How bad are things in Vegas?

[Valuist]

A random check of today's Las Vegas Sun and its hard to imagine things being worse there:

http://www.lasvegassun.com/news/gaming/

[Lefty]

Yeah, all that and more. Bally's closed their Sports Book fer gosh sake.

[Greyfox]

With 1,000's of Casino employees in jeopardy of losing jobs, will Obama stimulate the gambling industry?

[Tom]

I would think there would be a line on him.

[RaceBookJoe]

Things seem tough here for a lot of people. Last week the huge MGM City Center project was on the brink of going under...but got saved for the time being. Had it gone under....8000 workers would have lost their current jobs, and the 12,000 future jobs would have vanished. My community has about a dozen homes up for sale. rbj

[ddog]

With 1,000's of Casino employees in jeopardy of losing jobs, will Obama stimulate the gambling industry?


yes, they already are.

think fasb and the Timay plan.

if you don't think that is just what they are doing then get another thread.


sometimes i have to wonder....are noses really that big around here.

[Lefty]

Yeah, Obama's a big help. Remember when he told big business not to hold their business meetings in Vegas. Many cancellations. Big help. Thanks, Mr Prez.
dog, explain the 2 plans mentioned or a link, please.

[ddog]

Yeah, Obama's a big help. Remember when he told big business not to hold their business meetings in Vegas. Many cancellations. Big help. Thanks, Mr Prez.
dog, explain the 2 plans mentioned or a link, please.


Lefty

Fasb is the account standards board, it seems they will allow holders of Vegas debt to "account" for their holdings using their "best judgement" as to the future value of same, thus banks should be able to re state their holdings on the properties , etc; in Vegas to make them look good on the books and all over creation for that matter. That takes the heat off the banks, makes them look good and thus the banks are able to float more against Vegas and /or postpone any actions since we all know the Vegas assests are a cash flow positive , right? Right-o.


Timmay - the same , just using more taxpayer money to make the gvt the bagholder for bad assests , to clear those things so banks and other lenders can get back to lending again. Yippeeee!!!


presto chango, everythings great, people go back to living large on the card and all is right with the world.


up up and away baby!!!!!!!!!


free money for all. BUT , the chicks are never "free"!

;)

[ddog]

Yeah, Obama's a big help. Remember when he told big business not to hold their business meetings in Vegas. Many cancellations. Big help. Thanks, Mr Prez.
dog, explain the 2 plans mentioned or a link, please.


on the cancels, any business that didn't draw in the horns in the last year is nuts , with or without the bama , that was going to and had to happen.

it's a tempest in a tea pot in the large scheme.

[NJ Stinks]

Yeah, all that and more. Bally's closed their Sports Book fer gosh sake.

Really sorry to read this.