Is the gambling industry recession proof

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HOW IS GAMBLING FARING IN THE RECESSION? by Eugene Martin Christiansen. Reprinted by permission from Insight — The Journal of the North American Gambling Industry, December 2008. As the recession deepens the myth that gambling is recession-proof pre-occupies the journalistic mind, which tirelessly recycles it in newspapers reporting casino layoffs in their business pages. Effects of Recession on Gambling - Roulette King Tuesday, August 21, 2018. Published on Mar 27th, 2009 - 3:10pm PST. The gambling industry has always been looked upon as recession proof. There once was a time when it was thought that there will always be people who will have money to gamble regardless of the economic state of the country. Bottom Line: Are Casinos Recession-Proof? : NPR May 05, 2008 · In Michigan — a state with the highest unemployment rate in the nation — some officials are banking on the notion that casinos are recession-proof. While some Detroit gambling centers are doing well, however, others are laying off workers. Listen.

Gambling Industry Feels Economic Pinch. Casinos, lottery agencies and racetracks are losing tons of money as gamblers play it safe, laying to rest once and for all the old nostrum that gambling is a recession-proof industry. The Nevada Gaming Control Board reported last week that revenue at the state's casinos fell by 22 percent in October,...

14 May 2012 ... Certain businesses thrive on good economies. Fine dining establishments, tourist trades, and gambling do well when the economy is good, but ... Economy Proof Casinos Franchise Cost & Opportunities 2019 ... Economy Proof Casinos Now the odds are in your favor! ... "Not only is Internet gambling already possible; already a modestly thriving Industry, it promises to ...

Here is a list of 10 recession proof industries…From sporting goods to designer duds, consignment shops offer a win-win scenario for shoppers and sellers alike. Already a $12 billion industry, the resale industry is expected to grow 5% this year while many major retailers take a...

Gaming news, Has Online Gambling Business Recession-Proof? Recession-proof was a term bandied about in reference to a select number of industries – many of which coincidentally happened to produce products that potentially harm health (gambling, alcohol Bottom Line: Are Casinos Recession-Proof? : NPR In Michigan — a state with the highest unemployment rate in the nation — some officials are banking on the notion that casinos are recession-proof. While some Detroit gambling centers are How The Online Casino Industry Become Recession Proof Blog 1 – How the online casino industry became recession proof Financially speaking the world is still recovering from the 2008 credit crisis. Various business sectors were ravaged by rising debt, with several companies not even able to carry on after the dust

The only gambling sector that appears to be recession proof is lottery consumption. This series is characterized by a vast and solid growth that appears to be independent of the business cycle and of temporary shocks to income. Casino expenditures appear to have

Mike O'Donnell shares his insights on the gambling industry's growth worldwide (Asia largest growth) despite the global economic recession.