A casino is a place where people can enjoy various gambling games. Some are easy and require no skill, while others are much harder and require a high level of strategy and luck. People can play casino games for fun, socialize with friends or try to win big money. However, not all casinos are profitable. Some lose money and even go bankrupt. It is a competitive industry that faces not only other casinos, but also non-gambling resorts, online casinos, private gaming and a large illegal gambling business that dwarfs the legal one.
This article explores tried and true casino marketing strategies that will boost your revenue now and in the long run. It includes ways to promote your amenities, unique offerings and latest events to potential guests. It is also important to focus on location-based marketing, which enables your guests to find you when they are in the area.
Casinos make money by providing patrons with a mathematical expectancy of winning. In order to attract and retain players, casinos often offer “comps” such as free hotel rooms, food, entertainment and transportation. These incentives are based on the amount of time and money spent at the casino. However, many gamblers have difficulty leaving the casino even when they are losing money. This is because they are able to experience a manufactured bliss through the smell of food, dazzling lights and the joyful sound of slot machines. Moreover, they feel the need to return to their favorite game in order to recoup their losses.