Latest / Desert Degens Podcast / $10M Jackpot, Strip Struggles & Vegas’ NBA Dream

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$10M Jackpot, Strip Struggles & Vegas’ NBA Dream · Desert Degens Podcast

0:00
All
0:26
right, guys. Well, today's lead story
0:28
was an interesting one. When it came
0:30
through as a topic for this week, it was
0:32
like profits are down.
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>> Didn't make sense to me really%. So, I
0:36
questioned things because I was
0:37
immediately like, "Huh,
0:38
>> that's not there's no way."
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>> Well, we go through the numbers every
0:42
month of these topline revenue numbers.
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>> And so, while revenue
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>> at 21.1 billion was the highest it's
0:50
ever been,
0:51
>> net profit is down,
0:53
>> right?
0:55
81% excessive number 81%. This number
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was some
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>> I didn't think it was right when I read
1:00
it first. I'm like, "Okay, now." And
1:01
then I read the rest and I'm thinking,
1:02
"Okay, now that makes sense." But still,
1:04
that's an insane number.
1:06
>> So, here's what's happening. You know,
1:07
these strip casinos keep leveraging,
1:10
leveraging, leveraging, leveraging. And
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it's at a point now where their debt
1:13
payments are so large, the interest
1:15
payments on this,
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>> it's great,
1:16
>> on this real estate, on these
1:17
transactions that they set up is so
1:19
large that they're barely eating out a
1:22
profit. It's kind of like the government
1:24
debt gets so big it becomes how much of
1:27
this do we
1:27
>> ceiling where where does it stop?
1:30
>> So you know trying to run an analogy to
1:32
government debt and how citizens end up
1:34
paying for all of it.
1:36
>> Players are having the same problem.
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Well it's the same like we're paying for
1:40
>> all this in the form of parking
1:42
>> fees in the form of like these crazy
1:44
drink prices in the form of resort fees
1:46
and all the other nickel and dime fees
1:48
that they keep on adding trying to like
1:51
get their way out of this hole. It makes
1:53
sense.
1:54
>> It's an insane number. What I thought
1:56
was really interesting,
1:57
>> really, really interesting, I don't know
1:58
if you like dug into this little tidbit
2:00
here.
2:01
>> Fremont Street makes more money than all
2:05
of the strip.
2:05
>> I was shocked. I was absolutely shocked
2:07
>> because again, from a net profit
2:08
perspective,
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>> the strip own their land apparently.
2:12
They own their building. They don't pay
2:13
rent. They
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>> I mean, that's what it's got. The way
2:17
that it explains it is that's what it's
2:19
got to be. I mean,
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>> I guess the everything down there,
2:23
they're not paying the Las Vegas
2:26
Boulevard prices
2:28
for these massive
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land
2:32
loans that they've taken. I mean, it's
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got to be such a huge number. The people
2:37
who own that land that the building sits
2:39
on or the or the building itself, I
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don't know.
2:42
>> Well, here's I think what ends up
2:43
happening. You think of like MGM as a
2:46
for instance. they had MGM Grand and
2:48
then they I don't know what order these
2:49
things happen in but then they like buy
2:51
the Bellagio and they got to finance
2:52
that in and they go like buy Mandalay
2:54
Bay and Excalibur and again I'm not sure
2:56
exactly what order all the things happen
2:58
in but now MGM has leveraged money upon
3:02
money upon money to get MGM Grand to
3:05
have Excalibur to have the luxury to
3:07
have Mandalay Bay to have New York New
3:09
York to have Monte Carlo
3:11
>> but they didn't have the money to buy it
3:12
in the first place I don't understand
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how
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>> they could even get approved move to buy
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something if the margin isn't big
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enough. If I want to go and buy a car, I
3:20
have to show that I make enough money to
3:22
make that payment on that car. And if
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they're just barely squeaking out a
3:26
number as big as all the money owed, who
3:30
keeps loaning them the money?
3:31
>> Well, here's what like a car,
3:32
>> they want them to default.
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>> A car is a depreciating non-income
3:35
producing asset. So, you have something
3:38
like a house or a hotel.
3:39
>> I could use that as that. I can use
3:41
that. That's fine.
