Vegas is Struggling in 2025

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Originally Posted by Dive_Bar_Dave

I posted the gaming profit info above on this page. However, gaming is not the only revenue stream that is key to Vegas's success (see also: hotels, restaurants, entertainment, transportation, etc). Thus you have sky-high unemployment and foreclosures. Vegas is struggling...

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So many stats proving you wrong if you are comparing Vegas to other US cities and companies.

What is “sky high unemployment and foreclosures”?

You are so focused on one city, like the clickbait artists you seem to love. It’s the LOW END broke Ham & Eggers that aren’t coming as the numbers prove. And yes, less low end bargain seeking customers coming will effect jobs but it’s no different than the US in general.

Just a few inconvenient truths to the narrative you and the clowns you listen to are pushing.

Wynn stock up almost 50% YTD, yes they have other interests than Vegas.Not struggling

https://www.marketwatch.com/investing/stock/wynn

Venetian parent beat earnings per share estimate by 43% and revenue up 15% in Q2 Not struggling

https://www.tipranks.com/stocks/lvs/earnings

Caesars stock is DOWN in the past year. One could argue this is where the low end customer not coming is hurting the most however the company is so far in debt and poorly run, all are contributing to their poor performance.

MGM like Caesars has lower end properties in Vegas but they also have more higher end as well. Their stock is up 18% year to date beating the 10% of the S&P.

While a company is only as good as your last quarter and Q3 might be down, the market usually is good at anticipating potential issues and in the case of 3/4 of these stocks they aren’t overly concerned.

Highest US cities for foreclosures, Las Vegas is not in Top 5 but Nevada is almost tied with Florida in another measure as a percentage. I do expect this to become a bigger issue when the Q3 numbers come out across the board. This is National problem, not a Vegas one.

https://www.attomdata.com/news/most-...ates-by-state/

Unemployment? July numbers show Nevada at 5.4% is just behind California (5.5%) for worst in the nation after DC, which is obviously the government jobs being eliminated. Michigan is 3rd at 5.3%. By city Vegas is not in the top 10 at 6.0%. Again a national issue by state and no one is saying California’s UC rate is “sky high” compared to the national average of 4.2%.

https://usafacts.org/answers/what-is...united-states/

Vegas has its share of issues with pricing but for the 100th time it’s overblown and getting attention from opportunistic grifters because of the special place it has to many. And those who are hurting and can’t afford to get there as often are giving them fuel for the grift fire. After all, doing videos on the financial situation in Detroit isn’t going to provide the clicks these “influencers” need to keep sitting on their ass. And we all know the national media is lazy as fuck and loves easy stories.

#factsmatter

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Originally Posted by TheXFactor

Change the headline to...

Vegas is Dead!!!


https://www.youtube.com/watch?v=bgEI...IgZGVhZA%3D%3D

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The first 16 seconds of this video proves my point to a T.

A grifter starts by saving NOBODY is coming to Vegas now. 93% of last years air volume is NOBODY?

And yea, unfortunately I gave this scumbag a click. Note the “includes paid promotion” right at the start.

What an ass clown!

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Originally Posted by Dive_Bar_Dave

I posted the gaming profit info above on this page. However, gaming is not the only revenue stream that is key to Vegas's success (see also: hotels, restaurants, entertainment, transportation, etc). Thus you have sky-high unemployment and foreclosures. Vegas is struggling...

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DBD is right here, there are so many lay offs, unemployment and housing foreclosures. Ofcourse the over-lords of Las Vegas are going to combat and push back with "its all OK here and we're still betting on Vegas!"- because they have to, they wont admit it.

Right now there is over 7 BILLION dollars of open housing inventory in Vegas right now...and its only going to get worse. As I have said above, August is over and now its back to school and no more families in Vegas for the summer. Its not dune buggy ATV season in the desert and hopefully that will help some, but it wont.

Again, look at the California indian casinos, there is where your previous Las Vegas clientele are at. Not sure why some of you are not getting that point yet and Druff still missed it on radio. The indian casinos stole most of the Vegas gamblers, accept it and they arent coming back, its cheaper to gamble, bingo and eat locally. I see the TV ads here where they are giving away multiple Jeeps, etc. Why drive or fly to play when locals can enjoy the convenience??

In the 2000s, I wanted to buy a condo in Vegas, or perhaps even a house. However, I was concerned about a housing market crash, as it seemed inevitable. I just didn't know when it would hit. Indeed, then we had 2008, and I was very happy I didn't buy.

I then considered this again in 2010 (post-crash), when a lot of bargains were out there, but I just had a baby and was about to permanently move BACK to California, so it just seemed too much of a hassle.

