Is Las Vegas housing a deal? - Page 2 - Las Vegas Lifestyle Forum - Las Vegas Entertainment and Living Information

State gaming revenues (obv most is Las Vegas)

2010 $10.4 billion
2009 $10.4 billion
2008 $11.6 billion
2007 $12.9 billion

That's despite significant new capacity (Palazzo, Encore, City Center) coming on-line. Non-gaming revenue has fallen by even more.

Venetian is making less money as Venetian + Palazzo combined than it was before Palazzo opened as just the Venetian only. Same for Wynn + Encore.

http://gaming.nv.gov/gaming_revenue_rpt.htm

Last edited by ClarkNasty; 01-31-2011 at 03:18 PM.

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01-31-2011 , 03:14 PM

#27

MSchu18

Carpal \'Tunnel

Join Date: Sep 2009 Posts: 17,469

I love that site... specially the Chip release category.

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01-31-2011 , 03:59 PM

#28

ico2525

banned

Join Date: Oct 2010 Posts: 814

Plenty of great deals. The condo I live in off of Flamingo near McLeod was purchased for $170k in the fall of '05. It is now a short sale. I'd offer $34k on the place. The realtor who like nearly all realtors thinks very highly of herself and the real estate she lists is listing the place for $49k. It has been on the market for over 2 months.

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01-31-2011 , 04:30 PM

#29

WadeSide

newbie

Join Date: Jan 2011 Posts: 19

when i was working on my masters there was a phrase i heard

"when there is blood on the streets, buy real estate"

home prices here in vegas are where they were at in 1995....

it is a buyers market in vegas.... if you can hold the home for ten years
there is no doubt you will have equity