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Casino Reinvestment and Expansion

The Proper Care & Feeding of the Golden Goose

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 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. 먹튀검증

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.

Establishing Priorities

There are three essential areas of capital allocation that should be considered, as shown below and in order of priority.

1. Maintenance and Replacement
2. Cost Savings
3. Revenue Enhancement/Growth

The first two priorities are easy enough to appreciate, in that they have a direct affect on maintaining market positioning and improving profitability, whereas, the third is somewhat problematical in that it has more of an indirect affect that requires an understanding of the market dynamics and greater investment risk. All aspects that are herewith further discussed.

Maintenance & Replacement

Maintenance & Replacement provisions should be a regular function of the casino’s annual budget, which represents a fixed reserve based on the projected replacement costs of furniture, fixture, equipment, building, systems and landscaping. Too often however we see annual wish lists that bear no relationship to the actual wear & tear of these items. It is therefore important to actually schedule the replacement cycle, allocating funds that do not necessarily have to actually be incurred in the year of accrual. During a start-up period it may not seem necessary to spend any money on replacement of brand new assets, however by accruing amounts to be reserved for their eventual recycling will avoid having to scurry for the funds when they are most needed.

One area of special consideration is slot machines, whose replacement cycle has been shortening of late, as newer games & technologies are developing at a much higher rate, and as the competition dictates.

Cost Savings

Investment in cost savings programs & systems are, by their very nature and if adequately researched a less risky use of profit allocation funding then almost any other investment. These items can often take the form of new energy saving systems, labor saving products, more efficient purchasing intermediation, and interest reductions.

These items have their caveats, one of which is to thoroughly analyze their touted savings against your own particular application, as often times the product claims are exaggerated. Lease buy-outs and long term debt prepayments can sometimes be advantageous, especially when the obligations were entered into during the development stage when equity funds may have been limited. In these cases it is important to look at this strategy’s net effect on the bottom line, in comparison with alternative uses of the monies for revenue enhancing/growth investments.

One recent trend is the growing popularity of cash-less slot systems, which not only provide labor savings for fills, counts and hand-pays, but also serve as an aid to patrons who do not like to lug around those cumbersome coin buckets, while also encouraging multiple game usage.
Revenue Enhancing & Growth

Leveraging is the key catalyst of any revenue enhancing/growth related investment. It includes the following:

o Patronage Base
o Available Funds
o Lands
o Marketing Clout
o Management Experience

The principal is to leverage the use of the available asset towards achieving higher revenues & profitability. Typical examples include increasing average patronage base spending and widening the effective trading radius, by offering additional products/services, such as retail stores, entertainment alternatives, recreational/leisure amenities, overnight accommodations, more restaurant choices, and of course, expanded gaming.

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Interest of Online Casino Games

Numerous standard gambling businesses put together for the sidelines as the particular Internet nurtured and faltered to get benefit for the fresh tools for their particular industrial sectors. The idea wasn’t anticipating mil novecentos e noventa e seis that a corporation named Inter Casino transferred on the earliest casino game. After the primary on the internet gambling web site had released, several businesses started rushing to net connection in in the deed.
Among the base casino games on the internet
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Converted into attractiveness is of which competitor can take part by all over? You don’t demand travelling to a new online casino game location within order to participate online casino video games. The increasing celebrity associated with poker as well included in the status of on-line gaming sites, since it was initially very simple for individuals to play on these casino games on the web they developed rapidly. Individuals appreciate gambling and on line casino games online authorized these people the simple means to be able to execute it. Casino games on the net will give thus much pleasure that it may turn out to be almost impossible to leave it. Not just that internet casino games on the web is one of the most clearable games in the earth.
Hundreds of first-class online game to decide from today in order to discover the accurate site to suit your needs could turn up like an amazing mission. However, lessening throughout the attributes you are searching to get will assist an individual find the ideal casino video games online fit for your current wish. Ahead of seeking for éloge, it truly is because well significant to recognize which in turn sites are legitimate plus lawful and which usually sites are not. It is hard to state accurately what creates the remarkable online game since diverse individuals have assorted primary concerns in sights about what an online activity casino should present.
Internet casino online guide is segregated into various segments to be able to formulate this simpler intended for you to hastily and easily locate the sites that will you really intrigued. Whether or not you are some sort of casino novice or a good internet casino expert, it is specific that you’ll find out that casino channel a good important source. There are websites on the internet as well that offers casino gaming volume of which contains gambling establishment seats to keep you cash after you visit them.
Unlawful Online Gambling Enforcement Act
At the time that Unlawful World wide web Poker Enforcement Act turned directly into a authenticity in year 2006, it developed in to significantly more strict regarding USA casinos on the internet to admit performers. However, that is a delusion that will on the web gaming internet casinos include transform into prohibited in UNITED STATES. Or even from US anyone can also carry out throughout USA casinos. That is going to be a dream are available true if you may have fun with in NORTH AMERICA gambling dens.
NORTH AMERICA casinos are often the residence of site avid gamers and there are many gambling dens online where a person are capable to locate a few high group casinos exactly where US players happen to be authorized to participate. This accurate lawful condition regarding to help USA casinos on the internet is different from every express yet despite of your residing state whichever rule pressing casino online games utilized to effect the internet casinos and economical establishments in addition to not the contributors on their own.
Many online sites give a usual information index associated with online casinos which voluntarily admit gamers from typically the NORTH AMERICA. Nevertheless, they may register the entire casinos that will admit American citizens; they basically attribute loved and trustworthy gambling dens. Those people sites may be devoted to provide info for USA casinos bettors to discover casino internet sites that still accept these people.

