A recent Moody’s Investors Service analysis seems to think so. Some observations from their report:
- An aging population. People 65 and older don’t have as much discretionary income that gambling really relies on.
- At the other end, younger people aren’t as interested in gambling as older generations. And those who are interested prefer technology for their entertainment rather than the traditional bricks and mortar establishment.
- Regional casinos, such as in Ohio, are not a destination. In a place like Las Vegas, casinos get most of their revenues from hotel rooms, restaurants and entertainment. In Ohio, 65-85 percent of a casino’s revenues come from slots and table games.