Buzzard
Buzzard
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June 22nd, 2014 at 7:19:30 PM permalink
I should start a new thread but I am too lazy. What is the future of table game exhibits at G2E . Bally had 12,000 square feet last year. This year they will have 13,800.
Wondering how much space Roger will have. I predict a lot less and less eye candy. Raving has not yet got a firm commitment from Galaxy. Not saying they won't offer a prize again, just they have not committed yet. Are e tables ever gonna gain a real foothold in casinos ?
Shed not for her the bitter tear Nor give the heart to vain regret Tis but the casket that lies here, The gem that filled it Sparkles yet
beachbumbabs
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beachbumbabs
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June 23rd, 2014 at 12:04:18 AM permalink
Quote: Buzzard

I should start a new thread but I am too lazy. What is the future of table game exhibits at G2E . Bally had 12,000 square feet last year. This year they will have 13,800.
Wondering how much space Roger will have. I predict a lot less and less eye candy. Raving has not yet got a firm commitment from Galaxy. Not saying they won't offer a prize again, just they have not committed yet. Are e tables ever gonna gain a real foothold in casinos ?



The industry trend, according to Geoff Freeman and (can't think of his name) the CEO of the Golden Nugget, is towards table games, because that's what the youngest demographic wants. Slots square footage is receding over the last 5 years, and casino players don't want a single-player slots experience; they want a more social experience, and they want some skill in their gaming. Slots are considered the primary activity for age 60+; younger than that, it trends more and more to tables. Good news for us both, Buzz.

Take a look at Casino Journal from June 2014, with a very detailed discussion of this. It was the keynote topic at Southern Gaming Seminar in May.
If the House lost every hand, they wouldn't deal the game.
AcesAndEights
AcesAndEights
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June 23rd, 2014 at 7:21:12 AM permalink
Quote: beachbumbabs

The industry trend, according to Geoff Freeman and (can't think of his name) the CEO of the Golden Nugget, is towards table games, because that's what the youngest demographic wants. Slots square footage is receding over the last 5 years, and casino players don't want a single-player slots experience; they want a more social experience, and they want some skill in their gaming. Slots are considered the primary activity for age 60+; younger than that, it trends more and more to tables. Good news for us both, Buzz.

Take a look at Casino Journal from June 2014, with a very detailed discussion of this. It was the keynote topic at Southern Gaming Seminar in May.


Wow, I had no idea this reversal had taken place! Very exciting if true, as I much prefer table games to machines.
"So drink gamble eat f***, because one day you will be dust." -ontariodealer
Buzzard
Buzzard
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June 23rd, 2014 at 10:01:59 AM permalink
I beg to differ . The new players are addicted to the digital world. IPods, tablets, etc. I have seen empty roulette tables and a few feet away a crowded electronic roulette table. With young players sharing bets. And bubble craps is gaining traction. The smaller casinos in Blackhawk have a craps table and a roulette table as loss leaders. That can not go on forever. Labor keeps going up on table games.
Let,s see how much space Roger gets at G2E this year. Later I will like the news release about bally and G2E . Reading it you would not know bally even had table games.
Shed not for her the bitter tear Nor give the heart to vain regret Tis but the casket that lies here, The gem that filled it Sparkles yet
DRich
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June 23rd, 2014 at 10:10:17 AM permalink
Being mainly a slot machine guy, can someone give me rough estimates on how much the game manufacturers are charging for different leased table games? I understand there will be a wide range depending on game and casino. For comparison, I would estimate the average leased slot machine generates around $1500 a month in lease fees.
Living longer does not always infer +EV
Ibeatyouraces
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June 23rd, 2014 at 10:11:39 AM permalink
deleted
DUHHIIIIIIIII HEARD THAT!
beachbumbabs
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beachbumbabs
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June 23rd, 2014 at 6:37:22 PM permalink
Quote: Buzzard

I beg to differ . The new players are addicted to the digital world. IPods, tablets, etc. I have seen empty roulette tables and a few feet away a crowded electronic roulette table. With young players sharing bets. And bubble craps is gaining traction. The smaller casinos in Blackhawk have a craps table and a roulette table as loss leaders. That can not go on forever. Labor keeps going up on table games.
Let,s see how much space Roger gets at G2E this year. Later I will like the news release about bally and G2E . Reading it you would not know bally even had table games.



Re: press releases. I noticed that as well. lol... I think a lot of what you're seeing about electronic craps and roulette goes to 3 things. Primarily, significantly lower minimums. Also, there's an intimidation factor to live tables you don't see on an electronic game, if you're the slightest bit unfamiliar with live dealers/other players/table etiquette. And, yes, their familiarity with electronics and video games will attract them to those.

Here's the article.
If the House lost every hand, they wouldn't deal the game.
Buzzard
Buzzard
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June 23rd, 2014 at 7:20:48 PM permalink
Quote: beachbumbabs

Re: press releases. I noticed that as well. lol... I think a lot of what you're seeing about electronic craps and roulette goes to 3 things. Primarily, significantly lower minimums. Also, there's an intimidation factor to live tables you don't see on an electronic game, if you're the slightest bit unfamiliar with live dealers/other players/table etiquette. And, yes, their familiarity with electronics and video games will attract them to those.

Here's the article.



I think that articles show the mindset that management throughout the industry has. The customer wants tables game but they are not as profitable as slots. Therefore we need to change the customer

Gee, that sounds like an idea that will work. Instead of focusing on giving the customer what he wants. The days of open the doors and let the suckers in are gone.
Online competition is in the near future. And B@M casinos plan to combat that by fleecing their current customer base. That has worked real well for horse and dog races tracks.
Shed not for her the bitter tear Nor give the heart to vain regret Tis but the casket that lies here, The gem that filled it Sparkles yet
beachbumbabs
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beachbumbabs
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June 25th, 2014 at 6:16:31 AM permalink
Quote: Buzzard

Quote: beachbumbabs

Re: press releases. I noticed that as well. lol... I think a lot of what you're seeing about electronic craps and roulette goes to 3 things. Primarily, significantly lower minimums. Also, there's an intimidation factor to live tables you don't see on an electronic game, if you're the slightest bit unfamiliar with live dealers/other players/table etiquette. And, yes, their familiarity with electronics and video games will attract them to those.

Here's the article.



I think that articles show the mindset that management throughout the industry has. The customer wants tables game but they are not as profitable as slots. Therefore we need to change the customer

Gee, that sounds like an idea that will work. Instead of focusing on giving the customer what he wants. The days of open the doors and let the suckers in are gone.
Online competition is in the near future. And B@M casinos plan to combat that by fleecing their current customer base. That has worked real well for horse and dog races tracks.



I'm reading a lot lately, including in that CJ issue in another article, that online gaming is (so far) a huge disappointment and underperformer as it's coming back in the US state by state. Also including some articles referenced in other threads. Not in a position to judge for myself whether that's true or hype, but definitely watching its progress.
If the House lost every hand, they wouldn't deal the game.
Switch
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June 25th, 2014 at 11:29:38 AM permalink
Quote: DRich

Being mainly a slot machine guy, can someone give me rough estimates on how much the game manufacturers are charging for different leased table games? I understand there will be a wide range depending on game and casino. For comparison, I would estimate the average leased slot machine generates around $1500 a month in lease fees.



Around $500 for a Blackjack variation. Higher for poker variations in general, up to $1,800 for some of the main ones. 3CP leading the rates at an even higher lease fee.

$100-$300 for a side wager depending on it's success. I believe that '21+3' leads this with rates higher than usual.

Don't forget to add another $600 if you want to lease a shuffling machine for the game as well.

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