Mon, Apr 29, 12:06pm by Staff Writer
The chief executive officer of gaming manufacturer Interblock predicts that electronic table games will take up more floor space inside casinos across the United States in the next five years, according to Casino.org.
Speaking at an event last week at the University of Nevada Las Vegas, Interblock CEO John Connelly said innovative tables and stadium gaming is the future of the industry.
“Within the next five years, if you want to sit in front of a human and play a live table game, it’s going to be a $2,500 per play option,” Connelly opined.
“All of the table games below that will be automated.”
Scientific Games Senior VP Roger Snow agreed. He said ETGs are more appealing to younger gamblers.
“This is what’s coming to a casino near you,” Snow state.
“It reminds me of that line in Back to the Future where Michael J Fox said, ‘You guys may not be ready for this, but your kids are going to love it.’”
Less than 24 hours after his comments, Connelly’s Interblock broke news that the company reached a partnership agreement with regional casino giant Penn National Gaming.
The deal gives Interblock exclusivity on new product installations at 20 Penn National casinos.
Connelly said Interblock would deploy various products to the casinos including standalone automated video units, bar tops, and stadium gaming setups.
Interblock explains with fewer live dealer tables, operating expenses are reduced and profits increased.
Hollywood Lawrenceburg, Ameristar East Chicago and Hollywood Toledo are the first Penn National properties that will bring new Interblock products to its casino floors.
Interblock says its stadium automated games “attract core gamblers who like the security and comfort of their own station and new players who can experience the fun of live tables while learning at their own pace.”
Executives at Foxwood Resort Casino in Connecticut spoke earlier this month with Casino.org about plans to modernise the integrated resort and create social media-worthy experiences.
Interblock Gaming Manufacturer CEO Predicts More Electronic Tables and Stadium Setups in Coming Years https://t.co/9g5ujrt4qA
— 20black (@20black5) April 28, 2019
Anika Howard, vice president of brand marketing and digital for the tribal property said numerous upgrades designed to bring new customers in have already been implemented.
She pointed to such non-gaming attractions as TopGolf, zip lining, indoor go-karting and escape rooms.
In terms of the casino floor, Howard is working closely with several gaming manufacturers.
The American Gaming Association – the industry’s leading lobbying group in DC – said last month that technological advances must be embraced by casinos and state gaming regulators.
“Change truly is the new normal in our industry,” AGA senior vice president of Public Affairs Sara Slane declared.
“As technology continues to disrupt the gaming world, regulatory reinvention must keep pace.”
A United States controlled territory in the Caribbean could soon begin to offer sports gambling.
A bill has been drafted that would allow both in person and online wagers in Puerto Rico that would also open doors for gambling on fantasy sports and esports.
According to an article in Caribbean Business, Puerto Rico Governor Ricardo Rosello announced the bill last Monday.
It was drafted by Representative Nestor Alonso Vega, the chairman of the House Tourism Committee, and Rosello believes that legalised sports gambling could attract anywhere from $44 million to $66 million in taxes each year.
The bill seeks to create a new Gaming Commission that would be responsible for creating the regulations for the sports gambling industry and for issuing licences to operators.
That commission would be composed of seven individuals from the public and private sectors and would work closely with the Financial Institutions Commissioner’s Office, which would be in charge of overseeing the market.
According to Rosello, “this industry has the potential to convert Puerto Rico into a jurisdiction in the vanguard of allowing the establishment of this new model, which will have a positive effect on our economy.”
“We have worked on aggressive legislation that aspires at being able to market the island at the international and national levels as an attractive destination for the millions of people who bet on sports events,” he said.
The tax rates to be assessed are in line with what has been seen in a number of American states.
In-person bets would incur a six per cent tax and online wagers an 11 per cent tax.
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