A smart observer once noted the difference between "service" and "hospitality" is the difference between being "well run" and being "well loved."

Las Vegas has always prided itself on its economy of leisure. In the span of a weekend, visitors can dine at the finest restaurants, witness world-class entertainment and sporting events and shop at top luxury brands without leaving the Strip—sometimes, without leaving their hotel.

Tickets are still available and room rates are dropping for the inaugural Formula 1 Heineken Silver Las Vegas Grand Prix less than eight weeks away.

Two major music festivals in Las Vegas are driving up hotel room prices for the remaining inventory as the industry addresses any lingering effects of the MGM Resorts International’s cybersecurity breach that took nine days to resolve.

The hotel room rates of some Las Vegas resorts have started falling by nearly 60% for the Grand Prix weekend (November 16th-18th) as compared to the rates that were posted last fall. However, the rates do not determine if the interest in the event is going down, according to an industry expert.

The apparent cyberattack that hobbled MGM Resorts International this past week is the latest in a string of high-profile security breaches to befall Las Vegas casinos in recent months.

Online MGM room reservations were down, and sportsbooks didn't have much action in the resort community.

Room reservations and sportsbooks were still dark across swaths of Las Vegas on Friday as the community trudged through its fifth day of a battle against hackers who struck the city’s biggest hotel chain.