Latest / Desert Degens Podcast / Vegas Expansion, Huge Wins, And Big Casino Headlines

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Vegas Expansion, Huge Wins, And Big Casino Headlines · Desert Degens Podcast

• 0:00
  It continues to get worse to a point
• 0:01
  where they make massive permanent
• 0:03
  [music] changes to make things better.
• 0:05
  >> They didn't tell them in a timely
• 0:06
  manner, right,
• 0:07
  >> that this happened. So the people
• 0:09
  couldn't even stop.
• 0:10
  >> Yeah. They were trying to squash it
• 0:12
  down.
• 0:12
  >> And it's just so interesting to me like
• 0:14
  how hypocritical this stuff is because
• 0:15
  the guy that championed the bills like
• 0:18
  gambling [music] tears at the fabric of
• 0:19
  society and social mores and you know
• 0:22
  all this terrible stuff. But horse
• 0:24
  racing that's okay. You know, my [music]
• 0:27
  my state has that.
• 0:35
  Today's lead story is kind of a
• 0:37
  conglomeration of a bunch of things cuz
• 0:39
  we got a whole bunch of announcements
• 0:40
  today. Ellis Island expansion enters
• 0:43
  phase three, third and final phase.
• 0:45
  >> We were just down there.
• 0:46
  >> Oh yeah,
• 0:47
  >> because we're filming there now. Boom.
• 0:49
  How about that partnership? Desert DJens
• 0:52
  and the Ellis Island.
• 0:54
  >> Very, very cool. So, man, we were
• 0:56
  already down there just kind of in an
• 0:58
  official capacity when they opened up
• 1:01
  the other phase. Place is looking great
• 1:04
  >> and uh and now we're officially working
• 1:06
  with them. So, you're going to be able
• 1:06
  to go down there in just a couple of
• 1:08
  weeks. We
• 1:09
  >> we can announce all the things, but you
• 1:10
  can't go do the things yet because we
• 1:12
  have to get some logistic things done. A
• 1:14
  lot of things to get done. We are going
• 1:15
  down.
• 1:15
  >> So, yeah. So, we're already recording.
• 1:17
  We recorded our first video. So, you'll
• 1:19
  be able to start going down to Ellis
• 1:20
  Island and get free play from the Desert
• 1:23
  DJs. And what you'll do is you're going
• 1:24
  to go to desertens.com/ellis
• 1:26
  to register for it and you'll bring the
• 1:28
  email down there and then you're going
• 1:29
  to get to spin a wheel that will get you
• 1:31
  15 to $1,000 in free play.
• 1:33
  >> A nice big chunk of change right there.
• 1:35
  >> You can also come down and watch us do a
• 1:38
  group poll on the last Friday of every
• 1:40
  month starting
• 1:42
  >> they can join us
• 1:43
  >> March 27th. Come do a group with us.
• 1:45
  It's going to be a live stream. There'll
• 1:46
  be an hour cocktail hour starting at
• 1:48
  6:30 followed by the group. Yeah. Very
• 1:51
  very cool. But let's talk a little bit
• 1:52
  more about the expansion. So, they did
• 1:54
  phase one, which has been done for a
• 1:55
  while. Phase two opened uh just now in
• 1:58
  February.
• 1:59
  >> Looking great. We got some footage of it
• 2:01
  here. We'll throw in the video.
• 2:02
  >> New table game areas.
• 2:04
  >> Motion desk was redone.
• 2:06
  >> They moved some slot machines around.
• 2:07
  Like the place looks newer, fresher.
• 2:09
  >> Don't have to walk down that long
• 2:10
  hallway.
• 2:11
  >> Get down to the bathroom and the
• 2:12
  cashier. It's right there in the casino
• 2:14
  now.
• 2:15
  >> Yep. New village pub. They had taken the
• 2:17
  village pub out and put in slot
• 2:18
  machines.
• 2:19
  >> Some of the best ribs in town.
• 2:20
  >> Yeah. It's looking good. Now they're
• 2:22
  going to redo the karaoke area
• 2:24
  >> and uh that's phase three.
• 2:25
  >> Yeah, it's in the in the front yard is
• 2:27
  also under construction, which is a
• 2:28
  shame cuz I I like the front yard. I
• 2:30
  hope they can
• 2:30
  >> The front yard is open.
• 2:31
  >> Oh, is it open? Yes, the front yard is
• 2:33
  open. Oh, it says the front yard would
• 2:34
  stay open.
• 2:35
  >> The front yard is open. The karaoke is
• 2:37
  being redone. Yes,
• 2:38
  >> karaoke is down. And eventually, I'm
• 2:40
  told that when they reopen that, we
• 2:42
  might be able to do a Desert Dent's
• 2:43
  karaoke party in there. Absolutely.
• 2:45
  That's what they're offering us. So,
• 2:46
  pretty pretty cool stuff. LS's got, you
• 2:49
  know, some really cool things going on.
• 2:50
  It's a family-owned property. In our
• 2:53
  experience, just plain limited. They're
• 2:54
  return to players better than on the
• 2:56
  strip, right? Because it's, you know,
• 2:57
  they're not the big corporate uh
• 3:00
  conglomerate trying to suck all the
• 3:01
  money out of tourists. In fact, they get
• 3:03
  a lot of locals that go down there as
• 3:04
  well. Really good specials. They have a
• 3:06
  799 steak special, which you know darn
• 3:08
  well,
• 3:08
  >> I'm going to be taking advantage of
• 3:10
  that.
• 3:10
  >> They brew their own beer there.
• 3:11
  >> Yeah. It's a brewery. It's in the name.
• 3:13
  Yes. It's funny. Mr. D's like, "It's not
• 3:14
  a brewery." I'm like, "It's in the
• 3:15
  name." They literally brew their own
• 3:16
  beer. Yes, I am brewing. pretty freaking
• 3:17
  cool. So guys, come check us out down
• 3:19
  there at Ellis Island, especially when
• 3:21
  we have that free play offer and go down
• 3:23
  there and check them out.
• 3:25
  >> Ryan, there's some storm clouds on the
• 3:28
  horizon here.
• 3:29
  >> Yes, there are. Yes.
• 3:30
  >> It's been interesting cuz as we started
• 3:32
  this podcast, we've had some like
• 3:34
  positive news on this front, some
• 3:36
  negative news, and some positive news
• 3:37
  and some negative news. Well, this is
• 3:40
  not looking great.
• 3:41
  >> Not positive.
• 3:42
  >> Yeah. Las Vegas Strip Gaming win drops
• 3:46
  11%
• 3:47
  to start the year in 2026.
• 3:50
  >> Not a good start.
• 3:52
  >> It's pretty significant.
• 3:53
  >> Yeah,% these are not one or two%
• 3:56
  >> numbers. There was another thing in here
• 3:58
  that I saw about the consecutive nature
• 4:02
  of some of this. It's on the next topic
• 4:03
  we'll get into.
• 4:04
  >> Uh Mosqu and North Vegas still continue
• 4:07
  to to to have some growth. talked about
• 4:09
  that last week,
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  >> but Clark County specifically 8.3 uh
• 4:14
  overall 8.36%. Nevada statewide down
• 4:18
  6.6.
• 4:19
  >> Less and less people, I think, feel the
• 4:21
  need to come here
• 4:22
  >> and pay $25 extra for room charger was
• 4:26
  another story that we just saw.
• 4:28
  >> Uh yeah, all the things. There was
• 4:30
  someone that just had two margaritas and
• 4:32
  two bottles of water at a show and paid
• 4:34
  almost 200 bucks.
• 4:34
  >> $200.
• 4:35
  >> It was like a $25 admin fee. Well, my
• 4:38
  chair is like going crooked. A uh a $27
• 4:41
  tip,
• 4:42
  >> right?
• 4:42
  >> Plus the, you know, the VI the VIP
• 4:45
  marble shots of Patone or whatever.
• 4:48
  >> Stories get out. People don't appreciate
• 4:49
  getting ripped off. No,
• 4:50
  >> I don't mind paying for a premium
• 4:52
  experience and paying a premium price.
• 4:54
  >> Never had a problem with any of that. I
• 4:56
  just never like to feel like I'm
• 4:57
  objectively being just completely ripped
• 4:59
  off.
• 4:59
  >> Gouched. Yes.
• 5:00
  >> Just, you know, because you can kind of
• 5:02
  thing.
• 5:03
  >> And the because you can doesn't exist
• 5:04
  here any longer. People can gamble in
• 5:07
  something like 40 states now. You don't
• 5:08
  have to come to Vegas. We talk about
• 5:10
  this
• 5:10
  >> casinos everywhere
• 5:11
  >> all the time. It's uh it's a problem.
