Record Earnings, Cosmopolitan Las Vegas Review (Did MGM Ruin It), 50 Foot Showgirls & More!



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Episode Description

My wife and I recently completed a stay at #Cosmopolitan of Las #Vegas to see if the hotel holds up after being sold to MGM Resorts. We’ll talk why Cosmo has the best rooms in Vegas, some of the unique aspects of staying there and whether or not anything has changed under the new ownership. Is Cosmo still Cosmo?

In other #news we learned that Vegas casinos have reported record earnings for the 2nd quarter. MGM, Caesars and Wynn all reported very strong earnings with MGM setting record numbers. We also discuss new 50 foot showgirls coming to town, a Top Golf competitor, why the current Bellagio display is the best, $35 Korean BBQ on the Strip & how a local restaurant owner is going to jail for not reporting sales.

Produced & Edited by: Shawn Coomer

0:00 Panorama of Las Vegas in 1955
1:15 Wynn, Caesars & MGM report record earnings for 2nd quarter
4:07 How much money MGM Resorts made off Cosmo in their first 6 weeks of owning it
6:18 Cosmopolitan review & why their rooms are the best in Vegas
8:18 Has MGM ruined the Cosmo experience & connecting their properties
10:35 Harmon Tower mall construction update – Crystals 2.0
11:43 New 50 foot showgirl statues coming to Las Vegas
12:55 Atomic Golf (Top Golf competitor) coming to the North Strip
13:31 Gem Korean BBQ – Affordable, tasty and fun on the Strip
15:55 D announces a 24/7 Bacon themed restaurant – Bacon Nation
17:00 Vegas restaurant owner going to jail for underreporting $5.1 million in sales
18:30 Alice in Wonderland popup event coming to Las Vegas
20:42 Bellagio’s current Conservatory display may be their best yet

Relevant Links:

Vegas in 1955 – https://twitter.com/LasVegasLocally/status/1556560289721569280?s=20&t=TIrz6vbwBNJ6VKO_i02-nA
Earnings – https://investor.caesars.com/news-releases/news-release-details/caesars-entertainment-inc-reports-second-quarter-2022-results
Earnings – https://investors.mgmresorts.com/investors/news-releases/press-release-details/2022/MGM-RESORTS-INTERNATIONAL-REPORTS-SECOND-QUARTER-2022-FINANCIAL-AND-OPERATING-RESULTS/default.aspx
Earnings – https://wynnresortslimited.gcs-web.com/news-releases/news-release-details/wynn-resorts-limited-reports-second-quarter-2022-results?field_nir_news_date_value[min]=
New showgirls – https://www.fox5vegas.com/2022/08/02/city-las-vegas-add-50-foot-showgirls-gateway-near-downtown/?fbclid=IwAR0ibPhrSTznRtLL-j5CV7JOMNRjiah3U-Xlc57rK6PmSdV1MjpKGvUI3TQ
Atomic golf – https://www.fox5vegas.com/2022/08/09/construction-begins-atomic-range-golf-entertainment-experience-las-vegas-strip/?fbclid=IwAR1iRj14fM3YyESGMXGqD1xT50kDzs9yOS9FUkN9KsLX6LKxvECdO5UPL34#l6miitumu4sd35tw4rg
Bacon Nation – https://www.thed.com/bars-dining/dining/bacon-nation/
Casa Don Juan – https://news3lv.com/news/local/las-vegas-restaurant-owner-pleads-guilty-to-tax-evasion-casa-don-juan-irs-us-attorney-nevada-court-raul-gil
Alice popup – https://www.thestreet.com/investing/las-vegas-newest-attraction-goes-down-the-rabbit-hole

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Podcast – http://mtmpodcast.com​​​​​​​​​​
Website – http://www.milestomemories.com​​​​​​​​​​
Host – Shawn Coomer – @MtM_Vegas
Host – Mark Ostermann – @DetroitMark

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40 thoughts on “Record Earnings, Cosmopolitan Las Vegas Review (Did MGM Ruin It), 50 Foot Showgirls & More!”

