New report indicates there has been a drop in revenues in US casinos, but there are some companies that offer hope.
Gaming revenues in regional casino markets in America dropped 1.38 per cent year-on-year to $2.225 billion (£1.1 billion), according to a new survey.The 32-page National Revenue Report from Fantini Research highlights how the industry has been affected by the smoking bans in major markets and a slow economy.
So-called "major markets" in Atlantic City, Colorado and Illinois have apparently struggled since authorities stamped out smoking.
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Flooding rivers in Iowa, Mississippi and Missouri also contributed to the figures, the study found.
Report author Frank Fantini has claimed that casino companies Ameristar, Pinnacle Entertainment and Isle of Capri have grown revenues through expansions.
He also indicates that the emerging racino markets of Pennsylvania and New York, where revenues have increased over the 12-month period, also provide a glimmer of hope for the gambling sector.
In recent years, the Chinese administrative region of Macau has overtaken Las Vegas as the top gambling destination in the world in terms of revenues.
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