It is BIG TIME real. Vegas did it to themselves.
Las Vegas' tourism-dependent economy is hitting the brakes. Visitor volume and consumer spending are tumbling in America's casino capital, and the local unemployment rate is hovering among the highest in the country for big metro areas.
https://www.reviewjournal.com/business/the-whole-town-is-slower-las-vegas-economy-hits-the-brakes-3427769/
Hopefully the vegas casinos will do a u-turn in the near future. Otherwise the downturn will continue.
https://www.casino.org/news/fee-loathing-the-most-maddening-examples-of-vegas-nickel-diming/ (https://www.casino.org/news/fee-loathing-the-most-maddening-examples-of-vegas-nickel-diming/)