  1. Hi Guys. You could see the Bellagio conservatory dining area in your video right beside the lion on the Sadelle's side of the room. I really enjoy your news content, photos, videos and humour. Keep up the great job.

    Reply
  2. Question fir you fellas. I saw the crazy flooding that happened again on the 11th. How do this new tunnel tunnel system hold up during them? Seems that it could be really dangerous if your down there during one of these events.

    Reply
  3. Lots of stupid going to Vegas. Let’s see what happens next year summer. My prediction is nubies will only be the ones who return because they don’t know any better!!!

    Reply
  4. A long time Vegas goer, went in May and it was the worst trip ever. Service is garbage and the prices for everything are out of touch with reality. Can’t see myself going back any time soon. Was so excited after a few years of not travelling but it was terrible.

    Reply
  5. It's admirable the way that you are so well aware of what's going on at the Strip and beyond. By any chance, do you have an informant who lets you know in California what's going on in Vegas in any given moment? (Just kidding).

    I think you know more about the periodic changes taking place in casinos than their owners themselves. Good video. Congrats!

    Reply
  6. Yes, normally I wouldn't call $35 for all-you-can-eat K BBQ a "deal"…..
    However, considering what food court at the Resort World are charging, $50 should be still considered as "steal"…..

    Reply
  7. To provide some perspective (not to boast honestly…) on a couple of lowerish rollers like us who come to LV 10-12 times a year and stay, eat almost exclusively at MGM props. Platinum status. Poker, slots, craps and ultimate Texas hold em players. We are comped almost every single night (always on long weekends) we stay and are given $100 in FP and $100 food and bevy credit. Bottom line for us is MGM's program is way more lucrative for us in 21/22 and they've made it easier for us to come down almost monthly. Now, get your sheet together MGM and roll Cosmo into your card/comps. program already. It's time.

    You guys are rad. Keep up e great work.

    Reply
  8. Hi Guys
    Loved the video. I walked behind that mall on my way to Planet 13. That was a hike. But of course well worth it. We had a cab driver tell us he drives people straight to there from the airport, before even going to their hotel. LOL. 👍👍

    Reply
  9. I really enjoy gambling. My wife and I first went to Las Vegas in 1969. Eventually I went so much I went on gambling junkets (invited trips paid by the casino based on amount of game play), then we bought a condo, left a car there, and owned it for four years. We sold the condo in 1995 due to increased gang activity, casino gambling in other states, and the declining quality of casino attractions, services and the increase in prices. I was last in Vegas in 1995. With things today like $8.00 cups of coffee and other extremely high prices, we would never go back. Vegas became a gold plated đź’© pile,

    Reply
  10. I think this man who you showed trying to escalate the descending escalator did something reckless, irresponsible and even dangerous. He could have caused a collision with someone else trying to go down. For this reason, and others, he should have been interrogated by the casino security personnel and by the officers of LVPD. If this is not
    shear jaywalking in a private setting, then, we need to redefine what jaywalking means.

    Reply
  11. From Kalamazoo, just down I-94 from you, Mark. As always, your straight-ahead, informative conversation is so enjoyable. Those earning reports by the casinos are essentially them saying, “Well, paid parking, jacked-up room rates, the great amenities we provide through resort fees and our fewer/smaller gambling payouts are making us even richer.” (The fancy-suit-wearing executives pause for high-fives, excessive laughter and lighting up their cigars … then they continue. “Let’s keep screwing people because they keep coming back.”
    Anyhow, good work, as always, gentleman.

    Reply
  12. We talk about how you spend three times as much money for a less experience but nobody talks about the inflation and how your money is getting you less. People act like it’s something new but don’t even understand the economics of the country they live in. Yes that’s exactly what’s happening you pay more for less. It’s called inflation.

    Reply
  13. I agree with Mark! Why would I pay more at a restaurant to cook my own food? Usually restaurants pay people to cook. They call those people Line Cooks.

    Reply

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