MGM’s Collapse Was Just the Beginning — Las Vegas Shaken by Its “Greed”

MGM’s Collapse Was Just the Beginning — Las Vegas Shaken by Its “Greed”

Wynn Resorts faces mounting pressure as Las Vegas visitor numbers decline, costs rise, and Macau’s once-reliable VIP segment weakens. Despite carrying over $10 billion in debt and shrinking profits, the company continues to project confidence through buybacks and dividends. As luxury prices climb and traveler spending falls, Wynn’s signature high-end strategy is increasingly tested by economic reality.