3:42
>> You have an incomeroucing asset. a house
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that someone's renting from you, a
3:46
rental property. So now you have, you
3:49
know, the the value of the home is X,
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the the debt on the home is Y, and the
3:53
income is is Z. And they put that on the
3:56
computer. It's like, okay, well, now
3:57
we'll lend you more money to go buy
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another house because
4:01
>> this is rented out. It's making money,
4:02
and you have your debt to income ratio.
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Well, that's what's happened,
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>> right? But then it crashes
4:06
>> and CO happens and then yes,
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>> you know, or or you know, you start not
4:11
making enough money. So now you got to
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start coming up with ways
4:14
>> finding money and then you get more
4:15
investors and then those investors want
4:17
their money back obviously.
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>> So it's in a precarious spot which has
4:20
led us to the point where now Caesar's
4:21
just is selling at a fire sale price.
4:24
>> Yes. What I think their highest that I
4:26
ever saw was like 120 a share or
4:28
something. It was high. It was over 100
4:30
and and they're selling for less than
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40.
4:32
>> It is literally the scene at the end of
4:34
casino. We've talked about this before.
4:36
Yeah. where Robert Diero's narrating and
4:39
they're talking about like how the
4:40
corporations came in and like tore down
4:42
this building and built up this thing
4:44
and like
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>> and that was 30 or 40 years ago now when
4:47
that movie came out
4:48
>> and like that narration is now coming to
4:51
like this final conclusion that
4:52
>> so so now is it the corporations being
4:56
torn down by the by the banks that they
4:59
owe money to or the investors if you
5:01
want to say that they owe money to that
5:03
are like hey we want our money back
5:05
>> right now you're
5:06
Right now, at this very moment we're in
5:08
this, the next person's coming in and
5:10
assuming the debt,
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>> right?
5:12
>> And like passing the baton.
5:13
>> So, I'm not sure exactly where at some
5:15
point someone's going to have to write
5:16
off billions of dollars.
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>> That's what I'm thinking. What's going
5:19
to end up happening?
5:20
>> That's what it sounds like. Yeah.
5:22
>> Because the Caesar's buyer, you know,
5:24
for Teddar is assuming the debt. So, no
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one's writing that debt off. they're not
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going bankrupt
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>> and he can afford to
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>> Well, he financed it and so
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>> Well, yeah, there were 10 different
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>> people or banks or whatever that joined
5:38
to finance, but I still Yeah, it's
5:42
>> it's amazing to me that that someone
5:44
like you or I
5:46
>> would have a hard time buying a house,
5:49
right,
5:49
>> based upon
5:51
>> the income. Even though we have the
5:52
money in the bank that could pay cash
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for the house, we can't get a loan
5:57
because we don't even have an income
5:58
right now.
5:59
>> But a guy can say, "Hey, I want to buy
6:01
Caesars for billions of dollars." And
6:04
people jumping at it, throwing money at
6:07
it.
6:07
>> It's it is a real world weird world that
6:09
we live in. So,
6:10
>> and it's defaulting as we speak. Like,
6:12
it's it's crashing. It's the the numbers
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don't lie.
6:16
>> And there's still people that want
6:17
>> billionaires doing things in Las Vegas.
6:19
>> Yeah. Uh, Bill Foley has now officially
6:21
launched his bid to get the NBA
6:23
franchise,
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>> which is cool.
6:24
>> And
6:25
>> I think it's cool.
6:26
>> If I were a betting man, which you guys
6:27
know that I am,
6:28
>> right?
6:29
>> I would put my money on him getting the
6:30
franchise.
6:32
>> You have a guy with a proven track
6:33
record here. Look what he's done with
6:34
the
6:34
>> That's why I think it's cool. That's
6:36
exactly why I think that he's proven it
6:38
with the Knights. I I think that it
6:40
>> he can do the same.
6:41
>> He's been good for the city.
6:42
>> Yes.
6:43
>> He did he's done a great job with the
6:44
team. He's got him to the finals three
6:45
times, got one championship,
6:47
>> and he's going to get him to hopefully
6:48
play at T-Mobile,
6:49
>> which makes sense. I've talked about
6:51
this over and over again. Why build
6:53
another one? Yeah. Yeah. We have so many
6:55
venues. They're already building a
6:57
baseball field now. And when there's no
6:59
baseball, they're going to have to fill
7:00
that with concerts and things.
