The flip side is that a downturn in Vegas is a good time for Disney to make a big purchase in the area, especially if interest rates are headed lower again.
My perspective on Disney Vegas is that they'd treat it as a 3rd
Disneyland park in their international marketing, tied closely to Disneyland and Disney California Adventure. This would differentiate it from other similar efforts like DisneyQuest in Chicago. And similar to Aulani, they'd partner with a bunch of excursion companies for things like Grand Canyon and Hoover Dam tours.
But now they have a new partnership with DraftKings, no? If anything, they're showing they're more committed than ever to sports betting?
The biggest issue for a Disney resort in Vegas IMO is that gambling is all online these days and a giant physical sportsbook is just overhead at this point.
If they're going to do anything with ESPN+DraftKings, they could probably just do it at the Angel Stadium site (Anaheim is again opening the discussion on the future of that stadium?
https://voiceofoc.org/2025/12/anaheim-officials-once-again-put-angel-stadium-in-play/) as part of a major redevelopment of that area and put a 3rd park and hotels in that site and still have space for an equivalent to the Wide World of Sports venues in Orlando? The Angel Stadium site and adjacent parking lots are HUGE and could easily accommodate an ESPN + sports betting type of Disney park complex. No reason to even focus on sports betting in Vegas if they can do so in California (and Florida for that matter as well).