Global decline in consumer spending will hit gambling industry in 2009 but 2010 forecast as year of recovery.
The pressure on the U.S. gaming industry is expected to continue through 2009, with a recovery forecast for 2010, according to global credit ratings agency Fitch Ratings.
Fitch is forecasting the biggest economic decline suffered by the world's major economies since World War II.
The company expects U.S. consumer spending to decline 1.6 percent in 2009. This is likely to have a heavy impact on the gambling industry, which has already suffered more than many investors predicted during the 2008 financial crisis.
Although it's not all and gloom as gambling operators brace themselves for the year ahead and prepare themselves for more prosperous times ahead.
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