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Report Predicts Growth For Vegas Strip

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File photo of Las Vegas. (Credit: Ethan Miller/Getty Images)

File photo of Las Vegas. (Credit: Ethan Miller/Getty Images)

tate south Tate South
Email Tate at tate.south@cbsradio.com
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(Las Vegas, NV)  —  Las Vegas Strip resorts could see growing revenues next year.

A forecast by brokerage firm Newmark Grubb Knight Frank predicts Sin City resorts will see a revenue jump of more than 5% in 2013, if lawmakers avoid the “fiscal cliff” on taxes and spending by the end of the year and if the country doesn’t slip into another recession.

Other factors that could affect growth include Las Vegas’ convention industry, demand for hotel rooms, and whether the Chinese economy’s performance will affect high-end baccarat players.

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