Top Online Casino Payout Rates

Most all top online casinos voluntarily subject themselves to regular audits (usually monthly) by a qualified and reputable third party firm, such as Pricewaterhouse Coopers (PwC). These audits generally focus on two aspects of the online casino’s operations: their random number generator and their payout rates. The latter — payout rates — is the subject of this article.

An online casino’s payout rates are displayed as a percentage — that being the percentage of incoming wagers that are paid out in winnings. As you can imagine, the higher the payout rates, the better. The top online casinos are often considered so, in part, precisely because they offer the highest payout rates.

A top online casino with the highest payout rate in video poker may not have the best payout rate for slots. Payout rates vary within top online casinos for each individual game. If you’re planning on joining a top online casino for a specific game — be it poker, craps, baccarat, video poker, roulette, blackjack, slots, keno, or any other top online casino game — check the top online casino’s payout percentages for that specific game.

Top Online Casino Payout Rates Overall: Grand Online Casino (98.42%), Golden Palace Online Casino (98.15%), Sands of the Caribbean (98.11%), USA Casino (98.09%), 32Red Casino (97.97%), Ladbrokes Casino (97.68%), Casino-on-Net (97.63%), InterCasino (97.13%).

Top Online Casino Payouts for Slots: Slotland (98.00%), Casino Las Vegas (97.50%), Golden Palace Online Casino (97.18%), Royal Vegas Online Casino (96.59%), Aztec Riches Casino (96.51%), Yukon Gold Casino (96.31%), Shark Casino (96.49%), Casino Kingdom (96.15%), Ladbrokes Casino (96.03%).

Top Online Casino Payouts for Video Poker: Jackpots in a Flash Casino (99.53%), Lucky Nugget Online Casino (99.11%), Crazy Vegas Casino (99.07%), Lucky Emperor Casino (99.03%), 7 Sultan Casino (99.00%), Royal Vegas Online Casino (98.77%), Swiss Casino (98.70%), Spin Palace (98.60%), RiverBelle Casino (98.59%), Roxy Palace Online Casino (98.58%).

Top Online Casino Payout at Table Games: Casino Kingdom (99.62%), Mummys Gold Casino (99.52%), Aztec Riches Casino (99.22%), 3 Diamond Casino (99.19%), 49er Casino (99.10%), Casino Domain (99.01%), Challenge Casino (98.98%), Crazy Vegas Casino (98.91%), Cherry Casino (98.69%), Captain Cooks (98.57%).

Top online casinos that get their payout rates audited will almost always publish the results of each audit on their website for anyone — member or non-member — to view. They’ll even keep archives of all their past audits, also open to public viewing.

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Land Based Casinos Vs Online Casinos

There is a growing debate between the popularity of land casinos versus online casinos. While the basic format of the casinos is the same, the debate comes when choosing a casino to suit you, the player. Choosing the type of casino is a difficult choice, but once the type of game has been decided, there are several points to note on the different casinos.

The slot machines are the key to deciding on the better type of casino, as they give a good indication of the level of game play in the casino itself. While the slot machines themselves are similar, in that you insert the coin and pull the handle, hoping to match the symbols to win the prize, the differences are many, and it’s important to understand these differences when making your decision.

The payout of the machines has a large impact on the decision. A land based casino has a considerably smaller payout percentage than an online casino. This is mostly due to the overheads that the land casinos have to pay out to run the casino. For example, they have mechanics, waiters, cleaners, and dealers, and these are paid through the house profits of the machines. An online casino usually only has a few workers that require payment. In this way, the payouts are generally higher, and will entice a larger customer base due to the increased rates.

The larger customer base of the online casinos largely attracts more customers. The more people playing the machines at one given times increases the popularity, thus making it seem as though there is an advantage to playing the slots at that particular casino. There are so many online casinos that each site has to offer the best service in order to keep your custom. Land based casinos have no real need to do this, because the chances of having another casino in the same city are quite small, and people rarely want to travel a long distance to find other slot machines.

If you do decide to travel to another land based casino, it is important to be aware that the casinos may have dress codes, or other rules to follow that may be different to the previous one you visited. An online casino is a great way to sit in the comfort of your own home without having to worry about what to wear, or what to eat. It is up to you to decide how you spend your time, and your credits whilst playing for the top prizes. It is also possible on many online sites to chat to other users via a chat function, so that you still have the interaction with other players.

It is easy to fall for the gimmicks that can be put up on certain casino sites, making it impossible for you to win any prizes. Sometimes, the lack of winnings could be down to the player not being used to that particular machine. In a land based casino, it is therefore wise to play at a number of different slot machines to find the right one for you. However, this could prove costly, and you could end up spending your money before you’ve found a machine that works for you. With an online casino, there is always a section where you can either download a trial version of their machines, or enter a java page. This enables you to play the slots for free, and implement any strategies you have before playing with real money.

There is a worry that using your own money is not safe with an online casino. Credit card fraud is a common crime, and it is wise to be wary about giving your details over the internet. To ease your mind, casinos use a secure server that transfers any money quickly and easily, and generally doesn’t store any personal information where it can be accessed by other users. Confidentiality is a major factor when creating an account with these sites, and the owners of the casinos understand that in order for you to keep playing their wide range of games, they must stick to their own rules.

When thinking about the wide range of games, a land based casino doesn’t offer the same variety. Mostly this is due to space in the room, and the cost of having many different machines. There is also the fact that only one person can be playing the same game, so there may be an empty machine in one area, and a queue in another. Because an online casino deals with the software for a certain machine, there is no limit to how many can play, and there is an unlimited amount of space to have a wider variety of machines.

To entice customers to play their games, many casinos offer many bonuses. A land based casino will typically offer bonuses such as luxury holidays in the form of hotel visits, cruises or plane tickets. These are offered with the requirement of obtaining a certain number of points or wins, or for being a member of their casino for a given length of time. It is sometimes difficult to obtain these points, as there is no guarantee of keeping the same machine for a long period of time to build up the points that you need for the prizes. The benefits to playing online are endless. Casinos offer similar rewards to their land based predecessor, and there are no limits to the length of time a player is allowed to use the machines. To help you with the ability to play these games, many casinos will give a player free credits, or free games to play the machines as a bonus for being on the site for a certain amount of time. Downloading software versions of the slots means that players have no time restriction, and is free to come and go as they please, and will always be able to play that particular game.

