Detail The Impact of Local Economic Conditions on Casinos Revenues   Oleh:  Flanegin, Frank ; Racic, Stanko ; Rudd, Denis P. Jenis: Article from Proceeding Dalam koleksi: American Society of Business and Behavioral Sciences (ASBBS) Proceedings: Feb 2014; Vol. 21 (1), page 1-9. Fulltext: 23 - ASBBS 2014 - p254.pdf (781.38KB) Isi artikel While gaming as an industry like most other industries was negatively affected by the severe economic downturn in 2007 and 2008 it has continued to suffer during the anemic recovery. However different gaming destinations have suffered at different rates. This paper reviews the fall and rise of gaming revenues in the three major destination gaming areas of the United States. We look at the relationships of local GDP, Unemployment Rates, and Housing Values Continually to gaming revenues.. Over the last 5 to 6 years the belief that gaming revenues at destination gaming sites were immune to local economic distortions has come into question. The truth may very well just the opposite and that the economic magnification effect of local conditions has just been hidden under the pre- recession long term increase in gaming tourists. Hence during boom times local economies within gaming destination areas preform much better that the national average while during recessions local economies relying on casinos as economic drivers preform much worse that the national average. This follows the findings (Flanegin et. al. 2009 and ), of significant impact of national GDP, unemployment rate, inflation rate, Misery Index and stock market returns on the gaming revenues of the major U.S. casino destinations: Atlantic City, the Las Vegas Strip, Downtown Las Vegas, Laughli/Reno and Boulder City Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Kembali

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