BILOXI -- Nevada casinos are seeing turbulence from the economy but in other areas of the country, including the Coast, there is some resilience.
A Real Deal report issued Wednesday by the American Gaming Association said gross casino revenue is down 6.6 percent at the Nevada casinos.
"A decline in visitation, aggravated by a significant dip in the number of available airline seats, is largely to blame for these losses," it said.
The housing crisis, the high cost of gasoline, smoking bans and tightening capital markets have become real challenges for the casinos during the last year.
But revenues were up in Pennsylvania, Iowa and Missouri, and "gross gaming revenues from Mississippi's Gulf Coast casinos have exceeded pre-Katrina levels for much of the year," the report noted.
For the first seven months, the total gross casino revenue on the Coast is $886.7 million, which is $1 million above last year's record pace.
Although the casino industry isn't immune from economic struggles, it is "enduring and adaptable," the AGA said. "The current market challenges encourage innovation and creativity, which will serve the industry well in the long term."
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