Researcher: Gambling industry to trail US recovery

UNLV researcher says Vegas gambling industry will recover more slowly than U.S economy

Associated Press

LAS VEGAS (AP) -- A University of Nevada, Las Vegas researcher says the gambling industry will bounce back more slowly than the rest of the U.S. economy.

Stephen Brown of the Center for Business and Economic Research told business leaders Monday at an economic conference in Las Vegas that southern Nevada's economy is entering its third year of modest recovery.

But Brown says the once-booming commercial construction industry has not yet begun to recover, and Sin City will not return to 2007 levels until after 2014.

Brown links continued troubles in the Las Vegas economy to the nation's stalled recovery. He said the fate of the area is tied to the condition of the U.S. economy because of its dependence on tourism.

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