Latest / Desert Degens Podcast / Vegas Openings, New Deals, And Industry Updates

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Vegas Openings, New Deals, And Industry Updates · Desert Degens Podcast

• 0:00
  And I can only imagine her performances.
• 0:02
  She would fly around the stadium. She
• 0:04
  did it at Allegant. She did it at
• 0:05
  T-Mobile when you saw it.
• 0:07
  >> And the sphere is like even bigger.
• 0:09
  >> Prefix. Is that included or do you have
• 0:11
  to pay for that?
• 0:12
  >> That's included. A prefix menu with a
• 0:13
  menu that is already set for you.
• 0:15
  >> I know. But one there's a there's five.
• 0:18
  So Uber is going to lose a lot of
• 0:20
  drivers. A lot of people are going to
• 0:21
  lose jobs if they have self-driving
• 0:22
  cars. That's That's too bad. I don't
• 0:24
  like that.
• 0:24
  >> I was wrong about this. Uh-oh. I said
• 0:27
  that I thought that they they went.
• 0:36
  >> All right, guys. So, this week's lead
• 0:38
  story,
• 0:40
  >> rumor mill. It's not official. We'll see
• 0:43
  what happens, but I'm hoping for it.
• 0:45
  >> Yes,
• 0:46
  >> Pink might be coming to the street.
• 0:47
  >> There you go.
• 0:47
  >> We had uh Metallica last couple weeks
• 0:50
  been talking about that and they kept on
• 0:51
  adding dates.
• 0:52
  >> This is rumored for 2027. Supposedly,
• 0:55
  she's quote unquote all but signed.
• 0:56
  >> How cute this is. Even here on on the on
• 0:59
  the computer, you put a exclamation for
• 1:01
  the eye.
• 1:02
  >> Yeah, cuz that's how she does it.
• 1:03
  >> Yeah. I I didn't know that. But that's
• 1:05
  great. It looks very pink.
• 1:08
  >> Yeah.
• 1:09
  >> Yeah. So, be the first solo female
• 1:11
  artist there.
• 1:12
  >> Okay.
• 1:13
  >> So,
• 1:14
  >> when we saw her, she had a female solo
• 1:16
  artist open for her.
• 1:18
  >> Who would that have been?
• 1:19
  >> I don't know what her name was. She was
• 1:20
  good. She had one really big song. I
• 1:22
  think that it uh yeah it was show crow
• 1:25
  when we saw her at Allegian. I think
• 1:26
  that's who open for her. I remember it
• 1:28
  definitely wasn't open for somebody that
• 1:29
  we saw. At any rate, I'm super excited
• 1:32
  about this. Uh I might catch some flack
• 1:34
  for this. It's okay. I'm used to it. I
• 1:36
  catch lots of flack about a lot of
• 1:37
  things. I even more excited about this
• 1:39
  than Metallica. I after well after
• 1:41
  Metallica was announced cuz they're like
• 1:43
  oh we're going to not repeat anything
• 1:45
  over a weekend. So man, they must have
• 1:46
  way more songs than I thought that they
• 1:48
  did. So I went and got on Spotify and
• 1:51
  Metallica and listened to the thing and
• 1:52
  I'm like I know four or five of these
• 1:54
  songs.
• 1:54
  >> So now I'm wondering like what am I
• 1:56
  going to do there for 2 and 1 half 3
• 1:57
  hours waiting for one or two songs that
• 1:59
  I know I'll go because they're great
• 2:01
  musicians.
• 2:02
  >> Well maybe we'll just have to listen to
• 2:03
  some more of that in the backyard so she
• 2:05
  can like more songs
• 2:06
  >> that would require not listening to that
• 2:07
  in company which is sacrilegious. Yeah,
• 2:09
  we don't really do that very often. So
• 2:12
  anyway,
• 2:12
  >> so she's supposed to be at the sphere.
• 2:14
  That's that's the
• 2:15
  >> we'll find out here pretty soon I think
• 2:17
  >> which is it seems like an eternity away
• 2:18
  but then it goes faster and faster every
• 2:20
  year at the same time. So
• 2:22
  >> uh she has a lot of great songs and I
• 2:25
  can only imagine her performances. She
• 2:27
  would, you know, we we saw her at
• 2:29
  Washington DC at Nationals Park and she
• 2:31
  was flying around the stadium. She did
• 2:33
  it at Allegant. She did it at T-Mobile
• 2:34
  when you saw T-Mobile
• 2:35
  >> and the sphere is like even bigger. Like
• 2:37
  you don't realize even when you're there
• 2:39
  how freaking big this thing is.
• 2:41
  >> Outside it looks way smaller than the
• 2:43
  inside. And even when you're inside to
• 2:44
  me, like maybe it's just like optical
• 2:45
  illusion. It doesn't feel that big
• 2:48
  >> cuz the way the screen in the way that
• 2:50
  the seats are cuz you don't see like the
• 2:52
  seats behind, you know, it just looks
• 2:54
  like there's a screen. So, you don't
• 2:55
  understand like how much space there is
• 2:57
  there. And the first time I realized how
• 2:59
  much space there was was when we went to
• 3:01
  one of the first raves and they had
• 3:02
  lasers, okay?
• 3:03
  >> And you see the lasers can be like,
• 3:05
  "Holy crap, you're like, that is a lot
• 3:07
  of dead space. This is like a really big
• 3:09
  environment in here,
• 3:10
  >> right?
• 3:10
  >> Pretty amazing." At any rate, stay tuned
• 3:12
  for that. We might have been the first
• 3:13
  ones to break it besides the people that
• 3:15
  broke it that told us.
• 3:16
  >> Yeah. And the people that told them,
• 3:18
  >> right? So, you know.
• 3:19
  >> Yeah. We're the first people to break
• 3:20
  it.
• 3:22
  >> Okay.
