Monthly Archives: April 2022

Claim Back Your US Withholding Tax on Casino and Lottery Winnings

The Proper Care & Feeding of the Golden Goose

Under the new paradigm of declining economic conditions across a broad spectrum of consumer spending, casinos face a unique challenge in addressing how they both maintain profitability while also remaining competitive. These factors are further complicated within the commercial gaming sector with increasing tax rates, and within the Indian gaming sector by self imposed contributions to tribal general funds, and/or per capita distributions, in addition to a growing trend in state imposed fees.

Determining how much to “render unto Caesar,” while reserving the requisite funds to maintain market share, grow market penetration and improve profitability, is a daunting task that must be well planned and executed.

It is within this context and the author’s perspective that includes time and grade hands-on experience in the development and management of these types of investments, that this article relates ways in which to plan and prioritize a casino reinvestment strategy.

Cooked Goose

Although it would seem axiomatic not to cook the goose that lays the golden eggs, it is amazing how little thought is oft times given to its on-going proper care and feeding. With the advent of a new casino, developers/tribal councils, investors & financiers are rightfully anxious to reap the rewards and there is a tendency not to allocate a sufficient amount of the profits towards asset maintenance & enhancement. Thereby begging the question of just how much of the profits should be allocated to reinvestment, and towards what goals.

Inasmuch as each project has its own particular set of circumstances, there are no hard and fast rules. For the most part, many of the major commercial casino operators do not distribute net profits as dividends to their stockholders, but rather reinvest them in improvements to their existing venues while also seeking new locations. Some of these programs are also funded through additional debt instruments and/or equity stock offerings. The lowered tax rates on corporate dividends will likely shift the emphasis of these financing methods, while still maintaining the core business prudence of on-going reinvestment.
Profit Allocation

As a group, and prior to the current economic conditions, the publicly held companies had a net profit ratio (earnings before income taxes & depreciation) that averages 25% of income after deduction of the gross revenue taxes and interest payments. On average, almost two thirds of the remaining profits are utilized for reinvestment and asset replacement.

Casino operations in low gross gaming tax rate jurisdictions are more readily able to reinvest in their properties, thereby further enhancing revenues that will eventually benefit the tax base. New Jersey is a good example, as it mandates certain reinvestment allocations, as a revenue stimulant. Other states, such as Illinois and Indiana with higher effective rates, run the risk of reducing reinvestment that may eventually erode the ability of the casinos to grow market demand penetrations, especially as neighboring states become more competitive. Moreover, effective management can generate higher available profit for reinvestment, stemming from both efficient operations and favorable borrowing & equity offerings.

How a casino enterprise decides to allocate its casino profits is a critical element in determining its long-term viability, and should be an integral aspect of the initial development strategy. While short term loan amortization/debt prepayment programs may at first seem desirable so as to quickly come out from under the obligation, they can also sharply reduce the ability to reinvest/expand on a timely basis. This is also true for any profit distribution, whether to investors or in the case of Indian gaming projects, distributions to a tribe’s general fund for infrastructure/per capita payments.

Moreover, many lenders make the mistake of requiring excessive debt service reserves and place restrictions on reinvestment or further leverage which can seriously limit a given project’s ability to maintain its competitiveness and/or meet available opportunities.

Whereas we are not advocating that all profits be plowed-back into the operation, we are encouraging the consideration of an allocation program that takes into account the “real” costs of maintaining the asset and maximizing its impact.

Establishing Priorities

There are three essential areas of capital allocation that should be considered, as shown below and in order of priority.

  1. Maintenance and Replacement
    2. Cost Savings
    3. Revenue Enhancement/Growth

The first two priorities are easy enough to appreciate, in that they have a direct affect on maintaining market positioning and improving profitability, whereas, the third is somewhat problematical in that it has more of an indirect affect that requires an understanding of the market dynamics and greater investment risk. All aspects that are herewith further discussed.

