America’s wheel of fortune is spinning again

Revenue is on the rise and doubtful debts are down at US casinos. It may be just one indicator, but it’s a good sign that American consumers are getting ready to blow their dough.

Trying to assess the health of the US economy based on economic indicators can be like spinning the wheel of fortune. Reports are released, usually monthly, on everything from gross domestic product to housing starts, the consumer price index to the unemployment rate. But those reports can often tell different stories about how well the economy is tracking, depending on which one you land on.

One rarely used indicator that was dusted off this week is gaming revenue and the amount of bad debt that casinos allow for every year.

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