Episode # 75 Do You Want to Buy a Las Vegas Casino?

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1. Rumor has it that Penn National operators of the Tropicana are quietly seeking buy offers. M-Life has sold Circus-Circus to Phil Ruffin who has a Net Worth of 2.91 Billion. 

Golden Entertainment recently purchased the Stratosphere, rebranded it The Strat and put 90 million dollars into upgrades inside and outside of the property. Eldorado Resorts merged with Caesar’s Entertainment in a cash and stock deal worth about 17.3 billion dollars. They also made the assumption of Caesar’s debt. The Rio has also been sold.  How much does it cost to buy a Strip casino. Prices begin at 850 million and into the billions of dollars.  The Las Vegas Strip continues to reinvent itself so it seemingly never gets old. It’s continual change and growth is an amazing story for certain.

2. A West Coast caller asks if Coach Fav bets with progressive strategies or regressive strategies. A great question. As a general rule, gamblers should bet more when ahead and less when behind.  To do otherwise is called, “chasing loses” and can be dangerous. Yet occasionally chasing loses works. In craps, I often make my largest bets first as soon as I get my chips and get into the game. I do this for comp power. Then I regress as my play continues because the average length of a shooters roll is only 8 throws of the dice. Just 8! Coach Fav goes on to explain in detail how to press and parlay and when to go off.

 

3. Sports Betting Apps are addictive for most college and NFL football fans.  Here’s how we have been doing.

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