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Welcome to The Las Vegas Newsletter!

In today’s edition:

• Downtown Las Vegas hotel-casino seeks buyer.

• Upcoming Las Vegas Aces match

• A deep dive into the life of Jay Sarno

• And more…

Quote of the Week

“Go as far as you can see; when you get there, you’ll be able to see further.”

—Thomas Carlyle

Sponsored

Yes, this platform’s 77% return is an outlier – but the rest may surprise you

The news is true: Masterworks’ 15th sale just weeks ago returned an impressive 77% to investors. While such a high return is an outlier for the blue-chip art investing platform, you might be wondering what their prior sales delivered. Glad you asked… 

Every one of their sales has returned a profit to investors, with 12 of them delivering double-digit returns, and 1 delivering triple-digit annualized returns. 

In full, Masterworks has over 300 paintings and their 16 exits have delivered: 32%, 39.3%, 36.2%, 27.3%, 9.2%, 33.1%, 21.5%, 17.8%, 13.9%, 35%, 10.4%, 325.5%, 4.1%, 17.6%, 77.3%, and 13.4% net annualized returns. 

Every sale but one outperformed the stock market in the period from when it was offered to when it was sold. 

With performance like that, offerings on the platform can sell out in minutes. However, Local News Newsletter readers can skip the waitlist to join with this exclusive link.

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!

Which Las Vegas show is famous for its synchronized swimming and elaborate water stage?

A) Cirque du Soleil's O

B) Le Rêve

C) Blue Man Group

D) Penn & Teller

Answer to Last Week’s Trivia:

The Sahara closed its doors for renovations and rebranding in C) 2011.

News

💼 Business

Downtown Las Vegas hotel-casino seeks buyer. (Link)

Employees at off-Strip hotel-casino say air conditioners are out. (Link)

🏒 Sports

NBA star nurses injury, but can’t quit Olympics: ‘It’s truly an honor’. (Link)

Raiders to hold two free open practices at Allegiant Stadium. (Link)

🏦 Finance

Which Las Vegas Valley Albertsons could be sold in a supermarket merger. (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

🏀 NBA Summer League - Day 2 (General Admission)
Thomas and Mack Center, Las Vegas
Saturday, Jul. 13th | (More info)

🏀 Chicago Sky at Las Vegas Aces
Michelob ULTRA Arena, Las Vegas
Tuesday, Jul. 16th | (More info)

Music & Concerts

🎵 Borgore
We All Scream, Las Vegas
Thursday, Jul. 11th | (More info)

🎵 Lil Wayne
Zouk Nightclub, Las Vegas
Friday, Jul. 12th | (More info)

Family

🎭 House Of Magic Las Vegas
425 Fremont Street, Las Vegas
Friday, Jul. 12th | (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 “Futuristic Las Vegas with a focus on sustainability and renewable energy” 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

1948: The first flight at McCarran Field (now McCarran International Airport).

In 1948, a historic milestone was achieved at McCarran Field, which is now known as McCarran International Airport. This significant event marked the first flight to take off from the newly established airport, signaling the beginning of a new era in aviation for Las Vegas. The inaugural flight not only symbolized the city's growing prominence as a travel destination but also laid the foundation for the airport's future as a vital hub for domestic and international air travel.

The year 1948 holds a special place in the history of McCarran International Airport, as it represents the dawn of a new era in air transportation for Las Vegas. The first flight from the airport marked a pivotal moment in the city's development, as it opened up opportunities for increased connectivity and accessibility. This event set the stage for McCarran International Airport to become a key player in the aviation industry, serving as a gateway to the vibrant and dynamic city of Las Vegas.

As the first flight took off from McCarran Field in 1948, it signified the beginning of a transformative journey for the airport and the city it serves. The historic flight not only showcased the potential for growth and expansion but also highlighted the significance of air travel in shaping the identity of Las Vegas. This momentous occasion laid the groundwork for McCarran International Airport to evolve into a world-class aviation facility, playing a crucial role in connecting Las Vegas to the rest of the world and contributing to the city's ongoing legacy as a premier destination for travelers.

Famous People In Las Vegas History

Jay Sarno (1922–1984):

Jay Sarno's name may not be widely recognized by the average tourist on the Las Vegas Strip, but his legacy is deeply woven into the fabric of the city. His contributions to the evolution of Las Vegas are significant and deserve to be remembered. Sarno's achievements, including the creation of themed megaresorts, have left an indelible mark on the city's landscape and have played a pivotal role in shaping modern Las Vegas.

Early Life and Entrepreneurial Spirit

Jay Sarno, born in 1922, was a visionary hotel and casino developer whose innovations had a major impact on the Las Vegas, Nevada casino hotel industry. His entrepreneurial spirit and bold vision led him to revolutionize the concept of resort and casino entertainment in Las Vegas. Sarno's creative approach to hospitality and entertainment laid the groundwork for the transformation of the city into a global entertainment hub.

Creation of Caesars Palace

In 1966, Jay Sarno opened Caesars Palace, the first truly themed resort on the Las Vegas Strip. This iconic establishment set a new standard for luxury and entertainment, captivating visitors with its opulent Roman-inspired architecture and lavish amenities. Caesars Palace became a symbol of extravagance and grandeur, attracting high-profile guests and redefining the concept of a luxury resort in Las Vegas.

Innovative Family-Themed Casino

Two years after the opening of Caesars Palace, Sarno introduced Circus Circus, the first family-themed casino on the Las Vegas Strip. This groundbreaking concept catered to a broader audience, offering entertainment and attractions suitable for families and children. Circus Circus represented a departure from the traditional casino model, showcasing Sarno's forward-thinking approach to diversifying the city's entertainment offerings.

Visionary Impact on Las Vegas

Jay Sarno's visionary approach to resort development and entertainment had a profound impact on the evolution of Las Vegas as a global entertainment destination. His innovative concepts and themed megaresorts paved the way for the city's expansion beyond the iconic Strip, shaping the future of the Las Vegas entertainment district. Sarno's influence continues to resonate in the city's landscape and hospitality industry.

Legacy and Recognition

Sarno's legacy as a pioneering hotelier and creator of iconic Las Vegas landmarks remains an integral part of the city's history. His contributions to the hospitality and gaming industry have been celebrated and acknowledged as instrumental in shaping the modern identity of Las Vegas. The enduring impact of Caesars Palace and Circus Circus serves as a testament to Sarno's enduring legacy in the city he helped transform.

Key Achievements of Jay Sarno:

• Creation of Caesars Palace, the first truly themed resort on the Las Vegas Strip.

• Introduction of Circus Circus, the first family-themed casino, diversifying the city's entertainment offerings.

• Visionary impact on the evolution of Las Vegas as a global entertainment destination.

• Enduring legacy as a pioneering hotelier and creator of iconic Las Vegas landmarks.

• Recognition for shaping the modern identity of Las Vegas through innovative resort development.

In summary, Jay Sarno's entrepreneurial spirit and visionary approach to resort development left an indelible mark on Las Vegas. His creation of Caesars Palace and Circus Circus revolutionized the city's hospitality and entertainment landscape, shaping its identity as a global entertainment hub. Sarno's enduring legacy continues to inspire and influence the evolution of Las Vegas as a premier destination for luxury and entertainment."

Connect With Me

If you want to connect, reply to this email and let me know what you think.

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

-Matthew Larsen