|
|
|
 |
US Casino Gambling Reports a Tale of Two Cities
LAS VEGAS, NEVADA --
While the recession was chewing through the US economy, most businesses, including casinos and gaming companies, suffered along with the rest of the country. But now that signs of recovery are blossoming, a stark contrast is to be found between the gambling fortunes of Las Vegas and Atlantic City.
This week, the Nevada Gaming Control Board reported that Las Vegas Strip gambling revenue rose in December for the second straight month. The heart of the Nevada gaming industry saw income jump almost six percent over the same month the previous year.
But Atlantic City continues to decline as revenues from the town's 11 casinos spiral down in what New Jersey politicians and gaming industry analysts are fearing may become a dive the city will not wholly survive. Reports from the New Jersey Casino Control Commission show January revenue in Atlantic City dropped 8.5 percent.
Las Vegas visitors' numbers are still fragile, but high rollers are helping lead the city back to its old self, as baccarat play contributed mightily to the gaming revenue totals. Aria, the new casino at CityCenter, has opened strongly with the high-end crowd, helping to boost figures.
New Jersey, however, seems desperate for anything that can reverse this pattern i which it has found itself for the last few years. Gambling expansions in Delaware, Maryland, and Pennsylvania have ended Atlantic City's exclusivity on East Coast gambling.
Lawmakers are pushing to let state casinos operate online gambling for residents inside New Jersey borders, and are pushing a lawsuit to force the US federal government to allow sports betting. Unless an edge can be found, the tale of two cities may continue to widen in contrast.
Previous USA Casino News Articles
Post A Comment
|
 |
|
|
|
