Submitted by admin on Mon, 27/02/2017 - 20:19
Gambling in the US is alive and well but less of a gamble as part of the entire non-gaming model. 2016 has shown modest revenue uptick in New Jersey and Nevada gaming. By: Robert Ambrose
With the recent release of year-end gambling figures for both Atlantic City and Nevada, we see a modest upturn in gaming numbers and or stabilization at best.
According to the recent State figures out of Atlantic City, gaming is up 1.5% in 2016. Casino win $2.6 billion.
It must be noted that the last time New Jersey saw a gaming revenue increase was 2006. By coincidence it was also the last time I worked in a casino in New Jersey. Just saying!
Of course the on-line gaming component in New Jersey played a part and with the close of the Taj Hotel Casino; business has settled in at the other seven properties.
