Latest / Desert Degens Podcast / Vegas Is Booming Again… Or Is It??

Transcript

Vegas Is Booming Again… Or Is It?? · Desert Degens Podcast

0:00
Well, one thing that's going to
0:01
definitely help visitation numbers, the
0:03
Super Bowl's coming back market stuff is
0:06
heating up. I'm not thrilled with this
0:07
as I use uh some shake off.
0:12
So, in the monkey see monkey do bucket.
0:16
I I I'm surprised that they were able to
0:18
put this together so quickly because
0:20
last week it takes time to do these
0:22
things.
0:26
All
0:29
right, guys. Today's lead story is kind
0:32
of like a conglomeration of good news
0:34
and bad news.
0:35
>> Conglomeration.
0:36
>> Yeah. It's like when you take more than
0:37
one thing and put it together.
0:38
>> I like when you use big words. Makes me
0:40
think you're smart.
0:41
>> I have time to plan this. That's That's
0:43
how I can do it. Yeah. I like that.
0:45
We're playing slots and I got to think
0:46
of things off the cuff. I have to use
0:47
the the small threeletter words. But
0:49
>> Right. Right.
0:49
>> It even says right here. Oh, it actually
0:51
doesn't even say collaboration. Oh, no.
0:53
I made that one up.
0:54
>> Hey, listen.
0:56
visitation finally grew for the first
0:57
time 14 months. When we started doing
1:00
this story,
1:02
>> first episode, it's been a couple months
1:03
now.
1:04
>> It was like 11 months straight. I'm
1:06
like, there's no way.
1:07
>> But more people are coming to Vegas now
1:09
because of our podcast.
1:10
>> That's right.
1:12
>> Yeah. I think that
1:13
>> Can you count a half a person? It's like
1:15
a half a person.
1:16
>> At least one.
1:17
>> Okay. At least one more person came
1:18
here. So, yeah. So February numbers are
1:21
in
1:22
>> uh cuz it it always lags and so it's up
1:25
2.1% year-over-year. Again, uh the first
1:28
time in 13 months we've had an uptick in
1:31
visitation.
1:32
>> Hotel occupancy hit 81%. That's really
1:35
>> which is actually pretty good. You got
1:36
to remember midweek from where it was
1:38
and it's what's it's going up. Average
1:40
revenue was up as well, 193 million. So
1:43
all those things are good. Uh you know,
1:45
it's showing that there's there's some
1:46
rebound here. uh gaming overall one you
1:50
know gaming take 1.23
1:53
oh this is the actual revenue uh billion
1:55
>> billion
1:56
>> it's the 60th month in a row
1:58
>> it's
1:59
>> over a billion dollars
2:00
>> yeah so it's insane you know that's
2:01
stronger win jumped 44%
2:04
>> uh
2:05
>> I think that was all bluff
2:07
>> yeah he's a little crazy this guy
2:10
>> is crazy he is
2:11
>> sports revenues down 14.4% 4%. I think
2:14
that'll be up next month, right?
2:16
>> Because of March Madness. Wait, wait for
2:17
next month.
2:18
>> You do have the Super Bowl in February,
2:20
>> but you know, it's just one game.
2:22
>> It's one game. Yeah. March Madness is
2:24
much bigger.
2:24
>> Yeah.
2:25
>> So, we all expect Sports Book to be up.
2:27
>> Um, yeah, it's it's interesting. So, the
2:30
again the good news, bad news. Now,
2:31
here's the here's the part that's like I
2:33
was making a joke about foundations
2:34
cracking or whatever last week,
2:36
>> right?
2:36
>> The airport traffic's still down, which
2:38
has always been the bread winner here.
2:40
Obviously like people coming in by car
2:42
from SoCal, from Phoenix,
2:45
>> you know, even up from like Utah,
2:46
whatever.
2:47
>> It's important. Don't get me wrong. It's
2:49
important, but having these
2:51
international visitors that is down
2:53
10.9%.
2:54
>> I think that's down a little bit from
2:56
all this uh TSA garbage though, that
2:58
people are just not wanting to fly right
3:01
now cuz they've heard of how long the
3:03
lines are, how bad TSA is right now.
3:05
Hopefully that's
3:06
>> remember these numbers are all in a
3:08
rears. So it's uh
3:09
>> it's this is February. I don't think
3:11
that that was really an issue there. I
3:12
think that it's just some like
3:13
geopolitical tension stuff.
3:15
>> A lot of people just don't want to go to
3:16
the airport.
3:17
>> Yeah.
3:17
>> I mean you don't want to go
3:19
>> private
3:20
>> market
3:21
>> private
3:23
>> private planes. Is that down? I don't
3:25
know. Is that down? I mean when we drive
3:27
to the strip sometimes there is a
3:30
parking area for private jets and I
3:32
haven't noticed it overflowing like it
3:34
does like during F1 and things like that
3:36
but
3:36
>> like Henderson
3:38
Yeah, I'm not sure about the private
3:40
jets.
