Decline In Land Casino Revenue Blamed On Internet Gambling

Land-based casinos have been suffering from a decline in revenue for quite some time. Their are
a number of factors that have contributed to rapid decline in land-based revenue. The two most
important factors that have contributed to decline has been the global financial crisis and the growing migration of players from land-based casinos to online casinos and poker rooms.

Mintel International Group has proven that the online casino industry is a major cause of the
decline in land based casino revenue. Their report concludes that Americans claiming to visit
a land-based casino in 2009 is 5% less than what it was in previous years. Approximately 27%
of land-based gamblers are playing at casinos on Indian reservations, while 24% still play
in Las Vegas, 12% in Atlantic City, and the rest are playing at a mix of different casinos.

Mintel has also reported that 12% of Americans have visited an online casino in the last year,
even when the industry continues to suffer from legal challenges by the DOJ, and the UIGEA.
Mintel reports that gamblers are moving away from land-based casinos because of the HD
televisions, advancements in video gaming, the Internet, and the online casino industry.