Economic Downturn Hits Vegas
Wynn Las Vegas picture
“Vegas barreled through previous U.S. economic recessions with no problem, but the current slowdown — marked by home foreclosures and then high gasoline prices — has had a much bigger impact on the gambling mecca than economists expected. And while free rooms and room discounts have kept hotels relatively full — occupancy is down just 1 percent in the year to July — gambling revenue is down 6.5 percent.” [Link]
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