Maintenance & Replacement

Maintenance & Replacement provisions should be a regular function of the casino’s annual budget, which represents a fixed reserve based on the projected replacement costs of furniture, fixture, equipment, building, systems and landscaping. Too often however we see annual wish lists that bear no relationship to the actual wear & tear of these items. It is therefore important to actually schedule the replacement cycle, allocating funds that do not necessarily have to actually be incurred in the year of accrual. During a start-up period it may not seem necessary to spend any money on replacement of brand new assets, however by accruing amounts to be reserved for their eventual recycling will avoid having to scurry for the funds when they are most needed.

One area of special consideration is slot machines, whose replacement cycle has been shortening of late, as newer games & technologies are developing at a much higher rate, and as the competition dictates.

Cost Savings

Investment in cost savings programs & systems are, by their very nature and if adequately researched a less risky use of profit allocation funding then almost any other investment. These items can often take the form of new energy saving systems, labor saving products, more efficient purchasing intermediation, and interest reductions.

These items have their caveats, one of which is to thoroughly analyze their touted savings against your own particular application, as often times the product claims are exaggerated. Lease buy-outs and long term debt prepayments can sometimes be advantageous, especially when the obligations were entered into during the development stage when equity funds may have been limited. In these cases it is important to look at this strategy’s net effect on the bottom line, in comparison with alternative uses of the monies for revenue enhancing/growth investments.

One recent trend is the growing popularity of cash-less slot systems, which not only provide labor savings for fills, counts and hand-pays, but also serve as an aid to patrons who do not like to lug around those cumbersome coin buckets, while also encouraging multiple game usage.
Revenue Enhancing & Growth

Leveraging is the key catalyst of any revenue enhancing/growth related investment. It includes the following:

o Patronage Base
o Available Funds
o Lands
o Marketing Clout
o Management Experience

The principal is to leverage the use of the available asset towards achieving higher revenues & profitability. Typical examples include increasing average patronage base spending and widening the effective trading radius, by offering additional products/services, such as retail stores, entertainment alternatives, recreational/leisure amenities, overnight accommodations, more restaurant choices, and of course, expanded gaming. 토토사이트

Master Planning

Anticipation of potential growth and expansion should be fully integrated into the project’s initial master planning so as it assure cohesive integration of the possible elements in a phased-in program, while also allowing for the least amount of operational interruption. Unfortunately, it’s not always possible to anticipate market changes, so expansion alternatives must be carefully considered.

The Big Picture

Before embarking on any type of expansion and/or enhancement program we strongly recommend first stepping back and assessing the property’s present positioning relative to the market and competitive environment. As we have observed in numerous gaming jurisdictions around the country, often casino ventures that have been operating “fat and happy” for a few years, find themselves in a zero-growth period. Sometimes this is due to competition stemming from either/both new local area casinos or regional venues that have the affect of reducing patronage from peripheral area markets. Additionally, the current customer base may become bored with their experience and are seeking greener pastures. The historical growth of the Las Vegas strip is testament to the success of continually “reinventing” oneself.

Our approach to these market studies is initially focused on determining the degree to which the current facility is penetrating the potential market and in relationship to any competitive market shares. Typically, this represents an analysis of the current patronage base in terms of information gleaned from the player tracking data base, and mailing lists, coupled with day-part, daily, weekly, monthly and seasonal revenue trends.

This data is then interfaced with an assessment of the overall market potential to indicate the extent to which certain market segments are utilizing the facility and the needs it is fulfilling. More importantly however, is that this type of analysis will indicate those market segments that are not utilizing the facility more fully, and why.

 

Playing Some Slot Machines Online

There is nothing quite like the excitement and thrill of stepping into the Best Casino Gambling Hangout. The flashing lights, the sounds of slots rolling, and the laughter and shrill squeals of delight when someone scores big.

These are just a few reasons why more and more Casino and Gambling Facilities are opening their doors each and every year. Not only on land, but also Internet Casino Gambling sites as well. It seems that every week a dozen or more Online Casino Gambling sites light up our computer screens. The quality of these online casinos is also growing more and more superior as technology advances along with the love and passion of players.

