That number is bound to worsen as internet gaming dependency grows. Recent research from a number of European countries shows that the proliferation of internet gaming has, as a start, resulted in a 20 percent decrease in visitation to the land-based casinos in those countries. So while the impact on my company’s business would be limited, the hit on other commercial casinos, Native American casinos, and racetrack-casinos across the land could be substantial and even lead to their eventual demise. Finally, almost all our casino profits come from Asia, where online gambling doesn’t exist and won’t be legalized soon, if ever. Second, our company makes twice as much money from our non-gaming attractions in the United States than we do from our casino operations.
Having started more than 50 different successful businesses over the course of my nearly seven decades- long business career, I’m not afraid of competing with anyone. First, with our popular brands – like The Venetian – we would be very effective competitors in this market place.
