Meanwhile, The Lion King was a great hit on Disney s cable TV channel. It s this sort of re-use that holds the real profit potential in movies. Gambling Americans seem to have a never-ending desire to be entertained by games of chance. Meanwhile, tens of millions of Americans buy lottery tickets from state-sponsored games each week. In fact, gambling has become an extremely competitive business.
Consumers now have a wealth of choice in when, where and how to gamble.
Gamblers may think twice about flying to Las Vegas for a weekend when they can easily drive to a riverboat casino near Dallas, Chicago or wherever they call home. Mergers, acquisitions and consolidations are going through the casino industry at a rapid pace. MGM Grand now has 18 casino properties on three continents. The new company will be known as MGM Mirage. Las Vegas, the gambling capital of the United States, continues to aggressively add hotels and rooms.