Las Vegas Casinos facing problems.

[IluvVegas]

MGM Mirage may default on debt on the $8.9B City Center project in Las Vegas.

Fountainbleau in Vegas may have to choose between defaulting on their construction loan or selling the new hotel at a much lower price than what it is worth.

With the economy being what it is, fewer people are giving up their cash to gambling, and taking the trip to Vegas and therefore Vegas Casinos just dont have the revenue coming in right now that they have had.

Hopefully things will start picking up again so that construction can be completed and there will be no need for anyone to default on construction loans.