Gas Prices Taking Toll On Casinos In United States

The United States has seen a boom in the casino gambling industry over the past several years. Many states have changed their laws and are now allowing casino gambling to help out with high budget deficits.

Even with all of the expansion that is taking place, there still is trouble at many existing casinos. Gas prices have soared, leaving revenue at many casinos down.

In Indiana, casino riverboat gambling revenue is down for the first time in over a decade. The reason is two fold. The economy is keeping people away, and so is the $4 a gallon gas prices.

"I used to go every week, but those days are over. It's so expensive," said Nancy McIntosh, who used to go to Caesars Indiana.

In addition to the economy and gas prices, casinos around the country have also had to deal with weather that has forced them closed for several days. Caesars was shut down for four days in March due to high water in the Ohio River.

What many industry insiders are finding out is the one thing that that they feared. The casino industry is not immune to economical hard times like what was perceived top be the case. Casinos are now having to come up with innovative ways to attract gamblers, something they have never had to do before.

June 23, 2008
Posted By Terry Goodwin
Staff Editor, CasinoGamblingWeb.com
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