Featured Editorials

How casinos can make more money with less cost. By Victor H. Royer

I happen to be old enough to remember the TV Show “Kojak”, starring Telly Savalas. In his role as Detective Theo Kojak, he made this catch-phrase world-famous. “Who Loves Ya, Baby?” became the “in” phrase of the 1970’s – at least for a while.

But what does that have to do with casinos and gambling?

It has to do with customers. The good, and the bad. And no, not the ugly, as in that famous Clint Eastwood spaghetti Western. And it applies both to the casino operators, and equipment manufacturers, particularly slot makers.

Felix Rappaport, President & CEO, Foxwoods Resort Casino talks to Stephen Karoul

Slot machines have been around for quite some time now. The story begins back in the 20^th century when The Liberty Bell Machine was presented as the world’s first slot machine.

Decades later, slot machines can be found everywhere - in brick and mortar casinos, at online casinos and even on mobile devices. Players seem to love these seemingly simple games and they can’t stop spinning the reels that every now and then treat them with mouth watering prizes. Hence, the question that many people ask themselves is: “What makes slot machines so addictive?”

The importance of obtaining a secure facility for storing cash and chips in casinos.

It is not surprising that compliance regulations in the gaming industry are among the most stringent of all businesses. The UK is one of the largest contributors to the international gambling industry, generating a gross gambling yield of £6.2 billion between October 2011 and September 2012 according to the latest available figures.

The Gambling Commission is the regulatory body for commercial gambling in the UK and was set up under the Gambling Act 2005. Its list of responsibilities includes work to ensure that licensees act in accordance with the requirements imposed by the Gambling Act 2005 and other related regulations and standards.