Is the gambling industry recession proof

Whether you regard legal weed as medicine or a vice, it's a great business in good times and a good business in hard times. THE MEDIA BUSINESS: PUBLISHING; Jitters in a 'Recession-…

casino, the gaming industry was once known as the recession-proof entertainment industry has taken a dismal look for the last few years. The raw figures present the industry that is not resilient to the economic shocks that often have global reaching effects. Gambling Industry a Risky Bet in 2009 - findingDulcinea The struggling gambling industry, once considered recession-proof, faces an uncertain future heading into the new year. Gambling: A “black hole for practical reasons” In 2009, the future of gambling is uncertain—and some people are happy about it. Gambling In Recession - lhdp.org.pk During recessions, job security becomes the number one priority as workers flock toward so-called recession-proof businesses. Recession-proof businesses are traditionally defined as industries that either thrive during rotten economic times or at least survive unscathed. The global financial crisis of 2007-2009, however, rewrote the rules about ...

Is the entertainment industry recession proof ? December 3, 2008. Makes me wonder as I look at Yahoo! ... Gambling on TV / in casinos. Pornography on TV.

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.

Gaming news, Has Online Gambling Business Recession-Proof?

8 Recession-Proof Businesses and Methods to Beat Tough Markets Jan 4, 2017 ... Edgy Labs brings you 8 recession-proof businesses and methods to help ... According to Statista, the online sports-betting industry will exceed ...

Can any industry really be recession proof? Juniper Research thinks so. In a new report, the firm projects global mobile gambling revenues w…In a new report, the firm projects global mobile gambling revenues will more than double to $3.6 billion next year. But consumer spending on mobile...

Gambling Industry Not Recession Proof We Learn ...

The only gambling sector that appears to be recession proof is lottery consumption. This series is characterized by a vast and solid growth that appears to be independent of the business cycle and of temporary shocks to income. Casino expenditures appear to have significant positive growth during both expansion and recession.

Economic Troubles Affect the Vegas Strip - The New York Times 6 May 2008 ... The gambling center seemed immune to the economic swings of the rest of the country. ... in the next few years, and a long national recession could send the city reeling. ... “In this market, it is not good business to be confident,” said Jan L. ... Historically, Las Vegas has been resistant to recessions, entering ... Are marijuana stocks recession-proof vice stocks, or another luxury we ... 9 Oct 2018 ... Are marijuana stocks recession-proof vice stocks, or another luxury ... of the “vice” stocks family, with alcohol, tobacco, and gambling as their older siblings. ... While the marijuana industry undoubtedly has a plethora of growth ... Nate Silver on Sin Tax - Casino and Gambling Industry in Recession

These are the UK's most recession-proof industries | Talk Business May 1, 2019 ... These are the UK's most recession-proof industries ... This is, in part, due to the move into online gambling, with platforms such as Paddy Power ... BREAKING: Beer No Longer Recession-Proof | FiveThirtyEight Feb 19, 2009 ... Casino gambling receipts are down about 8.5 percent from a year ago, ... The movies, also historically a recession-proof industry but not a ... Place Your Bets on These Casino Stocks Before Earnings ...