Las Vegas Saving Grace

There really is a lot of hope placed on the big project started by both MGM Mirage and Dubai World.  In fact, this big project is being seen as the saving grace of Las Vegas, which, as we all know, has been hit the hardest by the recession.  The city is now crippled by half-finished buildings, closed casinos, high unemployment rate, low real estate market, and a whole lot more, but, as stated above, they have one big hope that could at least put things to right, and this is the City Center. Read more

Las Vegas Fights Against the Recession

Who would have thought that Las Vegas, considered as the recession-proof Sin City, would have been one of the hardest hits by the global financial crisis?  But sadly, this seems to be the case as Las Vegas was proven to be vulnerable to the recession after all as half-finished buildings and closed casinos dot the city.  Aside from this, its real estate market, which used to be a strong industry, has slowed down a great deal. Read more

CityCenter to Offer Lower Prices for Its Condos

Las Vegas, once considered as recession-proof, is now feeling the brunt of the recession as more unfinished buildings are left standing, waiting for investors and buyers to put up the cash and finish the construction.  But it seems like this is but a dream as more and more companies are folding and filing for bankruptcy in the recession-hit city.

There is hope though, and that is the MGM Mirage’s CityCenter. Read more

Las Vegas Slowing in Momentum While the Far East is Gaining Its Ground

It is a sad thing to see Las Vegas like a crippled man, what with its unfinished hotels and casinos.  It is also not a surprising thing to see less people crowding the casino tables, and those that do visit the casinos are not dripping diamonds either.

A Myth Busted

Whoever said that the gambling industry is recession-proof was proved to be false.  In fact, this industry is now beginning to be one of the hardest hit industries during these trying financial times. Read more

What’s Happening in Las Vegas?

Famous casinos in Las Vegas are experiencing the effects of the recession right now, and this fact cannot be hidden, especially since prices for rooms are down to compensate for their losses.  Although the recession is dealing such painful blows to the casinos, tourists to the City of Lights are finding this a sweet blessing.  That is, if they have the money to burn in Las Vegas. Read more