3:40
>> Yeah, they don't they don't track that.
3:42
This is, you know, Harry Reed public
3:43
information. The private jet stuff is
3:46
mostly private. I mean, they they do
3:47
they do track landings and stuff.
3:49
>> Uh but the airport had 3.88 million
3:51
passengers in February.
3:53
>> Again, down three and a third 3%
3:55
year-over-year. Domestic travel down
3:57
2.8%. Again, the international being
3:59
down. I again I attribute this to just
4:01
geopolitical tensions. There's
4:03
>> conflict in the Middle East. Yeah,
4:05
>> you have uh
4:07
>> you know we try not to get political
4:08
with this stuff. We're just trying to
4:10
state the facts for for people coming
4:12
internationally. Passport checks are
4:14
more scrutiny, visas are more difficult
4:16
to get, etc., etc. And people do notice
4:19
even though we don't talk a lot of
4:20
politics, we do notice these things that
4:21
are going around around the world and
4:24
>> it's definitely having an impact. So
4:26
>> So you I do see this being an issue
4:28
because now we're relying on
4:30
>> motor vehicle traffic from SoCal, etc.
4:34
to go up and gas is now up. So, and that
4:36
just happened. So,
4:38
>> again, these numbers are kind of 6 weeks
4:39
behind. So, we'll see
4:41
>> how that affects things. It's going to
4:43
make a difference. Like people coming
4:45
from SoCal when the gas was $4 a gallon
4:47
there.
4:48
>> Now, it's it's $6ish, probably even
4:50
closer to seven cuz we uh I just went
4:52
with your wife for the first time to get
4:54
gas yesterday. I didn't cuz I have an
4:55
electric car and uh so I don't even pay
4:57
attention.
4:57
>> Was it five?
4:58
>> Well, at Costco was like 450, I think.
5:00
>> Okay. Costco gas is usually at least 50
5:02
cents cheaper than
5:03
>> but it was it's 50 like on all the poles
5:05
around town it's it's five or more and
5:07
oh my lord if you drive a diesel right
5:08
now
5:09
>> I used to have the RV with the diesel
5:11
man that used to be cheaper
5:13
>> used to be a buck cheaper
5:14
>> I don't understand why it became more I
5:16
don't know they're not making as much I
5:18
guess
5:18
>> well one thing that's going to
5:19
definitely help visitation numbers the
5:21
Super Bowl's coming back
5:23
>> yeah but not for a while
5:25
>> it's 2020 couple years
5:27
>> yeah we got a few years
5:28
>> I mean it's the this year Super Bowl
5:30
will 2027, right?
5:32
>> So, it's 2 years past that.
5:34
>> Maybe we'll go to that.
5:35
>> I would love to go to the Super Bowl. I
5:37
haven't been to one in in 20 years. I
5:39
was in Miami.
5:40
>> Uh we we had won a trip through we were
5:42
doing on on my poker affiliate stuff
5:44
back then.
5:45
>> But it was just it was neat. We got, you
5:46
know, just just the excitement and and
5:48
back then it was like 900 bucks a ticket
5:50
and now I think it's like $9,000 a
5:51
ticket. Things have really gone out of
5:53
control. But the Super Bowl I think was
5:55
a huge success here. We went to media
5:57
day. That was a ton of fun just to just
5:59
to go see it. that was free. Went in
6:00
there and okay,
6:01
>> uh,
6:02
>> you know, the the Chiefs and 49ers were
6:04
on the field and going from station to
6:06
station doing interviews and stuff and
6:08
there was a, you know, really good buzz
6:10
in the in the building. We just kind of
6:12
went down and did that. But yeah, it
6:13
would be neat to
6:14
>> to to go to that. But it had a billion
6:16
dollar economic impact on the city. Drew
6:19
over 330,000 visitors.
6:21
>> Wow. Yeah.
6:21
>> Which is nuts. Now, I mean, I think that
6:23
what they're doing is they're, let's
6:24
just say a typical Super Bowl draws a
6:26
quarter million visitors. So now you got
6:27
70,000 fans filling seats on top of that
6:30
is probably how they come up with that
6:31
number.
6:32
>> Like a day of really large numbers here
6:34
for this podcast today.
6:36
>> These are some big numbers.
6:38
>> Billion dollar impact. That's that's a
6:40
lot.
6:41
>> So it's it's cool to see Vegas getting
6:42
this stuff. We talked about this last
6:44
week. Just
6:45
>> Vegas has not lost its edge on live
6:47
entertainment,
6:47
>> right?
