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Starting bid is $6 billion. When Sheldon sells the Venetian (Palazzo & LV Sands), he will no longer have any vested interest in Las Vegas. Sheldon & Steve Wynn made Vegas today and they are gone. This is not surprise to The Jedi. We have been telling investors to short Vegas stocks ever since Steve Wynn sold all $2 billion of Las Vegas shares in May of 2018.
If you have been following The Jedi, you would know the big story is not that the Venetian is for sale. This has been coming for a couple years. In 2014, Las Vegas was booming. Sheldon wanted to use Vegas status as a major destination to draw an NFL team to Las Vegas. All he needed was to convince voters to approve a $750,000,000 stadium tax that would be charged to tourists staying in hotels & locals living in weekly rentals (like The Jedi). Yep, the poorest people living in Las Vegas were taxed to pay for a stadium they could never afford to attend. Is that bad government, bad business or just plain bad karma?
The bigger story is the Vegas media & bloggers forgot the Venetian is for sale and just started boasting the opening of Circa. They should be a asking why would you open a new casino in 2020 when this month the closures of Encore and the sale of Venetian were announced?
Sheldon Gave Early Warning Signs to Leave Vegas
Only one week after the Jedi left Las Vegas, Sheldon Adelson is following suit. Sheldon Adelson expressed his concern for Vegas in a letter he wrote on July 29, 2020
The Jedi warned investors on social media the Las Vegas was a sinking ship. The local media television stations are nothing more than paid infomercials. From watching local news, you would never know that Vegas was in trouble. That's because Sheldon Adelson owned Las Vegas' only newspaper; The Las Vegas Review-Journal. It was such a major violation in 2015 that Sheldon had to have his son-in-law secretly make the purchase through a shell company in Connecticut.
Obviously The Jedi predicted this because The Jedi left Las Vegas one week before Sheldon announced the Venetian was for sale.
How Did Sheldon Adelson Convince Taxpayers to Buy a $2 Billion Stadium?
In 2015, Sheldon Adelson secretly bought the Las Vegas Review-Journal, Las Vegas' biggest newspaper. He had to purchase the paper by using his son-in-law, Patrick Dumont, to purchase the paper through a shell company in Connecticut so not even the employees at the Review Journal knew the name of the real owner. It took 3 investigative reporters from the Review-Journal and 6 months to reveal that Sheldon Adelson owned the paper. Did anyone cry Rosebud? You bet.
The Jedi contacted Aaron Ford, Nevada's Attorney General, to ask why he would allow a casino mogul to secretly purchase a newspaper in 2015. It was an election year. In 2016, Adelson and his wife Miriam has given more money to the Trump campaign and the GOP than any other donor. To this day, Miriam and Sheldon are Trump's biggest donors. Miriam even got he Medal of Honor after donating $80 million (investor money). Aaron ford simply ignored The Jedi and looked the other way. Apparently, Aaron Ford has never seen Citizen Kane.
Derek J Stevens (Circa All Adult Hotel) Didn't Get the Memo
The internal memo from the the Las Vegas Sands should indicate to anyone that Las Vegas was in trouble. If you had any doubt, last week Sheldon Adelson, the 44th wealthiest man in the world, decided to divest from Las Vegas.
Further, Caesars went BK, Jim Murren sold out and quit MGM, Steve Wynn sold all his interest in Las Vegas, Lorenzo's Palms went belly up, several casinos are closed forever, Encore just announced its closing during the week and now Sheldon Adelson is completely divesting out of Las Vegas. Virgin postponed their reopening of the Hard Rock so why is Derek J. Stevens, a major Trump supporter, still spending cash to finish to resort on time?
First, there are million dollar bonuses to be paid to McCarthy contractors for finishing on time. Any delay would result in the contractors not getting their kickbacks. A shutdown reveals the frauds like a game of musical chairs. Anyone still spending investors money like Derek Stevens is scamming investors because no one the world is opening a new mega-casino in 2020.
Traveling internationally post covid has become a challenge. Panama requires a negative COVID test upon entry. We arrived late Saturday night in Panama City. There was a slight drizzle in the air. A curfew was in effect from 11pm Saturday night until Monday morning. Jedi Joy was concerned about getting protein and mineral water. I was concerned they were not going to accept out CVS COVID results because the test did not print our names name.
As the World shut down, the Panama Canal remained open because shipping is essential for the World. However, they did not allow anyone to get off the boats until recently. As the rest of the World reopens, Panama is slowly but surely reopening each day.
