Is the gambling industry recession proof

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"The gaming industry as a whole has at times been described as recession-proof, but I think that's not always true," Flanery said. If there's a saving grace for the gambling industry, it's that it

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 had settled. Are casinos recession proof? | Business | lmtribune.com LAS VEGAS - In a town enthralled with its own mythology, Las Vegas would like to hold on to one myth in particular these days: Gambling is recession proof.

While retailers, manufacturers and tech companies are watching their holiday profits slip away, the gaming industry has been basking in impressive sales numbers this ...

Must-know: A business overview of casino gaming - Market Realist Sep 8, 2014 ... The commercial casino industry in the U.S. has changed over the last two decades ... They're the gambling operations on Indian reservations. ... U.S. casino industry was thought to be recession-proof—especially in Las Vegas ... 8 Recession-Proof Stocks to Prepare Your Portfolio for the Next Cycle ...

Festive reflections on the UK's changing gambling economy - Real ...

Online Casino Industry: Recession Proof? | Online Casino ... The low cost of online gambling needs to be protected by effective and responsible self-monitoring by providers. In the face of an ongoing European economic recession, the fledgling industry of online casinos experienced a significant if not remarkable increase. A 2012 placed the online gaming ... Are Gambling and Prostitution RECESSION PROOF ... The economy is so bad that Nevada's gaming industry is seeing historic declines in revenue. Is the gaming industry still recession-proof?: a time ...

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Casinos Battle Recession - My New Orleans And when gambling suffers in Vegas, everything else feels the pinch. Travel analysts say the Nevada city has taken a hit in its convention business and average hotel room rates as well. In view of recent conditions, analysts who used to consider the gambling industry “recession-proof” have had to change their tune, as some casino companies have called off big projects. Is Sports Recession-Proof? | Wall Street Oasis Alcohol. Gambling. Smoking. All have been called "recession proof" or "recession resistant" industries, thriving in good times as well as bad. Rough patches or not, people will still want/need to drink, smoke, and gamble. But will they always want/need to attend sporting events? It's no secret that Is Gambling Recession Proof? - cnbc.com Is Gambling Recession Proof? 8:40 PM ET Thu, 18 Aug 2011 Jonathan Galaviz, Chief Economist at Galaviz & Company LLC, and Cesar Purisima, Finance Secretary of the Philippines talk about the gaming ...

3 Jan 2009 ... Out in Nevada desert, gambling runs dry. ... During the last 20 years, a number of states bet on gambling -- a supposedly recession-proof business. ... The industry's losses can be seen vividly in Mesquite, whose reliance on ...

Is Gambling A Recession-Resistant Industry? . News | OPB The gambling industry was once considered recession proof. But we’re in the midst of the deepest recession most of us have ever experienced. Even Northwest casino operators and state lottery ...