6:48
>> Uh and if that starts to fade, then
6:50
we're going to have some really big
6:51
problems here. But hopefully that will
6:53
continue to uh to
6:56
>> So if you're in college right now and
6:58
you're thinking about a job,
7:00
>> come help Vegas.
7:02
>> Come revitalize the Vegas
7:06
industry. Gaming
7:09
title. Yeah. You come out here.
7:10
>> Come help. Come help.
7:12
>> What do you do? I come help Vegas.
7:12
>> I come help Vegas. Start a start a
7:15
>> job of your own. Maybe maybe you can
7:18
consult and help.
7:19
>> I think that we help. We do. Yeah, we
7:21
do. Absolutely.
7:22
>> No one seems to thank us.
7:23
>> You said we got at least one person to
7:25
come to Vegas.
7:26
>> Yeah.
7:26
>> Because of this podcast. So, I think
7:28
it's more.
7:29
>> I mean, I know cuz we they've come to
7:31
meet us.
7:31
>> Our our friends just came in. There's
7:33
three friends that came,
7:34
>> right? That's three people through the
7:35
airport helping out the statistics. He's
7:38
sitting here watching us.
7:39
>> Yeah. He's like, "Hey, what about me?"
7:40
>> Yeah.
7:41
>> I love the impact.
7:42
>> All right. Well, switching gears, we
7:43
have uh we've been putting things in
7:45
categories now. So, we have operators,
7:46
infrastructure, and mobility. So,
7:48
Downtown Grand uh is now in receiverhip,
7:52
which is a fancy word for bankruptcy.
7:54
>> Oh, that's Yeah, that's not a that's not
7:56
a that doesn't mean bankruptcy.
7:57
Receiverhip.
7:58
>> Yeah, they not not in my mind.
8:00
>> They defaulted on their loan. That means
8:02
>> and now receivership. Yeah, the bank has
8:04
taken over and
8:05
>> I would have not thought that that
8:07
>> meant bankruptcy.
8:08
>> Yeah, receiver.
8:09
>> They just sent me a email yesterday.
8:11
Downtown Grand
8:13
>> Please come help us out of our
8:14
>> trouble. It was like It was like $100
8:18
for a room, a $50 food credit, no
8:23
parking fees,
8:24
>> no resort fee.
8:25
>> Okay.
8:26
>> And uh I think there was something about
8:28
the pool included, too, for the downtown
8:31
Grand.
8:31
>> Okay.
8:32
>> So, they must be just trying to get a
8:34
last money grab before they actually
8:36
file the paperwork. They had a uh $82.5
8:39
million loan uh that has now swelled to
8:41
90 million because they got interest
8:42
compounding and they're not paying their
8:44
bill. So a report uh appointed receivers
8:46
is making are marketing the asset to 160
8:49
potential buyers. So again it's a
8:50
bankruptcy. They're trying to liquidate
8:51
the the assets. It's kind of a
8:54
>> I mean it's it's a default on a loan.
8:55
It's not exactly bankruptcy because like
8:57
that's technically a different term but
8:59
you know it's a fancy way or a different
9:01
way they're bankrupt. They can't pay
9:02
their bills and now they're trying to
9:04
find people to bail them out. We're
9:05
going to sell it.
9:06
>> Okay.
9:06
>> Uh for for scraps, you know, hopefully
9:08
they can recover, let's say, 60 million
9:09
or 50 million of their money. And
9:10
>> and what if we could buy it
9:12
>> and then we could film whatever we
9:14
wanted in there. Oh, yeah.
9:15
>> We would have no restrictions.
9:17
>> It'd be like uh rounders in my in my
9:20
casino. I can film whatever we want.
9:22
>> Whatever I want. Okay.
9:24
>> Uh the prediction market stuff is
9:26
heating up. I'm not thrilled with this
9:28
cuz I use Koshi all the time,
9:30
>> right? Uh I understand why the two
9:35
senators here uh Cortez Masto and Rosen
9:38
are co-sponsoring a federal bill now.
9:40
>> Yeah.
9:41
>> Be even more upset if they passes a
9:42
federal level.
9:43
>> I get it. Nevada, you know, their their
9:46
>> strength is is the sports book. I mean,
9:48
obviously now 30 whatever other states
9:50
have sports books, so it's not like it
9:52
once was where they have a show called
9:53
over the country,
9:54
>> but what they do not want is to lose the
9:56
Nevada,
9:57
>> right,
9:57
>> revenue. Well, it used to just be uh
10:00
>> the Guido down at the corner that you'd
10:03
>> you'd say, "Hey, I want the the Patriots
10:05
this weekend and he'd in his little book
10:08
he know."
10:09
>> Well, that's a lot bigger system now
10:11
that they have
10:13
>> and it's stealing a lot of Vegas money.
