Digital Social Hour - The Shocking $22M Casino CEO Scandal Revealed! | Vegas Pauly C DSH #633

Episode Date: August 14, 2024

🎲 **The Shocking $22M Casino CEO Scandal Revealed!** 🎲   Get ready to uncover the jaw-dropping truth behind the $22M Casino CEO scandal! 😱 In this explosive episode of the Digital Social Hour, Sean Kelly sits down with the most viral personality in Vegas right now, Vegas Pauly C! 🌟   Tom Reeg's controversial statement about closing lounges and sending patrons to McDonald's has sparked outrage. How could a CEO making $22M a year refuse to feed his own patrons? 🤯 This scandal has rocked the Vegas casino world, and Vegas Pauly C is here to spill all the details. From heated encounters with casino hotels to the inside scoop on the Durango video takedown, you won't believe the twists and turns in this story! 🎥   Tune in now for a deep dive into the fascinating world of casino gaming. Packed with valuable insights, this episode is a must-watch for anyone interested in the high-stakes drama of Vegas! 🎰   Don't miss out – join the conversation and uncover the secrets that casinos don't want you to know. Watch now and subscribe for more insider secrets. 📺 Hit that subscribe button and stay tuned for more eye-opening stories on the Digital Social Hour with Sean Kelly! 🚀   #DigitalSocialHour #SeanKelly #Podcast #CasinoScandal #TomReeg #VegasPPaulyC #CasinoDrama #ApplePodcasts #Spotify #GamingIndustry #InsideScoop   #SteveWynnLegacy #CasinoIndustrySecrets #DigitalSocialHour #GamblingCulture #ControversialCasinoStories   CHAPTERS: 00:00 - Intro 00:35 - Why Casinos Dislike Players 05:58 - Best Hotel to Stay at in Vegas 13:06 - Least Profitable Hotel in Vegas 18:55 - Howie's Genetic Mutation: CCAATT 20:48 - Dopamine and Exercise Benefits 23:29 - Motivation: Giving Boosts Dopamine 25:20 - The Power of Laughter in Business 27:04 - Innovative Business Ideas 27:40 - Importance of Your Environment 31:55 - Embracing Your Authentic Self 33:20 - TikTok Earnings Explained 36:05 - Why You Shouldn't Take Casino Money 38:46 - The Dinosaur Incident 41:11 - Heather's Firing Experience 44:17 - Insights from the Magician Study 47:19 - Being Hamfisted in Communication 49:34 - Follow Paul on Instagram 50:05 - Outro   APPLY TO BE ON THE PODCAST: https://www.digitalsocialhour.com/application BUSINESS INQUIRIES/SPONSORS: [e-mail]   GUEST: Vegas Pauly C https://www.instagram.com/casinocompwallet   SPONSORS: Deposyt Payment Processing: https://www.deposyt.com/seankelly   LISTEN ON: Apple Podcasts: https://podcasts.apple.com/us/podcast/digital-social-hour/id1676846015 Spotify: https://open.spotify.com/show/5Jn7LXarRlI8Hc0GtTn759 Sean Kelly Instagram: https://www.instagram.com/seanmikekelly/ Learn more about your ad choices. Visit podcastchoices.com/adchoices

Tom Rigg made a statement in 2021 when he closed the lounges in the hotel casinos. He said, it's not our job to feed these people. Let them go to McDonald's on the way home. How in God's name could you be making $22 million a year and feel that you don't even want to go out of your way to feed your own patrons? That's what I cannot put together in my head. All right, guys, we got the most viral person in Vegas right now.

Thanks for coming on, man. I don't know if I'm the most viral. You got a lot of views, dude. I get a lot of engagement. I think people enjoy it. I try and make things interesting. I try and find things that I find interesting and other gamblers find interesting. Sometimes it comes together.

I like that you do it from an open mindset. You're not going in there with an agenda. Well, you know, I was just telling the girl that I met in the room in there. You know, you have situations where there are casino hotels that will not engage me. They do not like me. I use Station Casino as an example. Because even though they told me to take down a video of the Durango, and even though social media, they will not talk to me. And I'm sure they're no fan of Vegas Poli-C because when they made to take down a video of the Durango, and even though social media, they will not talk to me,

and I'm sure they're no fan of Vegas policy, because when they made me take down that video, I made fun of them for it. It's still an amazing corporation, amazing quality place. I don't care if they go online and they say, we hate Vegas, but it doesn't matter. The Red Rock, Green Valley, and the Durango, wow. I mean, when I went to the Green Valley, I said, this is one of the most beautiful places

I've seen in Las Vegas. This is better than 80% of the hotels on the Strip. Then I went to Red Rock and I went, oh my God, they have an even better one. And it's obviously the same architect at the Durango that they used at Red Rock because you can see the style outside and it's just an amazing place.

