Las Vegas faces a dramatic downturn as tourism slumps and major casinos shutter. Once booming, the city grapples with declining revenues and mounting debts, signaling a stark reversal for the entertainment capital.
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Sands Corp. is exiting Las Vegas, selling its casino assets in a $6.25 billion deal. The move marks a significant shift in the city’s gaming landscape, signaling changing strategies in the industry.
Las Vegas has transformed into “Sports Town, USA,” evolving from a gambling hub to a major sports destination with NFL, NHL teams, and high-profile events, reshaping its identity and economy.
Las Vegas has invested billions to transform into a premier sports and entertainment hub, attracting major leagues and star events. The city aims to boost tourism and diversify its economy beyond gaming, CNBC reports.