Panduan Bermain Judi Poker Online Untuk Pemula Di Situs Daftar Poker Idn

Poker online adalah permainan judi kartu online menggunakan internet dan berbasis online, lebih praktis dan mudah untuk dimainkan. Bagi para pencinta poker pasti sudah tidak asing dengan permainan yang satu ini. Situs poker online di daftar poker Idn menjadi salah satu situs poker online paling favorit dan paling banyak dimainkan oleh para pencinta poker. Para bettors offline sudah banyak yang beralih ke permainan poker online karena lebih praktis dan mudah. Terlebih lagi ada banyak keuntungan yang di berikut oleh agen poker online terpercaya kepada member yang telah bergabung. Hal ini tentu membuat banyak bettors semakin tertarik dan bersemangat untuk bermain poker online.

Bagi kalian yang masih batu di dunia poker online maka harus lebih teliti saat akan bermain poker online, pasalnya sekarang sedang marak penipuan berkedok situs poker online. Jadi pastikan kalian bergabung di situs poker online terpercaya seperti situs poker online 1001. Situs poker online 1001 juga sudah menyediakan aplikasi khusus untuk para bettors yang bermain menggunakan ponsel android. Bermain menggunakan aplikasi poker android tersebut akan membuat kalian bisa lebih mudah saat mengakses permainan poker online, dibandingkan bermain melalui web situs daftar poker idn online. Jadi untuk kalian yang pengguna ponsel android silahkan langsung klik disini untuk download poker online 1001.

Panduan Bermain Judi Poker Online Untuk Pemula

Bermain poker online memang kegiatan yang menyenangkan dan juga bisa mendapatkan penghasilan tambahan yang jumlahnya lumayan menjanjikan, jadi jika kalian tertarik maka kalian bisa segera bergabung dengan permainan poker online ini. Untuk pemain pemula, kalian perlu mencari situs poker online yang termasuk daftar poker Idn online terpercaya, seperti situs poker 1001. Jika kalian salah bergabung dengan agen poker online yang penipu seperti yang sudah dielaskan di atas maka kalian hanya akan mengalami kerugian, untuk bisa menang dan mendapatkan keuntungan merupakan hal yang sangat sulit saat bermain poker online di situs poker penipu.

Jadi kalian harus memastikan bahwa situs poker online yang dimainkan adalah terpercaya, agar bisa bermain poker online dengan nyaman dan aman. Nah setelah menemukan situs poker online yang terpercaya, selanjutnya kalian perlu mendaftar sebagai member di situs poker online tersebut. Untuk mendaftar sebagai member, kalian tinggal mengisi formulir pendaftaran member baru, lalu ini semua data yang diminta dengan data yang benar dan valid. Setelah proses pendaftaran sukses. Kalian tinggal melakukan pengisian deposit pertama. Deposit berperan sebagai modal. Jadi jika deposit 0 rupiah atau kurang, maka kalian tidak bisa melakukan transaksi permainan poker online.

Tips Terbaik Bermain Judi Poker Online Untuk Pemula

Setelah pengisian deposit awal, maka kalian sudah bisa bermain poker online dengan mudah dan praktis. Untuk pemula carilah permainan poker yang paling mudah dimainkan, kalau bisa yang peluang menang nya juga tinggi.permainan poker yang mudah dengan peluang menang yang tinggi adalah domino online atau ceme online. Kalian bisa mencoba bermain poker dengan salah satu dari kedua permainan tersebut. Atau kalau ada jenis poker game lainnya yang lebih kalian kuasai, maka kalian bisa memilih permainan tersebut. Intinya pilihlah jenis poker game yang paling sesuai dengan kemampuan dan keahlian kalian. Sehingga peluang menang yang kalian miliki juga lumayan tinggi. Ini adalah tips terbaik untuk para bettors pemula agar bisa memiliki peluang kemenangan yang cukup besar saat bermain poker online di daftar poker Idn online.