• 3:22
  >> All right. So, uh, next next one here.
• 3:26
  Again, this kind of goes with this whole
• 3:28
  underlying story tone that we've been
• 3:29
  talking about.
• 3:31
  >> Are are they catering to the to the
• 3:32
  rich? Are they catering to the everyday
• 3:34
  people?
• 3:34
  >> What are we going to do about declining
• 3:36
  visitors?
• 3:37
  >> Right.
• 3:38
  >> Well, Conrad, which is
• 3:40
  >> one of the hotels at Resorts World,
• 3:41
  >> Resorts World, right? It's kind of a
• 3:43
  weird situation. Resorts has like three
• 3:45
  different lobbies.
• 3:46
  >> Yeah.
• 3:46
  >> There's three different hotels. They're
• 3:47
  all Hilton properties where it's like
• 3:49
  good, better, best Hilton,
• 3:50
  >> right?
• 3:51
  >> Uh I think Conrad's like in the middle
• 3:52
  if I remember correctly to what's there.
• 3:55
  >> And uh they're doing uh starting May
• 3:57
  26th. So it's still a little ways out,
• 3:59
  but you can start booking it now May
• 4:01
  26th through 8
• 4:03
  September 8th.
• 4:05
  >> $150 a person per night. So 300 bucks a
• 4:08
  room for a couple.
• 4:09
  >> Got to have two per night person
• 4:11
  occupant. Still not exactly cheap.
• 4:13
  >> Not cheap.
• 4:14
  >> But for Resorts World, hear me out for a
• 4:16
  second. This actually isn't so bad. It
• 4:17
  is pretty cheap. You get complimentary
• 4:19
  valet parking. Well, there you go.
• 4:20
  That's worth about $127 a day. They
• 4:23
  charge insane amounts of parking for
• 4:25
  parking now. I think the actual amount
• 4:27
  is probably 40 or 45. No, it's more than
• 4:29
  30 most.
• 4:31
  >> I mean, it's it's 40 or 45 at MGM
• 4:33
  properties.
• 4:34
  >> Is it really?
• 4:34
  >> Yeah. But we have the platinum card. So,
• 4:36
  goodness. You know, I I feel so good
• 4:37
  every time I get that free $45 of
• 4:39
  parking and then I go in there and lose
• 4:40
  500 bucks and that's true. You know,
• 4:42
  think that I got a good deal. That's
• 4:43
  what they do with these cards.
• 4:45
  >> Uh Club 66 lounge.
• 4:47
  >> You get daily continal breakfast, which
• 4:50
  pretty solid. And social hour in the
• 4:52
  evening with cocktails. So, you go up
• 4:54
  there.
• 4:54
  >> So, a croissant.
• 4:56
  >> Yeah.
• 4:57
  >> Croissant.
• 4:57
  >> You might get some scrambled eggs that
• 4:58
  are made with powder.
• 5:00
  >> Continental breakfast. Okay.
• 5:01
  >> Uh maybe some coffee, but you might
• 5:04
  start drink.
• 5:05
  have tea.
• 5:06
  >> What is this coke?
• 5:08
  >> What is this prefix? Is that included or
• 5:10
  do you have to pay for that?
• 5:11
  >> No, it's that's included. A prefix menu
• 5:13
  was a menu that is already set for you.
• 5:15
  >> I know, but one there's a there's five
• 5:17
  restaurants.
• 5:17
  >> You get to pick from the I believe I
• 5:20
  think it's once per day.
• 5:20
  >> You don't Oh, you don't get to go to
• 5:22
  each one of them.
• 5:22
  >> No, no,
• 5:23
  >> but they're they're good restaurants.
• 5:25
  It's not the it's not the food hall.
• 5:26
  This is like their their solid
• 5:29
  >> top-of-the-line restaurants. Prefix menu
• 5:32
  is usually, you know, something like in
• 5:34
  a $90 value. You get like an appetizer,
• 5:38
  >> uh, a May course and a dessert type of
• 5:39
  thing. Maybe,
• 5:40
  >> you know, but I didn't know these the
• 5:44
  five different places.
• 5:45
  >> I only know the first one.
• 5:47
  >> We We've been in at that one. I don't
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  know the other ones.
• 5:49
  >> Okay.
• 5:50
  >> They they have We don't really go there
• 5:51
  often, quite frankly. I mean, I love the
• 5:53
  property.
• 5:54
  >> We have played there, but they they
• 5:55
  don't let us film there anymore.
• 5:57
  >> It's
• 5:57
  >> not just us. They don't let it,
• 5:59
  >> right? Yeah. We didn't do anything,
• 6:00
  >> right?
• 6:01
  >> Um, the main reason is what we've
• 6:03
  decided is that we're going to put most
• 6:05
  of our time in MGM because they have
• 6:07
  properties around the country, right?
• 6:09
  >> Around the world, right?
• 6:10
  >> And so, we want to be have an
• 6:12
  opportunity. We're going to National
• 6:13
  Harbor in a few days. They have the
• 6:15
  place in Mississippi, Boston. I've been
• 6:17
  told, I was talking to our host last
• 6:18
  night, she's like, "Based on what you do
• 6:21
  >> in in Washington on this trip, you're
• 6:22
  probably going to get offers now for all
• 6:23
  the other regionals, like almost
• 6:25
  immediately." It's similar when you come
• 6:26
  to Vegas. We're locals going somewhere
• 6:28
  else. So she's like, "You're cuz I kind
• 6:30
  of explained to her what our plan was
• 6:31
  and she's like, "Oh man, wait till you
• 6:32
  see what you get
• 6:33
  >> for Mississippi and all the other ones."
• 6:36
  >> And so Resorts World's not going to give
• 6:37
  us that opportunity. They have a couple
• 6:39
  properties, but
• 6:40
  >> Resorts World is not that old that they
• 6:42
  needed to renovate their pool.
