Horse Race Betting at Horseshoe Casino

Horseshoe Casino Baltimore plans to offer its customers horse race betting soon. As of now, no casino is the state of Maryland has this facility. If Horseshoe Casino’s plans bear fruit, it will be the first casino in the state to offer its patrons a chance to enjoy horse race betting.

All set to bet

Horseshoe Casino BaltimoreIn fact, preparations to enable horse race betting at the casino are almost done. The management is keen to see all equipment in place before May, when two horse race events scheduled in the first half of the month. The Kentucky Derby is scheduled for 2nd May and another event, Preakness is scheduled for the 16th of May.

The betting area is in the vicinity of the Baltimore Marketplace. The place is set on the first floor of the building and all equipments needed to place the bet would be available here. The Horseshoe casino management soon plans to equip the room with television sets and carrels for the purpose. They also plan to open two terminals where bettors can place bets by themselves. But the date is not known yet for the installation of these self-betting machines. The casino management would also have a teller on hand for big racing events like Preakness.

About Horseshoe Casino

Horseshoe is an exciting place for casino fans as it offers a great variety of games. There are more than 2200 slot games of all types for fans to enjoy. From penny slots to slots with big bets upward of $500, there is a slot for everyone at Horseshoe. There are also more than 150 machines for video poker, which means no one has to wait for their turn to play. There are also tons of table games for unlimited casino fun at Horseshoe. Patrons can also enjoy rewards and credits at their favourite casino.

California Casinos Want Non-Gambling Revenue Opportunities

Native American-owned casinos in California have invested millions of dollars to upgrade their hotels, casinos, and amenities in an effort to attract a more diverse range of customers. While these casinos will continue to cater to their most loyal gambling customers, casinos in San Diego, Hollywood, and other parts of California are also trying to bring non-gamblers and casual gamers through their doors, too.

Owners upgrade their casinos to attract more customers

Hollywood-based casinos are hoping that things like 5-star restaurants, outdoor waterparks, authentic Japanese sushi bars, and entertainment complexes will attract these more non-traditional gambling customers.

 

New Revenue for the Tribal Community

The Native American groups that own and operate California’s brick-and-mortar casinos hope that these new amenities will generate a new stream of revenue for their businesses. A tribal spokesperson believes that diversifying revenue can help Native American-owned casinos stay relevant during these turbulent times in the gaming community.

More specifically, online gambling websites are threatening the monopoly that Native American tribes have on California’s gambling industry.

 

Experts Examine Non-Gambling Revenue in Las Vegas

Although California’s Native American tribes do not release their casino-based revenue to the public, casinos in Las Vegas do release that information to the public. Experts who have examined this revenue data suggest that world-famous casinos in Las Vegas have relied heavily on non-gambling profits in recent years.

In fact, these revenue reports indicate that casinos in Las Vegas only receive about 37% of their annual revenue from traditional gambling. The larger chunk of this revenue comes from entertainment, lodging, restaurants, and other leisure-oriented amenities.

Alternatively, Native American casinos earn between 80% and 95% of their revenue from gambling. The tribal community hopes to strike a balance between non-gambling revenue and gambling revenue over the next decade.