IS THE UPSWING IN LAS VEGAS GAMING SUSTAINABLE?

Gambling entertainment companies–casinos and racetracks in the United States–were greatly affected by the recession and were then impacted by the tepid pace of recovery.  The latest results for Las Vegas show signs of improvement.

However, there is talk by experts of another recession or at least a continued slow-growth crawl. Federal Reserve Chairman Ben Bernake acknowledged yesterday that the economic outlook is not good and hence he pledged to keep interest rates low through 2013.

Click here to read a CNBC article titled “Gamblers Return to Las Vegas, But for How Long?”  You may in particular want to listen to the brief video interview with Gary Loveman, the CEO of Caesars Entertainment. The judgment here is that he is the best top executive in the gaming industry.

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