While the Las Vegas Strip is finally creating a comeback, other regional gambling areas continue to struggle. (Image: Mandarinoriental.com)
Las Vegas is officially on the up, but that didn’t stop Moody’s Investors Service from downgrading its view of the US casino gaming market from “stable” to “negative” recently. Yes, whilst the Las Vegas Strip is mostly about to see its 5th yearly gaming revenue gain since the economic depression of 2008, regional markets elsewhere in America are failing to bounce right back from the recession.
Presently 28 states host casinos, with a few, such as New Hampshire and Kentucky, considering legalization, as well as others, notably New York and Massachusetts, going right through some form of casino legalization or expansion process at present. And yet, in accordance with analysts, it seems that outside of vegas, Americans just aren’t gambling enough.
“The fact gaming that is regional excluding Nevada remained flat, despite further improvement throughout the market and extra regional casinos throughout the US, is just a strong indication that US customers will carry on to limit their investing to things more essential than gaming, even while the US economy continues to enhance,” Moody’s explained in a report published early in the day this month.
Much has been made associated with the stagnation of Continue reading “Las Vegas Bounces Back, But US Areas Flounder Elsewhere”