Online casinos offer better value than brick and mortar casinos. They are not subject to the same overheads as Atlantic City or Las Vegas casinos and offer greater odds and more bonuses. Traditional land-based casino attracts visitors with fancy hotels and fancy restaurants. Atlantic City became legalized for gambling in 1976. Las Vegas casinos realized that offering casino gambling was not enough to draw East Coast visitors. This was when the Las Vegas Mega-Resort was born. The Mega-Resort provides a family-friendly vacation destination. It is estimated that the cost to buy the land in Las Vegas and build a resort there will be $5 billion Ezwin.
Foxwoods opened on Indian land in 1986. Foxwoods introduced casino table games in 1992, and slot machines were added in 1993. Atlantic City is now the same as Las Vegas. They needed to offer more then just gambling. Atlantic City dealt with the problem in the exact same way as Las Vegas. They poured money at the problem. Foxwoods was a popular destination that attracted millions and they grew steadily through the 1990s and 2000s. However, the economic downturn forced states to loosen their casino gambling laws. Today Foxwoods holds the title of the largest casino worldwide, but smaller casinos are stealing their business. They opened the MGM Foxwoods to provide top-notch entertainment. This is another expense.
Online gambling is the next stage in this cycle. Online casinos are much more convenient than any other casino. This means that no one will be able to offer help to the gambler. Online casinos often throw money at losing businesses when they’re experiencing financial difficulties. Online casinos do it by offering bonuses to their players, not with white Tigers in the lobby.
Online casinos can be run from small offices, with a small number of employees. These offices can be found in small countries with limited taxes and legalized gambling. The software that casinos use is licensed. A telemarketing office would not be capable of telling you if there is an online casino.
Online casinos offer “Better-than Vegas” odds and bonuses on deposits due to their low overhead. How often does an online casino match your first deposit? Cybergamers are constantly in competition, and the bonus offers keep on increasing. The problem with online gambling in the United States is that it is not legally legal. Why is this? Because it’s not taxed! This is where the problems start.
The US Government has no interest whatsoever in any individual gambler. They are trying to reduce the money supply. They are trying to stop the money supply. Then, either the gamblers return to taxed land-based casino or the tax laws change. Online casinos will now be permitted to open if they are currently paying tax. Las Vegas is the first state to allow e-gambling in hotel rooms. Other states are looking at taxing internet sales. Will this be the new “Atlantic City”, where online casinos can continue to operate? Is this a new way for them to solve the problem? The answer is yes.