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To: PAR35
Folks in a position to know said that the hotel occupancy and shows were doing well, but that gambling revenue had not recovered since the recession.

I think this applies to gambling in general.

It was said gambling is for people who don't do math.

People started doing the math.

Plus, it's a demographic thing. Older the better.

In years past, gambling was remote and glamorous. Now it's ubiquitous, nearby and ordinary.

73 posted on 09/17/2015 11:50:34 AM PDT by cicero2k
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To: cicero2k

Proximity matter, as well. Vegas used to be the closest gambling to Dallas. Then Shreveport opened about 3 hours down the road - an easy weekend driving trip. Then a couple of casinos opened an hour up the road - now it’s a same day trip for the price of 4 or 5 gallons of gas.

Atlanta is still a multi-day driving trip to NC. But sooner or later the Creeks will probably get a casino an hour or so west of Atlanta.

I think there’s a casino between Lake Charles and Houston. So that’s 3 metro areas where the gamblers don’t have to buy plane fare to Vegas.


82 posted on 09/17/2015 12:36:44 PM PDT by PAR35
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