I look at it much differently than that. For someone in my shoes, and I think a lot are, I get free rooms at almost all MLife properties. I do have to pay the resort fees on those rooms which are roughly $50/night. For a four night stay that means I am spending $200 out of pocket either way and I can spend that $200 to stay at Luxor, MGM Grand, NYNY, Excalibur, etc... I am not free at Bellagio or Aria but I am discounted a good bit there (plus resort fees). Mandalay Bay is on the free list for me as well and is the only real argument as to value for my $200 vs The Wynn. I'm not fooling anyone, including myself, that I'm saving $1800 on a stay at the Wynn. I am significantly upgrading my stay over my other options (again, Mandalay Bay being an exception) for the exact same price. That is where the value comes from for me. Is it still a value at $300? $400? $500? I don't know, if I'm spending even $100 more than I have to then I have to assess the value of staying at The Wynn over the other properties and determine at what dollar amount it's no longer a value to me.