myGrilloCOM | Author: The Street

Most Las Vegas Strip deals are splashy with the land purchase sort of kicking off the publicity cycle for whatever massive casino, resort, or attraction might someday get built on the property. That’s essentially what Houston Rockets owner Tilman Fertitta has done.

The billionaire, who also owns the Golden Nugget on Fremont Street, purchased land on the Las Vegas Strip located between Caesars Entertainment’s (CZR) – Get Free Report Planet Hollywood and MGM Resorts International’s (MGM) – Get Free Report MGM Grand in April. That purchase was major news, as was his October reveal of his intentions for the property.

Fertitta potentially plans to take on Caesars and MGM in their own backyard with a 43-story, 2,420-room hotel/casino. (Neither the billionaire nor his company has made a specific statement as to his plans, but a potential plan has been filed with the county.

“The upscale project, on roughly 6 acres at the southeast corner of Las Vegas Boulevard and Harmon Avenue, calls for restaurants, convention space, a spa, wedding chapel, auto showroom, and a theater with around 2,500 seats, Clark County records show. It would also include suites and villas, VIP salons and a bar and lounge for high-limit gamblers, building plans indicate,” the Las Vegas Review-Journal reported.

No actual construction has happened, but Fertitta has people talking, which probably helps raise financing for the project and will build excitement for its eventual opening.

The NBA owner is not, however, the only player with big plans on the Las Vegas Strip. Another potential Caesars and MGM rival has quietly put together the land required to build a new casino, but it has been taking a much more stealthy approach.

That might at least partially be because of the history of the piece of land it’s buying.

Image source: Shutterstock

MGM Sells a Piece of Strip Land

MGM has sold, “The Village,” a piece of land on the Las Vegas Strip across the street from Luxor and next to the Tropicana, to the Three Affiliated Tribes of North Dakota.

The land has been used as a concert ground and it was the site of the deadliest mass shooting in modern U.S. history,

“Concertgoers at the Route 91 Harvest Festival gathered there on Oct. 1, 2017, when a gunman opened fire from his hotel room above. He killed 58 people. Two more died later of their injuries. More than 850 people were hurt by the time the gunfire stopped,” U.S. News reported.

The site has been vacant since the shooting.

MGM CEO sent an email to employees commenting on the sale of the 13 acres of Strip-fronted land.

“We know the importance this location holds to so many and have always put tremendous thought into every consideration involving the site,” Hornbuckle wrote. “This is no exception.”

MGM has already donated two acres of property at the site to Clark County to be used as a memorial.

Meet the Strip’s Newest Player

Three Affiliated Tribes of North Dakota has been moving very quietly to put together the property needed to build a Strip resort/casino. In July 2021, the group bought a vacant 8.7-acre parcel of land adjacent to its more recent purchase.

“At the time of the 2020 purchase, Tribal Chairman Mark Fox said his organization could build anything from a casino to a parking lot on its new property. Fox told the Brainerd (Minn.) Dispatch, ‘We saw it as an opportunity to get land — prime real estate land — in Las Vegas for a good price, and that’s essentially why we went there,'” the Review-Journal reported.

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In a few days the powerful of the planet will meet as almost every year in Switzerland.

They will debate the state of the world and the transformations necessary to solve urgent problems on the economic, societal, environmental and technological levels.

Almost everyone who matters will be present: business leaders, politicians, influencers, economists, journalists, representatives of multilateral institutions and other personalities from civil society.

The Davos Forum, or World Economic Forum (WEF), is quite simply the place to be at the start of the year for those in power.

“The world today is at a critical inflection point,” WEF said on its website. “The sheer number of ongoing crises calls for bold collective action.”

It continues by explaining that the 2023 edition “will convene leaders from government, business, and civil society to address the state of the world and discuss priorities for the year ahead.”

“It will provide a platform to engage in constructive, forward-looking dialogues and help find solutions through public-private cooperation.”

A Tense Exchange

However, there will be a guest who will not be there. This is Elon Musk, who has become the most influential CEO in the world. The serial entrepreneur revealed a few days ago to have snubbed Davos, marking his difference even more because many CEOs would have jumped at the chance to be part of this circle of the powerful of the world.

But not Musk.

“I was invited to WEF, but declined,” the billionaire said on Dec. 24.

That day, he had not given the reasons that led him to say no to this club of the powerful. But he has just broken the silence on the matter and simply reveals that he finds Davos boring.

It all started with a thread by American author and “Dilbert” cartoonist Scott Adams who ran a Twitter poll in which he asks users to vote on whether they believe elites or a leftist caste are trying to suppress Earth’s population.

“How many of you believe some group of elites or leftists or someone important wants to reduce the population of Earth?” Adams asked.

Nearly 75% of voters said they believed it. But that’s when Musk stepped in to tell Adams that it was a “common sentiment.”

“It is a very common sentiment, mostly implicit, sometimes explicit,” the billionaire commented.

“I stipulate that people with no real power or influence do hold that view. Apparently that triggers confirmation bias that the UN, the WEF, Bill Gates, George Soros and governments want the population to decline from current levels. This is the Right’s Drinking Bleach Hoax,” Adams quipped.

“This is neither a ‘right’ nor a ‘left’ issue,” Musk responded. “Run antivirus software in your brain.”

‘Boring’

The discussion then turned to conspiracy theories circulating on social media about the WEF and Bill Gates.

“Are you saying people on the Left also believe Gates and the WEF want the population of America to shrink in absolute terms? If so, consider me corrected. I have only heard that from the Right,” Adams wrote.

“I don’t think we should divide issues semi-randomly into ‘left’ and ‘right’ tribes, as it inhibits critical thinking,” Musk tweeted back at Adams. “The idea that there are too many people generally stems from the axiomatic flaw that Earth’s environment can’t sustain its current population.”

The techno king then repeated one of his criticisms against environmentalist movements despite the fact that Tesla (TSLA) – Get Free Report is one of the architects of the reduction of CO2 emissions in the automotive sector.

“It’s not some illuminati plot to destroy humanity, but rather an extension of the well-meaning environmental sustainability movement that has gone too far,” Musk said.

He then concluded by declaring that he had declined the invitation to the Davos forum not for ideological disagreements.

“My reason for declining the Davos invitation was not because I thought they were engaged in diabolical scheming, but because it sounded boring af lol,” the billionaire added.

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Author: The Street

Notorious Piece of the Las Vegas Strip Sold; New Casino Likely

Elon Musk Sets The Record Straight About World's Most Powerful Club