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Online Casino Conditions >>> Betting News >>> October News


New Las Vegas Casinos Could be Stalled by Shortage of Glass

Online Casino Conditions Staff
October 24, 2006

With the casino resort construction boom still taking place in Las Vegas, the prospects of a building supply shortage is not far-fetched whatsoever. In fact, Las Vegas developers know all too well about shortages of steel and concrete, both of which have come about in recent times. Understandably, steel and concrete are the major foundation materials of most large-scale buildings and high-rises.

Another highly used material, which nobody predicted would see a shortage any time soon, is glass. However, a glass shortage seems to be precisely what is happening. According to some Wall Street analysts, glass suppliers are hinting that they will not be able to accommodate the latest surge of casinos which are in the developmental stages but have yet to begin construction. In fact, the world's largest suppliers of glass - Mexico and China - are telling some casino developers that they will not be able to deliver the necessary amounts of glass required to meet construction demands until 2008.

Considering that most of these resorts are completely faced in glass (take the Wynn Resort, for example), using glass from China and Mexico is practically unavoidable. Although glass supplies can be obtained from other sources, including within the U.S., there just doesn't seem to be enough to go around. To put things in perspective, the prospective growth in the amount of casinos and resort rooms has dropped to only a 4% increase until the year 2010, which is mainly due to several projects being put on the back burner.

Las Vegas should not be disappointed though. Nor should the casinos who are already currently under construction and/or nearing their finishing stages. Business is booming as usual. Attendance is up and gambling revenue levels are at all-time highs. MGM's City Center is one such resort complex that is in the green zone, and will stand to benefit immensely from a stall in competition, while projects like the W Hotel, Boyd Gaming's vastly expensive Echelon Palace and Ruffin's New Frontier converted Montreux Casino could be confronted with some construction road blocks.

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