“Down on Its Luck” – Is this just Vegas, or the whole gaming industry?

Vegas…hurting? Read the whole thing – it’s short.

Will the planned room expansion be further hampered by the tightening of lending standards for hotel financings, or is that effect already being seen?

And how does slippage in the formerly recession proof city effect the gaming industry as a whole (i.e. folks like International Game Technology and former darling Shuffle Master)? While there is plenty of gaming outside of Las Vegas, Tropicana is filing for bankruptcy (they’re based in Kentucky and have ops in Mississippi and Louisiana) and I’ve even heard that revenue is down in Colorado casinos (although they might be blaming it on the smoking ban).

With their chips down, will people still be rolling the dice?

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