Australian Gambling Operations Set for US setback (September 18, 2008)
AUSTRALIA - Aristocrat, the land based poker and slot machine makers and gambling giant Crown (owned by James Packer) are set to be hit by the downturn in the US economy it was predicted by gmabling experts yesterday.
Las Vegas has been seriously hit by the failing US economy, with revenues in some casinos doen by as much as 50%, dispoving the theory that gambling was recession proof.
Crown and Aristocrat both have significant interests in Vegas and as a result are likely to feel theeconomic effect.
