Online casinos offer better value for gamblers than brick-and mortar casinos. Online casinos do not have the overhead of Atlantic City or Las Vegas casinos and are therefore able to offer higher odds and better bonuses. Traditional land-based casinos draw visitors with fancy restaurants and glitzy hotels. Atlantic City was the first place to legalize gambling in 1976. Las Vegas casinos understood that they had to offer more than just casino gambling to attract East Coast tourists. This was the birth of the Las Vegas Mega-Resort. The Mega-Resort is a resort that caters to all members of the family and has become a popular tourist destination. The cost to purchase the land and construct a resort on Las Vegas’ strip is estimated at $5 billion Online casino malaysia.
Foxwoods, a bingo hall built on Indian land, opened in 1986. Foxwoods opened a bingo hall on Indian land in 1986. In 1992, Foxwoods added casino games and slot machines in 1993. Atlantic City was now in the exact same position as Las Vegas . They had to offer much more than just gambling. Atlantic City approached the problem in the same way as Las Vegas. They poured money at it. Foxwoods attracted millions of people to its location. They grew throughout the 1990’s through the early 2000’s. Then, a downturn in economic conditions forced the states to relax laws regarding casino gambling. Today Foxwoods has the largest casino in the entire world, and smaller casinos are taking over their business. In order to attract top entertainment, they opened the MGM Foxwoods. This also costs money.
Next is online gambling. Online gambling is easier than local casinos. Online casinos also throw money at problems when they are losing customers. Online casinos do this by giving bonuses to players and not just with white tigers hanging out in the lobby.
Online casinos are managed from small offices with a few employees. These offices are located in small countries where legalized gambling is allowed and have limited taxes. Casinos pay licensing fees for the software they use. An online casino would be impossible to distinguish from a telemarketing agency by just looking at it.
Because of the low overhead, internet casinos are able to offer better odds than Vegas and bonus deposits. How often can a land-based casino match your initial deposit? New cyber gamblers are in fierce competition and there is an increase in bonuses. Problem is, online gambling isn’t exactly legal in the United States. Why? Because it isn’t taxed. This is where the problems begin.
The US Government doesn’t have an interest in any individual gambler. They are trying to stop the flow of money. The theory is that online casinos will cease to exist once money is scarce. Either gamblers will return to traditional taxed land-based casinos or tax laws will change so that online casinos are allowed to open. Las Vegas’ new law allows e-gambling within hotel rooms. However, several states are currently trying to tax online sales. Is this the new “Atlantic City”, for online casinos that are currently operating? Is there a better way to spend money on the problem? The answer is yes, and the cycle continues.