I don’t go to Las Vegas very often. But I’m always amazed at the over-the-top glitz and glamour of The Strip.
My jaw just drops when I walk through the Bellagio lobby adorned with hundreds of pieces of Dale Chihuly glassware or when I look up at the ornate, gold-gilded fresco ceiling at the Venetian.
I always remind myself, however, that all those amazing casinos were not built from the money of winners. They were paid for by money that casinos raked in from all the losers!
I’m always amazed at the over-the-top glitz and glamour of The Strip. But I have to remind myself who paid for it all.
Bellagio, Venetian, Wynn, New York New York, MGM Grand, Paris, Bally’s, Treasure Island, Caesar’s Palace — all of them were built from the billions of dollars gamblers dropped on the slots, craps, and blackjack tables.
That’s the reason investing in casino stocks has paid off so well over the years.