• 6:45
  >> I mean, it's not that old.
• 6:48
  >> Someone probably
• 6:49
  >> threw up in the pool.
• 6:50
  >> Like a baby baby Ruth.
• 6:52
  >> Baby Ruth. Yeah. complimentary entry
• 6:55
  into Zuk night, which is irrelevant for
• 6:57
  us because we don't we don't go to
• 6:58
  nightclubs very often.
• 6:59
  >> And I don't even know what that's what
• 7:01
  that costs anymore, but I think probably
• 7:02
  25 to 50 bucks to go in there.
• 7:04
  >> Yeah.
• 7:04
  >> Uh so anyway, I mean, and it's funny
• 7:06
  that
• 7:07
  >> some more details, you can find those
• 7:08
  online, too.
• 7:09
  >> It's uh it seems like a decent deal. It
• 7:12
  seems like something that they copied
• 7:14
  from Circa.
• 7:15
  >> If you're going to stay there anyway, I
• 7:16
  mean, at least you're getting something
• 7:17
  more than just pay.
• 7:19
  >> Subzero likes to stay there. He does. uh
• 7:21
  and and Joe,
• 7:22
  >> it's it's a great I've stayed there. I I
• 7:24
  had a free room there one night staying
• 7:26
  there to talk at a conference and
• 7:28
  >> I have not stayed there.
• 7:29
  >> I enjoy the place. I mean like I I just
• 7:30
  wish there were less record. I wish
• 7:32
  there was
• 7:32
  >> but then we just we only have so much
• 7:34
  time to go from property to property. So
• 7:36
  if you're just coming in as a visitor,
• 7:37
  you want to take advantage of a premier
• 7:38
  hotel at a reduced rate. Seems like a
• 7:41
  good deal,
• 7:41
  >> right?
• 7:42
  >> This is a cool one right here. We talked
• 7:43
  about this last time.
• 7:44
  >> They picked the date Cadence Crossing is
• 7:46
  opening officially Wednesday, March
• 7:48
  25th. And we may or may not depending on
• 7:51
  >> depends
• 7:52
  >> if we can get it into the video and if
• 7:53
  we end up being able to get out there
• 7:55
  cuz there's some scheduling conflict
• 7:56
  stuff,
• 7:57
  >> but we might go out there and uh
• 7:59
  >> for the opening
• 7:59
  >> and show the grand opening. And if we
• 8:01
  did that, we probably would put that
• 8:03
  footage in right around now.
• 8:05
  >> This is the old Joker's Wild. If you've
• 8:07
  ever been out on Boulder Highway, 920
• 8:10
  North Boulder Highway, Henderson was a
• 8:13
  little standalone casino. Used to have a
• 8:16
  lot of fun there, actually.
• 8:18
  >> Yeah. I'm excited. I think it's good.
• 8:19
  >> You're good. No, you're fine, brother.
• 8:21
  >> People are are actually
• 8:23
  >> We're in a uh casino,
• 8:25
  >> as you can tell.
• 8:25
  >> Yeah, people people are going to walk
• 8:27
  by.
• 8:27
  >> So, Wednesday, March 25th, grand
• 8:28
  opening. Go go go check that out. If we
• 8:30
  can get the footage in here, we will. If
• 8:32
  not, we'll probably put it in next week.
• 8:34
  All right.
• 8:34
  >> And uh new stuff coming in town.
• 8:36
  >> You just told me about this yesterday.
• 8:37
  >> Yeah, this is interesting.
• 8:39
  >> You didn't put in here what you told me.
• 8:41
  >> They bought.
• 8:43
  >> That was a different That's a uh Well,
• 8:44
  that's a different situation.
• 8:45
  >> Okay. Yeah.
• 8:46
  >> Okay. So, Uber Yeah. Uber and Zuk. So,
• 8:48
  Zuk is a already established
• 8:51
  >> budding established because it's it's
• 8:54
  it's not fully like uh implemented
• 8:56
  citywide yet. They have restrictions on
• 8:59
  where they can pick you up and where
• 9:00
  they can take you, but fully autonomous.
• 9:02
  There is no driver in this vehicle. The
• 9:04
  the front seats face backwards. Yes.
• 9:07
  This is like the Terminator. No, not
• 9:09
  Terminator. There was a total recall.
• 9:10
  >> It's like Yeah. It's like a little mini
• 9:12
  van cab.
• 9:13
  >> Yeah.
• 9:14
  >> Yeah. So, like there there is no driver.
• 9:16
  It's completely autonomous. Well,
• 9:18
  they're they partnered with with Uber.
• 9:20
  So, so starting later this year uh in
• 9:23
  the summer, they just kind of have a
• 9:24
  vague,
• 9:24
  >> right?
• 9:25
  >> But sometime in the future, you said
• 9:26
  they bought a bunch of Rivians and
• 9:27
  they're going to use those.
• 9:28
  >> What I heard that they uh and that's
• 9:30
  nationwide. Okay.
• 9:31
  >> But what I the headline that I read was
• 9:33
  that they had bought one and a quart
• 9:34
  billion dollars or put an order in for
• 9:36
  one quart billion dollar
• 9:37
  >> of Rivian self-driving fully autonomous
• 9:41
  vehicles. Why they went with them
• 9:42
  instead of Tesla?
• 9:43
  >> Yeah, that's weird.
• 9:44
  >> Well, I have a I have a theory. you do.