Prices have shot up since then and I regret not taking action in 2010.

If there's another crash (even just one local to Vegas), I'll probably buy something at that point. I did keep my apartment there for a little time after I moved out of Vegas, and it was nice to have my stuff already there, plus no hassle with hotel reservations, inflated prices, etc. I just wasn't going to Vegas often enough to justify it, especially with a new baby. Since I didn't own the apartment, I just gave notice and gave it up.

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Originally Posted by desertrunner

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Originally Posted by Dive_Bar_Dave

I posted the gaming profit info above on this page. However, gaming is not the only revenue stream that is key to Vegas's success (see also: hotels, restaurants, entertainment, transportation, etc). Thus you have sky-high unemployment and foreclosures. Vegas is struggling...

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DBD is right here, there are so many lay offs, unemployment and housing foreclosures. Ofcourse the over-lords of Las Vegas are going to combat and push back with "its all OK here and we're still betting on Vegas!"- because they have to, they wont admit it.

Right now there is over 7 BILLION dollars of open housing inventory in Vegas right now...and its only going to get worse. As I have said above, August is over and now its back to school and no more families in Vegas for the summer. Its not dune buggy ATV season in the desert and hopefully that will help some, but it wont.

Again, look at the California indian casinos, there is where your previous Las Vegas clientele are at. Not sure why some of you are not getting that point yet and Druff still missed it on radio. The indian casinos stole most of the Vegas gamblers, accept it and they arent coming back, its cheaper to gamble, bingo and eat locally. I see the TV ads here where they are giving away multiple Jeeps, etc. Why drive or fly to play when locals can enjoy the convenience??

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With all due respect you are looking at this through such a small window.

Vegas is a microcosm of the US housing market in general, just like 2007-8. Interest rates are too high and are killing the housing market, it has always worked this way, $3000 a month payment gets less house at 6% than 3.5%. So the prices either go down, which many won’t do, or they sit unsold. Story as old as time.

As for the lack of “families” in Vegas, other than for a short period of time they never wanted them. A family isn’t by any means the core target, see the removal of almost all the attractions that catered to them. Again, not a 2025 issue. The upper middle class with NFL, high priced concerts , etc are the target and again, I argue they are still coming. Which is showing in gaming win and non entry level hotels seemingly not being affected.

The California casinos are nothing new with Pachanga opening in 2002. Did they steal the customers then or now? If in the last year, why not in the past 20+? As for the “giveaways”, like Vegas they are stacked against the average person with high rollers getting a million entries to the drawing while the average sap gets one. But they do get people to show up and gamble, again a story as old as casino time. These TV ads are for locals, no different than the locals casinos in Vegas run. No reason for the strip casinos to run TV ads but I guarantee you they are running just as many promotions, targeted to the customers they want directly. The strip was never for the locals for the most part compared to the off strip local properties.

I get your anti CEO feelings and agree on F&B pricing, it’s inexcusable. But there is nothing happening that isn’t happening elsewhere in the country in certain cities. Just look at the numbers I posted and the links. Only question is if this is a blip or the start of something more. And I still believe Vegas will go as the rest of the country goes economically, up or down.

The upcoming weekend of the fight will be near sold out at high room rates, even at the lower end properties. No you can’t have an event like this every weekend but it will show the reports of Vegas’s death are greatly exaggerated. But I’ll bet we won’t see YouTube videos on that, it’s not good clickbait.

“ Dive_Bar_Dave: again, contact the lvcva.com and tell them "The Boz" doesn't agree with their numbers.”

Only one number, not their “numbers”, which I explained multiple times and only wonder how total visitation is calculated. Certainly a fair question when it doesn’t jive with air traffic and hotel occupancy. Maybe its car traffic but that’s tough to quantify unless they are sleeping in their car or coming for the day. Then you are using traffic cams which is subjective at best.

Note I see no response to my links and numbers that show Vegas isn’t different than other US states and cities.

Dude you have been shown numbers multiple times in this thread but you are unwilling to look at realities. But keep clicking on those videos, trust me, you aren’t alone. There are 13% of last years visitors doing that exact same thing while crying about not being able to afford a trip to Vegas. Be sure to “slam that like button” and keep these grifters in business so they don’t end up in the 13% losers club!

The Boz: "And I still believe Vegas will go as the rest of the country goes economically, up or down."

Vegas is the hot molten core of corporate greed and price-gouging. It is not like the rest of the country. Average Americans are angry about this. If you look at the comments on the news reports and vlogs about it, people are very unhappy with Vegas. They seem universally intent on boycotting the town until the town "gets it"...

