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Additionally, Vegas must diversify its economy beyond gambling. Attracting tech firms, manufacturing, and other stable industries will be crucial for long-term resilience. Transparency also needs to be enforced so that community members and workers can assess the financial health of casino companies and brace for upcoming hardships.

Conclusion: A Crisis Fueled by Greed, Fueled by Ignorance

Las Vegas’s glittering empire was built on borrowed money, inflated asset values, and overconfidence. Now, that same greed and recklessness threaten to bring it all down, leaving workers, retirees, and the city itself in ruins. The signs are clear: bankruptcy is no longer a distant threat but an unavoidable reality unless urgent, coordinated action is taken.