Las Vegas Bounces Right Back, But US Markets Flounder Elsewhere

While the nevada Strip is finally making 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 the US casino video gaming market from “stable” to “negative” recently. Yes, while the Las Vegas Strip is all about to have its 5th gaming that is annual gain since the economic downturn of 2008, regional markets elsewhere in America are failing to bounce right back from the recession.

Currently 28 states host casinos, with a few, such as New Hampshire and Kentucky, considering legalization, as well as others, notably New York and Massachusetts, going right through some kind of casino legalization or expansion process at present. And yet, according to analysts, it appears that outside of Las 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 regional casinos throughout the US, is really a strong indication that US customers will continue to limit their investing to things more essential than video gaming, even because the US economy continues to enhance,” Moody’s explained in a report posted earlier in the day this month.

Depressing Story

Much has been made of this stagnatio (more…)

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