Binion's Pays $8 Million A Year For Land It Doesn't Own

Binion's Pays $8 Million A Year For Land It Doesn't Own The dirt underneath it belongs to seven separate entities — a gaming company, a realty outfit, a family limited partnership and a stack of trusts. That is the actual reason the place is frozen in time. A $48 million renovation got floated in 2019 and quietly died, because no investor on earth wants to negotiate with seven landlords at once. Down the street it's the opposite. Derek Stevens owns his dirt — he paid $13.5 million for one 0.08-acre holdout parcel to finish assembling Circa. Even he doesn't own all the land under the Golden Gate. It's a wackadoodle jigsaw puzzle, and a pretty complete explanation of why some downtown casinos get rebuilt and others get a fresh coat of paint. Also this week: the Boring Company says it's doubling the number of Vegas Loop stations by year's end, which is impressive given it hasn't finished the first fourteen. A decorated Metro officer got booked on theft, burglary and perjury. Every AI CEO on earth asked the government to regulate them, and we work out the three things that are all true about that at once. Three hikers let Gemini plan a Mount Shasta climb and had to be carried off it. And the Golden Gate put a window into a 70-year-old beam so you can see the name this town used to go by. Drew, Slider and Mental. Three guys who actually live here. ⏱ IN THIS EPISODE 00:00 Cold open00:52 The intro read01:17 The Emmys: Apple cleaned house, Netflix didn't02:13 Is Widow's Bay really a comedy?03:28 The Boring Company is doubling the Vegas Loop04:07 To the airport by tunnel, robotaxi, flying car, and helicopter04:42 Fremont Street land ownership is a wackadoodle jigsaw puzzle05:03 Binion's, seven owners, and $8 million a year05:28 A Metro officer booked on theft, burglary and perjury06:13 Why we still think Metro mostly gets it right06:55 Military discipline and the word "fuck stick"07:58 "Cussing shows a lack of intelligence, Lieutenant"08:49 AI: will it save us or destroy us09:25 Every CEO asked to be regulated. The government said self-regulate.10:04 Three things that are all true at the same time10:42 Screw Flock11:06 Why the companies in the lead want the rules written now12:12 Three hikers let Gemini plan a Mount Shasta climb12:57 Everyone walking down the mountain told them to turn around14:08 "You don't want to date me, I'll destroy you"15:00 The Matrix, Terminator, and the Oppenheimers of our time17:28 Iron Mike Legacy is coming to the Flamingo18:41 The Empire Strips Back, and other research we've done19:50 The Golden Gate's new high-limit room20:40 Sal Sagev is Las Vegas spelled backwards21:39 They put a window in the beam22:16 Come to Las Vegas and see a load-bearing beam22:26 The verdicts23:38 Outro 🎰 ABOUT SIN CITY SPIN Three longtime Las Vegas friends — Drew Masur, Jason "Slider" LeDuc and Christian "Mental" Ward — with an irreverent, sharp, real-world take on the week's headlines. The Weekly Absurdity Rundown, from Vegas to the void. We live here. We're not reading you a brochure. 💬 TELL US WE'RE WRONG Disagree, correct our math, or find out where the good tacos are.📧 ⁠sincityspin.podcast@gmail.com⁠📱 Text us: (702) 721-7328Facebook · Instagram · Reddit · the thing formerly known as Twitter 🔗 WHAT WE READ Fremont Street casino land ownership — Vital VegasVegas Loop stations to double by year-end — TeslanorthMetro officer arrested on theft, burglary, perjury — Review-JournalHikers rescued after planning a climb with Gemini — TechCrunchIron Mike Legacy debuts at the Flamingo — CaesarsGolden Gate expands high limit — Vital Vegas Subscribe if you live here. Subscribe if you're visiting. Don't do crimes. #LasVegas #Vegas #Binions #FremontStreet #DowntownLasVegas #BoringCompany #VegasLoop #MikeTyson #GoldenGate #AI #Gemini #VegasPodcast #SinCitySpin