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Jumat, 04 September 2015

Gambling Tips 101 - An Insider View

Every summer when I am invited to a barbeque or cookout, the conversation will always come up.
Someone will ask how is business? My response is always "good". Then someone else will ask
"What do you do?" Once I tell them  I work for a casino, there is a smile and then a revelation.
The range goes from I love your place to I have never been there. The commonality between each is they want to know how they can win. I feel like a stock broker being ask for a tip on the next move from Wall Street. I want to be invited back next summer.

                                                         


My Top Three

 
 
 
Tip One - Learn the game. Before you invest your money, read a brochure or google the rules of the game. Some of the rules variate from casino to casino. Odds are still against you but you'll understand what you are doing.


Tip Two - Find a strategy. Every game has a plan. You should have one. The percentages favor the house regardless. A great motivational speaker said failing to plan is planning to fail. Some moves are smart. Most moves are lucky. Many are dumb!

Don't be DUMB!
 

Tip Three - Be responsible. This tip throws the crowd every time. It stunned you as you read it. The
dictionary definition of responsible is having an obligation to do something, or having control over or care for someone, as part of one's job or role. My job is to see that there is responsible gaming. This means not letting someone play if they are impaired. It also includes restricting play once a designated set of continuous hours has passed. So use this tip and keep the game fun. I would elaborate and share more. But I am headed to another cookout.
 What more can I ?

                                                           

                                             Have a great Labor Day Weekend!

      You can follow me on Twitter at https://twitter.com/GamingguyM and Facebook
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Kamis, 02 Juli 2015

Gaming Mid Year Review 2015

In case you missed it, we have hit the halfway point of 2015. If you are into gaming entertainment,this has been 6 months of speculation throughout the industry.
Here are the highlights of 2015 with my bold predictions of what happens by the end of the year.
 
 
 
 
Casinos proposed in North Jersey with tax revenue going to Atlantic City. Prediction -No.
Governor Christie supports it. New Jersey has a 30% approval rate of him. They will reject
his initiative.
Atlantic City has the Pier and Revel reopening.  Prediction - The Pier reopens while Revel
does not. Bart Blatstein's track record in Philly shows he can develop a project and make it
appealing. Nothing definitive for Revel until 2016.

 
    
Pennsylvania gets online gaming this year. Prediction - No! The interest is there but the difference on the tax rate will morass the process. The budget for fiscal year 2015-16 will take center stage with taxation and educational expenses. Gaming will take a backseat.
 
 
California and New York will have online Poker. Prediction - No! Not enough support to sustain traction. They will revisit the issue in 2016 to beat a proposed federal ban.

Sports Betting will be approved outside of Nevada. Prediction - Yes. This is the year of acquising to popular opinion. A landmark Supreme Court ruling regarding marriage. The legalization of marijuana use for recreational and medicinal purposes is a further example of giving in to public demand and making a profit. Can you spell prohibition? Sports Betting is something that is accepted by the public and some of the professional sports leagues. Fantasy Sports wagering is just the precursor to allowing gambling on a live event. Once approved in New Jersey, Pennsylvania will lobby for it as well.

                           Share a comment if you choose. Have a wonderful Fourth of July!

            You can follow me on Twitter at https://twitter.com/GamingguyM and Facebook
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Selasa, 24 Februari 2015

Online Gaming and Tropicana Atlantic City: Q&A with Luisa Woods - Executive Director of Internet Marketing

 
 

I was able to meet with Luisa Woods,the director of online and internet marketing with Tropicana Casino in Atlantic City.  Luisa is primarily responsible for overseeing the entire online remote gaming. She provides strategy, planning and budget guidance. Luisa also mentors her team across various online marketing disciplines dedicated to acquisition and retention of digitally-connected customers.
Luisa was part of the Mobile and Tablet Summit in Atlantic City and participated in a panel at the G2E 2014.


Luisa  made time for a series of questions about the 1st year of online gaming in New Jersey. These 8 made the final cut.
 
1). What are the positives about the 1st year of online gaming in New Jersey?  
 
New Jersey has historically been a pioneer in the gaming industry. The state looked to maintain its leadership position by taking a step forward into i-gaming. The NJDGE had an enormous challenge to bootstrap a new industry vertical in a very short period of time, with a series of constraints that have not existed previously in other markets. The fact that we have demonstrated that a region can successfully operate online gaming within its physical borders is a big success.
 
An additional positive outcome is the growing evidence we’ve built to demonstrate that online gaming is not leading to cannibalization. This is most evident in the poker vertical, since online is a relatively larger piece of the market. In the aggregate, revenue from poker has grown with the launch of online poker. For example, monthly poker rake in Atlantic City for October of 2013 was about $2.9M versus about $4.3 million in October of 2014.
 
Another success we are seeing is the creation of both jobs and expertise in the i-gaming industry in the state. When other markets are ready to launch, they will be able to look to New Jersey for best practices in successfully implementing regionalized regulated gaming.
            
