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Brand Management

Gaming products are basically the same everywhere. The environment where they reside is either more or less desirable than their competitors, and a function of capital investment. Value is another key component of every casino brand.The two most important components of a casino brand are style and performance.

At the heart of every branding formula lies a specific theme which should also make a promise to your target customers. By making that promise you create an expectation. So it should be of no surprise to you that the customers who respond simply want that expectation fulfilled - every time. Fulfilling it cements customer loyalty to your brand. But fulfilling it is difficult as it requires a precise combination of style and performance – therefore, performance expectations should be defined, taught and become part of the standard operating procedures for every employee and first introduced during the employee orientation process.

When your brand is consistently performed and promises fulfilled, customer loyalty manifests itself through an emotional connection that is personified by your staff on every visit. Performance is the most difficult component to compete with. When competitors lose market share because of their comparatively poor performance, they often don’t acknowledge it because it means they as managers may be doing a poor job of meeting the expectations they created. All too often, a popular remedy for their own poor performance is to spend more promotional dollars to get customers back which as most of us know, is a very bad thing. It ultimately erodes the profit margins of the entire market as everyone moves to match the lower price point set by the poor performers to protect their market share.

A little foresight can help you define desired style and performance objectives that make up your brand. Hindsight will tell you how successful you were and what group you ultimately attracted because the ones you want aren’t always the ones that come back. If you can handle the reality, ask your customers to define your brand. Your brand is what 20% of your total customer base says it is. If you don’t like who they are or what you hear, you are faced with a huge opportunity.

Buro Gaming, LLC can easily identify opportunities in branding and performance. We start by establishing a profile of the customers who reside in your better performing segments. Those profiles can be analyzed and a model developed that best represents the basis for their affinity to your property and potential growth for that segment. We can forecast growth for those segments by determining how many more of those customers are in the collective market. Revised brand messages and brand specs are developed that are specifically targeted for that group along with revised performance standards for your staff.


We can develop a model that serves as the foundation for an aggressive marketing initiative which highlights tactics to reach new customers and woo them away from the competition. There are a multitude of strategies and tactics in branding. Let Buro Gaming, LLC help you analyze those opportunities and refine a strategy that ultimately translates into increased market share and more bottom line dollars.

 



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