The price of gaming has been a growing topic of interest for the casino industry for some time, the most recent example being an Applied Analysis slot hold study funded by the Association of Gaming Equipment Manufacturers (AGEM).
This past May, executives for MGM Resorts International and AEG gathered to celebrate the “topping out” of the Las Vegas Arena, a privately-funded, 20,000-seat, $375 million indoor arena the companies are co-developing on land between New York-New York Hotel & Casino and Monte Carlo Resort and Casino on the Las Vegas Strip.
There is no denying that a $32 million salary is substantial; but what some may question is whether a chief executive officer (CEO) is actually worth such an amount, especially when others in the company don’t make anywhere near that number. In fact, the average CEO in the S&P 500 makes 373 times the average worker.
In 2014, U.S. commercial casinos’ gross gaming revenue (GGR) totaled an unprecedented $37.9 billion, according to UNLV’s Center for Gaming Research. Although the sector broke industry records, it represented an annual growth rate of less than one percent.
For the second year is a row, there was a runaway winner for the top platinum spot in Casino Journal’s annual Top 20 Most Innovative Gaming Technology Products awards, the honor of which went to SkyWire for its Mobile Connect Suite product line.
There’s little doubt that today’s slot floors are dominated by video slot machines, a product whose inherent technology allows it to be constantly innovative and fresh, qualities that appeal to a large segment of slot playing public.