Casino Business
During the month of February last several major casino operators and slot machine manufacturing companies through difficult times. The Applied Analysis Gaming Index (AAGI) for the month of February, reported negative figures in almost all companies in the U.S. casino industry.
For the last day of February, the index reached a value AAGI of 285.91. This represented a fall of 4.1 percent over the figures of January 2010. Anyway, compared to figures recorded in the month of February 2009 there was an increase of 45.8%.
One of the decisive factors to determine the direction they would take the finances of the major casino companies for the first months of 2010 were the quarterly earnings of some of the largest casino operators in North America.
Harrah’s officials commented that because of the difficult economic situation, many gamblers began to allocate smaller amounts of money gambling in Las Vegas.
In the opposite region of the globe in Macau, the casino situation seems to compensate the economic difficulties being experienced Las Vegas. Steve Wynn has already stated that most of their expectations for the business of casinos in Macau, a city where the company plans to open a second casino on April 24.
With regard to competition posed for City Center casino Wynn, the owner of the company has not mentioned that major concerns about the situation of its casinos, since they have a good reputation in the area
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