Casino Operators Hopeful for Q3 and Q4 of 2010

The US has moved quickly to create legislation that can manage online gambling. Though legislators want it done, they are in the midst of serious debate still. It’s taken two years now to begin the debates and come up with some viable way to regulate gambling. The rush is that legislators realize how much money is at stake. If they can get online gambling and gambling in land-based casinos legalized and regulated, they can bring in millions of tax-revenue dollars. Without the money, there are few other ways to bring in the huge money needed to balance the budgets and meet financial needs.

Since the recession cities everywhere have been struggling. Businesses—even gambling casinos—have had a hard time managing throughout the drastically diminished revenues the recession brought. Once the recession occurred, people stopped gambling due to the loss of jobs and loss of house value. To manage financially, people had to cut back and businesses had to lay off workers. Together the two events changed the face of gambling. Casinos everywhere worked overtime to create specials and promotions that continued to bring in new customers and caused old customers to return. Though they were moderately successful, it seems like the market is now finally turning around for the good. Casinos in Las Vegas, for example, are seeing their first bit of success this year.

For the first time in months revenues are up. They aren’t what they were pre-recession, but they are considerably higher than they were at the height of the recession. That’s great news for legislators who are hoping to see a growth in overall income this year. They are hoping that the positive changes are going to stay and soon they will be returning to normal operations. They are continuing to create specials and bonuses that bring in customers. If you have stayed away from gambling due to a lack of funds or a risky market, consider returning now. The specials are vast and beneficial for gamers and it is a great time to take advantage of them.

No related content found.

Leave a Comment

Your email address will not be published.