Palms and other station casinos firing everyone

[CaptainLee]

[h=1]Massachusetts Walmart Ravaged By COVID, 21% Of Employees Infected, Store Closed[/h]Real story, Worcester, MA.

[h=1]Connectict and Vegas casinos Ravaged By COVID, 21% Of Employees Infected, casinos Closed[/h]Now if this happens, you can be sure Willie will visit another nearby casino or immediately hop onto the next flight to Vegas.

 

[Willie99]

[h=1]Massachusetts Walmart Ravaged By COVID, 21% Of Employees Infected, Store Closed[/h]Real story, Worcester, MA.

[h=1]Connectict and Vegas casinos Ravaged By COVID, 21% Of Employees Infected, casinos Closed[/h]Now if this happens, you can be sure Willie will visit another nearby casino or immediately hop onto the next flight to Vegas.

Why do liberals hate happy and optimistic people?

Why are they so angry?

Do they really think only they can make informed decisions?

I find the later especially amusing since many of them tend to be the least informed. Usually citing a headline or appealing to a higher authority, like the media


I'm sorry Caotain Lee, I don't share your opinion that Vegas is done. If you have a problem with that, that's your issue, not mine

 

[CaptainLee]

I voted for Trump and will again this year, yet I'm a liberal?

 

[Willie99]

I voted for Trump and will again this year, yet I'm a liberal?

I'm sorry, I misread your pessimism. Most of the strongest opinions are seemingly following party lines. As with everything in life, there are exceptions

My bad

Peace, and all the best to you

 

[azbob]

A lot of people use the red herring argument of "flip the switch"' to open up when no one is in favor of that strategy. Similarly, no one is saying the casinos will, "return to glory days" as soon as they open. The fact is many, many locals will immediately go back to the casinos when they open...not talking about the strip...locals rarely go there anyway. Of course, non-CA tourist travel will take a lot longer. Unlike the government, businesses know that when revenues drop, you cut expenses. The Gaming Control Board has published conditions for re-opening and most of those can be easily met. They include casinos can only allow 50% of visitor capacity to be allowed in at one time. Table games will be problematic per those conditions, but those are not major revenue drivers anyway. It's a long ramp up, but remember the virus impact is much different in NV versus the northeast.

 

[bodyforlife]

You seem to follow my posts with the same type of know it all attitude. I'm only posting to what you've directly posted to me. You even brought into the mix last night suggesting to ask your accountant what you own, insinuating you're one of the few posters here with a few bucks in your pocket. Grow up.

Bullshit. You insinuated something about me that you knew nothing about and I answered you...simple as that. Look in the mirror before you tell someone to grow up. You've been antagonistic with anyone that disagrees with you and conveniently ignore anything rational presented to you. I don't give a shit if you disagree but please stop with your nonsense. Plenty of people have explained to you why you might not be right.

 

[HinesWard86]

Will Vegas ever be the same? I think this is just going to hasten the city's eventual decline. Cities like Vegas, New Orleans, and Miami have to decline soon because of environmental factors.

 

[azbob]

I guess all three will fall into the ocean huh?

 

[devocr]

Phucket? Viejo has never left Pattaya - he doesn't even like getting off Soi 6

https://www.youtube.com/watch?v=rsYwF8TA53k

Wow! That is awesome. I have to move there.

 

[PatsFan1283]

Agree Vegas is fucked but 80% decline is way too strong, that's great depression era #'s and it won't be anywhere close to that.

Maybe 20-30%

And if it is 80%, you can bump this thread and say I was wrong but it probably won't matter because I'll be dead from WW3

 

[CaptainLee]

Bullshit. You insinuated something about me that you knew nothing about and I answered you...simple as that. Look in the mirror before you tell someone to grow up. You've been antagonistic with anyone that disagrees with you and conveniently ignore anything rational presented to you. I don't give a shit if you disagree but please stop with your nonsense. Plenty of people have explained to you why you might not be right.

