Will Online Gambling Sites Really Drive Land-Based Casinos Out of Business?

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Real money online casino gambling has been growing at a significant rate. That growth has really accelerated over the past few months due to the coronavirus. Suddenly, these is a growing sentiment among the betting public that actual casinos could disappear over the next few decades. The big question has become if online gambling sites will eventually drive land-based casinos out of business?

Will Online Gambling Sites Really Drive Land-Based Casinos Out of Business?

The industry analysts point to the younger generations’ gambling habits. They are driving that industry’s growth. Projecting out this phenomenon, this could cause more and more land-based venues to close their doors.

While this theory has gained some traction, large slot machine manufacturers are not buying in. Aristocrat Leisure is the market leader with $20 billion in company value. The company is rolling out a new line of slots aimed at recapturing the interest of slot players. Aristocrat does have a large business in digital games of chance as well as land-based slots. This company has become the perfect bellwether for the entire gaming industry.

Aristocrat has been part of the Australian gaming market since 1953. This multinational corporation holds assets in:

  1. Casino games
  2. Gaming software technology
  3. Digital and mobile games
  4. Electronic table games

It has business operations in 80 different companies around the world. Through innovative design, this company still sets the trends for both online and land-based games of chance. Online titles are adapted to play on Android, iPhone, PC’s and other devices.

Real money games featuring free spins, bonus games and progressive jackpots highlight the online selection. However, the company has not strayed too far from its land-based casino roots.

As a publicly-traded company, Aristocrat has the earnings to prove its point. Yearly revenue grew 23 percent last year to $4.4 billion. Cash flow enjoyed a 16 percent jump. Share price rewarded investors with a 20 percent gain. These are numbers that back up just how bullish Aristocrat remains on the entire gaming industry.

An Interesting Find: Aristocrat Leisure Makes It To Jackpot As Slot And Gaming Manufacturer Earnings Hit 53%.

It has released hit after hit for online casino play. Yet, the company derives most of its profit from 3 reel slot machines on actual casino floors.

Joe Kaminkow is the Chief Innovation Officer for Aristocrat Leisure. He was quoted saying,

“It creates wonderment. And it gives us interactivity between all games. And it’s something special. So you know, we’re trying to make something special that you can’t play on your cell phone.”

This was in reference to a new gaming product being designed for land-based use. One example of this “wonderment and interactivity” is a new Wide Area Progressive Jackpot system in the US market. The entire network is synchronized between a wide expanse of slot machines.

Land based casinos can offer significant life-changing jackpots. These cover expanded geographic locals reaching a large number of avid slot players. Aristocrat Leisure has won multiple awards for land-based casino solutions. This includes ‘Land Supplier of The Year’ honors at G2E Las Vegas in 2019. It also brought home the ‘Slot of the Year’ award for Buffalo Diamond. Plans for an even bigger 2020 are underway despite the current coronavirus pandemic.

• Source: Land-Based Pokies Will Not Disappear: Overview Of Aristocrat’s Latest Innovations From Canyon-news On May 18, 2020.

Drake Achilles

Drake Achilles

Drake Achilles is a college student from Canada. He has been in the business in one way or another from the majority of his life. He brings knowledge and experience to the Play Slots 4 Real Money website.

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