by timmac » Mon 07 Jul 2008, 20:05:56
As a 22 year resident of Vegas my self and a business owner I can answer most of your questions,, What do we all do for work,, well all those huge casino's on the strip employ around 10,000 people each and we have alot of large cassino's and alot of other smaller casino's as well,, there is alot of retired people that move here for the dry weather and little to no tax's,, many small manufactured compines have moved here because of little to no tax,, alot of compines have left Cali for Vegas,, alot of millionares and billionares own a home here,, even some Arab princes/kings from Arab oil countries own homes here,, alot of Hollywood elite and actors have homes here and the list goes on,, money flows easy and large in this town,, as the many layoffs and less tourest is not as large as one posted here,, tourism is only down about 5% and very few if any casino,s have laid any one off as of yet but time will tell,, airlines are bringing less people here every month and when gas gets to $6.00 per gal I think Vegas will really start to drop and the big layoffs will happen,, this is not the place to be in a great depresion, no food is growing here, our Lake Mead that we get 90% of our water is drying up and electric for our a/c is getting very expensive,, every thing here is trucked in and I mean every thing,, some signs are starting to show problems but not sure how far or long the problem will be as yet,, many people still come here to blow there hard earn money even millionares blow hundreds of thousands in 1 or 2 days here every day,, Vegas is big money and it has always been good to me as well but the furture does not look good,, but we do know how to change with the wind here fast and the casino's know how to give better comps such as gas cards and etc to keep people coming back.......... [33 million plus visitors every year just for Vegas alone, most states don't even get that many,, so if we were down 20% it is still alot of people]