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Recession crimps Vegas casinos and construction

October gambling revenues in Clark County, Nev., plummeted 24.3% from last year, while area construction plunged 92% in October compared to the year before. The downturn has stalled development on several construction projects, including a $4.8 billion resort that is now on hold until 2010. MGM Mirage sold Treasure Island for $775 million to pump cash into finishing its $9.1 billion CityCenter, the largest private construction project in the U.S. TIME (12/29)