Las Vegas is dead?
potheadpl
Florida
According to Pravda:
http://theeconomiccollapseblog.com/archi…
If this is true, the SC scene should be hopping right now. Lots of girls in fiancial distress. LOL
http://theeconomiccollapseblog.com/archi…
If this is true, the SC scene should be hopping right now. Lots of girls in fiancial distress. LOL
11 comments
Las vegas at least diversified before this recession so not all of its income depended on gambling and high rollers.
If you want a measure for the Vegas economy, keep an eye on the recently completed City Center project. It cost MANY billions, and sales have been anemic, to say the least.
Just have a look at casino stocks (e.g. MGM, LVS) for a sense of how likely a rebound in Vegas is.
Vegas will change to keep existing, I think it could potentially be the next "amsterdam" since they are slowly killing what the Amsterdam is famous for.