Las Vegas grew up in the 1980s from a purely gambling town to a destination resort attracting families and conventioneers. The city has been hit hard by the recession but is still recovering after years of decline. Now the regional economy is beginning to slow. Many casinos have been laying off workers while thousands of new hotel rooms are being constructed. Designed on 39 square miles of property, the project won't be completed until early next century. David Shulman, a Solomon Brothers economist said that "Las Vegas is an accident waiting to happen. " Efforts have been made to keep Las Vegas from depending so heavily on the gambling industry by permitting interstate banking but those efforts have not been too successful.
Las Vegas grew up in the 1980s from a purely gambling town to a destination resort attracting families and conventioneers. The city has been hit hard by the recession but is still recovering after years of decline. Now the regional economy is beginning to slow. Many casinos have been laying off workers while thousands of new hotel rooms are being constructed. David Shulman, a Solomon Brothers economist said that "Las Vegas is an accident waiting to happen. " Efforts have been made to keep Las Vegas from depending so heavily on the gambling industry by permitting interstate banking but those efforts have not been too successful.