{"id":42203,"date":"2020-07-03T09:17:03","date_gmt":"2020-07-03T09:17:03","guid":{"rendered":"https:\/\/gaming-awards.com\/NEWS\/?p=42203"},"modified":"2020-07-03T09:17:03","modified_gmt":"2020-07-03T09:17:03","slug":"eight-reasons-why-your-slot-operation-is-going-to-fail","status":"publish","type":"post","link":"https:\/\/gaming-awards.com\/NEWS\/eight-reasons-why-your-slot-operation-is-going-to-fail\/","title":{"rendered":"Eight Reasons Why Your Slot Operation Is Going To Fail"},"content":{"rendered":"<p style=\"text-align: center;\">Understanding the key reasons why your slot operation might fail is the first step toward taking proactive action and achieving the kind of success that you always knew was possible.<\/p>\n<p style=\"text-align: center;\">By Andy Cosgrove<\/p>\n<div style=\"text-align: left;\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-medium wp-image-42204\" src=\"https:\/\/gaming-awards.com\/NEWS\/wp-content\/uploads\/2020\/06\/chart-300x200.jpg\" alt=\"\" width=\"300\" height=\"200\" srcset=\"https:\/\/gaming-awards.com\/NEWS\/wp-content\/uploads\/2020\/06\/chart-300x200.jpg 300w, https:\/\/gaming-awards.com\/NEWS\/wp-content\/uploads\/2020\/06\/chart-768x512.jpg 768w, https:\/\/gaming-awards.com\/NEWS\/wp-content\/uploads\/2020\/06\/chart-1024x683.jpg 1024w, https:\/\/gaming-awards.com\/NEWS\/wp-content\/uploads\/2020\/06\/chart-220x146.jpg 220w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/>The bad news is that your competitors are hard at work, and even as I type they\u2019re concocting ways to add more clarity to their brand message, to solve all your customers problems and to add more \u201cwow factor\u201d to their slots experience. Their aim is to, quite simply, transform your slots customers into their raving fans so what are you doing to make sure that never happens?<\/div>\n<div style=\"text-align: left;\"><\/div>\n<div style=\"text-align: left;\">With all the pressures of running a day-to day operation it can be easy to lose focus on your top priorities which are understanding your customers and adding the value they need, when they need it and even before they realize they need it! The good news is that you can deploy tactics that will keep the wolves (your competition) from the door and outpace them on a consistent basis. However, there is a catch, and they call it \u201clearning from the past!\u201d<\/div>\n<div style=\"text-align: left;\"><\/div>\n<div style=\"text-align: left;\">I\u2019ve seen to many operators fail to learn from past lessons on how not to run a casino, a slot operation or even a car, and the end result is usually not something you would want to brag about at your next gambling convention. There are many reasons that so called \u201cmanagers\u201d don\u2019t make the effort to learn from past disasters such as, ego, lack of basic project management skills, or even because that they would rather be out playing golf. However, the reality is that without reflecting on the past, there is a greater risk of failure. Some say that avoiding failure is the most essential job function of any manager and learning from past catastrophes is equally as important because it is how we grow stronger, more successful and become industry leaders. Below are 8 reasons on how your slot operation will fail, what to do about it, and how the past can give you something worth bragging about as you pick up the manager of the year award.<\/div>\n<div style=\"text-align: left;\"><\/div>\n<div style=\"text-align: left;\"><strong>1. Leadership Breakdown<\/strong> \u2013 This maybe a hard one to swallow, but the top brass can also fail to effectively communicate and clarify the message of their brand and their strategy for success. This can happen for a number of reasons, such as simply being too busy or when confidence becomes ego, determination becomes inflexibility and delegation become chaos. Add the extra slots killer of when vision becomes obsession, and you know your leadership is about to implode. How to fix it? You can start by clarifying your vision (and make sure it\u2019s a shared one),banishing micromanagement, keeping your ego in check and last, but not least, trusting your employees to do their jobs. Without strong leadership, there can be no strong argument to support your soon to be failed slots operation.<\/div>\n<div style=\"text-align: left;\"><\/div>\n<div style=\"text-align: left;\"><strong>2. Micromanagement<\/strong> \u2013 I\u2019m sure you have heard the phrase, \u201cpeople don\u2019t leave their job\u2019s, they leave their bosses.