Are Online Casinos Putting Land Based Casinos Out Of Business?

The news shocked many Americans when Trump Taj Mahal’s Casino filed for bankruptcy this past week. The New Jersey market has always been known as one of the better places to gamble. The Ultimate Gaming Company was the first one that offered online poker to residents in the US. But, when the announcement came over the famous Trump Casino closing, they are pulling out of the New Jersey market. They were partners with this casino located in Atlantic City. The news is shaking the gambling world, but could it mean that people are looking to online methods of gambling rather than going to a facility?

Ultimate Gaming is based out of Las Vegas and it has terminated the agreement they had with the said casino for online gaming. They stated that there were multiple breaches against the agency, and after it filed for Chapter 11 protection, the breaches became known. However, Ultimate Gaming will continue to offer online poker in the Nevada area, but they consider the New Jersey market to be finished.

New Jersey was one of the few states in the union that legalized gambling online. They did this to allow states to have the ability to create more revenues and prevent losing the online players. The original agreement stated that the original servers were going to be housed in the Trump Taj Mahal’s Casino. However, since the inception of the agreement the revenues projected have failed to meet the expectations of the company. There have been closures of five casinos, out of 12 in Atlantic City within the past year. The real problem is Atlantic City has been hurt by the competition in neighboring states. While they were once the only area with such flexible laws on gambling, that is no longer the case.

While the casino is still open, they anticipate that it will have to close in November of this year. The bankruptcy petition was filed on September 9th. This is a big blow to the Atlantic City market, but could be an indication of just how much online gambling is affecting the established business. Online gaming hasn’t been big in the US, well at least not as much as it has been in other areas. However, with many sites within specific states looking to the courts for bankruptcy protection, one cannot argue that the increased revenue wouldn’t be helpful.

Online gambling is become the way to play. The odds are higher and the new player bonuses are lucrative. A person has the ability to enjoy responsible gaming in the comforts of their own home. There’s no need to worry about parking, entry fees, or the expensive food. Well, there is really no reason to even get dressed up. Playing poker, craps or the slots can be done while yelling at the children and even cooking dinner.

The possible closing of the Taj Mahal’s Casino, just shows that things are morphing and changing and online gaming is becoming the norm. Analysts anticipate that over the next few years there will be more and more online casino’s popping up and more and more physical establishments shutting down.

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  1. I don’t think so physical casinos still hold their presence and importance.

    • I agree with your statement. Playing at home on my computer is more comfortable for me and safer.

  2. Some of us are not in the US but we get to enjoy US casinos through online gaming. This article is on point!

  3. Yes online casinos help people to understand the beauty of Casinos

    • JOY ISAAC You are right. Therefore totally agreed with your words

  4. Online gambling is coming at the right when there are some many new upcoming gamblers who cannot access services due to limited restrictions in their countries.

    Nice article.

  5. in my countries, government really concern about gamblingonline, but There’s many ways how to break limited restriction. Many tools can use for break the access.Thx

  6. OC save our time. That’s why it getting popular day by day.

  7. People can enjoy their favorite game in comfort of their home.

  8. Well I think Its based on country to country. In Some countries where the Land Casino are not available the online casino’s are getting importance.

  9. I think, since the online gambling era has come, there were some issues about how people decide which choice are suitable for them. offline or online? in some third country like indonesia, the singapore pools are the biggest gambling website money earner.. we heard almost $100 million net profit per day. and i think yes. someday online casino will suitable us, because people in indonesia dont need to buy an expensive ticket to vegas. and yes, everyone can play it, because it cheap and easy.

  10. The key to a successful business is marketing, marketing in which an interpreter must be able to sell their products. In this marketing course that is expected of customer is services and a bonus is to be obtained. Strange also if a large gambling like the Taj Mahal casino can bankrupt, means there is an error in the system management.

  11. Sometime, even the best marketing plan, and the best management system, cannot win against time. Time is unpredictable. It can support us or it can against us

  12. land based casinos will always have their own importance. No matter what, they always manage to attract a good amount of crowd. In fact the online casinos will ever hardly be able to set up the atmosphere from a Vegas casino.