Panama Canal Shipping Getting More Business by the Day
The Jedi arrived 2 days ago in Panama City and we have already unpacked and this is our first video. Its a test video. The spare bedroom had a wall painted green. Can you believe it?
Panamá’s national team represented by CAI was practicing today before tomorrow nights’s game against Antigua. Today was light practice. They were practicing their dramatics to create a distraction.
Jedi Rich took a quick walk around our new neighborhood in Panama City.
Feels Good to be Out of Las Vegas
Las Vegas has become a black hole of negative energy. As soon as we got to PC, we immediately felt better.
Thank you Mike Dixon for helping the Jedi move out of Las Vegas. Thanks!
Park MGM just opened on September 30th, 2020. Upon ReOpening Park MGM has become a SMOKE FREE Casino. Several of the casinos were considering making the casinos smoke free. They did a study to see if people would come to Vegas if the Casinos were smoke free. The numbers did not pan out, so most casinos remain smoker friendly.
Park MGM will be the experiment casino. Second hand smoke is so bad for the employees of the casinos and other patrons. The casinos are starting to make Smoke Free rooms for those who want to avoid the smoke. It is.a tough battle, because smoke is bad for people around. But on the other hand Vegas is one of the only places left where smokers can enjoy a cigarette and a drink and gamble at the same time.
It will be interesting to see how Park MGM does as a smoke free casino. If they do well, some other casinos might follow suit.
"Clean up the strip" is being heard as images of shootings on the Las Vegas Strip are circulating all over social media.
Caesar's Palace Sunday October 11, 2020
Police officers & security guards were not hired for their hospitality skills. Guests should be greeted by qualified professionals with experience & training in hospitality. A hotel the size of the Cosmopolitan and/or Bellagio cannot afford to have their guests experience a misunderstanding with police or security (Meek Mill 2019, Fetty Wap 2019).
Last night 20 cops were seen barreling into the Motel 6 on Tropicana. Witnesses say they almost ran over a pedestrian as they sped into the parking lot. Officers were running and cocking their shotguns. The word used amongst bystanders was “trigger happy”.
Eventually, they realized that they has apprehended the wrong man. Witnesses could not hear what was being said but escort that he was wearing a similar sweatshirt. They let him go after terrifying the entire motel. THATS NOT GOOD FOR TOURISM
Meanwhile, the real shooter is on the loose and other crimes are taking place.
After nearly 7 years of marriage, the Jedi had a wedding reception-- invite only.
The Raiders are boasting that their move to Vegas boost the Raiders value. The team has seen its value skyrocket to $3.1 billion this year, up from $1.4 billion in 2015 when it ranked 31st out of 32 NFL teams. Before moving to Las Vegas, the team was worth $1.4 billion in 2015 but the Raiders have seen its value steadily increase year-over-year since announcing their move to Las Vegas. That made them the poorest NFL team in the league.
In 2019, Forbes magazine ranked the Raiders value at $2.9 billion, making the Raiders the 26th most valuable team in the World. In September 2020, Forbes reported their value had eclipsed the $3 billion mark making them more valuable than Kansas City Chiefs, New Orleans Saints, Manchester City and the Chelsea Soccer Club.
How Did Allegiant Stadium Boost the Raiders Value $2 Billion?
Michael Ozanian, Forbes executive editor who created the publication’s sports team valuation lists, said "The construction of the $2 billion Allegiant Stadium, the sellout of personal seat license and season tickets at the 65,000-seat venue and the naming rights deals tied to the stadium are responsible for the continued rise in valuation."
The reason Michael is optimistic about the Raiders is because the Raiders ticket sales have out placed the Los Angeles Rams who just purchased a $4 billion stadium. What Michael does not understand is the reason the Las Vegas Raiders PSL sales have outpaced about Las Vegas is ticket agencies. Scalpers who live in Vegas will make a show sell out overnight. The scalper's hope is the same as Michael's: they hope Raiders national brand will Raiders fans to Las Vegas. But according to J.A. Tiberti who sits on the Las Vegas Stadium Board Authority, over 60% of the PSL sales came from Nevada and 40% came from California. Since Nevada does not have a strong Raider Nation fan base, I asked myself "how did Nevada purchase over 1/2 the PSL's". The answer was simple: scalpers buying pop all the tickets hoping to make a profit on the resell.
Scalper's Plan Thwarted
The Jedi visited the Park MGM in Las Vegas early this morn for some good lighting. Wow, its so good to see the Park MGM back and it is completely 100% smoke free.
