Top 10 Recession-Proof Industries - Toptenz.net Top 10 Recession-Proof Industries. Fine dining establishments, tourist trades, and gambling do well when the economy is good, but they tend to tank when it’s bad. A lot of people are not willing to spend the money when they think their job is on the line. There are certain industries that do just fine during a recession though. Top 10 Recession-Proof Industries - Toptenz.net Top 10 Recession-Proof Industries. Fine dining establishments, tourist trades, and gambling do well when the economy is good, but they tend to tank when it’s bad. A lot of people are not willing to spend the money when they think their job is on the line. There are certain industries that do just fine during a recession though. HOW IS GAMBLING FARING IN THE RECESSION?
Gambling in a recession Thursday, June 25, 2009 - 02:42 Jun. 25 - Gamblers at the Empire City casino in Yonkers, New York discuss how the recession has affected their gaming habits.
The Effect of Recessions on Gambling Expenditures Among the three gambling activities only lottery consumption appears to be recession-proof. ... gambling expenditures show a ... the gambling industry ... Recession Gambling? - YouTube It's seen as a recession-proof industry. But has the credit crunch had an effect on bookmakers? And what about the people betting? Gambling in the Recession . Radio | OPB Gambling has been called a “recession-proof” industry, but that notion doesn’t seem to hold true for the current economic downturn. Though the Oregon ... Is Gambling Recession Proof? - cnbc.com
Some estimates put total debt over $1.5 billion which would mean that every resident would owe $30,285. [24] These numbers do not reflect the school system deficit nor the school district's $437 million long term debt, [25] nor unfunded …
Businomics Blog: Gaming Industry Recession-PRONE, not ... If you had bought the industry's self-hype that it was recession-proof, and held your gaming stocks, your would have had a 38 percent loss--so far. Business strategy lesson: before you believe the industry lore that your business is recession-proof, you should look at the data.
Recession-Proof Stocks - Energy and Capital
May 05, 2008 · In Michigan — a state with the highest unemployment rate in the nation — some officials are banking on the notion that casinos are recession-proof. While some Detroit gambling centers are doing well, however, others are laying off workers. Listen. HOW IS GAMBLING FARING IN THE RECESSION? by Eugene Martin Christiansen. Reprinted by permission from Insight — The Journal of the North American Gambling Industry, December 2008. As the recession deepens the myth that gambling is recession-proof pre-occupies the journalistic mind, which tirelessly recycles it in newspapers reporting casino layoffs in their business pages. How The Online Casino Industry Become Recession Proof Blog 1 – How the online casino industry became recession proof Financially speaking the world is still recovering from the 2008 credit crisis. Various business sectors were ravaged by rising debt, with several companies not even able to carry on after the dust had settled. Are casinos recession proof? | Business | lmtribune.com LAS VEGAS - In a town enthralled with its own mythology, Las Vegas would like to hold on to one myth in particular these days: Gambling is recession proof.
Recession-proof industries — Some industries are considered by economists as recession proof industries.David Forrest (academic) — Professor David Kerr Forrest is applied economist and econometrician who specialises in analysis of the sports and gambling industries.
The gambling industry was once considered recession proof. But we’re in the midst of the deepest recession most of us have ever experienced. Why Casinos are not Recession Proof: An Business Cycle ... therefore expect the recession (2007/2010) will have a significant negative impact on gaming. revenues when compared to the previous recession of 2001. Hypothesis One: The recession of 2007-to-2010 had a greater negative impact on casino. gambling revenues when compared to the recession of 2001. Gambling Industry Feels Economic Pinch - newsweek.com Gambling Industry Feels Economic Pinch. Casinos, lottery agencies and racetracks are losing tons of money as gamblers play it safe, laying to rest once and for all the old nostrum that gambling is a recession-proof industry. The Nevada Gaming Control Board reported last week that revenue at the state's casinos fell by 22 percent in October,...
This raises the question: Is the marijuana industry recession-proof? How resilient is the cannabis industry? The answer, I'd contend, is no; ...