My cousin Joel lives in Las Vegas, he's my first cousin on my mother's side. Anyways, I don't see him a whole lot, but every once in a while we check in with each other, just to make sure we're both still alive. Now, I've been chatting with him off and on for the last couple of years about some Las Vegas ideas. The thing that I like most about sharing my ideas with him? He lives in Las Vegas, so he's much more able to relate to some of the things I'm spewing.
"Hey boy, what's going on?" I called Joel the other day. I wanted to let him know that my father and a couple of other people would be in town soon. I also had to bring him up to speed on what I was thinking. Judging by the tone in his voice, I think I might have woken him up? "Just working, same shit different day." Joel is not a guy who gets real descriptive when you ask him a question, short and sweet, that's how I like it. "I need to bring you up to speed on an idea I'm going to be pushing when the contingency comes into town. You've been paying attention to the online gaming laws in the State of Nevada?" I'm not sure exactly what he pays attention to, but this is Las Vegas and if anyone can process what I'm talking about, it would be him.
"I've been paying a little attention to it. Not a whole lot, but some." It was time to bring the cuz up to speed on a few things, so I told him this; "Online gambling is projected to be a 100 billion dollar business by 2020. The Asians dominate, in terms of total gaming revenue, the land based part of gaming and I expect that trend to continue online. Now think about this for a moment. When they legalize online gambling in Nevada, other States are bound to follow!" Now, when I first called Joel, I could tell that he was half asleep. When I told him this. I think he woke up?
"We are living in the gambling mecca of the world, soon we will be living in the online gaming capital of the world. Now, the most important thing we must do if we want to get in on the new action coming down the pike? Data base creation! When my group comes to town, we're going to head straight to Chinatown and discuss how the Asian market might be cracked. Imagine this for a minute, 10,000 Asians in a data base controlled by us, constantly gambling! The normal hold on a set-up like that is 4%! You know your fair share about the gambling industry. Do the math! One last thing, the Asian market is wide open for an effective growth strategy, not nearly as crowded as the traditional markets! So be ready to make a trip to Chinatown when my father and the rest of them show up in February." Like I said earlier, Joel isn't a man of many words, but I knew I had his attention when he told me this. "You better bet your blue boots! I'll be there!"
I like to end every post of mine with a thought I'm having...Call it the village idiot thought of the day. "The projected growth of online gaming in the coming years is astronomical! How could someone get in on the growth? To me, that answer is simple! A whole lot of China!"
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