Las Vegas grew up in 1983 from a purely gambling town to a destination resort attracting families and conventioneers. While the gambling industry boomed, builders transformed the Las Vegas valley into housing developments attracting residents from around the country almost doubling the population. Now the regional economy is beginning to slow. Many casinos have been laying off workers while 2,000 of new hotel rooms are being constructed. But there may not be Stephen Wynn , a Stardust economist said that " Hilton 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 1983 from a purely gambling town to a destination resort attracting families and conventioneers. While the gambling industry boomed, builders transformed the Las Vegas valley into housing developments attracting residents from around the country almost doubling the population. Now the regional economy is beginning to slow. Many casinos have been laying off workers while 2,000 of new hotel rooms are being constructed. Stephen Wynn , a Stardust economist said that " Hilton 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.