Nevada Casino Revenues Down 1.9% in June.

The spiraling economy has hit the U.S. pretty hard over the past few years.  Gas prices, cost of living, and property values have been out of wack for a good period during this particular time.

While a lot of analysts believe we’re already in a recession, it hasn’t really slowed up the casino industry in Nevada.

Although recent reports showed casino revenues were down 1.9% in June, 2008, as compared to the same time last year, the industry still found itself on the end of a $12.5 billion dollar upswing.  In fact, casinos in the state have always been one of the strongest staples in struggling economic times.

Combined with world class gaming and entertainment, great restaurants, and an overall family environment as of late, Nevada has been a hotspot for tourists, gamblers, and new residents coming in from out of state.  It is no wonder why these casinos thrive during times where many business go belly up.

It’ll be interesting to see what kind of revenues companies like Harrah’s and MGM can conjure up if they’re allowed to delve into the online gambling market.

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