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A closer look at the competition between MGM Resorts International and Caesars Entertainment for supramecy on the Las Vegas Strip. Just two operating companies control a large part of the Casino business in the gambling capital. This video dives into the mergers, acquisitions, and high-stakes business gambles that led to today’s fascinating situation. It presents an outlook on how the real estate business in Las Vegas is changing today.
Images via Getty, AP Newsroom
Map source by MapTiler / OpenStreetMap Contributors via Geolayers 3
source
Every time I hear someone refer to casinos as a "gaming company" it erks me. Just call it what it is "Gambling", "Life Destroying" or "Exploiting the elderly" company 😒
Born and raised in vegas. The only interesting part of it is the strip. Everything else is just ghetto. Minus like blue diamond , summerlin, the hills. East side tho lmaoooo ghetto
Literally why the hell are leveraged buyouts a thing? Plunging the purchased company into crippling debt, and more often than not having it buckle and everyone employed by the company losing, all because some shitty rich kids didn’t have enough money for their vanity purchase.
thought i was seeing new vegas
I'm sorry but your heavy accent and slight lisp make the video unwatchable.
vegas might be the ugliest city ever built by mankind
Bailey vs Bally
MGM all day
Discussing city
About a year ago, I was super drunk in Vegas trying to get back to my hotel and I kept walking around in circles because I kept seeing MGM on everything and thinking I was still all the way back at the actual MGM Grand hotel. I'm actually very familiar with where everything is on the strip and I don't get confused or disoriented if I'm not extremely drunk. But I was, so it was hopeless. I had to literally just sober up enough to realize the MGM logos were on other casinos, I'm not all the way back at the MGM Grand.
Night~ City!!!
Leveraged buyouts are the business equivalent of that bit in horror movies where someone says – "Let's split up, we'll cover more ground".
You just know everything is about get very. very bad. . . . . . .
War never changes. The battle for the Mojave strip raged on. Caesar’s Entertainment and The MGM continued to skirmish in the ruins of New Vegas, taking no prisoners. Only a courier, with luck 10, shot in the head by some junkie in Fremont, could bring change…
I love the artstyle the overhead view looks superb!!
I can summon this video up in two seconds
The democRats are in control and have won video over
Not sure where this dude narrating is from. But in the USA it’s pronounced Ballys. Not baileys hahahaha. Cheers 🍻
Crazy how the Mafia brought it to this point, they used dirty tactics to run down their competitors and then bought them out for a shit price. Congrats.
Baileys ??? Ha Ha Ha… If you dont know Ballys, a classic gaming company for 100 years… then go back and learn about gaming.
Seriously, how did this video get 3 Million views? It's common knowledge Vegas is owned by big corporations that don't know how to run Casinos. Both MGM and Caesars are terrible managers of the hotels in Vegas.
You pronounce almost every name wrong. But I watched your video, so you got another view, and that’s all that really matters.
Hail Caesar.
And just think a guy name Bugsy Siegel had the dream & idea to turn sand into massive paradise..Heres to so called criminals who had a dream, only for corporate America come to take all the profits again
Man those 3d maps are really bad for close-ups
Damn you all throwing Resorts under the bus.. don’t we all have about a few thousand critters sleeping with us at home already?
Vegas sucks
It bugs me that you keep pronouncing it BAILEYS. It’s BALLY’s….The a is pronounced the same as the A in BATH
Stealing money from people for many years
I'm still waiting for them to connect the monorail to the airport…
Narrator is awful. Bad pronouncements of certain words.
The same old story. Everything is owned by the same small group of people, and they do all they can to find loopholes in the system to earn more money (or to pay less).
Bally's, like the local sports broadcasters FYI
thats what that hotel was called
I like learning about the background and backstory of things and I learned a lot here. Well put together too.
Cool video…but irritating narration/accent.
Each time you mis-pronounced Bally's, it hurt.