Las Vegas Feeling the Crush of Wall Street
Bryce Longton
October 10, 2008
Gamblers are gambling less in Vegas these days. For a city built on the two-pronged fork of tourism and hedonism, Sin City is feeling the pinch of the collective consumer budget tightening. Hotel construction is at a lull, with the Echelon on hold, and with the plug being pulled on the billion-dollar Elvis-themed resort, the neon brights of Vegas are winking just a bit. The upside to all this: Hotel prices are dropping faster than the Dow. Check out the discussion here.
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