While they may have been part of the Indiana casino industry for over a decade it seems as though even the riverboat casinos are feeling the pinch with gambling revenues down. This is the first time that many people can remember revenues falling in what has for many years been something of a growth industry in the region.
It seems as though the combined affect of a slowing economy, rising fuel prices and a number of high profile layoffs in the area has slammed the breaks on the sector. Fuel in the US has now soared past $4 a gallon for the first time and it is proving more and more costly to run and operate these floating casinos. Then there is the fact that even those who still venture on board for a flutter are reducing their wagers as money becomes even tighter.
The casino industry in the US seems to be taking something of a breather at the moment but there are hopes it will bounce back sharply as and when the economy picks up. However, there is also the creeping threat of union representation which is starting to have an impact in more and more US states where casinos are located.
While they may have been part of the Indiana casino industry for over a decade it seems as though even the riverboat casinos are feeling the pinch with gambling revenues down. This is the first time that many people can remember revenues falling in what has for many years been something of a growth industry in the region.