Home	Tutorial	Online Casino Reviews	Best Online Casinos	Casino Software	Casino News

Online Casino Gambling --- Casino News

Where's the Money Going

Las Vegas has been one of the cities in the US hit incredibly hard by the recent economic recession over the past two years. The global recession caused rampant job losses all over the world and the United States was one of the first place to truly feel the effects of a collapsing housing market and weak economy. It didn’t take long for discretionary spending in the US to drop rapidly, and that drop, combined with growth within the online casino gambling market has ensured that Las Vegas is still struggling to minimize both revenue and job losses. One of the contributing factors to the problems in Las Vegas, outside of the online casinos and that whole debate, is the lower levels of spending.

Many gamblers are still traveling to Las Vegas to indulge in their gambling fun at the casinos, but they are spending less than in previous years…a lot less according to the research studies. The latest research released by the Las Vegas Convention and Visitors Authority announced that gamblers are spending as much as 25 percent less on lodging and budgeting far less to gamble at the land casino venues. And these numbers reflect the gamblers who actually decided to come to Vegas and not just hunker down at the online gambling sites and save the transportation money.

Additionally, many of Las Vegas’ visitors are there for conventions and other major events, that means that not everyone who travels to Vegas is there to gamble. The figures for the percentage of gamblers heading to the casinos is at an all time low right now and comes in at a mere 83 percent – 85 percent is the city’s average.