Only a SUCKER would visit Vegas right now...

[00:00:00]If you're coming to Vegas in 2026 and you expect the casino properties to lower the prices, you're a sucker. Jump into the comments flame and troll to your little heart's content. But by the time I'm finished this video, you're going to understand clearly one thing. How a group of people sitting thousands of miles away, virtually guaranteed casino properties will continue raising prices through this year and even the next. First, let's talk about room rates in Vegas.

[00:00:31]The ADR or the average daily rate is $200, 199 bucks in 2026. This is a far cry from what it was just a few years ago. That should be expected except for the fact that volume business is Vegas business. So, the more people that they price out of the market, the more they have to jack up the fees. We'll get to that in a minute. That's going to play into how everything gets more expensive for you in 2026 in this town. But of course, you're no longer just paying for your room. Instead of paying for your room, you're paying your resort fee.

[00:01:04]Every single hotel on the Las Vegas strip has some sort of resort fee. The only way to escape it is to go downtown Old Fremont Street and stay at somewhere like the four queens. What do those resort fees do exactly? Not much.

[00:01:19]Because to many, paying $60 for a resort fee that covers high-speed internet, which is slower than what you have on your personal hotspot, gyms that you may not be into using, pools that might be closed during the wintertime, is not a fun way to start off their relationship with the city. But let's not stop there.

[00:01:38]We have to get to how much things actually cost in this town. You know, for things like eating, food, water, things you got to do to stay alive. One big trend in Vegas in 2026 is replacing things like buffets with food halls. I'm at the Cosmopolitan at Block 16, before my smartest viewers point out, yes, there is a buffet at the Cosmopolitan, but there will be practically no buffets left by 2027. But what does it cost to come to a food hall? What does it cost to buy something as simple as a soda in Vegas? I mean, you're looking at the prices right now. $8 Red Bull, $6 Diet Coke Sprite, and a large Fiji water for $11. Now, I of course covered this in my last video explaining why a single small can of Pepsi costs 8 bucks at the Paris Hotel just across the street. Go check that video out and tell me in the comments below, what are you paying for things in your regular life? Is it $6 for a single bottle of Pepsi? $11 for a bottle of water? But what if I told you the problem was nationwide? And what if I told you that by all accounts, what happened this week thousands of miles away is going to guarantee the problem gets even worse. Not just for Vegas, but for all of us. Howdy, howdy, and welcome to the channel if you're new, everybody.

[00:02:51]Welcome back if you're a repeat viewer.

[00:02:53]My name is Steven J. Campbell. This is a channel for economic truth seekers who are tired of getting bullied by big corporations and want to make a better life for themselves. We use Vegas as a case study for the economy. So like the video if you've liked it so far. Don't subscribe yet. I want to make sure I earn your subscription. I'll ask you later on in the video. What happened this week was a fork in the road, a pivot. San Pelgro $6.50.

[00:03:21]You see, because this week was interest rate decision week up in Washington where the Federal Reserve meets and basically in the past at least gave people an idea of what to expect next in the markets. Interest rates, by the way, control everything about your money situation. Whether or not you're paying more for your credit card interest, your car loans, or your home loans, it all comes down to interest rates. But what was really weird about interest rate decision time this round was that instead of telling investors what they should expect and consumers what they think's going to happen, they left everybody in the dark. Because right now, you're being told two different things. Number one, you're being told by some politicians that the war in Iran and the conflict is over. Everything will normalize within a few days. Gas prices will come down and before you know it, everything will be cheaper. But on the other end of things, you have pragmatic people, realistic people who understand the flow of the economy around the world. And what they're telling us is that we're looking at a hard time for the next 12 to 18 months.

[00:04:29]Right now only 20% of all of the oil is actually getting through the straight of Hormuz. They're doing victory laps on 25 ships today. But failing to tell you that normally the straight carries 135 tankers through on a daily basis. Right now many of you are saying, "So what?

[00:04:45]Who cares? Doesn't hurt me. Doesn't affect me much as long as I have cheap gas so I can get from point A to point B." But the issue is the lingering costs of oil inflation and the whole entire economy. See, everything that you touch has something to do with oil. Even computer chips need helium that comes through the straight of Hormuz. And the longer those supply chains take to normalize, the longer you'll be paying more for every single thing that you have to spend on in your life. And for many people, this is an absolute unmitigated disaster. You see, right now, the cost of consumer goods is going up 3.8% a year. Wages also go up, but they're only going up at 3.6%.

[00:05:29]This means that every year you get a raise, you end up paying more to live your life. Matter of fact, there's been studies shown that right now, the average American couldn't survive a $500 emergency expense. And close to 70% of everybody has some kind of side hustle just to pay the bills. And that's why this week's federal interest rate decision has so many people that watch the economy worried. See, in the past, they would always give what was called guidance. We expect that we'll have to do this in the future. Investors hear that they expect rate cuts, markets go up, and everybody's happy. Investors hear that they would be expecting rate hikes, everybody clams up, everybody gets a little bit nervous, and things slow down. But this week, there was nothing. Except there was one thing.

[00:06:19]There was 50% of every single person on the board recommending at some point in the future we see raid hikes. And I'm going to tell you in a minute why these casino properties have a nightmare scenario on their hand. Rate hikes would throw their bottom line into a tizzy.

[00:06:36]And when you hear how much money properties like MGM Resorts Cosmopolitan sitting right here actually pay every single year, it's going to make your head spin because they'll pay more money to interest on loans in a single year than you would get working in a thousand lifetimes yourself. And before we reveal that number, I want to take a moment to get personal with you for a minute and tell you something about myself. See, for years, I struggled all the time.

