The difference between Atlantic City, Reno and Las Vegas in terms of gaming is dramatic.
Atlantic City, which was once considered a competitor to Vegas, finds itself struggling to survive as casinos shutdown and mass layoffs hit the boardwalk.
Reno is looking to technology and manufacturing to diversify its economy. An economy once based on gaming, until tribal casinos in Northern California and a recession kept most gamblers at home.
While both Atlantic City and Reno struggle, the gaming industry in Las Vegas is growing again. Revenues in June topped 906 million and almost $10 billion in construction is on its way to the Strip.
But, there are problems. Caesars Entertainment is looking at $23 billion in debt, Las Vegas-based casino firms face lower profits from struggling regional casinos and several Strip casinos have yet to post profits.
So, is the new investment in the Strip sustainable? And what trends in Atlantic City or Reno should worry Las Vegas gaming executives worry about?
GUESTS:
Roger Gros, publisher Global Gaming Business
David Schwartz, director of UNLV’s Center for Gaming Research
John English, senior vice president business development Asia & Americas with Betfair TVG
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