• 5:13
  >> They're going to need to figure that
• 5:14
  out.
• 5:15
  >> Yeah. I don't know. I mean, I hope
• 5:18
  >> How many times can it go down 11% before
• 5:20
  they finally say, "We need to change
• 5:21
  something here."
• 5:22
  >> Well, here's a fun fact. It can go down
• 5:24
  11% every month and never hit zero.
• 5:27
  >> True.
• 5:28
  >> Cuz mathematically, you know,
• 5:29
  >> Yeah. till they get to 1%. Yeah.
• 5:31
  >> And they'd be like, "Why are we open?"
• 5:33
  >> Yeah. Why are we here? So maybe it can
• 5:34
  go to zero and they close.
• 5:35
  >> I don't think it would get to 1%. I
• 5:37
  think it might get to 70.
• 5:39
  >> I I don't know. Like this might be
• 5:42
  >> I don't know what that number is.
• 5:43
  >> Some short-term pain for the local
• 5:45
  economy for maybe some long-term gain
• 5:48
  cuz maybe this is the thing that gets
• 5:52
  the big resorts,
• 5:53
  >> maybe some of that new stuff,
• 5:54
  >> the MGM and the Caesars, you know, the
• 5:56
  winds and the
• 5:58
  >> Venetians of the world to
• 6:00
  >> to change things a little bit. I always
• 6:02
  like to at least counter everything if I
• 6:04
  can because I don't we don't like to
• 6:05
  talk about negative things,
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  >> right?
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  >> In general if we can avoid them. I mean,
• 6:09
  but it is life. Life has got some
• 6:10
  negatives.
• 6:11
  >> Well, just based upon how bad that
• 6:14
  number is going down, they're blowing
• 6:16
  buildings up, Mike.
• 6:17
  >> Yeah.
• 6:18
  >> You know that they just uh imploded.
• 6:20
  >> Oh, I know.
• 6:21
  >> The canery east side canery.
• 6:23
  >> Toothpicks in my eyes right now. I got
• 6:25
  woken up at 2:00 in the morning.
• 6:26
  >> Crazy.
• 6:27
  >> It's so funny. I heard like
• 6:28
  >> It's not close to your house.
• 6:30
  >> Boom. And I'm like boom boom boom boom
• 6:32
  like like sequential.
• 6:34
  >> And then I heard like I I could hear the
• 6:36
  whole building.
• 6:36
  >> I think they're going to build a housing
• 6:38
  development there.
• 6:38
  >> It scared the living crap out of me. I
• 6:40
  didn't know what the heck it was going
• 6:41
  on. I woke up. I looked at the clock. It
• 6:43
  was 2:00 in the morning
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  >> and I'm like this can't be anything
• 6:47
  major, you know, whatever. Like but like
• 6:48
  I I I tried to fall back to sleep and I
• 6:50
  couldn't fall back to sleep. So, I got
• 6:52
  up and like used the restroom and got my
• 6:53
  phone and I looked on Twitter
• 6:54
  >> and found it
• 6:55
  >> and and then I remember cuz our buddy uh
• 6:57
  John and Christina, buddies, Johnny and
• 6:59
  Christina from Vegas Advantage. Maybe
• 7:00
  they I'll ask them. I don't know if I
• 7:02
  can get the footage as quickly, but they
• 7:04
  were there. They rented a room and Yeah.
• 7:07
  And they and they had they were filming
• 7:08
  the building. So, I saw that they
• 7:11
  weren't in the building. Thank god they
• 7:12
  were okay.
• 7:14
  >> Oh, man. Yeah. We don't have to go to a
• 7:16
  funeral, right?
• 7:17
  >> Oh, man. I love those guys. Yeah. No,
• 7:19
  they were they were they checked into a
• 7:20
  building across the street and they got
• 7:22
  there early so they got the perfect
• 7:23
  view. And they're like kind of known now
• 7:25
  for filming implosions. Like that's
• 7:27
  their thing.
• 7:28
  >> Vegasadvantage.com. Go check them out.
• 7:31
  >> Uh again, I'll try to put a little clip
• 7:33
  in here, ask their permission, see if I
• 7:34
  can get a hold of them. We got a tight
• 7:36
  editing schedule, so I'm not sure we can
• 7:37
  get that done. All right.
• 7:38
  >> But yeah, out with the old
• 7:40
  >> I'm sure you can find it online.
• 7:41
  >> Well, it's there. But
• 7:42
  >> they're not the only people that videoed
• 7:43
  it, I bet.
• 7:44
  >> But I'm not going to use anyone's
• 7:44
  footage out there.
• 7:45
  >> No, I understand. I'm saying if we can't
• 7:47
  get it, you can find it.
• 7:48
  >> That's true. That is true. So, uh, but
• 7:50
  as I was saying, uh, out with the old,
• 7:52
  in with the new has some maybe some bad
• 7:55
  news, has some good news.
• 7:56
  >> That's right.
• 7:57
  >> Okay. Vegas visitation is dipping,
• 7:59
  >> but convention stuff is up. And we
• 8:02
  talked about this. We broke this story
• 8:03
  last week. We have more information.
• 8:06
  >> Uh, while January 2026, visitor volume
• 8:09
  dipped another 2.2%.
• 8:11
  Year-over-year.
• 8:13
  >> 13 months.
• 8:14
  >> 13 consecutive months.
• 8:15
  >> Wow.
• 8:16
  >> Dipping. It's not great. All of 2025,
• 8:20
  every month has been year over year,
• 8:21
  month over month,
• 8:23
  >> in the 26.
• 8:24
  >> In the 26, convention attendance, which
• 8:27
  is a huge part,
• 8:28
  >> huge
• 8:29
  >> of the Vegas economy.
• 8:30
  >> If you've never been to the convention
• 8:31
  area here, it's massive.
• 8:33
  >> We start I don't want to get off the
• 8:34
  same topic again, but the thing's so
• 8:36
  big, they built the Tesla loop
• 8:38
  originally underneath the convention
• 8:39
  center just to link them all together,
• 8:40
  >> just to get around.
• 8:41
  >> Just so people can get around quicker.
• 8:42
  That's how
• 8:43
  >> massive this complex is. 6.9% increase
• 8:47
  >> in attendees. That's pretty good.
• 8:49
  >> Which is pretty massive.
• 8:50
  >> The big conventions that are here um in
• 8:54
  January,
• 8:55
  >> CES, which you guys saw the new robots,
• 8:58
  >> right?
• 8:58
  >> Uh World of Concrete, which amazes me
• 9:00
  that it's so big. The Shot Show, which
• 9:02
  we've gone to before cuz we used to own
• 9:04
  a an e-commerce company that was
• 9:06
  involved those types of products.
• 9:08
  >> International Roofing Expo. I haven't
• 9:10
  been to that. That's your thing.
• 9:11
  >> I've been to that. My brother owns a
• 9:12
  roofing company.
• 9:13
  >> Yeah. out in Colorado. We've come for
• 9:15
  that convention and those guys are
• 9:17
  crazy, man. They're big drinkers, too.
• 9:19
  The roofers.
• 9:20
  >> Yeah.
• 9:20
  >> Jeez.
• 9:21
  >> They want to make sure that when they
• 9:22
  fall off the roof, they don't feel
• 9:23
  anything,
• 9:23
  >> I guess.
• 9:23
  >> So, you got to make sure you are. Or
• 9:25
  maybe you're celebrating not falling off
• 9:26
  the roof for another day. And that's why
• 9:28
  they drink when they get home.
• 9:29
  >> A lot of fun.
• 9:30
  >> A visitation overall last year. We did a
• 9:32
  story about this before, but just to
• 9:33
  reiterate, final numbers uh official now
• 9:36
  72% down. 7 and 12% down. So, 38.5
• 9:41
  million. Still a gigantic number. huge
• 9:43
  number.
• 9:43
  >> But in 2024, it was 41.6 million,
• 9:46
  >> right?
• 9:46
  >> So, you know, millions or less people
• 9:48
  came through the airport and visited
• 9:50
  Vegas
• 9:52
  >> last year.
• 9:52
  >> We barely even left town, so we're not a
• 9:54
  very big part of that number either.
• 9:55
  >> There's official headlines out, you
• 9:57
  know, the the uh CEOs, the executives,
• 10:00
  the big, the big that cut off the
• 10:02
  oxygen,
• 10:03
  >> right? We don't wear those.
