A Casino Cuts Back On Gambling – Yes, Really!

foxCasinos are a haven for gamblers, packed full of table games, slot machines, roulette games and even more games of chance. The most common initial thought of any person when they enter a casino is “Which section do I go to first?” It can very confusing to know exactly which game to start with! Well one casino is working to reduce that flurry of confusion for you by actually reducing the amount of slot machines and table games on their premises. And the casino in question isn’t just any regular casino – we’re talking about Foxwood’s, the largest casino resort in North America.

About Foxwood’s

Foxwoods is a hotel casino resort in Mashantucket in North Connecticut, built on an Indian reservation. The resort consists of not one, but 6 casinos, with gaming space covering an area of 344,000 sq ft. Opened in 1986, this place is every gamblers dream! It originally opened as a bingo hall before in 1995, a poker room and 30 game table areas was added. It was renovated again in 2002 and in 2007, and each time the size of the gaming areas and the number of gaming tables and slot machine increased. It houses the World Poker Tournament Poker Room, which is the third largest poker room in the world. The selection of games available at Foxwoods include Baccarat, bingo, Blackjack, craps, Keno drawings, Sic Bo, Pai Gow, several variants of poker, roulette, slot machines and even sports betting.

The Transition

In recent years, reports have been prevalent that Foxwoods has suffered badly from economic recession. The New York Times reported that Foxwoods have accumulated debts of up over $2 billion. The new CEO of the casino resort, Felix Rappaport told The Associated Press in November 2014 that they intend to reduce the number of slot machines and table games on the premises to make room for nightclubs and other amenities, as it tries to keep up with rival resorts.

The main reason behind the move? Felix says that they simply “have too much gaming” and that there has actually been a major decline in the number of people gambling in the casino. The plan is to reduce the number of table games on the property from 350 to 250 and to reduce the number of slot machines from 5,800 to around 4,800. It appears that the casino industry is becoming less centred on gaming and more focused on overall “entertainment”. The move will likely see Foxwoods earn 65-70% of their future income from gambling instead of 80% with the remaining income coming from entertainment offerings and amenities.

The Future?

This is a pretty big announcement from one of the most recognised casinos in the world. It is pretty fair to assume that over the next few years, many casinos across the globe will switch a greater portion of their focus from gambling to entertainment as consumers demand from the casino “experience”. Expect casinos in the future to offer a real “Hollywood” experience with gambling, nightclubs, shows, exhibits and much more, all under one roof.