Las Vegas Still Struggling Post Recession
Though the world of online gambling has grown steadily over the past few months, land-based gaming has seen trouble. It seems that most gamblers in the US have cut back on their casino visits. In particular during the recession many gamblers who were left without discretionary funds, had to cut gambling out of their budgets altogether. Though that still left some room for a few online games, it cut out venturing to land-based casinos for gaming fun. The reality is that a lot of land-based casinos are losing money due to the huge growth and convenience of online gambling websites. No longer do people have to pack up, get babysitters, travel for a few hours, find parking, wait in lines and then wait to gamble. If you have a computer and internet access, you can log on in a matter of minutes and be playing your favorite casinos games. These days online casinos offer the same games you will find in a land-based casino and most of the times, with better bonuses and specials.
Las Vegas and Atlantic City are two locations that were formerly equated with gaming excellence. If you wanted the best in casino gambling, you found a long weekend to travel to either location and have gambling fun. Unfortunately, the two markets are now suffering and showing no signs of recovery in the near future. Officials for Atlantic City gaming recently announced that revenues are down by 5% from the same time last year. Part of the changes are due to the added competition of Pennsylvania gaming companies. The problem is that gamblers are being spread thin and now that more and more casino locations are coming into the market, competition is steep. Gambling Meccas of old like Las Vegas and Atlantic City are having problems keeping up with the market. There is little they can do to compete with the overwhelming bonuses that online casinos and new casinos are creating when their budgets are already suffering. Competition is a good thing—for customers—but not such a good thing for companies that don’t have the ability to keep up. Without some tangible changes, Las Vegas and Atlantic City could be in for trouble in coming months of performance.
Tags: Atlantic City, economy, Las Vegas, recession