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Can CBD Oil Benefit You?

Background

CBD (Cannabidiol) oil is derived from hemp. Many people confuse hemp with marijuana, but hemp is a very different plant. Marijuana and hemp may share the same scientific name, Cannabis sativa, but they are not the same.

Marijuana is cultivated primarily for its psychoactive cannabinoid, a chemical compound called tetrahydrocannabinol or THC, for recreational and medicinal use. Marijuana contains both THC and CBD.

Hemp contains only a trace of THC, less than 0.3% compared to marijuana’s hefty 5-35%. The main cannabinoid in hemp is CBD, but there are over 100 other cannabinoids in hemp, as well as compounds that produce tastes and scents called terpenes (e.g. citrusy smell of oranges, unique aroma of pine trees, or sweet flower smell of lavender).

For thousands of years, hemp has been cultivated for food, clothing, fiber, and fuel. It is one of the world’s oldest domesticated crops. In the early days, hemp was a vital crop in the U.S. During the 1700s, colonial farmers grew hemp mainly for its strong fiber.

However, hemp production came to a screeching halt when the Marijuana Tax Act of 1937 was passed. Mainstream attitudes towards cannabis began to sway greatly towards the negative. Hemp became the “evil weed” because it shares the same species as marijuana even though it does not contain marijuana’s abundant THC.

Over the years, many have speculated that the real reason for the anti-cannabis campaign boiled down to the worry that hemp could become a low-cost substitute for paper pulp. American industrialist William Randolph Hearst and the DuPont family had major investments in the timber and newspaper industries. They initiated a smear campaign to destroy the lucrative hemp market for fear that the rise of hemp would undercut their profits. Nevertheless, years later, it became known that hemp does not contain a high enough concentration of cellulose to be an effective paper substitute.

Eighty long years later, hemp finally regained its legal status in the U.S. after the passage of the 2018 Farm Bill. Hemp, defined as cannabis with less than 0.3% THC, is removed from Schedule I controlled substances. Hemp-derived products are legal as long as they come from licensed hemp growers. More and more universities and hospitals have begun to study it. Americans can now use CBD legally. It can be ordered online and shipped to all 50 states.

Marijuana laws are also changing at a rapid pace across America. Even though it is still illegal on the federal level, many states have legalized marijuana. For the remaining states, some have allowed it for medical use and some recreational use.

The Human Endocannabinoid System (ECS)

Cannabinoids made by our own bodies are called endocannabinoids (the prefix “endo” means within). In the 1990s, researchers made an astonishing discovery that the ECS plays a major role in our overall health.

The ECS maintains constant communication with every organ system in the body.

This communication involves messenger molecules called endocannabinoids and cannabinoid receptors on every cell that accepts them. Think of it as a “key and lock” system. The receptors are locks and the endocannabinoids are keys that bind to these receptors and unlock them.

There are two main types of receptors within the ECS – cannabinoid receptor type 1 (CB1) and cannabinoid receptor type 2 (CB2).

Researchers found more than 1,000 receptors in the body. CB1 receptors are located largely on nerve cells in the brain and spinal cord, as well as the eye and retina. CB2 receptors are predominantly found in the immune system and in the organs and tissues, such as brain, spleen, blood cells, gastrointestinal, and urinary tracts.

The body produces two types of endocannabinoids – anandamide and 2-AG. These are transported into the cells through the CB1 and CB2 receptors. As we age, the body becomes less efficient in producing anandamide and 2-AG. The proper functioning of the ECS also depends on the adequacy of omega-3 in the diet.

Many people have experienced the feel good sensation or “high” after strenuous exercise. The lifted mood comes from the release of endorphins. Researchers now know that it is also from an increase in anandamide, which targets mainly the CB1 receptors and, to a lesser extent, the CB2 receptors.

