Casino Shutdown Projected To Cost Las Vegas Economy Almost $40bn

  • Closure of casinos to cost the southern Nevada economy $38.9bn
  • AGA says 93 percent of U.S. casinos closed, 644,000 employees out of work
  • Gaming companies tap credit lines to boost their cash positions

The closure of the state’s gaming industry will cost the southern Nevada economy an estimated $38.9bn, according to the Nevada Resort Association (NRA).

The NRA, which represents a majority of the state’s gaming industry, is urging Nevada’s congressional delegation to act swiftly to assist the Las Vegas region, which depends more on tourism than Alaska does on oil, Wyoming does on coal mining or New York City does on the financial sector.

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