While the Las Vegas Strip is finally building a comeback, other gambling that is regional continue to struggle. (Image: Mandarinoriental.com)
Las Vegas is officially on the up, but that didn’t stop Moody’s Investors Service from downgrading its view of this US casino gaming market from “stable” to “negative” recently. Yes, whilst the Las Vegas Strip is mostly about to see its 5th annual gaming revenue gain since the economic depression of 2008, regional markets elsewhere in America are failing to bounce back from the recession.
Presently 28 states host casinos, with several, such as New Hampshire and Kentucky, considering legalization, and others, notably New York and Massachusetts, going right on through some form of casino legalization or expansion process at present. And yet, in accordance with analysts, it seems that outside of vegas, Americans just aren’t gambling enough.
“The fact gaming that is regional excluding Nevada remained flat, despite further improvement throughout the market and additional local casinos throughout the US, is really a strong indication that US consumers will carry on to limit their investing to items more crucial than video gaming, even whilst the US economy continues to enhance,” Moody’s explained in a report posted earlier this month.
Much has been made for the stagnation of Atlantic City&rsqu (more…)