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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