The Nomad has its own casino and entrance.
The word of the day is karma.
Starving Birds in Clark County Nevada is Legal but Feeding Birds is 6 Months Jail Time
In 2017, Marilyn Kirkpatrick & Steve Sisolak passed a law to starve pigeons to death. Starving animals in most states is considered animal cruelty and it’s a felony. But in Nevada, the policians, the police and the newspapers are all owned by one family: the casinos. Even Allegiant Stadium taxed the casinos for an additional $750 million to finish the Las Vegas Raiders Stadium project. That’s nearly half of a $2 billion project being paid for by taxing visitors.
The Buddhists call it Karma. The Christians call it “The Golden Rule”. The Catholics call it “The Holy Ghost”. Alcoholics call it their "Higher Power". Whatever you call it, you know you don’t stand a chance if you go against it.
Do you believe in Karma? When polled, over 82% of local Las Vegas believe in karma, luck, or whatever you want to call it. So when Clark County passed a law making it legal to kill pigeons and illegal to feed them, the Jedi screamed “bad karma!”
Doves, or pigeons, are considered the Universe’s symbol for peace ☮️✌️. It’s been commonly known throughout history that doves are to be protected, fed and nurtured. Passing a law to kill them by starvation is not only animal cruelty but also #bad #karma.
So what happens to your government when you starve pigeons to death and incarcerate humans for feeding birds? Let’s see:
How Many signs Are They Gonna Ignore
The Jedi leave Las Vegas in 9 days. Would someone please feed the pigeons while we are gone? They are starving and the City cannot handle any more bad karma.
Two years ago, Jedi Rich was walking to the Raiders Allegiant Stadium to take photos. He was attacked by 3 men; two African American men one mixed Asian. This was in broad daylight on Valley View and Tropicana. No one stopped to help. The LVMPD (police) took over 30 minutes to arrive. Jedi Rich waited but then left the scene when no one arrived to help.
The three men confronted Jedi Rich demanding his Nikon camera gear stay with them. In typical fashion, Jedi Rich disagreed with their assessment. So one man pelted Jedi Rich in the back of his head with a large rock the size of a cantaloupe. The 2 other men struck Jedi Rich in the back with a golf club. While repeatedly taking blows to the back & head, Jedi Rich got away by curling up into a ball, reaching down into his fanny pack and grabbing his iPhone 8 Red. Jedi Rich flipped around and pointed the camera in landscape indicating to the attackers they were being recorded. Jedi Rich then scolded them for being so rude and disrectful. He told them they need to be nice to each other. And they drove off.
Hi Jedi friends! The Jedi got a private tour from an inspector at Resort World. He says they were planning to open 2020 or 2021 and they were planning to buy WYNN and Encore. That's why the colors matched. He told us a bunch of other stuff you'll have to watch the video because I can't remember it all. The original article had to be taken down out of respect for Lim Kok Thay, However, since Resorts World stopped paying creditors in June 2020, we felt we should let those who have an interest in Resorts World Las Vegas know what the we know.
Resorts World Costing $4 Billion to Complete
Genting purchased to property for $350 million from Boyd Gaming in 2013. The project was slated to open in 2016 but redesigns caused a delay to 2017, 2019, then 2020. Now the new date is 2021. Genting borrowed $1 billion in April of 2019 to finish the project. The Jedi got this tour of the Resort World back in May of 2019, a few weeks later.
Genting, owned by Malaysian billionaire Lim Kok Thay, operates opulent Resorts World integrated resorts in Malaysia, Singapore, The Philippines, and elsewhere. It has a market capitalization of more than $40 billion, with more than five different publicly traded companies forming the Genting Group.
Genting Stops Paying Creditors
The mood on the site was euphoric. When completed, the project will cost $4 billion. However, in June of 2020, Genting stopped paying it's creditors. They may have to sell off assets to survive.
The Jedi didn't publish this video last year because we wanted to protect the identity of the inspector. But that took a really long time and we only made it about 1/4 of the way. The Jedi decided to publish this video before leaving to Panama because 1) the inspector doesn't work there anymore, 2) Genting has stopped paying it's creditors and 3) enough time has passed. Many of our subscribers have been asking us to share the video. Here it is! We apologize for being so giddy in the video. We were so excited to be on first official tour of a major construction project. The big take away is they were planning to buy Wynn before the shutdown. Who knows what will happen post-pandemic.
Jedi Rich is a former CEO who transformed from a banker into a modern day independent music & film maker.
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