The other endocannabinoid, 2-AG, transmits signals across the brain cells and activates both CB1 and CB2 receptors. 2-AG supports brain health, immune health, as well as insulin sensitivity.

Researchers have now discovered that both endocannabinoids, anandamide and 2-AG, have a considerable impact on a variety of functions including appetite, energy and balance, immunity, memory, metabolism, nervous system, sleep, and stress response.

Evidence For CBD Health Benefits

The Cannabis plant contains over 100 cannabinoids. These compounds closely resemble the human endocannaboids. The main cannabinoid in hemp is CBD, and in marijuana, THC.

Unlike THC, CBD does not bind directly into our cannabinoid receptors. Nevertheless, it does stimulate the activity of both CB1 and CB2 receptors without directly tapping into them. A study by the National Institute of Health found that CBD causes the body to release more endocannabinoids, especially 2-AG. Moreover, CBD inhibits the degradation of anandamide.

Scientists are now beginning to discover many of CBD’s health benefits:

Childhood Eilepsy

CBD has been touted for a wide variety of health interests, but the strongest scientific evidence is for its effectiveness in treating two rare drug-resistant childhood epilepsy conditions, namely Lennox-Gastaut syndrome (LGS) and Dravet syndrome (DS). The FDA has recently approved the first ever CBD-derived drug Epidiolex for these conditions. In numerous studies, CBD was able to reduce the number of seizures, and in some cases it was able to stop them altogether.

Pain Relief

CBD may offer an option for treating different types of chronic pain: fibromyalgia, gout, HIV, multiple sclerosis, neuropathic, and rheumatoid arthritis. Studies found that applying CBD oil directly on the problem area helps to lower pain and inflammation. CBD works by impacting cannabinoid receptor activity in the body, reducing inflammation, and interacting with neurotransmitters.

Researchers also found that subjects did not build up a tolerance to the effects of CBD, so there was no need to increase dosage continually. Unlike some pain medications, CBD is not addictive and does not have any intoxicating effects, offering much relief for people who have chronic pain.

An oral spray called Sativex, which is a combination of CBD and THC, has been approved in a number of countries in Europe and Canada (but not in the U.S.) to treat pain and muscle spasms related to multiple sclerosis.

Another controlled study found that Sativex significantly improved pain during movement, pain at rest, and sleep quality in people with rheumatoid arthritis. cbd capsules canada

Anxiety and Depression

Clinical trials have revealed that both marijuana and CBD may be effective in reducing different forms of anxiety including generalized anxiety disorder, panic disorder, social anxiety disorder, obsessive-compulsive disorder, and post-traumatic stress disorder (PTSD).

Not only did participants in the studies felt better, they also reported reduced cognitive impairment and anxiousness. Scientists suggest that in addition to impacting the endocannabinoid system, CBD may influence receptors involved in the modulation of serotonin, a chemical messenger that plays a role in anxiety regulation.

In addition, some studies showed that CBD eases depression and helps with psychotic disorders like schizophrenia. (Please note that marijuana does not help with either and may actually worsen psychosis.)

Cancer-Related Symptoms

Researchers found that cancer patients treated with CBD and THC, the psychoactive compound from marijuana, experienced significant reduction in pain. In addition, a one-to-one combination of CBD and THC administered via mouth spray reduced side effects associated with cancer treatments like nausea, vomiting, and loss of appetite.

At present, more research needs to be done on whether CBD alone can produce the same beneficial outcomes.

A number of cell culture studies found that cannabinoids can help slow tumor growth, reduce tumor invasion, and induce tumor cell death in various types of cancer, including brain, blood, breast, colon, pancreatic, and prostate.

Scientists believe that CBD probably works by starving cancer cells of energy, making them more sensitive to the body’s immune response, and by blocking a newly discovered cannabinoid-related cancer pathway. However, human trials are needed before further conclusions can be drawn.

Other Potential CBD Benefits

  • Lowers blood pressure (caution if taking blood pressure medication).
  • Lowers LDL (bad) cholesterol and total cholesterol.
  • Lowers uric acid levels and reduces gout symptoms.
  • Helps with insomnia due to relaxing and anxiety-reducing effects.
  • Helps people to quit smoking and is a promising treatment for those with opioid addiction.
  • Mitigates neurodegenerative conditions like Alzheimer’s, Parkinson’s, and ALS (Amyotrophic Lateral Sclerosis). Some research suggests CBD could protect brain cells from damage and oxidative stress. Early results have been broadly positive but more studies are necessary.
  • Reduces likelihood of developing type 1 and type 2 diabetes, especially at the early disease stages (no human trials yet).
  • Lessens inflammation and symptoms of inflammatory bowel disease (no human trials yet).

