Steve Wynn says that although room rates are still down and and that visitors are still spending less, but that the percentage of occupied rooms is up.
The global recession had pushed the revenue in Las Vegas down about 20%, but Wynn says that,
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"I see Las Vegas continuing to be a resort destination for the world."
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The past 7 months had found a drop in revenue in Vegas, but hopefully, that is a done deal and the revenue will start to climb. And with Bernake saying that there may be an end to the recession this year, it just may be that revenue in Vegas will begin to and continue to climb.
05-05-2009, 04:00 PM
Is the situation in Las Vegas stabalizing?
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