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Slot Machines – Where We Were and What We Are and Where We’re Going
We were there

The idea for the slot machine was conceived by Charles Fey in the 1890's. He likely didn't know that his invention, called the "Liberty Bell", would become the most popular type of casino gambling.

The slot evolution however had several difficulties as many of the United States viewed gambling as an issue that was socially unjust. By 1910 the entire legal gambling industry was banned, which left horse racing as the sole legal form of entertainment in America.

The public's desire for gambling was comparable to the demand for alcohol during prohibition. There were many "Speak Easy's," which were operated by Organized Crime, that had slot machines and alcohol. Underground casinos continued to operate following the end of prohibition.

States began cracking down on illegal casinos and began to confiscate gambling equipment, such as slot machines. Mayor LaGuardia of New York City called them "mechanical pick pockets", destroyed them with the hammer of a sledge and dumped them in Long Island Sound. You can watch the whole event on YouTube.

In 1931 Nevada legalized gambling. Casinos in the state were equipped with slot machines, however they were only there for entertainment of mistresses or wives who played the games with their pennies and nickles. While the men gambled at tables, the slot machines were in the casinos. This is shown by "The Las Vegas Story" which was a film from 1952 starring Jane Russel, Victor Mature and Vincent Price. Slots remained an "ladies" game until Atlantic City legalized gambling in 1978.

Bally Manufacturing created a unit that could be powered by electricity. The machines started to blink and emit different sound effects. With the introduction of multi-coin accepting machines the new dollar machines brought bigger jackpots for players. The Random Number Generator was created in order to ensure that the highest payouts could be increased with versions that had five or four reels. Another option to replace the handle was to use the spin button.

The Indian Gaming Act was approved in the 1980's which allowed casinos on reservations as well as newly legislated dockside riverboat gambling attracted new slot players , while racetracks also added one arm bandits..

IGT launched Megabucks in 1986. The slots were linked to Nevada via phone lines, offering a giant lottery size jackpot that increased with every dollar wagered. Players could become millionaires by winning the Progressive Jackpot. best 2 player games began abandoning the table gamesand flocked to the machines and casinos noticed.


Where We Are

The emergence of slot machines paved the way for innovative innovations. A video slot that had 25 lines, and a bet of 10 credits per line is permitted for ticket in, ticket out, (TITO) system. The coins and the handles follow the dinosaurs.. Operators were able to lower amounts to one penny while still making a profit.

fun two player games pushed for themed slots, which were inspired by popular films or television shows as well as entertainers. You can play the Wheel of Fortune and giggle at Curley Larry and Moe. You can also take a ride with Captain Kirk or sing over Ol'Blue eyes. You can also find clips from your favorite TV shows , all in the games.

The video reels have five reels and 40 lines. They have high backs and vibrate for bonuses. Touch screens have the latest LCD technology including 3D graphics, as well as Bose audio systems that continue to improve. According to the theme of the game the players can bet starting as low as 1 penny(credit) per line, up to $2, $3, and the maximum of $4. Progressive jackpots can range from six to seven figures whereas bonus features offer huge payouts.

The debut of CSI and Sex and the City, Iron man and Michael Jackson, David Copperfield and The Walking Dead, Back to the Future and Jurassic Park saw the addition of CSI, Sex and the City and Iron man. play free , Let's Make a Deal and the Godfather were also added. Monopoly and The List continues.

Where We're Where We're

There is no doubt that the popularity of themed slots will continue to increase. But there is a significant segment of casino patrons seeking something new. They're the Millennials.Born in the mid 1980's through the mid 1990's, these players grew up playing video games. The Millennial generation wasn't keen on being in front of machines to win. They want to be part of the process to make it happen. This was the catalyst for Games of Skill to be launched at the 2016 Global Gaming Expo (LAS VEGAS).

Two companies, GameCo and Gamblit Gaming showcased their offerings at the show and, from all indications the prospects are very bright. Other companieslike Konami and Scientific Games are creating their own versions to appeal to Gen Y's. Soon others will follow.

A few of the games are based around poker in which only a few players utilize their expertise to win the cards they need. Another game demands players find treasures that are rare in the Pharaoh's Secret Temple before the time expires.




Read More: http://www.perryslandingmarina.com/business-gambling-investing-and-the-opportunity/
     
 
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