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Originally Posted by Dive_Bar_Dave

The Boz: "And I still believe Vegas will go as the rest of the country goes economically, up or down."

Vegas is the hot molten core of corporate greed and price-gouging. It is not like the rest of the country. Average Americans are angry about this. If you look at the comments on the news reports and vlogs about it, people are very unhappy with Vegas. They seem universally intent on boycotting the town until the town gets it...

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Dude you are fucking hilarious with this stuff and sadly it’s getting worse. I showed you the numbers where you are either exaggerating the issue or are plain wrong. Not sure how many times I have to say it but Vegas F&B pricing is crazy, but certainly not a unique issue in America. And certainly didn’t just become a problem in 2025.

“ San Diego:
A WalletHub report in July 2025 identified San Diego as having the highest year-over-year restaurant inflation rate, at 3.8%.
Honolulu:
This city, along with San Francisco, appeared on a 10-year average analysis by the USDA as having among the highest food price increases”

But, but, but a bunch of comments on YouTube are “universally intent on boycotting the town….”.

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Originally Posted by Dan Druff

If there's another crash (even just one local to Vegas), I'll probably buy something at that point.

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I have been posting about and tracking the Las Vegas housing market on PFA for years now. I dont know what youre waiting for as right now is that time to strike and buy. AND the housing market is only going to slump more as Fall gets here. ME- I posted on here and called it for along time- the Vegas housing market has to cool off and its finally here. I might buy soon or wait until some family business wraps up. But this is it, the time to buy.

Druff- NOW is the time...

$7B worth of homes for sale in Las Vegas, highest ever, report says

Las Vegas Flooded With Homes Nobody Want to Buy

Las Vegas Housing Supply Rises 31% As Demand Stumbles, Pushing Sale Prices Down Slightly

https://www.reviewjournal.com/wp-con...py-2.jpg?w=650

Homes Are Flooding Onto the Market in Las Vegas as Retirees Flee the City and Investors Cash Out



ADD- I hope Druff buys a Las Vegas house first so then I can buy near him and go see him weekly. (sarcasm) ;)

The time isn't now because the prices haven't fallen yet.

I am waiting for a panic fall due to the aforementioned inventory and demand issues.

My theory, as I said before, is that a lot of people are staying away because the price gouging and nickel-and-diming changed people's opinions of Vegas from "can't wait to go" to "meh, take it or leave it!"

This in turn caused a decline in visitor volume, to where people who otherwise would've come are just visiting local casinos or gambling online.

You need to listen to what the people are saying. If it's universally agreed that Vegas is not a value vacation anymore, and that people are really irritated by the gouging, you need to listen to them.

The gambling profits are probably up due to the fact that high and middle-high rollers care much less about costly food, because they're going to high end restaurants anyway, and don't care. For example, I am friends with a rich doctor who comes to Vegas once a year. He eats at nothing but gourmet restaurants and stays in an Aria suite. As long as the price isn't totally outrageous, he doesn't really care if it's gone up somewhat.

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Originally Posted by Dan Druff

My theory, as I said before, is that a lot of people are staying away because the price gouging and nickel-and-diming changed people's opinions of Vegas from "can't wait to go" to "meh, take it or leave it!"

This in turn caused a decline in visitor volume, to where people who otherwise would've come are just visiting local casinos or gambling online.

You need to listen to what the people are saying. If it's universally agreed that Vegas is not a value vacation anymore, and that people are really irritated by the gouging, you need to listen to them.

The gambling profits are probably up due to the fact that high and middle-high rollers care much less about costly food, because they're going to high end restaurants anyway, and don't care. For example, I am friends with a rich doctor who comes to Vegas once a year. He eats at nothing but gourmet restaurants and stays in an Aria suite. As long as the price isn't totally outrageous, he doesn't really care if it's gone up somewhat.

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any good player isn't paying for anything anyway. we just stayed in a parlor suite at wynn for 14 nights. we never considered price when deciding where to eat or what to drink. their large pool drinks in our area were $40 plus a 20% service fee. just look at the prices on the online mizumi menu. it's all offensive. whatever, host will have to deal with it. my point other than the subtle brag is that we are not alone; aria, b, w/e, v/p (i suppose as i have no history there) all have plenty of players who are spending --- just look at the stock markets and all the govt giveaway programs during covid. the rich really have gotten richer and are still spending. boz is right, it is the low end that is suffering hardest, by far.

just ask San about his bet against my Wynn stock. (sorry San, was too easy, and frankly, deserved -- your must focus your hate on the proper party - CZR)

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Originally Posted by Dan Druff

The time isn't now because the prices haven't fallen yet.