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Varities in Online Casino Games

What is Online Casino Games?

Online casinos, also known as virtual casino or internet casino are an online version of traditional casinos. Casinos you go to, to play black jack or cleanly slot machines. Online casinos permit gamblers/players to play and gamble on casino games through the Internet.

These types of online gambling casinos generally offer unusual and payback proportions that are comparable to land-based casinos. Some online casinos declare higher payback percentages for slot machine games, and some publish expense percentage audits on their websites. Assuming that the casino royal is using an appropriately programmed random number generator, table games like blackjack have an established house frame. The payment percentage for these games is established by the rules of the game. Reliability and trust issues are usual and often questioned in casino net. Many online casinos rent or acquire their software from well-known companies like Wager Works, Microgaming, Real time Gaming, Play tech and Cryptology in an attempt to “piggyback” their reputation on the software manufacturer’s integrity. These software companies either utilize or assert to use random number generators for online casino gambling to ensure that the numbers, cards or dice emerge randomly.

In free casino games, whatever you like betting, you will be able to make your choice between different sites and online casinos without downloading on your computer any software. The games are represented in your browser plug-ins such as Macro media Flash, Macro media Shock wave, or Java which will permit your computer to display the sounds, images and games in virtual casino.

The online gambling player will find on online casino a great range of games such as Baccarat, Blackjack, Craps, Roulette, Slot Machines or Video Poker. If you are a devoted Bingo online player, many sites such as will give you the thrill you are looking for some of them offering to succeed free vacations or tours by casino net, if you make a deposit before a certain date.

Online casinos also propose to new members/players signup bonuses when they create their first deposits in casino royal. It usually equals a percentage of the player’s deposit with a dollar maximum, and most of all online casinos require a minimum dollar amount.
With online casino, you can have fun all the games you want, from Baccarat to Poker.

Baccarat

Baccarat game is played with cards; it is an online casino gambling game that was first introduced into France casino royal from Italy during the sovereignty of Charles VIII of France. There are three alternatives of the game: baccarat chem in de fer (railway), baccarat banque (or a deux tableaux), and punto banco (or North American baccarat). Baccarat is a simple game with only three results, player, banker and tie. These are just options on which the gambler can bet.

Blackjack

Blackjack is the most well-liked casino card game in the casino net world. It is as famous as twenty-one (vingt-et-un) or Pontoon, originated from French casinos in the 1700s. The recognition of blackjack is mainly known to the card counting (keeping track of which cards have been played since the last shuffle). Blackjack hands are achieved by their point total. The hand with the highest total wins as long as it doesn’t go beyond 21 (vingt-et-un).

Roulette

Roulette is a casino and gambling game and comes from a French name sense “small wheel” which is accurately what Roulette is. It was invented in the 17th century by a gentleman name Blaise Pascal. To make it more pleasing to gamblers, two other Frenchmen François and Louis Blanc added the “0″ to the roulette in classify to boost the odds. Later on in the 1800s, roulette was brought into the United States where a second “0″ was added “00″ to increase the odds even more. A player can gamble on numbers, combination, ranges, odds/evens, and colors in virtual casino. The croupier turns the wheel which has 37 or 38 singly numbered sections in which the little ball must land for free casino games. The main sections are from 1 to 36 and every other sections is red and black, with number one being red. There is also a green compartment numbered 0. In most roulette wheels in the United States but not in Europe, there is a second 0 compartment marked 00, also colored green. If a player bets on a single number and wins, the costs is 35 to 1. The gamble itself is revisited, so in total it is multiplied by 36. You can play the roulette on online casino Royal and will have the accurate same results as if you were in a real Vegas casino.

Slot Machines

Slot machines are most likely the most popular form of online casino net and you will find so many of them on each online casino site you’re going to. Online casino slot machines are coin controlled with three or more reels, which spins when the person triggers the handle on the side of the machine. Inside the slot machine is a currency detector that validates the money inserted by the player. The machine will only pay off when the symbols will match, for example 3 hats or 3 dollar signs. Sometimes, the player can win with only two parallel symbols. It is the same with online virtual casino slot machine the player will pay with a credit card a definite amount of money and click on the icon to play. Due to modern computer technology, there are now many variations of the slot machine concept and it represents about 70% of the average casino’s income.

There are so many online casino net websites now offered, that the player/gambler will have no problem choosing what he wants to play. You can surf on different online casino websites to do online gambling and see which one you like finest and suit your needs, no matter what you will find your gambling pleasure.

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Casino Reinvestment and Expansion

The Proper Care & Feeding of the Golden Goose

Under the new paradigm of declining economic conditions across a broad spectrum of consumer spending, casinos face a unique challenge in addressing how they both maintain profitability while also remaining competitive. These factors are further complicated within the commercial gaming sector with increasing tax rates, and within the Indian gaming sector by self imposed contributions to tribal general funds, and/or per capita distributions, in addition to a growing trend in state imposed fees.

Determining how much to “render unto Caesar,” while reserving the requisite funds to maintain market share, grow market penetration and improve profitability, is a daunting task that must be well planned and executed.

It is within this context and the author’s perspective that includes time and grade hands-on experience in the development and management of these types of investments, that this article relates ways in which to plan and prioritize a casino reinvestment strategy.

Cooked Goose

Although it would seem axiomatic not to cook the goose that lays the golden eggs, it is amazing how little thought is oft times given to its on-going proper care and feeding. With the advent of a new casino, developers/tribal councils, investors & financiers are rightfully anxious to reap the rewards and there is a tendency not to allocate a sufficient amount of the profits towards asset maintenance & enhancement. Thereby begging the question of just how much of the profits should be allocated to reinvestment, and towards what goals.

