While observing the prevailing circumstances, it has been found that the businesses that depend upon the earnings from gambling are free from recession, and this is true to some extent. But the never-ending habit of gamblers towards gambling table is definitely slowing down the economic rate of growth on the Vegas Strip.
Over some of the previous years the Strip is gaining profits with its reinvention as a luxurious place replete with high-end, high class night clubs, top level entertainment, and rooms for $200 and more for every night. But the gambling roots of the Strip (not strip poker 
) are strayed away and now it has become more susceptible towards the economic conditions.
The Strip was ranked with -4.82% numbers of revenue earned this month as the report regarding it released by Nevada Gaming Control Board for the month of March 2008. Meanwhile, the destinations which are less tiny have also done well like city center of Las Vegas with +2.0% whereas the North Las Vegas have constituted a desirable percentage of +27.15%. But while comparing overall ranks, the revenues of Nevada gaming seems to with a downfall of -1.52%.
The fee collection report of the Gaming control board has also been released for April 2008. While there does not prevail to break them by location, they first glimpsed in the performance of April 2008 into the gaming industry. And the news here is not very promising; when it is compared to last year for the same period, it is found that the fee collection percentage in the state were down to -11.11%.
For many people, this is only an evidence of the newborn fragility of the gambling industry of Nevada. It has been first realized when all the major gambling companies and the casinos have reported their first quarter earnings. There reported a 30% drop in the first quarter revenues of the bellwether industry MGM Mirage, there declined the Wynn’s revenues by 20%. Boyd Gaming and Las Vegas Sands have also lost their money in the quarter.
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