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US Casino Gambling Revenue Down Over Five Percent In 2009

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In the US, the casino gambling industry has been one of the fastest growing industries over the past several years. That has not led, however, to an increase in revenue. In fact, revenue figures have fallen in 2009.

For 2009, casino gaming revenue dropped in the US by 5.5%. The total revenue of $30.7 billion was down from 2008, although the drop was not unexpected. The economic recession has severely hurt the casino gaming industry.

Las Vegas and Atlantic City have long been thought to be immune from any economic troubles in the US, but this latest recession has placed both cities in a serious financial hole. The two US cities are considered to be the casino gaming capitals of the countries, but both have had a hard time dealing with a decrease in visitors.

Nevada gaming revenue was down 10.4% in 2009. Many gamblers had to cut back on their extra spending, while others are now able to gamble in their home states. The expansion of casinos around the country has been a burden on Las Vegas.

Atlantic City has also seen revenue drop due to competition. Pennsylvania casinos surpassed AC casinos in slot revenue for the first time ever in December. Overall, New jersey gaming revenue was down 13.3% for last year.

The news may soon be getting worse for AC casinos. Earlier this year, Pennsylvania lawmakers legalized table games. Now the casinos are fully equipped to go after what is left of the customer base in New Jersey.

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