Inasmuch as each project has its own particular set of circumstances, there are no hard and fast rules. For the most part, many of the major commercial casino operators do not distribute net profits as dividends to their stockholders, but rather reinvest them in improvements to their existing venues while also seeking new locations. Some of these programs are also funded through additional debt instruments and/or equity stock offerings. The lowered tax rates on corporate dividends will likely shift the emphasis of these financing methods, while still maintaining the core business prudence of on-going reinvestment.
Profit Allocation

As a group, and prior to the current economic conditions, the publicly held companies had a net profit ratio (earnings before income taxes & depreciation) that averages 25% of income after deduction of the gross revenue taxes and interest payments. On average, almost two thirds of the remaining profits are utilized for reinvestment and asset replacement.

Casino operations in low gross gaming tax rate jurisdictions are more readily able to reinvest in their properties, thereby further enhancing revenues that will eventually benefit the tax base. New Jersey is a good example, as it mandates certain reinvestment allocations, as a revenue stimulant. Other states, such as Illinois and Indiana with higher effective rates, run the risk of reducing reinvestment that may eventually erode the ability of the casinos to grow market demand penetrations, especially as neighboring states become more competitive. Moreover, effective management can generate higher available profit for reinvestment, stemming from both efficient operations and favorable borrowing & equity offerings.

How a casino enterprise decides to allocate its casino profits is a critical element in determining its long-term viability, and should be an integral aspect of the initial development strategy. While short term loan amortization/debt prepayment programs may at first seem desirable so as to quickly come out from under the obligation, they can also sharply reduce the ability to reinvest/expand on a timely basis. This is also true for any profit distribution, whether to investors or in the case of Indian gaming projects, distributions to a tribe’s general fund for infrastructure/per capita payments.

Moreover, many lenders make the mistake of requiring excessive debt service reserves and place restrictions on reinvestment or further leverage which can seriously limit a given project’s ability to maintain its competitiveness and/or meet available opportunities.

Whereas we are not advocating that all profits be plowed-back into the operation, we are encouraging the consideration of an allocation program that takes into account the “real” costs of maintaining the asset and maximizing its impact.

Establishing Priorities

There are three essential areas of capital allocation that should be considered, as shown below and in order of priority.

1. Maintenance and Replacement
2. Cost Savings
3. Revenue Enhancement/Growth

The first two priorities are easy enough to appreciate, in that they have a direct affect on maintaining market positioning and improving profitability, whereas, the third is somewhat problematical in that it has more of an indirect affect that requires an understanding of the market dynamics and greater investment risk. All aspects that are herewith further discussed.

Maintenance & Replacement

Maintenance & Replacement provisions should be a regular function of the casino’s annual budget, which represents a fixed reserve based on the projected replacement costs of furniture, fixture, equipment, building, systems and landscaping. Too often however we see annual wish lists that bear no relationship to the actual wear & tear of these items. It is therefore important to actually schedule the replacement cycle, allocating funds that do not necessarily have to actually be incurred in the year of accrual. During a start-up period it may not seem necessary to spend any money on replacement of brand new assets, however by accruing amounts to be reserved for their eventual recycling will avoid having to scurry for the funds when they are most needed.

One area of special consideration is slot machines, whose replacement cycle has been shortening of late, as newer games & technologies are developing at a much higher rate, and as the competition dictates.

Cost Savings

Investment in cost savings programs & systems are, by their very nature and if adequately researched a less risky use of profit allocation funding then almost any other investment. These items can often take the form of new energy saving systems, labor saving products, more efficient purchasing intermediation, and interest reductions.

These items have their caveats, one of which is to thoroughly analyze their touted savings against your own particular application, as often times the product claims are exaggerated. Lease buy-outs and long term debt prepayments can sometimes be advantageous, especially when the obligations were entered into during the development stage when equity funds may have been limited. In these cases it is important to look at this strategy’s net effect on the bottom line, in comparison with alternative uses of the monies for revenue enhancing/growth investments.

One recent trend is the growing popularity of cash-less slot systems, which not only provide labor savings for fills, counts and hand-pays, but also serve as an aid to patrons who do not like to lug around those cumbersome coin buckets, while also encouraging multiple game usage.
Revenue Enhancing & Growth

Leveraging is the key catalyst of any revenue enhancing/growth related investment. It includes the following:

o Patronage Base
o Available Funds
o Lands
o Marketing Clout
o Management Experience

The principal is to leverage the use of the available asset towards achieving higher revenues & profitability. Typical examples include increasing average patronage base spending and widening the effective trading radius, by offering additional products/services, such as retail stores, entertainment alternatives, recreational/leisure amenities, overnight accommodations, more restaurant choices, and of course, expanded gaming.

Master Planning

Anticipation of potential growth and expansion should be fully integrated into the project’s initial master planning so as it assure cohesive integration of the possible elements in a phased-in program, while also allowing for the least amount of operational interruption. Unfortunately, it’s not always possible to anticipate market changes, so expansion alternatives must be carefully considered.

The Big Picture

Before embarking on any type of expansion and/or enhancement program we strongly recommend first stepping back and assessing the property’s present positioning relative to the market and competitive environment. As we have observed in numerous gaming jurisdictions around the country, often casino ventures that have been operating “fat and happy” for a few years, find themselves in a zero-growth period. Sometimes this is due to competition stemming from either/both new local area casinos or regional venues that have the affect of reducing patronage from peripheral area markets. Additionally, the current customer base may become bored with their experience and are seeking greener pastures. The historical growth of the Las Vegas strip is testament to the success of continually “reinventing” oneself.

Our approach to these market studies is initially focused on determining the degree to which the current facility is penetrating the potential market and in relationship to any competitive market shares. Typically, this represents an analysis of the current patronage base in terms of information gleaned from the player tracking data base, and mailing lists, coupled with day-part, daily, weekly, monthly and seasonal revenue trends.

This data is then interfaced with an assessment of the overall market potential to indicate the extent to which certain market segments are utilizing the facility and the needs it is fulfilling. More importantly however, is that this type of analysis will indicate those market segments that are not utilizing the facility more fully, and why.