Many online casinos even offer the same thrills and atmosphere that you can find in a busy land casino. However, online casinos offer you the ease and pleasure of playing from the comfort and security of your own home. This allows you to create your own comfort. In fact, you can play while laying bed or sitting at your desk in your boxers.

Regardless of whether you are playing on land or from home there is now no doubt that the Casino Cash Cow is on the rise. In fact, there are hundreds of individuals all over the world who are raking in a wealthy living from simply playing online casino games for high payouts.

What exactly is a Casino Cash Cow? A Casino Cash Cow is an online casino that offers high payouts. These high payouts in some cases match or can even exceed the payouts that land casinos offer. Many online casinos network with other online casinos in order to pull pots to offer huge payouts to their members and visitors. They pull their money and have weekly or monthly events wherein you can see the full effects of a Casino Cash Cow in action.

Smaller online casinos that only cater to specific games such as general slots and are not affiliated with other online casinos or major business partners don’t usually offer such high payouts. This is why it is important for you to do your research before becoming a member of any online casino. You will want to make sure that if you are paying a membership fee that you are signing up for a casino with high payouts and not a simple “backyard” casino with low to moderate payouts. เว็บสล็อตแตกง่าย

The Casino Gambling Information from Casino Cash Cow is what keeps members coming back, and keeps members from bouncing from one online casino to another. This is why so many online casinos have pulled their resources together in order to offer these large payout events on a regular basis. Working together they can pull in hundreds of thousands of dollars to award their members for simply playing on their sites.

Simply speaking, high payouts are what give any Online Casino staying power. The more money they are putting out and offering in pots and winnings to Casino Gambling Pros will result in their business making more money. You can always tell if an online casino is worth your money by looking at the extend of their payouts and bonuses. Find your big payout casino and stick with it. Don’t mess with small payouts and rewards when you can find a single high payout casino and become a millionaire over night.

Free Bonus Slots on Offer For Casino Lovers b

If, for you, the worst part about going to online casinos is leaving then your sorrows are over. With online casinos you can bring the excitement of live casinos home with you! Online casino software emulates real casino games so well that you may even forget that you are in your own home and not in Las Vegas! Online casinos have everything that live casinos have to offer, so the next time that the urge strikes you to head to Caesar’s Palace all you have to do is turn on your computer.

An online casino is not so different from a live casino. When you play online you can choose from all of your favorite gambling games. Online casinos offer virtually any casino game you can think of including, but not limited to, slot machines, video poker, regular poker, blackjack, baccarat, keno, roulette, craps and even bingo! The games are played by the same rules as in live casinos and online gambling software is even designed to look just like real casino games! Some Internet casino websites even offer software in which you have a character that must walk around a three-dimensional casino space with other players and choose your games. สล็อต เว็บตรง แตกง่าย

It is the belief of many gambling enthusiasts that online casino games are not as exciting as real live casinos because when you play online you are sitting by yourself at your computer and there is no interaction with other players. This is not the case at all! In fact, most Internet casino sites encourage interaction between players, especially in multiplayer games like blackjack, craps and poker.

There are also tournaments in which players compete against each other in all forms of casino games, including slot machines. Online casino tournaments can be a fantastic social experience! When you play in online casino tournaments you pay an entry fee. For this fee you receive a predetermined amount of chips. Each player receives the same number of chips and has a specific amount of time in which they may play slots machines or poker or roulette or whichever game is specified by the tournament. At the end of the allotted time the player who has the most chips is the winner. The prize pot is made up of player entry fees and can be quite large depending on the number of players. Additionally, interaction is encouraged during the tournament through chat software and can make online tournaments a fantastic social experience.

As you can see, gambling online can be just as fun and exciting as playing in live casinos. The best part is you don’t have to book a plane ticket or even leave the comfort of your own home! If you have a computer and Internet access you can participate in Internet gambling twenty-four hours a day, seven days a week! All you have to do is choose a casino online and start playing and you’ll never be sad about leaving the casino again!

Play Non-Stop at Online Casinos

In most jurisdictions worldwide, gambling is limited to persons over the driving age(18 or 21 years of age in most of the United States and 16 to 21 in most other countries where casinos are permitted).

