The MGM CEO Who ADMITTED Vegas Betrayed Its Own People

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RockSinCity
Published
In October 2025, MGM Resorts CEO Bill Hornbuckle sat down with investors and said three words that defined a year: "Shame on us."
He was talking about a $12 Starbucks coffee at Excalibur. But he was really talking about something much bigger.
Las Vegas welcomed 3.1 million fewer visitors in 2025 than the year before — the worst annual decline outside the pandemic since records began in 1970. Twelve consecutive months of year-over-year drops. Resort fees hitting $57 a night. Parking charges before you've placed a single bet. Blackjack tables quietly switched from 3:2 to 6:5 with no announcement.
And while the Strip posted record gaming revenue on paper, the floors got quieter. The locals stopped coming in for Tuesday dinners. The Canadians stopped booking flights. The middle-class traveler — the one who built Las Vegas's reputation over fifty years — did the math over breakfast on day one and made a decision the Strip never modeled for.
They left. And they told everyone they knew.
This is the story of how the most famous gaming corridor in the world betrayed the people who loved it most — and what the executives running it are finally admitting in front of their investors.
Vegas Untold covers the real stories behind Las Vegas — the decisions, the people, and the moments that shaped the city the world thinks it knows.
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Category
Vegas Untold
Tags
Las Vegas tourism decline, Las Vegas 2025, Las Vegas 2026
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