Nevada enjoyed a monopoly on "What happens in Vegas, Stays in Vegas" and erected marginal state services based mostly on a single 'industry.'
Confronted with market saturation, competition, a recession and consumers more willing to save their money than feed reverse ATM machines to enrich the already wealthy and reluctant to indulge in the glitz, Nevada faces catastrophic problems not easily resolved.
Confronted with market saturation, competition, a recession and consumers more willing to save their money than feed reverse ATM machines to enrich the already wealthy and reluctant to indulge in the glitz, Nevada faces catastrophic problems not easily resolved.
As a state owned and operated for and by the Industry, it will be interesting to see if leaders step forward with ideas and solutions to move the Gambling State forward into the future.
HINT: The solution isn't Gambling.
Nevada needs the courage to change its troubled visitor industry
The problems of Nevada's No. 1 industry are just as serious as those in New Jersey, maybe more so because gambling provides a larger portion of the budgets of Nevada's state and local governments than New Jersey's.
Last week, the Nevada Gaming Control Board reported that casino revenues in Washoe County fell again in 2010 -- by 4.3 percent. After a decade in which the area's casinos took in more than $1 billion annually, they been below that mark for the past three straight years. The 2010 total of $770.5 million was the lowest in more than 20 years.
As a result, Nevada has the highest unemployment rate in the nation and Nevadans are still waiting for the first signs of a recovery that residents of many other states already are enjoying.
HINT: The solution isn't Gambling.
Nevada needs the courage to change its troubled visitor industry
The problems of Nevada's No. 1 industry are just as serious as those in New Jersey, maybe more so because gambling provides a larger portion of the budgets of Nevada's state and local governments than New Jersey's.
Last week, the Nevada Gaming Control Board reported that casino revenues in Washoe County fell again in 2010 -- by 4.3 percent. After a decade in which the area's casinos took in more than $1 billion annually, they been below that mark for the past three straight years. The 2010 total of $770.5 million was the lowest in more than 20 years.
As a result, Nevada has the highest unemployment rate in the nation and Nevadans are still waiting for the first signs of a recovery that residents of many other states already are enjoying.
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