LARRY’S LAS VEGAS

Less than five years ago, buying Las Vegas Strip Casinos’ stock for $3 or less would have been an investors dream come true.
As of this writing some of the biggest Hotel and Casino Resorts in the world can be acquired for less. Who says dreams don’t come true?

In the opinion of “Larry’s Las Vegas” this could become a windfall for investors willing to bet on the “House”. For those willing to invest in the future, buying Casino stocks at an 80% or more discount appears to be the best bet you could make in Las Vegas.

Most Economists reportedly are projecting the U.S. economy rebounding within the next year or two. Larry’s Las Vegas expects that those Las Vegas Casinos able to ride out the storm should see a resurgence of Visitors and Gamblers sending stock prices climbing modesty within the next year.

Larry’s Las Vegas anticipates that even a minuscule rise of only a few dollars in Las Vegas Casino’s stock prices offer a prime revenue enhancing tool available for Fund Managers and Individual investors to reap sorely needed Capital Gains.

The trick would be figuring out which Las Vegas casinos has the best chance to survive until then. Las Vegas Casinos have retooled their staff, policies and procedures to insure a more frugal approach to their operations.

Let’s look at some of Larry’s Las Vegas’ best bets, in no particular order:
Las Vegas Sands Corp. (LVS) Trading in early March 2009 at less than $2.50 a share

MGM Resorts available for less than $2.50 a share.

Riviera Casino (RIV) selling for less than $3.00 a share.

These are just a few, there are more out there you should research yourself. Most Casinos will, in the opinion of Larry’s Las Vegas will slightly improve financially in the coming year.

Even a modest rise of a few dollars in price could be the best bet you could make in Las Vegas by far.

So, when it comes to Las Vegas Casinos, Larry’s Las Vegas has three words for savvy U.S. investors……..BUY, NOW AND HOLD!

Do you remember when Las Vegas used to be recession-proof? Many longtime residents recall that previously if the economy slowed, Las Vegas’ economy would improve. More people saw Vegas as a way to get away from their economic woes AND have a chance at winning a financial rescue, “The Jackpot”. “Winner, Winner, Chicken Dinner”

My how have times changed in just ten years! For the first time in years Nevada’s Unemployment rate is approaching a staggering 10%.

For a city which just a few years earlier enjoyed some of the lowest unemployment rate in the U.S., now has the dubious distinction of having the Highest rate in the Nation.

Construction activity normally a common fixture in Las Vegas, is grinding to a painful halt.
Real Estate Values are plummeting, and Foreclosures are skyrocketing.

Whats more, Nevada’s economic forecasters are predicting even worse conditions in the coming YEARS!

So hears a suggestions for locals and tourists alike.

Please be nice to all the Local Las Vegans you may encounter. Most are soon to be (if not already) unemployed, and there’s a real chance you could be next.

Over 8% Unemployment rate in Las Vegas. Any comments?

The signs are everywhere and they are glaring. Traffic seems lighter. Bars, Nightclubs and Restaurants are nearly empty.

Now the real shocking part, Casinos are Losing money. Yes, that’s right, LOSING.

Las Vegans have always considered themselves “Recession Proof”
Larry remembers life when even when funds are low, people still would “make a bet”. Some even more so (Hey, theres a chance to hit a jackpot and Get more funds!).
Not any more!

Now when one wants to “make a bet”, they can just take a (sometimes FREE) Bus, Jitney, Train, Shuttle or short drive to their “Friendly Neighborhood Casino”
Who needs to fly all the way to Las Vegas and pay those high prices?

Las Vegas is feeling it and in our opinion it’s only gonna get worse, with another massive round of layoffs coming only weeks before Christmas. “Bah Humbug”
Less Gamblers means, less workers, less groceries, less homes, less cars, less money for Las Vegans.

Believe it or not! This will be Your best chance to experience Las Vegas.
Staff becomes much more friendlier. Room rates will plunge, etc. and the Odds of the Games will get better for you!

Larry’s Las Vegas has recently learned that in the coming months, Las Vegas Casinos will start a “bidding war” for YOU.

They will start to change the “Hold” (percentage of wagers made the “House” keeps) on select Games and Machines to lure and retain Guests. You’ll also see discounts and freebie offers reminiscent of the ’70’s.

So while Las Vegas will have less visitors as the year ends, those that do visit will experience an unprecedented value for their dollar.

EVERYBODY’S COMING TO LAS VEGAS! WHY NOT YOU?

Dealers At The Rio Reject Union

Could Your Blackjack Dealer Go On Strike?

Dealers at the Rio Hotel and Casino voted overwhelmingly to reject union representation Sat, 7/12/08.
Las Vegas Dealers Local 721 fell nearly 100 votes short, according to sources close to Larry’s Las Vegas.

After successful campaigns at Caesar’s Palace and the Wynn, the Transport Workers Union of America’s Las Vegas affiliate suffers its first major setback.

Larry’s Las Vegas.com has learned that Dealers in Las Vegas and Atlantic City consider unions’ necessary for job security.

Larry’s Las Vegas has just one piece of advice for all Table Games Dealers, “Be careful what you wish for!” What do you think?

(What do Dealers do when they go on strike? Picket up and down the Pit?)