The business model has changed.' 'I think quite a long time.I am confident Vegas will survive the recession, but if you ask me when it will thrive again, I think that will take years.In typical Vegas style, Mr Morgan, who announced his engagement to writer Celia Walden only two weeks ago, got ‘hitched’ under the watchful eyes of an Elvis impersonator, a Marilyn Monroe lookalike and several Rat Pack mimics.
And you can indulge any fantasy - from sleeping in a lifesize Egyptian pyramid to eating in a replica of the Eiffel Tower and taking a gondola ride.
My favourite suite was one at The Palms that housed an almost full-size basketball court.
I met one MGM casino boss, a small, smart, attractive woman called Debbie.
She's as far removed from the caricature of the old scar-faced gangster casino boss as you could imagine. Most whales are male, and they tend to be very competitive and love the challenge of taking on the casino to either win or lose big.
Vegas is where people go to blow their cash, recklessly get married, frequent strip clubs (and worse), watch sport, see the biggest stars, drink too much and feel guilty afterwards.
As Oscar Goodman, its splendidly liberal and pugnacious mayor, told me: 'I like Vegas to operate on the cusp of legality.' Most of the action occurs in a four-mile area known as The Strip, lined with 15 of the world's 20 largest, glitziest hotels which create such a dazzling spectacle that, as seen from space, Vegas is officially the brightest city on Earth.
'I was kicked out of the billionaire Hustler magazine tycoon Larry Flynt's office ten times,' he laughed, 'but then I finally got to him by sending him a fruit basket every Monday morning for 18 months.
Steve admits his dream punter is the 'happy loser'.
In 2007, gambling revenue was billion a year - now it's down more than 30 per cent.