7:02
>> So, you've got You want to build a just
7:04
an NBA stadium? That's insane. Put it
7:07
with the hockey T-Mobile.
7:09
>> $300 million to upgrade T-Mobile because
7:12
And I thought that was funny. This is
7:13
not I'm not sure what standard this is.
7:16
>> Well, you know, the NBA players are like
7:18
princesses and hockey players aren't.
7:20
Hockey like just give me my pads and my
7:22
skates. I'm good. You know,
7:23
>> to be fair, when I go out, I've always
7:25
felt like it's a kind of a a rugged,
7:28
rudimentary, okay, nice, you know,
7:30
stable, nothing, no frrills, no thrills
7:32
kind of thing.
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>> So, this would make it
7:34
>> So, the NBA probably wants like digital
7:36
marketing all over the walls and stuff.
7:38
>> I'm thinking it's sweets, food
7:40
experiences,
7:40
>> sweets. Yeah, sweet. there aren't a lot
7:42
of sweet,
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>> you know, maybe that's why
7:43
>> they have a level. They do have a sweet
7:44
level, but I guess maybe they need more.
7:46
>> I think that, you know, it just again
7:48
it's there are other stadiums in the
7:50
league that open around the same time
7:53
that I think we're a notch or two higher
7:55
in my opinion. I've been, you know, go
7:56
to a lot of stadiums.
7:57
>> Um,
7:58
>> so
7:59
>> it's sad to say that this makes sense.
8:00
It's sad to say that I feel like 300
8:02
million isn't that much money to upgrade
8:05
a massive building like that when you
8:07
hear about the renovations that were
8:08
just done here and the money they spent
8:10
here. And this place doesn't look a lot
8:12
different. It looks newer. I mean, they
8:14
changed out some of the stone, put new
8:17
faux walls, but it doesn't look that
8:21
much different to me. And they blow
8:24
through millions when they do this kind
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of stuff.
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>> I I think that this is by far and away
8:29
the best plant. You have an arena in a
8:32
spot that I think works really well.
8:35
>> One of the best spots in town.
8:36
>> Parking all around it. You have Las
8:38
Vegas Boulevard access. You have Frank
8:40
Sinatra access. You have Frank Sinatra
8:42
access with an exit that comes right off
8:43
the highway like almost like right into
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the parking lot.
8:46
>> But then all the people that go to these
8:48
games, which is a large portion that are
8:50
from out of town.
8:51
>> There's a lot of rooms within walking
8:53
distance there. And there's also a
8:54
Montreal across the street that can get
8:56
you
8:56
>> up and down.
8:58
>> Yeah.
9:00
that size arena there just the traffic
9:01
problem is never really that bad there
9:03
again compared to what I used to deal
9:05
with as a kid
9:06
>> going to the capital center going center
9:08
it was a nightmare
9:09
>> oh yeah not even close
9:11
>> and and I've never sat in a nightmare
9:13
>> think of the streets you're going down
9:14
that are what two lane three lane four
9:17
lane at the most in DC
9:19
>> um just around the city and here you go
9:22
down Tropicana it's it's eight lanes
9:24
it's four on each side
9:25
>> the highway's right there
9:26
>> the highway's right next like it's such
9:28
an easy access point.
9:29
>> I just I'm not I'm not I'm not a fan of
9:33
>> waste or you know like even though we
9:34
live in a town of extravagance
9:36
>> sometimes things feel like
9:38
>> people are just pissing money out of the
9:40
wind.
9:40
>> Why why would they need
9:41
>> why do we need another two billion
9:42
dollar building?
9:43
>> Yeah. I don't doesn't make sense to do
9:44
what this building can already do.
9:46
>> Yeah.
9:46
>> The baseball stadium makes sense because
9:48
you need a baseball stadium.
9:49
>> You can't play baseball at two.
9:50
>> The football stadium makes sense. You
9:51
need a football stadium. You're going to
9:52
have a football team
9:54
>> again.
9:55
>> And they sell those out all the time.