It's such a quality corporation. And they make money and they have a good capital structure. So it doesn't matter that they don't like me. Wait, what was the video that they wanted taken down? So this is what happened. I got an invite from a guy named Cameron who's a great guy.

He's a local guy in Vegas. He's a promoter. And he said, Vegas Policía, I'm at the Bel Air. Come down on Saturday night. Now the casino hotel was opening up on Tuesday. He said, come down on Saturday night. You can do a video of the casino

and you'll have a jump on everybody else. I said, okay. I ran down there with Jose the taco guy, my partner. He drove me over there and I went inside and I met Cameron in Bel Air and I said, okay, Cameron, I'm going to go do my video in the casino. The casino was not yet open. There were security guards everywhere but there was no signs that saying do not film. So I walked in the casino. The casino was not yet open. There were security guards everywhere,

but there was no signs that saying do not film. So I walked around the casino. I did six or seven minutes. This is the new casino at the Durango. It's beautiful. This is nice. That's nice. The other thing is nice. I was wiped out because I had done a lot of content creation that day. I went home. I went to sleep at nine o'clock. It already had a hundred thousand views. I woke up at three o'clock in the morning to 300 and some odd thousand views. I'm like, okay, because usually I do about four hours of sleep. And a DM from Station Casinos, you better take that video down. You are not authorized to film in our casino.

I went, okay. Now, the reason I go okay like that almost gleefully, almost joyfully is because now I have a story that I'm going to tell for the next 10 years, how stupid their social media is. What is the big deal if that casino video stayed up until Tuesday and jumped every other content creator? It was a positive video. They watched it. They watched me say how beautiful their casino was because it's a beautiful casino. And by Tuesday, it would have been up there. And so when I see stupidity like that, I talk about it. Dang, it's a beautiful casino. And by Tuesday, it would have been up there. And so that, you know,

when I see stupidity like that, I talk about it. Dang, that's a shame. So did they ban you or they just said take it down? They didn't ban me, but they don't talk to me. Because after that, and this is where I'm wrong, and this is the kind of stuff that the dinosaur hates. After that, I walked around saying,

Vegas policy doesn't need the Durango, which I don't. Do I need anybody? I'm not getting paid by a dollar by anybody. The around saying, Vegas policy doesn't need the Durango, which I don't. Do I need anybody? I'm not getting paid by a dollar by anybody. The Durango needs Vegas policy. So when I say that on my live to four, five, six hundred, I'm not stroking myself here, semi-rabid fans, you know, because I'm on the live all the time. Of course, they all go over to the Durango pages and go, Vegas policy doesn't need the Durango. The Durango needs Vegas policy.

They jump on that. So that's how you turn off people in Vegas. So because a lot of the stuff that I do is for comedy, a lot of the stuff that I do is for fun, a lot of the stuff that's – it's interesting to me. Someone said to me the other day, they said, oh, all your videos are negative. What casino properties are making money? I said, what are you talking about? Boyd is making great money. Red Rock is you talking about? Boyd is making great money. Red Rock is making great money. Wynn is

making great money. The Plaza is making money. The Strat is making money. You know, when you read the financials of these places. Strat's making money? Strat made 18 cents a share last quarter. Yeah, Strat's doing great because it has a decent capital structure. MGM did great last quarter. They're destroying

Caesars. But I find it interesting when you have a bad capital structure or completely incompetent management and they run a place into the ground. And I would include Caesars in there. Tom Rigg made a statement in 2021 when he closed the lounge. Are you tired of ordering on a menu in a different country only to be served snails? Why not actually speak the language and order what you want? That's where Babbel comes in. Speak like a whole new you with Babbel, the science-backed language learning app that gets you talking. Wasting hundreds of dollars on private tutors is the old school way of learning a new language.

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off your Babbel subscription, but only for our listeners at babbel.com slash social hour. That's 60% off at babbel.com slash social hour spelled B-A-B-B-E-L dot com slash social hour. Rules and restrictions may apply. In the hotel casinos, he said, and I'm quoting him directly from a conference call. No, it's not our job to feed these people. Let them go to McDonald's on the way home. Now, let me tell you what I find interesting about that. It's not the fact that he said it. I could see a nasty person saying that.

