Las Vegas Strip casinos still face a troubling trend

Consumers have become pessimistic about the economy's future as the Conference Board's Consumer Confidence Index significantly declined by 7 points to 98.3 for the largest monthly decrease since August 2021.

"This is the third consecutive month on month decline, bringing the index to the bottom of the range that has prevailed since 2022," Stephanie Guichard, senior economist of Global Indicators at the Conference Board, said in a statement.