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Las Vegas crossing fingers for recovery

Mon Nov 16 12:51:00 -0500 2009

MarketWatch (Las Vegas, NV)

- The hard data points are at best mixed, but as the casino industry gathers for its annual Global Gaming Expo here this week, operators are seeing glimmerings of hope that the worst - at least for this downturn - may finally be over for suffering Sin City.

“Our view on Vegas is that it is not so much the return of [gambling revenue] but a room rate recovery scenario that will drive growth,” said Christopher Jones, an analyst with the Telsey Advisory Group. “They have to get the midweek customer, the conference customer, back.”

To view the full article, download the PDF here: MarketWatch, November 16, 2009