I am waiting for a panic fall due to the aforementioned inventory and demand issues.

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correct. we aren't close to a real correction out there yet. if prices hit 2010/11 levels again we will likely be buyers as well. but its still too early.

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Originally Posted by Dan Druff

The time isn't now because the prices haven't fallen yet.

I am waiting for a panic fall due to the aforementioned inventory and demand issues.

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With over 7 BILLION is stagnant inventory and current foreclosures, the time is now where you could walk in and make a legit offer. If they decline, say OK and start to turn around...they will stop you before you get to the door. Its buyer's market right now, just got to find a house you like, they will take your offer. Sure the longer you wait, the better the conditions, but right now is a great time, they are arent going to advertise it and try to keep it on the down low.

I will be in a better spot around Thanksgiving and might go shopping then. December is also a dead time to score a good deal on a Vegas home.

https://scontent-lax3-1.xx.fbcdn.net...Xw&oe=68B9A8C7


Druff wrote-

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Fake news.

It's engagement bait.

Look at the plane again. The overhead bins are all open. Cockpit door is open. This is early boarding, and someone took the pic to create engagement or controversy on X. There's a reason that the dude didn't take the pic mid-flight.

This is the type of stuff you have to watch out for when you're seeing "reports" on X or Facebook.

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No Druff, respectfully youre wrong here and making up a conclusion to support your opinion. No where in the graphic does it say they are "mid-flight".

Its not fake news or engagement bait, the husband obviously took the picture as they were waiting to take off. I really dont think the husband on this particular flight had some "anti Vegas agenda" when taking a pic just for his wife. If you fly much, you can tell when boarding has completed and the crew is wrapping things up before gate departure.

Actually, no, I dont need to watch out for these things as it was not a "report" on X or Facebook. I'm pretty smart and can tell whats BS or not. Its obviously this guy just took a pre-depart pic and shared it this his wife and pretty sure he didnt have an agenda. Most people arent flying from NJ to Vegas anyways.

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Originally Posted by Tellafriend

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Originally Posted by Dan Druff

My theory, as I said before, is that a lot of people are staying away because the price gouging and nickel-and-diming changed people's opinions of Vegas from "can't wait to go" to "meh, take it or leave it!"

This in turn caused a decline in visitor volume, to where people who otherwise would've come are just visiting local casinos or gambling online.

You need to listen to what the people are saying. If it's universally agreed that Vegas is not a value vacation anymore, and that people are really irritated by the gouging, you need to listen to them.

The gambling profits are probably up due to the fact that high and middle-high rollers care much less about costly food, because they're going to high end restaurants anyway, and don't care. For example, I am friends with a rich doctor who comes to Vegas once a year. He eats at nothing but gourmet restaurants and stays in an Aria suite. As long as the price isn't totally outrageous, he doesn't really care if it's gone up somewhat.

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any good player isn't paying for anything anyway. we just stayed in a parlor suite at wynn for 14 nights. we never considered price when deciding where to eat or what to drink. their large pool drinks in our area were $40 plus a 20% service fee. just look at the prices on the online mizumi menu. it's all offensive. whatever, host will have to deal with it. my point other than the subtle brag is that we are not alone; aria, b, w/e, v/p (i suppose as i have no history there) all have plenty of players who are spending --- just look at the stock markets and all the govt giveaway programs during covid. the rich really have gotten richer and are still spending. boz is right, it is the low end that is suffering hardest, by far.

just ask San about his bet against my Wynn stock. (sorry San, was too easy, and frankly, deserved -- your must focus your hate on the proper party - CZR)

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No argument with any of that.

Yes, a lot of high end visitors are getting comps anyway.

I brought up the doctor because he's NOT a gambler. He just makes good money and enjoys the food and atmosphere of Vegas, so he comes once a year and spends lavishly. No comps. He doesn't give a shit about the prices as long as they aren't outrageously high. He did get to befriend some person at the Aria who gets him the suite for a fairly good price, though it's still expensive.

There's a lot more high end visitors like him than there used to be. Vegas isn't just for gamblers anymore.

But either way... if you're getting comped, or if you're just rich, you aren't going to care much about the prices or the nickel-and-diming.

100% the lower and middle class tourists are feeling it, though, even with the cheap midweek rates.

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Originally Posted by desertrunner

https://scontent-lax3-1.xx.fbcdn.net...Xw&oe=68B9A8C7

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Fake news.

It's engagement bait.

