The current financial crisis and collapse will definetly swingback and bite the gaming industry that is for certain. It will be interesting to see how big of an effect this has on the industry I am guessing we head into a 10 year black hole in the gaming industry with huge layoffs in Vegas and Atlantic City.
But that is just my opinion.
The market instability of the past week means that casino projects in need of big money may increasingly be delayed or even shelved.
Signs of distress have been emerging all summer, even as earnings remained strong across the industry.
In June, Australia’s Crown Ltd. backed out of a $5 billion project to build Las Vegas’ tallest tower citing the global credit market squeeze.
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