Florida Gambling Study Gives Vague Answers

Florida Gambling Study Gives Vague Answers

Is Florida ready for more games of opportunity? A new commissioned study says, ‘Why not?’

Florida is currently among the more states that are active it comes to gambling. There are casinos, racetracks, and jai alai frontons, and many of these venues appear likely to see slot machines visiting them in the not too distant future. And that’s okay, according to a brand new report that says such an expansion could have only a ‘minimal’ impact on the state from both an economic and social viewpoint.

Impact of Gambling Examined

That was the biggest finding from a report by the Spectrum Gaming Group, a fresh Jersey-based research firm that performed the study with respect to the Florida Legislature. The report cost $400,000 to finish, and was taken so as to weigh the impact that is potential costs of expanded gambling within the Sunshine State.

According to the report, those impacts is tiny.

‘The expansion of casino gambling, whether on a tiny scale or very large scale, would have, at best, a moderately positive affect the state economy,’ the report stated.

That conclusion isn’t likely to excite or infuriate anybody. But more interesting, perhaps, was information gleaned about Florida’s current gambling market.

Based on the report, the average Floridian gambler spends about $866 each year on gambling. This is approximately 16per cent less compared to the average that is national. Still, Florida residents account for about 93% of the $2.4 bil Continue reading “Florida Gambling Study Gives Vague Answers”

Global Gaming Expo Big Business in Las Vegas

Global Gaming Expo Big Business in Las Vegas

Avatar, the casino game, was unveiled during the latest Global video gaming Expo (G2E) in Las Vegas this week

Anyone who’s anyone into the gambling industry could be present in Las Vegas this week; that’s where the Global Gaming Expo happens to be taking place, a meeting of 25,000 attendees that are all interested in seeing where the worldwide gambling market will be headed over the next year.

Easing Up on Regulations Major Focus

At the meeting known as G2E there happen a true range major issues discussed. American Gaming Association leader Geoff Freeman noted that their biggest priority will likely be to push state regulators to unify and lighten up the laws on the casino industry into the united states of america, in order to make it easier for companies to innovate throughout the country.

‘Our industry isn’t permitted to update because of the environment that is regulatory’ Freeman said. ‘That’s one thing we need to address. We should be controlled. But, you can find places that it crosses the line and really affects innovation and makes us less competitive. Each state that is new comes on feels as though they need to turn the screws a little bit tighter than the one before.’

But before some of the many essential issues facing the industry could get attention, the meeting ended up being kicked off with a spectacular opening ceremony and all the glitz and glamour that the world of gambling needs to offer.

Entertainm Continue reading “Global Gaming Expo Big Business in Las Vegas”