Some cities in the US have not fared as well as others since the recession and Detroit Michigan is one of them. All you have to do is drive through the city and you can easily see the desolation- boarded up homes, homeless, and abandoned business storefronts. The city took its huge toll due to its reliance almost-completely on automobile manufacturing.
The city had no secondary market to speak of and this put millions of people in a difficult financial state. Throughout the city more than sixty-percent of residents were employed at various manufacturing plants. When they shut down, it put a huge group of people in the unemployment lines. This of course led to a myriad of other problems to work with- people suddenly had to deal with foreclosures and joblessness. This put an added strain on the entire state.
Now, Detroit is still struggling but legislators there have a plan. One of the most lucrative hobbies in the states today is online gambling. Legislators all over the world know how much money comes in thanks to gambling and are fully ready to explore the possibilities for the future. It isn’t all positive though- there is plenty of change going on in terms of gambling that could leave the market that much more strained for that much longer.
One of the biggest problems Detroit gaming officials have had to deal with is the shutting down of Greektown Casino and Hotel. This was formerly a big money-maker for the state but since the recession it has not been performing as well as it did in the past. Eventually the casino had to file for bankruptcy and shut down.
Though there were still some patrons coming in, most were unable to continue to wager at the same levels they did prior to the recession. Their lack of patronage is what caused the decline in revenue. The city should not be completely counted out though when it comes to gambling. They are replacing this closed-down casino with a new $245-million gambling facility.
Last month Michigan introduced an online gambling bill where issues licenses for Online Casino and Internet Poker and gives a chance to take part on the iGaming industry. This bill will allow wagers on online gambling sites if the bill pass along with the agreements.
The hope is that the online casinos will be able to not only replace the old revenue stream, but double and even triple it in the future. This is something that the city needs to truly start to turn things around. The millions of tax revenue dollars in potential are enough of a reward to keep pushing for gambling development.
Gamblers are more discerning than ever due to how much they are wagering. There was a time when gambling was a niche market. This was when the people who gambled came only from a small group of people. In the 40’s it was mobsters and entertainers who were thought of as gamblers. “Everyday people” were not privy to the high- roller tables,which it was thought were the only kinds at the casino.
In later years that all changed because suddenly people started to find that casino games were no longer in the ‘high roller” category only. Developers realized that they could increase their revenue if they brought games to their casinos that were more varied in wager requirement. This is where they started to work with the low-wager player.
Games like slots played perfectly with this type of gambler. Suddenly people were able to wager as they wanted, but with a focus on their bankrolls the entire time. This opened a huge opportunity for gambling companies. They got to expand their markets with relatively little effort on their own parts. Making games that were low-wager was most likely the most beneficial thing that casinos could do. They expanded greatly as a result.
Researchers are looking into what gamblers expect from companies too. The lower wager requirement was just step one. What else do customers want in an online casino? Toluna Quick is a company that took a survey of 5,000 avid gamblers to find out the answers to this question.
Most gamblers consider maneuverability to be the number one element of gambling. In addition, they also consider problem solving to be primary in concern. And they want the instant-chat feature that only some games come with. This is why they are so ready to work with casinos and so discerning when they have to sort through them. Gaming has changed drastically over the past few years and players know exactly what they want.
This information is incredibly important to casinos because it means that they can build their marketing plans around the new knowledge. This is exactly what they are doing for their customers right now and likely it is going to pay off.
Players at casinos today have changed a lot in the past few years. Players used to be new to the games and were easily impressed. Just look at the rise in online slots gambling. Slots began over a century ago and were crude in model.
The original game was a three- reel game that had just one payline to it. There were no variations to work with and no special features or bonuses. Though this was the case, there still were plenty of people who took their chances at the games to see what the games had to offer. People were immediately enamored with the games and flocked to any location that offered them.
Here’s where there are changes though. If you took that same game now and placed it in the casino, likely players would scoff. They would take one look at the game and ask “Where are the multiple-action reels?”, “Where are the big payouts?”, “Where are the multiple paylines?” or “Where is the bonus game?” The answer of course was “There are none!” but today that is no longer the case. Due to how learned players have become, developers no longer keep games that simple. Now you can find slots games that come in three-, five-, seven- and even nine- paylines. You can find games with special casino bonus games within them and bonus free-spin extras.
This is how the games have changed over the years and is a sign of what attracted players a century ago and how it is no longer effective 100 years later.
Players today know full well that they are in control of how games develop. They are dictating what the casino companies are developing. Market research is showing that players want a number of extras now because they know that they are possible. People are experienced enough with games that they know how much is possible.
Gambling companies have no choice but to offer the games people want due to how competitive the market is. There are more options than ever in the world of online gambling and keeping up is necessary for any iGaming company to keep in operations.
This is good news for the gamer because he or she knows that no matter what, they are going to be thoroughly entertained and hopefully walk away with a good payout in return too.
There are a lot of different elements to an online gambling real money business. The biggest one thus far is software though. Think about it- what is the one thing that players have to work with? Software!
They know that a game is only as good its software developer. The market right now is shifting to one of online-based. There used to be a time when if you wanted to buy something or order a service, you had to go to a physical location. The retail and service businesses had taken over and offered billions of consumers the items they needed. This is what the market was built on.
With the rise of the internet though that all changed. The bottom line for online businesses is that since the birth of the internet, they have had to restructure their entire storefront. No longer are businesses concerned with physical layout, as much as they are concerned with online presence. They want to create online storefronts that are able to attract as many consumers as possible. This is a completely different marketing pursuit.
When buying was a physical movement, consumers had to be attracted visually by the displays and counter set-ups that managers put together. The same is true of the internet, but it now is a completely shrunk-down version.
Rather than having a huge floor to display things, business owners have between 12 to 18 –inches of space to attract and keep customers. Developers are the new IT business that online casino businesses are looking to. They want to be sure that they are offering the best layout because this is what they are going to attract – or push away—consumers with. Developers are the ones who are now in high demand. They are working at record speeds to come up with new programs. This includes the casino world.
Top online casinos sites are the also in the same predicament of attracting customers as quickly as they can. The competitive nature of the world of gambling is making developers that much more in demand. This is where things are likely going to continue to shift to programming and developments in the future.
Expect that developers are going to be pushed to their limits also in coming years. Online companies are ready for the demand too- they are squaring out millions of dollars in future development to make sure that they are number one on the list of casino sites providers.