There are different kinds of people living in this world. They all have different thinking processes, different attitude towards life, different ways of earning money and have different ways of satisfying themselves. Some people want to make a lot of money by putting the minimum amount of labor in and for them casinos are the best option- especially if they like having fun while doing it!

A casino generally involves various kinds of gambling activities. Casinos are generally combined with hotels, restaurants or cruise ships and other tourist attractions. In other words, if you are on vacation you are very likely to be near a fabulous casino. Betflik

A casino is not a modern concept or idea; it has been for quite a long time. Now-a-days a lot of people are investing money to build up casinos because they bring in big bucks. It sometimes even does it at unbelievable rates! Really lucky people have been known to become millionaires practically overnight in casinos and casino owners make a lot of money everyday!

Today, there is no way that you can not have access to a casino. A wonderful invention that has made casinos very accessible is the internet. Now, with the internet, people can play from virtually anywhere- even their homes. Online casinos have become increasingly popular due to the nature of the games and their life like qualities.

There are three general categories of casino games available in a casino. Generally these include: table games, electronic gaming machines (newer version of table games), and random number ticket games such as Keno and simulated racing. Gaming machines, such as slot machines and pachinko, are usually played by one player at a time and do not require the involvement of casino employees to play. Random number games are based upon the selection of random numbers, either from a computerized random number generator or from other gaming equipment. Random number games may be played at a table, such as Roulette, or through the purchase of paper tickets or cards, such as Keno or Bingo. A lot of research work have been done by the researchers and the efforts of these engineers have been put into account in order to land new and improved machines every country has a gaming control board which regulates the activities of the owner of the casino in the negative direction such as in the electronic machine the machine may be set in such a way that it never displays the no selected by the player but every game has its advantages and disadvantages.

Now the obvious question that would arise is that what is the reason behind making casinos right on the top of the mountain well you have just answered it “MOUNTAIN” – a general tourist spot, a tourist attraction. The mountain adds a great boost to the tourism industry of various countries. The number of mountain casinos has grown and will be growing in future.

You Can Stop Your Gambling Addiction

Casinos online are in many ways considered to be the most advantageous medium to gamble for some real money. It is one medium which offers you the enjoyment of a variety of traditional and modern casino games right from your home computer. Other than gaming excitement, online casinos also bring you the complete knowledge of different games.

Online casinos- learn and play

Presently, casinos online form to be the right place where you can easily train yourself to play your favorite games. This is the place where you can refine your gambling skills rather than playing. While playing online, you get to compete with professional as well as amateurs players. Most of these gaming competitions boost you to learn and prepare yourself for future matches as well.

Online casinos- Means to play at your own convenience:

Casino goers from all over the world prefer online casino as it is the most convenient medium that saves a lot of time. Take for instance, you like to play at a city casino but do you think that it is always possible for you to plan some extra time out of your busy schedule. In most cases, driving to a faraway casino emerge as a major problem for most casino lovers. Apart from these, if you want to play late during night time, you can only try any internet casino as these sites are accessible throughout the day and even at night as well. Besides, there are some other common problems associated to land based casino gambling.

Try out your game of choice

With the presence of casinos online, you can just play any game of your own choice at any time. Similar to the real life casinos, these online casino sites offer you the gaming excitement right from your own computer. Making it much easier for you, these web based casino sites bring you the exact games that you may had played earlier at a live casino in your own city.

Th fastest growing online casinos offer you a large collection of different games. These include games like slots, poker, blackjack, roulette, craps, keno and much more. With advanced technical features, you can enjoy these available games right from your own home.

Online casino and live casino-Whats the main difference? betflix gaming

The main difference between an online casino and a live casino is the component of enjoying gaming live but even there is something that lacks behind. When you play online, you’re supposed to bet against some other players. However, this scenario can change as well. It is true that betting against other players from all over the world are common in casinos online but it is not at all unreal that gamers also have the option of playing against the computer. This is what that brings you an accurate and real gaming experience.

