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Welcome to The Las Vegas Newsletter!

In today’s edition:

• Popular Chinese restaurant to open Palace Station location.

• Upcoming Las Vegas Aces match

• A deep dive into the life of Jack Benny

• And more…

Quote of the Week

“Success is no accident. It is hard work, perseverance, learning, studying, sacrifice and most of all, love of what you are doing or learning to do.” 

–Pele

Sponsored

Investors have trusted this platform with +$1bn - here’s why

Through COVID, soaring inflation, and today’s crushing interest rates, a group of enterprising investors have collectively entrusted one billion dollars from their portfolios to Masterworks’ art investing platform.

Why? Because the contemporary art Masterworks offers—from legends like Picasso and Banksy—has demonstrated a low correlation to the stock market, inflation resistance, and exceptional appreciation potential. Not to mention Masterworks has completed 23 successful exits to date, distributing over $60+ million in net proceeds to investors in those offerings.

These investors didn’t need art expertise to diversify with blue-chip art, because Masterworks does all the heavy lifting, finding artists with appreciation potential (buying <3% of works offered) and then breaking an art offering into shares for you. If Masterworks sells a piece again for a profit, investors get a return. With 3 illustrative sales, Masterworks investors have realized net annualized returns of +17.6%, +17.8%, and +21.5%.

With 65,000+ investors, offerings can sell out quickly. Luckily, you can get priority access here.

Past performance is not indicative of future returns. Investment involves risk.

Disclosures:

The content is not intended to provide legal, tax, or investment advice.

No money is being solicited or will be accepted until the offering statement for a particular offering has been qualified by the SEC. Offers may be revoked at any time. Contacting Masterworks involves no commitment or obligation.

Contemporary art data based on repeat-sales index of historical Post-War & Contemporary Art market prices from 1995 to 2023, developed by Masterworks. There are significant limitations to comparative asset class data. Indices are unmanaged and a Masterworks investor cannot invest directly in an index. 

Net proceeds distributed back represents the total liquidation proceeds distributed back to investors, net of all fees, expenses and proceeds reinvested in Masterworks offerings, of all works Masterworks has exited to date.

See important Reg A disclosures at masterworks.com/cd.

Las Vegas Trivia

Here is your trivia question of the week. The answer will be shown in next week’s newsletter. Which do you think it is? No cheating!

In which Las Vegas hotel is the Cirque du Soleil show Michael Jackson ONE performed?

A) Mandalay Bay

B) The Mirage

C) Luxor

D) MGM Grand

Answer to Last Week’s Trivia:

The famous Las Vegas race track that hosts NASCAR events is A) Las Vegas Motor Speedway.

News

💼 Business

Popular Chinese restaurant to open Palace Station location. (Link)

Contracts for A’s ballpark on Strip ‘rounding third and heading home. (Link)

🏒 Sports

Henderson team prepares for second Little League World Series game. (Link)

Raiders rookie excited to be back after missing most of camp. (Link)

🏦 Finance

The way you buy or sell a home in Las Vegas is about to change dramatically. (Link)

Upcoming Events

Here are some events that are happening in our city this week. There is a good mix between sports, entertainment, conferences, concerts, and more.

Sports

🏀 Atlanta Dream at Las Vegas Aces
Michelob ULTRA Arena at Mandalay Bay Resort & Casino, Las Vegas
Friday, Aug 30th | (More info)

🏀 Chicago Sky at Las Vegas Aces
T-Mobile Arena, Las Vegas
Tuesday, Sep 3rd | (More info)

Music & Concerts

🎵 Bruno Mars
Dolby Live at Park MGM, Las Vegas
Friday, Aug 23rd | (More info)

🎵 KREAM
Marquee Dayclub, Las Vegas
Sunday, Aug 25th | (More info)

Family

🧒 Young Kids and Screens: Raising Healthy Kids in a Digital World
3150 North Tenaya Way #suite 114, Las Vegas
Thursday, Aug 22nd | (More info)

Image of the Week

Every week, I have a habit of making some AI art about our city.

This week, I typed in “An architecturally symmetrical Las Vegas” and this is what I got.

Let me know what ideas you have for this. I really enjoy making these types of photos.

Las Vegas History

1931: The Pair-O-Dice Club opens on Highway 91, pre-Strip gambling.

In 1931, the Pair-O-Dice Club opened its doors on Highway 91, marking the beginning of pre-Strip gambling in Las Vegas. This iconic establishment was the first gambling establishment on the Strip to receive a gaming license after Nevada legalized gambling on March 19, 1931. The Pair-O-Dice Club quickly became a popular destination for those seeking entertainment, gambling, and liquor, despite the fact that both gambling and liquor were illegal at the time. The club's location on Highway 91, later known as Las Vegas Boulevard, made it a significant landmark in the city's early history.

