Casinos are grabbing large shares from penny machines
20 February 2005
Technology has made it possible for the Quad City region casino to address more keenly customer's demands, with more peer-to-peer and entertaining slot games requiring smaller bets and therefore, prolonging the amount of money. Lowa's riverboat casinos have veered their businesses onto a lowly penny of 1, or 2 cent mode in order to increase their multi-dollar profits. Penny gambling machines may have the most luring appearance in terms of accessibility but they offer the worst possible odds to the player allowing casinos to cut the best crop from the gambling activities, gauging to $644 million in this fiscal year.
A new generation, without pondering too much on this issue, adopted with open arms the new casinos with penny machines, who've supplanted traditional three reel symbols that enforced a payout. Casino representatives say that penny slot players are facing 20 possible winning lines, betting 10 credits on each, which trigger the animation screen to light up with full suit of interactive bonuses.
Nancy Donovan, regional vice president of The Isle of Capri, who is the owner of the Bettendorf and Davenport casinos said that the low denomination slots allow the lowa Quad-City casinos a chance to cater a totally different gambling experience to Chicago and Illinois markets. Illinois are following the foot steps of the lowa, adding penny slot machines to their casino parlors as well.
The anti-gambling group, headed by Robert Miller maintained that casinos inhabiting penny machines are working on the same bait-and-switch basis, since the longer the lines the more frequently it seems the payout occurs. The truth, however is that it works vice versa.
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Source: Online Casinos News Staff
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