $8.00 a whack!  Just think of the comps he missed out on due to his “Casino Paranoia.”  That was the most foolish thing he could’ve done.

Anyway, all of the following I was told at one time or another and are completely false, with an explanation why: Continue reading

In A Losing Streak? – 7 Suggestions to Help Gamblers

Vegas Vacation

In A Losing Streak?

I was asked by a blogger the following question, “If one experience or life change results from you writing your blog, what would you like it to be?”

For me, this blog tries to inform, and be a resource. But one thing I wish I could do is to help gamblers understand the logistics behind the big gaming industry machine and help them understand losing. It’s difficult for most of us to deal with – it becomes very personal. We bring a certain amount, whether it be $20, $200, $2000, or more, and it can be gone in a New York minute – and there you are, a quick losing streak changing your expectations, your feelings, and possibly your behavior.

Now what do you do?  When your gambling becomes a streak of losing, what do you do to change your “luck?” How do you handle that pit in your stomach?

BankrollDo you go on “TILT?” According to Bill Burton in his article “Losing Streaks: How To Survive,” “going on tilt is the expression used when poker players become upset and lose control of their emotions. Consequently they start making poor decisions and play badly and irrationally. Going on tilt is not confined just to poker players. Anyone who gambles on any casino game can find themselves on tilt. Once a player starts losing money they are a prime candidate. They have lost money and they try to make it back quickly by raising the size of their bets or playing a higher denomination slot machine. This will usually just lead to more losses.”

Sometimes a player will get to the point where they just don’t care how much money they have lost. But, for most of us, it does matter. Understand that casinos are very profitable businesses. They make money that is coming from the players pockets. Few people win. Most lose. Gambling is for fun. If it makes you feel bad, and cannot accept the fact that you’ll probably lose, do something else in your free time!lottery

Losing can become purely an emotional response.  I try to remind myself the following:

  1. I came with money that I could spend on the recreational pleasure of gambling. When it’s gone, I’m done. And a 10% win on the day’s Bankroll is a good day for any recreational gambler.  Consider going home with money in your pocket, win or lose.
  2. The casino will win, the house edge is real and getting worse every year as casinos tighten machines, game rules, and paytables.
    6:5 Blackjack

    Dont play Blackjack that pays 6:5 on all blackjacks! Just don’t!

    Learning to accept it is the first step to dealing with losing.  Even better, look for the best table rules, the best paytables, and higher denomination slots to help your gambling duration and “win-a-bility.”

  3. If I win big, or lose big, I need to admit that anything CAN happen. The end result, AS LONG AS MONEY SPENT IS DISCRETIONARY, NOT YOUR FAMILY’S BUDGET $$, must be accepted.  When you’re not in a good frame of mind and on a losing streak, put down your drink, don’t carry on and calmly leave. Jessica Cheng, Brand Ambassador at 777DragonCasino.com, says,”…we have a chance at winnings and a chance at losing – it’s just the nature of the game.
    Losing at Gambling?

    Losing at Gambling?

    But there is no reason to slip into a depression and refuse to ever go gambling again. Just recoup, maybe take a break and gather yourself again, sit on a little bit of a tight budget for the next month and then when you feel ready, try again.” However, I would emphasize wait and “sit on a little bit of a tight budget for the next month…” 

  4. Repeat after me…..We must ALWAYS use our Rewards Card.  At least get something for your money. A comp of any size could give yourself the break that you need, whether it’s an outright comp gift or from your own hard-earned comp points.
  5. NEVER GO TO THE CASINO TO GET AWAY FROM PROBLEMS, NEVER GO TO THE CASINO WHEN YOU’RE ANGRY, UPSET, OR DEPRESSED. 
  6. If you have lost A LOT of money (which could mean anything to anyone, but I mean a good chunk over hours of play),  do what Richard Munchkin, Author of Gambling Wizards and cohost of cover170x170Gambling With an Edge (an excellent podcast and highly recommended for Advantage & recreational players alike). “The most important thing AFTER a big loss” he says “is to contact a casino host and ask for some money back. This is called a loss rebate, but it is only for BIG losses……Bottom line – try to get some of your money back by asking a host. If you can’t get cash try for show tickets, fight tickets, or whatever they will give you. By the way – the term “ton of money” is relative. If your ‘ton’ is $500 then you may only get a comp for 2 to the buffet.”  Remember, unless you ask, you can’t get anything!
  7. Fluctuations are to be expected, depending on the EV (expected Value) of the game your playing.  See the cartoon above and read again. Don’t expect your money to last on a slot machine like it would on a Video Poker machine with perfect strategy.  And yet, fluctuations will happen, no matter what the EV is. There are advantages to playing any game – just be knowledgeable and accept the consequences of lower EV games.

