Las #Vegas #Sands shocked many with the announcement that they may be selling their Las Vegas operations completely. They want about $6 billion for the Strip megaresorts, but who has that kind of money right now? The company wants to focus on Singapore and Macau, markets which comprise the vast majority of their revenue.
We also got word that #Caesars Entertainment is reopening their last property on the Las Vegas Strip with a catch! The #Cromwell is reopening on October 29, 2020 as an adults only casino. They also are advertising better odds on many games as well. We’ll break it all down for you!
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00:00 The Cromwell is reopening as an adults only hotel/casino.
02:30 Cromwell will have better odds for players. Single “0” roulette, 100X odds on craps, etc.
04:30 How casinos are making themselves unique again.
05:24 Mark trying to “sneak” into the Nobu Tower for his upcoming trip.
06:30 Las Vegas Sands (Venetian/Palazzo) possibly pulling out of Vegas.
07:55 Who would buy them and are they worth $6 billion.
11:00 Could this be a land purchase and leaseback?
12:20 Sheldon Adelson was a visionary in Macau.
14:05 No one is buying Vegas properties right now.
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Host – Shawn Coomer – @MtM_Vegas
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25 comments
Coomer! Keep up the great work!
Wait… lemme just get my check
Pay to: the moon
Smart move for Sands to focus solely on Macau / Asian gambling market
Well stated, Mark. It is a”Nothingburger.” (adults only) I go waaaaaay back and remember the Cromwell fondly and Bill’s Whiskey bar before that and Barbary Coast. Good luck to the Cromwell and enjoy your stay.
You should do a weekly podcast instead of this.
Great video, glad to see an all adult casino on/near the strip.
I love the Venetian hotel ( especially the ceilings) but always lose in the casino!! 🇬🇧
addilson probably wants to focus on china so he can treat his employees like slaves. the dude is a greedy asshole.
theyre bailing out of US market before the next recession hits lol GG Sands
Sheldon Adelson leaving Las Vegas because Nevada and Las Vegas is turning into California socialist democrat $hit hole, a blue state.
liked and shared
Im all for the adults only casino/hotels, if u dont have anything in there for young ppl, like NYNY, Orleans, of course Circus Circus etc, like arcades movie theatres, bowling. Those kinds of places are more family oriented. When we would take our kids we considered that a family vacation so we stayed at those places and took them to see shows and knew we were not going to be gambling.
Wow so nice to actually see you…
I’ve only been subscribing since August…( but I love your channel so I’m not going anywhere!)
Your so lucky staying at all these wonderful places…..
Can’t wait for the circa video….and I’m hoping your going to do a big thing on the Virgin hotel when it opens…..
I love the Venetian and the gondola’s…….it’s one of my favourites…
Whoever buys it will get a gem……
Rigged for the wealthy crony capitalism with its frequent and more and more severe crashes on average of every 4 to 7 years has wiped out everyone except the top 20% that continue to get bailed out coupled with global viral pandemic lockdown has decimated the working class and devastated Las Vegas! If 80% of the population can no longer make any real money to get ahead then they sure as hell cant spend enough to keep the economy from collapsing in on its phony top heavy self! Vegas will recover when the working class has the ability to thrive again, not just get by or worse. Until then you better strap yourselves in for a bumpy ride, Vegas put too many of its precious eggs into the high roller basket and now it is paying the price as it tries to get more of the working class to come back and spend a little money. Dont get me started on Resort Fees and paying to park so out of touch.
Great video you two. I especially appreciated hearing Mark talk all about Cromwell's better player odds on various games since I'll be at Harrah's in two weeks time.
As for Shawn's high dollar financial buyouts, well that's beyond my pay grade so I have no opinion.
Keep up the good work you two.
See you later,
Steve
You think any other Casinos go adult only? I love that TWA Vegas poster you have….👍🏻
I go to a convention every year at the Wynn, but I prefer the rooms at Palazzo.
I’ll take it. Let me swipe my EBT card
The host knows his stuff…. the guy being interviewed has gotta step his game up
You don’t sell when the market is slow, if you do you have to sell cheap and take a huge loss. Panic sales are bad, you buy when the market is slow, because it will be cheap. The economy will get better, it will bounce back. People forget that in 2019 many economists were saying another downturn was coming, even without COVID it was going to happen.
We shared this for you on VegasOnAir . com
Thanks Guys! Interesting information. CAB 🙂
As a Blue State liberal, I resolved never to spend a dime in any property owned by the Trump-loving Sheldon Adelson. This pained me greatly as the Grand Canal Shoppes and restaurants always looked very inviting. So, looking forward to seeing who buys these properties. Who knows, I may be staying at the Venetian next time I am in town!
When I lived in Vegas years ago, I was rare to see kids in a casino and when you did, they couldn’t be near the gambling areas. It is an adult playground and should be kept that way.
Love listening to your vids while I'm working. It really helps pass the time 👍👍