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The performance of casino mogul Steve Wynn's Macau property is making up for any weakness in the Las Vegas market as a
result of the U.S. economic slowdown, an analyst said last week.
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As an economic slowdown hits casinos, Atlantic City's 11 gambling halls are split on how desirable it is to continue to hand out free meals, hotel rooms and show tickets to gamblers.
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Rising construction costs, tightening credit markets and the slowing economy may delay a second Trump Tower and a $6-billion version of New York City's Plaza Hotel in Las Vegas.
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The casino's old 10-story garage came down Thursday without fanfare in order to clear more space for the proposed $1.5 billion megaresort that Pinnacle Entertainment plans to build on the former Sands site next year.
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Popular Pennsylvania resort is now accepting reservations for its 188-room luxury hotel at MountAiryCasino.com.
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The property said it narrowed its net loss by 21.6 percent to $75 million in 2007 from $95.7 million in 2006 in a filing with the Securities and Exchange Commission last week.
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