Tag Archives: Las vegas

Courting Disaster

The Friday File: Proving love is recession resistant, the average ’12 wedding will cost $26,989 up from $26,501 in ’11 and down slightly from the peak of $28,082 in ’08. Engagement rings were the single most expensive item at $11,599. Next was photography at $2,186 followed by wedding rings at $1,594. The cake is the cheapest item, just $486. 32% of couples go over budget. Anyone for eloping in Vegas?

Casino Economy

Gamblers bet more in ’11 than in ’10, the first increase since ’07. Through the first 11 months of ’11 revenues were up 2.3% to $32.6 billion. NV saw a rise of 2.8% to $10.7 billion but, the #2 casino location, Atlantic City, saw its revenue fall 6.9% to $3.3 billion. PA, which now ranks third, saw revenues rise 21.6% to over $3 billion for the first time ever. But, these numbers exclude tribal gaming which is 40% of the market.