Social media videos aside, Vegas is not "dead".
But tourism is hurting this year. Major casinos companies are reporting revenue and profit declines, total visitors are down, and the city is getting lots of negative attention for small crowds and escalating prices.
The reasons include general inflation, the growing availability of gambling options elsewhere, and the US decision to discourage foreign visitors.
Personally, I suspect that that the pricing is partly strategic - a focus on richer customers since 1% of the US population is responsible for 50% of consumer spending. Partly due to general post COVID inflation. And partly due to the financial shenanigans of the large casino corps and private equity. I can't prove it but I nevertheless believe that anytime you read about an industry adopting sales & leaseback strategies, the end result is not good for anybody but the finance mofos.