caesars palace: "what sagging economy"?

Looks like the new Caesars Palace tower is ready for business. From Forbes:

Caesars Palace tops off sixth tower on Vegas Strip
By OSKAR GARCIA

Casino company Harrah's Entertainment Inc. topped off a 23-story tower at Caesars Palace on Tuesday as part of a $1 billion expansion at its flagship Las Vegas Strip resort.

The 665-room Octavius Tower is the sixth at Caesars and is part of an expansion the company hopes will help the hotel-casino compete with planned neighboring luxury resorts.

Gary Selesner, president of Caesars Palace, said expansion plans haven't changed, despite difficult economic conditions.

"This is all about the future," Selesner said. "We're building our capacity for the turnaround that will come, whether it's one, two or three years down the road."

Average Las Vegas hotel room rates for August were $107 per night, down 15.3 percent from August 2007. Occupancy was down, too, with 88.3 percent of rooms filled in August, down 2.9 percent compared with August 2007.
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I'm most struck by the last paragraph there, although Las Vegas is not going to go bust in the current economy. When the economy plunged after 9/11, many Vegas casinos and resorts merged to survive. There will be some fluctuation and lean times, but the economy will rebound.

I doubt anything could turn Vegas dark, quite honestly.