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Gamblers Heading Back To Las Vegas After Long Three Year Hiatus

It has been over three years since Las Vegas casino resorts have been operating at full capacity. The economic recession drove tens of thousands of regular customers away from the Las Vegas casinos, and up until October, the gamblers had continued to stay away.

In October, figures show that gamblers began coming back to Sin City. Las Vegas saw an increase of just under three percent in the amount if visitors it had from the same period the previous month. It was the twentieth straight month that tourism numbers have climbed, but one of the first months in which the gaming revenue rose as well.

In 2008, the economic recession ravaged the US gaming industry. Las Vegas and Atlantic City were hit the worst, both losing hundreds of millions of dollars. At the time, analysts had asserted that the casino industry was above fallout from the countries economic troubles, but the 2008 recession proved that not to be true.

Gamblers have had multiple reasons to stay away from Las Vegas in recent years. The economics played a part in the declined casino attendance, but it may have been gambling expansion in other states that kept the gamblers out of Las Vegas. The recession led lawmakers in dozens of states to add casinos in an attempt to help bring increased revenue to ailing state budgets.

The result of that expansion was gamblers now having casinos in their own backyards, no longer having to travel to the Northeast or out West to gamble. With the economy slowly improving, travelers are now turning back to Las Vegas, not so much for the gambling, but for a vacation.

The casinos have always been a big draw in Nevada, but the nightl;ife and entertainment options are other reasons why gamblers are again choosing Sin City. The first ten months of 2011 have brought a 4.5% increase in visitors to Las Vegas.That figure is expected to continue to rise over the next year, with a full economic recovery possible by the end of 2012.

Atlantic City casinos have not been as fortunate when it comes to enticing travelers to New Jersey. AC casinos are still experiencing declining revenue, leading Governor Chris Christie to adopt some new laws aimed at helping revive the gaming industry.

Earlier this year, Christie vetoed what would have been the most successful option, which was regulating online gambling in New Jersey. State Senator Raymond Lesniak has revived the online gambling bill in recent months, and voters approved a sports betting measure for the state just last month. Lawmakers will now begin crafting legislation that would allow race tracks and AC casinos to offer sports betting.

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