10:15
>> It's a lot.
10:16
>> It is. It is. Absolutely. I mean, you
10:18
look at the uh
10:18
>> stealing
10:19
>> the uh what was it the you know, earlier
10:21
here the the the sports book handle
10:24
>> uh you know, it's still hundreds of
10:25
millions of dollars a month. Yeah. And
10:28
they don't want that to, you know, get
10:29
eaten up because like that's taxed and
10:31
goes to the state of Nevada,
10:32
>> right?
10:33
>> You know, Cali is a public, you know, a
10:35
registered company and they're doing
10:36
things by the book illegally paying
10:38
taxes, but that's not helping Nevada.
10:40
>> Not the same.
10:40
>> And it hurts
10:43
seizures. It help hurts MGM. It hurts
10:45
the people that really are entrenched
10:47
with lobbying here. And so,
10:49
>> you know, they do use some of that money
10:51
for Nevada roads,
10:53
schools, things like that that are kind
10:56
of important here in Las Vegas. And
10:59
>> I don't know. I mean, it makes sense. I
11:01
understand it. But it's it's tough that
11:03
if you were the one with the business
11:05
that they just kind of shut you down.
11:07
>> I'm pretty sure the money goes towards
11:08
cones.
11:09
>> Cones. Yeah. The state flower. Yeah.
11:11
>> It's a state flower.
11:12
>> Yeah.
11:12
>> They're orange cones. They're
11:13
everywhere.
11:14
>> No one's ever working on the road. They
11:15
just They put the cones out. They're
11:16
everywhere
11:17
>> in our neighborhood right now. They're
11:18
they're doing like they report a curb
11:21
>> and there's two turn lanes. It's a
11:23
really important
11:24
>> busy intersection.
11:25
>> One of the the lanes has been closed for
11:27
weeks.
11:27
>> Yeah. And they're not doing anything.
11:29
>> Nothing. You never you don't ever see
11:30
anybody there.
11:31
>> No, never. It doesn't make sense.
11:33
>> The cones are paid for.
11:34
>> They're preparing. They're preparing
11:36
>> for when they will work on it.
11:37
>> The temporary injunction still in in in
11:40
force. We talked about that last week.
11:41
Uh there is a pending hearing on April
11:43
3rd.
11:44
We'll see where things go. I I'm in
11:47
favor of Koshi staying in the sports
11:49
market here because their lines are
11:51
better and more broken,
11:52
>> right?
11:52
>> Than, you know, because you think about
11:54
>> a bookie, you know, a sports book here,
11:57
>> they have
11:58
>> all this money behind them. The smartest
11:59
people are setting the line.
12:01
>> The line gets set when it opens usually
12:03
pretty dead on and then
12:05
>> the the line will move one way or the
12:07
other based on what side the money's
12:08
coming.
12:08
>> All they're trying to do is make 10%
12:10
>> trying to equalize. So is that like it's
12:13
exactly equalize if there's money here
12:16
>> someone wants to bet then it's going to
12:17
force it the other way and it's going to
12:19
constantly eb and flow
12:21
>> and it becomes pure
12:22
>> what people are betting right
12:24
>> but there are a lot of emotions with
12:26
individuals and so those lines can be
12:28
can be broken you can also hedge
12:30
>> cowi versus sports books so I was
12:33
enjoying those opportunities and then
12:35
they went away
12:36
>> so
12:37
>> we'll see what happens whenever I figure
12:38
out a way to make money they always
12:39
figure out a way to stop
12:41
freaking people, I tell you.
12:42
>> I know.
12:43
>> Uh I think that this is an interesting
12:45
and exciting story as well. Zuk, which
12:48
is one of the autonomous vehicle
12:50
services here in Vegas, they are now
12:52
doubling their zone,
12:53
>> doubling.
12:54
>> So, it's covering like all the strip
12:55
now, right?
12:56
>> The Sphere, T-Mobile, and almost all
12:59
major resorts.
13:00
>> We just talked about this the other
13:01
night because we went to the Sphere and
13:03
I was like, man, it'd be so much better
13:04
if you didn't have to walk all the way
13:06
from the Spear to Las Vegas Boulevard to
13:08
get back into the Palazzo. It's such a
13:10
pain when they close that corridor.
13:12
>> Yeah.
13:13
>> Pick up a zoot. Pick up a zoots and take
13:15
it
13:16
>> right.
13:16
>> Have it drop you off at when you could
13:19
just cross the street right there
13:21
>> or and or you could just have it take
13:22
you to Plaza.
13:23
>> And the zoo's not going to complain. It
13:24
just took you no
13:25
>> 3/10en of a mile.
13:28
>> It's not going to tell you, hey, you're
13:29
lazy. I'm not taking you three miles.
13:30
>> I think it's a little more than 310.
