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Four casinos have gone into bankruptcy this year, while others have reported losses. And several Las Vegas building projects have stalled due to financial problems.

According to the Las Vegas Convention and Visitors Authority, gambling revenues have dropped 4 percent this year — the current slump is only the second Las Vegas has seen since 1970. The last was immediately following the 9/11 attacks.

Recently, Moody’s Investors Service downgraded 17 United States casino companies, with 11 more in review. Furthermore, Peggy Holloway, a senior analyst at Moody’s, said in a report last month that the recession is likely to affect revenues in Las Vegas for the next 12 to 18 months.

With the United States economy on the ropes, and its land-based casino industry feeling the effects, IGamingNews asked the experts: Will the gambling lobby step up its efforts to influence the liberalization of America’s revenue-generative online space?

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Internet casino and online gambling information – Interactive Gaming News Front Page

Author Contact Info: Emily D. Swoboda, Interactive Gaming News

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