Gaming industry sees cost savings in money and ticket counters
While casino owners can't always take full control of their profit margins, they can still use automated technology such as money and ticket counters to make sure back office tasks have a minimal impact on overhead spending. The U.S. economy has made a substantial recovery from its lowest point several years ago in the thick of the Great Recession. This means consumers may be more willing to spend money at gaming businesses.
In Louisiana, these trends have led to subtle boosts in the local economy. For example, The Times-Picayune, a New Orleans-based newspaper, cited a report from the state's gaming industry that found overall riverboat casino revenue increased 4 percent in January of this year compared to the same month in 2013. A separate article from The Advocate, an online publication based in Baton Rouge, revealed that racetrack gambling institutions have also experienced substantial growth in the past year.
These findings present an overall positive picture for the state's gaming industry as whole. Statewide earnings amounted to $188.5 million in January, which is slightly more than the $182.5 million generated last year. However, casinos still have a long way to go before they are fully recovered from the economic recession. According to The Advocate, gambling revenue actually dropped in both New Orleans and Baton Rouge. This unpredictability makes it especially important for managers to invest in automated back office technology like money and ticket counters to maximize efficiency and eliminate the need for unnecessary overhead costs. When casinos offer a variety of entertainment attractions, employees typically need to manage, count and sort a large volume of tickets and cash generated from admission fees or from gaming machines. Instead of shouldering the burden of using manual processes to complete these tasks, advanced, dual purpose machines will uncover new opportunities to save.
February 27, 2014