Bottom headline: New York Times, 12/19/2025
These days, the high rollers are still rolling into Las Vegas, but those on a budget no longer feel like winners. [emphasis added]
Even as private jets pack the airport and V.I.P.'s crowd the high-stakes tables, a steady decline in overall visitors is sending ripples of worry through this city and beyond. Casinos have closed card rooms, restaurants have cut hours, and resorts have scrambled to lure customers back with deals and discounts.
And pain in Las Vegas, a sequin-draped economic indicator, tends to signal a malady in the nation at large. “
Some say when the country gets a cold, we get the flu,” said Aaron Ford, Nevada’s attorney general. “I say we get pneumonia.”
Lora Kelly reportes on the K economy:
“When people talk about the K-shaped economy, they’re talking about an economy that is being experienced very differently across the population,” said Joanne Hsu, the director of the Surveys of Consumers at the University of Michigan. The wealthy, represented by the line of the K that is angled up, are spending confidently. The less wealthy, the line trending down, are scrambling to make ends meet. This “bifurcation,” Dr. Hsu said, is visible in surveys about consumer sentiment.
Related posts:
Canary in a coal mine, say to Las Vegas. (11/1/2025)
Travel and tourism: Trump slump hits Las Vegas. (8/11/2025)
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