Monday, May 25, 2009

Vegas in Trouble

CNN is reporting very low travel numbers for Las Vegas year to year and although the economy appears to be stabilizing it's not clear that'll prevent severe challenges to the Las Vegas business landscape. Here are the highlights from this Las Vegas economic story:

  • State unemployment rate 10.4 percent, convention attendance down 30 percent
  • Casino slashes room rates, lays off workers -- including 28-year veteran
  • Mayor Goodman says, "I didn't see this coming," but still optimistic

CNN Reports