CBD Side Effects And Safety

CBD is generally well tolerated and rarely produces side effects. However, some people should take additional precautions, including:

  • People with weakened immune system. In cell studies, CBD was associated with decreased activity of T and B immune cells, hence, increasing the likelihood of infections and worsening HIV, tumor growth, metastases, and asthma.
  • People taking medications. CBD may decrease the activity of liver enzymes, called cytochrome P450, responsible for metabolizing more than 60% of prescribed drugs. Check with your doctor to rule out any interactions as CBD may increase or decrease the effects of your medications.
  • Use caution when combining CBD with herbs or botanicals in dietary supplements. There is limited research on such interactions.
  • Use caution when combining CBD with alcohol.

Most people who use CBD do not report any side effects, but some may include a slight decrease in blood pressure, dry mouth, light headedness, drowsiness, gastrointestinal upset, decrease in appetite, and mood changes.

Pregnant, Lactating Women And Children

At present, there is a lack of research regarding the safety of CBD use for pregnant and lactating women as well as children. Please consult with your doctor before use.

Avoid using marijuana while pregnant. Studies show that THC can interrupt the formation of neuronal networks and result in nervous system-related birth defects. Teenagers should not use marijuana either as the THC may have an effect on their developing brains.

Important Considerations When Buying CBD Oil

  • Do not buy from vendors selling on Amazon. It is hard to verify the authenticity and quality of the products.
  • It is best to buy USA grown hemp from licensed farmers. China is now a big exporter of CBD oil and has over 10% of the global market.
  • Only buy CBD products that use the whole hemp plant, not synthetics and not isolates, as the whole plant contains the full spectrum of cannabinoids and terpenes, the active compounds that give plants their taste and smell. Herbalists believe the terpenes in hemp interact synergistically with the cannabinoids to create an “entourage effect” that enhances the healthful effects of each individual component.
  • Only buy organically grown hemp utilizing eco-farming practices and without pesticides and herbicides.
  • Make sure the hemp is processed using CO2 extraction that is gentle, clean, and does not use harsh solvents, ETO (ethylene oxide) or gamma radiation. This method does not require heat and the entire spectrum of cannabinoids are retained in the blend.
  • Only buy CBD products that are all natural and contain no additives, preservatives, emulsifiers, or flavorings.
  • When buying CBD oil, the label should indicate how much CBD is in the bottle (in milligrams or mg) and its concentration (e.g. 1 drop = 2.4 mg of CBD).
  • Only buy from a company that provides third-party lab-verified test results for each batch of CBD it sells. Since CBD oil is not regulated, there is no guarantee the consumer will get what is being advertised by a company. The Certificate of Analysis (COA) verifies that the product actually contains what it claims as well as the concentration of the CBD. It should include an analysis showing the levels of pesticides, herbicides, mold, fungi, mycotoxins, and heavy metals in the product. If the company cannot produce a COA, do not buy its products.

How To Use CBD Oil

First and foremost, there is no addiction with CBD oil. The U.S. federal government puts THC addiction at about 4%. CBD is zero. So there will not be any problems quitting cold turkey.

Additionally, the reason there have never been any deaths linked to cannabis overdose is because our brainstem, which controls our heart and breathing, have hardly any cannabinoid receptors. (The safety of vaping is a separate issue which is still under investigation.)

CBD oil can be taken sublingually, orally or topically. For sublingual use, hold the drops under the tongue for one minute before swallowing. For oral use, add to drinks or a smoothie. For topical use, apply the oil directly to the problem area.

Dosage

Effective dosage varies from person to person and can be different for every ailment or disorder.

For pain, the majority of CBD users use between 10 and 30 mg of CBD per day. Start with 5 mg of CBD on the first day. If you do not notice any positive effects, increase by 5 mg the following day. Repeat this process for several days until you notice positive results.

For psychological disorders like anxiety or depression, start off with an initial dose of 2 mg per day. Increase by 2 mg every day until you notice positive results.

Consistency is the most important part of taking CBD oil. It is good to split the drops between morning and night, taking it roughly at the same time each day. From there, you can adjust the number of drops up or down as you start noticing the impact it has on your body.

Drug Testing

As mandated by U.S. law, full spectrum CBD oil contains less than 0.3% THC. However, depending on the sensitivity of the drug test and the individual, it is possible that one can test positive for THC using full spectrum CBD oil.

