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Las Vegas casino used to do whatever they wanted. Their owners were rolling in cash and they dictated the casino gambling industry to the rest of the world. That is not the case anymore.

Casino gambling on the Las Vegas Strip has hit an all time low and for the first time ever, free uk casino owners are beginning to wonder about the future of their business.

The economy is only one of the reasons why revenue dropped nearly twenty five percent in the month of October. In addition to the economy, casino expansion around the country is severely hindering growth on the Las Vegas Strip.

“people used to be forced to travel to Las Vegas if they wanted a five star gaming experience. Now, those same people have options, and some of them do not even have to travel a mile to get to those options,’ said industry insider Frank Libiriti.

Back in 1983 records began being kept regarding revenue on the Strip. Since then, the percentage of decrease in revenue has never been as high as it was in the month of October.

Last year, casinos on the Strip reported a win of $640 million. That figured has dropped all the way to $475 million this year. The bad news for casino tables on the Strip is that this may not be the low point for long.

“With the way the economy is going, the revenue numbers for these casinos may drop even farther before it gets better. Some of the casinos may not even survive,” Libiriti predicted.

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http://www.casinogamblingweb.com/gambling-news/casino-gambling/las_vegas_casinos_had_better_turn_revenue_figures_around_49781.html

Perhaps it is Indian tribes that are reaping the biggest benefits of all of the states that are moving towards legalized casino gambling. Many tribes have applied for federal recognition in order to begin the process of building casinos in different areas of the country.

One of the areas that could have a tribal casino in its future is Long Island, New York. There currently are no casinos in Suffolk County, but that could change if a newly formed task force finds that a play casino could help the economy.

One person that is not convinced casino gambling in Suffolk is the answer is County Executive Steve Levy, although he is not opposed to the task force. “I’ve never been a fan of bringing a gambling operation into Suffolk. As with Atlantic City and Connecticut, you don’t tend to see the filtering down effect in the economy that is always touted. The tribes get rich, but you don’t see the surrounding economy improve,” he said.

Others do not agree with his stance, and it will be up to the task force to prove Levy wrong in his assertion that the economy in the area would not improve with the addition of a casino.

Do not expect the casino to be popping up in Long Island anytime soon. The task force could take up to a year and a half to do their research. In that time, officials will keep a close eye on the economy. A still staggering economy could lead to a change in position regarding gamble casino expansion in Suffolk.

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http://www.casinogamblingweb.com/gambling-news/casino-gambling/casino_gambling_could_be_coming_to_long_island_new_york_49783.html