Slicing up a smaller pie

Moody's recently changed its outlook on the US casino gambling industry from "stable" to "negative." From Moody's SVP in a press release: "The fact regional gaming revenues excluding Nevada remained flat, despite further improvement in the economy and additional regional casinos throughout the US, is a strong indication that US consumers will continue to limit their spending to items more essential than gaming, even as the US economy continues to improve."

Oh, and apparently a political roadblock to opening casinos in northern New Jersey is softening.

[Moody's] [Bergen County Record]

Earlier: Map quiz: surrounded

Comments

Don't listen to those experts, Albany. They have no idea what they're talking about. You go right ahead & build all your pretty little casinos.

Is that sarcasm I sense, Ethan? Of course we need casinos to solve our problems. And an aquarium. And a monorail. Monorail! Monorail! Monorail!

Casinos have already run out of gas. A bad economic calculus. Been to Vegas twice and Atlantic City once. Had a great time but all trips related to conferences.

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