9:57
The football stadium at least. And I'm
9:58
I'm a little bit worried about baseball
10:01
because it's such a long season.
10:02
>> I think it's going to do just fine.
10:04
>> And I I hope it does.
10:05
>> I really do. I hope it does.
10:06
>> What this city has proven and again what
10:07
what's unique about here and nowhere
10:09
else is that people love to come to
10:11
Vegas. People love their sports. People
10:14
bring their sports love to Vegas to go
10:16
see their team.
10:16
>> Yeah. It's usually about a 50/50
10:19
uh people who come to see their team
10:21
play. And you look around the stands,
10:23
it's never just like
10:24
>> unless it's the playoffs.
10:25
>> Yeah. They'll go playoffs here. I don't
10:27
think they even sold tickets to people
10:28
from out of town. There's like a
10:30
thousand people from the other team.
10:31
>> Oh my god. The Raiders fans during the
10:32
playoff games here.
10:33
>> Yeah.
10:34
>> Oh, wait a second.
10:35
>> There's not playoffs for the Raiders.
10:37
>> Kind of like the Cowboys.
10:38
>> When the baseball team, which is
10:40
obviously coming, is here.
10:42
>> Yeah.
10:42
>> And we have the NBA team. This will be
10:45
one of the few cities in the country
10:46
that has all the major sports,
10:48
>> which is very cool.
10:49
>> It's amazing. It was like running
10:50
through my mind earlier today, and
10:53
there's only like five or six of them.
10:55
like New York,
10:56
>> LA, Dallas, Miami,
10:59
>> and Washington, and I was Chicago. And
11:01
then I was like running out of
11:03
>> running out of places or running out
11:04
teams. I think maybe Colorado or Denver
11:06
has it.
11:07
>> Hockey, baseball, football.
11:09
>> That's I think that's it. I think that I
11:11
think that's it.
11:11
>> Hockey, baseball, football. It's not
11:12
four sports anymore. What's the four?
11:14
>> No, Denver has it. It's It's football.
11:17
>> Yeah, they have
11:18
>> baseball, basketball,
11:19
>> Rockies,
11:19
>> NHL,
11:21
>> and uh and the Avalanche. And then
11:24
>> what is the other four? Is it 14? It
11:25
said five teams.
11:26
>> What's the fourth sport that I'm missing
11:28
here?
11:29
>> Basketball.
11:29
>> Four. Yeah, basketball. Fourth sport.
11:31
>> Basketball. I'm forgetting basketball.
11:32
>> It said five when I was like reading it.
11:35
Uh any rate, like we're one of the few
11:38
cities. They
11:38
>> have a soccer team.
11:39
>> Is that the soccer? Was it the other
11:41
one?
11:42
>> They have they do have soccer teams in
11:44
LA.
11:45
>> We're going to have that too here.
11:48
>> So anyway, we're it's it's I think it's
11:50
just a a sports marvel. We've talked
11:52
about this many, many times because we
11:54
have this dynamic of all these people
11:56
from out of town come to see their team
11:57
here and then experience the rest of
11:59
Vegas along with it. So,
12:00
>> yeah, it makes it pretty awesome
12:02
actually. I like it.
12:03
>> Uh, Gold Spike has sold for 11.4
12:05
million.
12:06
>> It seems very cheap. There's houses in
12:07
this town that are more than that.
12:09
>> It seems cheap because it's sold for 27
12:12
million in 2013.
12:13
>> Yeah.
12:13
>> So, almost a 2/3 haircut.
12:16
>> Yeah. It's It's nothing special. It's
12:18
downtown. We've been there. We did a
12:20
like a pub crawl through there one night
12:23
um in onesies. Uh I don't think we have
12:25
footage of that and I'm pretty happy
12:26
about that. U but yes, it's uh it was
12:30
bought back by Tony. Remember I think
12:32
you were there
12:34
>> was a Zappos guy. He uh he we we met
12:37
him, ran into him at one of the speak
12:39
easyies downtown one night. Never
12:41
stopped working and then uh he was he
12:44
passed away.
12:45
>> He was revitalizing downtown. It's
12:47
pretty attractive. It was pretty crazy
12:48
actually. I don't want to get into it.