Sales Funnel Strategies

What Is A Funnel Strategy

A funnel strategy is the creation of a number of pre-planned steps that a visitor goes through before they reach the end of the funnel where they can purchase your product or service. A funnel goal can also be for the viewer to leave an email address in exchange for a gift, PDF, video, or something else.

It’s called a funnel because there might be a lot of people who enter the funnel, which is usually a post or page on a website, but many tend to drop out before reaching the conversion finish line. As the number of people lessens the crowd thins or narrows, resembling a funnel type.

When a visitor reaches a point of decision and does what you’re nudging, or recommending them to do is called a conversion. The viewer converts from browsing to taking the action you wanted them to take.

The most successful funnels have only a few steps from start to conversion. Sometimes a way to increase conversions is to shorten the number of steps to a sale.

Getting Traffic To Your Funnel

  • One basic strategy is that traffic from organic searches, social media, or a YouTube video, drives traffic to your website blog page which leads the viewer to a product offer or recommendation. Reach visitors from social clickfunnels review 2019 media and organic traffic and send them to your YouTube video.

Although not a replacement for regular blogging, video blogging has become an extremely popular way of reaching online viewers.

  • Article marketing is a great way to enter a lot of content online for the search engines to rank, and for the viewers that are searching for that same article content.

Building up the site naturally will provide continuous site growth without spending any money.

How to Leverage Organic Traffic For An Email Campaign

One great way to leverage your site traffic is through the use of pop-ups. It’s important not to overuse pop-ups as they can take away from a friendly user experience while the viewer is trying to read your post.

Scaling a PPC Campaign is Easy

Sooner or later almost every successful business owner faces the decision of whether or not to expand the business to meet potential growth opportunities. The primary reason to scale a business is to increase profitability.

Here’s how PPC works:

Each time that your ad is clicked, sending someone to your website, you pay the search engine a small fee. When your campaign is set and running nicely that fee will not be a problem because every click could very well produce a sale.

An example would be that the PPC fee is $.50 per click and you’re selling a product worth $100. A few sales could pay for a lot of advertising and be a wise thing to do.

If you’re going to leverage and scale, be sure to use an existing funnel, a process that already gets organic traffic and conversions. Then add to that already converting system an avenue for collecting email addresses for another campaign. This can also be done with a Facebook ad, or a YouTube ad sponsored Instagram or boosted post and more.

Adding additional traffic to an already existing campaign and taking, what is working and scale it through the paid traffic of some sort.

So you see, scaling with a pay-per-click campaign really is simple.


How to Wear Perfumes? – Frequently Asked Questions.

Working with aromas as a website admin of Fragrance Place I got numerous messages and telephone calls with inquiries how to purchase, wear and store scents. Thus, I chose to compose this article as often posed inquiry.

Q. How to purchase and test new fragrances?

A. This is an excellent inquiry. There are such a large number of new fragrances going to the market each year. I have seen numerous ladies going to one of these retail establishments and attempting all sort of aromas individually. This is obviously off-base! In the first place, stay with your image name you’ve been trusting for a long time and you realize it works with your skin science well. Attempting new scent, apply a modest quantity of it to your skin and wear it for about 30 minutes. This will give time for top notes (for the most part incorporated into fragrances to establish first connection) to vanish and center lastly base notes to respond with your skin science and uncover genuine scent smell. Try not to rehash this with to numerous aromas simultaneously except if you revive your smell palette with a sniff from espresso been container.

Q. Are every one of the fragrances safe to wear?

A. No, It relies upon your uniqueness. A Perfume Singapore large portion of the aromas are protected to wear. Be that as it may, there might be a few fixings in the particular aroma you are hypersensitive to. To discover about it utilize a similar technique portrayed above by wearing the example of fragrance for about an hour and watch your skin response. In the event that there is no imprudent or tingling you are protected to utilize this scent. Be cautious wearing over the top aromas in open spots. A few people might be sensitive to the particular scents or can’t stand smelling a few fragrances for long time. A few houses of worship for instance have uncommon aroma free areas for the individuals with numerous synthetic reasonableness MCS.

