The effects of the recession on the Las Vegas Strip are “worse than 9/11″, an industry expert has claimed as the world-famous gambling centre posted its WORST fall in takings ever.
Gambling revenues plunged 23 per cent in December, as fewer punters came to visit and those who did spent less, figures released by the Nevada [...]
Feb
12
Recession worse than 9/11 for Vegas
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Dec
11
It’s all gloom as Vegas takings fall for the 10th month
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America’s two biggest gaming centres — Las Vegas and Atlantic City — have been hit by a double whammy of plunging visitor numbers and massive falls in profits.
New figures for October released by the Nevada Gaming Control Board yesterday show Las Vegas Strip casino gambling revenue fell for the 10th month in a row.
Profits for [...]
Nov
24
Memorial visit pays off for Jessica and makes her a millionaire
≡ Category: Casinos, Slots, Travel, Vegas, Weird | ≅ Leave a Comment
A 24-year-old child minder who went on a family visit to honour her gambling-mad granny has scooped £1.6 MILLION on a Las Vegas Wheel of Fortune slot machine.
Jessica Agbunag, was in Vegas with her boyfriend and family in remembrance of her grandmother’s birthday. Her grandmother was a frequent visitor to the Nevada casino mecca who [...]
Nov
19
Casinos face shutdown as credit crunch bites deep
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Independent casinos may not survive the current GLOBAL FINANCIAL MELTDOWN.
That was the grim warning from the leader of the American Gaming Association, Frank Fahrenkopf Jr, who said casinos were facing a double whammy:
BANKS NOT WILLING to support building projects, and
PUNTERS NOT WILLING to spend at the tables.
Fahrenkopf was speaking at the Las Vegas Convention Center [...]
Nov
18
Problem gamers have been there before, says new study
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New figures show almost all problem gamblers have ALREADY suffered from other psychiatric or substance-abuse disorders.
Addiction experts at a top conference on responsible gaming heard that more than 96 PER CENT of those with a pathological gambling problem in their lifetime had other mental health issues.
Nearly all report conditions such as mood-swings, anxiety, impulsive behaviour [...]
Nov
17
Penthouse’s new pet project is a ‘Strip’ joint all of its own
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Men’s mag Penthouse is set to follow its rival Playboy into the gaming entertainment biz by buying a casino.
And the plan is to buy a “fixer-upper” on the Las Vegas Strip — perhaps a casino fallen on hard times — to refurbish and give it a new image.
Penthouse boss Marc Bell says that the magazine, [...]
Nov
14
Lower age limit hopes vanish as politicians pour scorn on the idea
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Casino bosses’ hopes for a cut in the minimum gambling age were dashed yesterday after top politicians gave it the thumbs down.
The idea was floated last week at a Nevada gaming law conference by a top legal adviser to the Las Vegas gambling industry.
But yesterday the leaders in both houses of the Nevada State Legislature [...]
Nov
13
11,000 jobs go as casino chain faces up to debt repayment crisis
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A struggling casino chain has announced it is CUTTING 11,000 jobs to try to reduce its debts.
Las Vegas Sands — which has told U.S. watchdogs it will be unable to meet loan repayments due later this month — is making the cuts in Macau, the island territory which is the only place in China where [...]
Nov
10
Las Vegas casino bosses want the legal gambling age SLASHED from 21 to 18 in a bid to boost flagging revenues.
Vegas is being squeezed by a dual onslaught of economic meltdown and internet competition with even big names like Las vegas Sands edging towards bankruptcy.
Now an attorney for local casino chiefs has asked state gaming [...]
Nov
7
One of the biggest names in the casino business is staring collapse in the face, it was feared last night.
Shares in Las Vegas Sands crumbled by more than A THIRD after the one-time high-flying casino company said it was unlikely to be able to pay it debts.
Bosses at Sands yesterday told regulators that if it [...]