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Despite worries over a potential recession and a sagging housing market, Las Vegas has experienced a boom in revenues. In fact, many of Sin City's casino-hotels are on track for their best year ever.
Non-Vegas gaming facilities, however, are not faring as well. For example, profits in Atlantic City have fallen more than 5 percent through most of 2007, though such a drop may be attributed to increased competition on the East Coast. Executives at tribal casinos, meanwhile, say their falling revenues are due to high gas prices and a decrease in consumer confidence.
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Vegas Revenues Up Despite Economic Woes
Dec 28, 2007 - Source: New York TimesDespite worries over a potential recession and a sagging housing market, Las Vegas has experienced a boom in revenues. In fact, many of Sin City's casino-hotels are on track for their best year ever.
Non-Vegas gaming facilities, however, are not faring as well. For example, profits in Atlantic City have fallen more than 5 percent through most of 2007, though such a drop may be attributed to increased competition on the East Coast. Executives at tribal casinos, meanwhile, say their falling revenues are due to high gas prices and a decrease in consumer confidence.
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