Expanded Casino Gambling Up, But Economy Could Hurt Business

Casino gambling expansion is something that is at an all time high around the United States. Many states have already started their expansion efforts. Others have Bills in the works that would do the same.

The timing, however, is not good for this expansion to be taking place. The economy is headed straight for a recession. That means that extra entertainment money that could be used for gambling, will not be flowing freely out of people's pockets.

Some casinos around the nation have already stared feeling the effects of the economy. Numbers are down from last year at some casinos, while others that have been watching their revenue increase, are now in a holding pattern.

"There's no doubt that at the lower end of our business, we've seen some softening in occupancy, some reduction in spend. That's clearly the result of the economy," said Jim Murren, President of the MGM Mirage, in an interview with Reuters.

Hotels that have casinos are used to having big conventions to fill up their rooms. Those conventions also bring gamblers to the gaming tables and the slot machines. With fewer conventions taking place due to the economy, it will directly affect casinos.

While nobody will feel sorrow for these casinos that have made billions of dollars from gamblers, it will be interesting to see just how much the economy hurts the industry.

February 11, 2008
Posted By Tom Jones
Staff Editor, CasinoGamblingWeb.com
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