Researcher: Gambling industry to trail US recovery

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Updated: 12/10/2012 11:27 am

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.

 

©2012 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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