Casino Essentials Archives

Top Tips to Improve Your Casino Business Finances

12/01/202028/10/2019P2PFA

The competition in the casino industry is fierce. It does not matter where you are operating, there will always be that one competitor behind chasing you and another one upfront laughing at you. To improve revenue, ROI, and improve overall business finances, you not only need to adapt but be subjective and objective in running your business. If you’re having a hard time, here are some tips to help you improve your finances and profits. Be Lenient and Clear with Casino Credit Making sure all distributed casino credits are monitored and paid is a challenge. Casino credit is an amount of money you either request from the casino or the… Read More

3 Casino Terms Operators Must Know

09/12/201928/10/2019P2PFA

The casino industry just like with other industries have their language. Not an entire language per se. But some certain words or phrases only make sense to a certain group of people. In this blog post, we’re going to talk about casino operators, owners, and executives. So, are you familiar with any of these terms? The Handle We’re not talking about the slot machine handle. The Handle in the casino is the total amount of wagers made by casino players or customers. Calculating the total amount of the handle is important if you want to determine if your casino is making money or not. It is important to make sure… Read More

The Difference Between Casino Credit and Front Money

02/10/201928/10/2019P2PFA

From a scale of 1 to 10, with 10 being the highest, how would you rate your knowledge and skills at the casino? So, 7? 8? 4? What is it? Whatever it is, understanding financial aspects of gambling at casinos will help you put that up to 10 and beyond. For customers, the important thing you should first consider is the amount of money you are going to spend. By now, you are aware of gambling addiction and its financial downfall to millions of people all over the globe. It is up to you to be responsible with your casino spending. With that said, you must first know the difference… Read More