Part 1/10:
The Casino Death Spiral: A Deep Dive into Las Vegas Resorts' Decline
As Las Vegas experiences noticeable signs of decline, the question on many people's minds is, "When will resort prices drop? Will resort fees disappear? Is paid parking going away?" Unfortunately, for the casino companies, the answer is that these changes are highly unlikely. In this exploration, we will delve into how these casinos appear to be trapped in a cycle Stephen describes as the "casino death spiral." We’ll look at the factors that led to this situation and discuss its implications for both the visitors and the future of Las Vegas.