Celebrity-Owned Casinos: A Behind-The-Scenes Look at the Business Of Gambling

The popularity of gambling has been increasing rapidly in recent years. One of the main reasons for that is the flexibility players can get. That is especially because you can visit a land-based resort or play online. It is all up to your preferences.

Many people are still more into the first option, and the main reason for that is the excitement you get while sitting at a table. On the other side, online platforms have become even more popular in recent years, and the main factor that caused that is convenience.

If you are interested in gambling, the first thing to do is to learn more about different games. Also, you will need a good approach to keep your budget in control. When it comes to online gambling platforms, it is also important to check whether a certain website is legit and safe. There are other features to consider, such as available games, payment options, and more. If you are from Australia, check out fast payout online casino Australia.

Moreover, while many people love to test their luck every day on various platforms, many investors are interested in this industry because it offers great profit potential. In this article, we will present you with some celebrities who own their casinos and the potential this industry offers them.

Kirk Kerkorian

Source: youtube.com

First, we must mention that this person became famous through the gambling industry. He was one of the first to build huge Las Vegas resorts. Therefore, he hugely influenced the popularity of the number 1 gambling spot in the world. Kerkorian was one of the first people who noticed the potential of this city and started buying land there.

During the 60s, he sold the land to some of the most popular casinos today, such as Caesars. After that, he began building his resorts. Some of the most popular owned by Kirk are The International and MGM Grand. Shortly after building the MGM, he sold it for nearly $600 million. Kerkorian is also known as a successful businessman in other fields and a philanthropist. His charity organization donated over $1 billion to Armenia.

Sheldon Adelson

This is another billionaire on this list. Interestingly, he also started in other fields and later decided that investing in the gambling industry would be the best solution. The first financial success was after setting the biggest trade show in the tech industry during the 80s. He managed to sell this company during the 90s and get a profit of over half a billion dollars.

However, his journey in the gambling industry started before this huge sale since he started investing in it during the late 80s. The first acquisition was the Sands Hotel in Las Vegas, which later became the famous Venetian, one of the best casinos in this city. He was active in other places as well, especially when it comes to Singapore and Macau.

Donald Trump

Source: onlinecasinosite.com

The ex-president of the United States is one of the most influential people in the world in the last decade. Even though there were some issues related to his position as a president, and how people have different opinions about him, we cannot doubt that Donald had a huge influence in different fields.

Before he became a president, Trump was known as a highly successful businessman in many fields, especially when it comes to real estate. Besides that, he is also the owner of the Trump Casino in Las Vegas.

Some Celebrities Have Games Dedicated to Them

It is common that developers often create games with themes of popular TV shows, video games, and famous people. While these celebrities are not the owners of these games, some have certain rights and percentages. The most popular names you will find as slots are Guns and Roses, Michael Jackson, and Ozzy Osbourne.

When it comes to the main features of these games, you must keep in mind that the rules are the same as most other options. What makes them different are the special symbols, graphics, gameplay, and music. Therefore, if you find these features important, and if you enjoy more when there is a special theme when playing some game, you should check some of these options.

Why Is This Industry Popular for Investors?

Source: rmit.edu.au

The answer to that is quite simply. First of all, there is a huge potential for profit. Both land-based resorts and online platforms are making large profits every day. If you have a space in your area where gambling is allowed, building even a small casino can bring you a huge profit. The reason for that is that people love to gamble. Some of them will spend only a small sum, while there will be serious players as well.

Also, this industry is beneficial for tourism of many places. That is the reason why there are so many casinos in popular destinations. The fact is that people will get more relaxed when they are on a vacation, and many of them who are even not interested in gambling so much might try to test their luck during vacation.

The Bottom Line

As you can see, if you have enough funds to invest in this industry, it can be the right decision. That is especially the case with online platforms that are getting more and more popular. Owners of hotels and restaurants often decide to add a separate place and turn it into casino since that is a great way to attract more guests.

On the other side, if you are only interested in playing, keep in mind that having certain limits is crucial. The biggest mistake people are making is when they don’t have a plan. That can easily lead to financial issues. Therefore, determine the amount of money you can spend without facing problems, and then choose the most interesting games according to your preferences. A lot of these games are quite simple, and the only factor is pure luck. On the other hand, there are those where tactics and experience can help, such as poker and blackjack.

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