I could see a not talented person saying that. It's not the fact that he feels that way. This is what blows my mind. And it'll blow your mind, Mr. Producer, and it will blow your mind. How in God's name could you be making $22 million a year and feel that you don't even want to go out of your way to feed your own patrons? That's what I cannot put together in my head.

Like that – incredibly – we are all prisoners of our brain chemistry. But when I run into brain chemistry like that, it blows my mind. And there's other people in town with that kind of brain chemistry. Not a lot. But if you look at why is Steve Wynn successful? Why is Bill Hornbuckle successful? Why are these people successful? Well, because they're cool. Because they're like, okay, all right. If you watch Bill Hornbuckle getting interviewed, he's not a jerk. He's not uptight. Steve Wynn, he understood. There's secrets to casino gaming that

some executives don't know. I'm going to tell you the secrets now. Are you ready? Sure. When you have compulsive gamblers, now I'm a compulsive gambler. When you have gamblers, we are WVs. We are willing victims on the narcissism scale. The narcissist is the house and we are the willing victims. If you give to a willing victim as a powerful narcissist, that willing victim is going to feel guilty. That willing victim is going to feel shame. And they're going to say, oh, you know what? They gave me this sweet. They gave me all this food. They gave

me this alcohol. I'm okay giving them back $19,000. I can feel that viscerally in my soul. And I know that from other gamblers because I talk to gamblers all the time. And all they want is to be loved, believed in a little bit, the free room, the show, this, that, that. If you can give, and Steve gave, in fact, right now, Steve's corporate legacy continues over there at the

Wynn. I figured out this number by backing out their financials. A fascinating thing about giving and the Wynn is every single number that takes place at the win is on win corporate. So you can see how much money their slot machines won, how much money their table games won.

So you can actually figure out exactly how much money they give away in comps every day. Wow. And I say to people, how much money you think the win gives away in comps every day?

$1.45 million. What? So you say to yourself, well, Vegas policy. And the dinosaur accused me of only having one percent knowledge of the casino industry but okay i'm gonna and i'm going to use my one percent right now they don't pay casino taxes on the comps so they take their gross casino number they minus all the free drinks all the free food all the hard cash all the airline tickets out

of that and then they pay taxes on the leftover. So I take the gross of the win. I see what their taxable payment was. And that difference, that exclusion is their comps. So since they're excluding $42 million a month, which is $1.4 million a day, roughly, since they're excluding $42 million a month in tax payments, right? The percentage of tax payments, which is 7% of that roughly on the $42 million. I know what they're giving away in comps. Brilliant. That is smart. Wow.

Yeah, but the beautiful thing about the win is, and I believe this should be the law in Nevada, the beautiful thing about the win is all the numbers are right there. Now, if you go to any state in the union, there might be one exception but 95 of the states in the united states have every month they have every casino every online operator and their exact gross internet wow i didn't know that in fact new york state has it weekly so when mgm had problems with its cyber security i saw how much they dropped weekly in new york how much did it drop not as much as you would think about 20 i was shocked i couldn't believe that people with no card and no comps

would still go to Yonkers. That's their property. That happened in Vegas too, right? They got hacked. Or was that Sears? It happened all over. The entire property got hacked. And I have to tell you,

they handled it with class, dignity. The CEO gave a thank you afterwards. And to me, they barely suffered financially. When you look at the quarterly, the quarterly for mgm was a record quarter even with that hack that really says something about them they know what

they're doing yeah they do they would have a monopoly if they could they're kicking caesars took us yeah they really are caesars doesn't hit the same it doesn't and the amazing thing about the mgm is uh the rooms are just so much nicer because ste Wynn's legacy. Even Park MGM. That's a Steve Wynn property. Nobody really knows. Oh, I didn't know that. That's right. Nobody knows that.

Wow. He donated the land to Mandalay Bay Enterprises at the time. Mandalay built the building. But Steve was right there saying, I want the ceilings this way. I want the rooms that way. I want this. I want that. So it was a collaboration.

I've heard nothing but great things about him. It's very unfortunate what happened. But, you know, I mean, he kind of made his own destiny, right, with that? Yeah. I mean, you know, they have this thing, believe all women. When you have that many women coming forward, I mean, what are you going to do? Yeah. In your opinion, what is the best hotel in Vegas to stay at?