Occasion Segmentation

As our proprietary studies have indicated, casino markets are segmented by various characteristics of occasioned-use that also include typical spending & visitation patterns. The traditional methods of market measurements, including gravity models, usually only weigh the demographic characteristics of a given population, based on revenues achieved in similar markets. However, an occasion segmentation market analysis reveals more detailed information as to the reasons precipitating a casino visit, how they relate to the benefits being sought, and the degree to which the occasion determines average spending and visitation frequency. This type of data mining is far more helpful than gravity modeling, in that it can help determine the type of facilities and positioning strategies necessary to attract each market segment, by measuring their relative contribution to the aggregate potential. The process has been successfully employed in the restaurant business and other leisure time service industries, especially amid a widening supply/demand marketplace.

Perhaps even more importantly, looking at the market from an occasioned-use perspective, reveals the extent and characteristics of the underling competition, that, in many cases not only include other casinos, but also alternative entertainment and leisure time activities, such as restaurants, clubs, theaters, and the like.

Demand Density

Another important aspect of occasion segmentation is in measuring overall market characteristics by day-parts, which is revenue density by time of day, day per week, weekly, monthly, and seasonally. This is especially important data when casino venues are seeking to lessen any higher than normal fluctuations that may be occurring between a slow Monday morning and a packed Saturday night; or that experience severe seasonal variations.

By segmenting markets by their demand patterns, a better understanding can be gained of which amenities may help bolster the weak demand periods, and those that may only add to the already maximized peaks.

Many expansion programs often make the mistake of configuring additional amenities such as high-end restaurants and lodging elements based on the peak demand periods. As a result, the net effect of costs & expenses for these investments can negate any contribution they may make to increased gaming revenues. Rather, “fill-in” markets are the most efficient means to increase overall revenues, as they utilize existing capacities. Las Vegas has achieved great success in creating strong mid-week activity through promotion of its extensive conference/convention facilities.

Amenity Driven Markets

Another benefit of utilizing occasion-segmentation is its ability to also indicate the potential impact certain amenities have on “impelling” visitation. While gravity models examine the casino related spending characteristics of a given market area, the formulas cannot measure the relative impact of any non-gaming driven activities that could nonetheless generate casino traffic.

Important data relating to the population’s occasioned-use of restaurant, entertainment, and weekend getaways can often form the basis on which to focus amenities designed to cater to these markets; and by so doing, increase visitation. Whereas many of these patrons may or may not utilize the casino, their exposure to the opportunity may hasten their use, while also creating an additional profit center.

Again, looking to the Las Vegas paradigm, more and more of the strip properties are now generating as much, if not more, non-gaming revenues than gaming revenues; as their hotels and restaurants are less & less subsidized, and along with their growing retail elements, represent strong contributors to the bottom line.

Program Development

Once equipped with a basic understanding of the market dynamics, both in terms of the existing facility’s current market shares/penetration rates in relationship to the competitive mix, and the overall occasioned-use of the market, a matrix can be created that sets the demand against the supply. This function seeks to identify areas of un-met demand opportunities and/or over supply, that forms the spring-board to the creation of relevant amenities, expansion and upgrade criteria & strategies.

Impact Criteria

Essentially there are two types of expansion/upgrade strategies: subsidized and profit-centers. Subsidized elements may include adding and/or improving amenities that will further widen current gaming market penetration/shares, thusly having a direct impact on growing casino revenues; while profit centers are designed to further leverage current patronage patterns with additional spending opportunities, and having an in-direct effect on gaming activity. Although many of the more traditional amenities, such as restaurants, hotels, retail shops, entertainment venues and recreational facilities can fall into one or both of these categories, its important to make the distinction, so as to clearly establish the design/development criteria.

Upgrading/Expansion

As has been previously discussed, Las Vegas continually seeks to reinvent itself as a means to increase repeat visitation, that in itself creates a snowballing affect as each venue must keep-up with its neighbor. To some extent upgrading programs, that may include creating a new and fresher look, is a lot like an insurance policy against slipping revenues, and do not necessarily relate to any incremental growth per se. Not to be mistaken for replacement programs of worn carpeting and slot machine recycling, an upgrade program should seek to create new excitement about the facility in terms of ambiance, quality of finishes, layouts, and overall décor.

Expansion of existing capacity is less a function of market analysis and more a function of “making hay while the sun shines,” based on a thorough understanding of the visitation pattern densities. Patron back-ups for gaming positions and restaurant tables can be both good and bad, depending on when they occur and how often. High per position per day net win averages are not always a sign of a prospering casino, as they could also mean lost opportunity because of an insufficient number of games. Conversely, additional positions are not always going to generate the same averages.

When initially configuring capacities for a new facility, it is important to fully evaluate the demand patterns into their respective day-part components that will maximize penetration during the peak periods while minimizing inefficiency – the point where the costs associated with additional capacity is exceeded by its net income potential.

Food & Beverage Amenities

Within most casino venues, restaurant amenities are “loss leaders,” designed to retain & attract casino patrons with low prices and great value; yet they have the ability to both widen occasioned-use of the casino, while also representing potential profit centers.

In Nevada, which is the only state where detailed historical F&B departmental operating results are available for casinos, properties with gaming revenues averaging between $20M to $200M showed food operations having a net departmental loss of 1.5% of sales in 2001, versus almost a 14% loss in 1995.

Much of this major turnaround is due to the growth in the number of food outlets, especially more upscale/specialty restaurants, which has spurred sales from 20% of gaming revenue in 1995 to almost 27% in 2001. Moreover, food costs have been reduced sharply from 45% in 1995 to 35% in ’01.

As the previous discussion on occasion-segmentation revealed, a consumer’s choice of a casino visit can sometimes compete with other entertainment/leisure time activities, including dining out. Having a market relevant restaurant facility within the casino can serve to attract the dining-out destination market, with the casino benefiting from its proximity. Therefore when market conditions indicate changes in a casino’s restaurant configuration, the questions to be addressed are how can they be designed to satisfy the current patronage base, widen occasioned-use, and improve profitability.

Lodging Elements

With turnkey hotel development costs ranging between $75K to $350K per available room, a market positioning strategy had better be well studied. Yet we see many such projects undertaken with little understanding of the market dynamics and economic impact.

