Las Vegas Economy Outlook For Next Two Years
While more people are being let go at Binions, one local leader is giving his predictions for the economic future of Las Vegas.
KXNT Morning News talks to Steve Brown, Professor of Economics and Director of the Center for Business and Economic Research at UNLV.
Meanwhile, nearly two dozen workers at Binion’s Gambling Hall have lost their jobs due to the sluggish economy. A spokeswoman for the downtown Las Vegas casino says valet parking service has been eliminated, and the employee dining room has been shut down. Workers will now get a voucher for one meal per shift, but the self-parking garage will remain open. Last year, Binion’s shut down the hotel portion of the property as a cost-saving move. In a statement released Monday, the casino said it had to make “difficult decisions” due to the recession, and will “continue to make them” until economic conditions improve. A total of 21 Binion’s employees are now looking for work.