Is the gambling industry recession proof

It's seen as a recession-proof industry. But has the credit crunch had an effect on bookmakers? And what about the people betting?

Submitted by Alessandra Miguel-Descalso as part of our contributors program. 6 Recession Proof Industries: Does your Portfolio Stack Up? It's a known fact that the stormy marketplace in times of ... 'Recession-proof' Las Vegas hit by US economic downturn 'Recession-proof' Las Vegas hit by US economic downturn For almost any other tourist hotspot, greeting nearly 10 million visitors and earning 2.9 billion dollars from convention business in three months would be a cause for cheer. THE SOCIAL AND ECONOMIC IMPACTS OF GAMBLING

GGB Magazine | Recession-Proof?

Effects of Recession on Gambling - Roulette King Mar 27, 2009 ... The gambling industry has always been looked upon as recession proof. There once was a time when it was thought that there will always be ... Is online gambling a recession-proof industry? - The Economic Voice Oct 28, 2014 ... Despite the lean economic outlook of recent years one industry appears to be thriving. Online casinos attract vast numbers on a daily basis to ...

28 Sep 2016 ... After struggling with a gambling addiction for 13 years, Kate Seselja had enough. ... that Australian lawmakers are "terrified" of the gambling industry. ... as governments sought revenue sources in the wake of a recession.

Gaming news, Has Online Gambling Business Recession-Proof? Nov 20, 2012 · In fact, the impact that the recession had on the tourism industry meant that land based gambling companies were at a significant disadvantage compared to their online counterparts. The Effect of Recessions on Gambling Expenditures Dec 06, 2011 · Mikesell (1994) reports a positive effect of a recession on gambling. Gambling offers a pure chance opportunity to win a jackpot, often multiple millions of dollars for the best modern lotto games, for a small price.

Spotlight on Economics: Do Casinos Have a Positive Effect on ...

Is Gambling Recession Proof? - cnbc.com Is Gambling Recession Proof? 8:40 PM ET Thu, 18 Aug 2011 Jonathan Galaviz, Chief Economist at Galaviz & Company LLC, and Cesar Purisima, Finance Secretary of the Philippines talk about the gaming Porn, Beer and Gambling all Recession proof industries are