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It All Adds Up

A friend, Jake Jacobs, posted in passing on a Facebook page recently that he’d been active in car rallyes in the Chicago area way back when. Some of them were time-speed-distance events where you were timed and crossing a checkpoint 30 seconds early was as bad as 30 seconds late — but both were better than 40 seconds either way.

The other type of rallye was called a gimmick rallye, where time was not a factor, although you had to finish by such-and-such a time because that’s when awards were passed out. You were scored on the basis of your answers to questions, such as, “What is the name of the first street you pass on the right?” or, “How many streetlights do you pass between xxx and yyy?” There was always some sort of trick in the rules leading many participants to get the wrong answer.

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Adelson, Packer canoodle & other news

While America burns, Sheldon Adelson is fiddling in the French Caribbean, aboard his mega-luxury yacht. The vessel was moored next to that of James Packer, who welcomed Adelson as guest for his lavish New Year’s Eve celebration. This meeting of the moguls only served to further fuel speculation that Sheldon is cutting a deal with Crown Resorts to buy Venelazzo. If so, it would be the first astute business move Packer has made in the United States, where his previous atttempts to crack the market—especially in Las Vegas—were a shambles, placing bets on every three-legged horse in sight. Of course, Packer would have to get Nevada regulators to overlook that little matter of being unable to get a Sydney casino license …

Remember how casinos in Japan were supposed to be open in time for the 2020 Olympic Games? And how the games were postponed until this year? And how there is still no opening date for the casinos, if ever? Well, the Olympiad is already $7.2 billion over budget and hasn’t been held yet. This exceeds the record, $6 billion overage of the 2012 London games, proving that Olympic incompetence is nothing new. (By percentage, the worst excess was 1992 Barcelona‘s 266% overrun.) Not only is the Japanese government quibbling with the International Olympic Committee over who should pick up the $2 billion of the tab related to Coronavirus postponement, the Nipponese public is getting restive: 34% of survey respondents favor outright cancellation, while another 36.5% want additional delay. 75% think Coronavirus is not going to be tamed anytime in the immediate future. The only recent Olympiad to come in remotely close to budget was Athens in 2004, which goes to show you can’t beat the ancestral home of the games.

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Quote of the Day

“This is not déja vu. This is something far worse than occurred in Watergate. We have a criminal president of the United States in Donald Trump and a subversive president of the United States at the same time in this one person, subverting the very basis of our democracy and willing to act criminally in that subversion … In any other presidency, this tape would be evidence enough to result in the impeachment of the president of the United States.”—former Washington Post reporter Carl Bernstein, who knows from Watergate.

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This just in …

MGM Resorts International is all over the news today. It just made a play for BetMGM partner Entain. It’s offering a stock swap of six-tenths of a share of MGM for every share of Entain, a transaction that Credit Suisse analyst Ben Chaiken values at $11 billion. “Entain has informed MGM that it thinks the offer significantly undervalues the company and future growth,” Chaiken continues. He called the increased commitment by MGM to online sports betting and to i-gaming (a party to which MGM was late) a “clear positive” but adds that the proposed deal is “not particularly needle moving to MGM as part of the overall conglomerate. It sounds like Entain has asked MGM to come back to them with more robust rationale for the business combination, and presumably a higher offer.”

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Slow news day

It’s nice to see that the Las Vegas Golden Knights are set to return to the ice … but with Covid-19 positivity rates in Nevada having just passed 21%, is this any time for companies like MGM Resorts International to be touting—or even contemplating—pool season? For that matter, why has Gov. Steve Sisolak (D) seemingly gone into hiding during this dumpster fire?

In other sports news, the Las Vegas Raiders were dealt the ultimate diss by Fox Sports, which didn’t even bother to post score updates on its ticker of the Silver and Black’s exceedingly narrow but meaningless win over the Denver Broncos, which enabled the Raiders to end the season at 8-8, salvaging pride but little else.

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Quote of the Day

“It is difficult to conceive of a more anti-democratic and anti-conservative act than a federal intervention to overturn the results of state-certified elections and disenfranchise millions of Americans. The fact that this effort will fail does not mean it will not do significant damage to American democracy.”—former Speaker of the House Paul Ryan.

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2020: Rise of the Machines

by James Grosjean

Count me among the Netflix drones who loved The Queen’s Gambit (2020), but I’ve always been a chess enthusiast. During my college years, I probably ate a thousand chocolate croissants while watching the quirky, magnificent Murray Turnbull (aka “The Chess Master”) take on all comers in the town square—“$2, refund if you win or draw.” It was my honor to capture a photo of the great Karpov framed by the stained glass of Memorial Hall when he did a 40-board simul on campus. I was part of the student press when Kasparov made his then-controversial statement that a computer would be grand champion before a woman would be.

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Quote of the Day

“In these United States, when someone loses an election according to the constitutional processes, he is obligated to accept the loss. Otherwise, we live in lawless anarchy. Rejecting anarchy, and accepting the dictates of the Constitution, is no less than what [Sen. Ben Sasse (R)] says: It is ‘what self-government requires.'”—from a Washington Examiner editorial.

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A Life Changing Book

Someone recently mentioned that one of the characters in the book, The Ultimate Edge, was based on himself. This book, written by Mark Billings, talks about blackjack in the 80s. It includes some insider tips that I haven’t seen elsewhere and ends with a discussion of the main characters’ best play.

I read the book in preparation for a Gambling with an Edge visit from the author on April 4, 2013 and came across one tiny throwaway section that has brought a lot of fun to my life. I wrote about it back then, but since I’m sure many of my readers didn’t read that particular column 7½ years ago, I’ll repeat the fun part here.

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Since You Asked—The Price Is Right

I’m a huge fan of “The Price Is Right.” In fact, I’ve traveled to California several times to try to get on the show. I got to see both Bob Barker and Drew Carey, but alas, I’ve never been picked to come on down.

If you don’t want to go to California, or if you’re in Vegas anyway, you can get a good taste of “TPIR” at Bally’s Jubilee Theater, with the stage version of the show (when it’s running; currently, it’s not).

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