Another advantage that differentiates land based casinos from that of the virtual online casino sites is that players get a lot of bonuses from the latter. Casinos online Bonus form to be the right way to add to your own bankroll. The bonus system is prevalent only in the internet casinos so you should try to make the best out of it.

Gambling Affiliate Programs And Casino Portals

Gambling – offline as well as online casino gambling – has fast become a leisure activity attracting a growing number of people. Offline Casino gambling is often combined with travelling and vacations to Las Vegas, Atlantic City and quite a few other cities in the USA, with an increasing number of Indian Casinos included. Casino gambling is also a popular pursuit in Europa as well as most parts of the world. However, for some the access to casinos are limited or absent. The internet however, offers a lot of gambling and gaming opportunities for those.

In USA we can identify at least five groups of casinos or casino gaming establishments

 

  • Luxurious land based casinos
  • Cruise ship casinos
  • Indian Casinos
  • Riverboat casinos
  • Local card gaming clubs

 

The first city that comes to mind when we talk about luxurious casinos is Las Vegas. There has been legalized gambling in Nevada for decades but the real boom has developed over the recent years. The growth of casinos and hotels in Vegas can seem out of control. Due to the invasion from gambling and entertainment hungry people from all over the world, Las Vegas has become the fastest growing city in the United States.

Though family resorts, with theme parks and other attractions for the juniors have popped up like toad hats over the years, developers in Vegas now tend to prioritize more adult oriented establishments. The opening of the luxury Wynn casino in May 2005 is a good example of this trend. Las Vegas – with all it’s casino gambling jet set pomp and glitter – belongs to the adult generations. sexy baccarat

The Indian casinos as well as the riverboat casinos and local gambling clubs are more sober alternatives to the luxury in Vegas. As the demand for gambling adventures are booming in all regions of the country, these kinds of casino establishments has grown equally.

The casino gambling alternative that most people find their way to is, internet casino gambling. The availability is outrageous and it is you who decide when to play and you can play from any location on the globe that has an internet connection.

If you are a newbie you can now train yourself to become an professional casino gambler from the comfort of your home. It’s good not to feel the pressure from other players when you are experimenting with different strategies and gaining your basic gaming skills. Your best teacher is your mistakes; do them peacefully from your home, without any critical I-know-best voices. Another reason for playing casino online is that you save money on a hotels, restaurants and airfares. It is also easier for disabled persons to access an online casino than an offline. Remember that an online casino is like a real casino – it has the same games; black jack, poker, roulette, baccarat, craps and others – the same excitement and you can win real money.

Just one final advice: The internet is overloaded with gambling and casino websites. Among such a big crowd of gambling offers, there has to be some bogus ones Stay away from those and keep to recommended online casino gambling websites. Good luck!

 

Casino Parties – Casino Gaming For Fun and Profit

In the recent years, the casinos have also emerged as the big business houses. Today, the casino owners are gaining huge profits from their casinos. This has been possible only due to the large population that is interested in playing the casino games. Like many other business enterprises, the casinos also focus on making maximum profits. Although, the casinos are also involved in making profits just as the other business enterprises, their way of business is entirely different from the other business firms.

The casinos mainly make up profits from their restaurants, gambling, hotels etc. The gambling at the different casinos mainly comprises of playing the card games, the slot machine games, the table games etc. In the casinos, there is a quick conversion of money into chips, which is a talent in itself. The casinos make money from the different taxes that are being charged from the customers visiting them. The taxes are usually being charged by only the licensed casinos. These casinos are being constantly monitored by the different auditing companies who check their performance and authenticity. 아벤카지노

A Casino being a business house in itself also comprises of a hierarchy of officials. At the top position is the casino owner or the Board of Directors. Next, there are some lower managers who take care of the various activities carried out at the casinos. These lower managers include the Manager of Finance, Manger of Food and Beverages, Manager of Casino Operations etc. The number of departments and managers mainly depends on the size of the casino and the variety of activities which are performed inside it. Since, the earning of casinos is expected to be tremendously high; these casinos have their particular accounts department. The accounts department of a casino comprises of the clerks, cashiers, vault employees, financial managers, accountants and internal auditors.

