USE this LINK
If you didn't know it, the revenues produced by slot machines are sometimes as high as 75% of a casino's income. It didn't was like that. The history of slot machines (and other trade and vending machines) is well-chronicled in Automatic Pleasures by Nic Costa, which also has hundreds of photos. He notes that during 1927, the revenues produced by Al Capone and other hoodlums of Chicago were estimated at $105 million. Of that figure, $60,000,000 was from beer and other liquor (and we wonder why the Mob became so powerful during Prohibition?), $10,000,000 from loan and policy rackets, and $25,000,000 from all other gaming and dog tracks. However, the quantity from slot machines was just a small proportion of these ill-gotten goodies.
As noted in Mob City: Reno, casinos that had eight or ten gaming tables together with 21, craps, roulette, Faro, and poker, usually had only the similar collection of slot machines. Harold's Club became the more successful casino on this planet within the 1950's, but if it opened within the 1930's it had just two slots, a nickel and a dime.
Detailed records from Harold's Club show daily net income within the early 1940's of $4028 from gambling, but just $226 of that came from slot machines. That's about 5% of the gaming income. When Bally's Money Honey slots skyrocketed in popularity within the 1960's, casinos added an increasing number of slots. In 1980, Harrah's in Reno had 2,000 slot machines, with 106 table games (plus race book, keno, poker, bingo) and the slots brought in about 35% of the revenue. Today that very same casino has revenue of about 75% from slot machines! That's a large change, for better or worse.
$25 free NO Deposit & %200 FIRST DEPOSIT BONUS! 13 Years online! SLOTLAND casino. $100,000+ progressive JackPots!
USE this LINK
USE this LINK
Read More... [Source: About.com Casino Gambling]
No comments:
Post a Comment