According to an 2005
industry outlook
published by bond
rating company Fitch
Ratings, the
gaming industry is
expected to further
unite with a true
and certain
prominence of
expansion in Las
Vegas.
Due to the dying
or dwindling
interest in most
regional markets,
the bond rating
company says Las
Vegas will continue
to become a more
prominent market for
expansion in 2005.
Because of its
strongly demanding
ground rules and
favorable regulatory
environment, current
growth has gone far
beyond expectations.
Such expectations
taken into account
are tourist volumes,
room rates and
casino earnings.
These statistics
alone hit record
highs this year.
Fitch also
announced that it
feels industry
consolidation will
continue at least
through the next
year, with even
mid-size companies
following moves by
larger companies to
further economize.
Fitch Ratings is
a leading global
rating agency that
provides the world's
credit markets with
accurate, timely and
prospective credit
opinions. Built on a
foundation of
organic growth and
strategic
acquisitions, Fitch
Ratings has grown
quickly during the
past ten years.
