While the recession has injured the economy in many areas across the country, the strife caused has been magnified in certain cities. Since Las Vegas’ financial well-being is rooted deeply in tourism, this area in particular has seen its share of problems recently. With money being tight for many individuals, fewer people can afford to visit the city—let alone gamble large sums of many at the many casinos.
As a result of this, casinos are suffering. Several have had to put large-scale construction projects on hold. This of course has affected a number of Las Vegas Jobs(click here).
According to a recent press release, the troubles for one of these gaming moguls. Fontainebleau Las Vegas, LLC recently filed for a judge to expedite the resolution of the lawsuit it is currently involved in against its lenders. Fontainebleau feels that the lenders breached a contract, in which they agreed to lend the resort and casino $656 million for their current project. They had asked that the funds denied to them on March 3rd of this year be turned over to them immediately.