Q. Where to apply fragrances to my body?

A. In all probability each one has conclusion how to wear aromas and where to apply them. A modest quantity of the scent ought to be applied as a matter of first importance to the beat purposes of your body including inward wrists, within your elbows, behind knees and ears. The beat conveys the fragrances. Splashing a little fragrance into the air and walk straight into it diffuses scent over the body. Continuously apply aroma beginning with lower body and stirring your way up to the top. Never rub wrists together in the wake of applying fragrance. It will debilitate and pulverize the smell. Consider utilizing a similar aroma in different items including shower gel, body cream, after shower splash lastly apply scent, maybe utilizing more grounded EDP Spray toward the end. Totally don’t matter scent to attire or gems. It will recolor your dress and may harm gems.

Q. Why the fragrance smells so lovely on my companion and I can’t wear it?

A. Not all aromas are reasonable for you and your skin science. There are four central point portraying the skin: sweat (the more an individual sweats, the less enduring the aroma), skin PH (influences musty particles), skin profile (harsh skin holds scent longer) and skin fat substance (heavier fat substance of your skin holds fragrance longer). The scent can smell one route in the jug, or on a companion, and entirely unexpected on you. There is entire science about skin science and is difficult to clarify this in this short article. You simply need to discover the fragrance which suits you the best. Test the aromas as depicted in the primary inquiry answer in this article.

Affiliate Funnel System Review

At first glance, Affiliate Funnel System (the new product from Saj P), looks like it’s going to cost thousands of dollars but to my surprise, it costs well under $100. So I jumped on board and bought it straight away. I have gone through the entire course and would like to share with you what’s it all about, why you need it and how it can help you make money online.

First, let me briefly introduce the author Saj P. He’s also the creator of the Four Tier Annihilation Method, Affiliate Payload and The Site Rush. If you can recall, the first two products were released in partnership with Alex Goad that had created quite a storm in the world of Internet Marketing. I own all his products because I know I will always learn something new from his course (no matter what the level of experience I may have). I find his course always provides good values.

What is Affiliate Funnel System?

In a nutshell, it’s a training course that teaches you how to build multiple profit streams online through affiliate marketing. The term used for profit stream in the course is called money funnel. So you’ll learn how clickfunnels scam to create many different money funnels. Although most of the methods focus heavily on affiliate marketing, they’re also applicable for selling your own products.

The entire course is structured in 5 separate step by step modules:

Module 1 – Research

This is the most important first step. More than 90% of affiliate marketers do it wrongly. You’ll learn how to do in-depth market and product research that will guarantee to generate profit. You’ll also learn many advanced keyword research techniques and how to do proper competition analysis to gain competitive edge over your competitors.

Module 2 – Landing Page Systems

Many affiliate marketers are doing hard-selling, this is a wrong approach. With Affiliate Funnel System, you’ll learn how to do proper pre-selling that essentially will convert your visitors into buyers before they even reach the merchant’s sales page. There are many different types of landing pages and uses, you’ll learn how to create each to obtain maximum result.

Module 3 – Campaigns Initiation

This is the most important mechanics of a funnel system: TRAFFIC GENERATION. Saj P will share with you many underground and advanced methods of driving targeted traffic. Although it focuses heavily on pay-per-click traffic, you’ll also learn some advanced techniques to generate organic search traffic. In short, Affiliate Funnel System covers both the paid and free methods of traffic generation.

Module 4 – Rapid SEO + Bonus Funnel Systems

Personally, I love this module. You can forget about the complicated Search Engine Optimization (SEO) techniques you’ve ever learned from any SEO experts. Saj P will reveal the secret of creating ‘craze’ in a marketplace. You can apply this technique in any niche or market you’re involved in.

