CASINO

Casino industry not predicted to recover by 2010

TAGs: casino industry, Ratings

Gambling news, Casino industry not predicted to recover by 20102009 will go down as the worst year in history for the casino industry. Unfortunately, 2010 isn’t expected to be much better. Fitch Ratings Service, which follows the high yield bond market, has predicted that industry will be in recovery mode for at least the next couple of years. In their report on the state of the gaming industry “When Will the Tables Turn,” they note that the largest gaming markets in the U.S have a larger supply of casinos than current demand can support. While the recession may eventually help the gambling industry, that help doesn’t look like it’s on its way anytime soon. Read more…

Comments

views and opinions expressed are those of the author and do not necessarily reflect those of CalvinAyre.com