Is Land-Based Casino Industry Endangered By Online Casinos?
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Online casinos offer more choices for gamblers than land-based casinos.
Online casinos bring Las Vegas to our homes. Land-based casinos are likely to be crowded out by their digital counterparts.
Land-based casinos are here to stay despite the advantages of online entertainment. Online casinos cannot replace the thrill and sensation of sitting at the bean-shaped table dressed up in your fanciest outfit and sipping an exotic cocktail.
Land-based casino industry is adapting to the new conditions. Many places have changed their looks and upgraded gaming floors to diversify the offering. Some establishments along Fremont St. accepted Bitcoin as payment for various hotel services including restaurants. People are paying for a lot more than just gambling. They are spending precious moments together with the loved ones. Online casinos are expensive. Land-Based Casino Industry is not endangered by online casinos.
Native American casinos still rule over the US, but they are expanding their business outside reservation lands. Commercial casinos are present in 25 states. Many punters from Southern California prefer to take advantage of the closer NA alternatives.
Nevada is America's largest commercial casino market. Atlantic City is second, followed by New Jersey. Canada has some amazing casinos that rival the most prestigious Vegas resorts. Australia has many high-class casinos. Macau keeps its leading position.
The UK is one of the largest and most prosperous markets in Europe. However, the gross annual revenues generated by the land-based sector are on decrease amid the growth of online segment. Gambling in the UK has been regulated by G gambling commission. Most of casinos in UK are operated by Malaysian-owned companies, Genting UK and Rank Group.
Monaco's four casinos reported an 11% growth in revenues that totaled €526m in 2019. Swiss casinos are also doing well, because they have exclusive rights to offer slot machines. Grand Casino Baden was the first to go online in Belgium.
Half of the land-based casinos in Germany are run by private enterprises and the other half by the state. Germany is the fourth-highest earner in terms of revenue compared to other European countries. Online gambling is currently prohibited, but a new interstate treaty intended to license gaming websites starting from 2021.
Online casinos have advantages, but nothing can compare to the authentic brick-and-mortar atmosphere. Land-based casinos will flourish.