13:31
>> Yeah. A regular cab driver would be all
13:33
mad at you.
13:33
>> Yeah. Exactly. They don't they don't do
13:35
it. I've had it happen. Yeah. I asked
13:37
the cab driver to drive me from
13:38
Tropicana to MGM one time cuz it was
13:40
raining. He said no.
13:42
>> He wouldn't do it. Told him I give him
13:44
$20.
13:44
>> Which still go?
13:45
>> Said, "Don't even turn the meter on.
13:46
I'll give you $20 cash right now." He
13:47
goes, "Nope."
13:48
>> It's weird.
13:49
>> It's actually illegal.
13:50
>> It's illegal for them to do that
13:52
>> to tell you no.
13:52
>> To turn down the fair,
13:53
>> right?
13:54
>> Yeah. And he did it.
13:55
>> They don't like tall people.
13:56
>> I don't know. He just wasn't a nice guy.
13:58
>> Yeah.
13:58
>> Like it's raining. I don't want to walk
13:59
in the rain. He didn't care.
14:00
>> He didn't care. He's like, "I don't want
14:01
to drive in the rain."
14:02
>> Yeah. So uh I think it's interesting
14:05
from a perspective of just from a
14:06
technology perspective. You have AI,
14:08
robotics, auton autonomous stuff coming
14:12
>> 350,000 passengers that's moving through
14:14
the city
14:15
>> uh right now. I mean that's just going
14:17
to now probably double or more. You got
14:19
now especially when it's going to be at
14:20
venues like T-Mobile and Sphere when
14:22
there's like a big influx of people
14:23
coming out. Uh the thing that is really
14:25
interesting is coming up is the Tesla
14:27
loop and all of a sudden
14:38
over Tesla like come in and swoop that
14:41
away to be like bang bang bang.
14:42
>> So all these people are going to lose
14:43
jobs.
14:44
>> So there's they're going to put a lot of
14:46
people out of work.
14:48
>> There's uh some shakeup down
14:51
>> Cortez. uh Adam Weissberg who is now the
14:54
VP and GM. Uh I just wanted to mention
14:57
this story. He was one of the very first
14:59
people that we ever reached out to
15:02
>> in this industry. We uh you know had
15:04
seen Vegas Matt and and Bluff and all
15:07
these guys that are constantly recording
15:08
at Elcortez and this is before we even
15:12
>> really even started. You we're just like
15:13
oh wow like this is the place to be.
15:14
This is the place.
15:15
>> And uh you we thought we would do more
15:17
way more table games way back then.
15:20
>> And eventually Green Valley Ranch and
15:21
Station Casinos gave us permission to to
15:24
record here. And we had our stint of
15:26
doing a bunch of table game stuff, but
15:27
we we realized that that slots is really
15:29
our bread and butter. So we mostly film
15:31
slots, right?
15:32
>> And and the the rules for filming slots
15:33
are much more relaxed. But I I reached
15:35
out to Adam
15:36
>> and he got right back to me.
15:37
>> Right back to you
15:38
>> through through LinkedIn and uh he said,
15:40
"Sorry, son.
15:41
>> Let us know. No, you know, you're
15:43
>> you're a little bit too small right now.
15:44
>> So, but he was very professional and
15:46
sweet about it and and you know, and it
15:48
makes sense cuz he was just like, we
15:49
have and it just goes to show you how
15:51
well uh
15:53
>> or good of a job that he had done
15:54
promoting that casino and it funded this
15:57
awesome expansion and remodel there.
15:58
>> Got hundreds of people that want to come
16:00
and play there and record. He's like, I
16:02
just can't do it.
16:03
>> You got to have 50,000 subscribers to
16:05
even be considered at Elcortez.
16:08
>> I'm going to message him soon.
16:10
>> Yeah. Well, we're almost there. We got
16:12
the 50,000. Tell them we don't need to
16:14
record table games anymore cuz we don't
16:15
do that. But I just want to let you know
16:16
we got the 50,000 and I appreciate
16:18
>> and then are you just going to hang up
16:19
on them or
16:19
>> No, not one bit. I actually I appreciate
16:21
I mean he was super professional. I
16:23
wanted to make sure he really couldn't
16:24
have been I mean just because you got an
16:25
answer that you didn't want. Doesn't
16:27
mean the person's not
16:28
>> That's what I'm saying. I'm making sure
16:29
that you're not bitter.
16:30
>> No, it wasn't bitter at all.
16:31
>> Good. I'm glad.
16:32
>> Uh if he was just, you know, if he was
16:34
rude about it, which he was not.
16:36
>> He was very
16:37
>> professional. Professional. He's just
16:39
like we have thousands of people Well, I
16:41
said hundreds. You just said thousands.
16:43
>> Well, no, he had actually said
16:44
thousands.
