[pepsionice]

For any think-tank that would like a vast amount of knowledge about the downturn of Vegas...in a very compact statement...it’s simple.

The town is entirely built on tourism. There is no other industry there. You can talk about food and construction...but they all relate back to tourism. So when a real depression hits...and folks don’t have money for Vegas vacations or gambling, then Vegas doesn’t survive. And if you were living there for the past four decades and think that it can survive in these times, you are wrong. If the economy doesn’t show some recovery by the end of next year...I would imagine at least twenty thousand people will pack up and give up on the city. It’s that simple.

[oldbrowser]

Another point would be the proliferation of indian casinos over the last decade have sapped some of the traffic and the casinos in the far east have done the same with the international travelers.

[ckilmer]

las vegas is also a very big conference center.

all kinds of organizations hold there conferences there.

[Skepolitic]

It doesn’t help when the President disses the Las Vegas convention business, basically instructing business and trade groups to site their conventions elsewhere.