There are many cities across the country that are beginning to see the first glimpses of the end of the recession. Las Vegas is not one of them.

* Video "Is Las Vegas Collapsing ?" : http://www.youtube.com/watch?v=yIf70VN5vE0

* New York Times

the recession should be the least of there worries , i would say all the reservoirs going to run out of water in a few years being far more of a major problem .

tell that to its stock

Sounds like a good time to go

Is this random hippie talk or are there sources discussing this problem?

I know Las Vegas wastes a ****load of water though, 6x the average use of where I live, and we waste tons too .

About ****ing time. That place lighting up like a Christmas tree every night yet apparently global warming is caused by me and my TV on standby.

panasonic should make flat panels with built in wind turbines

Is there some basis for this statement:

"'Internet gambling appeals more to addicted gamblers than people who are seeking a casino experience.'"

I would think the opposite is true.

Why would you think the opposite? I would think that addicts would embrace a device that allows you to gamble from the comfort of your couch at any time of night or day. Lower rake, more tables = more adreneline, ability to find any game that suits their degeneracy...I think it's a no brainer.

The average Joe goes to Vegas once a year (some with their family and some with their buddies) so that they can experience the bright lights and the endless booze knowing that they're probably going to blow their entertainment budget.

Maybe I'm wrong. What's the other side of the argument?

this guy should have taken some notes before making the vid ... sounds like he is thinking about all his facts while talking

They should turn vegas into a huge theme park. Theme parks never lose money man, rollercoasters and ****.

That's just variance.

haha nice one- thats a line from Lee Evans folks

I didn't read the article, but I did watch the clip. I think they're right in saying this is the worst economic situation Vegas has faced, but I don't think the forecast of further gloom and doom is going to come true. Tourists are starting to pour into Vegas like they did before the economy crashed in '07. Gaming revenue was not only up last month, it was way up. This is great news for the underemployed, as increased casino business will lead to increased hours for the hordes of Las Vegans employed part time in the casino industry. Not everything is rosy, North Las Vegas just had to lay off a bunch of police officers, but as long as tourism revenue keeps growing more and more people will be able to find work.

I expect Las Vegas to resemble a post-apocalyptic Mad Max city in another decade or two. I would strongly encourage anyone reading this who understands what is coming to Las Vegas, Phoenix and other poster children for unsustainable growth in America to get out ASAP. The combination of economic collapse, changing climate (not enough water for Hoover dam, etc.) and spiraling energy costs will make these places uninhabitable. They are so far out of ecological balance that only incredible inputs of energy and capital allow them to exist. As those inputs go away so will the populations, but you'll want to get out now before things go totally Mad Max.

This is well documented in Steven King's The Stand.

urban planners itt

Link? (not being a wise-ass, really want to read about this)

what are we supposed to feel bad or something? they make billions a year for decades, mostly on the back of degens and idiot tourists, and now they aren't making so much.

oh noooo!

From Investor's Business Daily:

M..O..O..N spells Mad Max

My life for you...My life for you...My life for you

dude in youtube video is terrible.

well, the times article says this: "After months of precipitous decline, revenues increased 3 percent in the first quarter of 2010, but then dropped 5 percent in the second quarter, according to the Center for Gaming Research."

And that Investors Biz Daily link implies that casinos are booking more conventions, so this just seems to be padding numbers? still, 21% and 12% are really big jumps, hopefully some of it sticks.

There must be a lot of rich players coming to Vegas from Asia because the Aug. revenue report showed a massive 47% increase in Baccarat revenue to $160 million.

Maybe China's strong economy will help save Vegas....