A casino also abides by the law. This means that the casino enacts the different rules and regulations on the various casino games being played at the casinos. There are rules under which the proper recording of all the cash flows taking place in the casino is being done. Steps are also being taken to avoid the money theft from the casino.

So, visiting a casino won’t ever let you down. The only thing you need to do, is opt for the most reputed one.

 

Online Casino Tips For New Casino Players

Mention of the word ‘casino’ conjures images of risk and great risk taking in many peoples’ minds. Indeed, there are people who would very much like to participate in the various games that casinos offer to the patrons, but who are put off by the risk inherent in so doing.

Typical online casinos, for instance, usually require the patrons to deposit a given amount of money (referred to in most circles as the ‘playing deposits’) – from which the casinos are then able to pay the winnings to the lucky players, finance their operations (staff costs, web hosting costs in the case of online casino, and so son), and also to make a profit for their creators, the ‘house owners,’ as it were.

The way no deposits casinos work, on the other hand, however is through a system where the players don’t have to deposit any money with the ‘house’ to start playing. Some actually take the no deposit philosophy to another level, where they integrate it with the increasingly popular ‘casino bonus’ system – to come up with what can be termed as a no deposit casino bonus system, in which players have a real chance to get real money out of their playing without having to put anything (besides their effort and time really) into the ‘house.’ singapore casino

The no deposit casino system is not game specific, and most of the no deposit casinos actually offer the whole range of games offered in the other typical casinos that demand deposits off their members, the games in question being anything from roulette to slots, blackjack and poker.

Most no deposit casinos, as indeed all types of casinos, typically don’t allow admission to minors (people under the age of 18), generally for legal reasons.

To be sure, though, the no deposit casino bonus system tends to come with a few catches here and there, and it is important to read and understand the casinos terms and conditions carefully before getting in. For the most part, for instance, no deposit casinos will tend to put a limit to the amount of no deposit bonuses they allow – with some limiting it at as low amounts as $10. However low the amount that the no deposit casino bonus is, though, it is still ‘something for nothing’ and an opportunity to get something for free from the ‘house’ – and that, of itself, is an attractive option.

Someone might ask what the business logic of offering the no deposit casino options is, especially keeping in mind that the casinos are definitely not charities – but highly strategic businesses. The answer to the question of how the zero deposit casinos make their money lies in the understanding of the workings of ‘free samples’ marketing philosophy, where a company that is highly confident about its products offers some free samples to prospective buyers. So in a way of speaking, the no deposit casino bonus are the casino’s version of ‘free samples’ which, should the player get impressed with them, is expected to spur them to register with the casino, and thereby offer the casino the opportunity to make some money, while also giving the player the chance to earn even more money from the casino – depending on their skill and luck.

An Insight Into The Indian Satta Matka Industry Since The Inception

Casino making a bet is a lot extra organized in India nowadays and this is a lot to the pleasure of individuals. These bets were continually interesting and as plenty as eighty% of the members are seeking for entertainment cost from the video games. This is just the cause why making a bet in India has survived regardless of lengthy working in an unorganized format. Legal troubles had been cropping up with making a bet these kind of years due to the fact a few states nonetheless bear in mind physical making a bet illegal. Despite most of these issues, the Satta Matka end result is keenly awaited by gamblers and you may find it irresistible as we are saying that within the days in advance the enterprise must witness higher instances. A fundamental transformation for this industry is that these days the authorities has legalized on line betting.

 

What precisely is the Satta Matka?

 

The term Satta Matka ought to sound difficult to all of us who friends with the Indian having a bet industry for the first time. One need to notice that the time period on line casino is a current entrant into India and restrained to a few select spots which include Goa, which gets a tremendous quantity of overseas vacationers. A extensive majority of the Indian populace loves to play the Satta Matka. This precise recreation commenced in 1961, but playing in India began ten years earlier. The first shape of gambling in India became about guessing the charges of cotton the next day on inventory exchanges worldwide. However, at a few stage, the cotton trades had been halted at the inventory exchanges, and this number guessing sport began in the Indian playing industry.

