Do Vegas right now. While it was witty, the ad irked Vegas regular Tania Franco of Atlanta, whose husband was recently forced to take a pay cut at his job. The message is Don t think about how crappy your economic situation is, just come to Vegas, damn it.Recession Strikes Las Vegas - ABC News
What s leaving Las Vegas more susceptible to this economic crisis than to previous ones? Diversification. Roughly 60 percent of the Las Vegas Strip s revenues now come from nongaming activities. By contrast, in 19, when the last comparable slowdown occurred, nongaming activities provided just 42 percent of overall revenue.Las vegas recession deals
We ve done this for the past nine years. Even after 9/11 we all came. But this year s it s just us. This recession is really hurting everyone. . It s even hurting the city of Las Vegas, the economy of which was once thought to be impervious to the economic swings suffered by the rest of the country.Las vegas recession deals
On the third weekend of every April, Emily Ann Frankston and her familyspread out over five statesmeet up in Las Vegas for their annual family vacation. This year was different. The only ones to show up were Frankston, her husband and her brother-in-law, and they stayed just two nights instead of the traditional three.
And while construction continues on the half-built 3 billion Cosmopolitan Resort and Casino next to the Bellagio, the project may be in jeopardy after developer Bruce Eichner s company defaulted on a 760 million loan from Deutsche Bank.
We made a structural change in our company to become more efficient and provide the same level of service, but we did have to advance that effort because we were also seeing a softening in the marketplace says MGM Mirage spokesman Alan Feldman.