Can Casinos Thrive During a Recession?
For many years, casinos have been regarded as recession-proof. Some analysts base their arguments on the performance of casinos in the 1990s recession. During this season, the casinos’ Gross Gambling Revenue rose by 9.4%, although their income decreased by 5.9%. In the second quarter, everything changed, and the casinos’ earnings dropped by 79%, which proved … Read more