Bloomberg’s Brian Miller reports on the U.S. gambling industry on Bloomberg Television’s “Market Makers.” (Source: Bloomberg)
Lawmakers who continue to advocate to expand gambling fail to understand that it is an unstable source of revenue. Revenue is down at casinos in Illinois and Missouri. The St. Louis Business Journal article, Video gaming terminals, aging market drive down casino revenue, noted:
The target market is aging and slot machines don’t provide the same level of appeal to the younger generation, who grew up on technology and video games.