Summary

  • CBD is now legal in the U.S. It comes from hemp and does not give you a “high”. It contains less than 0.3% of THC, which is the psychoactive compound in marijuana.
  • CBD is non-addictive and the body does not build up a tolerance to it.
  • Studies showed that CBD is quite safe and there are very few reported adverse effects. However, if you have a weakened immune system or are taking any medications, consult with your doctor before using CBD. Use caution if you drink alcohol or are using herbs or botanicals. Pregnant and lactating women and children should check with their doctors before using CBD.
  • There are now two CBD-derived drugs – one for two rare forms of childhood epilepsy and one for multiple sclerosis.
  • CBD has natural pain relief and anti-inflammatory properties.
  • CBD may help reduce anxiety in people with certain related disorders.
  • CBD, in conjunction with THC, are effective in alleviating cancer and cancer treatment-related symptoms.
  • Hemp tends to suck up all the harmful chemicals from the soil. Therefore, it is pertinent that the CBD oil comes from plants grown using organic and sustainable farming practices.

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10 Best Theme Restaurants in Kenya You Will Cherish Ever After

For all avid food enthusiasts who love to try multiple cuisines, here are ten best theme restaurants in Kenya that deserve special mention.

1. Carnivore Restaurant, Nairobi

Situated on Langata Road, Nairobi, ‘Carnivore’, a unique restaurant owned by Tamarind group deserve a special mention. The entrance to the restaurant gives a ‘rustic’ feel, and the sitting arrangement is spacious. You will view the large oven that is ordered specially from South Africa. The meat of all kinds especially ox, buffalo, ostrich, and crocodile are served here. Sushi Mori You will be served a special welcome drink by Mr. Dawa, which is an appetizer. There is a small flag which indicates full once you put it down. The concept of the restaurant is like ‘serve till you drop.’ The staff will help you with never-ending meat and continue to do so till you say ‘I am full’ by putting the flag down. Uniquely conceptualized by Tamarind Group of Hotels, it’s certainly an attraction for any tourist who visits Kenya.

2. Moorings Floating Restaurant, Mombasa

The only floating restaurant in Kenya is the Moorings. This floating platform was built in 1994 on Tampa Creek on the Northern Coast of Africa. Sip your peg of beer while enjoying nature. The restaurant serves all varieties of sea fish and alcohol. Enjoy the Crimson evenings and mouth-watering barbecued fish. This platform can accommodate maximum up to 100 people. During the spring tide, you may take a walk on the beach near the floating platform.

3. Tamarind Dhow Restaurant

This is a massive ship used as the base of the restaurant. The concept was first implemented in 1972. The Dhow sail every week from morning to evening. The individual Dhow can accommodate around 70 people at dinner. The maximum it can accommodate is 100 people and that also for a cocktail party. Mainly seafood is served over here.

4. Ali Barbour’s Cave Restaurant

This cave is 180,000 years old located near Mombasa, 30 km south of the city and 200 meters back from the high water mark. Just three decades back, George and Jackie Barbour decided to transform the cave into a unique restaurant. There is a triangular Makati umbrella that is fixed to one corner of the restaurant. The floor is elegantly lit and decorated with chandeliers. The restaurant specializes in seafood and all types of Continental food.

5. Ol Covo Bamburi Restaurant

Bamburi is an island situated 12 km from Mombasa. It is a two-storied structure, and the top floor is meant for dining and entertainment venue in Mombasa. The upper deck is with a balcony and sea view. It has large wood burning shed for making traditional pizzas. It serves pasta dishes, new starters, salads, lobsters, prawns, calamari, and octopus. You will only love the tasty meal and fabulously tender meats.

6. Fisherman’s Camp Restaurant

This restaurant is situated near Lake Naivasha. It has a funky vibe and is great with food, music, and fresh air. It is an open restaurant with the wood place; enjoy freshly made pizza sitting under the sky. You may hire a camp to get pampered amidst the soft grass. It is a great place to spend some lazy Sundays.

7. Azura Royal Orchid Restaurant

This restaurant is situated near to Nyali Bridge, Mombasa. Enjoy a panoramic vision of the ripping Indian Ocean while sitting across the restaurant. Enjoy succulent meat cuts, seafood wonders, and barbecued seafood. It is an excellent opportunity to sip your beer and enjoy seafood delights.

8. Haandi, Kisumu

Located in Capital Centre, Nairobi, Haandi is a restaurant of Indian origin. The restaurant is spread over 4000 square feet area. It sports all types of Indian food. You will love the signature naan, kulcha, and chapatti and tandoori roti. Both vegetarian and non-vegetarian option is available. They serve food in brass plate and glass; salt and lime are neatly placed at the side which gives a typical Indian look.

