On Sunday, June 8, 2014 1:23:32 PM UTC-4, rbowman wrote:
Steve from Colorado wrote:

In all my years in the industry, I never heard of a casino closing.

When I was trucking, the company's profit area was carpet and furniture.

Like any trucking company, they'd take barely profitable backhaul loads to

get you to Georgia, Mississippi, or LA to load carpet of furniture. My

personal indicator of the country's economic health was how often I went to

Las Vegas. When Vegas is doing well, it's like a stream of ants bringing

carpet and furniture in for the casinos and hotels.

The metric worked well in general. New construction needs carpet and people

who are economically healthy remodel frequently when Honey gets tired of the

same old decor.

There's a school of economic prediction that focuses on the Shipping Index

that works on the same principle. If the trucks, ships, and trains are

sitting around, things aren't good.

Casinos do close though. For example, Adelson put The Sands out of its

misery when it wasn't an earner anymore.

The Sands casino is still clunking along. I don't know how the ownership is split, though.