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Reduction of the number of slot machines in its casinos - Maryland
Over the past 15 months, the Maryland State casinos have lost a big share of their turnover because of the weak attraction on slot machine games. Slot machines are no more popular in Maryland; young players are more attracted by table games like roulette and card games while older players don’t stay longer anymore in front of slots. Suddenly, the three biggest casinos in the State - Maryland Live, Baltimore Horseshoe Casino and Hollywood Casino Perryville - decided to decrease by 16% their slots in activity which represents 1,350 devices, leaving more place in their room for table games, restaurant and other entertainment. Slot machine games are no longer profitable for casino, their decline penalizes casino players because of the tax rate between 57 to 61%, while tax on table games is only 20%.
But casinos are not prepared to withdraw their offer in machines. They are currently looking for ways to renegotiate the gaming tax and make the game more attractive. Note that the low attraction for slot machines in recent years affects most casinos in the country while these games were previously a real boon of the casino industry in the United States a few years ago. In Nevada, for example, the income of casinos fell by 20% between 2007 and 2014 because of lower interest of players on slot machines. To stem the problem, the number of slot machines has been reduced to 175,000 in 2014 against 217,000 in 2001.
Source: Oliver JOHNSON
Thursday, 11 June 2015
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