Atlantic 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.
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