Las Vegas: The Deserved Downfall of America's Sin City

📩 Stay ahead of bankruptcies, distressed debt, and leveraged finance — subscribe to the newsletter: https://www.junkbondinvestor.com/ In 2025, Las Vegas suffered its steepest non-pandemic collapse in modern history, shedding over 3.1 million visitors in twelve consecutive months of decline. Yet in that exact same year, gaming revenue on the Strip hit an all-time record of $8.8 billion. Both facts expose the same brutal reality: Las Vegas broke its historic bargain with the working class. From $65 resort fees and $20 parking to infamous $26 minibar water bottles and $50 minimum bets, casino conglomerates like MGM and Caesars optimized prices for high rollers—prompting MGM’s CEO to bluntly admit, "Shame on us." Here is how corporate greed turned Sin City into a luxury trap nobody wants to visit. ------------------------------------------------------------------------------------------------------- Las Vegas tourism collapse 2025 Why is Las Vegas so expensive now Las Vegas 26 dollar bottle of water Las Vegas Strip visitor decline MGM Resorts pricing backlash Bill Hornbuckle shame on us quote Caesars Palace resort fee controversy Why people are boycotting Las Vegas Las Vegas resort fee scam History of cheap Las Vegas food Steve Wynn Mirage business model Frank Sinatra Desert Inn 6 dollar steak Las Vegas casino revenue record 2025 Vegas high minimum bet blackjack Why Canadians stopped going to Vegas Circa Las Vegas Canadian dollar promo Las Vegas airport passenger decline Strip casinos vs locals casinos revenue Red Rock Resorts vs MGM Resorts Las Vegas junk fees explained Corporate pricing failure documentary The death of the Las Vegas buffet Las Vegas Formula 1 ticket slump Downfall of affordable tourism Casino economics video essay Excalibur 12 dollar coffee controversy Travel industry greed documentary Las Vegas hotel occupancy drop Las Vegas business case study The end of cheap Las Vegas The downfall of las vegas las vegas downfall las vegas