• 9:46
  >> My theory is that it's going to be Uber
• 9:48
  and Tesla kind of fighting out for
• 9:50
  dominance in this market because while
• 9:52
  Tesla doesn't have it yet, and this is
• 9:54
  all just speculation here that isn't
• 9:55
  necessarily about Vegas, but you know,
• 9:57
  Tesla's got their Cyber Cab coming out
• 9:59
  >> which I think is going to link up
• 10:01
  directly with their app and you'll be
• 10:02
  able to call CyberCap through through
• 10:04
  Tesla and then there'll be Uber which
• 10:06
  will be like the the Uber taxi Uber
• 10:09
  Rivian partnership and these guys are
• 10:11
  going to be fighting for which is
• 10:13
  probably good because then it stops
• 10:15
  they're from being like an FTC monopoly
• 10:17
  issue. Anyway, so
• 10:18
  >> um so Uber's Uber siding with Zuk and
• 10:21
  Tesla doesn't have anything rolled out
• 10:23
  yet for Nationwide. They're they're
• 10:25
  >> Uber is going to lose a lot of drivers.
• 10:27
  A lot of people are going to lose jobs
• 10:28
  if they have self-driving cars. That's
• 10:29
  that's too bad. I don't like that.
• 10:31
  >> Another podcast that I love called A
• 10:33
  Diary of a CEO. Okay.
• 10:34
  >> And they just interviewed the Uber
• 10:36
  driver and he's or the Uber CEO and he's
• 10:38
  just like almost unapologetically like
• 10:41
  80% of people are going to lose their
• 10:42
  jobs.
• 10:42
  >> Wow. Wow. It's like uh the drivers,
• 10:46
  >> you know, if you driver is as a
• 10:48
  profession is the number one profession
• 10:51
  >> in the United States from what I'm told
• 10:53
  like in terms of like
• 10:54
  >> numbers
• 10:54
  >> numbers there just and I mean just sheer
• 10:56
  numbers like he he mentioned
• 10:58
  >> cabs
• 10:58
  >> uh just the number of drivers on their
• 11:00
  platform
• 11:01
  >> right
• 11:01
  >> uh you know these people have other jobs
• 11:03
  but like you know when you have another
• 11:04
  job you still have driver you're a
• 11:07
  driver or something whether it's like
• 11:08
  it's a taxi or a courier service or a
• 11:11
  limo or a long haul or short hall or
• 11:14
  final mall trucking or Amazon or Walmart
• 11:17
  or any I mean it's just there's lots and
• 11:18
  lots of drivers
• 11:20
  >> and you know that part of the economy is
• 11:21
  going to get kind of decimated was was
• 11:23
  what he talked about on diary of a CEO
• 11:25
  >> right
• 11:26
  >> um I'm officially getting old
• 11:29
  >> you are
• 11:29
  >> this is nuts I remember when the strat
• 11:32
  was brand new
• 11:33
  >> first time I came to Vegas
• 11:35
  >> it was one or two years old
• 11:37
  >> okay
• 11:37
  >> and now 30th anniversary April 30th 2026
• 11:42
  >> wow they have better than Ezra coming
• 11:43
  out there. We might have to go out there
• 11:44
  and and check this out.
• 11:46
  >> Okay.
• 11:46
  >> Uh I'm a fan of them. Uh again, I
• 11:48
  probably only know four or five of their
• 11:49
  songs.
• 11:50
  >> Their pool swimming social.
• 11:51
  >> Yeah. I didn't even realize that they
• 11:52
  they had that.
• 11:53
  >> I mean, I'm sure they have a pool. We
• 11:54
  are in Vegas and it's a hotel.
• 11:55
  >> I understand. I just I've never been
• 11:57
  there.
• 11:58
  >> Yeah. Like I'm thinking is it more like
• 11:59
  uh you know, Virgin, the old hard rocks
• 12:01
  like thing out there where there's like
• 12:03
  a a place for bands to come playing
• 12:05
  outdoors. I've just never been over
• 12:06
  there.
• 12:06
  >> I'm surprised they're not doing it next
• 12:08
  door at the golf place. The Atomic Golf.
• 12:10
  >> Yeah. I've heard that's struggling as
• 12:12
  well. Yeah.
• 12:12
  >> So, I'm not so sure about that. But
• 12:14
  obviously, the Strat's a classic
• 12:16
  property here. It's defines the the
• 12:18
  skyline. Even though it's not a part of
• 12:20
  like the main core of the strip, it's
• 12:22
  still
• 12:22
  >> on Las Vegas Boulevard on the strip. I
• 12:24
  mean, technically, obviously, uh, and
• 12:26
  whenever you see a a painting of Vegas,
• 12:28
  it's like the Luxor light and the
• 12:29
  stratosphere. It seems to be like the
• 12:31
  two and the Bellagio fountains
• 12:33
  >> are like the things that you see in
• 12:34
  those paintings. And so a staple on the
• 12:37
  on the strip,
• 12:38
  >> you know, I I haven't been there in a
• 12:39
  while up to the top of the the top of
• 12:41
  the strat, but they have a great
• 12:43
  restaurant up there. At least they used
• 12:44
  to be really good and amazing views.
• 12:46
  >> And it's funny like while you're at the
• 12:47
  restaurant, it's slowly makes like one
• 12:49
  rotation
• 12:50
  >> while you're eating about once an hour
• 12:52
  and you need same as in Seattle.
• 12:54
  >> Yeah, it's cool.
• 12:55
  >> So that one in Seattle, we did the tour
• 12:57
  of that
• 12:58
  >> and that thing spins and it's thousands
• 13:01
  of tons of pounds, right?
• 13:03
  >> It's nuts. And it's uh
• 13:06
  I think it was a two horsepower motor.
• 13:09
  >> Is that right? It's like on a really
• 13:11
  good ball bearing.
• 13:12
  >> Yeah. It's a and a and a
• 13:14
  the gear ratio for it is is the torque
• 13:17
  of it is what they don't need a lot of
• 13:19
  power and it just spins super slow.
• 13:21
  >> Is this just some understanding? It's
• 13:24
  thousands of tons of pounds.
• 13:25
  >> Tons of pounds. Yeah, that's why I said
• 13:26
  that. Thous
• 13:30
  kilos also. It's a lot of kilos. A lot
• 13:31
  of kilos. Lot of kilos. Okay.
