GGB is committed to providing updated news and analysis on our weekly news site, GGBNews.com.

Bit of a Roller Coaster

Bit of a Roller Coaster

While cybercurrency has been suggested as a way to expand gaming, few regulatory bodies around the world have ventured in that direction. One of the reasons they are reluctant to approve it is its volatility. Despite being the biggest and most significant cryptocurrency, Bitcoin is still susceptible to dramatic rises proceeded by equally rapid falls. Having surged to an all-time high of more than $60,000 in April 2021, Bitcoin plunged to around the $30,000 mark at the end of July. Instability and crypto go hand in hand, though, and the Bitcoin roller coaster raced skyward again soon after, with the record-breaking price of over $67,000 hit in early November, followed by yet another trough. For the gambler, it’s about knowing when to get out. For a casino, it’s too much of a gamble. The chart comes from “The Fact Pack,” a weekly economic report from Las Vegas-based HighTower and RCG Economics. To subscribe, visit rcgecon.com.

    Recent Feature Articles

  • Know Thy Customer

    Loyalty programs have evolved from logs of wagers, wins and losses into customized programs to reward and retain players.

  • The Long Road Back

    Macau’s recovery from the pandemic is not imminent; it could take years.

  • Tying the Knot

    Why there needs to be complete cooperation between corporate and property when deciding on marketing strategy.

  • Money Pit

    What strategies will be effective to achieve success in the sports betting market?

  • Labor Pains

    The Covid pandemic put millions out of work. Two years after the shutdown, some people are still not rushing back to the job.