Nationwide, according to our most recent survey, there are 724 casinos around the country; comprised of 442 commercial operations, about half of which are located in Nevada, and 282 Indian gaming venues, of which 209 offer most, if not all, of Las Vegas type (Class III) games. Roundly 58% of casinos in the commercial gaming sector have co-located hotels, compared with 37% of Class III Indian gaming venues, despite their containing a similar average number of games.

The high preponderance of hotels within the commercial sector owes to some gaming jurisdictions requiring them; including Nevada (for an unrestricted license) and New Jersey. Moreover, much of the Nevada market demand stems from beyond a daytrip radius, making overnight accommodations necessary in order to gain market share. When extrapolating these states from the total, the percentage of all commercial casinos with hotels drops to 50%, with an average of 312 rooms & 1,183 games.

The obvious advantages of casino lodging units is their ability to attract gaming markets from beyond the typical day trip radius, while also having a somewhat “captured” market (Casinos with Hotels). Moreover, guest rooms can be another perk-use for player club points. Hotels also widen a casino’s occasioned-use by offering non-gaming leisure activities & amenities, augmented by the ready availability of gaming, while also representing another profit center (Hotels with Casinos). Additionally, within a traditional lodging setting, a casino/hotel has a competitive advantage by virtue of its added entertainment features.

Among the major Las Vegas properties there are more hotel rooms than games, as the city transits from a gaming destination to more of a resort & convention destination. In so doing these properties increased their hotel profitability and investment returns by not having to offer low rates to attract gamers. Whereas, some areas such as Laughlin and Reno, which do not enjoy the critical mass of a Las Vegas, still find it necessary to supplement their hotel investment with casino revenue, due to low room rates and large seasonal visitation fluctuations

In configuring a casino hotel development it is therefore important to understand the market and financial dynamics and their impact on overall gaming revenue and profits. Within the free-standing (non-casino) hotel industry, financing terms are usually over a 15 to 20 year amortization schedule with a ten year balloon/refinance, and have a break even point that approaches 65% to 70% occupancy. Typical casino based lodging elements enjoy high occupancy levels on the weekends, but low levels weekday. It is therefore incumbent not to “build a church for Easter Sunday,” keeping in mind the overall efficient use of the asset.

Moreover, if the intent is to attract additional casino patronage from a wider market radius, it is important to evaluate the cost of any hotel subsidy versus the potential increase in gaming profits. A new 200 room hotel at a casino already generating 20,000 weekend visitors, may only be adding 2% to 4% more players, while exposing itself to higher costs. In regards to occasioned-use, especially among tourists and weekenders, casino hotels may also be competing with alternative resorts in the region.

Ideally, these types of facilities, when not situated in markets with insufficient local/day-trip markets (e.g. Laughlin), should be configured on the basis of their non-gaming related and off-peak period support so as to maintain relevant room rates and adequate levels of profitability. They should also include those amenities these markets are seeking, including, where applicable: conference and convention facilities, and indoor/outdoor recreational elements.

Albeit more of a niche market, RV Park facilities are a less intensive investment in overnight lodging facilities that can nonetheless offer some of the same benefits. According to the latest data, there are more than 9 million households in the United States that own RVs, and represent one of every ten vehicle owning households. Many of these households include the 55 & over age groups, who have a higher than average gaming propensity and annual income.

RV Park development costs are well below those for hotels, but usually have a high seasonal use, peaking during the summer months in temperate resort environs and in the winter months in the “snowbird” areas.

Retail/Outlet Shops

Retail/Outlet shopping is gaining a major foothold at casino venues across the country. First represented by casino logo shops and a few high-roller/jackpot-winner positioned boutiques, these stores have now grown into major malls and entertainment centers. The Forum Shops at Caesar’s Palace in Las Vegas enjoys the highest per square foot sales of all retail malls in the U.S., and the growth in retail sales in the city is significantly outpacing that of gaming revenue. The presence of these shops serves as both an activity to the area’s 35 million annual visitors, who are now spending less than 4 hours per day actually gaming, as well as a major profit center that leverages the visitation base.

In less resort destination type markets, outlet malls are strong traffic generators from which a casino facility can draw patronage. On a smaller scale, casinos can widen their occasioned-use by offering unique and indigenous shopping that is especially positioned to attract the “adjunctive” daytripper market. The extent and characteristics of these stores should be scaled to the potential market, current visitation trends, and any local ambiance.

Entertainment

Although entertainment is a mainstay in casino environments, stemming from the Rat Pack days in Las Vegas, to today’s imposing concert/arena venues and specialty shows; their market dynamics are much misunderstood. They are at once, diversions, attractions, profit centers, and public relation tools. They can however, also generate major losses, and therefore should be well studied to determine their appropriate configuration.

With most major entertainment events occurring during the weekend periods the attracted audiences may not have any significant impact on a likely already busy period. Therefore it in incumbent that the specific event be structured so as to at least break even or turn a small profit. While this is somewhat self evident, the more central issue is the entertainment venue’s ability to also amortize its initial development cost investment. Outdoor facilities can sharply reduce construction costs, but also are prone to weather vagaries and seasonal use. Moreover, party tents and temporary structures usually do not have the cache of a fixed venue that is an integral part of the casino facility.

Recreational Facilities

There is a lot of attention these days being given to the development of recreational facilities at casino venues, especially those associated with resort projects. Golf courses are a common adjunct to many resorts, and many Indian communities enjoy the advantage of having access to the ample land areas and water rights these types of undertakings require.

As with all of the other revenue enhancing reinvestment alternatives discussed herein, recreational facility development should be considered within the context of its ability to generate additional casino patrons and/or serve as a profit center. Whereas golfers traditionally have a high gaming proclivity the association of golf with a casino is not exactly in sync, given the length of time required for a typical round. Moreover, even under the highest utilization rates, a typical 18 hole golf course will only accommodate about 140 players per day, while the national average in year round environments is about 100 rounds per day. This is not a lot of additional players for the casino, even if all of them gambled, and especially considering the cost of an average course, excluding land, ranging between $5M to $15M.