Module 5 – The Monster In A Box

In my opinion, this is the part where Affiliate Funnel System over deliver and set itself apart from many other money-making course out there. You’ll be handed on a silver platter several fully tested campaigns in some hot niches. It’s like receiving a turnkey business in a box, ready to plug and play! These are the actual profit streams that are responsible in producing multiple income for the author. Now you can get a piece of them.



การแทงบอลชุดเป็นการแทงบอลที่ให้ผลตอบแทนสูงที่สุดอย่างหนึ่งก็ว่าได้ ดังนั้นจึงมีนักพนันเข้ามาเล่นพนันบอลชุดกันมากกว่าการพนันบอลแบบอื่น ถึงแม้ว่าการเล่นบอลชุดจะมีผลตอบแทนที่สูงกว่า แต่ความเสี่ยงของการเล่นพนันบอลแบบนี้ก็สูงกว่าการลงเดิมพันแบบอื่น เพราะจำนวนคู่บอลที่ต้องลงเดิมพันในบิลจะต้องมากกว่า 2 คู่ขึ้นไป และหากลงเดิมพันผิดเพียงคู่ใดคู่หนึ่งแล้ว บิลนั้นก็คือว่าแพ้พนันไปเลย ดังนั้นวันนี้เราจึงมีอีกหนึ่งเทคนิคที่จะช่วยให้การเล่นบอลชุดมีโอกาสมากขึ้น

เทคนิคที่จะช่วยให้การเล่นบอลชุดมีโอกาสชนะมากขึ้นก็คือการเลือกลงเดิมพันหลายแบบในบิลเดียวนั่นเอง เพราะว่าการลงเดิมพันบอลชุดผู้เล่นสามารถเลือกลงแทงแบบไหนก็ได้ เช่น ต่อ/รอง คู่/คี่ หรือสูง/ต่ำ ไม่จำเป็นต้องลงแทงแบบใดแบบหนึ่งอย่างเดียวกันทุกคู่ ซึ่งการที่ผู้เล่นสามารถเลือกลงเดิมพันได้หลายแบบในบิลเดียวนับว่าเป็นเรื่องที่ดีสำหรับนักพนัน เพราะว่าคู่บอลแต่ละคู่จะมีลักษณะที่แพ้ชนะต่างกัน UFABET ดังนั้นเมื่อทำการวิเคราะห์แล้ว หากไม่สามารถลงแบบต่อ/รองได้ ก็ให้เลือกลงอย่างอื่นแทน ซึ่งการลงแบบอื่นจะเป็นการช่วยเพิ่มโอกาสในการชนะพนันบอลชุดมากขึ้น โดยเฉพาะการลงเดิมพันแบบคู่/คี่หรือสูง/ต่ำ ที่ได้รับการยอมรับจากนักพนันส่วนมากแล้วว่าเป็นการลงเดิมพันที่มีโอกาสชนะสูงกว่าการลงเดิมพันแบบอื่น

ดังนั้นในการลงบอลชุด ผู้เล่นสามารถที่จะลงเดิมพันได้หลายคู่โดยที่ไม่จำเป็นต้องลงบอลต่อ/รองอีกต่อไปแล้ว ซึ่งการแทงบอลแบบอื่นจะให้เวลาในการวิเคราะห์ที่น้อย เพราะข้อมูลทางสถิติสามารถช่วยให้การทายผลมีความแม่นยำมากกว่าการทายผลตอ/รอง ดังนั้นโอกาสที่จะมีคู่บอลบนบิลบอลชุดมากขึ้นและถูกทุกคู่ย่อมสูงขึ้นตามความแม่นยำของการวิเคราะห์บอลนั่นเอง

