Saturday, September 27, 2008

Vegas, Bingos, Gambling Industry Still Reeling in this Economy

Sue Garrett, in Las Vegas for a birthday party earlier this month, went to what she considers extraordinary lengths to hold down the cost of her trip.

"We decided to sit through one of those blasted timeshare presentations to get a free hotel room," said Garrett, who lives in Los Angeles. She turned down the timeshare but earned herself and her husband a stay on the Las Vegas Strip for her trouble.

Similar stories are heard all over Las Vegas these days, where resorts are discounting and even giving away room nights just to attract enough people to keep their roulette wheels and slot machines spinning.

Vegas barreled through previous U.S. economic recessions with no problem, but the current slowdown -- marked by home foreclosures and then high gasoline prices -- has had a much bigger impact on the gambling mecca than economists expected.

For the complete story, please see Unexpectedly, Las Vegas Hit by U.S. Downturn Javno.com, September 23, 2008.

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