Sunday, April 23, 2017

Gambling ain't what it used to be

From Las Vegas average is over no arbitrage condition by Tyler Cowen.
Casinos on the Strip now derive a smaller share of revenue from gambling. In 1996, more than half of annual casino revenue on the Strip came from gambling. Last year, the share was down to about a third, according to the University of Nevada-Las Vegas. More of the revenue comes from hotels, restaurants and bars.

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