Miami’s Calder Casino and Race Track Get OK For Slots
Calder Casino and racetrack just received the OK to go ahead with their slot machine installation. Everyone in the gaming industry knows that slot machines are highly lucrative in the market. Even Las Vegas casinos know that slots make up about 60% of their operating income. Now that the recession is deemed “over” but the aftermath is still heavy upon the market, the interesting thing is that slot machines are still proving their worth. In fact, some casino owners are noting how though top-dollar slots are suffering, the popularity of smaller denomination games are more than making up for it. If you walk into any casino you’ll see that the penny and nickel-slots are almost never empty despite the market downturn.
Calder Casino and racetrack was petitioning hard for slots and recently got them. The economy brought many changes to the revenue structures of racetracks. Most have numbers that are drastically down and have the same amounts of expenses. This is causing many problems in the market. Most casinos are looking to bring in slots parlors to their facilities. In fact, the move is so popular that the new term “racino”, a combination of racetrack and slot casino, has been coined. The racino just received their first shipment of slot machines. In fact, they came all the way from Illinois. The wait was worth it though.
In the shipment to Calder Casino were 242 brand new slot machines. The facility is still under construction, but the machines complete a big part of the opening. The pending opening date is going to be some time in January of 2010. When the facility does officially open it will have a total of 1,225 slot machines installed. The machines will be varied from the penny-slots to the dollar-slots so visitors will be able to pick, according to their bankrolls, what game they want to play.
Calder Casino is hoping that the inclusion of slot machines will bring it a new audience. The ractrack is not unlike most racetracks in the country that have suffered greatly due to the recession. Hopefully the slot machines will bring more people in and more revenue for the track to enjoy.
