As U.S. casinos see historic billion-dollar revenues in both March and Q1 of 2022, some market experts caution the gaming action is a sign of the 'inflationary times.'
FOX Business' Jeff Flock reports from Atlantic City, New Jersey, where U.S. casinos are seeing their best earnings month ever.March marked the biggest month ever for U.S. casinos, raking in $5.
3 billion in revenue and capping the quarter as the highest-grossing revenue month in industry history, according to the American Gaming Association. It also reported that nationwide gaming revenue totaled $14.3 billion in the first quarter of 2022, setting a new record and nearly matching the all-time quarterly record of $14.35 billion set in the fourth quarter of 2021.
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US casinos experienced best month ever in March, winning $5.3BWhile the national casino economy is doing well, there are pockets of sluggishness such as Atlantic City, where in-person casino revenue has not yet rebounded to pre-pandemic levels.
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US casinos had best month ever in March, winning $5.3B from gamblersInflation may be soaring, supply chains are snarled and the coronavirus just won’t go away. But America’s casinos are humming right along, recording the best month in their history in March. FOX13
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US Casinos Had Their Best Month Ever in March, Winning $5.3B From GamblersInflation may be soaring, supply chains are snarled and the coronavirus just won’t go away. But America’s casinos are humming right along.
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Pennsylvania US Senate candidate Dave McCormick calls on US to lead on energy and ChinaPennsylvania U.S. Senate candidate Dave McCormick joined “The Ingraham Angle” to break down his candidacy for voters Wednesday.
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China opposes semiconductor bill because it will give U.S. advantage -U.S. commerce chiefU.S. Commerce Secretary Gina Raimondo said Wednesday the Chinese government opposes an effort in Congress to ramp up U.S. semiconductor manufacturing because it will give the United States more of a competitive punch.
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U.S. inflation simmers, worst of price gains likely behindU.S. consumer price growth slowed sharply in April as gasoline eased off record highs, suggesting inflation has probably peaked, though it is likely to stay hot for a while and keep the Federal Reserve's foot on the brakes to cool demand.
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