What's The Matter With Vegas?

For a nightclub guy, it may come as a shock to you all that...I've never been to Las Vegas. Funny enough, I had an astrocartography reading and it said I would find my fame, fortune and love...in Vegas. Of all places. lol.

I've been hearing alot about how Vegas is dying, tourism is down, fees are up...and the scourge of private equity banking seems to be doing a number on what used to be a fun, cheap, place to visit.

From charging people for parking to charging people...for using plates, Vegas is nickle and diming an already distressed (and broke) populace and its starting show in their numbers.

This is likely because of private equity firms running them. Like other formerly successful businesses these private equity firms buy these companies, over leverage them, saddle them with debt, and therefore they can no longer afford to follow their original business models that made them successful. It’s what happened to Caesars. And it’s what happened to stores like Joann’s, Toys R Us, Sears, K-Mart, and Forever 21 but they ended up going out of business.

Listen, these firms are called "vulture capitalists" for a reason. They don't create value, they extract it. At some point, you can't get blood from a stone, but these guys sure will try.