เทคนิคนี้เป็นเทคนิคที่จะช่วยให้คู่บอลบมที่อยู่บนบิลมีจำนวนมากขึ้นและแม่นยำมากขึ้น เพราะยิ่งคู่บอลมาก ผลตอบแทนก็สูงขึ้นหลายเท่าเลยทีเดียว และโอกาสที่คู่บอลทุกคู่จะชนะทั้งหมดย่อมเกิดขึ้นได้อยู่แล้ว เนื่องจากทุกคู่ได้รับการวิเคราะห์มาแล้วว่าพนันบอลแบบนี้จะชนะมากกว่าการพนันบอลต่อ/รอง ดังนั้นต่อไปนี้ไม่จำเป็นต้องลงแพ้ชนะอีกต่อไป ให้เลือกแทงแต้มคู่คี่หรือสูงต่ำในบอลชุดดู แล้วคุณจะชนะบอลชุดมากขึ้น

Video Production Business Tip – Marketing Sales Funnel

If you are a student of marketing, you probably know what a “sales funnel” is. If you have no idea what I’m talking about, it’s basically the business system you put in place that illustrates how you will attract new prospects and the path they take once they enter your “funnel” until they become a paying customer at the bottom.

Instead of labeling it as a “sales funnel,” I prefer to call it the “success funnel” mainly because the success of my video production business is determined by the effectiveness of this process.

At the top of the funnel, is clickfunnels legit I have networking, video marketing, social media and emails. These are the tools that I use to get prospects into my funnel so that I can eventually move them down the line to become a paying customer. The reason the funnel is in the shape of an upside down triangle is because you’ll have a lot of prospects who enter your funnel but will never become video production customers.

I won’t use this post to go over the merits of networking, video marketing, social media marketing or email marketing but just know that I believe all four of these tools are vital to bringing prospects into my success funnel.

The next section of the funnel is labeled “Drive Traffic to Website.” I believe that if I can get prospects to visit my website, they will see within a few seconds or minutes why I am qualified to handle their video project. My website does a great job of selling a prospect on my quality, capabilities and credibility so it’s by far my greatest marketing tool. (I’m not saying it’s a perfect website, just that it’s very effective.)

The main marketing goal of the website is to get an interested prospect to do one of three things.

1.) Sign up for my email newsletter so I can stay in touch with them over a long period of time.

2.) Fill out the contact form if they want/need to request a quote for a video production.

3.) Call me directly if they want to request a quote for a video production.

I get a handful of inquiries each week through my website so I know it’s doing its job. In order to get more inquiries, I’d need to be more aggressive in the first section of the funnel by networking more, posting more videos online, interacting via social media more often and by building a larger email list that I can stay in touch with on a regular basis.

The next stage in the success funnel is labeled “Prospect Requests Quote.”

If the first stage is getting leads into my funnel and the second stage is working to get prospects to look at my website, there should be plenty of people emailing or calling to request a quote. If there aren’t a lot of requests at any point in time, I need to analyze where the problem is higher up in the funnel.

Do I need more leads or do I need to tweak something on my website so that more of my leads will request a quote

Once a prospect has requested a quote, this is where you can make or break the deal based on how you write the proposal.

Writing a solid proposal will increase the number of deals you close but no matter how good they are, you’ll be lucky if you win more than 50% of the deals you quote.

Know About Android APK

Everyone these days owns a smart phone, which either has windows, Mac or Android OS. Android is most popular among all. Being an open source platform, it can be installed by any phone manufacturer, that makes the manufacturing cost of these phones much lesser than the phones having their own OS or any that is paid.

What are Android Applications and their APKs?

Applications that are developed for Android platform are Android application. Each application when developed carries many different files and folders within it, that defines its functionalities and Lucky patcher apk resources, and in order to run that app in mobile, one need to create an archive that contains all the necessities. This archive file is known as Android Application APK, i.e. Android package kit.

What does an APK consist of?

APK is a full package containing all the necessary data and files that is must to run an app on a Mobile Phone. It consist of

· Source code used to define App’s functionalities, in general terms referred as classes.dex.

· Manifest file, i.e. the file that specifies the

1. Permissions that application needs.

2. Its flow

3. Package

4. Version codes

5. Signatures.

6. Certificates.

7. SHA-1 Digest.

· Libs, is a directory containing compiled code or jar files, used as library for applications.

