Emerging Industry Overview: Gambling Resorts and Casinos
Industry Snapshot
Gambling as an industry is growing, noted an article in the November 2009 issue of The Economist.In fact, said the article, in the four years from 2004 to 2008, global revenues increased by 24 percent. The United States is fast becoming a nation of high rollers. Approximately one in four adult U.S. citizens, or 54.6 million Americans visited casinos in 2008. And despite a waning economy, the industry earned steady (but slightly decreased) revenues that year. Issues such as possible tax increases at the state level and uncertainty regarding...