What could be better than being a casino consultant? This job is ideal for someone who has a passion for gambling and related games. While the dealer deals and the cashier takes the money, you can be involved in all aspects of the casino consulting business. For example, a casino consultant might be able to help with all aspects of several casinos.
A casino consultant can help you make sense of new laws or changes in zoning to permit a new gambling establishment. Their knowledge of all aspects of the industry is what will help you make the right decisions. This includes demographics and how they will affect a new casino. In addition, a casino consultant will recommend the best games for the casino, given the local competition.
A professional casino consulting firm can provide services for all aspects of a casino’s operations. While accounting is the most important aspect of gambling, there are many other areas of expertise. There is no product to sell and there are no profit margins and costs to be calculated. It is vital to determine how much money will be taken each day and, even more importantly, how much the casino will keep depending on the odds.
Therefore, the casino consultant must guide it in deciding how many games it should offer and how much return it would make. For example, if you have 100 blackjack tables, there is an ongoing labor cost. Are there enough players to fill those tables? What is the expected revenue for each table based on the odds? This is not an easy task. Each game takes up space that another could have used. It is up to the casino consultant to determine which combination works best. It sounds great to flood the casino with only slot machines, as they make more money than any other game and have low operating costs. However, people won’t be attracted to a casino with only one option for gaming.
A gambling establishment can also use the casino consultant to help with game placement. It is important to know where the slots and tables are located to generate the highest revenue.