2). What were the challenges during the 1st year and where is the industry now in relation to those concerns?  
The biggest challenges the industry faced in our first year dealt with ensuring that only eligible patrons were permitted access to the system. Eligible patrons are individuals over 21, physically located in New Jersey, who are not on any restricted gaming lists and who are who they represent themselves to be. There have definitely been challenges with executing against all of these requirements that have slowed the rate of adoption and industry growth, and of course we err on the side of caution. It is critical that no one gains access to the system who should not be permitted to do so. But the industry as a whole continues to innovate and push forward. Our geolocation solutions are improving all the time, as well as our expertise in assisting patrons who do encounter problems to navigate third party systems to be able to successfully play.
 
3). Tropicana has shown consistent growth with the online numbers. What do you attribute that to?
Our growth should really be attributed to a lot of hard work by many talented people. It’s been a combination of effort and focus on the customer. Gamesys, our technology partner, have been a huge part of that success. Their product delivers what our patrons want.  In addition, the land-based marketing team here at Tropicana has worked side by side with the i-gaming team to offer a seamless customer experience. And that results from a leadership team that has always supported the vision of i-gaming as an extension of our commitment to deliver more to our patrons.
 
4). Do you see Poker, Slots or Casino games as the cornerstone of the online market? 
Poker needs liquidity to be successful, which makes it challenging in a market with limited population. But ultimately, customers have their preferences. I don't see any one area dominating the others. We as operators respond to the demand of our patrons. We bring them familiar games that they know from the property while introducing new games and experiences like our popular Community Jackpot feature that can be triggered by any spin on any game.  It pays out a jackpot to the person who won it, and a shared jackpot to all of the other patrons who have played for real money in the previous hour. We believe that market leadership comes from giving our customers what they want.   
5) How did the Mobile and Tablet Summit heighten the awareness about online gaming?
Every time professionals in the industry come together, they not only share knowledge, but bring attention to the industry. The fact that people like you attend, and share what you see and hear is a huge boost for us. The many facets of expertise, including legal, government, banking, security, marketing and software, all impact each other. We need to maintain an ongoing dialogue. This conference brought positive attention to our industry and is a win for the participants.
 
6). Has online gaming grown your customer base?
The 1st year of i-Gaming has definitely brought incremental growth for Tropicana Atlantic City. Of course, the majority of our revenues come from our land based resort. But many patrons who are choosing to play online are not existing TropAdvantage members, so they’re completely new patrons to us. That number is holding steady at around 60% of our online patrons. Of the remaining patrons in our system, about half are active players at the property, and the other half have not been to the property within the last year. These are people who are returning to the brand. 
 
7). What mobile device (if any) is the preferred medium of your clientele?
Without giving away any proprietary details, I can tell you that we’re seeing trends very similar to what is happening in the marketplace as a whole. More and more of our patrons are adopting mobile, both as a way to join our online casino, and a way to play. We do see a higher level of play on Apple devices over Android, which I would attribute to the fact that Apple has permitted us to put our app in their online store.
 
 
8). I am a customer that only plays in your brick and mortar casino property. I love to come down to dine at Cuba Libre twice a month. How would you convince me to play online?
First of all, we would take the opportunity of your visit to make you aware of our online product. When you come to the property, you would see signage everywhere. If you’re staying with us, it is even on the room key when you check in. Next, we focus on trying to create synergies between online and offline play. We leverage the resources of the property as rewards that patrons can earn or win. And to top it off, you'll earn TropAdvantage tier points that benefit you when you visit the property.
I'm convinced!
I want to thank Luisa for her time. She showed her excitement with her answers and stated she is extremely happy to be working for Tropicana. She cited the leadership of Tony Rodio and the power of Tropicana's brand as components for success.
 

 
             You can follow me on Twitter at https://twitter.com/GamingguyM and Facebook
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Jumat, 26 Desember 2014

Christmas Wish List for the Gambler in You



This is my Christmas Wish List for The Gambler in you. This hypothetical list is for the person that loves gaming entertainment and would get ecstatic about any of these wishes.


In Theatres Now!
My top ten:

10). You win a spot on "So You want to be a Millionaire" and the categories selected that day are subjects that you have unlimited knowledge about. $$$.

9).You are a blackjack player and the count is in your favor. Only people playing are you and the dealer.  
Blackjack




8).You just met a comedian and he is at the start of his career. You help him. Then you reconnect 30 years later. See Steve Harvey for how it turns out.

7). You bought stock in a start up name Google at the very beginning and income average 50 a pay for the 1st three years. Google trades at the market price of $516.35.

6). You bet a 10 team parlay in NFL and your 1st nine games have covered. The last game is Monday Night. You wager half of what you'll collect on the parlay ticket on the other team, guaranteeing a profit of 50% for you.

5). Dream the numbers for Powerball. You wake up that morning and play them. They come out that night.

4). You're at the WSOP and you have pocket aces. The flop has the other two. You are at the final table and the other player goes all in.

3). On the crap table and the shooter rolls for 90 minutes. You start with 64 across and you press every other time a bet hits.
Gamblers love a streak!

2). You bets sports and you wager on a team that goes on a streak. Example, Golden State in NBA basketball just won 16 in a row. You bet using the money line so the spread doesn't matter.

1). That just one of these things happens to you in your lifetime.

                                                   Merry Christmas and Happy Holidays!  

                             You can follow me on Twitter at https://twitter.com/GamingguyM and Facebook
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