• 13:33
  Uh, not surprising. We broke this story.
• 13:36
  This I wanted to talk to you about.
• 13:38
  >> Yeah. Nevada versus the state of Nevada
• 13:40
  versus Cowi prediction markets
• 13:42
  >> escalation.
• 13:43
  >> I was wrong about this.
• 13:44
  >> Uhoh.
• 13:45
  >> I said that I thought that they they
• 13:47
  wouldn't put the injunction in and they
• 13:49
  did.
• 13:49
  >> March 20th, a Nevada judge granted a
• 13:51
  temporary restraining order. Wow.
• 13:53
  Locking cow's event contracts in state.
• 13:55
  >> Wow.
• 13:56
  >> From the judge's point of view, these
• 13:57
  contracts can't qualify as an unlicensed
• 14:00
  sports pool under Nevada law. Wow.
• 14:03
  >> Pretty big.
• 14:04
  >> You know, once there's press, you know,
• 14:06
  the whole thing with legal stuff is once
• 14:07
  there's precedence and, you know,
• 14:08
  there's a case for it, it's a lot easier
• 14:10
  for other states to move forward and
• 14:12
  make it happen much
• 14:13
  >> quicker. Now, this is just an
• 14:14
  injunction. It's not a a ruling.
• 14:16
  >> Right. Right.
• 14:17
  >> But there's two types of things like you
• 14:19
  have one side says, "You need to stop
• 14:20
  this right now."
• 14:21
  >> The other side says, "Wait a second.
• 14:23
  Like, you got to find me guilty first.
• 14:24
  >> Don't tell me what to do." Well, in this
• 14:26
  case, you know, whenever there's an
• 14:27
  injunction, the the they they say,
• 14:29
  "Wait, well, you probably are guilty, so
• 14:31
  we're going to we're going to put this
• 14:33
  injunction in right now." So, not a
• 14:35
  great sign. It's it's not a great sign.
• 14:37
  Now,
• 14:38
  >> it's not done yet. I mean, there's been
• 14:40
  lots of times where there's been an
• 14:41
  injunction, and at the end of the day,
• 14:43
  they're like, "Well, actually,
• 14:45
  >> we're not going to we're not going to
• 14:46
  want to grant you a case, so we'll see
• 14:47
  what happens." But the next major
• 14:48
  hearing is in April 3rd, right around
• 14:50
  the corner. So, we'll we'll
• 14:52
  >> we'll know more.
• 14:52
  >> Make sure that we talk about that then,
• 14:54
  >> for sure. Uh, and we'll we'll see about
• 14:55
  if they can lift the because they're
• 14:56
  trying to get the injunction lifted. Um,
• 14:59
  but this is going to shape the boundary
• 15:01
  between state regulated sports betting
• 15:03
  and fed federally regulated stuff,
• 15:05
  >> right?
• 15:05
  >> They're using a a loophole right now and
• 15:08
  everybody knows it. It's not like, you
• 15:09
  know, they're just smug about it.
• 15:11
  >> Yeah. We talked about this last week and
• 15:13
  and or two weeks a week week or two
• 15:15
  weeks ago and I'm I'm this baffles me
• 15:17
  that there that that loophole exists
• 15:20
  that they allow them to even do it. I
• 15:21
  mean, in the in the category of too
• 15:23
  soon,
• 15:24
  >> it's very similar to what's happening in
• 15:25
  Texas with the card room. Like, they're
• 15:27
  like, it's a it's a club. Yeah. Wink
• 15:30
  wink.
• 15:30
  >> That club as we
• 15:31
  >> Yeah. And I mean,
• 15:32
  >> it's a gamble.
• 15:33
  >> I don't want to get my opinion of all
• 15:35
  this. Just this is just what's going on
• 15:37
  right now.
• 15:38
  >> Um,
• 15:39
  >> I guess I will give my opinion. I'm I'm
• 15:40
  annoyed that there that what what's
• 15:42
  happened down there cuz I think that it
• 15:44
  should be allowed and whatever. But like
• 15:45
  my opinion doesn't matter and that's
• 15:46
  that's state's prerogative and people
• 15:48
  know what they're getting themselves
• 15:49
  into. Right.
• 15:50
  >> Same thing happened here. They had an
• 15:51
  opinion that there was a strong loophole
• 15:53
  from a legal perspective. You can gamble
• 15:55
  on anything because it's peer
• 15:56
  >> gotten away with it for a while.
• 15:58
  >> It's been years now. It's been it's been
• 16:00
  years.
• 16:01
  >> All right. Well, here we are.
• 16:02
  >> We are here at Green Valley. So, I
• 16:04
  figured we give them a shout out.
• 16:05
  >> Yeah, you might as well.
• 16:06
  >> Lots of things going on here. Like, you
• 16:08
  can see stuff happening in real time.
• 16:09
  >> There's a lot I'm surprised that they
• 16:11
  were allowing this to happen here. A lot
• 16:12
  of disruption. I guess you have no
• 16:13
  choice. It's a 24/7 operation. If you
• 16:16
  want to replace the carpet,
• 16:18
  >> you got to shut down. So, every time we
• 16:20
  come in here, there's a different
• 16:21
  section of the casino being shut down
• 16:22
  right now for the carpet to go in,
• 16:25
  >> which I feel like is a weird order of
• 16:28
  operations. I grew up in construction.
• 16:29
  You think you would cuz they're they're
• 16:30
  repainting and they're they're getting
• 16:32
  rid of stonework and they're putting in
• 16:33
  like new ceiling stuff and there's going
• 16:35
  to be other like much heavier
• 16:36
  construction.
• 16:37
  >> So, you think you would do all that on
• 16:38
  the old carpet carpet last was always a
• 16:40
  thing. It was when the carpet goes in
• 16:42
  like it's about time to get your your
• 16:44
  occupancy permit.