[00:07:03]Everything was a struggle. Can we pay the rent next month? Is the power bill going to be the one that we put on a payment plan or are we going to try that with the cell phone bill? Everything changed for me when I started doing one thing every single day. I mean, remember that $500 expense I was telling you about or even just having to turn on a a beacon on your car and do Uber Eats or Door Dash for 50 to 100 bucks a day. I mean, what if I told you that you guys could do that in 10 or 15 minutes a day by just clicking some buttons on a screen? It's called trading the futures market. And if you haven't guessed it yet, this is our sponsorship spot. And before you hate me in the comments, this is how we keep ourselves impartial so we can walk through casinos and say not so nice things about them. It's how I sponsor the videos and it's my course.

[00:07:50]It's a product done by me. It's called 1K a day. In it, I have 1,400 students who are doing just that. And most of them are making base hits. I mean, I'm not selling you a $10,000 Ferrari dream on this trading stuff, but you know, how about a h 100red bucks here, 50 bucks there. You stack your wins and that stuff, it really does add up. My biggest rock star here is Miss R. She does a prop firm. A hundred bucks gets her a $2,000 account. She passes the test. And look at that. Testimonials on the screen. She made essentially a six-figure income doing this. The course sells for $2,000 retail, but right now you're going to get the entire thing one time, one price, all you'll ever pay.

[00:08:29]It's going to be just $211.97.

[00:08:34]That's it. Just click the link in the first pin comment down below and type in the code IR1 interest rates one cuz we're talking about the interest rates.

[00:08:43]And for the first few people off this video, you're going to get it for the best lowest price it'll ever be from this point forward. I raise the price every single piece of content I do. My platform makes me raise the price and I always find the lowest coupon. Get your journey started. Learn a skill that nobody can take away from you. And then you can come to Vegas when it's super busy and popular up here and full of energy and walk away smiling instead of walking away going, I paid $6.50 for a sand pelro. So, one thing that's really changed in Vegas in the last few years is how the casino industry actually does its business.

[00:09:18]Oh, that always is fun going into the land of a million sons. Hey, now's a good time on the channel that I ask you to subscribe to the channel. We're walking around today. It's about 103 battling the elements. And if you guys like this and you're smarter and you feel like you're hawkish on the economy a little bit more, now's the time to click that subscribe button. The casinos, they run a business based solely, like most businesses, on debt.

[00:09:43]Because the casino companies have one mission, grow their profits for their investors. But before they grow their profits, they have to service those debts. And those debts are massive. And they adjust based on interest rates.

[00:09:57]Those two people just called security on me, so we have to walk outside. Throw me a subscription. We've been kicked out of the shopping here before. We're going to avoid that conflict. Those interest rates for a company like MGM Resorts International, those are huge. Talk about $400 million that has to be paid out to a bank before they can record a single penny of profit for themselves. Companies like Caesar's Entertainment, now in a agreement to be purchased by Tilman Ferta, are even larger. $800 million before a single scent can go to grow the company. Think about that for a minute and then ask yourself, what does increased interest rates, what do new loan agreements, what is a refinancing on a loan actually do for these companies? You know, the answer to this, of course, is simple. It increases the costs of doing business across the board. Everything the casino does is measured against a new interest rate with new debt payments that are ever increasingly higher if the Federal Reserve interest rate keeps going up.

[00:11:01]So, where does a casino turn to get that money? Do they just absorb it as a cost of doing business or do they pass it on to somebody else? Because if you were looking to service another $100 million in debt due to increased interest rates or simply get another $100 million to build something with at 40 million people a year coming through your property, you would only really need $25 per person.

[00:11:26]$25. And so therefore, for every person that comes into Vegas, the casinos are presented with another opportunity to simply take money from you to help them grow and service their debts. Now, you might be saying, "Well, the casinos can't do this forever." But their current pricing model kind of guarantees that they can. Vegas is replacing you whether you know it or not. And in a future video on this channel, we're going to be talking about the changing and shifting demographics of the people who actually come here. So, to go back to my statement at the beginning of the video, if you come to Vegas expecting things to be cheaper in 2026, you have to be some kind of a sucker.

[00:12:05]So, in the meantime, what can you do about this? Well, interestingly enough, in the last year, a lot of you guys have been doing what I suggested last year when I made a video with a very similar title. You've been putting your money where your mouth is, vacationing in different places, and refusing to come and pay the corporate robbery of these casino properties. You don't want to pay their debts down for them before they make a profit. You want to go and have a better time at a more reasonable cost.

[00:12:31]And until the casinos do see the light and decide to diversify, sell off properties, maybe go to private ownership, they're going to have a hard time attracting many of you back. And while boycott don't totally work, we certainly are making a statement with our money. The all-inclusive deals launched by some of these properties are a start, but I believe we can make a real difference if we push back even harder. Now, if you come to Vegas and you're part of the affluent crowd that can afford the prices, that's great, too. I hope to see you out here on the strip while I'm filming. If not, subscribe to the channel. And this is the fifth call to action to subscribe.

[00:13:06]And I know it's obnoxious because I do live streams several times a week from the strip. We go on the dead days when it's slow. We go out on the busy days when it's busy. Until the next time I see you guys, my name is Stephen J.

[00:13:17]Campbell and as my mentor always tells me, just keep swimming in life. And as this band you might have seen in my video always reminds me, God's got this.