Casino profits turn down in Vegas and Macau

Casino profits have dropped in both Macau and Vegas and there is fear they may not rise by the end of the year.  Wynn resorts has disappointed investors with a drop in the share price and Harrahs the biggest casino operator in the world has seen a 13.7% drop in quarterly profits.  Macau has performed relatively well in terms of casino revenue around March to July of this year but unfortunately that has not lasted.  Harrah’s is soon thinking of becoming involved in online gambling but has not yet taken the big step which many online casinos are fearing due to their strength in the world gaming market.  Maybe this is the step they need to take to boost revenue.

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This entry was posted on Monday, November 2nd, 2009 at 2:09 pm and is filed under casinos.

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