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Online Casino trade outsmarts brick-and-mortar establishments

2016-08-30 10:42:49

August 30th, 2016

Today, the world of casino can be split into two categories. For one, traditional casinos continue to provide an establishment in which players can eat, drink, play games, and often have to dress well and pay a cover charge. Then, there are online casinos, which do not include the frills of conventional casinos but are gaining in popularity, precisely for that reason.

This trend is evidenced by the increase in annual revenues of online casinos, from 7.4 to 37.6 billion dollars, within a mere ten years, from 2003 to 2013. These figures are set to grow for the foreseeable future. Mobile technology adds a further revenue stream to the sector, which is thriving due to relatively low costs.

This shift from brick-and-mortar gambling to online casinos has made itself felt in cities renowned for their casinos – even in Las Vegas. Donald Trump’s casino chain filed for insolvency in 2014. Both Atlantic City and Macau casinos have been struggling for survival over the past years.

Las Vegas’s casinos, and other well-known gambling establishments, such as Spielbank Baden-Baden and Monte Carlo Casino, have developed into, what can be described as, a ‘holiday gimmick’. Holiday-makers, who are not per se gamblers, visit casinos while in the vicinity. This type of customer is less likely to continuously spend money at a casino over the duration of his stay, resulting in fewer profits for casinos.

Online casinos offer players apps, alongside their desktop casino versions. This has led to a revival of casino games such as Texas Hold’em, which as a result of technology has become a much faster game than its brick-and-mortar counterpart.