Unless you plan to stay for months, consider Las Vegas hotel rooms as an option. There will be a BIG surplus of rooms next year, even suites. Caesars Palace rooms for the next couple of months can be rented for $95 a day, no casino rating or play required.

Also, many of the new unsold condos may be available for short term rentals next year.

Before I invested in a LV condo, I'd look at the financial situation of the place. You don't want a building where maintenance, security, etc. are cut way back because there aren't enough condo owners paying their condo fees. Some of the very new places may actually close due to low occupancy.

I also look for a number of major casinos to close in a few months due to lack of gamblers and lack of capital. Could be temporary, but you never know. Harrahs won't survive without selling some major properties, but who would buy in this environment? If you have a lot of player points at a Nevada casino, consider using them up in the next few weeks as they may be devalued or even cancelled. This may be the last year for the holiday shopping stores at Harrahs properties, MGM properties, and Riviera. It's only a month away so I doubt they will cancel the events this year, but merchandise may be limited and "point prices" may be higher.

You can still sell casino stocks short, but they have had major drops in the last few months so it's a little late.