Casino layoffs continue as industry contracts
Casino layoffs have continued throughout 2017 as the industry contracts.
According to a report by The Associated Press, gambling revenue in the U.S. has been dropping for years, and casinos have been struggling to keep up. This has resulted in thousands of layoffs across the country.
In Nevada, for example, Caesars Entertainment has laid off more than 1,000 employees this year. Other casinos in the state have laid off hundreds of additional workers.
Similar layoffs have taken place in other states across the country. In Atlantic City, NJ, Trump Taj Mahal laid off over 1,000 employees in October 2016 after it filed for bankruptcy.
The trend is not expected to change anytime soon. With many states legalizing online gambling, brick-and-mortar casinos are losing business at an alarming rate.
This is sad news for the workers who have lost their jobs, but it is also bad news for the local economies that rely on casino revenue. These layoffs are only going to make things worse.
Atlantic City casino close their doors after Gaming board rule to not allow gambling on college campus
Atlantic City casino closed their doors after the New Jersey gaming board rule to not allow gambling on college campuses. The board ruled that casino cannot offer gambling services to students while they are on campus, which left the casino with no choice but to close.
This ruling comes as a response to the recent proposal by Democrats in the state legislature to allow Rutgers University and three other public colleges in New Jersey to offer casino gambling on campus. Republican members of the gaming board said that allowing casino gambling on college campuses would present a serious risk for young people.
The two casinos in Atlantic City, Caesars and Harrah's, both announced that they will be closing their doors next month. This leaves nearly 4000 employees without jobs. This is just another example of how the legalization of marijuana is hurting legitimate businesses.
Book of Misr slot machine proves to be a big hit in casinos across the country
It comes as no surprise that the Book of Misr slot machine is proving to be a big hit in casinos across the country. Developed by the world-renowned gaming provider Scientific Games, this Egyptian-themed game is sure to whisk players away on an adventure like no other.
With its five reels and 25 paylines, the Book of Misr slot machine offers plenty of chances to win big. In addition to its colourful graphics and exciting bonus features, the game also boasts an impressive 96% RTP. So what are you waiting for? Head to your nearest casino and give it a spin!
Nevada votes to prohibit all forms of online gaming, including Book of Misr
Thursday, February 23 - In a close vote yesterday, the Nevada state Senate voted to prohibit all forms of online gaming, including Book of Misr. The bill now moves to the state Assembly for a vote.
If passed, the bill would make Nevada the first US state to ban all online gaming. This would include not just casinos, but also poker and other games of skill.
Proponents of the bill argue that it is necessary to protect consumers from fraud and cheating. They say that online gaming can be easily rigged, and that players are not always able to get fair treatment.
Opponents of the bill say that it will damage the state's economy, and cost jobs in the casino industry. They argue that online gaming is safe and can be properly regulated.
Book of Misr is one of the most popular online games in Nevada. If the ban is approved, it is unclear whether the game will continue to be available in other states.
Maryland casino announces plans to launch its own online gaming site, including Book of Misr
A Maryland casino has announced plans to launch its own online gaming site, including Book of Misr, in partnership with gaming technology provider NYX Gaming. The casino is the latest in a growing number of U.S. casinos to foray into the online gaming market as a way to attract new customers and boost revenue.
"We are thrilled to partner with NYX Gaming and offer our players an exceptional online gaming experience," said the casino's CEO in a statement. "With its deep understanding of both the land-based and online gaming markets, NYX Gaming is the perfect partner to help us bring our world-class casino content to our players."
The new site will offer a wide range of slots, table games, and other casino staples, including Book of Misr. Players will be able to access the site from their desktop or mobile device and can enjoy playing for real money or just for fun.
For many years, online gambling was banned in the U.S., but that is starting to change as more states legalize it. In 2016, New Jersey became the first state to legalize online gambling, followed by Delaware, Nevada, Pennsylvania, and West Virginia. More states are expected to follow suit in the coming years as the potential benefits become clearer.
Legalized online gambling offers several advantages over traditional land-based casinos. It allows casinos to reach a larger audience while also providing a more convenient experience for players. Online gambling also offers faster payouts and bigger jackpots than traditional casinos. And since it's available 24/7, players can enjoy their favorite games whenever they want.
For casinos, online gambling is also a more lucrative business than traditional gambling. In New Jersey alone, online gambling generated nearly $200 million in revenue in 2017, up from just $22 million in 2014. This trend is expected to continue as more states legalize it, making it a potentially important source of revenue for U.S. casinos.