• 16:46
  >> So, I'm surprised about that. But they
• 16:48
  are or they have remodeled the West
• 16:50
  Tower suites here, which I didn't, you
• 16:52
  know, I haven't been to. They have a new
• 16:54
  a new butler service here. So, they're
• 16:56
  trying to like raise the level of of
• 16:58
  what they're doing here, right?
• 16:59
  >> Um it's a $200 million project here. I
• 17:02
  mean, it's it's a massive project.
• 17:03
  They're putting a bunch of money in
• 17:04
  here. taking money when casinos and I
• 17:08
  learned this years and years and years
• 17:10
  ago,
• 17:11
  reinvesting money into the casino or
• 17:15
  business or property or what, however
• 17:17
  you want to term it is a write-off.
• 17:20
  >> So that's why they always do it.
• 17:21
  >> Yeah. Well, I mean that's any any
• 17:22
  business. So when they put the stone,
• 17:26
  take the stone off of these pillars
• 17:29
  and they pay $200 million to do it. It
• 17:33
  probably
• 17:35
  probably doesn't really cost them $200
• 17:37
  million.
• 17:39
  >> If they inflate things and they write
• 17:41
  all that money off,
• 17:42
  >> it cost us $200 million. We want
• 17:44
  >> We're in the machines.
• 17:47
  >> Yeah.
• 17:48
  >> I I don't see anything here about them
• 17:50
  having a Desert Den suite or wing. They
• 17:52
  don't
• 17:53
  still call it the West Tower. So, we're
• 17:55
  >> Yeah. 71 luxury suites and 422 rooms.
• 17:58
  >> West Tower.
• 18:00
  >> 37 West Tower suites available to book
• 18:03
  right now.
• 18:03
  >> Yep. They're already there.
• 18:04
  >> There's a 2790
• 18:06
  ft.
• 18:06
  >> Yeah.
• 18:07
  >> Their signature one with a with a view
• 18:09
  view of the strip, which makes sense. We
• 18:11
  We know this area well. I mean, I
• 18:12
  haven't seen the show from this exact
• 18:14
  location, but like if you go to the
• 18:16
  apartments next door on the back side,
• 18:18
  they have a they have a and they're only
• 18:20
  three stories. Right. So, I've been in
• 18:21
  the rooms here.
• 18:23
  >> Uh my buddy Jason had one of their
• 18:24
  suites here recently and uh yeah,
• 18:28
  >> nice property. A lot of people love
• 18:30
  coming here because they don't want to
• 18:31
  deal with the riff raff of the strip and
• 18:33
  there's so much great stuff around here.
• 18:34
  You can walk right over to the district
• 18:36
  and get a bunch of other restaurants and
• 18:37
  >> I was there last night, Mike.
• 18:38
  >> There you go.
• 18:40
  >> I I heard I seen I saw pictures.
• 18:42
  >> Um
• 18:43
  >> this was not us.
• 18:44
  >> I was going to say like
• 18:45
  >> this was not us, Mike. I was I was
• 18:47
  actually going to leave with we we hit
• 18:48
  the jackpot and he ruined my thunder.
• 18:50
  >> No, this was not us.
• 18:51
  >> All right.
• 18:51
  >> You would know.
• 18:52
  >> Yeah.
• 18:53
  >> You guys would know before this came out
• 18:54
  >> because this happened on February 29th.
• 18:56
  We're just finding out about it. Uh but
• 18:57
  at the Rio. So the thing that's exciting
• 18:59
  is we play there all the time. So you're
• 19:01
  saying it could have been us. Yeah.
• 19:03
  >> I don't know which one it was. There's
• 19:04
  only two,
• 19:05
  >> right?
• 19:05
  >> Well, this is a 122,000. So it had to be
• 19:08
  in the high limit room.
• 19:09
  >> Yeah. And we played them. There's two of
• 19:11
  them.
• 19:11
  >> Yeah. It's a Chica Bonita.
• 19:14
  >> Oh, no. There's three. Chica Bonita on
• 19:16
  the firewall and then the two lightning
• 19:17
  links.
• 19:17
  >> Oh, those.
• 19:18
  >> Yeah, the old ones.
• 19:19
  >> Yeah,
• 19:20
  >> that we've had a lot of luck on.
• 19:22
  >> Yeah,
• 19:22
  >> the the chips and then the
• 19:24
  >> So, it's uh the dollar storm. No, not
• 19:26
  dollar stom. Sorry. The the high stakes.
• 19:28
  >> High stakes and the heart one next to
• 19:30
  it.
• 19:30
  >> Yeah, the heart throb or something like
• 19:32
  that.
• 19:32
  >> Yeah. What is that one?
• 19:32
  >> I don't like that one.
• 19:33
  >> No, we're not.
• 19:34
  >> But I like the high stakes one. Anyway,
• 19:35
  congratulations to whoever you are.
• 19:37
  >> 22,000.
• 19:38
  >> You're welcome. We contributed to that
• 19:39
  machine, too.
• 19:40
  >> We definitely
• 19:41
  >> No one ever gives us credit. There
• 19:42
  should be naming rates. Uh,
• 19:44
  >> they should at least put the sign on
• 19:46
  there like we see Vegas Matt approved
• 19:48
  machine. We should get that DJ put money
• 19:51
  into this machine.
• 19:52
  >> We did.
• 19:53
  >> All right. Uh, Laughlin. That doesn't
• 19:55
  make it onto the agenda very often. It
• 19:57
  must have been a short news week.
• 19:58
  >> No, it doesn't.
• 19:59
  >> Laughlin.
• 20:00
  >> What? What is this?
• 20:01
  >> I live there. I live there for 7 months.
• 20:02
  >> I kid. I kid. I kid. Uh, they're doing a
• 20:04
  house plus cash promo.
