Finance experts speaking at the Global Gaming Expo this week have commented that the big name casinos have little to fear from the credit crunch caused by the mortgage crisis earlier this year.
Jeffries and Co. gaming head Steve Croxton, said that the credit downtown was "not terrible compared to previous cycles".
The falling value of the dollar was also cited as offering financial opportunities that were sufficient to offset the crunch - "With the dollar down, America is on sale," D'Arrigo said. "We get offers every day from overseas seeking to be joint venture partners."
Casinos based in Las Vegas are protected from much of the financial issues at the moment, with the current refurbishing of the Strip causing an increased interest in the land – parts of the strip are reaching $37 million an acre at the moment.
The mortgage crisis is having an impact on spending for Vegas locals; however tourism to Las Vegas is increasing at the moment, as foreign visitors are lured in by the publicity of the new developments on the Strip, and the favorable exchange rates.
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