Economy/Business question

[GPK]

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.

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%