A recent visit to Sin City reveals signs of trouble. The falling Vegas tourism industry is resulting in empty restaurants and hotels, even amid high prices. The conditions suggest that the booming post-pandemic rebound may be cooling off… and it hasn’t been pretty. In several high-profile resorts, tables stood unoccupied during prime dinner hours. Guests and staff alike noted that what should have been bustling dining rooms looked quiet and underused. The reduction in foot traffic was most visible in midweek slots, when fewer convention and leisure travelers were present. At the same time, the cost of a trip to...

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