The Gambling-Casino Correction
Monday, December 15, 2008Posted in category Uncategorized
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People are blowing their money less frequently. So people who are still removed from reality think that lowering the gambling age to 18 will help spark revenues for casinos. Indeed, the highly-skilled and high-paid kiddies under age 21 with huge wallets are loaded with extra cash right now – they’ll save the casinos.
The Nevada Gaming Control Board reported last week that revenue at the state’s casinos fell by 22 percent in October, compared with the same month last year. It was the 10th straight monthly decline
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