Look at the plane again. The overhead bins are all open. Cockpit door is open. This is early boarding, and someone took the pic to create engagement or controversy on X. There's a reason that the dude didn't take the pic mid-flight.

This is the type of stuff you have to watch out for when you're seeing "reports" on X or Facebook.

do yall know you can fly scottsdale to carlsbad or vegas on jsx for like 250 do you know how elite that is

LOL

desertrunner is out of posts for the day, so he went back and edited his post BEFORE my response in order to respond to me.

Funny. I'll allow it. In fact I'll do him one better and give him a few extra posts right now so he can respond back.

First off, I want to point out that I don't blame desertrunner for not noticing the details about the plane. Even Vital Vegas was fooled by this one at first, and he's typically very sharp regarding these things.

But it's 100% a misleading picture. I've boarded a lot of planes in my life, and especially recently, I've been a first/business class passenger, so I get to board before almost everyone. Therefore, I know what a plane looks like just when boarding starts, and it's exactly like the pic in that tweet.

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Originally Posted by desertrunner

No Druff, respectfully youre wrong here and making up a conclusion to support your opinion. No where in the graphic does it say they are "mid-flight".

Its not fake news or engagement bait, the husband obviously took the picture as they were waiting to take off. I really dont think the husband on this particular flight had some "anti Vegas agenda" when taking a pic just for his wife. If you fly much, you can tell when boarding has completed and the crew is wrapping things up before gate departure.

Actually, no, I dont need to watch out for these things as it was not a "report" on X or Facebook. I'm pretty smart and can tell whats BS or not. Its obviously this guy just took a pre-depart pic and shared it this his wife and pretty sure he didnt have an agenda. Most people arent flying from NJ to Vegas anyways.

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The husband definitely did NOT take the picture when they were waiting for takeoff. By FAA regulations, the cockpit doors must be closed and the overhead bins must all be shut, or the plane cannot move even one inch.

There is also ZERO evidence in this picture that the crew was wrapping anything up. This picture looks IDENTICAL to an empty plane just beginning to board.

There's an old saying, "Extraordinary claims require extraordinary evidence."

This woman claims that her husband is in a plane to Vegas which is almost empty, where just one other passenger can be seen. That would be highly unusual for Labor Day weekend. In order to believe this picture, we would need all of the following:

1) A picture of the plane with all the doors closed
2) Proof that it was taken on Labor Day weekend
3) Proof that it was taken on the way to Vegas

The picture provides none of these. It shows an almost-empty plane with one passenger sitting, with all the overhead bins open, and the cockpit doors open. That screams "early boarding".

This would be like me showing up at Dodger Stadium right when the gates open, being among the first 100 people to enter, and then taking a picture of the empty stadium. I could post, "Wow, nobody likes the Dodgers anymore! The games are empty! This is what happens when you keep losing to shitty teams!"

But that would be meaningless. The game might be sold out. The fact that I took a picture of an empty stadium right when the gate opens proves absolutely nothing about the attendance, and should be ignored. However, if I took a picture of today's game in the 5th inning, and the stadium looked almost empty, that would mean something.

See the difference?


The problem is that a lot of people these days fill in the gaps in their head when they want to believe something. Rather than thinking critically and asking themselves, "Does this make sense? Could this be misleading? Could this be a hoax?", they bend their mind to the point where they can explain away any possible skepticism.

I dealt with the same denial from liberal friends during the whole Jussie Smollett debacle. Anyone with common sense knew that there weren't two cartoonish white MAGA guys walking around at 2am in Chicago when it was 10 degrees outside, carrying a noose and bleach they could use to assault a random black guy. But I had left wing idiots trying to explain to me why it's "believable" this happened, and how "violent MAGA assholes are everywhere". I asked why Jussie was still holding the Subway sandwich when the police showed up at his apartment, and how the sandwich survived the attack. They couldn't explain it, but kept repeating, "This could've happened! I believe him!"

Social media is full of bullshit. This includes left wing bullshit, right wing bullshit, and apolitical bullshit (this one being the latter). People try to get engagement and clicks because it makes them money and/or gets them attention. If you don't put your biases aside and think critically, you're gonna get fooled a lot.

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Originally Posted by lol wow

do yall know you can fly scottsdale to carlsbad or vegas on jsx for like 250 do you know how elite that is

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I flew from LA-Vegas first class for $210 in June.

BUT

It was at midnight.

The plane was mostly empty. This was because nobody wanted to fly at midnight on a weeknight, and also they needed the plane itself in Vegas, so they couldn't cancel the flight. Otherwise it would have been cancelled for sure.

In general, flights to Vegas are pretty cheap.