It's called recession. Soon to be the Second Great Depression.
this post was submitted on 19 Feb 2026
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Everyone is holding onto what little cash they have due to great uncertainty. Doesn't matter which party or which country you belong to. I think history will show us that trump was not a good money man at all. Nothing more than an evil little shit stumbling upward because of dad's money. From that point on it was all grifting schemes and tween dreams.
People aren't even drinking anymore.
How scary does shit have to be for a population to look at the cheap alcohol on shelves everywhere and say "Nah, I better save and stay healthy."
So, it's getting worse. There were videos last summer of how empty the Las Vegas Strip was.
No no, everything is fine. Las Vegas was too crowded before anyway. And last Christmas, people were spending as much if not more than previous years despite what you may have heard. Our economy is absolutely booming. Just look at the stock market, it's the clearest indicator that everyone is doing very well.
See Peter Santanello's video of Las Vegas. There are communities living in underground garages that even the police are afraid to enter.
Good.
Fuck vegas.
Honestly, fuck yeah. I feel bad for the countless residents who depend on tourism, but gambling is a scourge upon the Earth and needs to die already, that money doesn't help anyone but casino owners who are, once again, giant corporate whales who soak up money and never return it to the system.
Vegas may be dying but something has to kill the online sites also.
Hmm yes. That's the only thing contributing to its visitor drop. Nothing else
They want to cater to the 1%, they're only going to get traffic from the 1%
The problem is they are competing with the entire world then. The 1% would rather go to Macau.
Exactly. The top 10% of the US population is currently responsible for 50% of spending, which is propping up the economy. But places like Vegas don't cater to the top 10%. Oh sure, there are high-roller areas; but for the most part, Vegas caters to the lower-middle class. Shockingly, rich people don't like hanging around smokey casinos and a bunch of drunk gambling addicts. It's no surprise that it's suffering.
It's okay, the Dow is over 50k.
You can milk a cow many times, but you can only slaughter it once.
Vegas forgot the entire reason it was popular in the first place:
Because it was CHEAP. You could go to Vegas and get a nice hotel and go out every night for less than you could go anywhere else because they made their money on gaming instead of the accommodations.
During Covid they pivoted to trying to be a "destination" by ripping off everyone at every corner. The rooms are loaded down with fees, the food and drinks are ridiculously expensive.
The reason to go to Vegas was that a regular middle class person could FEEL like a rich person. That doesn't work when you are priced out of everything.
This is how I've been feeling about tourist places in general. So many shallow attractions trying to get easy money mixed in with the real interesting stuff, and everyone is competing for a spot with the good stuff, which drives prices to ridiculous levels and still there's a large line and crowd.
I much prefer places tuned to attract locals because they have to at least be good enough to be worth future visits.
Two major things that are hurting Vegas today
International visitors are down due to the orange moron.
Attendance at conventions and corporate meetings are down due to the above stupid decisions. It was a cheap place to hold a large meeting: flights, transit, hotels, meeting hall rental and food were all 30%+ less than anywhere else.
Yeah, my company could offer me a fully covered trip with extra free time to explore or have fun in the US and my answer would still be no.
To expand on Vegas' woes, online gambling has exploded. Why bother driving several hours or take a plane to a desert city to play in several casinos when you can bet on a game or a bunch of outcomes by just using your phone?
That's a great point to bring up.
I wonder why Vegas companies didn't push back against the legalization of online gambling like we saw alcohol and tobacco companies do with marijuana. Perhaps most of them already have their hand in that pie, which is why it's okay. Same thing with how tobacco companies stopped fighting legalization of weed once they became the dominant players.
That was driven by Vegas companies, I remember seeing Bally's and MGM logos on a bunch of online gambling sites/apps when it was first getting started. I don't think they realized just how viral the internet is, and how fast another entity can spin up and eat their lunch.
- it's a tacky nightmare
- anyone can just gamble on "martket prediction" apps now, I still have no idea how or why those are legal
Meh let the idiots idiot
I'd have no problems if it was just idiots, but there have been people betting on these platforms on things like military movements, inside betting by members of government about things, it's a security nightmare and will end up being just another wealth transfer machine.
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As a Nevada resident you can see this all over the state. The state voted Trump and it’s now gonna pay the price for it. I do feel bad for employees in the housekeeping and food service department. But I do know most of them also voted for trump including a friend of mine who drives taxi in Vegas and complains about everything being expensive. So in that case fuck them, but to the few good ones in the silver state, you have my respect.
They hike the prices through the roof and drop quality and it’s the consumers’ fault for not wanting to pay extra for crap
Also, who would visit the U.S. right now?
I've only been once, but watching degenerate gamblers and young parents pushing strollers around a big mall drunk was just depressing. I got a vibe of Dollarama Epstein Island.
You know what 1000x better than The Venetian? Venice.
I've only been to Venice out of the two and I very much disliked Venice. So Vegas must be pretty bad.
Hundreds of years of history, beautiful museums, best restaurants in the world, going to dinner in a vaporetto, horrible.
Maybe Vegas is for you.
I'm not really a gambler. Glad you like Venice. I'll give a list to counter:
Claustrophobic, terrible smell, rarely air conditioned, hard to find food that isnt just carbs and fat.
The museums are cool though.
They also changed the games to where it was even harder to win and the payout was less.
But business analysts said that bleeding their customers dry through predatory tactics was the most important thing to do!
Think of the shareholders!
Also they turned the whole comp system from something that was a fun treat into what amounts to a grocery store rewards points scheme that isn't fun for anyone. So now instead of a pretty girl coming up to you and just handing you a free drink or some guy giving you a free breakfast because you are a big shot, you instead have what amounts to a subway sandwich punch card.
Last time I went to Vegas was 2023 and free drinks on the casino floor was still a thing at least, though not nearly as frequent as the time I went prior to Covid.
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And winners are quickly banned. Why would anyone gamble and NOT card count?
Nevada voted Trump. They gambled and lost. Time to learn the hard way.
This is how the rest of us feel about the US.
Canadians boycotting travel to the U.S. doesn't help, either.
Yep. “Leisure spending waning” is a roundabout way of saying people are boycotting travel to the United States, and people that live here can barely afford anything anymore either.
Looks at costs of a flight to Amsterdam. Looks at costs to domestic US.
Gee I wonder why.
I bet Amsterdam won't arrest you for shady Vance memes on your phone.
True, but you'll get fisted by customs when you return to the US.
For some people, that's a perk!
Leisure spending in fascist regimes is certainly waning. Leisure spending overall continues unabated from where I'm sitting....
As someone that loves gambling and always wanted to go to Vegas, I'd rather just go somewhere local if I wanna go to a casino. Vegas is as expensive as any other destination vacation (if not more expensive) but that's not why most people want to go there no matter how much they try to change their image. If you're not someone that likes gambling it's probably cheaper and more worthwhile to go to Disney Land. And if you're someone that likes gambling it's cheaper to go to literally any other casino in the country.
I lived in Vegas for 5 years and absolutely loved it, but I almost never went anywhere near the strip unless friends or family were visiting. I spent a lot of time out at Red Rock Canyon hiking the trails.
Exactly this. The attraction to Vegas used to be that it was cheap and you could go there and feel like a big shot. Without that there just isn't any reason to go. Its just a little town the middle of the desert, but now it costs more than Hawaii.
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