• 10:04
  >> They they're optimistic about 2026
• 10:06
  turnaround.
• 10:06
  >> They always are. But I I feel like that
• 10:08
  they have to say that. So, I don't know
• 10:09
  that they put any any weight into those
• 10:11
  on that. Yeah.
• 10:12
  >> I I hope it turns around, like I said.
• 10:15
  But I also hope
• 10:16
  >> my my if I if I could,
• 10:19
  >> you we play mystery of the lamp. If I
• 10:20
  could rub the genie.
• 10:21
  >> Yeah. Yeah. Rub the
• 10:23
  >> and have a wish, I would say. I hope
• 10:24
  that
• 10:25
  >> it continues to get worse to a point
• 10:27
  where they make massive permanent
• 10:28
  changes to make things better
• 10:30
  >> for customers.
• 10:31
  >> Keyword
• 10:32
  >> and then everybody comes back.
• 10:33
  >> Right. Right.
• 10:35
  >> So, yeah, free parking.
• 10:37
  >> Let's start with that.
• 10:38
  >> There's a Let's start simple. There's a
• 10:41
  uh like a petition online to try to get
• 10:43
  free parking back in Vegas.
• 10:44
  >> I I don't know why they don't do it. I
• 10:46
  mean, I know it makes them money, but it
• 10:47
  also makes a lot of people not go down
• 10:49
  there. So, there's got to be a give and
• 10:51
  take.
• 10:51
  >> It irritates me going in and coming out.
• 10:54
  Have to wait in line. I have to go dig
• 10:55
  for my card and I get free parking at
• 10:57
  those places. It still irritates me,
• 10:59
  >> right?
• 11:00
  >> Freaking parking situation.
• 11:01
  >> Anyway,
• 11:02
  >> silliness. All right, we have to do an
• 11:04
  update on the wind cyber attack. We
• 11:06
  broke the story last week. Yes,
• 11:07
  >> there's now a lot more information about
• 11:10
  this. It was indeed all employee
• 11:12
  records. Yeah,
• 11:13
  >> this number blew my mind. I I don't
• 11:15
  understand.
• 11:15
  >> I didn't know they had that many people.
• 11:16
  >> This is a huge number.
• 11:17
  >> Employed
• 11:18
  >> 800,000 employees.
• 11:19
  >> Must be from day one that they still had
• 11:21
  their information in the computer.
• 11:22
  >> A lot of part- timerrs.
• 11:24
  >> Yeah,
• 11:24
  >> there's people who worked there maybe
• 11:26
  years ago that don't work there anymore.
• 11:27
  >> That too is what it's got to be.
• 11:29
  >> There's people who work internationally,
• 11:30
  so they got the Macau operation,
• 11:32
  >> right?
• 11:32
  >> Uh so the numbers starts to make more
• 11:34
  sense. you think about it's a 24/7
• 11:35
  operation
• 11:36
  >> and uh yeah people come and go
• 11:38
  >> right
• 11:39
  >> so all of a sudden the numbers but like
• 11:40
  we just first get that number it's big
• 11:42
  but they got you know social security
• 11:44
  numbers and a bunch of other sensitive
• 11:45
  data
• 11:47
  >> I mean
• 11:47
  >> it's probably somewhere near that
• 11:49
  >> I'm believing it cuz now there's
• 11:50
  lawsuits
• 11:50
  >> right right
• 11:51
  >> so the organization that takes credit
• 11:53
  for this is Shiny Hunters there is now
• 11:57
  >> out of the UK they said
• 11:58
  >> yeah uh well the story came out of the
• 12:02
  UK
• 12:02
  >> okay so that's not where they I doubt
• 12:04
  that they are there. They're usually in
• 12:06
  a in a jurisdiction where they can get
• 12:07
  away with this stuff.
• 12:09
  >> And I don't want to just cast
• 12:10
  dispersion,
• 12:10
  >> not be hunted down. The shiny hunters
• 12:12
  cannot be hunted down.
• 12:13
  >> There's some places in the world that
• 12:15
  are kind of known for this
• 12:17
  >> nonextradition type countries.
• 12:19
  >> Yeah. And yeah, unfortunately,
• 12:20
  >> right?
• 12:21
  >> Um they were asking the the numbers
• 12:23
  being confirmed now $1.5 million in
• 12:25
  Bitcoin. Uh but a former employee
• 12:27
  actually who's now turned federal class
• 12:29
  action lawsuit advocac
• 12:31
  Maynard uh filed a a lawsuit on February
• 12:35
  24th in US Dist uh court here in Vegas
• 12:38
  and alleges the wind was negligent in
• 12:40
  safeguarding employee data and failed to
• 12:42
  properly notify employees. claims that
• 12:44
  the wind violated the Federal Trade
• 12:45
  Commission Act by failing to use
• 12:47
  reasonable measures. Yeah. To protect
• 12:49
  the data and is now seeking uh $5
• 12:52
  million lawsuit. And that might get
• 12:53
  bigger as more people sign on to that.
• 12:56
  >> Uh and they're asking the court to adopt
• 12:59
  uh more reasonable measures from the win
• 13:02
  to protect against
• 13:04
  >> 800,000 people. So this happened in
• 13:08
  September of 25. And they're also saying
• 13:10
  that they didn't tell them in a timely
• 13:13
  manner, right,
• 13:14
  >> that this happened. Yeah. So the people
• 13:16
  couldn't even
• 13:16
  >> disclo
• 13:17
  >> Yeah. They were trying to squash it down
• 13:20
  without telling the people, "Hey, you
• 13:21
  might be in jeopardy. Maybe you should
• 13:23
  look into some type of company that can
• 13:25
  protect you. We'll take care of it." And
• 13:28
  then months later, they come out and
• 13:29
  say, "Well, now we have to pay them $1.5
• 13:32
  million in."
• 13:32
  >> I have stock of a company that protects.
• 13:34
  >> Do you really?
• 13:35
  >> Yeah. I don't want to mention the name
• 13:36
  right now, but it's it's probably the
• 13:38
  biggest one that it's a huge business.
• 13:41
  It's kind of saduge because
• 13:43
  >> I used to work for a company as as a
• 13:45
  director of IT
• 13:46
  >> and now this was
• 13:48
  >> Oh, it's possible.
• 13:48
  >> You know, 2004, so
• 13:50
  >> the cyber security risks were lower back
• 13:53
  then and things were not as
• 13:54
  sophisticated as now. But we spent six
• 13:56
  figures a year even way back then. Wow.
• 13:58
  >> On cyber security that would probably be
• 14:00
  closer to a million dollars or more. And
• 14:02
  this was a small business,
• 14:04
  >> but you know, just firewalls and other
• 14:06
  protections
• 14:07
  >> to protect against these people that are
• 14:08
  just trying to steal and and hold you
• 14:10
  hostage. It's just such an unfair
• 14:12
  >> Yeah. It's crazy.
• 14:13
  >> I can't believe that people can feel
• 14:16
  good waking up every morning making
• 14:17
  their living that way.
• 14:19
  >> Yeah.
• 14:19
  >> Just just not my thing. So,
• 14:21
  >> all right. On to the next story.
• 14:24
  >> All right. The next story is one of
• 14:25
  these ones where I had to blink three
• 14:26
  times cuz I thought maybe I was
• 14:28
  >> this is really happening.
• 14:29
  >> Yeah. Like bump bump. Is this uh really
• 14:31
  2026? Mayweather versus Pacquiao. This
• 14:35
  story came in
• 14:36
  >> right as we were about to record last
• 14:38
  week's podcast. So, this is kind of
• 14:40
  almost a week old story now. But they're
• 14:42
  fighting again.
• 14:42
  >> These guys are old again. 49
• 14:46
  >> to be fighting
• 14:46
  >> and 47.
• 14:47
  >> I mean, they're younger than me.
• 14:49
  >> I'm about that age. I don't want to be
• 14:50
  in a fight anymore.
• 14:51
  >> You do not want
• 14:52
  >> I didn't want to be a fight when I was
• 14:53
  19,
• 14:54
  >> right?
• 14:54
  >> This is crazy. I mean, these guys are
• 14:56
  punching the living crap out of
• 14:57
  themselves as hard as they can. But
• 14:58
  there's a lot of money to be made.
• 15:00
  That's why they're doing it.
• 15:01
  >> Oh my lord. And guys, this is going to
• 15:03
  be at the Sphere.
• 15:04
  >> Yes.
• 15:04
  >> Look at this.
• 15:05
  >> The first ever boxing event at the
• 15:07
  Sphere.
