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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 :
Live Dealer Now At Slotocash -
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Betradar Launches US Sports Betting Solutions -
With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.
Final 12 For MPNPT Morocco -
Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).
MPNPT Morocco Updates -
Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.
MPN Poker Tour Morocco Day 1A -
The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.
2018 MPN Poker Classic -
The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.
PDC and Sportradar Renew Deal -
Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data
Poker Yaar Joins MPN -
Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.
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