Way too much of a thing that is good? US Gambling Enterprises Are Maxing Out
A long time ago, if you wanted to gamble in America, you made the trek out to Las Vegas, and a glamorous and exciting trek it was. Then Atlantic City got on board, and casinos that are tribal at various locales around the country. The poker growth hit, and everybody else and their mother wanted to start US gambling enterprises and ride the tidal wave. A combination of changing mores and also the addicting excitement of gambling on tables and devices swept America and suddenly, it seemed like every state wanted to legalize what had when been largely forbidden. Dazzling revenues and thousands of created job opportunities probably don’t hurt the rise in gaming homes either.
But those days appear to have struck a sinkhole into the road: experts are actually saying that the US casino market is overbuilt, and approaching complete saturation.
Too Competition that is much Enough Differentiation
What’s caused the spiral that is downward? According to University of Nevada, Reno teacher Mark Nichols, it’s become one thing of a fast-food-that’s-all-the-same environment for United states casinos. Nichols claims that casinos have actually lost their ability ‘to out-entice someone, because everybody is pretty much the exact same, and everybody is on the playing field that is same. [So] then it just comes down to location.’ Fitch video gaming analyst Alex Bumazhny told Bloomberg early in the day this month that (more…)