Posts Tagged ‘Las vegas’

What Happens When the Vegas Bubble Bursts?

Saturday, July 10, 2010 13:00 2 Comments

Certainly, the hotels and casinos go away, and the buffet lines get shorter, but also this: The ignoble race to the bottom of the jobs market has officially bypassed the car-making mecca of Michigan and made its way to Nevada. The Silver State, once the country’s fastest-growing job market, has become the nation’s worst performer. [...]

This was posted under category: Boom-Bubble Phenomenon Tags:

Exciting News: Las Vegas Gets the Depression Memo

Monday, October 5, 2009 10:43 2 Comments

An excerpt from the Wall Street Journal article today: By this spring, MGM Mirage stock had lost 98% of its value and Las Vegas Sands stock had fallen 99% from its peak. …Gambling revenue in Las Vegas this year was off 13% through July compared with the same period a year earlier, while visitation was [...]

This was posted under category: Economics Tags: ,