Not all Casinos will make money; nor are they a good idea!

Usually, when a 'Want-to-be Casino owner' comes to town, and they acquire a 'casino property' for the "it's a good price" reason, I become very skeptical about them.

The reason is that just after closing, they finally come to the realization that they bought the wrong property in the wrong location for more than it is worth!

This happened in Atlantic City, too!  Buyers of Casinos there -- with very little knowledge about the casino business in general -- were claiming they were able to buy a casino 'for the right price' and then for some strange reason, just after closing the sale, they found that they weren't making any money.  And, the cost to run the casino was much higher than they anticipated.

Just so everyone knows: Not all casinos are going to make money.

It is well known that Atlantic City's casino problem has been compounded by that fact that local casinos in states surrounding Atlantic City were the primary reason for Atlantic City's casino demise.

In Las Vegas, there is only one area where you will be spending Billion$ for a property; and will have to in turn invest more Billion$ to bring the property back up to tourist standard to attract them to your property.  (But, most buyers believe that just by putting paint and carpet in will suffice -- when it doesn't.)

Even in the State of Nevada, there are examples of casino properties that have been hurt by California casinos.  Take Laughlin, NV for example.

Laughlin, NV casinos went into overbuild mold that -- well just wasn't needed.

http://www.reviewjournal.com/business/laughlin-s-abandoned-emerald-river-resort-remains-eyesore

Now, are there resort casinos worth acquiring? Of course!

Right now, there are properties worth buying.  You just have to have the Billion$ to be able to acquire them.  You have to have the capacity to close, and, you will have to re-invest money into bringing them back up to date!

Recently, a motel owner asked me to meet him because he wants me to help him to turn his (poorly located) motel into a high rise resort casino.  I told him there is a severe lack of funding for high rise projects.  He wasn't convinced that I was telling the truth.  (I hate when that happens.)  So, he is moving ahead.

So sad.  Because he is going to invest thousands into architectural fees and permits to find he has an expensive time restricted county approval with no ready and willing buyers lined up -- because the banks foolishly fell for the first wave of condo/hotel tower ownership, and lost big time on it.  It was all a waste of money.

Now, if you still have the itch to acquire a Las Vegas Resort Casino Hotel, and you have Billion$ burning a hole in your pocket, and no matter what anyone tells you, you still have a Resort Casino Hotel is in your sites, then you had better contact me; or, click on the Las Vegas Casino Information button.  Download my form, sign it and email it back to me.

Then, we can start discussing which properties would be ripe for acquisition.

PS: European Casino Brokers don't have the internal contacts in Las Vegas that I have.

Contacting David Howes is easy -- either by: davidATdavidhowesDOTnet OR call him at: 70 25 01 93 88 AND Follow David on Twitter: @DavidAHowes

John Dean says Trump will breach Presidential Oath of Office!

A lot of you out there probably don't know just WHO John Dean is.

For a long time, I thought he (could be) was Deep Throat* within the Nixon Administration. (It turns out he was NOT.)

Anyway, if there is one person who can read through the BS that Trump is spinning, it's John Dean -- having done this, and did that for Richard Nixon.

This article describes just "How" Trump is using (conning?) Americans into thinking he is capable of being President of the United States when in actuality he is NOT.

http://www.newsweek.com/john-dean-gutless-press-still-giving-trump-free-pass-536478

And like most of Trump's critics, we know Trump is not qualified to be president -- we just can't convince the Non College Educated White Person of this -- yet!

*Deep Throat was Bernstein's and Woodward's inside source that helped them bring down Richard Nixon's presidency. 

Will we need a Deep Throat inside of Trump's Presidency?

Contacting David Howes is easy -- either by: davidATdavidhowesDOTnet OR call him at: 70 25 01 93 88 AND Follow David on Twitter: @DavidAHowes

My New New Year's Resolutions! Good Riddance 2016!

Making New Year's Resolutions is NOT something I usually do.  I figure it is a waste of my time.

That's not to say, I don't have goals I want to reach.  I do.  I just usually focus on them exclusively.

Goals, such as: two years ago, I had a personal goal to lose 35 lbs.  I finally made that goal -- even though it took me 18 months -- and I have been at that weight ever since.  (I need to reestablish that goal to lose a few more pounds.)

And, twenty-six months ago, I established a professional goal to sell a very large, piece of Las Vegas Gaming/Hotel Real Estate that I know could be acquired.  And, I almost had the goal accomplished when I found a buyer with the financial backing to make the purchase.  I am more than certain that they would have made the acquisition if not for a certain (phony) billionaire's hateful rhetoric while he was running for president.

And since this person's electoral college win, I have noticed a dramatic change in what people are posting to and replying to on LinkedIn.  There is so much hate being spewed on this site -- racial hate being focused on one particular person because of -- well if you are being honest -- his skin color.

From what I can tell, LinkedIn has digressed from what it was when it first started, and has devolved into a Facebook, Instagram site.  And, even other LinkedIn members have mentioned that postings and replies to postings in fact shouldn't be on a business web site like this.

Sure.  I have fallen for the bait, too.  But my main goal while being a member of LinkedIn was and has always been: helping a fellow business persons/companies acquire Las Vegas CRE Property.

Now, I did make some connections while I have been a LinkedIn member that I will most likely keep in my contacts forever.  But, going back over the actual closed deals I have made through the years, none of those closed deals could be traced back to any connection made while being a member of LinkedIn.

And, with that said, I think I will follow my wife's move that she made a few years ago: when she deleted her LinkedIn account.

At the time, my wife said, "LinkedIn wasn't getting her any business;" and she found it "a waste of time."

Recently, with the aforementioned racial hatred being posted on LinkedIn, I am inclined to agree with her.  And since LinkedIn is rapidly becoming a racial hatred site, I don't want any part of it anymore.

I do blame Don for this sudden change in racial tension.  I do blame Don's hateful rhetoric for killing my large deal.  And, I blame his Electoral College win of the presidency on this, too.

And, more recently, I've noticed that LinkedIn members -- who do have a lot more education than most of the Non-College Educated Americans who voted for Don -- are now reciting the same hateful rhetoric as if it is now okay to come out of the racial prejudice closet.

So, what's left for me?  Well, I need to make a new New Year's Resolution!

Since most of my deals have come from my own hard work; and, they were never, ever reliant on a business web site, I am probably going to do what I should have done a long time ago: follow my wife's lead.  (She is a lot smarter than I am.)

So, my new New Year's Resolution is: By years end, I will have most likely canceled / deleted my LinkedIn account.  (I would do it sooner, but I want to see what the posting/replies will be to this post.) (Curiosity killed the cat, right?)

Why cancel?  Because being a member of LinkedIn hasn't made me any money at all.

HAPPY NEW YEAR!

Contacting David Howes is easy -- either by: davidATdavidhowesDOTnet OR call him at: 70 25 01 93 88 AND Follow David on Twitter: @DavidAHowes