Las Vegas suffering like never before

  • Article by: ADAM NAGOURNEY , New York Times
  • Updated: October 2, 2010 - 6:03 PM

Gambling revenues have hit the skids, accompanied by the collapse of the construction industry. Confidence that the return of tourists will revive the city and the state is absent.

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larryy9Oct. 2, 10 6:39 PM

the casino's loose,instead of the gamblers. All states casino's are so tight...who can afford to loose after every visit.

jk12345Oct. 2, 10 8:26 PM

Yet, all of the sheep in Nevada keep voting for Harry Reid. Amazing!

mstappOct. 2, 10 8:34 PM

All of these stories are sad, personal family tragedies. We are thankful we have leadership like Harry, how bad would the economy be without him? We vote in 31 days, and we promise we're going to let him know what we think of him.

fenderu2Oct. 2, 10 8:35 PM

Unfortunately for Vegas, this is a GREAT THING for the country. People are not financing their vegas trip and gambling with what they thought was their home equity. They overbuilt the city thinking there was unlimited demand for condos. Kind of ironic that the city that knows how to set the odds in their favor, totally misread the risk involved in the housing industry. I took a tour of city center and the arrogance of the sales people was ridiculous. How dare I question paying $400,000 for a 600-800 sq ft condo. What a joke. I bet the guy in the article from the Visitors Authority who says "we need a real thoughtful, deliberate plan to rebuild the economy" really means let's get some taxpayer money to prop up the local economy. Sorry Vegas, if I go bankrupt at your table, I don't get my money back and you don't care. So, when you have no customers, spend WAY too much money building Taj Mahals that you can't pay off and go bankrupt, I don't care. And you better not go looking for someone to bail you out with our tax dollars. You are going to have to get used to the new normal AND LIVE WITHIN YOUR MEANS. It may sound like I hate Vegas, but I really like it. It's a great place for a 4 day trip. Eventually it will come back, but it may take 5-10 years.

hfnorthOct. 2, 10 8:39 PM


sjfellegyOct. 2, 10 8:44 PM

casinos have had to have a major impact on Vegas as well.

w22222Oct. 2, 10 9:09 PM

why give money to the natives? Do not go to indian casinos. They have a monopoly and they get free money every month.

jack64Oct. 2, 10 9:19 PM

Go to the polls on November 2nd and start the recovery.

t87682Oct. 2, 10 9:22 PM

Unless your willing to fly or drive big miles, your options are limited. The native casionos aren't bad. You win some you lose some. Of course, Vegas odds are better but you have to get there. Get some legislation going if you want a casiono elsewher, like Canterbury. Until then, deal with it.

fmuldarOct. 2, 10 9:26 PM

Hearing that from a former "Mob Lawyer" is not very comforting---let him go down too any unemployment office & tell that too the 14.7% standing in line--if He has the guts! which I doubt---this guy has a job!--so wht does He care?


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