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Las Vegas Sphere reports $98.4M loss; CFO quits

lasvegassun.com

181–190 of 201 posts

Re: Las Vegas Sphere reports $98.4M loss; CFO quits

#181

The NYT painted the CEO as being the visionary of the sphere concept, quoting that he was inpsired by a Ray Bradbury short story called The Veldt. https://www.nytimes.com/2023/09/20/nyregion/james-dolan-las-... Has anyone else done something like this before?

Jeffrey Bezos spent over a billion dollars to launch a penis into space

Re: Las Vegas Sphere reports $98.4M loss; CFO quits

#182
post #175

Earlier quoted context omitted.

> notoriously combative CEO Understatement of the year. Dolan successfully destroyed 2 major sports franchises (Knicks and Rangers) he spent millions on acquiring and managing. He is also using facial recognition to ban all employees of law firms suing MSG (his company) from going to any of their properties, and NY State is considering pulling his liquor license as a result. The only reason he's solvent is because th…

Maybe the funniest and most pathetic thing about Dolan is that his true love would appear to be his band ( https://en.wikipedia.org/wiki/JD_%26_The_Straight_Shot ). It's basically the best session musicians inherited money can buy backing a frontman whose singing has been described as "karaoke-grade" and "like he's trying not to cough". And his employees are expected to attend his shows. And he checks on this.

This if fucking hilarious. What a clown. I knew of him before, but I didn't know the full depth of the delusion and megalomania. He rivals Zuck in later which is an impressive achievement.

Re: Las Vegas Sphere reports $98.4M loss; CFO quits

#183

Earlier quoted context omitted.

Yeah, but it must have been a giant league with lots of teams. ...Right? (9 teams...) Now, their name is simple "the red-blacks" and is for the colors of their uniforms. Toronto's soccer team in Major League Soccer is called "Toronto FC" or "Toronto Football Club". Calgary: "Cavalry FC" which seems extra confusing when spoken. Sports naming is so weird.

FC naming was added as a brand management technique. When you watch soccer, you expect Tier 1 soccer aesthetics and branding - especially as an owner trying to recoup your investment. It was Abu Dhabi that started the FC/SC naming conventions in MLS after they were the first international investor in MLS with NYCFC. After that, the door was opened for plenty of investors who didn't see an RoI or have to ability to in…

Toronto FC aka TFC were playing their ninth* season when NYCFC joined the league

x FC is just a common way to name football clubs around the world, adopted by MLS clubs

Edit: Announced during their seventh season; joined in their ninth

Edit; Chicago, Dallas, Houston Vancouver and Toronto had FC In their name before NYC FC existed

Re: Las Vegas Sphere reports $98.4M loss; CFO quits

#184

Earlier quoted context omitted.

You'd want to wait to be part of recapitalization after a reorg is required. The deal is made on the buy, not buying someone else's bags. EDIT: See gosub100's comment [1]. (not investing advice, educational purposes only) [1] https://news.ycombinator.com/item?id=38206727

Sure sounds like investing advice

Not English, just looks like it. Assume meanings of words at your own risk.

Re: Las Vegas Sphere reports $98.4M loss; CFO quits

#185

Earlier quoted context omitted.

Yea anyone who's visited Vegas knows that from the time your plane lands to when you takeoff, you're basically just spewing money to everyone constantly. I think there are at least 5-10 people just between your airline gate and your hotel room door with their hands out looking for tips. Not a place to go if you're frugal.

Funny that this is the general perception of Las Vegas after 50 years of marketing itself as a budget destination

My boss came back from a vendor conference in Vegas recently and went to the sphere. He said in the 90s you could go and find a cheap all you can eat buffet full of steak and it was like $10 to get in. Drinks were $2 or something like that. But now you can expect to spend $40-$50 per meal for a single person.

Re: Las Vegas Sphere reports $98.4M loss; CFO quits

#186

Earlier quoted context omitted.

Sure sounds like investing advice

Yes, but they’ve said it isn’t, which is apparently sufficient even if you run an ad saying “InvestCo is great, you can make a ton of money from them [terms & conditions apply, you may actually lose money instead, not investment advice]”

It's a silly affectation rooted in lawyers commenting about a generality in a context where specifics might be inferred.

Re: Las Vegas Sphere reports $98.4M loss; CFO quits

#187

Earlier quoted context omitted.

Technically is the correct term to use here. It's de jure illegal but de facto fine.

While all that is true, I try to avoid breaking the law when visiting foreign countries. I wouldn't want to make future travel unnecessarily complicated.

If you're not a US citizen, abstaining sounds wise.

> while laws governing marijuana in individual U.S. states and other nations may change, CBP will continue to enforce U.S. Federal Law, which prohibits the possession of marijuana ...

> Aliens must overcome all grounds of inadmissibility, including admissions of past violations of controlled substance law. Possession and/or admission to the use of marijuana by an alien may result in the refusal of admission.

https://www.cbp.gov/sites/default/files/assets/documents/202...

Re: Las Vegas Sphere reports $98.4M loss; CFO quits

#188

Earlier quoted context omitted.

FC naming was added as a brand management technique. When you watch soccer, you expect Tier 1 soccer aesthetics and branding - especially as an owner trying to recoup your investment. It was Abu Dhabi that started the FC/SC naming conventions in MLS after they were the first international investor in MLS with NYCFC. After that, the door was opened for plenty of investors who didn't see an RoI or have to ability to in…

Toronto FC aka TFC were playing their ninth* season when NYCFC joined the league x FC is just a common way to name football clubs around the world, adopted by MLS clubs Edit: Announced during their seventh season; joined in their ninth Edit; Chicago, Dallas, Houston Vancouver and Toronto had FC In their name before NYC FC existed

Doh your right. I totally forgot about Toronto FC and Vancouver FC. The early 2010s are a haze for me. I still stand by the brand management argument though.

Re: Las Vegas Sphere reports $98.4M loss; CFO quits

#189
post #93

Earlier quoted context omitted.

I last went to Vegas in 2014, and in the hotel pool bar it was $16 for a small bottle of Budweiser. I had a rather dry trip at those prices.

The trick is to go to the CVS and Walgreens on the strip and load up with relatively cheap beer and avoid the exhortation from the casinos.

Are you suggesting chugging cheap beers as fast as you can in the drugstore parking lot?

16yo me might have gone for that. Then again, I’ve never been to Vegas. Maybe it seems like a better idea in situ.

Re: Las Vegas Sphere reports $98.4M loss; CFO quits

#190

It was open for 2 days of the fiscal quarter. The CFO quit after being yelled at by the notoriously combative CEO. The news has been running with this headline because it's drawing clicks but it's not really painting an accurate picture.

> notoriously combative CEO Understatement of the year. Dolan successfully destroyed 2 major sports franchises (Knicks and Rangers) he spent millions on acquiring and managing. He is also using facial recognition to ban all employees of law firms suing MSG (his company) from going to any of their properties, and NY State is considering pulling his liquor license as a result. The only reason he's solvent is because th…

Imagine if GOB Bluth became CEO. That's Dolan.

Come on...

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