However, golf course development as part of a resort package and/or to fill a local market demand can have many non-gaming related benefits. From a resort development standpoint, a golf course as well as other recreational elements can add to the facility’s competitive positioning, to the point where its development/operating costs can be recaptured through higher room rates/green fees. Many traditional golf courses also “pencil-out” when incorporating fairway home sites, which have a particularly higher value than non-golf course sites. Given the trust status of Indian lands, this may be somewhat problematical on reservation lands, unless some sort of long term land leases could be negotiated for the home owners.
Planning/Financing & Implementation

Once all of the salient market factors have been considered and weighted against their cost vs. benefits, a comprehensive reinvestment & expansion program can begin to take shape. A design & construction team should be assembled that can help further interpret the program in terms of creative and value engineering input, while also maintaining its established market positioning and financial strategies.

Importantly, the program should illustrate how each element will be coordinated into the overall facility fabric and the manner in which it will be financed. Some funding can stem from reserved profit allocations, while others independently funded with additional debt, whose amortization has been factored into the overall project’s feasibility analysis.

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Commercial Casinos Energy Policy Act Tax Opportunity

The Casino Environment

Before the recent economic downturn, commercial casinos collected at least $30 billion in revenues each year from 2005 through 2008.1 During this period, US casino owners built new facilities and expanded the size of their existing facilities. As a result of the economic downturn, new US commercial casino construction has come to a screeching halt and casino operators are now focused on existing facility cost reduction.

The Section 179(D) Tax Provisions

Increasingly, casino operators are taking advantage of the EPAct IRC section 179(D) commercial building energy efficiency tax provisions, which have been extended through 2013. EPAct tax deductions are available for qualifying energy reductions in lighting, HVAC(heating, ventilation, and air conditioning), and building envelope. (Building envelope consists of the building’s foundation, walls, roof, windows, and doors, all of which control the flow of energy between the interior and exterior of the building.)

The Nature of Casino Properties

Commercial casinos often encompass hotel resorts, which offer attractive packages of services for their corporate and family customers. Casinos are particularly suited to EPAct because of their large gaming floors, hotel occupancy rooms, meeting halls, and parking garages. Each of these features typically consumes large square footage and the EPAct benefit has a potential for up to 60 cents per square foot for each of the three measures described above. Some of the smallest commercial casinos are about 50,000 square feet while most American casinos are typically over 100,000 square feet. One of the largest ones, MGM Grand on the Las Vegas strip is almost 2 million square feet. Hotels themselves are the most favored of Section 179 building category. (See “Hotels and Motels Most Favored Energy Policy Act Tax Properties”)

It is common to think of commercial casinos as located in two states Nevada and New Jersey. While it is true that these two states have the largest commercial casino revenues, there are 12 states with commercial casinos in the United States, the other commercial casino states are: Colorado, Illinois, Indiana, Iowa, Louisiana, Michigan, Mississippi, Missouri, Pennsylvania, and South Dakota. Members of the American Gaming Association have publicized some of their commitments to energy reduction. Reporting casinos include Boyd Gaming Corporation, Harrah’s Entertainment, Inc., and MGM Mirage. They have projects which include significant energy savings via cogeneration, ERV(energy recovery ventilation), more efficient HVAC units, replacing incandescent lights with energy efficient lightings, windows with energy efficient day lighting systems, solar thermal storage and numerous other energy saving initiatives.

The underlying rule set to qualify for the Section 179D lighting tax deduction makes casinos and particularly casino hotels the most favored property category for the tax incentive. The rule set requires at least a 25% watts-per-square foot reduction as compared to the 2001 ASHRAE (American Society of Heating Refrigeration and Air Conditioning Engineers) building energy code standard. Full tax deduction is achieved with a 40% watts-per-square foot reduction compared to the ASHRAE 2001 standard. The ASHRAE 2004 hotel/motel building code standard requires 40% wattage reduction, which means that any hotel or motel lighting installation that meets that building code requirement will automatically qualify for the maximum EPAct tax deduction.

Occupancy Rooms

For most other building categories, the Section 179D tax provisions require compliance with the bi-level switching requirement. The comparison is always based on wired rather than plug-in lighting. Casino hotel occupancy rooms have a major advantage in that they often use plug-in lighting, and because these rooms function as hotel and motel spaces, they are specifically excluded from the tax bi-level switching requirement. Since occupant rooms are usually one of the larger spaces in hotel casinos, casinos are typically able to use energy efficient lighting to generate large EPAct tax deductions for the facility.

Back of the House Spaces

Casinos often have large kitchen, storage, and laundry (so called back of the house) spaces that have historically used T-12 fluorescent lighting. This lighting is so energy inefficient compared to today’s lighting products that it will be illegal to manufacture in the United States after July 1, 2010.4 Once manufacturing of these prior generation lighting products ceases, the cost of replacing these inefficient bulbs will increase. Simply stated, casinos should consider acting now to replace these lighting fixtures to save both energy and lamp replacement costs. The EPAct lighting tax incentive can be used to address the opportunities related to these legally mandated product changes

Ball Rooms, Banquet Rooms and Restaurants

These areas of casinos have historically used designer type lighting that is energy inefficient and often very expensive to maintain and replace. In particular, replacing bulbs and lamps in high ceilings is very costly since expensive mobile hydraulic platform equipment must be rented or purchased to handle the replacements. New lighting products and, in particular, light emitting diode (LED) products, use a fraction of the energy and have a much longer useful life and are now being substituted. The combination of large energy cost reduction, operating cost reductions, utility rebates and EPAct tax deductions can greatly improve the economic payback from these more costly lighting upgrades.

Parking Garages

Many casinos have large adjoining parking garages that can save substantial energy costs and generate large tax deductions by upgrading to energy efficient fixtures. In Notice 2008-40 issued March 7th, 2008, the IRS announced that parking garages are a property class that is specifically entitled to use the EPAct tax deductions. Also, parking garages are excluded from the tax bi-level switching requirement. Please see the September, 2008 International Parking Institute article devoted to parking garages EPAct lighting deduction tax opportunities.5

Slot Machines and Gaming Floors

One of the biggest energy users on hotel gaming floors is slot machines. Although these were early adapters of fluorescent technology, even these energy efficient bulbs normally have to be changed 3 times a year because of 24/7 operating hours. Due to the high labor maintenance costs, casino owners are now transitioning to LED technology in their slot machines. LED’s, while they have higher up front costs, have high energy efficiency and much longer life cycle, offering significant savings in labor and maintenance costs.