Remember, gambling is like any recreational pleasure – it can create a rush of adrenaline and release of endorphin to our human brain that some of us can’t handle well. Before I end, I must repeat what is in the side panel of this blog daily: Gambling Addiction is a serious illness progressive in its nature. It affects the person who gambles as well as many around them – family, co-workers and friends. If you wonder if the fun has stopped, and the compulsiveness has begun, go to the following Gamblers Anonymous site and answer a quick 20 questions. It may save your life.

Go to Gamblers Anonymous.org and take a 20-questions quiz if you wonder why it isn’t fun anymore.

Be in control.  I wish for safe, healthy and fun gambling for us all, win or lose.

Binbin

Casino Do’s & Don’ts

Casino Entrance sign

So, your friend or family member offers to take you to a casino for your very first time.  But, never having been before, you haven’t a clue about what to do when you get there.  So, here are some quick suggestions for you newbies out there, or maybe a refresher course for the rest of you. Continue reading

New England Casinos Blame the Weather

Revenues continue to drop in New England as the weather temps refuse to rise to Spring-like averages. Not only just in Connecticut, but now Maine is reporting a decline in revenue.

Slot machine gambling was down $15 million at the Oxford Casino in 2014 while the Hollywood Casino in Bangor saw a $10 million drop, but the state’s top gambling regulator says he’s not surprised and both casinos are making money.

Could it be that the novelty of Oxford is wearing off, or can we blame it on such a terrible winter?

Connecticut’s casinos say slot machine revenue fell sharply in March, with Foxwoods Resort Casino citing an “ultra-competitive” market.  Foxwoods reported Tuesday that the share of wagers, known as revenue, was $44.6 million, down 10 percent from March 2013. Total slot machine wagering was down 5 percent.

The Mohegan Sun reported revenue down 12 percent. Total wagering was an 11 percent drop from more than $700 million.  Robert J. Soper, chief executive of Mohegan Sun, said the unusually cold March hurt business, but finances are stabilizing.

Let’s hope it’s just the weather.  A little warmth, extra retail (Tanger Outlets) additional projects (Oxford & Mohegan hotel construction) and expansion options (CT satellites & Foxwoods in MA) will stimulate more visits.

That’s all for now.

Binbin

 

The NE TimeGambling Facebook Community!

This is our Facebook community without you and your New England Casino banter:

th

This is our Facebook community with you and all of your New England Casino Experiences:

th

Join us and add to the fun.  We need you to get the ball rolling!

 

Binbin

Massachusetts Brings Casinos Together to Begin “Problem Gambling Awareness Month”

images

Last Monday at the MassMutual Center, a panel discussion entitled “Gambling Disorder Knows No Border: Have the Conversation” occurred to continue awareness of problem gaming.  The event was open to the general public and community groups to bring together representatives from New England casinos, the Massachusetts Gaming Commission and public health officials for a conversation about the issues of gambling addiction.

“Our strength is in numbers. Working together, nation-wide and across industries, allows people to ‘Have the Conversation’ and speak about, learn about, and lessen the stigmas related to gambling disorder(s),” said Marlene Warner, executive director of the Massachusetts Council on Compulsive Gambling. “No one should ever feel ashamed to seek help for themselves or a loved one. The more we talk about gambling disorder, the easier helping those who are suffering becomes.”

MGM Springfield, Springfield Mass

MGM Springfield, Springfield Mass

The conference was linked to the expansion of casino gambling in Massachusetts.  MGM Resorts International plans to open an $800 million MGM SPRINGFIELD  casino complex in 2017. Penn National Gaming’s $225 million Massachusetts slots parlor is already under construction at the Plainridge Race Track in Plainville and Wynn Resorts is working to break ground on its $1.6 billion Everett proposal.

Among those expected to be in attendance from the gaming industry, which is an active member of the consortium, is Raymond Pineault, executive vice president of Mohegan Sun.  Hopefully, all nine of the existing and future casinos in New England had representatives attending.

That’s all for now.

Binbin

In the Casino Industry, It’s Good Not to Get TOO Attached to Anything!

th

I have heard many of those who write or speak about Las Vegas say that you shouldn’t get too attached to things in the gaming industry, because as soon as you do, they’ll be gone.

“Don’t it always seem to go….”

It’s so true……so many things I have remembered and enjoyed in Vegas, and in casinos everywhere, only to never find them again.

“That you don’t know what you’ve got ’til it’s gone.”

Which is why I thought I’d post this today after hearing about the impending sale and implosion of the Riviera, the first hotel/casino I stayed at in Las Vegas. Not that I ever wanted to go back to the Riv, with all the choices over the last 20 years, but still,mite right up there with Flamingo, the Sands, the Dunes…..etc.

“They paved paradise and put up a parking lot.”  (Thank you, Joni Mitchell, from “Big Yellow Taxi”)

New England Casinos had some great things, but, to quote my Canuck heritage – “There they are…..gone!”

