Tuesday, March 9, 2010

Online gambling outlets hurting land-based casinos

The number of Americans that visited casinos was down a whopping five percent in 2009 compared to the previous year, according to a study released by the Mintel International Group.

The recent economic crisis certainly played a part in that decline, but the report by Mintel also speculated that many gamblers are turning to online wagering portals to quench their thirst.

The study states that approximately 27 percent of players are visiting Indian casinos, 24 percent are in Las Vegas and another 12 percent in Atlantic City. It also revealed that 12 percent of Americans claimed to have visited an online gambling site within the last year.

Mintel’s study suggested that the land-based casinos have taken a hit because of the advancement in HD television as well as the overall improvement of the online gaming industry.

Online Gambling News, March 2010

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