HVAC

Casinos because of their typical 24 hour occupancy can achieve significant energy cost savings from energy efficient HVAC systems. In particular, Nevada’s hot climate further makes energy efficient HVAC a very worthwhile investment. Fortunately. Nevada with the highest revenues from casinos has America’s second highest capacity for energy efficiency through renewable geothermal energy.6 Certain categories of very efficient HVAC investments will often qualify for the HVAC EPAct tax incentive including geothermal and thermal storage.

LEED Casinos

We expect to see more casinos obtain LEED status. (See LEED Building Tax Opportunities Article7). In 2008, The Palazzo, Las Vegas Casino became the largest LEED certified building and one of the first certified LEED casinos in the US.8 Casinos and hotels find that certain categories of frequent travelers are very interested in staying in facilities that have clearly demonstrated they are focused on the environment and sustainable design. To become LEED certified, a casino must have a building energy simulation model created by a qualified engineer. Modeling is also required for the EPAct, HVAC and Building Envelope tax deductions. Qualified tax experts that know how to make the adjustments to convert LEED computer models to EPAct tax deduction models can evaluate LEED models and determine whether large tax deductions are probable. For example, a 500,000 square foot LEED casino that qualifies for the maximum EPAct tax deduction will receive an immediate tax deduction of $900,000 =(500,000*$1.80). Casino owners who understand the magnitude of these benefits can use the tax savings to help justify the costs related to achieving LEED status.

Conclusion

Casinos because of their large subspaces are a favored building category under the EPAct commercial building tax deduction legislation. Property owners who understand these opportunities can act during the current economic downturn to improve their facilities, reduce operating costs and potentially become LEED certified facilities.

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A Novices Help Guide To Payday Cash Loans

Get fast $100 payday loans online Aurora Colorado low interest .

Payday loans are something you must fully grasp prior to deciding to acquire one or otherwise. There is a lot to think about when you think about obtaining a cash advance. Consequently, you are likely to desire to increase your knowledge about them. Read through this post to find out more.

Get fast payday loans online Preston in England no credit check

Be particular in who you notify you are obtaining a cash advance. Several maintain a very adverse view of the marketplace, and may also appearance on you for having to deal with a paycheck lender. You have ample tension because it is during the cash advance, so do not add to it.

Make every attempt to get rid of your cash advance by the due date. If you can’t pay it back, the loaning company may possibly make you roll-over the loan into a replacement. This brand new one accrues their own group of service fees and financing charges, so officially you might be spending individuals service fees a second time for a similar funds! This is often a critical strain in your bank account, so intend to spend the money for loan off of instantly.

By no means affiliate your self-esteem using the paycheck lending sector. You might be not necessarily a bad particular person since you must remove a cash advance. Things happen to anyone. Also, even though paycheck lender workers give you funds does not necessarily mean they love you. They can be, actually, only conducting business and so are supplying you with your very own profit advance, to acquire much more of your hard earned dollars.

If you are looking to get a cash advance but they are nervous about the possibilities of it, you must loosen up. Know that most of the adverse connotations associated with cash advance are certainly not correct. If you acquire only whatever you can manage and shell out it again with the thanks time, it should be a straightforward practical experience.

If an unexpected emergency is here, and you also needed to make use of the expertise of a paycheck lender, make sure to repay the payday loans as soon as you may. A great deal of people get them selves in an far worse fiscal bind by not repaying the loan promptly. No only these financial loans have a maximum twelve-monthly percentage amount. They also have pricey additional fees that you simply will find yourself spending if you do not repay the loan by the due date.

If you are considering a cash advance, have great credit history and might extra a couple of days, take into account seeking as an alternative to a social lending solution. It is a method which pairs debtors and creditors jointly centered away from the requirements. The prices are generally far less pricey compared to a cash advance, nevertheless it usually takes two or three days to finalize the procedure.

If you do not know significantly in regards to a cash advance but they are in eager need of one particular, you may want to speak with a loan skilled. This may be also a friend, co-staff member, or loved one. You would like to actually are certainly not receiving scammed, so you know what you are actually stepping into.

An effective hint for anyone taking out payday loans is, to ascertain an excellent reputation of by the due date payments, with similar lender each time you require a loan. Doing this will help you to have a increased volume the very next time you really need it.

Prior to getting in, know that payday loans are certainly not an effective usage of your hard earned dollars. When you have any other (authorized) option rather than a cash advance, consider that option as an alternative. Payday loans consist of amazingly substantial service fees, and interest rates that may do more harm to your current personal budget than great. Just use payday loans as range of final option.

Tend not to make your cash advance payments delayed. They will document your delinquencies on the credit history bureau. This may adversely affect your credit ranking to make it even more complicated to get standard financial loans. If there is any doubt you could repay it when it is thanks, do not acquire it. Locate an additional method to get the funds you require.

Practically we all know about payday loans, but most likely have in no way employed one particular because of baseless anxiety about them. In relation to payday loans, no-one needs to be hesitant. Since it is an instrument which you can use to help any individual obtain fiscal stableness. Any anxieties you could have had about payday loans, needs to be went now that you’ve check this out post.

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Exotic Thailand Travel

Thailand is considered as south East Asian treasure where tourists are provided with an opportunity to experience and relish modern splendors and traditional charm of this spectacular travel destination. It is also one of the most visited travel destination with spectacular Uncategorized surroundings. Thailand travel takes you along this golden land and be a part of its warm hospitality. The Thailand’s cool season runs from November until the end of February. One can initiate their holiday in Bangkok and can also explore the other regions like Pattaya, Phuket, Karbi and Koh Samui, Kanchanburi and many other hidden vacation spots of Thailand in the south east of Asia. Along with all these stunning destination tourists can also experience the throbbing night life, scrumptious and appealing Thai cuisine, rich culture and traditions, shopping in the splurging malls on top the warm hospitality of Thai people.

You will be glad to know that temples and religious places of Thailand are recognized by the world.

