Online Casino Gambling News - by Gamblers Lodge

Summit Entertainment Plans to Release Online Casino

The land-based casino owner and entertainment company, Summit Entertainment Group Inc., announced it is in the planning stages of developing an online casino to be operating on the internet very soon. Called Summit Online Casino, the betting site will run all the traditional casino games and slot machines

A gaming platform development contract has been signed with FutureBet Gaming Systems, who has already created many gambling platforms for large online casino destinations, such as SportsBookUSA and PokerRoom.com. Together, the two businesses plan to put into operation an online casino that will hopefully make US$300,000 in the coming year.

Summit Entertainment Group is known for acquiring and operating land-based casinos, which is why it should be interesting to see how well the company does online. Now the largest casino operator in the world, Harrah’s Entertainment, tried to do the same, but recently closed down its online casino due to a loss of profit. And although Summit just successfully acquired yet another casino in Biloxi Mississippi last month, the online casino gambling world is a stark contrast to the land-based world.

Whereas the overhead in operating a brick ‘n mortar casino is more costly, marketing to the public is more localized. On the internet, a lot more funding is needed to be put into marketing in order to make a substantial dent in the multi-billion dollar industry.

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