Low demand shutters hotel towers in Vegas

12/15/2009 Mises Wire Douglas French

The same week that MGM’s $8.5 billion CityCenter is unveiled, the Sahara Hotel has closed two of its hotel towers for the holidays due to low demand.

This closure comes on the heels of Binion’s closing its 365 rooms downtown.

October marked the 22nd straight month of declining gaming revenues in Nevada and was the lowest single-month figure since December 2003, when casinos collected $767.4 million.

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