Recent analysis reveals a growing acceptance of smokefree gaming floors among players in the post-COVID era, according to insights shared by casino finance analysts. Their findings illustrate how the pandemic has influenced player preferences and gaming revenue trends.
Key Points
- Players are reportedly more open to smokefree casino environments, as highlighted by recent gaming revenue trends.
- Health considerations are becoming more significant, with the percentage of smokers in the adult population decreasing over time.
- Analysts urge caution when comparing revenue changes, as other economic factors may significantly impact results.
- Voluntarily smokefree casinos, like Mohegan Sun and Parx Casino, have seen differing outcomes compared to those allowing smoking.
- Casinos transitioning to smokefree areas are encouraged to create convenient outdoor smoking solutions for customers.
Content Summary
The analysis by Geoff Atkinson and Matt Roob reveals an increasing acceptance of smokefree gaming environments since the pandemic. According to them, casino operators who adopt nonsmoking policies can mitigate losses by providing outdoor smoking areas. They pointed out a notable decline in the percentage of adult smokers, from 23.3% in 2000 to just 11.6% in 2022, marking a shift in player demographics and preferences.
The comparison of different casinos also highlights how economic conditions, such as the 2008 recession and recent casino expansions, can skew revenue analyses. For example, while Illinois went smokefree in 2008, neighbouring states did not experience the same downturns. The overall trend suggests that players are gradually accepting smokefree spaces, but it’s vital to consider broader economic contexts when assessing revenue impacts.
In instances such as Orleans Parish in Louisiana, smokefree regulations did not necessarily lead to increased revenue in the same timeframe, prompting analysts to analyse other local economic factors affecting gaming revenue. The findings encourage casinos to adapt successfully, creating a welcoming environment for both smokers and nonsmokers to thrive.
Why should I read this?
If you’re in the gaming or hospitality industry, this article is a must-read! It dives into how player attitudes towards smoking in casinos are evolving and what that means for revenue. With fewer smokers and a focus on health, keeping ahead of these changes can help you strategise your business decisions effectively. We’ve done the legwork for you, so why not get clued up?
