Live Dealer Casino games explained

Live dealer games are one of the more interesting and noted trends which have been happening in the last few years in the online casino industry. Live casino games were initially developed about 10 years ago as a niche type game primarily targeting the Asian markets, who expressed a demand for such a type of games. In the time that has passed since then, live casino games have changed, developed and evolved quite a lot, making them as popular, exciting and lucrative in the Western world, especially in the UK and Europe.

Live dealer casino games are in fact online casino games where the player is actually engaging in a real live game hosted either at a real B&M casino or at a studio. The cards are dealt by a real live dealer who has been especially trained to host such games and players can see exactly what is happening in the game and enjoy as much as possible the excitement and action similar to what they would experience at a bricks and mortar casino.

In the early days of the internet, many land based casino players, eager to try out the new medium of gambling online, didn’t do so for two main reasons. The first being that they did not feel comfortable with providing their credit card details to some online entity they could not see or touch. The second was that players generally didn’t trust the random number generators (RNG), which are the “engine” behind all online casinos. Many people believed that the RNG was fixed and in the favor of the online casino, thus making the chances of you losing all your money almost certain. At a land based casino, players could see the cards and the dealers and feel the action on the casino floor. The fact that they were dealing with real live people made the whole business believable. Having a machine deal the cards instead of a person was unthinkable in those days! This forced the online casino software providers to come up with a solution; live dealer games where the player could see the dealer and the action at the casino, just from the comfort of his own home while playing at an online casino.

The first live dealer casino games were rather limited and didn’t quite offer the player experience the online casino software companies hoped for, especially due to technical and technological reasons. Video streaming was extremely slow due to narrow the narrow band width that existed in those days and the result on the players’ end was not the excitement and glamour on the real Vegas casino floors. Due to this, live casino games did not become as popular as the developers and casino operators hoped for. Luckily, developments in bandwidth and video streaming have contributed largely to the ability of software providers to improve and enhance live casino games closing the gap between the dream and vision to reality.

Most online casinos don’t develop their games in-house and purchase a license from a company that develops the software for online casinos. The leading software developers that offer live casino games are Playtech, Microgaming and Evolution Gaming and they generally operate them for their licensees, either from a TV studio or from a real land based casino. This means that you will probably see the same live casino games at different online casinos. The reason for this is that the operating costs are higher than the standard RNG powered games. The result is that this is the only business model so far that has proven itself profitable to both the software developers and the online casino operators.

Online casinos generally offer a narrow selection of live dealer games, namely roulette, blackjack, baccarat, sic bo and casino hold’em. Roulette and blackjack are the most popular by far.

When getting started with live dealer casino games you are required to choose the table and dealer you prefer. Dealers are usually very good looking women; however there are also a few handsome men around to keep the ladies coming back for more. The live dealer manages the game, just like at a land based casino and they are all extremely well trained and knowledgeable as they need to deal with many things at the same time. If you have the sound on the computer turned on you will be able to hear all the ongoings in the studio and even the live dealer wishing you luck.

How To manage and expand business growth

There are also downsides to business growth that can make a business less profitable, and even destroy a business altogether. Rapid expansion carries the risk of making your business unmanageable, more costly, and less efficient. Depending on your business, the difference between growing 10%, and growing 25% may require you to double your labor force since you will not be able to use your existing labor force to take on this new rapid growth. In addition, all this rapid growth in your labor force may require larger working quarters, as well as additional administrative staff. Growth can also tie up cash, especially if you have to invest purchasing equipment, or have to move into larger quarters.

Hopefully you are starting to see how such a move can erode your profits. This article is not to discourage you from seeking growth for your business, I am only recommending that you do your due diligence when faced with this possibility. Rapid growth can have a tremendous impact on your business, and on the quality of your service or product. To analyze your growth capacity, consider the following:

  • Determine your idle time rate by dividing your idle time into total hours paid to your employees directly related to generating revenue.
  • Not only will idle time rate help you determine how efficiently you are using your labor force, it will also provide you with insight on how much additional growth the existing labor force can handle.
  • If it is possible for your current labor force to absorb growth, can it still be delivered with the same quality, or will the quality suffer given that your employees are expected to work harder.
  • Your business structure to support this new rapid growth plays a huge role. Determine whether you have the sufficient administrative staff, and required workspace.
  • Determine the additional capital expenditures required in relations to the growth opportunities, rapid expansion will tie-up a great amount of your capital, which can have an impact on the entire business.

Bottom line, business growth is vital, it can make your business a competitive force, efficient and profitable. The level of growth however is entirely dependent on your type of business, your labor force capacity, financial resources, and overall business structure. The slightest miscalculation can get you in trouble very quick, and drive your business to the ground.