Las Vegas is in a bit of a slump, so I was very curious as to what I would find there on a recent trip.

I was only there from Sunday through Thursday,  so I didn’t experience the peak weekend time in the heart of football season. That said, things were certainly a bit slower than I had seen in years past. Not crazy slow, but enough to notice the difference.

One of my stops was The Cosmopolitan. In recent years this was the hot spot on The Strip. Of course there are plenty of other casinos battling for the luxury crwod, but the young, hip, beautiful crowd could be found at The Cosmo.

With that context, I have to say that I wasn’t overly impressed with what I saw (again, considering the off-night visit). The crowd seemed like any other ordinary Las Vegas crowd. It wasn’t the low rent or older crowd of the second tier casinos, but it wasn’t at all a luxury crowd as well. The most glaring difference was the complete lack of the “beautiful” crowd. No hot babes. No real buzz.

Again, it’s only one night, but this is consistent with what I’ve been hearing from others. Since MGM Resorts took over operations a few years ago, some longtime visitors have noted a shift: the vibe has become a bit more mainstream and less exclusively “sexy/cool/elitist.” It’s still attractive to 20s-40s partygoers and influencer types, but the crowd can feel more mixed now. You see more ordinary tourists rather than the ultra-glam scene of the past.

Now, it’s still a very solid option if you’re going to Las Vegas. It remains one of the most popular and vibrant casinos on the Strip and consistently ranks as a top choice for its central location, stylish vibe, nightlife, and dining scene. We noted the Bungalow Suites a few years ago. It’s still very much “hot” in terms of energy, events, and appeal to a younger, party-oriented crowd as compared to other Vegas spots. The Marquee Nightclub and Dayclub continue to draw big crowds.

But something has changed. Part of it might be related to the dip in Vegas tourism. Recently, the Cosmopolitan started offering special perks for locals like other Vegas casinos. When you have to offer specials, then you’re no longer the hot and exclusive option.

We’ll see how this develops, but we’re old enough to remember when spots like the Hard Rock and The Palms had that special, exclusive feel. Things change.

Steve Wynn has an incredible knack for creating the ultimate high roller experience. Sure, some also blame him for the corporate culture that invaded Las Vegas with the introduction of the Mirage. I guess those people liked it better when the mob ran Vegas. Regardless of that, Wynn was the main guy that brought Vegas out of the tacky 1970s into the ultra luxury era. After the Mirage can Bellagio, which elevated the standard even further. After cashing out, then he decided to put his name on the building. The Wynn casino wasn’t that much of a leap beyond Bellagio, but it did plant itself as one of the premiere luxury spots on the Strip. If you’re a group of guys or high rollers ready to have a great time in Vegas, then you can’t go wrong at the Wynn.

But now Steve Wynn the person is back in the news, as his ex-wife is threatening his casino empire. BusinessWeek explains that “Elaine Wynn has asked a federal court for permission to sell the Wynn Resorts (WYNN) shares she was awarded in the couple’s 2009 divorce.” This is a problem as she’s a swing shareholder of the company. Even if she just sells half of her 9.6 percent stake, such a transaction could possibly trigger a series of events that would threaten Steve’s sway over his company according to the article.

It’s funny how little things like a divorce, even a $750 million divorce, can have such a potential impact on a place like Las Vegas. Not that any of us really care. There are so many places in Vegas to gamble.

Frankly, I wouldn’t be surprised if Wynn decided to start all over again. Now with Aria and Cosmopolitan, his Wynn casino is no longer the newest luxury hot spot on the Strip. The guy seems obsessed with setting new standards, so maybe all of this drama will lead him to create something new again. That said, the odds may be against that course of action. Vegas is so saturated right now with high end hotels, and the days of the whale from Asia seem to be gone with overseas competition. Still, we love new hotels, so who cares if it’s a financial success for Wynn. He can afford it, even after his $750 million divorce!

High rollers who visit Las Vegas have it pretty good at the casinos. They get huge suites and tons of comps, and casino hosts cater to their every need. For that reason, it would be crazy for most high rollers to consider buying real estate in Las Vegas.

That said, the carnage in the Las Vegas real estate market is now starting to hit expensive homes as well.

In Las Vegas, which has the highest foreclosure rate among large U.S. cities, the wave of defaults that began with subprime borrowers and the unemployed has spread to upscale homeowners who see no point in staying, even if they can afford to. “You feel like a sucker if you’re paying a $5 million mortgage on a house that’s worth $2 million,” says broker Zar Zanganeh.

In the first quarter, 30 homes in Clark County, which encompasses the Las Vegas Strip and surrounding residential areas, with mortgages exceeding $1 million were repossessed by banks or bought by third parties in foreclosure sales. That’s up from 20 homes a year earlier, according to ForeclosureRadar, a company that tracks defaults. Short sales, in which the bank agrees to accept less than the loan balance, and bank-owned properties accounted for about three-quarters of all home sales in the period, according to the Greater Las Vegas Association of Realtors.

For some high rollers, having huge home in Vegas can have additional perks. You can stay in the city for a long time and get away from the casinos when you need a break. You can also have a spot for some serious parties with all the sugar babies you meet in the casinos! So if you have the resources, it might be time to take advantage of the incredible deals in Las Vegas and pick up a party house.