While the Las Vegas Strip is finally making a comeback, other gambling that is regional continue to struggle. (Image: Mandarinoriental.com)
Las Vegas is formally on the up, but that didn’t stop Moody’s Investors Service from downgrading its view associated with US casino gaming market from “stable” to “negative” recently. Yes, while the Las Vegas Strip is mostly about to experience its fifth gaming that is annual gain since the economic depression of 2008, regional markets elsewhere in America are failing to bounce right back from the recession.
Currently 28 states host casinos, with several, such as New Hampshire and Kentucky, considering legalization, as well as others, notably New York and Massachusetts, going through some type of casino legalization or expansion process at present. And yet, in accordance with analysts, it seems that outside of Las Vegas, Americans just aren’t gambling enough.
“The fact regional gaming revenues excluding Nevada remained flat, despite further improvement throughout the economy and extra regional gambling enterprises throughout the US, is a strong indication that US consumers will carry on to limit their investing to things more essential than video gaming, even as the US economy continues to enhance,” Moody’s explained in a report published previously this thirty days.
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