9. Tilapia Beach Restaurant

Located near Otoe Road, Kisumu, this restaurant is the best option to view the Lake Victoria and have various types of fish. You will get fish barbecued, fish grill, fish grill in the sauce along with Ugali and Sukuma. You will love this African variant.

10. Talisman Restaurant

Situated on Ngong Road, Nairobi, Talisman is a boutique restaurant and offers a myriad of experience to the visitors. The New York media described Talisman as one of the finest restaurants in Kenya. Enjoy the beautiful organic garden and enjoy the ambient bar with your friends. The cuisine is a combination of European, Pan Asian, and African delicacies. You may enjoy delectable cuisines like sushi and sashimi platter, braised belly pork and homemade gnocchi.

There are many exciting facts which you can enjoy while in Kenya. Apart from theme restaurants, you must also try the African street side food joints.

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Easy and Effective Restaurant Marketing Ideas

Quick Win 1: Bring ‘Em Back Restaurant Coupons

Give all first time restaurant customers a coupon with a simple offer redeemable on their next visit (perhaps a free aperitif, dessert or after dinner drink). The offer should have no conditions and should be redeemable within the next 6 months. Tell the customer to bring in the restaurant coupon and make sure to ask for information that you can add to your database. Measure the results, modify the offer if needed, and if it brings you more business, make this part of your marketing system.

Quick Win 2: Cut Restaurant Costs

Even though you are busy, it literally pays to take the time to review your restaurant costs every 6 months. An easy way to increase your bottom line is to cut costs. When did you last renegotiate your credit card charges? Are you getting the best deal from your wine merchant? Review your menu and check your profit margins – which are the dishes that give you the best margins? Create a special menu with these dishes to sell more. Eliminate your 3 worst-selling dishes and those with the worst margins. You will be surprised at how this regular housekeeping can affect your bottom line. best sushi in north york

Quick Win 3: Increasing Restaurant Prices

“If your prices are 10% too low you have to do 3x the work to make the same profit. If your prices are 10% too high you can lose 43% of your business and still maintain the same profit.” – Larry Steinmatz

One of the quickest ways to increase your restaurant profits is to raise prices. Just a few dollars on several well-selling items will give you exponential growth immediately. That may sound like a frightening idea, but take a closer look at the psychology of pricing and buying behavior and you will understand why 80% of restaurant businesses undercharge for their services and products.

Except in some particular cases, most people do not make purchasing decisions on price alone. Don’t believe me? Just take a look around at the sunglasses people have on around you. I bet you see a lot of Ray Bans and Dolce Gabbana sunglasses. This just shows that there are other criteria for purchasing behavior than price.

So whatever you do, don’t ever reduce prices, and certainly don’t start a price war. You don’t want that to be your competitive advantage because anyone and everyone can undercut you. On the contrary, seriously consider raising your prices. Don’t let fear of competition or lack of confidence stop you. If you have true differentiation, you have targeted your audience correctly and they see a perceived value in your product that they are willing to pay for, then you can charge premium prices. Actually, they will expect a premium service and will feel privileged, and you may find yourself selling even more.

In most cases you will find that dropping prices to sell more actually loses you money, while raising prices, even if you sell less, raises your margin.

Even if it seems like a difficult thing to do, test different higher price points for various offerings. Tomorrow raise your prices by 10%. You can observe not only how the price rise affects your business (you will either lose business, gain business or stay the same), but you can then look at your profit margins and adjust accordingly.

Many of the restaurant owners that we work with have experienced the following pleasing phenomena: they raised prices and found that not only did they have more customers (the restaurant is perceived as higher quality), but they had a more reliable and less difficult clientele that also spent more money and had higher overall tickets.

Quick Win 4: Celebrate Birthdays at your Restaurant

Birthdays, by their very personal nature, are an ideal time to send out a very personalized offer. Of all occasions, this is the most effective as far as restaurant marketing campaigns go. Make sure to gather birthday and contact information in your exit surveys and start a birthday campaign. Send an email or snail mail with a restaurant coupon for a complimentary dessert, drink or meal at the end of the month preceding the individual’s birthday month. Allow them to use the restaurant coupon for the entire month of their birthday.

You can also propose additional birthday services. Think of ways that would make your customers life easier – supplying the cake at a special price, giving a special group rate, or including party favors.

A special surprise such as a complimentary piece of cake with a candle and the customer’s name and birthday wishes written on it is sure to appeal to the child within any customer. You’d be amazed at the invaluable positive word of mouth a simple gesture like that can create.

You can even use a birthday campaign as a way to recruit new customers by buying lists with birthdays and postal codes and sending out your special birthday offer as a way to introduce your restaurant.

Birthdays are very personal, and as we will learn, business is personal. Don’t pass up this fantastic opportunity to reach out to your customers and make them happy.