I mean, if you have the money and you, you know, it's funny. I ran into a guy in New York and no, no names, but he's a literal billionaire or the son of a literal billionaire. I mean, I know this for a fact because I Googled the family. Everybody says, you know who you just met with? And I'm like, no, I don't know who I met. But I Googled the family when I left. He comes in place to a million dollar credit line and he still

could not get into the villa for Super Bowl. Wow. Because that is the level of demand for the Wynn Encore. So the reason I tell you that story is if you have the money, it's certainly the Wynn Encore. Now in 19, I'm sorry, I'm dating myself a little bit. In 2017,

I could go to the Wynn with 50 grand. I could get a room in the tower suites. I could get comped. They were happy to see me. They actually, the only time in my life I've ever been in a Rolls Royce. They picked me up in a Rolls Royce at the airport. And it was the only time I've seen that. If I show up at the Wynn now with 50 grand, now this is already seven years later.

We've gone through COVID. We've gone through inflation. If I show up now with 50 grand at the win, it would probably not be possible to get a comp room on a Saturday night. Wow, that is crazy. Yeah, that's how high. Well, their daily revenue from rooms, their rev par is 2.6 billion.

Just off rooms? Just off rooms. So you have 2.6 billion divided by 3,700. Their average room rate is 750 a night. Damn, so they must be the most profitable hotel. They're killing it, yeah. Well, they're making a billion a year. Damn. So they must be the most profitable hotel. They're killing it. Yeah. Well, they're making a billion a year over there.

Holy crap. That's insane. I didn't know that. What's the least profitable hotel right now? Well, I mean, I do not have access to their numbers, but I've been in there and I've run the numbers in my head and I see what's going on. And I would say, now this is my opinion, so I don't want any lawsuits from anybody. I am talking out of my tuchus.

But I would have to say it's the Fontainebleau. Now, when I talk out of my tuchus, I want you to know that I'm speaking to five tenured casino execs at the same time. And so I run it by them. And I say, what's going on over at the Fontainebleau? Well, my friend works there and the this and the that. And you know what I mean? So, I mean, for instance, they told me that the occupancy rate there is 40%. Okay.

Do I know that for a fact? No, but this is a reputable casino exec who told me this. Right. You know, someone told me another number that I'm pulling out of thin air, please no lawsuits, is that their casino is only winning about 600,000 a day. This is what somebody told me

who knows somebody who works there. Is it true? I have no idea. But it makes sense to me because I've been in there and I've looked at the number of people playing and I've looked at the volume and it looks to me like a high six-figure number, just from experience. Do you think they're just too far off the strip? It's an hour-long conversation. That's a whole nother podcast. It's a whole nother podcast. I thought you were going to say Resorts World. No, Resorts World has cash flow of $200 million a year.

Oh. So Resorts World, very funny story. I love this story about Resorts World. I'm barred from Resorts World, by the way. Yeah, we got to talk about that. So this is the story with Resorts World. So Resorts World publishes its financials under Genting Burhard in Malaysia. So you go to the corporate website of Genting Burhard, and you are able to pull out the

financials quarterly and every quarter I would go to Genting Burrard like a baby, like a child, like an infant like a jerk, you know sometimes I'm obnoxious when I'm obnoxious I admit it every quarter I would go in there and I would read how they did in Las Vegas so they would have anywhere from 42 million to 55 million

I think I saw on the high end I saw as little as 30 million in cash flow. Now, that's their cash flow before depreciation in any interest. I know their capital structure. I could go into that in a second, but that might be too far into the weeds. So I would go and I would see the number and I would run down there. On February 27th, they were supposed to report the quarterlies this year. They reported them on February 28th. I go in there and they grouped, they scrubbed out their Las Vegas operations

and they grouped it into their North American operations. So they gave no detail for what happened in Las Vegas. But this is the mind-blowing part. This blows my mind. They went back every quarter back to open and scrubbed out their Las Vegas results and put

them into North America. I swear to God. Now, how do I know this? Because every quarter for the last six quarters, I've been in there looking at the number and running down and making a video about it. People are like, how do you know that? I'm like, because I just read it, six straight quarters. Wow.

So why do you think they did that? Well, I would take the number, which is generally 50 million. I would take the 50 million and then I would times it by four to get an annual, right? It was always around 50 million. It was as low as 30. It was as high as 55, but let's just use 50 million for ease of math. I would come up with 200 million. Then I would take the 200 million over a $4.3 billion investment and I'd get an ROI of 4.8%. And I would stand in front of the place and I would chortle. The return here is 4.8% on a $4.3 billion investment. They are borrowing money at 8.75%, which is true. They are going to lose their tuchus long-term unless they get their yield up.