• 15:08
  >> There was UFC.
• 15:08
  >> They've had, right? They've had other
• 15:10
  things there, but not professional
• 15:12
  boxing. So,
• 15:13
  >> this will be This is going to be on
• 15:14
  Netflix. It's included in all
• 15:16
  subscription plans. We might have to
• 15:18
  renew our Netflix.
• 15:19
  >> Well, we have it. You can come over and
• 15:20
  watch.
• 15:20
  >> I used to get Netflix for free with my
• 15:22
  mobile provider.
• 15:23
  >> You can come right over mobile providers
• 15:24
  and I no longer and we don't watch a lot
• 15:26
  of TV. Mike, you also didn't know that
• 15:28
  Mayweather was 50 and 0 with 27 KOs
• 15:31
  where Pacquiao's 62 and8 and
• 15:34
  >> everyone that's Filipino
• 15:37
  >> thinks Pacquiao's going to win. It's
• 15:39
  crazy when you talk to him.
• 15:40
  >> Mayweather's 50 and0.
• 15:42
  >> Yeah,
• 15:42
  >> he is older.
• 15:43
  >> So, I don't have to to look further in
• 15:44
  my notes to know that Mayweather won the
• 15:46
  last fight
• 15:47
  >> against him.
• 15:48
  >> He's 50 and0.
• 15:48
  >> Yeah. So, you know, look at the big
• 15:50
  brain I'm fighting. This is this is why
• 15:53
  you guys follow us cuz I'm so smart.
• 15:54
  They have been they've been anticipating
• 15:56
  this fight again because of the money.
• 15:58
  >> It all comes back to the money.
• 15:59
  >> Mayweather's a big gambler out here too
• 16:01
  in Vegas. So,
• 16:02
  >> I'm wondering if we're big enough by by
• 16:04
  September
• 16:05
  >> to get to go to this.
• 16:06
  >> Yeah. To like get a comp tickets to
• 16:07
  this.
• 16:08
  >> I don't know about that.
• 16:08
  >> September 19th, everybody come down and
• 16:11
  check it out. I'm sure it's going to be
• 16:12
  amazing. If we got seats, we'd be far
• 16:14
  enough back to that we'd be watching the
• 16:15
  screen and not the ring.
• 16:16
  >> I don't quite understand having a boxing
• 16:18
  match or UFC at the sphere,
• 16:19
  >> right?
• 16:20
  >> It doesn't make a lot of sense.
• 16:21
  >> You watch it on the screen.
• 16:22
  >> Yeah. Like no seat's a bad seat to watch
• 16:24
  on a screen, but no seats a bad seat in
• 16:26
  your living room to watch.
• 16:27
  >> Keep in mind, this is a professional
• 16:28
  bout. This is not an exhibition bout.
• 16:30
  This is literally a pro fight at these
• 16:34
  ages
• 16:36
  for this much money. Six is 600 million.
• 16:39
  Is it going to be the total purse?
• 16:40
  >> That was last time.
• 16:41
  >> That was so it's going to be more
• 16:42
  probably.
• 16:43
  >> Could you imagine? Probably a billion
• 16:44
  dollars. Insane potentially. It was the
• 16:46
  most anticipated boxing match in
• 16:48
  decades. I'm guessing like, you know,
• 16:50
  Holyfield or Sugar Leonard, you know,
• 16:53
  Tyson,
• 16:53
  >> uh, that Jake Paul guy.
• 16:55
  >> Oh, yeah.
• 16:56
  >> Yeah,
• 16:56
  >> something like that. Maybe. Maybe.
• 16:58
  >> That was a That was a joke. That was
• 17:00
  That was a joke. Tyson could have
• 17:01
  knocked him out
• 17:03
  >> at any time he wanted in that fight.
• 17:04
  >> I think so.
• 17:05
  >> But there was money involved.
• 17:06
  >> I think so.
• 17:07
  >> Yeah, definitely.
• 17:08
  >> Netflix has been aggressively entering
• 17:09
  the live sports market. They had the
• 17:11
  Jake Ball fight.
• 17:11
  >> Yeah.
• 17:12
  >> They had the NFL Christmas game, which
• 17:14
  was irritating because I wanted to watch
• 17:15
  that game and did it on Netflix.
• 17:17
  >> Right. Well, silly. Come over.
• 17:19
  >> I didn't want to come over. I was in my
• 17:21
  Christmas pajamas.
• 17:22
  >> Oh, well, you're welcome in your pajamas
• 17:24
  as long as it's not a birthday song.
• 17:25
  >> WWE Raw, which I I No offense to anybody
• 17:28
  out there. I have no interest in that.
• 17:29
  >> We don't watch a lot of wrestling.
• 17:30
  >> It's not my thing anymore. I did it when
• 17:32
  I was a kid.
• 17:32
  >> Yeah.
• 17:33
  >> Um but yeah, any rate, I'm I'm happy for
• 17:36
  Vegas to be getting that. It's uh
• 17:39
  >> pretty
• 17:39
  >> should bring a lot of people to to town
• 17:41
  to watch it.
• 17:42
  >> Yeah.
• 17:42
  >> Mayweather doesn't have to go far. He
• 17:44
  lives here.
• 17:44
  >> Oh, does he?
• 17:45
  >> Yeah. He lives out in uh southern No. Uh
• 17:49
  yeah, Southern Highlands.
• 17:50
  >> Okay.
• 17:50
  >> Yeah. Uh Kane did his yard.
• 17:52
  >> Is that right?
• 17:53
  >> Our landscaper that's in our poker
• 17:55
  league.
• 17:55
  >> Could you imagine that?
• 17:56
  >> Kane,
• 17:57
  >> he owns a landscape company. He did his
• 17:59
  yard.
• 17:59
  >> Where is a chain that's worth more than
• 18:01
  than I'm my entire net worth?
• 18:03
  >> Right.
• 18:03
  >> Can you imagine what the yard looks
• 18:05
  like?
• 18:05
  >> Right,
• 18:06
  >> man. So, speaking of the sphere,
• 18:08
  >> right? Straight into the next update.
• 18:09
  >> I I mentioned this last last week. Now,
• 18:12
  people probably think that I said it
• 18:14
  afterwards. We record these a few days
• 18:15
  before we publish them. But I'm like,
• 18:17
  there's no chance in in this world that
• 18:19
  they're not going to add more dates
• 18:20
  >> cuz this is what they this we've seen
• 18:22
  this trend that the sphere it's like,
• 18:23
  oh, by popular demand.
• 18:25
  >> When the tickets are $1,000 and they
• 18:27
  sell out in the first few minutes,
• 18:28
  >> my guess
• 18:29
  >> they add dates.
• 18:30
  >> There'll be even more shows coming,
• 18:31
  >> right?
• 18:31
  >> Uh but they did add
• 18:33
  >> another six shows. So they started with
• 18:35
  eight, they're at 14. The next dates are
• 18:37
  really spread out. They they go into
• 18:39
  next year. Uh and it looks like the
• 18:42
  Metallica is going to take off for for a
• 18:44
  while. Yeah. Like uh November, December.
• 18:46
  >> Yeah. They probably spend that time with
• 18:47
  family.
• 18:48
  >> Yeah, makes sense.
• 18:49
  >> But uh yeah, they'll be here in the next
• 18:51
  year. So, we're we're just going to
• 18:54
  >> wait. My you know, we've had good luck
• 18:56
  waiting at the last second trying to buy
• 18:57
  resale tickets. I've seen several shows
• 19:00
  here where the demand's very high. The
• 19:02
  Eagles demand super high.
• 19:04
  >> Uh Denon Company demand was incredibly
• 19:07
  high,
• 19:07
  >> right? Fish demand was incredibly high,
• 19:09
  but they only had three shows and they
• 19:10
  didn't add any.
• 19:11
  >> So, don't use that. But, uh, Backstreet
• 19:13
  Boys and some of these other shows, the
• 19:15
  demand was high and and then it starts
• 19:17
  to Wayne to some level. Depends on the
• 19:20
  >> depends on the band,
• 19:21
  >> right?
• 19:21
  >> But typically,
• 19:23
  >> and and I've been in this situation
• 19:25
  myself, so I understand. But what ends
• 19:27
  up happening is people that have the
• 19:28
  tickets in the last hour or two, it's a
• 19:31
  hot potato and they start to panic and
• 19:34
  the prices start to come down.
• 19:35
  >> Yes. And if there isn't any demand at
• 19:38
  that time is when you can get some
• 19:40
  really good deals. I mean, we we went to
• 19:41
  the very first night of a dent company
• 19:43
  show for 100 bucks.
