In the last 10 years, the whole theory of supply and demand seems to have been tipped upside down and this is proof. Anytime I'd read about room occupancy on the Strip back about 2000, it never was below 90% and usually, around 95%. But a combination of downturn in the economy and casino owners being too greedy, and this is the result. Now the question will be - what property is next to go?
Tim