Many Casinos Are Faced With Economic Difficulties Beyond The Recession
Many land-based gambling venues, such as Atlantic City casinos, are faced with economic difficulties beyond the recession. Like newspapers, these gaming spots might have to face the natural technological evolution to online casino and Internet news sources.
Both the Tribune Company, owners of the Chicago Tribune and several other papers, and the New York Times Company are facing turbulent financial times.
And almost every paper in the country has raised prices while drastically cutting content.
The advantages of the Internet cannot be denied.
The gambling industry is in much the same situation. Online casino allow players to avoid travel and hotel costs, give them freedoms such as smoking which may be denied in a public casino.
OCA senior gaming analyst Sherman Bradley says, “By saving all the money land gaming is forced to invest, online casinos are able to provide far better returns on slot machines.