• 19:45
  >> Yeah.
• 19:46
  >> Cuz the demand dropped so much.
• 19:48
  >> Panic. Panic
• 19:50
  >> and then it just, you know, then the
• 19:51
  word got out and that didn't happen as
• 19:53
  much anymore. We just got tickets for
• 19:54
  this thing that we're going to tonight.
• 19:55
  We'll put we'll put some footage of
• 19:57
  this. We're going to record it tonight.
• 19:58
  We'll have it next week. But I always
• 20:00
  get the name wrong. I think it's illumin
• 20:02
  I kept on want to say luminarium but
• 20:04
  it's like
• 20:05
  >> no
• 20:05
  >> aluminum alum
• 20:07
  >> it's aluminum
• 20:08
  >> it's it's going to get it all wrong
• 20:10
  we're going uh we got these tickets
• 20:12
  together eight seats together for 125
• 20:14
  bucks
• 20:15
  >> crazy
• 20:15
  >> last second so we're pretty d doesn't
• 20:18
  want people to know that you can get
• 20:19
  tickets at the last second don't tell
• 20:20
  them our secret that's what we're here
• 20:22
  for people the secret all right
• 20:25
  >> fun
• 20:27
  this one day this could be us one Hey,
• 20:31
  $5 spin $17 $107,000 jackpot, thousand,
• 20:35
  not dollars.
• 20:36
  >> Yeah. Well, I'm happy when that
• 20:37
  happened.
• 20:37
  >> $1,000.
• 20:38
  >> That's how I started. I would I am
• 20:42
  >> It was on
• 20:42
  >> This happened over at the Sun Coast.
• 20:44
  >> It was on a dragon cash.
• 20:45
  >> Yeah.
• 20:46
  >> Our favorite
• 20:46
  >> dragon cash. $5 all the time.
• 20:48
  >> So, it's like going to be on the high
• 20:49
  limit.
• 20:50
  >> Must have been in the high limit. Yeah.
• 20:51
  Five.
• 20:51
  >> Five hour spend. $17,000
• 20:53
  grand jackpot hit on Saturday, February
• 20:56
  21st. Uh that person had no interest in
• 20:59
  having their name out there.
• 21:00
  >> No.
• 21:01
  >> So
• 21:01
  >> neither did the other guy that hit six
• 21:03
  jackpots in one day for 206,000.
• 21:05
  >> Yeah.
• 21:06
  >> We don't know how much he was playing
• 21:07
  though. He might have been
• 21:08
  >> he might have been stuck 400,000.
• 21:09
  >> Congratulations, John Doe or Sudo.
• 21:12
  >> Yeah, whoever it was,
• 21:13
  >> we're uh we're happy for you,
• 21:15
  >> right?
• 21:16
  >> That's that's pretty freaking awesome.
• 21:18
  We had
• 21:19
  >> in real time of recording this yesterday
• 21:22
  a ball come back
• 21:24
  >> for one spin. It was in there on the
• 21:26
  final.
• 21:26
  >> It was
• 21:27
  >> I was like, "Oh my god, it's there." And
• 21:28
  then it just like
• 21:32
  >> true.
• 21:32
  >> So, [music] $107,000 jackpot.
• 21:35
  >> Unfortunately, we don't have any footage
• 21:36
  of this.
• 21:36
  >> Oh, wish we did.
• 21:37
  >> Cuz it wasn't us and we weren't there.
• 21:39
  >> One day, though. One day.
• 21:41
  >> Now, uh on the theme of big wins,
• 21:45
  >> which I love.
• 21:46
  >> $275 parlay. I don't know that I would
• 21:48
  have the guts to make a $275 parlay.
• 21:50
  >> Not a 10 teamer. My my 10 team parlays
• 21:53
  are
• 21:53
  >> 10 $5 $10 sometimes.
• 21:55
  >> Yeah, that's about it though.
• 21:56
  >> I do five as well.
• 21:57
  >> It's just I know I'm
• 22:00
  >> practically throwing money away cuz
• 22:01
  they're so hard to hit.
• 22:03
  >> Mike, I don't know if this number is
• 22:05
  even right. It says that a 10 team
• 22:07
  parlay odds are one in a thousand. I
• 22:09
  don't even believe that.
• 22:11
  >> I believe it's like one in a million. 10
• 22:14
  teams is so hard.
• 22:15
  >> It really depends on the bet. So you
• 22:16
  could be like you could be taking a team
• 22:18
  that's like favored by 14.
• 22:19
  >> Right. Right. you know, and and just
• 22:21
  doing the money line, right?
• 22:22
  >> And if that's you're doing 10 of those
• 22:24
  bets,
• 22:24
  >> but if you're betting
• 22:26
  straight up games with point spreads or
• 22:30
  trying to beat the book in a sense, I
• 22:32
  >> mean, this paid 2,000 one, right?
• 22:35
  >> 10 of them.
• 22:35
  >> Something in that range. Am I doing the
• 22:37
  math right on that? At
• 22:38
  >> No, it paid way more than Yeah. 275 pays
• 22:41
  513,000. So, it's something like 2 It's
• 22:44
  It's not exactly that, but it's Yeah.
• 22:46
  Three zeros and
• 22:47
  >> Okay.
• 22:48
  >> Yeah. 20,000 to1. 2,000 to1.
• 22:50
  >> Yeah, that's pretty nice odds.
• 22:52
  >> It's pretty good odds.
• 22:53
  >> So,
• 22:54
  >> half a million dollars for picking who's
• 22:57
  going to win some sporting games.
• 22:58
  >> NBA and NHL teams cuz that's what's
• 23:00
  going on right now this time of year.
• 23:02
  >> And it was done on the William Hill app,
• 23:05
  mobile app. So, it was someone that was
• 23:06
  here physically. They signed up the
• 23:07
  Palms at some point.
• 23:09
  >> Uh, and then the Palms just reported
• 23:11
  this on February 27th. So,
• 23:12
  >> crazy.
• 23:13
  >> It's uh
• 23:14
  >> they said it's a local They said it was
• 23:16
  a local.
• 23:16
  >> Okay. Yeah.
• 23:17
  >> Well, congratulations to them. local
• 23:18
  sports better
• 23:21
  to be in
• 23:22
  >> Nevada, right? You can't be outside.
• 23:24
  Okay. I see.
• 23:25
  >> Or in this situation.
• 23:26
  >> Yeah.
• 23:26
  >> You got to like the Nevada app, you have
• 23:28
  to physically be and it checks your
• 23:30
  location,
• 23:31
  >> right? Right.
• 23:31
  >> Then there's some of these other apps or
• 23:33
  it's all state by state,
• 23:35
  >> right?
• 23:35
  >> So, and they all have different rules
• 23:37
  and different lines. So,
• 23:38
  >> crazy.
• 23:38
  >> All right. This next story here, I don't
• 23:41
  know how to take this. I don't like
• 23:42
  seeing stuff like this
• 23:44
  >> cuz we're big music fans. We have not
• 23:46
  been to either one of these festivals.
• 23:47
  We had contemplated going to both of
• 23:50
  them,
• 23:50
  >> right?
• 23:50
  >> Uh but and this is maybe why I'm
• 23:53
  thinking it's possible they decided to
• 23:54
  cancel
• 23:54
  >> because we didn't go.
• 23:55
  >> Well, I don't think it was because us I
• 23:58
  know I know you think that we have a lot
• 23:59
  of pull, but
• 24:01
  >> it was us.
• 24:01
  >> I they they end up having these at the
• 24:04
  worst time of the year,
• 24:05
  >> right?
• 24:05
  >> Uh like two or three of the last years
• 24:08
  have been cancelled completely because
• 24:10
  of wind.
• 24:11
  >> Like the wind rolls through this time of
• 24:12
  year, it gets really really windy. It's
• 24:14
  an outdoor venue. Yeah. And I don't
• 24:16
  quite understand having a festival like
• 24:18
  this in an outdoor venue in Las Vegas.
• 24:20
  Like I understand EDC where it's in a in
• 24:22
  a stadium like that,
• 24:24
  >> but even there like it can be it can be
• 24:25
  a problem. But
• 24:26
  >> it's typically in a time of year where
• 24:28
  there's less wind, but these these
• 24:29
  festivals
• 24:30
  >> have scheduled during a year time of the
• 24:32
  year where it's just notorious to be
• 24:35
  windy. That's the seasons are changing
• 24:37
  and they know that. I don't quite get
• 24:39
  it, but When We Were Young and Best
• 24:41
  Friends Forever have officially decided
• 24:43
  to skip
• 24:44
  >> 2026.