The Pair-O-Dice Club underwent several name changes and ownership transitions over the years, evolving into a hub of entertainment and excitement. In 1939, it was rebranded as the 91 Club, reflecting its location on Highway 91. The club's influence and significance in shaping the future of the Las Vegas Strip cannot be overstated, as it laid the foundation for the vibrant entertainment and gambling scene that would later define the area. The opening of the Pair-O-Dice Club in 1931 marked the beginning of a new era for Las Vegas, setting the stage for the development of the iconic Strip we know today.

The Pair-O-Dice Club's legacy lives on as a testament to the city's rich history and the pioneering spirit of early Las Vegas entrepreneurs. Its role in shaping the landscape of pre-Strip gambling and entertainment has left an indelible mark on the city's cultural and historical narrative, making it a significant milestone in the evolution of Las Vegas as a world-renowned entertainment destination.

Famous People In Las Vegas History

Jack Benny (1894–1974): Comedian, vaudevillian, and actor, performed in Las Vegas.

Jack Benny, born Benjamin Kubelsky on February 14, 1894, was an American entertainer who evolved from a modest success playing the violin on the vaudeville circuit to one of the leading entertainers of the twentieth century with a highly popular comedic career in radio, television, and film. He brought a relationship-oriented, humorously vain persona honed in vaudeville, radio, and film to television in 1950, starring in his own television series from that year until 1965. Benny's long radio career began on April 6, 1932, when the NBC Commercial Program Department auditioned him for the N. Jack Benny Program. His career spanned several decades, and he is remembered as one of the most beloved American entertainers of the 20th century. Jack Benny passed away on December 26, 1974, leaving behind a legacy of laughter and entertainment.

Early Life and Vaudeville Career (1894-1932)

Jack Benny was born Benjamin Kubelsky on February 14, 1894, in Chicago, Illinois. He was raised in Waukegan, Illinois, where his father operated a saloon and later a dry goods store. It was during his early years that Benny discovered his passion for music and comedy. He began playing the violin at a young age and soon found himself performing in vaudeville shows. His talent and comedic timing quickly gained attention, and he became a modest success on the vaudeville circuit.

Radio and The Jack Benny Program (1932-1955)

Benny's career took a significant turn in 1932 when he auditioned for the NBC Commercial Program Department and was selected for the N. Jack Benny Program. This marked the beginning of his long and successful radio career. The Jack Benny Program, which ran from 1932 to 1955, became a high-water mark in 20th-century American comedy. Benny's unique comedic method and expert timing made him a legendary success in U.S. radio for over two decades. His humorously vain persona and witty banter with his cast members endeared him to audiences across the nation.

Transition to Television and Film (1950s-1960s)

In 1950, Jack Benny made a seamless transition to television, starring in his own television series until 1965. The show brought his relationship-oriented humor to a new medium, further solidifying his status as a leading entertainer. Additionally, Benny's comedic talent extended to film, where he appeared in various movies, showcasing his versatility as an actor. His on-screen presence and comedic timing made him a beloved figure in the entertainment industry.

Connection to Las Vegas

Jack Benny's connection to Las Vegas is notable through his involvement in the entertainment scene. He performed in Las Vegas, captivating audiences with his comedic prowess and musical talent. His performances in Las Vegas contributed to the city's vibrant entertainment culture, leaving a lasting impression on the local community and visitors alike.

Legacy and Enduring Influence (Post-1965)

After the conclusion of his television series in 1965, Jack Benny's legacy continued to resonate with audiences. His impact on American comedy and entertainment remained significant, and he is remembered as one of the most influential entertainers of his time. Benny's unique comedic style, characterized by his humorous vanity and impeccable timing, continues to inspire comedians and entertainers to this day.

Key Achievements of Jack Benny:

• Highly popular comedic career in radio, television, and film, spanning several decades.

• The Jack Benny Program, a high-water mark in 20th-century American comedy, running for over two decades on radio.

• Seamless transition to television, starring in his own television series from 1950 to 1965.

• Notable performances in Las Vegas, contributing to the city's vibrant entertainment culture.

• Enduring influence on American comedy and entertainment, inspiring future generations of comedians and entertainers.

Jack Benny's story is one of comedic brilliance, enduring influence, and a lasting legacy in the world of entertainment. His contributions to comedy and entertainment continue to be celebrated, and his impact on the entertainment industry remains timeless.

Connect With Me

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I would love to hear from you. Don’t be shy.

-Matthew Larsen