16:44
>> Oh, he said thousands.
16:45
>> Yeah. He's like, "We got thousands of
16:46
people that want to come to court here.
16:48
>> You know, we're a relatively small
16:49
casino. There's procedures,
16:52
>> etc. Like, we've had to set the bar at
16:54
50,000
16:55
>> and now it might be higher.
16:56
>> It might be.
16:57
>> It might be. Maybe we should wait till
16:58
we get to 75."
16:59
>> Oh, yeah. Anyway, congratulations, Adam.
17:01
>> Yes, that's awesome.
17:02
>> Like, there lots of people say really
17:04
good things about you in this industry.
17:05
So,
17:06
>> absolutely.
17:06
>> We wish you the best. So, in the monkey
17:09
see monkey do bucket segment.
17:11
>> I I I I'm surprised that they were able
17:13
to put this together so quickly because
17:15
last week
17:17
>> takes time to do these things.
17:18
>> We're trying to get some deal casino
17:21
that we're heading to like and just
17:23
getting one like promotion out of the
17:24
kiosk seemingly being
17:26
>> and they put this whole thing together
17:27
this whole thing together like oh my god
17:29
like MGM is
17:30
>> maybe they've been working on it. Maybe
17:31
they heard about the MGM stuff. I see.
17:33
And so they've in the back they've been
17:35
they've been hearing that okay we got to
17:37
get this stuff going.
17:38
>> So Caesar's now released a all-inclusive
17:40
summer package right
17:41
>> at Harris Link and Flamingo. So at MGM
17:44
it was Excalibur and Luxor. So
17:48
>> mimicking their lower
17:48
>> New York New York also
17:50
>> well New York New York New York I
17:50
believe was only for
17:52
>> some shows the roller coaster
17:54
>> it was part of the of the all-inclusive
17:56
>> but it's not a part of the
17:58
>> the cost of the rooms. Right.
17:59
>> Right. So like I think you
18:00
>> Yeah. You could take advantage of a few
18:01
things.
18:02
>> Right. So, they had the roller coaster,
18:03
they had restaurants, they had a couple
18:04
shows there, right?
18:05
>> Uh they're like basically you can come
18:07
here, but you can't sleep here.
18:08
>> You can't sleep here. We don't really
18:09
>> Our rooms are too are $10 more than the
18:12
room
18:12
>> because we're worried if you if you
18:13
sleep here, then you're you're too close
18:15
and gamble
18:16
>> to park MGM in Arya. We don't want you,
18:18
you know, you know, so like if you if
18:19
you stay over at Luxto and you end up in
18:23
New York, New York, you're going to come
18:24
back.
18:24
>> You'll come back. Yeah.
18:25
>> You know, so that area, I'm just
18:26
kidding.
18:27
>> Uh their bundle uh their
18:32
put publishing a window April through
18:33
August the A month starting at 200 bucks
18:35
a night if you come here solo. I
18:36
actually like some of these tweaks
18:38
because Yeah, because the other one was
18:39
double occupancy. Yeah. Yeah.
18:41
>> Uh if you want to uh includes the resort
18:43
fees and all the stuff, meals,
18:44
>> two meals.
18:45
>> Yeah.
18:45
>> The other one was three meals.
18:47
>> Bottomless well drinks. That's the part
18:48
that uh
18:50
>> I'm surprised.
18:52
>> But well, just cuz
18:54
>> the the MGM one was one drink per meal.
18:56
>> Oh, one drink per bottleless. Well,
18:58
yeah. If it's if it's all-inclusive, it
19:00
should be bottomless. We don't go to
19:02
Mexico.
19:03
>> Makes this makes it a true
19:04
>> all-inclusive thing. If if this is
19:06
actually accurate and they don't cut you
19:07
off and there's no aster, right?
19:09
>> Uh if this just came out, like literally
19:11
uh late last night as I was putting this
19:13
together, I was like, "Oh man, like
19:14
let's get this in here." They're also
19:15
going to give you 20% off the link
19:16
cabanas,
19:18
>> uh free high roller tickets, and then if
19:20
you want to bring an extra person, it's
19:21
an extra $100 a night. So if you have a
19:23
double occupancy, it works out to 150
19:25
bucks per person per night. Uh, and it
19:28
also looks like you can book it for more
19:30
than two nights where MGM was had some
19:32
other weird things for a week.
19:33
>> Um,
19:34
>> so it's like kind of a direct response
19:36
to the Vegas is too expensive,
19:38
>> right?
19:39
>> Dialogue that's been going on around
19:40
town.
19:41
>> Did this one not have Sunday through
19:42
Thursday? Is that all seven days a week?
19:45
>> Again, that's how I'm reading.
19:46
>> They just announced it.
