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Originally Posted by FGFan
There was a article in the news that Vegas which is considered recession proof is now feeling the impact. Flights will be down 12% and hotels 18% is what I think they quoted, they are now re-inventing their marketing and appealing to more local business, giving away gas cards, and the convention source has significantly dropped.
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Las Vegas being affected more now than in any previous recession. Casino stocks are taking a hard hit.
Las Vegas Sands down almost 70% off from 52 week high
MGM Mirage down 70%
Boyd Gaming down 73%
Pinnacle Entertainment down 62%
Riviera Holdings down 73%
Trump Entertainment Resorts down 83%
Wynn Resorts down 45%