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Article: Las Vegas Casinos Still Not Fully Recovered from Effects of Sept. 11, 2001.
- Article from:
- Knight Ridder/Tribune Business News
- Article date:
- September 7, 2003
CopyrightCOPYRIGHT 2003 Knight-Ridder/Tribune Business News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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By Jeff Simpson, Las Vegas Review-Journal Knight Ridder/Tribune Business News
Sep. 7--Almost two years after the Sept. 11, 2001, terrorist attacks jolted Las Vegas' tourist based-economy, the city's casinos have yet to fully recover, industry insiders said.
Strip casinos only in the past few months began generating gambling revenue numbers equal to or better than pre-9-11 results, sacrificing a couple of years of growth if preattack trends had continued.
A sluggish national economy, the dot-com bubble-burst and the related stock market slide multiplied the effect of the terrorism-related travel decline, sucking the growth out of the Las ...