  13. The technology improvement nowadays, has come to virtual reality era. Not far in the future, people may experience real casino sensation from the legendary taj mahal, mandalay bay, etc, by wearing their VR mask. Stone replace by sword, sword replace by arrow, arrow replace by gun, and gun replace by missile.. all come for a reason. All come for greater good.

  14. Landmark base casino cost billion of billion dollar.. while online casino cost far more cheaper. Landmark base casino spend so much on fixed cost. Not to mention variable cost every month. They seem to be so glamourous, and very wealthy.. but once they’ve got negative margin at their income statement, the problem begins.. so this is a competition between effiency vs glamourous. Online casino work so efficient and effective.

  15. Yeah, you right sumarjo, but still, online gambling right now still cannot replace the sensation, the tense, the joy and all the noise from the surrounding people.. but yet the technology will improve.

  16. And one more thing will be missing, the smoke and the alcohol.. i know it sound not good, alcohol and cigarettes doesn’t make gambler win, but neither does milk and candybar… 🙂

  17. Because the play betting figures can be done by anyone, anywhere, anytime. Can bet small to large, in my country is very popular in the area play guess number of police vehicles.

  18. online casino is very popular because it can be played at home to relax and do not cost much, but it would have been nice if a vacation to another country while playing casino in the country.

  19. Hey rudz, i’ve heard in some area in indonesia, they even bet for the presidential election? Not to mention they always watching the nature works to looking for some “devine sign”, and they convert it to number for next day totobet. Is that true?

    • interesting information bernardbear, whether it’s true?

  20. That may be true, a current online gambling will be more advanced, but for certain people offline gambling will still be an option because they think play offline more gives a different sensation when compared to playing online

  21. in Indonesia is not only a presidential election that made a bet, even up to the election district head headman or even made a bet, for those who like to bet anything can be used as a bet, such as rudz say guessed number of police vehicles.

  22. remember the very rapid development of technology, every year its even months, we know there is always the latest information related technology. this allows the development of the online casino world is getting more sophisticated and interesting, and of course the spoil of the online gambling lovers.

  23. But something i dont agree with online era is: people is getting fat day by day,maybe someday. People just sit in their home and do all of their activities by using their Virtual Reality Mask. If that so.. human can reach a massive size.

  24. The picture of VR era probably like this: Dad sit at his room, doing his office job, driving his car, and meet with his client at the Virtual Reality World. While mom sitting in her sofa to buy food, meet her friend and chat with them. And the kids sit at their room to go to school, learn, and hangout with their friends. And who will do the shipping, cleaning, gardening, etc? The robot will do it.

  25. this is what happened today from offline into online casino world. Gambling world has experienced the changing times, as it has done OC. congratulations OC..

  26. Before reading this article, I do not believe the big casinos like the Taj Mahal, could go bankrupt. This indicates that the online system will displace conventional systems.

    • Actually, first time when i’ve knew how much the annual cost of landbase casino, i’ve wondered, for how long they can survive? Do they reach the break even point? If they’ve reached the break even point far before they gone bankrupt, it’s ok.. Their bankruptcy its only a court paper, in the reality, they getting rich.

  27. Thank you @admin as I live in the US and it is something almost every gambler has been wanting since Black Friday stopped all gambling in the US. If it means Casino’s will suffer cause of the online presence then you are correct.
    But to solve this the Landbased Casino’s have got to get Brand Online and create that stream of income from it.

    • @Ardodd : That’s i think is the best solution that make sense, the question is? Are the online casino revenue can match the landbase casino revenue? This is something that we will figure out in the future

  28. No doubt, online gambling is getting progress day by day. Now in this modern age every one is familiar with computer or other technologies by which we can access Internet. Now every one wants to do every activity from home. Particularly, in case of online casinos, now almost all the gambling fan,players,or other concerning people are using online casinos. According to my opinion, yes online casinos are putting down land based casinos.

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