Moody's Investors Service downgrades outlook for gaming industry

Created: 07/03/2014 12:33 PM WHEC.com

A new report raises concerns about the expanding casino industry in the U.S. The news comes as up to four casinos permits could be built in upstate New York.

Moody's Investors Service downgraded its outlook for the U.S. gaming industry from stable to negative. The forecast is based on a drop in revenue in casinos across the country. The loss in income came as the economy improved.

Analysts say the downgraded outlook is because consumers chose to gamble less, despite having more money to spend freely.

News10NBC/WHEC-TV welcomes your opinion and interaction on our website, but please remember to keep it clean. If you're advertising for another business, being profane, vulgar or slanderous your post will be deleted. By commenting on this website, you agree that anything you post may be used, along with your name and profile picture, in accordance with our Privacy Policy and the license you have granted pursuant to our Terms of Use. Comments are not pre-screened before they posted.


Few Clouds
38° | 24°
  • Feels like: 38° F
  • Wind: ENE 3mph
  • Humidity: 33%
  • Thu Showers possible in the afternoon
    64° | 30°
  • Fri Showers ending by midday
    55° | 39°
  • Sat Snow early
    39° | 27°
  • Sun Times of sun and clouds
    39° | 27°