19:48
>> And I I have a feeling
19:50
>> cuz it says starts. I have a feeling
19:51
it's just like MGM where it's showing
19:54
you the lowest rate for like the one
19:56
Wednesday in August when it's 120
19:58
degrees and no one wants to be here and
20:00
then the yellows are 250 or 300 or
20:02
something, right? Yeah.
20:03
>> So, we might have more on this next
20:05
week.
20:05
>> Resorts World, that's how they did it.
20:07
>> Yes.
20:07
>> Yeah. So,
20:08
>> except it's 450 and I think
20:09
>> it's a little bit more expensive.
20:10
Resorts World
20:12
>> really nice property. Very nice
20:13
property. Uh so in addition to the cowi
20:16
and prediction markets getting pressure
20:18
from Nevada lawmakers uh there's also a
20:21
crackdown on sweep states casinos which
20:23
seems to be happening uh in other places
20:26
around the country. I've heard that uh
20:28
California is now putting pressure on
20:30
this and trying to shut it down.
20:31
>> Uh it wasn't really relevant to us until
20:33
now all of a sudden that it is. of
20:34
course they keep on trying to make us
20:36
not be able to make money course
20:37
>> because there's uh some advertising and
20:39
stuff that we we're looking at doing
20:41
with some of these sweeps casinos and
20:42
then of course as soon as we get a deal
20:44
in place they're going to get rid of
20:45
California which is the biggest state
20:47
>> potentially Nevada which is where we
20:48
live so we'd have to go someplace else
20:50
to demo it which would be really
20:51
annoying
20:52
>> um the uh looks like New York Montana is
20:55
also on this bandwagon really
20:58
>> so it could be one of these things where
20:59
in 30 states it's allowed in 20 it isn't
21:01
just similar to sports books and other
21:04
So, we'll see how things go here, but
21:06
this is pretty high cuz sweep stakes
21:08
casinos uh have been pretty prevalent.
21:11
>> Yeah.
21:11
>> You know what? At the end of the day,
21:14
it's weird. It's a weird tug of war
21:16
because in general, I just want people
21:17
to be able to do what they want to do.
21:18
You're an adult.
21:19
>> Leave them alone.
21:20
>> But at the same time, this is an obvious
21:22
loophole.
21:23
>> Yeah.
21:23
>> You know, it's just such ridiculous.
21:24
It's like if you're you're not you're
21:26
not gambling cash. You're gambling
21:28
coins. How do you get the coins? You buy
21:29
them with cash.
21:30
>> You buy them with cash. Yeah. Exactly.
21:32
>> It's weird. I mean, it's a loophole.
21:34
>> So, anyway, we'll see how this story uh
21:36
shapes up. It it hasn't uh taken effect
21:39
yet, but I I do think
21:41
>> it's coming. Just again,
21:42
>> yeah, as as states have their own
21:44
casinos and gambling products
21:47
>> that they get full taxes and revenue on,
21:49
>> right,
21:50
>> there's going to be way more of like
21:52
pushing back on these things where they
21:53
don't get to take a piece of the pie.
21:54
>> Everyone wants their bigger piece,
21:56
>> right? So, Koshi, you know, Poly Market,
21:59
Sweeps, Casinos, etc., right?
22:01
>> Uh, you know, are going to I think are
22:03
going to run into some roadblocks from
22:04
that,
22:05
>> you know, especially if it's strawberry
22:06
pie.
22:08
>> Everyone wants a bigger piece of the
22:09
strawberry pie.
22:10
>> Is that that's all gone now, right?
22:12
>> Oh, it's Well, there might be. Is there
22:14
a Marie Calendarer still over on the
22:16
other side of town?
22:17
>> I think there might be one left inside
22:19
>> inside thing, but Marie Collander
22:22
strawberry pie
22:23
>> when they're available.
22:24
>> Funny story. I mean, not I don't know we
22:26
really tell stories on the podcast, but
22:28
we'll take a break to tell a story.
22:29
>> I ate a whole strawberry pie.
22:30
>> Yeah. Well, no, that's not true. I had a
22:31
slice.
22:32
>> You had one slice,
22:33
>> right? And then I went to get seconds.
22:34
He's like, "You can
22:35
>> you can stay in your seat cuz I've
22:37
already finished."
22:38
>> I was like, "This I'm going to go get
22:38
another piece of pie." Like,
22:40
>> smile. I smirked.
22:42
>> You ate the entire rest of the pie.
22:43
>> I ate three quarters of a pie.
22:45
>> What the heck?
22:45
>> It was delicious.
22:46
>> If you ever can get a Marie Collers pie,
22:48
I highly recommend it.
22:49
>> Oh, man.
22:50
>> All right. So, uh, penny rounding.