\u201d I couldn\u2019t agree more with this phrase, and the micromanager is one of the greatest threats to progress. The relationship between a boss and an employee is quite a simple one whereas a boss hires an employee to do a job, the boss clarifies expectations, lets the employee do their job, holds them accountable for results and celebrates success as a team. What\u2019s not to understand? How to fix it? Trust your employees, and give them the opportunities, the tools, and guidance they need to maximize their potential. When you build a relationship based on trust, transparency and professionalism, anything is possible and who knows, your best employees might even want to stick around.<img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-41605\" src=\"https:\/\/gaming-awards.com\/NEWS\/wp-content\/uploads\/2020\/05\/Slot-Machines-Copy-300x200.jpg\" alt=\"\" width=\"300\" height=\"200\" srcset=\"https:\/\/gaming-awards.com\/NEWS\/wp-content\/uploads\/2020\/05\/Slot-Machines-Copy-300x200.jpg 300w, https:\/\/gaming-awards.com\/NEWS\/wp-content\/uploads\/2020\/05\/Slot-Machines-Copy-768x513.jpg 768w, https:\/\/gaming-awards.com\/NEWS\/wp-content\/uploads\/2020\/05\/Slot-Machines-Copy-220x146.jpg 220w, https:\/\/gaming-awards.com\/NEWS\/wp-content\/uploads\/2020\/05\/Slot-Machines-Copy.jpg 960w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/div>\n<div style=\"text-align: left;\">\n<strong>3. Out of touch with your customers<\/strong> \u2013 If you\u2019re selling lemons when your customers need oranges then you\u2019re not solving their problem and you\u2019re not adding anything of value that will help them thrive and survive so the odds are that they will go and shop at your competitor who has already anticipated your lack of oranges. The operator that fails to feel the pulse of their customers needs and engage them in meaningful conversation will end up investing in nothing of value which in turn, will produce failure. How to fix it? Ongoing customer service training and evaluation, customer and employee feedback surveys, online social media platforms, mystery shoppers, daily reports, and staff briefings are just a few of the channels available to proactively show that you care for you customers as if they were your family.<\/div>\n<div style=\"text-align: left;\"><\/div>\n<div style=\"text-align: left;\"><strong>4. Disengaged staff<\/strong> \u2013 Treating your staff like robots and, in some cases, ignoring them completely will never, I repeat never achieve you the success that you are looking for and this is a fact that has been proven in many a scientific experiment and on many a casino floor, Yet so many people in a position of casino power continue to use their staff like pawns on a chess board. How to fix it? Your staff need motivation, they need to feel safe and they need to feel that what they are doing is important and for a cause bigger than themselves. Investing in your staff, showing appreciation, and helping them become even better than they imagined will help you create a culture of ideas and the leaders of tomorrow. A simple \u201cgood morning\u201d will also help.<\/div>\n<div style=\"text-align: left;\"><\/div>\n<div style=\"text-align: left;\"><strong>5. Confusing brand message<\/strong> \u2013 Without a clear brand message that adds value to your customer experience and solves their problems your customers, and your staff will be confused as to what it is you are trying to sell and will inevitably encourage them to shop at your competitors resulting in the collapse of your slot operation. How to fix it? Clarify your brand message, communicate your message effectively so that it adds the value that your customers are searching for and transforms your staff into passionate brand ambassadors that live, breath and dream about delivering and exceeding your customers\u2019 expectations.<\/div>\n<div style=\"text-align: left;\">\n<strong>6. Absence of Innovation<\/strong> \u2013 Not so long ago I walked into a local casino and I immediately got the impression that I was in a struggling Las Vegas gambling joint about 30 years ago. Everything from the carpet to the slots through to the customer service and the employees look tired and out of touch. This is just one of many examples of how lack of innovation can condemn your slots to failure. How to fix it? Keep up with industry trends, implement a feedback system for your staff and customers, keep an eye on the competition and introduce innovation as part of your work culture, reward its success and learn from its failures.