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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.
NHL Odds: Toronto Maple Leafs vs. Washington Capitals on Tuesday -
Auston Matthews and the Toronto Maple Leafs touch down in DC this Tuesday (7 PM ET on TSN) as one of the hottest teams in the NHL. They've tallied a ridiculous 26 goals through only five games played; that's more than five goals scored per game on average. They'll be up against an equally potent Washington Capitals team.
Pro League Reveals Sportradar Contract Details -
The partnership between the PLC and Sportradar aims to provide a high-quality level of service to all Arabian Gulf League stakeholders in addition to making verified official data about players performances available to coaching and scouting staff and supplying match information to media outlets.
NFL Odds: Steelers Visit Undefeated Chiefs #TNF -
The Kansas City Chiefs (5-0 SU and ATS) have been flawless as an NFL pick thus far. Their chances of remaining undefeated in Week 6 look good; after opening at –4.5, Kansas City is a 5-point home chalk for Sunday’s game against the Pittsburgh Steelers (3-2 SU, 2-3 ATS), beginning at 4:25 PM ET on CBS.
Mega Moolah strikes again -
The jackpot was hit on a mobile device on Sunday 1 October 2017 by a UK player on Betway, this time awarding a £1,448,116.31 pay day.
2 New Slots For Microgaming Casinos -
David Reynolds, Games Publisher at Microgaming, comments: “On top of our branded title game Halloween, we’re delivering two more slots this October, each bringing exciting features and a different theme.
MLS Odds: Red Bulls vs. Whitecaps -
The New York Red Bulls (12W, 12L, 7T) haven’t won a match since August 15, but they’re –165 favorites this Saturday against the visiting Vancouver Whitecaps (15W, 10L, 6T), beginning at 5 PM ET. Vancouver is a +475 underdog with the draw priced at +285.
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