Business Wars The Birth of Vegas | Gambling on the Future | 6
12 snips
Aug 30, 2021 Las Vegas undergoes a dramatic transformation from a mob-driven gambling haven to a family-friendly amusement park. Steve Wynn leads this shift, pushing luxurious resorts and attractions. However, the gamble proves risky as Vegas faces financial turmoil and changing visitor preferences. The rise of opulent resorts coincides with tragic events, highlighting the delicate balance of business in this iconic city. The saga of corporate rivalries and the impact of the 2008 crisis reveals the complex evolution of Sin City, showcasing its enduring allure and challenges.
AI Snips
Chapters
Books
Transcript
Episode notes
Billy's Vegas Dream
- In 1994, an 11-year-old boy named Billy chose to watch "Treasure Island: The Adventure Begins" instead of "America's Funniest Home Videos".
- This TV show, disguised as an infomercial for Steve Wynn's Treasure Island hotel, depicted a family-friendly Vegas.
Vegas's Identity Crisis
- Steve Wynn's family-friendly vision for Vegas contradicted its established image as an adult playground.
- This shift aimed to attract families, offering a new "American Dream" with diverse entertainment options.
Mobsters' Lament
- Mobsters Frankie and Carmine lament the changing landscape of Vegas, from gambling to themed resorts.
- They criticize the trend of family-friendly attractions and luxury boutiques, wondering where it leaves them.
