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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.



Gambling News :

Oink Country Love Slot Launches - Oink Country Love will have players tapping their feet to the country beat with the lovable Oink Bros, Willy and Chancho, who are trying to win over the heart of Miss Southern Charm in this five by three reel, 45-line online slot.

Tim Chung Wins MPNPT Manchester - The 288-runner £550 MPNPT Manchester Main Event today crowned its champion, awarding the bulk of the £150,000 total prizepool to the nine players surviving after two days of tournament poker at the Grosvenor Casino.

MPNPT Manchester Day 2 - Day 2 of the £550 MPNPT Manchester Main Event saw 60 Day 1 survivors (from a total of 288 entries) and three intrepid last-minute registrants sit down to play to the final table.

Day 1B MPN Poker Tour Manchester - Day 1B of the £550 MPNPT Manchester Main Event saw the field rise to 285, as players took full advantage of the whole-day re-entry period.

Day 1A MPNPT Manchester - The £150,000 guaranteed MPNPT Manchester kicked off today in style – 74 poker players from all over Europe arriving at the Grosvenor Casino to contend the first of two starting days

Kung Fu Rooster Slot Goes Live - Celebrate Chinese New Year - 2017 Year of the Rooster. It's time to sweep away any ill-fortune and make way for incoming good luck, with this exciting 12 lines slot game.

Sensational Sixes Slot Goes Live - Light up Icons like BAR's, black spades, red hearts, blue diamonds, and green clubs. The best part of Sensational Sixes are the three wild icons, for 2X, 4X, and 6X multipliers!

3 New Betsoft Slots - 3 new Betsoft slot Games were also added this week to most online casinos allowing US players.

2017 Bodog Super Millions Poker Open - The first events on the 105-tournament schedule have already been completed; there are three more tourneys on Thursday’s schedule, with a total of $34,000 in guaranteed prize money waiting to be won.

Pokerstars Pulls Out Of Coloumbia - Pokerstars Has taken the decision to cease offering real money services to players located in, playing from or resident within Colombia, effective from the 17th of July 2017.

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