HOTELS: Snake Eyes in Las Vegas

Only a few months ago, the sky seemed to be the limit in Las Vegas. Last spring, in one week alone, two palatial hotels opened their doors to the tourists who swarmed into Las Vegas to gamble. Along the three miles of heatseared desert called The Strip, where frontage ran as high as $1,500 a foot, five hotels in all were built this year. Cried a Las Vegas booster: "No reason why there shouldn't be 60 big hotels in the next five years."

Last week there was a good reason: a lot of the hotelmen-gamblers were rolling snake eyes. Less...

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