Posts tagged: games

Oct 13 2009

The Economic crisis – Online Casinos Out Do Las Vegas

Las Vegas Sign 1

During this time of global crisis, casinos are really suffering, especially the United States, where the economy is in its worst state since the Great Depression. The casinos of Las Vegas are plucking, gambling has dropped from 17% in July – a decline that continues. Given the precarious state of the economy, people travel less and so there are fewer tourists in Las Vegas. Especially since people are more frugal with their money.

By contrast, recent online casinos saw an increase in the number of players for the first time. PokerSiteScout said there was an overall increase in the number of players playing with their money at online casinos than 2% last week. Although this is a small sample, any increase is encouraging given the state of the market.

A technique used by online casinos to attract players is increasing the number of promotions and bonuses. Virtual casino players already costs less than visiting a real casino because the costs of transport, catering and accommodation are avoided. Online casinos also offer rewards in the form of tournaments and free bonus cash. Especially, these casinos increase their repertoire of games to attract customers who want to try something new.

In this economic climate, anyone who wants to remain competitive will put the package. Attracting new customers while retaining existing customers is harder than ever because of the global crisis and, in particular, because the U.S. economy continues to lose jobs and enter homes while the national debt skyrockets. A recent study by the Fed (Federal Reserve of USA) considers that employment will never find a satisfactory condition after a decade. If online casinos are to continue to do business with their American customers, they must reward with incentive programs.

Even Las Vegas notes – many hotels cutting their prices and offer customers their own bonuses.

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