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The American Gaming Association (AGA) has announced that casino revenues in the U.S. have stabilized nationally and locally for the first time in nearly half a decade. The 2011 State of the States report showed a nearly 1% increase in U.S. gross casino revenues and as more states expand gambling that number is expected to grow substantially over the next few years.
Interestingly enough, the report shows that casino visitors are looking for more than just gambling. The report found that 16% of all casino visitors rarely or never game, and choose instead to visit the casinos for the restaurants, entertainment and shopping which explains why Las Vegas, which offers a wide variety of attractions has been less affected then some of the other gambling hubs in the US. According to the report, casino visitors are more likely to go to movies, concerts, sporting events, museums and amusement parks and take more vacations than the general population and three out of five casino visitors said they often visit attractions, restaurants and shops outside the casino, generating revenue for other businesses in the community.
Commercial casinos across the nation generated more than $7.59 billion in taxes revenue in 2010. They collectively provided more than 340,000 jobs, and that's just counting the jobs that they provide directly and not the jobs that were created by bringing tourists to their area.
"There's no question; the last several years have been challenging for the commercial casino industry," said Frank Fahrenkopf, president of the AGA. "This year's State of the States report confirms that there's good reason to be optimistic about the future of gaming. The industry has made tough choices and implemented new strategies to persevere. As a result, casinos across 22 states continue to make significant contributions to the U.S. economy."
Those who are interested can read the report in full on the AGA's official website. As always, stay tuned to Casinofan for more news and updates.
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