Las Vegas gamble $8.5 billion

In hard times in Vegas with room price cuts due to fewer customers and customers spending less, Las Vegas is placing a big bet, $8.5 billion to be exact on a 67 acre 6 tower complex of hotels and restaurants that opens Tuesday in Vegas. A total of 5,600 rooms need to be rented out and in Vegas there are many room unfilled. This major construction may pull Vegas deeper down into the pit of the recession but may equally pull it out of 2 years of gloom. They are certainly putting all their eggs in one basket but lets hope it pays off for them.

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Tags: las vegas

This entry was posted on Monday, November 30th, 2009 at 1:04 pm and is filed under Land casino news.

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Las Vegas gamble $8.5 billion

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