Las Vegas development plans buckle with slowing economy

04/10/2008 | Reuters

Some Las Vegas Strip casino projects may be postponed while others that are already under way are facing financing difficulties. Developers have plans to add 40,000 hotel rooms, but the slowing economy has complicated plans. "There has been a dramatic change in what lenders are looking at in terms of risk," said Mike Straneva, head of Ernst & Young's real estate transactions group.

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