22:53
>> But it's official now. So, uh, there's
22:57
like an official ruling and and
22:58
everything everything here is so
22:59
regulated, right? There's a gaming
23:01
control board and you know, they
23:03
scrutinize everything and so a casino
23:05
can't just decide I'm going to keep two
23:07
cents,
23:08
>> which I'm surprised that they haven't
23:09
done that with the tickets yet. I mean,
23:11
they make you go to the cashier's cage
23:12
if you have change on your ticket,
23:14
except for Ellis.
23:16
change still comes out of the machine.
23:18
But
23:20
>> I don't I'm surprised that they haven't
23:21
just said instead of do you want a
23:23
donation, it just says your change is
23:26
going towards donation. I'm surprised
23:28
they haven't done that yet.
23:29
>> Or do would you like to have your change
23:31
or would you rather donate it at least
23:33
give you the option to get the darn
23:34
change?
23:34
>> Now it doesn't even give it to you. You
23:35
got to go to the cashier, wait in line
23:37
for 20 cents or whatever. So
23:39
>> it's annoying. Usually stack of tickets
23:41
this tall.
23:42
>> Usually I print the ticket. I never do
23:43
the donation. I print the ticket and
23:45
then the closest person to the machine,
23:47
I put it in their machine, right?
23:48
>> That's what I do.
23:50
>> Yeah. Okay. Start doing that. One day
23:52
we'll win a million dollars off our
23:55
>> What a video that would be.
23:56
>> That would be pretty cool. Anyway, so
23:57
the rule basically is that the casino
23:59
has to have a policy,
24:00
>> whatever the policy is, and they have to
24:03
stick with it. It has to be consistent
24:04
for everybody. Okay. So, basically what
24:05
most people in town are doing, if it's
24:07
like uh, you know, 72 cents, you're
24:09
going to get 70. If it's 74 cents,
24:12
you're going to get 75. Okay,
24:14
>> they're going to round up or down. Uh,
24:16
you know, it's not really that big of a
24:17
deal. There's a lot of uh chatter now
24:22
penny machines going away.
24:23
>> I don't see that happening. Again, like
24:25
it's it says penny denomination.
24:27
>> Yeah.
24:28
>> Uh
24:29
bet, right? You can't play one penny.
24:31
>> Now, there are three real penny games
24:32
out there. Uh there's a joke that we
24:34
talk about this 9-cent game here that we
24:36
play
24:37
>> uh as a joke every now and then. I try
24:39
not to to do it much anymore cuz it was
24:41
just a painful segment that we did one
24:43
time.
24:43
>> We had a huge win like $9.40,
24:46
>> right? We should have been betting $9.
24:47
We would have $9,000 win.
24:49
>> That would have been insane.
24:50
>> At any rate, so just keep a lookout for
24:52
that if you're if you're in Vegas or
24:53
coming to Vegas.
24:54
>> Uh no more pennies. A lot of casinos.
24:57
They're going to round up or down.
24:58
>> I don't think it's going to be that big
24:59
of a deal.
25:00
>> It's really not. But
25:01
>> it's uh
25:02
>> I don't know. It just kind of goes to
25:03
show you that I think the penny finally
25:05
is slowly.
25:06
>> It cost more to make a penny than it's
25:08
worth. doesn't make sense to have
25:09
pennies anymore. Like I can't think of
25:10
any justification for a penny in society
25:13
anymore.
25:13
>> No, I can't do that.
25:14
>> It just just everything gets rounded to
25:16
I mean there's
25:17
>> there's nothing that you buy for a
25:19
penny. There's nothing that's like 9
25:20
cents or 10, you know,
25:22
>> you buy something for 99 cents, it could
25:23
be a dollar. It doesn't have to be
25:24
>> back in the 50s you could go to the
25:27
>> corner store and get a piece of gum for
25:29
a penny.
25:30
>> So it made sense. You can't you can't do
25:32
that now.
25:32
>> Did you know that there was
25:33
>> even a half penny? Yeah, I've seen one
25:36
in the 1800s. I have I have one.
25:38
>> Oh, do you really?
25:38
>> Yeah. I used to. I don't know where it
25:39
is anymore. Who knows where stuff goes
25:41
when you move all the time. So,
25:42
>> Right. Yeah.
25:43
>> That's about it.
25:45
>> You don't like apple pie?
25:47
>> I do like apple pie, but I like
25:48
strawberry pie the best. Marie
25:50
Colanders, folks, I think there's one
25:51
left in Vegas. Go visit Marie Collers.
25:53
Get us But it's seasonal.
25:55
>> It is seasonal.
25:55
>> Yeah. And they I mean they use real
25:56
whole
25:58
I'm getting myself hungry. We got to go.
26:00
All right.
26:00
>> We'll see youall next week. Thanks for
26:02
watching. Bye, everybody. Byrons.