July 6, 2008

Las Vegas is HURTING

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….and is it any wonder?

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For the first time since it’s inception, Las Vegas is reeling financially. Hotels and Casinos across town are dealing with record lows for occupancy and less spending from the visitors that do come to town.

Most pundits are blaming the slowing Vegas economy on raising fuel costs, which is utterly ridiculous. I have no doubt that the extra $100 or so that the average person has to spend per month on fuel is negatively affecting the economy but… the Las Vegas slow down started years before.

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