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Online Casinos Benefit from Vegas Slump
by:Staff
Monday, April 14, 2003
The Las Vegas Review Journal has reported that the SARS (Severe Acute Respiratory Syndrome) virus is taking its toll on Las Vegas.
The casino giants on the Vegas strip fear that SARS will deter Asian gamblers from traveling to the US and their loss is expected to effect casino revenue. Asian high rollers account for a substantial portion of Las Vegas casino revenue.
Compounding to the SARS effect is the fear of travel due to the threat of terrorism. Terror threats had substantially impacted Las Vegas following September 11th, and the repercussions of the war in Iraq are expected to instigate similar travel lulls.
Online casino gaming may be the only form of gaming to benefit from the world’s fear of travel. As players who have disposable income to spend on gambling fail to spend it in terrestrial casinos, the expectation is that the “gambling pot” will get spent online.
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