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US Social Gaming Threat?
Wednesday July 23,2014 : U.S. RATINGS AGENCY WARNS OF SOCIAL GAMING THREAT
Regional land casinos could come under pressure.
The respected international rating agency Fitch has issued a report on social gaming, noting that casino-themed games on social networks pose a competitive threat to regional land casinos.
The agency additionally noted that online gambling is less of a threat as federal-level legislation is unlikely to be passed any time soon.
“We believe there is meaningful overlap between casino and social game players, and spending on social games, along with lotteries and other low-cost, convenient alternatives, eats into the customers' casino and other recreational budgets,” Fitch commented in its report.
The regional land casino market in the US is largely saturated, Fitch observed, explaining that wages among lower-tier punters are stagnant; there has been a reprioritisation of disposable income; there is potentially a lower propensity to gamble among younger generations, and the baby boomer generation now nearing retirement is not as well-prepared in pension terms, suggesting they will have less disposable income.
“Baby boomers make up a critical core of the existing gambler base, and low interest rates are dampening seniors' incomes in the near term,” the report points out.
Examining regional US markets for land gambling, Fitch suggests that only Kentucky and New Hampshire are likely to legalise more land casinos in the immediate future. Others - like Ohio - are likely to continue taking business from gamblers in neighbouring states rather than going after further expansion.
Changes in gambling preferences, and particularly the younger generation's preference for table games, will likely result in a shift away from slot action, currently at 85 percent of total revenues, to just 75 percent, the ratings agency predicts...a trend that is likely to further drive consolidation among lottery and table game suppliers.
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Kentucky Derby Odds: Justify still Favorite -
With all the races on the Road to the Kentucky Derby complete, Justify is still on top of the odds list at 4/1. But he’s got company: Mendelssohn (9/2), Audible (11/2) and Magnum Moon (8/1) are all very much in contention for the big race on May 5.
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MPN Poker Tour Bratislava | Day 2 -
It was a hard fight around the bubble, culminating in the elimination of Georgios Drakakis in 46th place. He received a surprise consolation entry into the next MPNPT stop in Sunny Beach, Bulgaria (5-8 July), which softened the blow of missing out on a €900 min-cash.
MPN Poker Tour Bratislava Day 1B -
Dorey Captures Chip Lead After MPNPT Bratislava Day 1b Triples 1a Field Size. The second flight of the €550 MPN Poker Tour Bratislava Main Event is in the bag, and so are the chips of 97 players who will be returning along with the 26 Day 1a survivors to fight to the money and beyond today
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The MPN Poker Tour has arrived in Bratislava for the very first time, bringing with it the Tour’s friendly mix of local and globe-trotting poker enthusiasts, pros and qualifiers to the beautiful Slovakian capital.
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