Monday, October 05, 2009

Vegas Casinos Fold on Expansion Plans - WSJ.com

Vegas Casinos Fold on Expansion Plans - WSJ.com: "LAS VEGAS -- After a six-year building frenzy that transformed this city, casino companies are shifting strategies dramatically toward slower growth, paying down debt and cutting back on spending.

Many casino executives don't expect to break ground on another major building project in Las Vegas for at least 10 years."

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Think about how many jobs these projects create, then consider the consequences of not having them.

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