· Assets, it is a directory that has arbitrary files like fonts, audio, texts etc. in it.

· Resources like XML files that define the layout of different pages of the application.

· It also contains META-INF directory and res directory.

When an app is developed, after its testing, an export APK is generated where the developer signs the app with a secret key to prove his authority over the app. Now, this Signed APK is uploaded to Google play store for its availability for Users.

When a person is downloading an application from any source such as Play Store, he is actually downloading and installing the APK of that application on his phone. Other than Google Play Store, one more place where you can find Android applications absolutely free and without even having an account on Google is APK MIRROR.


Team Premier League

Perhaps the best club in English football is in the doldrums on account of issues not identified with the field of play. Liverpool FC need to deal with their administration issues so the players can focus on doing what it should do – play football.

The club has obligations, including charges, payable to Royal Bank of Scotland by October 15, bombing which an extra punishment would be expected.

RBS have taken the issue to High Court, in an offer to determine a power battle inside the club, and keep the club from evacuating the executive and another board part who have endorsed an idea to purchase the club by New England Sporting Ventures (NESV), proprietors of Boston Red Sox, an American baseball crew.

To add to the off-field wrangles at Anfield, a Singapore extremely rich person, Peter Lim has offered to purchase the club and made an offer that is said to contend with that of NESV’s. Mr Lim is accounted for to have team building singapore offered an extra add up to the ambushed club to assist it with buying players. The NESV offer, acknowledged a week ago by club executive Martin Broughton, has been contested by Liverpool’s present American proprietors George Gillett and Tom Hicks.

Gillett and Hicks have battled by means of their legal counselor that they are making an effort not to anticipate the club’s deal however are keen on seeing preferred ideas over NESV”s. As per an announcement by the legal advisor made for the benefit of the proprietors, an American fence investments had likewise made a focused offered, offering an extra add up to assemble an arena.

Unexpectedly, the support stock investments, renegotiated the credit taken by Gillett in 2007 to purchase the club, and controls half of Gillett’s shareholding in Kop Holdings the organization that possesses Liverpool FC.

Mr Lim had likewise offered to purchase the club in 2007, when Gillett and Hicks’ offered was supported over his. Mr Lim claims a few bars, with a Manchester United subject, in Asia, a demonstration of the Premier League’s notoriety in Asia.

Mr Lim is accounted for to plan to auction the bars, if his offer to possess Liverpool were effective., and utilize the returns to clear off the club’s obligations to RBS, while giving extra cash to put resources into new players in the January move window.

After the finish of eight matches, Liverpool are grieving in eighteenth spot on the Premier League focuses table, and their fans would invite interest in new players who could resuscitate the squad.

Free Worship Praise Information, Happy Is The Man That Knows the God of Jacob

We live in the data period. The straightforward information that is so normal to the normal cutting edge man almost surpasses the greatest learning of most old human advancements. The Internet goes about as a wellspring of realities and reports. However we need understanding. The world stays unreliable. Each individual makes progress toward a subtle delight. Each individual places their trust in the pointless hands of other men. Each individual longs for joy in the midst of nonstop disarray.

We long for harmony in our every day live. Musicas Evangelicas We look for a man who can indicate us useful answers. We fault, and we revile, and we deny our own disappointments. However we oppose the basic insight of an antiquated book wherein harmony, joy, and bliss live in having the God of Jacob for our assistance.

In the event that you are worn out and fatigued of the bombed techniques for current pioneers, on the off chance that you are ravenous for an option that is superior to government gifts and corporate burglary, on the off chance that you might want to know harmony in the fog of tempests, thus is the expression of God:

“1 Praise ye the LORD. Commendation the LORD, O my spirit.

