I realize that few of my readers ever visit Al Jazeera’s English site.  This article on the American economy spends a good deal of time talking about Vegas:

On the Las Vegas Strip, there’s little sign that the US economy is in trouble.

Glamorous, or merely garish, the Strip – a four mile stretch of huge casinos and outrageously themed hotels -  appears to be in rude health.

[snip]

The truth is a little more complicated.

You’ll have to read the rest over there, including a few paragraphs on a luxury condo development by Frank Pankratz.