12:50
>> No, we don't need to get into it. But he
12:51
he was really putting a lot of money
12:53
into downtown. Um and that was about the
12:57
time when we went to that to the Gold
13:00
Spike. A lot of fun outdoor back area,
13:03
lots of like oversized games, Jenga and
13:05
stuff like you know you can play with
13:07
like uh you can play beer pong with like
13:09
soccer balls and massive cups and yeah
13:13
it is a fun place to check out but
13:15
doesn't get a lot of business. I I don't
13:17
know why they're buying it. I if they
13:19
hopefully they're going to do something
13:20
big with it, make it a place to go.
13:22
Maybe turn it into something else. It
13:24
didn't have gaming.
13:26
>> Yeah. Well, it has a license though.
13:28
>> It has a license, but it didn't have
13:29
gaming when we were there.
13:30
>> He has a grandfather unrestricted Nevada
13:32
game license, which is really coveted.
13:34
>> Very good.
13:34
>> It It's kind of a sad ending to all this
13:36
because he did so much good for the
13:38
city,
13:39
>> especially for downtown Vegas. He really
13:41
helped revitalize that whole area. it
13:43
was on this trajectory and but his
13:45
vision when he passed away and it just
13:48
goes to show you like no matter how much
13:50
you have and how hard you work or
13:52
whatever as soon as you're gone like a
13:54
lot of things just go away and people
13:56
kind of forget
13:57
>> and Zapos man his employees oh
13:59
>> they all loved them
14:00
>> loved them loved him
14:02
>> great one of the greatest places to work
14:04
is what I was told by everyone that I
14:07
ever met that either knew him or worked
14:09
for Zapos one of the greatest companies
14:11
to work for
14:12
>> his plan for the quote unquote downtown
14:14
project there which included where the
14:16
Zapos headquarters is
14:18
>> and all things around it including Gold
14:19
Spike just kind of is all completely
14:21
unraveled. So it's like no one even
14:23
knows that that even exists.
14:24
>> Have someone with a vision that's that's
14:25
there all the time. I am glad to see
14:29
at least from the perspective of what he
14:31
started is progressing in other parts of
14:34
that area because the arts district
14:36
>> happening and and everything else
14:38
>> it's changed a lot
14:39
>> is all a part of what he was like the
14:41
investment he started there
14:43
>> put other people's money on the line as
14:45
well like we're going to follow in his
14:47
lead and and
14:48
>> things had kind of like progressed so
14:49
much by the time he passed and all the
14:51
other things were in motion so much that
14:53
those things are all still happening and
14:54
it's now a snowball I think that's going
14:56
continue to perpetuate in that area.
14:58
It's really nice.
14:58
>> I really do like theirs what they've
15:00
done. Yeah, it's nice. It's awesome.
15:02
>> Oh, your old slumping grounds in South
15:03
Point. It's the richest bingo events in
15:06
Nevada.
15:06
>> This is crazy. They've done a few of
15:08
these, but they were smaller.
15:09
>> Um and it was funny cuz when I would
15:12
come and go from the poker room to to my
15:14
car, um there was there were all these
15:17
people with bingo shirts and bags with
15:19
dobbers and all this stuff. And I was
15:20
thinking, is it really that these people
15:22
are crazy? They really get into this.
15:24
And now $2 million summer bingo.
15:27
>> What is going on with this?
15:28
>> It's gigantic.
15:29
>> But he knows how to pull in the old
15:30
school stuff. Man,
15:32
>> this guy over there is is
15:33
>> July 17th and 18th. So like right around
15:35
the corner from when this publishes
15:36
>> Michael Gong, he's he's he knows how to
15:40
get stuff done. He pulls people. I will
15:43
walk through a casino other than South
15:46
Point and there's, you know, there's
15:48
people, but not not everywhere. Not
15:50
packed. That place is packed. Friday,
15:52
Saturday nights. Yeah.
15:54
>> Packed. Every single machine. It's
15:56
crazy.
15:57
>> It reminds me of our time in Hole.
15:59
>> Yeah.
15:59
>> That place packed as well.
16:00
>> It was. It was.
16:02
>> Yeah.
16:02
>> Uh $495 gets you a nine pack, food
16:06
coupons, and a an adobber.