 

How has the transformation into online making a bet helped?

 

It is currently you can get to guess on-line and the transformation into the virtual Satta Matka layout has truely been useful. Here are the benefits for gamers who hit the Matka board on-line.

 

This way you take part in the sport legally and there aren’t any underlying issues of having a tussle with the law enforcement corporations.

The on line Satta Matka need to be preferred in an era in which we’re nonetheless but to get out of the pandemic blues. Unnecessary journey need to be averted and going digital is always the higher choice to play the Satta Matka sport.

If you have got some form of net connection through desktop, laptops, and even mobiles, it’s far viable to get right of entry to the top Indian Satta Matka markets.

 

How do you participate inside the video games on-line?

 

It is through a few internet connection, you could attain out to the websites, which provide Satta Matka. If you plan to participate, there’s a need to complete some registration and this bit have to be easy. After that, you could go through the guidelines, rules and take part within the having a bet. It is a number guessing sport and there are plenty of on-line guidelines, which should help you to make an ideal bet. Since you are making a bet on line, there may just be a situation. Where will the Satta king end result be published? This is a query, that you could be seeking to searching for solutions to and we would love to mention that they put up the end result every day. The consequences could be displayed right on the same website. If you control to hit the jackpot, you must be giggling all the way to the financial institution.

Free Casino Bonus Credits and Its Essential Rules

The revolution in the world of gambling happened awhile ago when first online casinos started to appear on the Internet in 1996-1997. Almost immediately, online casinos attracted a lot of attention from both public and mass media. It was something new, something different, and so tempting to try for everybody who had access to the Internet. In the end online casino gambling proved to be so convenient, so secure and so advantageous entertainment for millions of people that it has become one of the fastest growing sectors of Internet commerce.

These days you will find thousands of online gambling sites on the Internet with more being opened every month. The most visible difference between online and land based casinos is that online players can play their favorite casino games on the computer in the safe and familiar environment of their home. All online casinos provide customers with detailed information on the site, and a quick guide on how to play at the casino. Some online casinos will offer articles on various game strategies, and detailed information about rules of the games, so novice players can feel at ease while getting themselves familiar with the gambling parlor, its rules and policies. At land based casinos beginner players frequently feel intimidated by the noisy and busy environment, numerous service personnel and gate security guards. They often feel confused, intimidated and lost in the vast building space, being unable to enjoy the gaming process and to concentrate on the game itself. Online casinos allow players to practice, to hone their gaming skills and to slowly adapt to the new environment at their own pace. Most online casinos allow you free play tries so you can find out for yourself if this casino is what you are looking for. You can even play for real money without the risk to lose your savings by using no deposit bonuses offered by some online casinos as incentives for new players. slot online

Another advantage of online casinos may not be so visible, but it is a very important one. The odds of winning a game at online casinos are usually slightly higher, than at land based casinos. Due to lower maintenance costs for online casinos, they have been able to operate with fewer expenses 24 hours a day, without any days-off. According to the Casino Journal Magazine, the average payout for land based casinos is around 89%, which means that out of every dollar wagered at the casino, 89 cents are paid out to winning customers. At the same time, it is not rare to see payouts reaching 96-98% for online casinos, which means more payouts to playing customers!

Another feature which makes online casinos so attractive is promotional bonuses and no deposit credits available at many of them. Using these incentives wisely, you can play games and have fun with the casino money thus saving some of your own.

Be aware that besides reputable casinos with good service record there are a few online gambling parlors which have stained their reputation by dishonest practices, bad customer service, and slow payouts. You will be asked for your personal information before you are allowed to play online, and you want to make sure that your personal data is protected by the casino. Therefore, it is very important first to read online independent gambling guides to casinos to find out the players’ favorites, trusted and well-known casino sites. Secondly, read carefully the casino’s rules and policies. Third, try the casino for free before you start wagering your own money. Fourth, make sure that the laws and regulations in your area allow online gambling. Do not break the law!
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