As soon as they feel secure in their financial position, then Las Vegas will come back stronger than ever.” Ordinarily Las Vegas was the last to go into a recession and the first to come out. People aren’t spending on gambling as they have in the past.
Goodman said in a recent interview that he was “very bullish on our future,” offering as evidence the packed airplanes he encountered both ways on a recent trip east to appear on “The Colbert Report.”īut, he added: “Our daily room rate average is not what it was. “If you look at the gaming revenues, they have declined and continue to decline over the past three years. Schwartz, director of the Center for Gaming Research at the University of Nevada, Las Vegas. “It’s been in bad shape before, but not this bad,” said David G.
The Plaza Hotel and Casino, which is downtown, recently announced that it was laying off 400 workers and closing its hotel and parts of its casino for eventual renovation, the latest high-profile hit to a city that has seen a steady parade of them.