I'm the one who's antagonistic here when you're the person posting to me?

 

[CaptainLee]

Agree Vegas is fucked but 80% decline is way too strong, that's great depression era #'s and it won't be anywhere close to that.

Maybe 20-30%

And if it is 80%, you can bump this thread and say I was wrong but it probably won't matter because I'll be dead from WW3

When a market is as leveraged as Las Vegas, a 20-30% fall will trigger other defaults, which is why I'm thinking a collapse will occur. What will likely happen is something between our sets of predictions and 50-60% fall will still be a disaster for Las Vegas.

 

[TheComputerGroup]

When a market is as leveraged as Las Vegas, a 20-30% fall will trigger other defaults, which is why I'm thinking a collapse will occur. What will likely happen is something between our sets of predictions and 50-60% fall will still be a disaster for Las Vegas.

Kind of what happened in Atlantic City after the 2008 market crash........of course this pandemic caused more of a problem. Interesting to see how many casinos survive this disaster.

 

[slapshot]

Are the Raiders moving back to Oakland

 

[bodyforlife]

I'm the one who's antagonistic here when you're the person posting to me?

Just give it a rest junior. You insinuated something about me and I answered you. And then you lied about me following you around (and we both know you can't produce any threads other than this one and the original one that was living rent free in your head for over a decade for some reason). Stop while you're behind, sit back, and we'll see if you're right. Many of us disagree with you in this thread (and you're welcome to ignore that). Act like an adult now.

 

[CaptainLee]

What's funny is you just keep returning with the same tough guy attitude here.

Thanks for attempting to instruct me what I'm permitted to ignore and reply to here. It's a posting forum, people aren't going to agree all the time.

 

[CaptainLee]

[h=2]<label> This message is hidden because bodyforlife is on your ignore list. </label>[/h] View Post

Remove user from ignore list



​

 

[CaptainLee]

Really the best solution since you refuse to grow up.

Shush()*

 

[REDEYE]

What's funny is you just keep returning with the same tough guy attitude here.

Thanks for attempting to instruct me what I'm permitted to ignore and reply to here. It's a posting forum, people aren't going to agree all the time.

I'm guessing he has his undersized high school lettermen's jacket on while posting.. makes someone just a little tougher , while at the same time living in the past...

 

[CaptainLee]

Agree Vegas is fucked but 80% decline is way too strong, that's great depression era #'s and it won't be anywhere close to that.

Maybe 20-30%

And if it is 80%, you can bump this thread and say I was wrong but it probably won't matter because I'll be dead from WW3

Below is other reasons I think you're 20-30% is far short. How many fewer Vegas buyers would be in their current homes with anything near those types of lending standards were previously in place?


For instance, Chase is now requiring a credit score of at least 700 for all new home loans, and they are one of the financial institutions that is now requiring a down payment of at least 20 percent…

A Chase spokesperson confirmed that starting April 14, new mortgage applicants will need a minimum credit score of 700 and a down payment of 20%. Refinancing applications for non-Chase mortgages will also need the same score. Chase didn’t disclose its previous lending standards but the average downpayment for first-time home buyers is around 6%, according to a 2018 survey from the National Association of Realtors.
​

If you own your home, would you have been approved for a mortgage under the new Chase standards?
And Chase is far from alone. In fact, most major mortgage lenders have now tightened up, and Redfin is estimating that about a quarter of all home buyers last year would not have qualified under the new standards.
So if you remove about a quarter of all buyers from the marketplace moving forward, what happens to the housing market?
Yes, there will be an implosion, and it will happen no matter whether coronavirus lockdowns are in effect or not.

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And home equity loans are going to be hit even harder. As I discussed last week, Wells Fargo is no longer taking HELOC applications at all.
So now matter how good your credit is, you simply cannot get a home equity line of credit from Wells Fargo at this point.