Casino Revenue Follows Economy Trends, Declines In St. Louis

Casinos in the United States are experiencing something that has never been seen before, the economy is having an effect on an industry that was once immune to failure, but is now hurting just like every other business.

In the United States, casino gambling is growing at a pace that has never been seen before in the country. Almost every state that has allowed casino gambling is expanding, and the ones that have not are allowing it for the first time.

No matter what the rate of expansion is for casino gambling in the United States, one thing is certain, the economy is reeking havoc on revenues for casinos throughout the country. Never before has casino gambling been as much at risk to the problems of the economy in the United States.

In St. Louis, all but one casino saw a drop in revenue from the June they had last year compared with June revenue numbers from this year. The St. Louis area has six casinos, so a drop in revenue at five of them is not a good sign.

They are not the only area in which casinos are taking a beating thanks to the economy. Las Vegas, which used to be the gambling capital of the world, is also experiencing record drops in revenue with each passing month.

The Las Vegas casinos should get a boost in July thanks to the World Series of Poker. The Main Event drew 6,000 player into the city, and by the end of this week only a handful will be left.

That leaves thousands of restless players with nothing to do but gamble while they finish their vacations. That is an advantage casinos in other states do not currently enjoy. In St. Louis, revenue from the areas casinos was down three percent from last year in June.

July 11, 2008
Posted By Terry Goodwin
Staff Editor, CasinoGamblingWeb.com
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