While the Las Vegas Strip is finally making a comeback, other regional gambling areas 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 of this US casino gaming market from “stable” to “negative” recently. Yes, while the Las Vegas Strip is all about to see its fifth gaming that is annual gain since the economic downturn 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, yet others, notably New York and Massachusetts, going right on through some form of casino legalization or expansion process at present. And yet, according to analysts, it seems that outside of nevada, 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 consumers will carry on to limit their investing to things more essential than video gaming, even since the United States economy continues to improve,” Moody’s explained in a report posted earlier in the day this month.
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