Chips are down for Las Vegas
By Matthew Garrahan in Los Angeles
Friday Mar 7 2008 14:55
If any more evidence is needed that the US economy is in trouble, it can be found in Las Vegas, where gambling revenues are falling for the first time since 2001.
The city has been on a roll for seven years, fuelled by increased tourism and domestic spending, with visitors flocking to the new generation of resort casinos that have sprung up along the Las Vegas Strip.
But with belts being tightened across the US, not even the weak dollar and high-spending international tourists have been able to pull Las Vegas out of a slump.
By Matthew Garrahan in Los Angeles
Friday Mar 7 2008 14:55
If any more evidence is needed that the US economy is in trouble, it can be found in Las Vegas, where gambling revenues are falling for the first time since 2001.
The city has been on a roll for seven years, fuelled by increased tourism and domestic spending, with visitors flocking to the new generation of resort casinos that have sprung up along the Las Vegas Strip.
But with belts being tightened across the US, not even the weak dollar and high-spending international tourists have been able to pull Las Vegas out of a slump.