• 24:45
  >> They say it's a, you know, a one-year
• 24:48
  hangover and they'll be back in 2027,
• 24:51
  >> but that could just be a polite way of
• 24:53
  saying
• 24:53
  >> we might not come.
• 24:54
  >> Peace out.
• 24:55
  >> Yeah.
• 24:55
  >> Bye, Leticia.
• 24:56
  >> Right. Could be
• 24:57
  >> Felicia. Not Leticia. Felicia.
• 24:59
  >> Leticia. Felicia. Whatever.
• 25:01
  >> Is there any other things that end with
• 25:02
  an A?
• 25:05
  >> It's a bunch of them. So these are uh
• 25:07
  you know some punk emo festivals. Uh
• 25:10
  >> it's another festival, the punk rock
• 25:12
  bowling they're taking out.
• 25:13
  >> The when we were young festival was the
• 25:15
  one that we were really looking at going
• 25:16
  last year was My Chemical Romance,
• 25:18
  Fallout Boy, they remember uh Blink 82
• 25:22
  and Panic. That was the one that we
• 25:23
  really wanted to go before.
• 25:26
  >> Uh and again, we were like, "Okay, we're
• 25:27
  going to you'll go next year. No big
• 25:29
  deal. We'll go next."
• 25:29
  >> It was two days back to back. They
• 25:30
  canceled it because of the wind.
• 25:32
  >> Yeah.
• 25:32
  >> And it's in a weird spot in town.
• 25:34
  >> Yeah. Yeah,
• 25:34
  >> that's up in the parking lot like north
• 25:36
  of
• 25:38
  >> uh
• 25:39
  >> near Sahara.
• 25:39
  >> Resorts World like right right across
• 25:41
  from Resorts World, but no, not quite
• 25:42
  Sahara.
• 25:43
  >> It's like in that lot.
• 25:45
  >> It's south of Flamingo.
• 25:47
  >> Well, one of them is downtown.
• 25:48
  >> South of Fontinlau.
• 25:50
  >> One of them is
• 25:51
  >> that's the other one. But the one I'm
• 25:52
  talking about is like it's south of
• 25:53
  Fontinlau, but like north of the wind.
• 25:56
  >> The Best Friends Forever was downtown.
• 25:58
  Okay.
• 25:58
  >> And downtown Event Center is being
• 26:00
  converted into a parking lot is what
• 26:01
  they're doing with that. Okay. But
• 26:03
  there's also a venue that's right at
• 26:04
  Sahara and Las Vegas Boulevard um by
• 26:07
  kind of by Stratosphere across from that
• 26:09
  Dragon Casino and Sahara
• 26:12
  >> massive. Um they've had they've had
• 26:14
  multiple
• 26:16
  >> concerts venue of shows that it would be
• 26:21
  a horrible spot. It's all open. There's
• 26:22
  no protection from any buildings.
• 26:25
  >> It's just the wind would tear through
• 26:27
  there. It pisses the locals off that
• 26:28
  live right there, too, cuz they can hear
• 26:29
  it all and it's just loud and traffic,
• 26:32
  obnoxious,
• 26:32
  >> right?
• 26:33
  >> You know, festival goers kind of get
• 26:34
  obnoxious. I' I've been there. You know,
• 26:36
  I'm not a hypocrite.
• 26:37
  >> There's always a lot of drinking.
• 26:38
  >> Yeah.
• 26:39
  >> Um,
• 26:40
  >> again, October. I don't know why the
• 26:42
  date maybe they can move the dates
• 26:44
  >> maybe
• 26:44
  >> where it's less windy month or just do
• 26:46
  it in an indoor venue. You got T-Mobile.
• 26:48
  >> What's wrong with having a festival at
• 26:49
  T-Mobile? Maybe they just charge
• 26:51
  >> too much.
• 26:51
  >> Way more. I don't know.
• 26:52
  >> Oh, I'm sure it's way more expensive
• 26:53
  than a parking lot. It is multi-day,
• 26:55
  [clears throat] but you can do
• 26:55
  multi-day. Like there's been multi-day
• 26:57
  basketball tournaments and other things.
• 26:58
  You got uh Grand Garden Arena,
• 27:00
  Mandandalay Bay. He's done festivals
• 27:02
  like this, right?
• 27:02
  >> There's other venues in town. They're,
• 27:04
  you know, I don't know.
• 27:05
  >> I'm guessing that UNLV is
• 27:07
  >> probably open to some dates. I mean,
• 27:10
  they Samboy, all these stadiums around
• 27:13
  town that
• 27:14
  >> Yeah. do it in a non basketball season
• 27:17
  dates.
• 27:17
  >> Thomas and Mac
• 27:18
  >> or an away stand.
• 27:19
  >> They would probably love to have someone
• 27:20
  come there,
• 27:20
  >> I'm sure. All right, we just got a
• 27:22
  couple more stories left. We're saving a
• 27:24
  big one for last.
• 27:25
  >> This is This is near and dear to my
• 27:26
  heart.
• 27:27
  >> Cadence
• 27:27
  >> Cadence Crossing. It's the old Joker's
• 27:29
  Wild. I've told you before, I've talked
• 27:31
  about it on the channel. Uh used to go
• 27:33
  out there. Whenever I needed a hundred
• 27:34
  bucks, I'd go and play blackjack. During
• 27:37
  co they got rid of all their live
• 27:38
  blackjack tables. They put in some
• 27:41
  digital craps, bubble craps, things like
• 27:43
  that. Um but I used to love going out to
• 27:46
  Joker's Wild. Kind of a hole in the wall
• 27:48
  little spot. I could always pull a
• 27:50
  hundred out of that place. It was so
• 27:51
  weird. But they're redoing it. It's
• 27:53
  going to be really nice when they
• 27:54
  finish. Cadence is a massive home
• 27:57
  development.
• 27:58
  >> Yeah.
• 27:59
  >> Uh Mrs. Dion has sold multiple houses
• 28:01
  out there. People that love it out
• 28:03
  there. And you're near Lake Las Vegas
• 28:05
  and Lake Me National Park. Yeah.
• 28:07
  >> Um really pretty out there. And it's
• 28:09
  only 15 20 minutes
• 28:12
  20 minutes from the strip. All highway
• 28:14
  all the way out there. Um we go out
• 28:16
  there. It's near the Klondike where we
• 28:18
  go once a week and play. Uh but the old
• 28:21
  Joker's Wild on Boulder Highway, it's
• 28:24
  gonna be it's getting it's getting a
• 28:25
  revamp.
• 28:26
  >> That Boulder Highway strip has the best
• 28:27
  return to player.
• 28:28
  >> Yeah.
• 28:29
  >> In the state. This has been well
• 28:30
  published. Uh so
• 28:32
  >> it is a Void Gaming property if you
• 28:34
  didn't know that. Uh huge in town here
• 28:36
  obviously.
• 28:36
  >> Void stations continue to do well. We've
• 28:38
  reported that and past episodes. So they
• 28:41
  now set out this late March date which
• 28:44
  seems like we're we're pretty close.
• 28:45
  They haven't still haven't given an
• 28:47
  official date that I know of yet. Uh, so
• 28:50
  you know, within the next couple of
• 28:50
  weeks, they're just going to open
• 28:51
  without, I guess, without much fanfare
• 28:54
  and and planning. Maybe they're just
• 28:56
  >> maybe they're waiting for like the the
• 28:57
  tablecloths or something.
• 28:58
  >> I'm wondering what the dining options
• 28:59
  are going to be there that it says here
• 29:01
  is that they had a cafe. I wonder if
• 29:04
  they're going to add a couple of other
• 29:05
  restaurants or what. 450 slot machines.
• 29:09
  It's not bad. It's not bad selection.
• 29:11
  Um, it's supposed to just be a lot
• 29:14
  nicer. It really wasn't. as Joker's
• 29:16
  Wild. It wasn't one of the properties
• 29:18
  that a lot of people would go and check
• 29:19
  out. Just wasn't. It wasn't the cleanest
• 29:21
  place.
• 29:22
  >> Yeah.
• 29:22
  >> If they're going to give it a spruce up
• 29:24
  and make it look better for all the
• 29:25
  people who live in Cadence.
• 29:26
  >> Yeah.
• 29:27
  >> It's going to be a lot nicer.
• 29:28
  >> And the people in in Lake Las Vegas, I
• 29:29
  mean, those are a lot of people casino
• 29:31
  to them
• 29:32
  >> cuz the one in in Lake Las Vegas, I
• 29:34
  think, is still closed.
