The meltdown of the USA's economy is threatening the livelihood of Las Vegas Land-based casinos, it was reported in the Financial Mail.

The waning money supply makes borrowing impossible and this has resulted in several new casino projects being put on hold. At least four casino operators have had to resort to bankruptcy protection.

It was said that Sheldon Adelson, majority owner of the Las Vegas Sands, has had to use family money to "tide things over"; this move is course for concern.

It appears that gamblers are running scared causing casino revenue to decline by as much as 10% in the tables and 11% in slot machines, was indicated in MGM Mirage's most recent quarterly figures.

Las Vegas has always stood strong in the face of economic downturn but this time it is suffering as a result. In addition to the present economic decline Las Vegas faces long term threats of power shortage as the Hoover Dam is unable to meet the demand required.

The downturn of the American economy is accompanied by the loss of jobs and gamblers are opting for gambling online in the comfort of their homes, saving on transport costs and accommodation in Las Vegas. The thrill has gone for visitors to Vegas and the door to online gambling is wide open!