Thailand holiday packages offer all facilities inclusive of accommodation, travel, sightseeing and taxi booking to avoid any sort of unwanted confusion in your holiday. Whether your interest lies in exploring the country side or visiting the more popular tourist spot Thailand holiday packages offers everything as per your requirement and need. These packages offer wonderful water activities for the adventure lovers too. These packages customize your holiday as per your requirement and need. They offer packages that are very logically priced and do not burn holes to your pocket. These packages for Thailand takes you to beaches and islands and provide a grouping of pleasure, exotic locales, activity, and amusement and vacation that one desire. The place also offers a wide ranging nightlife. These packages also provides you with an opportunity to get involved in many aquatic activities such as scuba diving, sailing, parasailing, diving, undersea walk, submarine ride, water scooter ride and much more. In short we can say that Thailand holiday packages are the best way to explore this country within any hassles of making arrangements.

So if you want to surprise you family by taking them to a journey where they can find pristine beaches, fascinating wildlife, exotic Uncategorized beauty and rich cultural heritage Thailand is one such destination that will cater to all your needs and will offer you lifetime memories. So book your tickets now and avoid last minute confusion and enjoy a wonderful stay in Thailand.

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Comparing Online Travel Services To Your Local Travel Agent

Sites such as Expedia, Orbitz, and Travelocity claim to offer the best price – sometimes even guaranteed. They may even claim to offer the best rates on a luxury world cruise, a trip that travel wholesalers publicly prefer to be sold by agents. The emergence of online travel sites have put many agencies out of business, and claim to have conquered the consumer base by offering quality product at a lower cost. When you call your local travel agency and ask for a price quote on an air and hotel luxury travel vacation package, most consumers will check against one of the more popular travel websites to see what prices better. True, two thirds of the time, you will find that the Internet will beat the travel agent price by about $150. The travel website will assure you that it is the same package. The resorts and hotels are aware that you are going to be in the most unfavorable rooms, in fact, that is why they sold them to the Internet travel site at a discounted rate in the first place.

Travel service sites proudly proclaim that they are able to further save customers money by selling large volumes of travel and collecting a smaller fee. Orbitz and Travelocity do have a large volume of travel reservations made, but what little they make in commission they make back in changed or canceled reservations. Most travel agencies offer a travel insurance that covers you and your travel companions if you should have to cancel for a medical or personal emergency.

American Express Travel offers a cancel for any reason insurance that even covers your airline tickets. These Internet booking engines are now beginning to offer “insurance,” but it rarely covers cancellations in full. Your local travel agent is there to offer the customer care you need back at home while you’re traveling abroad. When it comes to planning luxury travel vacation, you are truly better off using a travel agent. If you don’t like your room, your travel agent can have it fixed in a matter of moments. Travel agents are not focused on quantity, but quality. So travel safe, not sorry, and call a travel agent to hear more benefits that each agency offers their clients

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Publishing Industry Jobs

As recently as five to seven years ago, careers in the publishing industry were actually limited because of the small number of existing publishing houses, and the majority of those have been privately owned for generations and remain so today. However, many opportunities exist in the publishing industry because of the new innovative technology that has arisen out of the Internet.

Probably the most obvious job within the publishing industry is that of an author. The second most well known or recognized job outside of the publishing industry is that of a literary agent, and the third is editor.

Authors write the material or texts that are to be published. They submit their work to literary agents who forward the work onto the editors of publishing companies. Sometimes authors will forward their work directly onto the editor, foregoing the agent who will take a percentage cut of the author’s paycheck.

If the author is really lucky, the editor will call him directly with a job.

One of the problems is letting go of out-dated thinking and processes. While some places may have a ‘top-down’ problem, others have leadership that actually do think in terms of the 21st century and new media opportunities. But they are most likely the exception. Part of the problem is one of a slow-to-change work culture.

There are many (great) veteran editors and sales people in publishing companies near and far that have held on tightly to the same way of doing things; editors used to only have to work on a print version of a magazine and sales made fairly easy commissions on recurring print advertising. Now editors frequently have several outlets to satisfy (print, web, podcast interviews, webcasts and, yes, videos) while sales people have to sell sponsorships for these new content vehicles. Sales people also need to understand these new technologies to convincingly sell them.

Thepeople working in desktop publishing use a computer software in order to produce and format publication material. They basically use numbers, text and data to prepare the publication material. The publication material can range from newsletters, newspapers to magazines and books.

There is a huge demand for people in the desktop publishing industry. In fact the statistics show that about 4 out of 10 desktop publishing professionals work in various newspapers, books, periodicals and directories. Every 1 professional out of 4 work in the printing industry and other related activities.

The statistics also show that employment figures are also expected to grow faster in the near future.The jobs are easily accessible for people with a certificate or degree. To receive a degree you can get a training from an accredited vocational school or college. The time that you’ll have to invest in order to get a certificate in desktop publishing is not much, in fact it in about a year, what it takes to get yourself a desktop publishing certificate.

There are other lesser known jobs in the publishing industry other than author, agent, editor, and publisher. One of these lesser known jobs is that of author publicist. The publicist takes the published book, the author, and puts together a public relations campaign that goes beyond simply marketing. If the author is a growing phenomenon, chances are that the publicist can be seen right beside the author during book tours.

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Is Leisure Associated With Travel Agency?

Travel agencies are the travel specialists which have revolutionized the world of traveling, add the flavor of leisure and comfort to it. They join hands with airlines, tour companies, hotels along with cruise lines so as to give door step services to the customers like hotel stays, transportation, tours, car rentals making traveling a more enjoyable, convenient and affordable event on passengers part.

All the facilities like food, destination management, insurance, trade fair, air travel tickets etc are arranged in different packages catering to the needs of different kinds of customers.
They also inform their customers regarding tourist attractions, weather conditions, restaurants and other necessary details. Good Travel agents access all types of information and knowledge about the places that can be traveled and are in demand giving a wider choice to customers to choose from.
They prove to be the best insiders who give worthy travel tips of every sort ranging from family travels to business travels, air travels to packing and these tips immensely help to visit the city or country with great pleasure and convenience. Pay less with a travel agent!

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