They can't get their yield up because what happened was when they opened, they decided, hey, we're going to get $600 a night a room. We are a beautiful property. We're a premier property. We're the greatest thing since sliced bread. Delusion. It's the delusion I find fascinating. I find the delusion fascinating because I've been delusional so many times in my life. So when I see someone else who's delusional, I'm like, yeah, yeah, I've been delusional too. I know, I know. So they thought they were going to be unbelievable. Well, what happened is the marketplace quickly

told them they weren't going to get $600 a night. So they took their room rates all the way down to 150. When they took clean, decent, respectable, brand new rooms down to 150, the whole place filled up with young people who are looking for a clean, respectable, decent room. Plus Zouk is a decent nightclub or maybe even a good nightclub, right? So it filled up with young people. So now the analysts said to them,

you're never going to get any yield. In other words, if you're 28 years old, let's even use younger, because I was 23 the first time I came to Vegas. If you're 23 years old and you have a job and you love to gamble, you love Vegas, you want to have fun, and you can actually get it together.

Think about this. You can get it together to buy an expensive plane ticket. You can get it together to pay $150 a night for a hotel room. You can maybe bring your girlfriend. You've got $500 to gamble, and you're going to go and you're going to stay at resorts. In my book, you're already a huge winner. How many 23, 24, 25-year-olds can get it together on that level, get to Vegas, have a great time for three or four days, go to Zouk nightclub, maybe buy a bottle? To me, you're already in the top 1% of 23-year-olds. And I'm open to that number. Maybe it's 3%, but I'll tell you, it's not 10%. So you're already a winner.

But here's the thing. You can't go into your pocket and pull out another 10, 20, 30,000 to piss away on the roulette wheel at the blackjack table, at the crap table. So they filled up their entire hotel with that type of client. God love them. They're all winners. They really are. But they can't get the yield. Because the win has a more mature –

Well, the win has the kind of people who, if they get stuck $50,000, they can call up their secretary and say, can you wire another $50,000? Right. The kids that are at Resorts World, they're already happy. Wow, I went to Vegas. I brought my girlfriend. I had a few drinks. I went to a great nightclub. They don't have the need.

They don't have the ability to, but they also don't have the need to go. It's a younger crowd, and you can't get that yield out of a younger crowd. Right. What got you so interested in studying these numbers? Are you an investor? No. I was born with a genetic mutation called CCAATT. So there actually was a help group for it. I would love to get awareness out there about this, but unfortunately nobody really does

their genetics and takes them and sends them to prompt these. So Gary Brekker has an unbelievable video on this where he talks about, and I saw it, I almost fell over because he hits the nail right on the head. If you have a seven-year-old, an eight-year-old, a nine-year- about, and I saw it, I almost fell over because he hits the nail right on the head. If you have a seven-year-old, an eight-year-old, a nine-year-old, and he's sitting there playing video games for 12 hours, that child is trying to feel normal. That child is trying to get back to a place where it feels okay. And he said, you have a future addict on your hands. So when I was seven, eight, nine years old, we didn't have video games. Pong didn't come out until I was nine. And even then Pong was like, eh, take it or leave it. So I was seven, eight, nine years old, we didn't have video games. Pong didn't come out until I was nine. And even then Pong was like,

ah, you know, take it or leave it. So I was born without the ability to create dopamine. So I was a natural born addict. So the only thing that we had in the house was the encyclopedia. Wow. So I read that encyclopedia from A to Z.

Then I found cards. Then I found gambling. Then I found a childhood friend. I was seven years old. He was nine years old. He taught me how to play guts. It's that game where you get two cards, you draw another card. We were playing guts for dimes.

And I was hooked from a very early age. So now I've got the encyclopedia there, right? And I've got the newspaper, which I'm reading cover to cover because I'm looking for information of any kind because I have this dopamine deficiency. And then I have gambling coming from the kids in the neighborhood who also have similar situations in their life. So immediately I start going into the encyclopedia and reading about Las Vegas. Because at that time, until 1977, the only place that gambling was legal was in Las Vegas. So if you took the encyclopedia, the L book, the world book, it was a 1959 world book. I mean it was dated.

And you went to L. I probably read the Las Vegas article, you know, the blurb on Las Vegas. It was three or four pages. I probably read it a hundred times trying to get back to normal. That's all I was trying to do. Interesting. So you don't feel dopamine when you do? I only create dopamine. So what I did was I had a guy in my life about, I was obese and I decided to get fit because I got tired of being rejected by women. It actually worked. Once I got ripped, I actually got a girlfriend. So I got tired of being rejected by women. So I got ripped, but I had a trainer who was a physiology student at Columbia and he started making comments to me. He said, wow. He goes, I never forget the first comment he made.

