Las Vegas, once the thriving entertainment capital of the world, is now eerily quiet as U.S. tourism collapses in 2025. From the Strip to downtown, once-bustling hotels, casinos, and entertainment venues are experiencing record-low foot traffic, empty rooms, and major financial losses. What was once a billion-dollar-a-day machine is now facing shuttered shows, laid-off workers, and half-capacity casinos. And locals are asking: What happened to Las Vegas?