CASINO

Las Vegas revenues join Atlantic City in downward spiral

TAGs: Las Vegas, Nevada, revenue

Las-Vegas-Downward-SpiralAtlantic City went public with its declining revenue figures earlier in the week, now it’s Las Vegas’ turn to air its dirty laundry – and the holes in its boxers are appalling. Casinos on the strip saw revenues decline by 7.6% — the biggest single monthly drop since October and the third largest decline ever. Overall, Nevada casino revenue fell 6.7% for the month, leading one casino bigwig to note: “There is too much supply in the market right now.” Gee, ya think? Read more.

Comments

views and opinions expressed are those of the author and do not necessarily reflect those of CalvinAyre.com