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Casino Development
Posted in Internet Poker Articles on Sunday, March 29. 2009
The casino resort development boom could just implode along with the current global economic crisis, as the capital-intensive grapples with a dry spell that potentially could last for years.Even the gambling havens of Las Vegas and Macau were not spared, as many luxury projects there have been canceled or indefinitely delayed.
Many casino owners and resort developers are now struggling as recession-hit consumers and businesses cut back on extras like vacations and travel.
Certain operators are bucking the trend though, with Singapore's first and second casino resorts on schedule to open this year. Other Asian nations like Taiwan are considering making similar strides into the casino sector. British company International Leisure Development unveiled plans to create a new "destination" city in Spain's Aragon Desert.
Whether these gambles will eventually pay off remain to be seen.
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