2 While I live will I acclaim the LORD: I will sing acclaims unto my God while I have any being.

3 Put not your trust in rulers, nor in the child of man, in whom there is no assistance.

4 His breath goeth forward, he returneth to his earth; in that very day his contemplations die.

5 Happy is he that hath the God of Jacob for his assistance, whose expectation is in the LORD his God:

6 Which made paradise, and earth, the ocean, and all that in that is: which keepeth truth for ever:

7 Which executeth judgment for the mistreated: which giveth nourishment to the hungry. The LORD looseth the detainees:

8 The LORD openeth the eyes of the visually impaired: the LORD raiseth them that are bowed down: the LORD loveth the equitable:

9 The LORD preserveth the outsiders; he relieveth the illegitimate and widow: yet the method for the insidious he turneth topsy turvy.

10 The LORD will rule for ever, even thy God, O Zion, unto all ages.

Casino Reinvestment

Under the new paradigm of declining economic conditions across a broad spectrum of consumer spending, casinos face a unique challenge in addressing how they both maintain profitability while also remaining competitive. These factors are further complicated within the commercial gaming sector with increasing tax rates, and within the Indian gaming sector by self imposed contributions to tribal general funds, and/or per capita distributions, in addition to a growing trend in state imposed fees.

Determining how much to “render unto Caesar,” while reserving the requisite funds to maintain market share, grow market penetration and improve profitability, is a daunting task that must be well planned and executed.

It is within this context and the author’s perspective that includes time and grade hands-on experience in the development and management of these types of investments, that this article relates ways in which to plan and prioritize a casino reinvestment strategy.

Cooked Goose

Although it would seem axiomatic not to cook the goose that lays the golden eggs, it is amazing how little thought is oft times given to its on-going proper care and feeding. With the advent of a new casino, developers/tribal 먹튀검증 councils, investors & financiers are rightfully anxious to reap the rewards and there is a tendency not to allocate a sufficient amount of the profits towards asset maintenance & enhancement. Thereby begging the question of just how much of the profits should be allocated to reinvestment, and towards what goals.

Inasmuch as each project has its own particular set of circumstances, there are no hard and fast rules. For the most part, many of the major commercial casino operators do not distribute net profits as dividends to their stockholders, but rather reinvest them in improvements to their existing venues while also seeking new locations. Some of these programs are also funded through additional debt instruments and/or equity stock offerings. The lowered tax rates on corporate dividends will likely shift the emphasis of these financing methods, while still maintaining the core business prudence of on-going reinvestment.
Profit Allocation

As a group, and prior to the current economic conditions, the publicly held companies had a net profit ratio (earnings before income taxes & depreciation) that averages 25% of income after deduction of the gross revenue taxes and interest payments. On average, almost two thirds of the remaining profits are utilized for reinvestment and asset replacement.

Casino operations in low gross gaming tax rate jurisdictions are more readily able to reinvest in their properties, thereby further enhancing revenues that will eventually benefit the tax base. New Jersey is a good example, as it mandates certain reinvestment allocations, as a revenue stimulant. Other states, such as Illinois and Indiana with higher effective rates, run the risk of reducing reinvestment that may eventually erode the ability of the casinos to grow market demand penetrations, especially as neighboring states become more competitive. Moreover, effective management can generate higher available profit for reinvestment, stemming from both efficient operations and favorable borrowing & equity offerings.

How a casino enterprise decides to allocate its casino profits is a critical element in determining its long-term viability, and should be an integral aspect of the initial development strategy. While short term loan amortization/debt prepayment programs may at first seem desirable so as to quickly come out from under the obligation, they can also sharply reduce the ability to reinvest/expand on a timely basis. This is also true for any profit distribution, whether to investors or in the case of Indian gaming projects, distributions to a tribe’s general fund for infrastructure/per capita payments.

Moreover, many lenders make the mistake of requiring excessive debt service reserves and place restrictions on reinvestment or further leverage which can seriously limit a given project’s ability to maintain its competitiveness and/or meet available opportunities.

Whereas we are not advocating that all profits be plowed-back into the operation, we are encouraging the consideration of an allocation program that takes into account the “real” costs of maintaining the asset and maximizing its impact.