• 29:34
  >> It's closed for sure.
• 29:36
  >> Um, so it's starting with a 10,000 ft
• 29:38
  renovation, 450 slot machines. It's
• 29:41
  going to be beautiful, I think. Plus, as
• 29:42
  Drian said, the dining options and I
• 29:44
  think similar to Ellis Island, this is a
• 29:46
  multi-phase approach. [music] They got
• 29:48
  approved for 50,000 ft of gaming uh
• 29:52
  space, which is 5x what they're opening.
• 29:54
  >> They do not have a hotel as of now, but
• 29:56
  I believe that's
• 29:57
  >> they're talking about adding a hotel,
• 29:58
  >> larger casino for possibly a hotel. It's
• 30:00
  right right there. And
• 30:02
  >> yeah, it's right there in black and
• 30:05
  >> Yeah. All right. So, we'll maybe go out
• 30:06
  there when they open, get some foot.
• 30:08
  That's what we do nowadays, guys. We
• 30:09
  just drive around town, try to get
• 30:10
  footage for you guys. Yeah.
• 30:12
  >> So, all right, final story. This one
• 30:14
  might take a few minutes to get through.
• 30:15
  It's a big story.
• 30:16
  >> This is crazy to me. I knew nothing
• 30:18
  about this.
• 30:19
  >> I said this a couple weeks ago. I was
• 30:20
  like,
• 30:21
  >> I just didn't understand.
• 30:22
  >> There was one thing that I I would bet
• 30:23
  on would be that Nevada Casinos would
• 30:25
  not be happy about what's happening here
• 30:27
  because there was the the story that
• 30:28
  came out about how much prediction
• 30:30
  markets
• 30:31
  >> had in bets,
• 30:32
  >> right,
• 30:33
  >> for the big game, the big the big game.
• 30:36
  We're in the sports book right now
• 30:38
  >> at a station's casino
• 30:40
  >> and they're not happy about this.
• 30:41
  >> No.
• 30:43
  >> So, for those of you not aware of what's
• 30:45
  going on here, there's these things
• 30:47
  called prediction markets that's just
• 30:49
  become the the the official name for
• 30:52
  these types of apps that exist.
• 30:54
  >> Okay.
• 30:54
  >> And it's a loophole. And I believe that
• 30:57
  this was created during the UGI, the uh
• 31:01
  unlawful gaming internet enforcement
• 31:03
  act, if I remember correctly. And I I
• 31:04
  could be off on this part of the story,
• 31:06
  so forgive me if I am. But when that law
• 31:08
  [music] got passed
• 31:10
  and kind of destroyed our livelihood cuz
• 31:12
  we were in online poker at the time,
• 31:13
  [music] really really frustrating. It
• 31:15
  opened up some loopholes at the time to
• 31:18
  allow certain things that cuz it kind of
• 31:20
  explicitly had some carveouts,
• 31:21
  >> right?
• 31:22
  >> And it's just so interesting to me like
• 31:23
  how hypocritical this stuff is because
• 31:25
  the guy that championed the bills like
• 31:27
  gambling tears at the fabric of society
• 31:29
  and social mores and you know all this
• 31:32
  terrible stuff. But horse racing, that's
• 31:35
  okay. You know, my my state has that.
• 31:38
  Lotteryies, that's okay.
• 31:40
  >> Daily fantasy sports,
• 31:42
  >> that's okay. And and I think that this
• 31:44
  loophole in this prediction market thing
• 31:46
  got created in there where there was
• 31:47
  like some there wasn't explicit language
• 31:48
  to say, but prediction markets can be
• 31:50
  okay. But there was language in there
• 31:52
  that made it like, well, holy crap, if
• 31:54
  like we call a spade a club or a diamond
• 31:58
  a heart,
• 31:59
  >> it's okay.
• 32:00
  >> It's going to be okay. So here we here
• 32:01
  we can do it. And so what is not allowed
• 32:04
  is online sports betting. Now obviously
• 32:07
  certain states have allowed this
• 32:08
  throughout the country but up until that
• 32:10
  that point online sports betting was
• 32:12
  like completely forbidden right
• 32:13
  >> and it was that was the thing that they
• 32:15
  would go after the most. Online poker
• 32:16
  was kind of a secondary thing but they
• 32:19
  really didn't want online sports books.
• 32:22
  And with an like the definition of an
• 32:23
  online sports book is [music]
• 32:25
  a host company or person or whatever is
• 32:29
  taking action from all these people on
• 32:32
  all these different bets and you're
• 32:34
  betting that
• 32:36
  >> that
• 32:36
  >> that entity
• 32:37
  >> company or
• 32:37
  >> right? So you look behind us in the
• 32:38
  sports book here. It's kind of blurred
• 32:40
  out cuz we do
• 32:41
  >> um the the cinematic mode and we don't
• 32:43
  want to show the lines cuz they don't
• 32:44
  like that. But let's just say
• 32:46
  >> you know the there's an NFL line of like
• 32:48
  the Chargers by 5 12US 110. would never.
• 32:52
  >> You're making that bet against Station
• 32:53
  Casinos,
• 32:54
  >> right?
• 32:54
  >> That's that's who's [music] taking that
• 32:56
  bet. Well, with these prediction
• 32:57
  markets, it's Mike and Ryan making that
• 33:00
  bet against each other, and the platform
• 33:03
  that facilitates that takes a fee for
• 33:05
  the money that's transacting on [music]
• 33:07
  their platform, but they're not taking
• 33:09
  the bet. I'm making a bet against you.
• 33:11
  And the prediction markets, it's
• 33:13
  actually the most pure.
• 33:14
  >> So, you go on their site, you go on
• 33:16
  their site and you say, I want to bet
• 33:17
  the Chargers for 100. And then I go on
• 33:20
  the site and the Chargers are playing
• 33:21
  the Bears and I say, "Well, I want to
• 33:23
  bet the Bears for 100." So it links us
• 33:25
  together and then that site takes $10 or
• 33:28
  whatever.
• 33:29
  >> The way that it actually kind of works
• 33:30
  is like there's so much there's it's
• 33:32
  hard to think about it on a single like
• 33:34
  just I'm trying to make it the easiest.
• 33:36
  Let me just kind of There's like there's
• 33:37
  so much so much action similar to the
• 33:40
  sports books here in Nevada. Like as
• 33:41
  more money is coming on this team, the
• 33:43
  line starts to move. Well, the same
• 33:44
  thing happens on this platform. So I
• 33:46
  might have to bet $100, but you only
• 33:47
  have to bet 60. Okay.
• 33:49
  >> And then the winner gets the the 160.
• 33:51
  >> Okay.
• 33:52
  >> Because you're you're betting the
• 33:54
  underdog and I'm getting the favor.
• 33:55
  >> Yeah. But if it's a sport that has lines
• 33:57
  like that that don't move like that. If
• 34:00
  it's just a straight bet or if you're
• 34:02
  betting the amount of money, the line
• 34:04
  might stay the same, but the amount of
• 34:06
  money the amount of money would move
• 34:07
  based on how many people are happening
• 34:09
  over here. And it's all in real time.
• 34:11
  And there's so many bets happening
• 34:12
  >> and that company doesn't pay out any of
• 34:14
  the money.
• 34:15
  >> That company just holds it. It's your
• 34:16
  money and my money
• 34:17
  >> from a technical standpoint,
• 34:18
  >> right? They hold on to it and then they
• 34:20
  just give it back.
• 34:21
  >> You have a a wallet with that,
• 34:22
  >> right? Minus the fee.
• 34:23
  >> Minus the fee.
• 34:24
  >> I get it. That's crazy.
• 34:26
  >> Yeah. And so,
• 34:27
  >> absolutely crazy.
• 34:27
  >> And it's not not just sports, but you
• 34:30
  can bet on an election. Who's going to
• 34:32
  win a election? Is it going to be
• 34:33
  Trumper uh Kamla? Is it going to be,
• 34:36
  >> you know, there's there's now it's
• 34:38
  getting to be election season now for
• 34:40
  senators, right?
• 34:40
  >> So, who's going to win that Senate race
• 34:42
  in Texas? But back to win that house
• 34:44
  race in the district 51 in California.
• 34:46
  You know, whatever it might be. It might
• 34:47
  be
• 34:47
  >> back in the day when I had a bookie
• 34:50
  >> long time ago.
• 34:52
  >> He took all the action.
• 34:53
  >> Right
• 34:54
  >> now he doesn't have any responsibility
• 34:56
  for having a bankroll to cover all that
• 34:58
  action. That's right.