16:08
>> Yeah. But it's pretty much sold out
16:10
already. So, that's just We're just
16:12
letting you know what other people have
16:13
already paid.
16:13
>> If you want to buy someone else's ticket
16:14
for $800, you can probably get into it
16:16
still. Probably selling.
16:18
>> I doubt it. I doubt they would sell. If
16:20
they got a ticket, they're not selling.
16:22
These people, they're die hards. It's
16:24
the truth. I'm telling you, they're die
16:25
hards.
16:26
>> We do. We play bingo every once in a
16:28
while for fun. They do a one here
16:29
actually. Rocking
16:31
bingo. They play uh they play rock music
16:34
the whole time or whatever. They they
16:35
hand out jello shots and if you're ever
16:38
interested, it's a lot of fun at Green
16:39
Valley Ranch. They do that here.
16:41
>> Uh another story of wish was not
16:44
winning.
16:46
>> We haven't even hit a grand jackpot. Not
16:47
one of the mega bucks. $10.3 million
16:49
hits at the Westgate. This is a little a
16:52
mistake here when I read through this.
16:53
>> Oh yeah.
16:54
>> Yeah.
16:55
>> Uh stay wide progressive that resets at
16:57
10 million every time it's won. So this
16:59
was near the top of the range. That's
17:01
not the top. That's the start of the
17:03
range. Yeah. Um I've had someone that I
17:06
knew was a cocktail waitress here when I
17:09
worked at Green Valley years and years
17:10
and years ago. Uh she hit it at the end.
17:14
17 million and change. You know the
17:17
500,000 or whatever. We don't add that
17:19
in. But
17:20
>> when she hit that, did she come in here
17:21
when the PA be like
17:22
>> No.
17:23
>> have one of those.
17:23
>> She didn't even come back here.
17:24
>> They didn't bother.
17:25
>> No, she actually didn't. Hey,
17:27
>> it's people that are here. We know.
17:28
>> Hey, people we know.
17:30
>> It's degeneration
17:32
>> doing our podcast.
17:34
>> It's the middle of the podcast.
17:36
>> Well, that's how we roll.
17:37
>> It wasn't We didn't hit the mega bucks.
17:39
>> We did not hit me bucks,
17:40
>> but we we
17:41
>> we're almost done.
17:41
>> We've hit a mega bucks of friends that
17:44
>> one just locked up right now.
17:45
>> Well, how can we go wrong? So,
17:47
>> we have 10 10.3 million followers.
17:50
>> Yeah, that would be nice.
17:51
>> That would be cool.
17:52
>> That would be nice.
17:52
>> Guys, I thought this was an interesting
17:54
Mrs. Dent actually mentioned this
17:56
>> milestone.
17:56
>> It just it's like a year where like all
17:58
these things are coming together. You
17:59
got the flamingo turning 80, which was
18:01
how it all started.
18:02
>> The first mega resort.
18:04
>> Yeah.
18:04
>> Of December 26th, 1946.
18:06
>> Okay.
18:07
>> So, that'll be 80 years.
18:09
>> The oldest surviving resort on the
18:10
strip, the old Bugsy Seagull thing. They
18:12
got Caesar's Palace, which I didn't
18:14
quite put together that this was that
18:15
old. 60 year anniversary this year.
18:16
August 5th, 1966.
18:19
>> They're all
18:19
>> station casinos, which we're in right
18:21
now. Thank you stations for having us
18:22
here. 50th anniversary, they had what
18:25
became Palis Station. July 1st, 1976.
18:28
>> 76. Yeah,
18:29
>> I'm a bsentennial baby, so it's a fun
18:31
year for me as well.
18:32
>> They do a lot of uh things out here at
18:35
stations specifically for these big
18:37
momentum.
18:38
>> This is a big year.
18:39
>> Movers. Yeah,
18:40
>> year.$1.99
18:41
margarita at the bar.
18:43
>> Well, maybe we'll go to that right after
18:44
this. Let's go.
18:45
>> Uh the Strats turning 30.
18:46
>> If you've never been to the top of that,
18:48
you got to go check that out.
18:48
>> April 30, 1996.
18:51
>> That opened shortly uh before my first
18:54
trip here,
18:55
>> right?
