Downtown may lose a casino or two, analyst says

Spillman, Benjamin
December 2008
Las Vegas Business Press (10712186);12/1/2008, Vol. 25 Issue 48, pP4
The article discusses the Annual Nevada Gaming Abstract Report made by financial analyst Frank Martin on the downtown casinos of Las Vegas, Nevada. Report based on the fiscal year 2007 reveals a foreseen $71 million decrease in gambling revenue and 30% decrease of casino workers to 11,946 from the 17,098 figure in 1999. Martin notes that the diversity of casinos in the area may drive one or two casinos to close down. The article suggests that the closure of one casino may have a ripple effect on the whole industry.


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