The current global recession has a lot of industries hurting, and land-based casinos are no exception. Particularly in the United States, where the economy is at its worst since the Great Depression of the 1930s, land-based casinos are seeing one of the largest profit declines in history.
In July, Las Vegas profits fell 17% and they have continued to decline through the month of August. The decline can be attributed to a number of factors. For one, people all over the world and particularly in the United States are being tighter with their money. The unstable economy has led to a fall in travel in general and less people are forking out the cash for the flight or gas money it takes to get to Vegas. Atlantic City is also showing a decline, as well other land-based casinos and casino resorts throughout the United States.
However, despite the decrease in land-based casino profits, U.S. online casino action is on the rise. Many players that once travelled to land-based casinos are turning to the online casino world. After all, Internet casino gamblers dont have to worry about the cost of travelling, dining, entertainment or accommodations. Online casinos offer popular casino games including casino blackjack, casino roulette, craps, baccarat, casino slots, video poker, keno and more at a fraction of the cost.
Many online casinos are also working to attract new players by offering new promotions or increasing the amount of existing casino bonuses. Generous welcome bonuses and high-paying referral, rewards and VIP programs are huge incentives for new players to sign up for online casinos, even during this global recession. Many online casino rooms are offering their players the opportunity to participate in free tournaments and earn additional cash bonuses as well.
Another way that Internet casinos are attracting customers is by releasing new games and new casino software. New slot machines based on current trends, movies and characters are drawing players who want to try out new games. Additionally, many online casinos are turning to 3D games as well. Many online players are playing at lower stakes than they were before when playing games online, but an increase in the number of players still leads to an increase in profits.
A number of online casinos, including Rome Casino and other casinos supported by Top Game software, are opening up their doors to a new set of players by accepting American Express deposits. Amex online casino rooms are benefitting by offering Amex players a place to playplayers that were once turned away from most online casinos.
The offering of bigger bonuses, new games and new payment options is paying off. While Vegas and other land-based casino locales are on the decline, online casinos are showing a steady increase in profits. However, online casino rooms will have to continue to reward and astound players if they want to continue their uptick as the recession in the United States continues.