18:56
>> Uh Park MGM, which is now
18:59
>> Oh, sorry. Mon Carala, which is now Park
19:01
MGM.
19:02
>> And I had no idea this was that old cuz
19:03
I I this opened shortly before my first
19:05
came because we used to stay there. It
19:06
was my favorite spot.
19:07
>> Monte Carlo June 21st, 1996.
19:11
>> So all those things are happening uh
19:13
this year. all those big anniversaries.
19:14
So, if you're in Vegas, go by, stop and
19:16
pay homage to uh to those places.
19:18
>> There's an honorable mention for the
19:19
Hoover Dam was just named to the Las
19:20
Vegas Magazine's 2026 Hall of Fame. Um
19:24
if you've never done the damn tour, get
19:26
out here and do it.
19:26
>> Go do a damn tour.
19:27
>> Do the damn tour.
19:28
>> Go do it. It's pretty wild.
19:29
>> Yeah, it's cool to see before before it
19:31
stops moving before it stops producing
19:32
power.
19:33
>> It's still drying. The concrete's still
19:34
curing and it leaks. Like there's like
19:36
>> It's crazy.
19:37
>> It's like a like the lay caverns where
19:38
like it's like drip drip inside the uh
19:41
>> inside. This is kind of a small story,
19:42
but I think it's
19:44
>> I I threw this in here cuz I see a lot
19:45
of people that travel.
19:46
>> Yes.
19:46
>> Either that live here or, you know,
19:47
whatever. But prices are always going
19:50
up.
19:50
>> So, long-term parking uh here at Harry
19:53
Reed Airport is going to 20 bucks a day.
19:54
It was 14.
19:56
>> Uh and then short-term parking is also
19:58
going up with a $38 a day max.
20:00
>> It's only a couple bucks and they've
20:02
actually waited seven years to increase
20:03
this. So, it's not it's not that drastic
20:06
of a thing, I don't think. I know
20:08
everybody thinks you're being nickeled
20:09
and dimed everywhere you turn, but
20:11
you've got to think this. It's been 7
20:12
years since they've up the prices. I
20:15
think it was kind of due for an increase
20:16
a couple bucks. Not a big deal.
20:18
>> I'm happy they were doing it because
20:19
every time I think about do I drive and
20:22
park there or take the Uber, now
20:24
justifies the
20:25
>> the Uber.
20:26
>> Yeah, we Uber anyway.
20:27
>> So,
20:27
>> we never park there.
20:28
>> Yeah.
20:29
>> All right. Uh to end today, Las Vegas
20:32
was just named the number one conference
20:33
city in America.
20:34
>> I like it.
20:34
>> Uh best conference city for 2026, 2027.
20:37
I don't know how they know hotels next
20:39
year, but
20:40
>> uh it it's this constant counterweight
20:42
to the Vegas is struggling, I think, cuz
20:44
the conference market continues to do
20:45
well here. I mean, it makes a lot of
20:47
sense. I, you know, would want to throw
20:49
a conference here myself. You have all
20:51
the conference space. You have whether
20:52
it's at the Las Vegas Convention Center,
20:54
which is now linked up with all the the
20:55
the Tesla Loop stuff, which is really
20:57
convenient, or you have it at the
20:58
Venetian, or you have it at the Win, or
21:00
you have it at Mandalay. Plenty of hotel
21:02
rooms, lots of great food. Um, plenty of
21:05
late night entertainment in this town. I
21:07
don't know if you know about that.
21:08
>> There is.
21:08
>> I don't know about it, but I've heard
21:10
entertainment.
21:10
>> I mean, lot to do here.
21:12
>> Food's okay.
21:12
>> Food's great.
21:13
>> There's some shows.
21:15
>> Forget about it.
21:16
>> There's like a the 5:00 magic show over
21:18
at the Westgate.
21:19
>> Yeah, that's where I'm heading later.
21:20
>> J Kmart. She She does a good job.
21:23
>> Yeah.
21:23
>> Well, that's about it.
21:24
>> All right. You might come do this again
21:26
next week?
21:27
>> Let's come do this next week. We'll see
21:28
you then. Byebye. Don't forget to hit
21:30
like and subscribe.