Nick Martell

They're all down since 2018.

Because that is when the Supreme Court ended the ban on sports betting and let states legalize it.

Vegas went from Sin City to just another city.

Prediction markets, Jack?

That's just more gambling competition for the old school.

Predicting competition.

Well put, well put.

But yesterday, one famous tech investor offered 18 billion bones to buy MGM Resorts.

MGM, it owns 40% of the casinos on the Las Vegas Strip.

One out of two overpriced shows on the Strip, brought to you by MGM, baby.

Even wilder though, last week, a famous billionaire acquired Caesars Casinos, also for $18 billion.

So Jack and I got to pause the pod for a sec.

Jack, where's the money going right now?

Physical casinos.

Why are they splurging on physical casinos when everyone can gamble on their phones?

Well, for that insight, you're going to have to wait for the takeaway.

Because what Jack and I find more fascinating is the buyer, a man named Barry Diller.

Barry Diller is 84, but his resume looks like the home screen of a 28-year-old's iPhone.

Because Barry had a legendary career as a TV and movie studio exec, greenlighting The Simpsons for Fox.

It's said that Mr. Burns on The Simpsons was modeled after Barry Diller.