• CASINO GAMES


  • Deposit Methods


  • Bonus Guides


  • NEWS AND PROMOTIONS


    • Caesars Palace Sees Revenue Increase and Looks Towards Online Gaming


    It's a message that some may be sceptical about but Caesars Chairman, Gary Loveman, says that the gaming giant has been a proponent of online gaming right from the very beginning. With the increased appetite from other Las Vegas Strip bricks and mortar casinos for online gaming, Loveman sems to want to distinguish himself from what he apparently regards as Johnny Come Latelys.



    To be fair to Loveman, Caesars Entertainment Corp. has been involved in internet gaming for some time - it operates sites in other countries where the gaming laws are slightly more progressive, albeit in partnership with other companies such as 888 Holdings. Loveman expects it would take a little more than 12 months to establish an online casino following any legalisation legislation, due to lengthy licensing procedures. Reading between the lines, he also seems to suggest that the partnerships he already has will be the ones which will operate the potential U.S. facing sites - "because of the relationships we have in place already, I don't think we would have to sign any more deals that would dilute our earnings from internet poker."



    Caesars Entertainment Corp. has ten Las Vegas based resorts and another forty properties around the world and the company has recently reported a 12.8% increase in income, despite closures in recent months caused by Hurricane Irene and intense competition, particularly in Illinois and Indiana. It has expansion plans underway though and Ohio and Baltimore will see new Caesars casinos in the future.



    Nevada Revenue Drops 6%


    In slightly more depressing news for the Las Vegas economy, for the second month in a row Nevada has reported a drop in revenues. It's not entirely surprising as the previous three months had seen increases in revenue and the upward trend was always going to be a delicate one, reflecting the struggling state of the U.S. economy in general.



    baccarat appears to be a major player in the fortunes of many of the Strip casinos; it now makes up 30% of all table game revenues - ten years ago it comprised just 12%. Michael Lawton, from the Nevada Gaming Control Board, called Baccarat a volatile game and if it is removed from the revenue calculations, Strip income would actually be up just over 4%. Baccarat revenue was down 34.8% year on year, resulting in the overall gaming revenue fall, but still the third most lucrative September ever for the game. If Baccarat demonstrates one thing, it's the danger of relying on one game for revenue growth and neglecting other games.



    On the positive side, most operators believe that future indicators are healthy; visitor numbers were up and so was income from slots , poker , blackjack and other table games. As we've come to expect though, it's the companies with a foreign presence which are mainly producing the healthiest figures.



    Sitemap