• 34:59
  >> He just takes a cut. That's an insane
• 35:01
  way to
• 35:02
  >> That's a great business.
• 35:03
  >> Loophole the system.
• 35:04
  >> So Koshi, which is the biggest of the
• 35:06
  production market players right now, got
• 35:08
  some paperwork from the Nevada Gaming
• 35:09
  Control Board.
• 35:10
  >> Said we don't like you. We don't like
• 35:11
  you here. lawsuit filed February 18th
• 35:14
  and Nevada's arguing that couch sports
• 35:16
  event contracts constitute unlicensed
• 35:20
  wagering under state law which you know
• 35:22
  I would argue that too.
• 35:23
  >> I would too if they were taking all the
• 35:24
  money out of my
• 35:25
  >> pocket. I think they're going to I think
• 35:26
  they're going to be going on an uphill
• 35:28
  battle because again I believe and I
• 35:31
  this part I didn't of further research
• 35:33
  but I just going from uh memory that
• 35:36
  this carveout was made on this other
• 35:37
  federal law which is going to be like
• 35:39
  over top and and these guys were smart
• 35:41
  enough they're not going to go do all
• 35:42
  this without realizing and knowing that
• 35:44
  they aren't violating any laws.
• 35:46
  >> Well, they might actually just be doing
• 35:47
  it to try to get them to stop until
• 35:49
  there's an outcome and then they just
• 35:51
  drag it out for years and years.
• 35:52
  >> So that's called an injunction. That's
• 35:54
  what they're seeking right now. Right.
• 35:55
  >> I I don't I'm going to predict and I
• 35:57
  wonder if this is on the markets right
• 35:58
  now. I can
• 36:00
  >> I'm going to predict that they're not
• 36:01
  going to get the injunction.
• 36:02
  >> Maybe we can go on calcium and I'm
• 36:04
  saying I bet you I would bet you
• 36:06
  >> that we can bet it.
• 36:07
  >> We could do that. So that that's my
• 36:09
  guess. There's also another state uh I
• 36:11
  believe was Massachusetts. Let me just
• 36:12
  double check that here.
• 36:14
  >> Um that's in here somewhere. I'll let
• 36:16
  you read while I'm talking. But uh yeah,
• 36:18
  Massachusetts separately Massachusetts
• 36:19
  judge. They did issue an injunction
• 36:21
  against Cali on February 5th uh to take
• 36:24
  effect in 30 days, but they appealed it
• 36:27
  and uh and then they just they they held
• 36:29
  off the injunction until the appeals
• 36:31
  done. So no actual injunction. Um but
• 36:34
  the the complaints that Nevada is
• 36:37
  asserting is that there's no gaming
• 36:38
  license in Nevada. There's no physical
• 36:40
  location in Nevada. Pays uh no gaming
• 36:43
  taxes. That's the biggest thing
• 36:44
  obviously allows people under 21
• 36:47
  >> to make the bets cuz in certain
• 36:49
  jurisdictions you can do that
• 36:50
  >> and then there's no safeguards which may
• 36:53
  or may not be true. So
• 36:54
  >> I don't know I think that there's going
• 36:56
  to be some turbulence here again I
• 36:58
  predicted aha that this would happen.
• 37:00
  Yeah,
• 37:00
  >> cuz I just whenever this is the exact
• 37:03
  same thing that happened with the UIA
• 37:06
  >> even though these other companies that
• 37:08
  were operating
• 37:09
  >> in a legal jurisdiction in the Caribbean
• 37:12
  or in Iowa man or in India as a for
• 37:16
  instance or Israel
• 37:17
  >> um and we they were abiding by all the
• 37:19
  rules of the WTO the World Trade
• 37:21
  Organization
• 37:22
  >> the United States government really just
• 37:24
  had a bug up there because they weren't
• 37:25
  collecting taxes on it. Yes, they want
• 37:27
  their money.
• 37:27
  >> I didn't even know that they and it was
• 37:28
  the it was the first time that uh the
• 37:31
  World Trade Organization had ruled
• 37:33
  against the United States and the United
• 37:34
  States given the middle finger and said,
• 37:35
  "We don't care." Got
• 37:36
  >> like screw your ruling. Gotcha.
• 37:38
  >> Because they weren't collecting taxes.
• 37:39
  And it's really what it all comes down
• 37:40
  to.
• 37:41
  >> Nevada's not happy that they aren't
• 37:42
  collecting taxes. Obviously, like
• 37:44
  they're friendly to the casino operators
• 37:45
  because the casino operators are paying
• 37:46
  all these taxes.
• 37:47
  >> Yeah.
• 37:48
  >> Then there's all the other incillary
• 37:50
  taxes that happen because there's
• 37:52
  employees that also pay payroll taxes
• 37:54
  [music] and
• 37:54
  >> it's massive, you know, and then
• 37:57
  So, it's like this big halo effect that
• 37:59
  happens when people when a subset of
• 38:01
  taxes gets taken away
• 38:03
  >> and they're not happy. So, we'll see how
• 38:05
  this progresses,
• 38:07
  >> right?
• 38:07
  >> Obviously, if Nevada or Massachusetts
• 38:09
  ends up winning, this could have some
• 38:11
  big fallout from the rest of the
• 38:12
  country.
• 38:13
  >> Big fallout.
• 38:14
  >> And conversely, if Cali ends up winning,
• 38:18
  >> then this isn't going anywhere.
• 38:20
  >> And this is going to be a problem for
• 38:21
  the sports books and
• 38:22
  >> Yeah. and the numbers the the bottom
• 38:24
  line of the numbers that they make every
• 38:26
  year.
• 38:26
  >> Um I have not installed this app or the
• 38:29
  other ones on my phone.
• 38:29
  >> I don't need it.
• 38:30
  >> I I know better. I already have uh
• 38:32
  Stations and MGM Sports Book app on my
• 38:34
  phone. That's enough.
• 38:35
  >> I don't bet enough sports for it to be a
• 38:36
  problem,
• 38:37
  >> you know, and I want to make sure I get
• 38:38
  those valuable player points
• 38:39
  >> right
• 38:40
  >> when I'm betting on sports.
• 38:41
  >> That's right.
• 38:41
  >> So, you know, Cal,
• 38:43
  >> one day we'll get a dinner comp.
• 38:44
  >> Calcia doesn't let me get to the level
• 38:46
  to get free parking right
• 38:48
  >> at MGM properties, which is very, very
• 38:50
  important to me.
• 38:50
  >> It is. That's a lot of money. Parking is
• 38:53
  expensive.
• 38:53
  >> Supposedly, our car is now first up in
• 38:55
  valet.
• 38:55
  >> Oh, wow.
• 38:56
  >> So,
• 38:56
  >> Oh, that's nice.
• 38:57
  >> I'm going to wait less time than you cuz
• 38:58
  you bet on cow sheet for my car.
• 39:00
  >> That's right.
• 39:01
  >> All right, that pretty much wraps it up
• 39:02
  for this week. Miss DJ, any other she's
• 39:04
  got that. That's it.
• 39:05
  >> Like, that's enough. You guys have
• 39:06
  talked enough.
• 39:08
  >> She's like,
• 39:10
  >> we will we will uh be checking out the
• 39:12
  karaoke place at Ellis when they finish
• 39:14
  that up.
• 39:14
  >> Can't wait.
• 39:14
  >> We'll let you guys know DJ night there.
• 39:18
  We've been kind of hinted that that
• 39:19
  could happen as we mentioned.
• 39:21
  >> Please drop your comments in the couple
• 39:22
  weeks.
• 39:23
  >> Drop your comments for us below. There's
• 39:25
  anything you want to know about that's
• 39:26
  happening in Vegas or that you've heard
• 39:28
  might be happening in Vegas,
• 39:30
  >> we're trying to all those in. And we
• 39:31
  appreciate all the positive feedback.
• 39:32
  We've been getting a lot of positive
• 39:34
  feedback about the new show. So whether
• 39:36
  you're riding in your car, watching the
• 39:38
  home while you're doing some laundry,
• 39:39
  >> Yeah.
• 39:40
  >> or uh you know, out on a walk or
• 39:42
  whatever it might be, we appreciate you
• 39:43
  listening. Don't forget to hit like and
• 39:44
  subscribe.
• 39:44
  >> Go Metallica.
• 39:45
  >> Oh yeah, Metallica. Go, go prices down,
• 39:48
  Metallica. See y'all next week,
• 39:50
  everybody.
• 39:50
  >> See you guys.