Quick Win 5: Referral Restaurant Gift Certificates

Try this activity now for an immediate increase in your restaurant customer numbers. At the end of a meal, give happy customers 3 different gift certificates with a certain amount off for their next meal at the restaurant (or any other offer that you feel is compelling). Then give them 2 more of the dining certificates and ask them to share the certificates with their friends. The offer should be compelling and have no conditions other than a time limit. Give the recipient enough time to redeem the certificate. Perhaps make the certificate good for 6 months, or for specific down times that you are trying to fill.

Use the rules that apply for all offers (stating the value, making the offer traceable, capturing name, email and birthday data on the card that needs to be filled out to redeem, measuring success and refining the offer, etc.).

Written by Amy Foxwell, author of the Win Win Restaurant Marketing System.

We use our experience and hard-won knowledge to help restaurants owners achieve long-term growth, and build the business of their dreams. With a back to basics and affordable, easy – to -implement and effective approach we accompany restaurants as they increase profits, get new customers and get their lives back. Win Win Restaurant Marketing isn’t just a product or service. It’s a community of like-minded and successful restaurant owners that share knowledge and experience. And for those entrepreneurs who haven’t got enough time or energy to do the necessary marketing our services even reach to implementing the marketing for them. We use everything from off the shelf products, to coaching to ‘done for you’ implementation services to help restaurant owners with their marketing and business needs. Restaurant owners and managers can choose from a variety of products and services to grow their restaurant businesses into successful endeavors. Our services show restaurant owners how to sell more to existing clients, get new customers, partner effectively, use referrals, build a database, use the internet, manage staff, improve customer service and satisfaction, earn more margin, and much, much more.

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Blog

Winning The Lottery and What To Do When You Win

There are a lot of people that play the lottery, but not so many individuals that have the ability to win the lotto. Quite a few players have won many times, which demonstrates they’ve got a talent for the Jio Lottery winner 2020 system. Several multiple-lottery winners possess systems for winning.

A lot of people could very well buy a ticket and win some cash, and take the money they won and call it a day. That is not really the best method to use, as consistent lottery winners have learned. In the event you play $1 and win $20, it’s essential to put the entire twenty dollars that you have won back into the lottery to give you a chance at winning a bigger prize. Using this method, if you end up losing, you will have actually only lost that one original dollar that you used to buy that first ticket. This system has given some lucky winners multiple trips to the lottery prize office. Using your winnings to purchase more tickets will help lower your actual realized losses, much like if you buy a stock and it goes down your loss is not realized until you get out of that stock.

For frequent losers, and a lot of us will be at one time or another, it requires much more than dedication to overcome the challenges to succeed in the lottery. Consider the lottery just as if it were your job. Don’t hesitate to apply more hours to understanding lottery game probabilities, to further improve your success. Gambling with an informed method creates an improved chance of winning bigger prizes.

Some say that you should treat the lotto like you should almost any other investment, instead of a game of pure chance. You just aren’t going to just play a ticket here and there and give yourself a good chance to win whenever you play the lottery. You should put cash into a good lottery system to be able to have any realistic chance at being successful with the lottery.

Lots of lottery game winners have spent all of their winnings and ended up bankrupt and without a home. It is important also to know what to do when you win the lotto. If you wager appropriately, and don’t spend most of your winnings, you will not have to bother about having any setbacks to your earnings. You might want to buy a few things, obviously, but don’t spend all of your winnings.

Invest some of your winnings, as well as taking some of it to re-invest into your lottery investments. It is a good idea not to throw away your losing tickets. When you win the lottery, you can use the cost of all of those non-winning lottery tickets to help offset any taxes you may have to pay for the cash that you have gained from your lottery winnings. A few taxes may be taken out once you win, however it is not usually not a sufficient amount, and you do not want to owe the IRS if you have had several large lottery winnings.

Whenever you play the lotto, you should use common sense. Those who play the game more, have certainly increased the likelihood of success. You shouldn’t spend any cash that you need for necessities, though. Your chances aren’t going to be any better if you buy more tickets, nonetheless it does not hurt to buy more lotto tickets as long as that cash is not dedicated to your normal obligations.

To win the largest of the lottery jackpots, it’s a must to better the odds in your favor. If you are a fully dedicated lottery gambler, it is possible to take even more steps to have a better odds with succeeding. You could use computer applications that analyze the most likely winning numbers that you can play. Nevertheless it doesn’t make a difference whose systems you use or precisely what applications you make use of, there surely has not been a guaranteed approach to win the lotto.

