Good Bye Circus Circus

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Man I'd love to invest in diving... chips in lakes chips in oceans....probably ruined but still awesome nostalgia
I was actually in spinettis talking about chips when the manager told the story. He said there are some really rare chips that divers have found that turned out to be worth something. On the other hand that lake isn't small so you may need some spare tanks :)
 

FordPickup92

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I was actually in spinettis talking about chips when the manager told the story. He said there are some really rare chips that divers have found that turned out to be worth something. On the other hand that lake isn't small so you may need some spare tanks :)
No way that's cool!! Theres hope! :ROFL: :ROFLMAO:
 

Poker Zombie

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Man I'd love to invest in diving... chips in lakes chips in oceans....probably ruined but still awesome nostalgia
At the rate that Lake Mead is shrinking, you may be able to skip the scuba tanks and just invest in a good pair of walking shoes.

Top Lake Mead marina in 2007
Bottom Lake Mead in 2014.
Screenshot 2019-10-17 10.24.32.png


The 470 slip marina which was built in the 1960s was moved in 2008 when they had to accept that climate change meant the water wasn't coming back.
 

FordPickup92

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At the rate that Lake Mead is shrinking, you may be able to skip the scuba tanks and just invest in a good pair of walking shoes.

Top Lake Mead marina in 2007
Bottom Lake Mead in 2014.
View attachment 354060

The 470 slip marina which was built in the 1960s was moved in 2008 when they had to accept that climate change meant the water wasn't coming back.
Oh my gosh that's so sad!! SMFH when people say global warming isnt a thing
 

Poker Zombie

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In 2014 Las Vegas implemented some severe water restrictions that has helped since then, but there is still a problem between Vegas growth and extended droughts.

If you see an uptick since 2014, it's probablly the restrictions.
 

FordPickup92

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I learned today that the CEO of MGM Resorts International has also said that sales (with leaseback, like the Bellagio deal) of the MGM Grand, Aria and Vdara are also possible.
Oh no.... does that mean they will be gone forever or just leased by someone else and remain a casino?
 

Poker Zombie

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MGM would continue to lease the property, and retain the names.

The amount they got for the Bellagio was ~17.5x the annual lease.

That is to say the amount they pay in the lease it would take 17.5 years for the buyer to break even. Now, MGM Grand wouldn't own the real estate, which has value in of itself. The move is primarily because they barely survived the last recession, and the board strongly feels another one is imminent. They also want cash, so Japan will select them as one of 3 casino operators that their legislature approved recently.

They also want the capital to lock in some sports betting operations in the US, which has been finally legalized nationwide, provided the individual states allow it.
 
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