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US – New casinos boost State of the States report

By - 16 December 2013

Casino gaming has bounced back impressively in the United States where The American Gaming Association’s 2013 survey; State of the States, highlights that 15 of 22 states offering commercial casino gaming during 2011 saw revenues increase during 2012 providing the second highest revenue in history.

The largest increases were driven by the opening of new casinos or casinos that had their first full year of operations recorded in Kansas, where GGR improved by 603.7 per cent, Maryland, where revenues surged by142.6 per cent, Maine up by 66.9 per cent and New York, up by 43.1 per cent.

The leading US casino market was of course Las Vegas where revenue receipts were $6.207bn followed by Atlantic City with US$3.052bn.

According to Frank Fahrenkopf, Former President and CEO-American Gaming Association, 2012 marked three consecutive years of increasing growth rates for gross gaming revenue.

The states with the largest declines in revenue, New Jersey, down eight per cent and Delaware, down 4.7 per cent, are both dealing with increased competition in the mid-Atlantic region. New Jersey casinos also lost revenues due to the effects of Hurricane Sandy.

The report also highlights that Ohio’s first four casinos opened during 2012, making it the nation’s 23rd commercial casino state and adding more than $400m to the national revenue total. The US operating sector as a whole provided jobs for 332,000 people.

During 2012, the gaming equipment manufacturing and technology sector of the commercial gaming industry continued its growth, reporting positive gains in all key measures of economic activity. Direct economic output by the manufacturing sector rose to $13bn in 2012, an all-time high and 5.7 per cent higher than 2011 figures

Around 31,200 people were employed in the manufacturing sector.

Total consumer spending on gambling at commercial casinos increased by 4.8 per cent in 2012 to $37.34bn. National gross gaming revenues for 2012 reached their second-highest level in history, behind only 2007, the last year before the recession hit.

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