Your odds of winning the multiple state lotteries like the Power-ball in the United States is approximately one in One hundred twenty million, so playing only one game a week will never guarantee that you will win anything at all. However life is full of risk, so you shouldn’t let the odds frighten you away. As the saying goes, someone is going to win, and so it may as well be you. Stay positive after you learn how to win the lottery game more consistently as it is only a matter of time for you to hit the big one.

Picking lucky numbers that are relevant to you is a good method to better your chance to win. Have confidence in your self when you purchase your lottery tickets, and employ figures that you’re most likely optimistic about. Another method that many people use that is not good for winning is with playing a common date, because that limits the opportunity you’ll have to win by limiting the numbers you can choose from. You may win using that method, however the days and months are normally used, and you may have to divide the prize with other people who played the same numbers.

Lottery pools provide you an opportunity to win money without having to spend as much. A pool is where a group of people put money in to buy many tickets at once, greatly increasing the chances that you have to win. Plenty of businesses and other groups of people have lotto pools. You will have to share the money with the other pool members in the event you win, but you’re going to get an obviously better probability of winning than if you just play a few tickets on your own.

When the lottery’s top prize is unusually large, far more people purchase tickets, so it will be far more vital that you dedicate a greater amount of cash in that week’s lotto, if your financial situation allows it. Pick the appropriate games to participate in should you wish to improve your chance of succeeding. Research the odds on every one of the lottery games before deciding what one to play. State lotteries, as opposed to multi-state lotteries, typically have a lower amount of entries, since you have to be in that state when you purchase your tickets.

If you see a lotto ticket that somebody else has left behind, pick it up. It truly is well worth the hassle it takes to check its numbers and see if it is a winner. That ticket may also be eligible for a second chance drawing.

Always be sure that you check and recheck your numbers on your tickets whenever you are checking to find out whether or not you lost. How would you feel if you had the winning ticket but did not claim it since you mistakenly thought it was a loser? And if your tickets did not win in that particular drawing, they may still be able to be entered into a 2nd chance drawing.

You should always sign your lotto tickets after you purchase them, even before you find out if it is a winner. The signature can help show that the lottery ticket is yours, just in case it is stolen or lost. Check your tickets yourself to see that you’ve won, instead of handing the lotto ticket to a worker at the lottery ticket store. There is a rising trend of store associates telling customers that their ticket is a loser when it actually is not. They then claim the ticket as their own.

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Bussiness

Why You Should Use Bitcoin

Bitcoin is a serious deal at this moment, however not every person gets why. All the more significantly, not every person gets whether Bitcoin is for them, and how they can get included. Here are probably the most convincing reasons why you should utilize Bitcoin.

Immediate Edge

More secure than banks

The Bitcoin calculation is as near impenetrable as a PC program can get. Probably the best programmers and online security specialists have tried it, thus far nobody can discover any shortcomings. The Bitcoin code has been portrayed as unbelievably composed, the advanced comparable to Shakespeare.

Banking exchanges, in the interim, are under a lower level of security than Bitcoin. From various perspectives, Bitcoin has must be more secure than the banks. All things considered, the banks have been around for quite a long time, and individuals see how it works. Be that as it may, Bitcoin is the new, youthful upstart, and requirements to substantiate itself.

That makes Bitcoin an objective for the individuals who might want to see it fall flat. Be that as it may, Bitcoin’s designer Satoshi Nakamoto remembered this while composing the Bitcoin calculation. Proceed, give it a shot. I don’t think you’ll have the option to break it.

Lower administration expenses than banks

Banking establishments charge high rates per exchange. The framework is set up such that singular exchanges between two individuals are inconceivable; they require a “trusted” outsider to encourage the exchange. Furthermore, normally, the banks find a workable pace administration charge for encouraging these exchanges.

 

You can utilize escrow administrations with Bitcoin which take a help charge, however you don’t need to. Since Bitcoin depends on P2P exchanges, there are no administration charges. Normally, the banks are definitely not a major enthusiast of Bitcoin along these lines.

Okay of swelling

The quantity of Bitcoins being made is set at a foreordained rate. This means there is no chance of any administration printing off more cash to take care of their obligations.

While certifiable monetary standards lose a little percent of their value each year, the cost of Bitcoin is by all accounts getting consistently higher.

Generally safe of breakdown

At the point when your cash is appended to an administration, it relies upon the steadiness of that legislature. You and I both realize governments can fall, and when they do the money they printed can in some cases become useless. Investigate the bills in your wallet. You buckled down for them. Would you be able to envision them one day getting worth not exactly the paper they were imprinted on?

Since Bitcoin isn’t connected to any administration or focal position, it doesn’t rely upon any outside conditions for its worth. Insofar as the web exists, Bitcoin will proceed to exist and be significant.