Submitted by admin on Wed, 09/04/2014 - 23:31
Taking the ‘Sin’ Out of ‘Sin City’: Has Vegas Lost Its Gambling Mojo?
More people than ever are jetting out to Las Vegas, but city-wide gambling revenue is falling. Sam Miranda investigates…
It seems that gambling may no longer be the backbone of the Las Vegas economy. While current tourism figures are healthy, visitors are spending less overall and fewer punters are hitting the casinos. According to the Review Journal, Las Vegas hotel occupancy in July 2013 stood at 90.6 per cent – a new record. However, Nevada gambling revenue reported a $1.35 billion net loss in 2013, the fifth straight year of losses.