He said, so low dopamine, you don't even lock your doors and i'm like what's he talking about low dopamine but in my head i remembered that i had taken my letters from 23andme my genetics yeah and i sent him to a company called promphees which was overseas because they actually don't even let you do it in this country oh well i paid five dollars to promphees and they sent me back my letters and I remembered in that report a flag that said that you do not process folate properly. Your BH4 is breaking down too quickly. And so you do not create neurotransmitters. So therefore, you have what's called CCAATT.

I go to Yahoo groups. There's a help group for CCAATT. Everyone in there is either a drug addict at the highest level, a compulsive gambler, or suicidal. Wow. And I read it and I'm like, wow, I couldn't believe it.

In fact, there were some leading authors in there and I don't remember the woman's name, but she lived in San Francisco and she was writing about how she finally found out at 34 that it wasn't her fault and she took such solace in that and i have to tell you i'm not going to get emotional right now because i'm just not in that mood but i have to tell you that when i found out that my problem you know the reason why i was a compulsive gambler the reason

why i was constantly reading about the reason why i was so obsessed when i found out that it was genetic it was a weight off my shoulders and i kind of know how to manage it somewhat i mean i'm i'm probably not going to make it i'm probably going to be totally broken like two years really maybe yeah because i refuse to monetize so i have this social media following but i just so when you have low dopamine it's's contract stuff and stuff that involves negotiating with people for money or trying to get someone's money or trying to be a hard nose. Those are very low dopamine events. So when I came to Vegas, I did business with 10 or 15 people and every single one of them said, give me this and I'll do this for you and you can continue your dream. And I just gave it to them.

So I pissed away about $100,000 when I got here on about 15 different people. And even now, and I'll tell you something fascinating that people need to know, and I'm going to go to Tom Arnold. Do you know Tom Arnold? I don't. Okay. Tom Arnold is a comedian. He predates your time a little bit.

He was very famous. He married Roseanne Barr. Okay. I saw him interviewed. Tom Arnold suffers from terrible depression. So the lack of suffers from terrible depression. So the lack of dopamine creates terrible depression. And Tom Arnold sat right there in the interview and he said, look, when I wake up in the morning and I can't function, he said, one of the first things

I try and do is an active service. He said, there is tremendous dopamine in giving. There is tremendous dopamine in doing something for someone else. So I have found in Vegas a way to boost my dopamine at times when necessary is to take a small business. The other day I did a woman-owned business who does hydration, IV hydration. Okay. And to do a video and to give to her because I'm over there and she's quelling. She's like, oh, my God. I'm getting the narcissistic adoration so I'm getting a payoff. I can't

believe Vegas Polici answered my DM. I can't believe you came down here. My kids told me to contact. And I did a video for her. Now, I got a lot out of that because I got narcissistic adoration. I got the dopamine from doing an act of service. If I was to say to her, okay,

give me $500 now. I got you 100, doing an act of service. If I was to say to her, okay, give me $500 now. I got you 100,000 views on it. My entire drug end of the payoff has now been completely inviscerated. Now I've got nothing out of it. You see? So I'm benefiting from giving. Interesting. And that is my motivation.

The other thing that's incredible, and you'll find this with a lot of comedians, you'll notice that a lot of comedians die young. I didn't know that. Why are they comedians? It's an extremely difficult business to be. Well, I mean, Chris Farley, the other heavy guy from Tommy Boy, the other guy that's Screamer. Do you remember the Screamer, Sam Kinison? I think I'm too young for these.

Okay. Well, these comedians all died young. They have a mutation. One of the greatest things that you can do for people is to make them laugh. So when I was first, and you can go and find this video if you want. I don't even care. When I first did content creation

and I would be on the live, my entire motivation was to make people laugh. So I was doing stuff like shoving food. There's videos out there of me putting food up my nose. I would drink alcohol. I would put cherries in my nose, you know, maraschino cherry. I put a maraschino cherry in my nose. I would walk around. And then when I got drunk enough, I'd go and I'd blow the cherry out and everybody would laugh because they've never seen such an idiot in their entire life.

So initially that was most of my content creation. But then as I just kind of evolved, I realized that I could talk, I could talk fast and I could get out there and I could do a video and I could do a video quick. Inside my head, because of my life experience, inside my head is an awkward, unattractive guy who can't get a date, who sounds like a nerd, who has a nasally voice, who is certainly never going to be in the public eye. And I'm 57 years old and I have no idea that I have a voice that can go deep, can say,

Vegas, Paulie, see. And people are going to... I started doing that organically and people were like, wow, we like that. We listen to it. So I had no expectations in life. When I was a young guy and I remember to the day. I was 16 years old and I remember standing expectations in life when I was a young guy. And I remember to the day. I was 16 years old.

