Too Much of A good thing? US Gambling Enterprises Are Maxing Out
Not so long ago, you made the trek out to Las Vegas, and a glamorous and exciting trek it was if you wanted to gamble in America. Then Atlantic City got up to speed, and tribal gambling enterprises exposed at various locales across the country. The poker boom hit, and every person and their mother wanted to open US casinos and ride the wave that is tidal. A mix of changing mores and the addictive excitement of gambling on tables and machines swept America and suddenly, it seemed like every state wanted to legalize what had as soon as been largely forbidden. Dazzling revenues and 1000s of created work opportunities probably did not hurt the rise in video gaming homes either.
But those days appear to own struck a sinkhole into the road: experts are now saying that the US casino market is overbuilt, and approaching complete saturation.
Too Much Competition, Not Enough Differentiation
What’s caused the spiral that is downward? According to University of Nevada, Reno professor Mark Nichols, it’s become one thing of a fast-food-that’s-all-the-same environment for American casinos. Nichols claims that casinos have lost their ability ‘to out-entice somebody, because everybody is pretty much exactly the 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 earlier this month that the American brick-and-mortar casino Continue reading