In The News: Center for Gaming Innovation
States such as Pennsylvania, which rely on revenue from gambling to close monster deficits, are sure to be disappointed with future results, according to a new study released in April.
Millennials (18-34 year olds) are being targeted everywhere. They are the customers of today and the future. And because they see things quite differently than those before them, the millennial is a challenge to many sectors, including gaming.
At UNLV’s Center for Gaming Innovation, students double as inventors — and their creations can end up on local casino floors.
The preference of younger gamblers for more interesting games with skill elements has land casino owners scrambling to meet their requirements, an article in the publication The Tucson Sentinel claims this week.
Casinos across the nation are suffering from a generation gap, especially at the slot machines, as young people seek more exotic electronic games like the ones they can play on smartphones from anywhere.
Casinos are facing a generation gap, which spells trouble for the states that depend on them for tax revenue.
Finally, the Internal Revenue Service is considering ideas to rewrite current gambling-related tax rules, including possibly lowering the threshold for mandatory reporting of slots and bingo winnings from $1,200 to $600, reports Bloomberg Business.
Nothing kills the thrill of a big-money win at the casino quite like a tax form—and soon the grasp of the taxman could be felt before the jackpot celebration stops at a lucky slot machine.