The Las Vegas economy had limped along for several years, causing civic leaders to wonder when, or if, better days were ahead.
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Michael McClendon, a poker room supervisor at the Sahara, wasn’t surprised when he was called into a meeting at 7:30 a.m. with other employees and was told the nearly 60-year-old Strip resort would cease operations in May.
McClendon, who recently celebrated 25 years at the casino, said the announcement Friday shouldn’t have been unexpected.
An eerie, disturbingly uncomfortable hush fell over the audience Friday at Preview Las Vegas 2011 after speaker Jeremy Aguero finished his tale about the rise and fall of a great economy.
An anonymous gambler hit the Megabucks jackpot Friday at CityCenter’s Aria, winning almost $12.8 million. The winner had played $6 in a Megabucks slot machine at Aria when the jackpot hit.
For the second time in consecutive days, a gaming company has donated thousands of dollars to the Salvation Army after its headquarters were burglarized of $13,000 last weekend.
Analysts, casino executives and politicians emerged from opening night at The Cosmopolitan of Las Vegas with generally positive impressions of the Strip’s newest hotel-casino even as gambling continued early Thursday morning.
For several years as the economy soared Las Vegas-style, obtaining financing for a business often involved little more than signing a home equity line of credit.
