Is the gambling industry recession proof

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Oct 27, 2008 · Conn. Gambling Industry Not So 'Recession-Proof'. Right next to the casino complex is a massive construction area, where two cranes dominate the landscape. But the site is now all but deserted. Ed Riley of the Ironworkers Local 15 says the area is the foundation for what was to have been a 900-room hotel, shops,...

But does that mean the industry itself is recession-proof? Hardly, says Behravesh, who thinks there are few industries that can make that claim. “Anyone tied to the government is fairly safe. Health care is another one, especially with an aging population,” he says. “But beyond that, anything that relates... Economics of gambling - Wikipedia Employment resulting from gambling is difficult to estimate since gambling involves employees in many different stages.Another study compared personal income to personal gambling expenditure and found that gambling occurs whether or not the country is in a recession. Gaming Industry Far from Recession-Proof | Seeking Alpha After proclaiming that casinos were recession-proof, they've recently learned just the opposite.Here's what happened to gaming industry stock prices: Just a couple of months before the gamingAccording to a Wall Street Journal story (subscription required), the gaming industry is hurting

Nate Silver on Sin Tax - Casino and Gambling Industry in Recession

Top 10 Recession-Proof Industries - May 14, 2012 · Top 10 Recession-Proof Industries. Fine dining establishments, tourist trades, and gambling do well when the economy is good, but they tend to tank when it’s bad. A lot of people are not willing to spend the money when they think their job is on the line. There are certain industries that do just fine during a recession though. Bottom Line: Are Casinos Recession-Proof? : NPR

Effects of Recession on Gambling - Roulette King

3. Sin Businesses So-called “sin businesses” tend to do well during recessions. This is not always a guarantee, but in many cases, it is true that “the bad” do well in bad times. Although it may seem like these excesses- like drinking or tobacco- might be the first thing to go during a recession, people […] The Effect of Recessions on Gambling Expenditures - NCBI Dec 6, 2011 ... In 2008, revenue in the national commercial casino sector dropped about ..... The only gambling sector that appears to be recession proof is ... Economic Recession Affects Gambling Participation But Not ... - NCBI Jul 25, 2017 ... There was a considerable increase in past year gambling behavior from ... of time , the financial crisis wiped out the stock market, the national currency lost ... studies suggest that lotteries are recession-resistant but casino type ... Casinos Among The Hardest-Hit Businesses During ... - Benzinga Jan 12, 2019 ... When the stock market and the economy start to feel like too much of a ... found that lottery gambling, by contrast, is relatively recession-proof.

Effects of Recession on Gambling - Roulette King

Why Casinos are not Recession Proof - ScholarWorks@UMass Amherst The gaming industry has long been considered recession proof. ... states legalized lotteries, a casino gambling economic substitute (AGA, 2008; Elliott & Navin,.