The casino industry is changing from the standard core of slots and table games. The transition is moving from the baby boomer to the millennial. While most organizations are looking to maintain their current clientele very few are investing in cultivating the next wave. The gaming operators that are will dominate the industry in the next decade. That is only one year away.
So how is the change happening now? Sports Betting is the catalyst with most of the east coast operators. The major players in New Jersey and Pennsylvania all have invested in temporary or permanent sports books. Some have taken innovated approaches. Not being afraid to try new things and concepts is the 1st step of successful evolution.
Online Gaming is the 2nd step toward the move away from your parent’s gaming venue. Your father goes to the casino on a Friday night and the craps tables are crowded. He struggles to find a spot on the rail. The minimums are slightly higher because the demand to play is at an optimum level. You don’t have that issue if you play online because you can play at any denomination you like, and you can always get into a game. The mobile or tablet experience is going to take gaming to another level.
Gaming is about to expand in New York and Washington DC. The revenue opportunities are huge in both regions. The prospects of more jobs and tax revenue that can be used for public needs are substantial. Some of the keys that successful operators utilized will be shared in a future post. You can follow me on Twitter and get updates about the expansion of gaming in New York and Washington DC.