• 20:06
  >> Okay.
• 20:06
  >> Uh,
• 20:08
  >> $300,000 house. Now house like meaning
• 20:11
  like they're giving you a house. They're
• 20:13
  giving away a house. Wow.
• 20:14
  >> Plus $60,000 cash. Don't quite
• 20:16
  understand the cash part. Maybe it's
• 20:17
  like to pay the taxes on the thing or
• 20:19
  buy yourself some furniture, but you got
• 20:21
  to go out there uh Saturdays March 14th
• 20:24
  through 11th. Uh and you can earn
• 20:27
  tickets through April 18th or ticket
• 20:30
  earning window through
• 20:32
  >> the weekly draws. That's interesting.
• 20:33
  There must
• 20:34
  >> 500 cash certificates. Yeah.
• 20:35
  >> I feel like we have something wrong
• 20:36
  here. I need to go double check that.
• 20:37
  We'll do a revised thing cuz something
• 20:40
  doesn't quite add up there. And maybe
• 20:41
  >> grand prize is the 18th. That's the
• 20:43
  house.
• 20:43
  >> That's what That's what I see. The
• 20:45
  weekly draws are March 14th through
• 20:46
  11th. I'm like, something's missing here
• 20:48
  now. I see it. So, the 18th, you can
• 20:50
  earn tickets right up until the day of
• 20:51
  the drawing. Someone's going to win a
• 20:53
  house.
• 20:53
  >> Awesome.
• 20:54
  >> Uh, in the finals pool, there'll be 120
• 20:56
  certificate holders. So, it's going to
• 20:57
  be like the weekly drawing, I guess,
• 20:59
  like contributes towards you. One of
• 21:00
  these multi-level things.
• 21:01
  >> It's not too bad. Only
• 21:02
  >> the cash option. If you don't want the
• 21:04
  house, I don't know where the house is
• 21:05
  going to be. You could take 210K.
• 21:07
  >> Okay. Yeah, I I would take that. I don't
• 21:09
  need a house in Laughlin.
• 21:10
  >> We could pay our house off.
• 21:12
  That'd be kind of cool,
• 21:13
  >> right?
• 21:13
  >> That'd be awesome.
• 21:15
  >> Guys, this is this is a multiaceted
• 21:17
  story.
• 21:18
  >> This might actually be a problem for us.
• 21:20
  This next point is uh we're leaving here
• 21:22
  to go out to DC.
• 21:25
  >> Yeah.
• 21:25
  >> And I'm wondering if we need to be there
• 21:27
  5 hours early. They were talking about
• 21:28
  this last night.
• 21:29
  >> It's not good. And I'm not happy. Like I
• 21:32
  I almost want to cancel our trip. Like
• 21:33
  that's how much it upsets me.
• 21:34
  >> Oh.
• 21:35
  >> Because we have to deal with it twice on
• 21:36
  the way there and the way back.
• 21:38
  >> Yeah. Is it worse in DC? Have you have I
• 21:41
  >> I have a
• 21:41
  >> I almost want to go out to the airport
• 21:43
  just to see if TSA line is 5 hours or
• 21:45
  not.
• 21:46
  >> I have a friend who just waited a couple
• 21:47
  of hours in line at at the airport in
• 21:50
  DC.
• 21:50
  >> It doesn't even matter if you have TSA
• 21:51
  pre-check.
• 21:52
  >> Doesn't even matter.
• 21:53
  >> Well, she did say that pre-check was
• 21:54
  reopened in DC. Was it also her first?
• 21:57
  Yeah.
• 21:57
  >> So, I think that this is fluid, but uh
• 22:00
  it was cool. MGM sent uh people out
• 22:02
  there to help the TSA workers. They sent
• 22:03
  them 700 chef prepare lunch boxes to
• 22:05
  help the TSA staff here at the local
• 22:08
  Harry Reed airport. So, we also help pay
• 22:09
  for that. We We play it.
• 22:11
  >> Yeah. I'm glad that we can help the TSA
• 22:12
  workers.
• 22:13
  >> Yes.
• 22:14
  >> Yeah.
• 22:14
  >> Something good came of it.
• 22:16
  >> Yeah. Um I don't know. I don't do well
• 22:18
  with lines. Some people they'll My wife
• 22:20
  doesn't care. It's like whatever. Um
• 22:23
  >> I'm already mentally preparing myself,
• 22:25
  so it helps when I do that, but I'd
• 22:27
  rather get through the TSA thing quickly
• 22:28
  and go into the airport club and relax
• 22:30
  before having to fly. I have this stupid
• 22:33
  MX card and I don't fly any longer. I'm
• 22:35
  thinking of canceling it cuz I don't fly
• 22:36
  enough anymore. Right.
• 22:38
  >> And uh and and then we're going to wait
• 22:39
  in line instead of getting to use the
• 22:40
  darn club.
• 22:40
  >> Yeah, that's no good.
• 22:41
  >> So, I don't know. But uh at least MGM's
• 22:44
  helping helping out the TSA work.
• 22:46
  >> That's cool that they sent out some some
• 22:48
  >> prepared. My understanding is that
• 22:49
  they're like not getting paid.
• 22:51
  >> Yeah. Yeah. But I think Congress,
• 22:54
  >> all the people in Congress, all the, you
• 22:57
  know, people that we we all voted for,
• 23:00
  >> they they're still getting paid.
• 23:02
  >> It It's funny. And one of the things we
• 23:03
  we have this news podcast now,
• 23:06
  >> but I don't really watch the news.
• 23:07
  >> Right.
• 23:07
  >> Like I'm This is how I'm getting my news
• 23:10
  like is we're doing the research for all
• 23:11
  this stuff.
• 23:12
  >> Exactly.
• 23:12
  >> This just upsets me so much that I've
• 23:14
  just decided to stop watching it cuz
• 23:16
  >> mostly the news just infuriates people
• 23:18
  either side and I don't want to be
• 23:19
  upset.