And I remember standing in my backyard. And I remember saying to myself, well, there's clearly something wrong with you. Because I knew there was something wrong with me from a young age. Like what was all this obsession about gambling and reading the encyclopedia and doing all this nerd behavior? There's clearly something wrong with you. So you're going to have a really rough time. But I got super lucky because I created a business. Now, my mother handed me a business. She said, do this. This will be good for you. My mother handed me the idea. I am not going to sit

here and say it was my idea. My mother handed me idea for a business. I ran it for a year like a schmuck. I took every quarter from these pay phones every single quarter i took to either uh the racetrack or to atlantic city or to wherever yeah after a year of being in business uh a kid who ran up uh who grew up around the corner for me now i grew up in a privileged area and i will tell everyone this if i had grown up in a non-privileged area with my genetics with my genetic mutation i'd be dead right now really oh i guarantee it wow i'd be either in jail or dead because i would have in order to get the dopamine i would have started to do really shady things right

so i met a guy when i was i knew him from when i was seven he grew up around the corner from me his first name is bruce i won't give you his last name i talked about him all the time in life he said to me paul i'm working for Pricewaterhouse. I'm making $40,000 a year. Remember, this is 1986, 1987. He said, what you've got here is a one-year ROI. He said, you put the money into the business, and one year you have your capital back from that investment. He said to me, there are not that many opportunities in life.

Don't be a schmuck. He said, I will take all of my bar mitzvah money. He had $25,000 saved. God bless him. This I could get emotional about. And he put the whole 25 grand in there and he built it up to a $6 million business. And I want you to know, and I want the world to know, the whole three, it was from 1987 to 1994 when he sold it for $6 million, which was half mine theoretically. A million was cash. I was kicking and screaming and being a jerk the whole seven years.

Really? No, I didn't abuse him, but I just wanted my money. I wanted to get to the table. I wanted to go to Vegas. Because of the money that we were making doing the business, I didn't want to reinvest the money in the business. I got a $50,000 credit line at the Mirage at the time. And I had picked up with a stripper girlfriend. When you're 27 years old and you're unattractive and you have money in your pocket and you realize to yourself, hey, I'm making $3,000 a week, right?

First thing I did was go to the titty bar. And the first thing I did was say to the titty bar and the first thing i did was say hi my name is paul will you pay attention to me i've never seen a girl as pretty as you what do you think happened i ended up with a stripper girlfriend and she was she wasn't a bad girl she was not a bad person uh but it was a pay-for-play kind of thing i gave her a thousand dollars a week to be my sugar daddy well daddy. Well, I was only 27. So can I really be a sugar daddy at 27? So I gave her $1,000 a week, and we ran around the country.

And I'll never forget when we broke up after three years. I lost all my money toward the end of our relationship, so I was totally broke. Gambling. Gambling. On the very last trip with her, I lost a million dollars. Damn. Well, it's funny because I lost a million dollars playing blackjack in June of, I'm sorry, in April of 1995. That's a lot back then.

What's great about Nevada is, is though, the numbers for the month of April 1995 are still on the Nevada Gaming website. So, of course, I had to run in there and say, how much money did I contribute to the blackjack win? I did. I looked. So the state of Nevada, the entire state, won $31 million on blackjack in April of 1995. 131 of that was mine. Wow. So 3% of the total loss that month came out of my pocket.

Holy crap. So I was broke, and I owed all kinds of money, all kinds of markers. We broke up, but I'll never forget it. And this made me feel okay about our three years together. She said, you know, it didn't work out, but wow.

Who had a better time than us? That's what she said. That's cool. And you know, good luck to her. You still talk to her? She named her kid Paul. No way.

I swear to God, which makes me laugh. And she had a normal life. She married an executive at a company and she straightened down and she's in her 50s now. I didn't see her since

she was pregnant with Paul. I saw her when she was pregnant with Paul and she had that natural... Remember Sharon Stone in Casino? She had that about her so I was Ace Rothstein back in that year I wasn't an executive I was a player

and I was running around with my Sharon Stone and people would acquiesce to anything she wanted so even when she was pregnant she had that glow about her and I'll never forget it we went into a pizza place and the guys in the pizza place were just falling over her because even though she was pregnant she was five foot seven she still

looked beautiful i mean you know people used to see us together and they knew you know that she was you know she was a beautiful woman and she was tall and they saw me and they knew you know they knew i was paying to be in that relationship but i had a good time it's cool to see you embrace who you are now though i've embraced who i am my entire life oh you have yes okay i have no i have no ability to not embrace who i am what i don't know when i was 27 28 29 i don't have the knowledge like nobody told me certain things but now that i look back on the totality of my life everything is just you know it's it's so explainable you know i'm only speaking for me but i can't imagine that my situation doesn't apply to a great number of people in this country.

