Thursday, May 10, 2012

Daily Vegas News Round-Up - May 10

March Gaming Numbers, Monorail Emerges from BK, Brown Haze over the Valley and More


March gaming numbers down big despite uptick in visitors
The Nevada Gaming Commission released the numbers for March and they weren't pretty. The Las Vegas Strip was down 14.91% from last year and the state as a whole was down 10.86%. This despite visitor numbers showing continued improvement. Total visitors were up 3.7% and hotel occupancy was up 1%. The main culprits seem to be a terrible run for Baccarat, being down over 50%, and a big convention last year that only occurs every 3 years. Still, the numbers takes some of the wind of the Vegas recovery talk.

LV Monorail emerges from bankruptcy
The long struggling Las Vegas Monorail that runs from MGM Grand to the defunct Sahara, is ready to exit Chapter 11 after a judge approved their reorganization plan. Since opening in 2004, the Monorail never came close to reaching its ridership projections.

Brown haze over valley leads to warnings
A brown haze has settled over the Las Vegas Valley causing health warnings to be issued. Believed to be caused by a dust storm in Arizona, visibility is down to near zero.

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