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Porsche-O-Phile Porsche-O-Phile is offline
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Join Date: Feb 2004
Location: A Rock Surrounded by a Whole lot of Water
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With a weak dollar, Vegas is very attractive to foreign tourists. One reason it will do well in this recession. I don't think it'll BOOM, but it'll do okay. The casinos may or may not do okay - they're being undercut by a lot of Indian gaming in key markets (Kramer has been saying to short them for a long time, although personally I think that's a bit of a pessimistic position). The casinos will do okay, the hotels will do okay and the entertainment venues will do okay. They won't be way in the black, but they'll survive. Unless fuel/airline costs make it prohibitively expensive for people to come here from Europe, Asia and elsewhere. . . Which is a possibility.
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Last edited by Porsche-O-Phile; 06-07-2008 at 09:22 AM..
Old 06-07-2008, 09:20 AM
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