Here’s a list of some of the things – from New England Casinos, Las Vegas or casinos in general:

  • th

    What a great looking machine, and the graphics and video were way ahead of its time!

    Odyssey 4-play Video poker & Slot Machines – they looked like a slot machine from another planet.

  • Fidelia's Coffee Shop

    Fidelia’s Coffee Shop

    Fidelia’s – Mohegan Sun’s previous 24 hour coffee shop/restaurant.  Great food, decent prices, and the feeling of times gone by like the vegas casino coffee shop, only nicer surroundings.

  • An Atlantic City with a fun Boardwalk and 12 casinos – now, it’s just sad.
  • Great availability of full pay video poker – although Mohegan Sun does have full pay JOB, they don’t accrue points.
  • th

    Coupon Book

    Coupon books in Vegas – it was really fun to eek out a little free slot play here and some matchplay there, finishing up with a free hotdog or drink.

  • Fado Irish Pub

    Fado Irish Pub

    Twin River’s “FaDo” Irish Pub – It was the reason a lot of people went to twin river.  Great food, and entertainment.  Sure gave Mohegan’s Lansdowne Pub a run for it’s money.

  • The old buffet at Mohegan Sun – the new version is a pricier, lower quality Studio B Buffet (M Resort, Las Vegas).  It looks like a model copy, just smaller.
  • Arena Football!  Remember when Mohegan Sun had arena football?  Sorry to see it go.  It was fun to watch all that scoring.
  • th

    Vacation Village – great old Vegas

    Vacation Village, a dumpy little casino with some of the greatest airfare promotions in the south of the strip, & the

    155991174_b554ec67eb_n

    One of the first Brew pubs in Vegas – Stratosphere in the background.

    Holy Cow in Las Vegas, the first Brew Pub in Las Vegas across from the Sahara, which is also gone.  I also miss Stardust, Aladdin, Lady Luck, and Frontier – they had character.

One thing I won’t miss, but I thought I would – coins!  Nope, love the TITO (Ticket In, Ticket Out) and don’t miss the hopper fills, never mind my dirty hands from dealing with coins.

That’s all for now

Binbin

Connecticut Casino Expansion – Part One, an Introduction

 

Foxwoods Resort Casino

Foxwoods Resort Casino

WOW, What a week in CT gaming!  MGM and WYNN’s inevitable existence has caused all sorts of concern in the Nutmeg state about lost gambling revenue.

Listen, nothing stays the same – life is constantly evolving.  It’s naive to think that the comfy revenue CT had ten years ago to add to their coffers would continue without any change.  If you followed any type of news source over the past ten years, you would have been aware of three things:

1)  More states in the U.S continue to depend in casino revenue to help themselves financially than ever before. Gaming properties in the United States include over 1500 casinos, horse tracks, dog tracks, resorts, and cruise ships.  40 states now have some form of legalized electronic gaming device—including traditional slot machines, video poker and bingo—at Indian casinos, commercial casinos, racetrack casinos, and/or bars, restaurants or other licensed establishments

2) With increased casinos comes increased competition, increased saturation in some areas, and the need to re-invent the casino product – any person, state, legislature, community, gaming company, or gambling entity of any kind not reacting to these rapid changes in the last decade will certainly and inevitably perish.

3) Americans love to gamble.  Humans love to take chances.  And state politicians want to take advantage of the “Gambling Craze” with quick easy fixes like casino gambling to take the place of finding creative ways to take care of its residents financially.

So, this post is merely to “tickle” your interests with the latest 3rd CT Casino hysteria.  I hope to point out the FACTS as they stand in CONNECTICUT at this time, the MYTHS about the GAMING INDUSTRY as it pertains nationally and to the northeast, and ending with my OPINIONS and PREDICTIONS concerning the future of casino gaming in New England, and maybe elsewhere – New York, Atlantic City and Pennsylvania.

But first, I’d like you to take a quiz – a casino industry quiz.  Let’s see what your GIIQ is (your Gambling Industry Intelligence Quotient).

1) What state has the 2nd most casinos?   a) Washington  b) California  c)  Montana d) Oklahoma

2) How many states don’t have lotteries?  a) 3  b) 5  c) 7  d) 12  e) none – everyone has at least state-run lotteries

3) Which state does not have a lottery? (well, that should help you wit the previous question!)  a) Alaska  b) Mississippi  c) Nevada 4) Wyoming  5) All of the above

4) Which state has the most Native American Casinos?  a) Connecticut  b) Washington  c) California d) Oklahoma

5) Which casino in the United States is the largest?  a) Foxwoods, CT  b) WinStar World Casino, OK  3) MGM Grand, Las Vegas 4) Caesars Palace, Las Vegas 5) Borgata, Atlantic City

 

The answers will be in Tuesday’s post!  Tuesday will also be Part 2 of Connecticut’s Casino Expansion and will include the facts in the recent week’s expansion proposal.

That’s all for now!

Binbin