Analysts: Companies to invest more than $1.5B in Las Vegas market

12/25/2012 | Las Vegas Review-Journal

Companies will invest more than $1.5 billion in Las Vegas' gaming real estate market in the next two years as a result of the financing and upgrades of properties on the Strip, according to gaming industry analysts and brokers at Colliers International Gaming Group. "We are cautiously optimistic about the Strip in 2013. We do see growth, albeit nominal growth in the 2 percent to 4 percent range," said Gabe Telles, commercial real estate consultant with the Colliers group.

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