Friday, August 27, 2010 2:36:29 PM
You read all over the news how Las Vegas and Atlantic City are down significantly, and this is true, but what you don’t hear too much about is how gambling/casinos are popping up everywhere else. This is mainly do to the state/municipality budget crisis’s that are occurring nationwide. States see gambling revenues as an easy way to increase tax revenues. Three states just this year started allowing table games, my home state of Pennsylvania being one of them. In fact in PA alone, the acceptance of table games have added 12,000 jobs this year. Ontop of this, last month PA brought in more gambling tax revenue then the state of Nevada..an impressive statement but one must also consider PA’s gambling tax rate is 55% compared to Nevada 16%. None the less more and more states are allowing gambling in their borders, and the companies that supply these casinos with hardware, software, tables, games will be the winners. GLXZ is the 2nd largest table games company (1700 tables) in the world (SHFL is #1 with 4500 tables). GLXZ just got approved in PA to roll out its “Lucky Ladies” table game, and the company expects to roll out 150 of this one table game alone over the next 60 days. GLXZ’s newest table game, Triple Attack Blackjack, won Best New Game for 2010, a prestigious industry award. The inflection point is upon us.
I will write more about the company in the following days/weeks.
LONG GLXZ
http://iancassel.com/2010/08/27/great-meetings-in-vegas-galaxy-gaming-glxz/
Recent GLXZ News
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