• 23:19
  >> It's like when I lived in LA, I didn't
• 23:20
  watch the news because every night there
• 23:22
  was a car chase with the police and
• 23:23
  >> Yeah, I've already seen that. Yeah, I
• 23:25
  didn't need to see it anymore.
• 23:27
  >> All right, to wrap things up, Caesar's
• 23:30
  sales chatter. Yeah,
• 23:32
  >> this is probably going to be
• 23:34
  >> in the podcast
• 23:35
  >> going forward
• 23:36
  >> almost every week. This is such a big
• 23:38
  deal. Such a big deal cuz again it's
• 23:40
  like
• 23:40
  >> 25 to 30, you know, a quarter to a third
• 23:43
  of the strip. You add up all the hotels,
• 23:45
  >> uh March 11th.
• 23:46
  >> Yes.
• 23:47
  >> So, just after the last episode we put
• 23:49
  out, uh there's a discussion around $34
• 23:51
  a share. So, now there's
• 23:53
  >> like actual numbers out there, uh which
• 23:55
  is $7 billion. Uh puts it we talked
• 23:57
  about that $7 billion number before.
• 23:59
  >> Yeah. Well, it was less. No, it was less
• 24:01
  last time we talked about.
• 24:02
  >> That was 7 billion.
• 24:03
  >> Seven?
• 24:03
  >> Yeah, that was what we talked about last
• 24:04
  night.
• 24:05
  >> Cuz the number was uh down in the 20s
• 24:08
  for uh share.
• 24:09
  >> Well, when you you typically when you
• 24:10
  have a takeover, you typically have to
• 24:12
  bid higher than
• 24:13
  >> Well, it was up 120 at one point. So,
• 24:15
  >> March 14th, this is where things are
• 24:17
  starting to slide a little bit. Uh now,
• 24:19
  it's $32 a share. So, that puts at 6.5
• 24:22
  billion down a little. So, it is coming
• 24:23
  down.
• 24:24
  >> Um but it is typical. I mean, I've been
• 24:25
  in the stock market since I was 18,
• 24:28
  right? Uh, and whenever you get, you
• 24:30
  know, hostile takeover or takeover bid
• 24:31
  or an untendered share offer, whatever
• 24:34
  it is, it's almost always above market
• 24:36
  price because what ends up happening is
• 24:39
  >> the shareholders have a vote. And so,
• 24:41
  it's like, why would I just sell this at
• 24:44
  market value?
• 24:45
  >> I want above market value to get to get
• 24:48
  the votes.
• 24:48
  >> That makes sense.
• 24:49
  >> Uh, as a public company. And so,
• 24:51
  >> plus they hope it's going to go up.
• 24:53
  >> That's right.
• 24:54
  >> They're not buying it to lose hopefully.
• 24:55
  >> Yeah. So at any rate, now the price is 6
• 24:58
  half billion. So it's like uh Wall
• 25:01
  Street when Gordon's like, "Ah, so I'm
• 25:03
  only going to make a, you know, couple
• 25:05
  million, whatever." So now it's like,
• 25:06
  it's what's a half a billion dollars?
• 25:07
  It's only $500 million difference. It's
• 25:09
  not a big deal.
• 25:10
  >> Uh
• 25:12
  >> supposedly this could happen in the next
• 25:13
  45 days.
• 25:14
  >> That's crazy.
• 25:14
  >> Which is actually pretty nuts.
• 25:16
  >> That is crazy. So that that's that's
• 25:19
  what makes I think such a big story
• 25:20
  right now is that this could be this
• 25:22
  could be happening by the next podcast
• 25:24
  episode or something you could be
• 25:26
  announced. So
• 25:27
  >> uh it will change Vegas forever. I mean
• 25:29
  it it's it just it is such a big part of
• 25:32
  the strip. We talked about this before.
• 25:33
  >> So we'll see if and when this goes
• 25:35
  through. These types of things get
• 25:37
  announced all the time and don't happen.
• 25:39
  They even get announced and be like this
• 25:41
  is the offer and still don't go through
• 25:42
  because of other regulatory other
• 25:44
  approval. There might be some type of
• 25:45
  thing where the FTC steps in and says,
• 25:47
  "Wait a second. Now you have too much of
• 25:48
  too much, you know, because they already
• 25:50
  own other things, so we'll see what
• 25:51
  happens."
• 25:52
  >> Well, the building we're sitting in, the
• 25:53
  brothers own, right?
• 25:55
  >> This is the other brother that's trying
• 25:56
  to buy Caesar.
• 25:57
  >> So, they would argue that, you know,
• 25:58
  they're it's a different company,
• 26:00
  different people.
• 26:00
  >> Yeah. You know,
• 26:02
  >> well, they got good attorneys, too, so
• 26:03
  >> Yes, they do.
• 26:04
  >> They'll probably figure it out.
• 26:05
  >> That's probably why they had to lower
• 26:06
  the price by a half a billion dollars.
• 26:08
  >> Pay for their possibly.
• 26:10
  >> All right. I think that about wraps it
• 26:11
  up this week. All right. Hopefully next
• 26:13
  week we can announce pink is here.
• 26:14
  >> Oh, I hope so.
• 26:16
  >> Yeah,
• 26:16
  >> I hope so.
• 26:17
  >> All right, guys. We'll see you next
• 26:18
  time.
• 26:18
  >> DJ's going to be very happy when that's
• 26:20
  announced.
• 26:20
  >> Yeah. Okay. Me too.
• 26:21
  >> You're Mrs. D.
• 26:22
  >> Oh, yeah.
• 26:22
  >> Yeah.
• 26:23
  >> We get to go to a show together.
• 26:24
  >> True.
• 26:24
  >> All right. Bye, everybody. Fire one.