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Younger demographics less interested in land casino gambling action?

Saturday May 30,2015 :  FITCH ANALYST ECHOES ADER VIEW ON MILLENNIALS (Update)
 
Younger demographics less interested in land casino gambling action?
 
Investment expert Jason Ader's comments on gambling and the rising millennial demographic earlier this week were echoed Friday by the respected Fitch Ratings director, Alex Bumazhny, who told the publication Street.com:
 
"Millennials seem like they are a little bit less interested in gambling in the [land] casinos. They'll still go to casinos quite a bit, but they spend their money on food, beverages, nightclubs and entertainment, and less so on the slot machines."
 
However, this key demographic does enjoy playing table games involving a stronger element of skill, such as poker, he observed - scant comfort for casino operators, because the return for them on these games is not as good.
 
Bumazhny claims that the casino industry is reacting to this challenge by investing in the sorts of games Gen Y gravitates toward, such as social casino games as operated by IGT and Caesars Entertainment through online operations like DoubleDown Casino.
 
IGT and Caesars Entertainment generated $80 million and $167 million respectively in the first quarter from their social gaming divisions, the analyst observed.
 
Savvy operators and game developers are also introducing more skill-based and interactive elements into slot machines, Bumazhny says.
 
These include bonus rounds which require players to reach certain levels through interacting with the game, and appeal to the younger demographics now starting to dominate the market.



Gambling News :

US$30M DUBAI WORLD CUP - Racecourse Media Group and Meydan to showcase world’s richest raceday to more than 150 territories The Dubai World Cup is the first horse race to be broadcast live on airlines and cruise lines

NHL Odds: Forsberg Faces Elliott in Nashville - The last time the Nashville Predators played against the Calgary Flames, Calgary had a 4-1 lead five minutes into the second period. Nashville responded with four back-to-back goals, including a hat trick from centreman Filip Forsberg. Both teams went into overtime with five goals, and Calgary defenseman Mark Giordano (12 goals, 22 assists) scored the winning goal.

Sit & Go 2.0 launched online exclusively at Americas Cardroom - Get ready to cheer like a champion before the first flop is even dealt. The much-anticipated Sit & Go 2.0 is now launched online exclusively at Americas Cardroom and Sit & Go players are reaping the benefits of the next evolution of poker.

NBA Odds: Hawks, Wiz in Southeast Showdown - The Washington Wizards (42-27 SU, 36-32-1 ATS) can pretty much secure the Southeast Division title with a win Wednesday night over the Atlanta Hawks (37-32 SU, 31-38 ATS). Tip-off is at 8 PM ET on ESPN; the Wizards lead Atlanta by five games with less than a month remaining before the playoffs.

Mega Moolah progressive jackpot Hit Again - Microgaming’s Mega Moolah progressive jackpot slot has been hit yet again at just over €6.6 million!

NBA Odds: Clippers Try to Slow Down Bucks in LA - Milwaukee Bucks small forward Giannis Antetokounmpo and Los Angeles Clippers power forward Blake Griffin are two of the most talented and versatile forwards in the NBA. The two lead their teams into battle on Wednesday in Los Angeles.

NCAAB Odds: SMU Hosts Tulsa With AAC Title on the Line - There aren’t too many college basketball teams more profitable than the SMU Mustangs (25-4 SU, 18-5-1 ATS). They host the Tulsa Golden Hurricane (14-14 SU, 15-12 ATS) this Thursday night, tipping off at 8 PM ET on CBSSN.

NHL Odds: Canadiens Welcome Islanders Tonight - The Montreal Canadiens (32-20-8) welcome the New York Islanders (28-21-10) on Thursday (7:30 PM ET on SNE). After getting their first victory under new head coach Claude Julien, the Canadiens will look to build on that momentum against a red-hot Islanders team.

NHL Odds: Reeling Flyers Seek Relief in Pittsburgh - #nhl The Philadelphia Flyers have been a bit off since the holidays. They’ve won just eight games since the Christmas break, and now they’ve got a tough one coming up this Saturday night against the Pittsburgh Penguins.

Dollars to Donuts Slot Launch - Firstly, it's a classically styled, easy playing 3-reel with five pay lines featuring a traditional icon set of bars and sevens.

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