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The Bellagio Las Vegas was once the crown jewel of the Strip, a $1.6 billion resort that changed how the world viewed Las Vegas when it opened in 1998. Today, guests are telling a very different story. In this video, we look at what is really happening inside the Bellagio in 2026, from complaints about maintenance and cleanliness to soaring resort fees and wildly fluctuating room rates. We break down how the ownership shift from Steve Wynn to MGM Resorts, and later the $4.25 billion sale leaseback deal with Blackstone, may have changed the financial pressures behind the scenes. We also examine the impact of the 2023 MGM cyberattack, rising Las Vegas hotel prices, and the broader tourism decline that has hit the Strip. Even the iconic Bellagio Fountains are affected, with Formula One grandstands blocking views for months each year. 00:00 The Shocking Decline of Bellagio Las Vegas 00:28 The $1.6 Billion Opening That Changed Vegas 01:12 What Guests Are Experiencing Today 02:32 The Fake Eyelashes Incident 03:01 Steve Wynn’s Exit and Corporate Ownership Changes 03:29 The $4.25 Billion Blackstone Sale Leaseback Deal 04:19 The $55 Resort Fee Problem 04:55 Vegas Hotel Prices Surge 70 Percent 05:30 The MGM Cyberattack and $100 Million Loss 06:30 Renovations That Stripped the Luxury 07:27 Competition from Newer Strip Resorts 07:39 Las Vegas Tourism Decline in 2025 08:26 Pricing Out the Middle Class 08:47 Security Lawsuits and Guest Safety Concerns 09:09 Formula 1 Blocking the Fountains 09:26 Who Really Owns Bellagio Now 09:49 Project Mojave Expansion Plans 10:09 Ongoing Maintenance and Infrastructure Issues 10:30 What Made Bellagio Special in the First Place 11:05 The Shift Toward Corporate Hospitality 11:30 What Happens Next for Bellagio 11:41 Is Bellagio Still Worth It? If you are planning a Las Vegas trip, wondering whether the Bellagio is still worth the price, or trying to understand why Vegas feels different lately, this deep dive connects the dots. From resort fees that now exceed $60 per night to renovation complaints and service concerns, this is the full picture of what many longtime visitors are noticing. Have you stayed at the Bellagio recently? I would love to hear what your experience was like in the comments.