Analyst: Las Vegas Rates Down on New Year's Eve

LAS VEGAS (AP) - A JPMorgan analyst says that New Year's Eve room rates at Las Vegas casino resorts appear to be 27 percent lower this year, marking another sign of weakness for the city's gambling market.

Based on a weekly survey of Las Vegas Strip room rates, JPMorgan
analyst Joseph Greff said the average daily room rate for Dec. 31
fell to $341 this year, from $466 last year.

He noted that New Year's Eve, a key event for Las Vegas casino operators, falls on Wednesday this year, compared with Monday last
year.

(Copyright 2008 by The Associated Press. All Rights Reserved.)


Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
KOLO-TV 4850 Ampere Drive Reno, NV 89502
Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 35756284 - kolotv.com/a?a=35756284
Gray Television, Inc.