Casino Revenues Slow in Macau/ Internet Gambling Expands in the U.S., Business and Industry Trends Analysis

Major casino resort cities face daunting competition from online gambling and, in the U.S., from a wide variety of Indian reservation casinos and local or regional casinos based on riverboats and land venues.  While Las Vegas bounced back relatively well from the recession of the late 2000s (with 2015 casino revenue remaining relatively steady in 2015 at an estimated $6 billion), its competing city on the East Coast, Atlantic City, New Jersey, has fared poorly, with many of its major casinos recently closing or taking bankruptcy.  By one count, gross casino revenues in Atlantic City declined by more than 50%…

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