Gaming revenues from commercial casinos and those tribal casinos that report revenues publicly amounted to $39.745 billion in 2013, a mere 0.02 percent increase over 2012 results, according to Fantini’s National Revenue Report.
“The good news is that, as small as growth might have been, it was the fourth straight yearly improvement since revenues hit bottom in 2009 at $36.064 billion,” said Frank Fantini, publisher of the report. “But the new reality of the gaming industry—or at least what has been the reality in recent years—is that more markets are becoming saturated and new competitors are increasingly cannibalizing their neighbors rather than growing the pie.”
The simple same-store statistic tells that story—down 3.1 percent last year, Fantini added.
According to the 100-page annual compilation and analysis, thirteen of 25 reporting jurisdictions suffered revenue declines. However, there were glimmers of hope late in the year as revenues rose in three of the final four months. Only weather-wracked December fell of the track.
Another glimmer was Las Vegas where The Strip grew a healthy 4.84 percent. Even the locals market was strong by year-end, growing in three of the year’s final four months.
Fantini’s National Revenue Report is published by Fantini Research, whose Fantini’s Gaming Report is the global leader in providing daily news and analysis to institutional investors and corporate level executives in the gaming industry. For more information, visit www.fantiniresearch.com.