Economic troubles across the country are cause the gaming industry to suffer, which means that finding a Las Vegas job in a casino might not be as easy as it has been in the past. With the rest of the country trying to figure out how much of their life savings in now going toward buying gas, fun in the city of sin isn’t feasible for many at the moment. Although the industry was previously thought to be recession proof, many Wall Street investors are beginning to lose faith.
The average daily share price of most the casinos were lower significantly lower in May than is the usual. MGM Mirage experience one of the highest decreases as their stock dropped 7.01 percent. Las Vegas San Corp shares declined by 4.04 percent and Wynn Resorts Ltd(more…)