<\/div>\n<div style=\"text-align: left;\">\n<strong><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-medium wp-image-41606\" src=\"https:\/\/gaming-awards.com\/NEWS\/wp-content\/uploads\/2020\/05\/Slot-Machines2-Copy-300x225.jpg\" alt=\"\" width=\"300\" height=\"225\" srcset=\"https:\/\/gaming-awards.com\/NEWS\/wp-content\/uploads\/2020\/05\/Slot-Machines2-Copy-300x225.jpg 300w, https:\/\/gaming-awards.com\/NEWS\/wp-content\/uploads\/2020\/05\/Slot-Machines2-Copy-768x576.jpg 768w, https:\/\/gaming-awards.com\/NEWS\/wp-content\/uploads\/2020\/05\/Slot-Machines2-Copy.jpg 960w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/>7. Procrastination<\/strong> \u2013 How many times have you had a good idea that ended up on the shelf of procrastination along with the lost books of success? I hope not very many, but the truth is that procrastination and the fear of failure can have a crippling effect on your slots ability to generate revenues andcan possibly result in their (and your) ultimate failure. How to fix this? Stay away from the demons of procrastination which include: the perfectionist, the idiot, the dumb listener, and the excuse maker. Use analytics to produce more accurate reports that enable faster and better-informed decision making.<\/div>\n<div style=\"text-align: left;\"><\/div>\n<div style=\"text-align: left;\"><strong>8. Lack of Planning and processes<\/strong>\u2013Before the age of computers everything was done by hand but even back then they were planned, designed, developed, tested, approved, and measured using some of the methodology that we still use today. Bad planning and no follow up will end in slots failure whether you\u2019re building a casino from the foundations or planning your next game conversion. How to fix it? Project management is just one of many skills that will help plan and control everything from the concept phase of your next big idea, through to the benefits measurements process post project so investing in the relevant qualifications for key employees will benefit your organization, your employees and your customers\u2026 but not the competition!<\/div>\n<div style=\"text-align: left;\">\n<strong>Conclusion<\/strong> \u2013 Failure is easy to come by if you stand still in time, throw money away at projects that could never realistically produce a benefit, ignore your staff and look down on your customers. Your competition doesn\u2019t intend to be involuntarily vanished into the realms of the casino almost remembered, but now completely forgotten, and are working hard at change by embracing it and could, at any moment, overtake you on the final bend. With that in mind, I wish you nothing but success.<\/div>\n<div style=\"text-align: left;\">\nMY MINI-BLOG &#8211; Andrew Cosgrove is a seasoned slot operations veteran and certified project manager with over 24 years of hands on experience in Latin America and the Caribbean. Andrew has worked on both the operator and supplier side of casino slots and continues to help clients succeed and exceed customer expectations.\u00a0 Andrew can be reached at: andy.cosgrove@hemingwaycasinoconsulting.com Or go to: http:\/\/hemingwaycasinoconsulting.com\/&nbsp;<\/p>\n<\/div>\n<div><\/div>\n<div><\/div>\n<div><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Understanding the key reasons why your slot operation might fail is the first step toward taking proactive action and achieving the kind of success that you always knew was possible. By Andy Cosgrove The bad news is that your competitors are hard at work, and even as I type they\u2019re concocting ways to add more [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":41605,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[132],"tags":[],"class_list":["post-42203","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-sportsbetting"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Eight Reasons Why Your Slot Operation Is Going To Fail - iGaming Post<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/gaming-awards.com\/NEWS\/eight-reasons-why-your-slot-operation-is-going-to-fail\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Eight Reasons Why Your Slot Operation Is Going To Fail - iGaming Post\" \/>\n<meta property=\"og:description\" content=\"Understanding the key reasons why your slot operation might fail is the first step toward taking proactive action and achieving the kind of success that you always knew was possible. 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