Michael Pollock: “I do not believe US casinos have anything to fear from inflation”
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The modern casino industry in the US was born in 1978. The industry grew dramatically, but that does not constitute a roadmap for the near future. In the current environment, casino operators will have to grapple with higher costs.
Michael Pollock is the MD of Spectrum Gaming Group. He believes that US casinos have nothing to fear from inflation. The industry grew dramatically in the 1970s, but it did not grow in a period of inflation and recession.
Michael Pollock does not believe US casinos have anything to fear from inflation.
The US economy is recovering from a pandemic. Employment is increasing and retail sales are up. The stock market is at new highs.
3. Retail sales in the holiday season are an important indicator of the level of disposable income.
As consumers feel wealthier, they tend to spend more. This works to the benefit of industries such as gaming.
