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Las Vegas Sphere reports $98.4M loss; CFO quits

lasvegassun.com

191–200 of 201 posts

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

#191
post #176

Earlier quoted context omitted.

Turn it into a pot smokers lounge, it will sell out and be a hugely profitable dispensary.

Too big, impossible to hotbox.

That's how it is wildly profitable: treat the size as a challenge, and the SmokingBros will take that challenge and hotbox the entire place in some glorious out of control 4/20 party, to the Sphere's profit.

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

#192

Earlier quoted context omitted.

Something tells me there is a tax avoidance scheme whereby these investments are intentionally engineered failures that generate the financial manipulators shockingly high paybacks.

You're reading too many conspiracy theories. Life is more mundane; investors bet money on grandiose stuff and some of their bets fail.

I think I know too many people with crazy wealth. They'd cook up such a scheme. If you don't think so... well...

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

#193
post #176

Earlier quoted context omitted.

Too big, impossible to hotbox.

That's how it is wildly profitable: treat the size as a challenge, and the SmokingBros will take that challenge and hotbox the entire place in some glorious out of control 4/20 party, to the Sphere's profit.

I will hold a spot open on my calendar for this.

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

#194
post #175

Earlier quoted context omitted.

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.

I kind of think it's to our benefit to have a handful of guys like this around--they remind the rest of us that money isn't everything.

(To be clear, speaking from experience, poverty isn't so fun either.)

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

#195

Earlier quoted context omitted.

It's Vegas, people don't go there to make sound financial decisions :P Possible counter-strategy is that the prices are high so people stay relatively tame inside. Who wants to pay ($20/unit of alcohol) to even try to get drunk?

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.

Every place is expensive if you go for a few days as a tourist. SF is definitely more expensive. I lived in Vegas as a regular dweller, near the Mantis in downtown, for a few months, nothing particularly expensive there. To the contrary, you get free live concerts every day and basically free marijuana - just inhale the air around you!

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

#196

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…

What? So you’re just going to blame the guy in the $5000 suit? COME ON!

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

#199

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.

Speaking of weird names, I've always been fascinated about how the football (soccer) team the Young Boys decided to go with that. I'm not about to just Google that though. I don't need my browser history polluted with the types of wrong results that would come up.

It's the same name as Juventus and Al Shabab

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

#200
post #47

Earlier quoted context omitted.

I have a friend who went to see the U2 show there and they had lots of praise for it as a venue. U2 isn't quite interesting enough to me for me to pay for the tickets and travel, but if a band I'm really into were playing there... I'd probably find the money. (If any booking agents or whatever are reading this... get The Cure to do a residency and I'm there. If you can get the Talking Heads to do a reunion show there…

Some bands you see live because you like their music, and some bands you see live because it's a party. U2 has been working on the multimedia side of their live performance for a few decades and they've come up with quite a show.

Depends on the concert goer, really. At this particular time in my life, I'm not really interested in the spectacle so much as the love of the music, so the "it's a party" doesn't have the same appeal for me.

I'd rather see someone like Colin Hay play an acoustic set in a small venue where I can sit and have a whiskey than a big stadium thingy from a band that I like but don't love. The Cure have the full package, for me: The spectacle, the amazing sound live, and their music really resonates with me in a way that U2 doesn't.

I did see U2 on the Joshua Tree anniversary tour - and it was a great spectacle. My wife, who loves them, was over the moon. I was moderately entertained. Would've been a huge waste of money if I'd gone solo, but it was worth it because she loved it.

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