From the website NAGRA.org
https://cdn.ymaws.com/www.nagra.org/...bling_2015.pdf
From the website NAGRA.org
https://cdn.ymaws.com/www.nagra.org/...bling_2015.pdf
Sorry, do you know who Prof. Rose is? In no way, shape, or form is he a supporter of casino machinations. He is on our side. I keep refs and email alerts to his blog on the subscription forums because I believe he has a better understanding of international gambling law than any other human.
"I don't think outside the box; I think of what I can do with the box." - Henri Matisse
This is one of the dumbest opinion articles I’ve ever read. You could tell his anti-casinos bias from the first paragraph: “You know your industry is in trouble if the most current product you offer your 21st Century patrons is bingo.” What? I’ve been to a lot of casinos and never seen bingo offered. He must be going to different casinos then me. Lol
What planet has this guy been living on? The casinos industry is thriving...it’s not in trouble. Hasn’t he seen the growth of it here in NA? Casinos are opening up right and left. Has he ever been to Macau?
As far as his new technology replacing old technology examples, he could have also included stagecoaches. This one is used a lot to illustrate this point. There aren't as many stagecoat producers today due to the invention of the car. Lol. There are a lot of other good examples showing how new technology replaces old, and causes some industries to go out of business. It’s something everybody already knows.
It looks like this article was written by an Intellectual who had too much time on his hands. His basic point is Millennials don’t like slots, and yes, that’s a real problem for the caisno industry. I’ve read several articles on this and the things casinos are doing to try to address it. Making fun of casinos beacuse he thinks Bingo was the last invention in gambling is just plain silly.
Bingo has been in Vegas and surrounding areas for as long as I can remember. Although, I don't think there has been any bingo mid-Strip for a while. Red Rock alone has a 610 seat bingo hall. Gold Coast has over 700 seats.
He gave a presentation at the University of Macau six weeks ago and has written on the effect of the current trade wars on Macau. He was also in Macau in May for the International Gaming Summit and the Annual Review of Macau Gaming Law.
"I don't think outside the box; I think of what I can do with the box." - Henri Matisse
For those unfamiliar with I. Nelson Rose, go to http://www.gamblingandthelaw.com/ to get a sense of the extent of his knowledge and contribution to the field.
Norm, thank you for your reply. I know in my neck of the woods casinos are flourishing. It seems like every year a new one is opening. I think you missed my point when I said “has he been to Macau?”. I should have said has he seen what is going on in Macau? Casinos have exploded there over the last couple decades, to where I think that area has overtook Vegas. My point is the casino industry is not “in trouble”. That was the premise of his article. Are there things they can do to get better? Sure. But I think this is true with all industries.
As far as bingo, I’ve never seen it in a casino but it makes sense that there are some Vegas casinos that probably offer it.
I think you’ll find several gambling experts that would disagree with Rose’s belief that Bingo was the latest invention in gambling. I thought that was a cheap shot. He knew what he was doing when he made that comment. He was more or less making fun of the casino industry .
The casino industry makes it easy to make fun of the casino industry. As far as Macau, he is a visiting professor at the University of Macau. For a more complete view: https://en.wikipedia.org/wiki/I._Nelson_Rose.
As for the general condition of the casino industry, I think it certainly has troubles. It has continued to grow in overall revenue, but competition has increased dramatically. Las Vegas has been moving toward entertainment as a much larger part of its income. AC is still on shaky ground. Many casinos have gone under in the US. The largest opportunity is in sports betting. Macau has enjoyed enormous growth; but it is still a risk due to the vagaries of the Chinese government and some scandals.
"I don't think outside the box; I think of what I can do with the box." - Henri Matisse
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