Vegas’ Crazy New Casino Proposal, Beating Roulette, Casino Comp Accounting & Shame on Strat!

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Episode Description

A crazy new project has been proposed for the Historic Westside of Las #Vegas. At 670 feet tall the proposed Harlem Nights hotel, casino and residences would be 60 stories taller than zoning allows and cost $700 million. With just 2 acres of land could this project ever really be built and would it even be viable?

In other #news we look at some of the most prevalent casino carpet myths and discuss the evolution of casino carpets. We also discuss how to get in line for U2 Sphere tickets, where casinos make their biggest profits and how they account for comps, #Strat finally beginning to charge for parking and the historic Huntridge Theater sign is lit up once again.

Produced & Edited by: Shawn Coomer

0:00 Historic Huntridge Theater sign lit up again
1:20 How to get in line for the MSG Sphere U2 residency
2:40 The myths behind casino carpet design
4:51 Strat finally starts charging for parking despite many recent denials
5:55 Which Strip resorts still have free parking?
6:51 The gambler who beat Roulette
8:08 How they have changed roulette wheels to adapt
10:40 Where do Vegas casinos make their most money & how restaurant comps are often inflated
12:10 How some Vegas restaurants rely almost entirely on comps
13:41 Crazy new Harlem Nights project proposed for Historic Westside Las Vegas
15:09 Does Harlem Nights have any chance of being approved?

Relevant Links:

Huntridge Sign – https://twitter.com/CityOfLasVegas/status/1644569006270210050?s=20
U2 Sphere Verified Fan – http://verifiedfan.livenation.com/u2
Sphere Update – https://twitter.com/Vegasconfesspod/status/1644373560226643969?s=20
Casino carpet myths – https://www.casino.org/news/vegas-myths-busted-casino-carpets-are-designed-to-trick-you-into-gambling-more/
Beating Roulette – https://www.bloomberg.com/features/2023-how-to-beat-roulette-gambler-figures-it-out/
Strat parking rates – https://twitter.com/JacobsVegasLife/status/1644462382490738688?s=20
Casino margins -https://www.lasvegasadvisor.com/question/casino-profit-margins/
Harlem Nights project – https://www.reviewjournal.com/business/casinos-gaming/historic-westside-may-see-harlem-themed-60-story-resort-2757379/

Social Media
Facebook Group – https://www.facebook.com/groups/milestomemories
Twitter – https://www.twitter.com/milestomemories
Podcast – http://mtmpodcast.com​​​​​​​​​​
Website – http://www.milestomemories.com​​​​​​​​​​
Host – Shawn Coomer – @MtM_Vegas
Host – Mark Ostermann – @DetroitMark

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Source: YouTube

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Vegas’ Crazy New Casino Proposal, Beating Roulette, Casino Comp Accounting & Shame on Strat!

10 thoughts on “Vegas’ Crazy New Casino Proposal, Beating Roulette, Casino Comp Accounting & Shame on Strat!

  1. Learn to travel for "free" utilizing the best credit card welcome offers. Travel to Vegas and anywhere else! Check out this free tool that we highly recommend.

    Travel Freely – https://milestomemories.com/go/travel-freely-youtube/

  2. If you went to LV in the late 90s and early 2ks you are pretty disappointed in LV now. And everything else for that matter lol

  3. when talking about gauging outcomes on the roulette wheel u have to mention the location and configuration of the numbers…. its not structured evenly the the numbers layout on the wheel…. the dozens + columns are different configurations …. they are not grouped the same…. from one vs the other…. and knowing THAT… can help towards a players advantage…… let the house have its extra zeros…which is a joke, they just need better compitent dealers that understand better the concepts of inconsistent spins….. BUT…. casino floor people are uneducated stupid guys and have no knowledge or common sense perspectives to understand. .. this like they did in the real days of gambling… the ..50's.. 60's.. 70's…… and early 80's…

  4. FYI, The state assembly is going on in Carson City and attempts to make a NV state lottery (and join Super Lotto) are running into casino-side interests. (AKA obstructions). Go figure.

  5. Nobody is parking at strat to walk to the arts district. Even those of us that can, there are closer and cheaper, even if you're not friends w a local business owner

  6. Any chance that all he wanted was a 10 story building and he put in this proposal just so they would approve what he really wanted afterwards cuz it would seem so much less ridiculous?

  7. When I worked in auditing in the early 2000’s at a Strip casino, the percentage of high end restaurant comps was usually on the lower end, maybe 10% of total sales. The poker players used to get $15 – $25 comp vouchers, which they usually used at the Buffet or the quick serve food outlet by the Sports Book. Used to be the biggest restaurant bills were for conventioneers that would write the cost off on their business expense reports, with a lot of money spent on booze 🍸.

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