How to Make a Casino Profit
Casinos are designed to be exciting places where people can go to let loose. They usually have flashy decor and upbeat music that creates a rush as people try their hand at games from poker to roulette. There are also plenty of options for food and entertainment.
But the most important thing to remember about casinos is that they are businesses. Like any other business, they need to make a profit. And that’s why they have a variety of built-in advantages, known as the house edge, to ensure their profitability.
To maximize their profits, casinos encourage patrons to gamble as much as possible. They offer complimentary drinks and even free rooms at their affiliated hotels to big spenders. And they design their floor layouts to be labyrinthine, with curved paths that lead people back and forth across the gaming areas, tempting them to stop at a new game or slot machine before they know it.
It’s no wonder that Casino is Scorsese’s most violent movie, with scenes of violence, treachery and avarice aplenty. The cast is rounded out by the always reliable De Niro, Sharon Stone’s blonde hustler Ginger McKenna and Joe Pesci’s ruthless crime boss Sam Rothstein.
In the past, marketers largely relied on demographics to determine how their audience would behave in a casino. But that’s no longer a useful approach, especially with the rise of millennials and Gen Z. These younger patrons tend to focus less on gambling and more on food, entertainment and non-gaming activities. To appeal to these potential customers, casinos need to offer new incentives and make their gaming offerings more accessible.