I'm a prisoner of my brain chemistry. You're sitting here and you're doing this. You're doing these podcasts with very intelligent people. You're an engaging guy and you're very successful because you have what in your head? A brain. Right. You have a brain that is interested in talking to people. You know, I don't know what level you're on

because I haven't watched you extensively, but imagine that your career trajectory is similar to Rogan, right? That's where you're going, I mean, eventually. That's the goal, yeah. Yeah, that's the goal. So you're going to do exactly what he's doing because you're sitting here and you're listening to me

and you're a great listener and you're... That's where you're going. You're going to go in the same direction as him. That's because that's your brain chemistry. He was what, a comedian? Yeah.

And then he realized that he got dopamine out of learning. He got dopamine out of talking to people. He got dopamine out of information. And so there he is

and he makes what, 100 million, I don't even know, what does he make, 100 million dollars? 100 million a year, I think. Right.

Something crazy. Wow. So he's getting that payoff. Yeah, he is. But you said you're running out of money in two years. that a joke or no no i'm running out of money well okay so i did tiktok i got my tiktok up to five to seven thousand a month okay this is what happened so on june 23rd of last year tiktok started monetizing me yeah and the sphere opened up on july 4th on july 4th i had the phone pointed towards caesar caesar's had the phone pointed towards Caesar. Caesar had the fireworks going out.

Anybody who was on the Las Vegas Strip knows exactly what happened that night. Nine o'clock on July 4th, the fireworks are going off over Caesar's Palace. I was on the man behind the man's balcony. He's a guy who owns a condo. He's a friend of mine. And I was looking at Caesar's Palace with my phone. And the sphere turned on. And we all looked at it and said, who the hell gives a damn about fireworks?

This is the most amazing thing we've ever seen in our entire lives. And I got 7 million views on that video. I had the first, it's on my page. It's the first 10 minutes of the sphere. I had it pinned. I don't have it pinned anymore because I've had other interesting videos

come up since then. So I made $2,700 from that video. So through the summer, I was making about, the most I made was $8,000, but I was making between $5,000 and $8,000 every month. So the winter came. I don't want to spend the winter in New York. So I said to myself, let me get a rental. Let me get a rental.

Let me really put my energy into content creation. Because I know that if I get my tuchus out on the strip, and I know I can make $ can make 15 to $20,000 a month based on the information that I had. So I got a rental in Silverado. I moved out here on November 1st. I did my content creation. No bullshit. Right when I moved out here, TikTok started slashing its CPM.

So they were giving me about a dollar per thousand views over six seconds. And then all of a sudden it dropped to 60 cents and then it dropped to 40 cents. And so even though my following was going like this and even though my views was going like this yeah my payment rate went down to one-third so i tripled my viewership but i still stayed at six or seven thousand dollars a month on march 18th they dropped it down to where they only pay you on your first first 30 videos so now my monthly payment has gone from six or seven000 down to I'll be very lucky to make $1,500 this month. Damn.

So because my content creation will not pay and because I refuse to take money from people, not because – this is important. It's not because I'm a great guy. It's not because I'm ethical. It's not because I'm moral. It's not because I'm a great guy. It's not because I'm ethical. It's not because I'm moral. It's not because I'm superior to anybody. It's simply because the drug payoff of the narcissistic adoration and the payoff that I get by retaining my dopamine, by not spending it on contract negotiations, on taking money from people, is so high and so much more than any money that I could get paid.

So therefore, my default reaction is to give it all away. That's the math on it. That is elaborate. It's not moral and it's not ethical. Huh.

It's just who I am. So if Circa offered you $100,000, you wouldn't take it to help promote their casino? For how long? For a year. No.

It's not enough? It's not worth my freedom. It's not worth what I'm doing. It's not worth the drugs that I'm getting from the narcissistic adoration of the content creation and the mitzvahs. Now, if they offered me $100,000 a month, I'll tell you exactly what I would do. I would tell everybody, Circa's giving me $100,000 a month. They put me in their penthouse right here. I'll tell you the numbers right now.

I would immediately say to them, I need $25,000 of that in comps. They give me $25,000 in comps. I would take the $25,000 in comps and give it away as prizes. In fact, I was looking for a solution to the food problem. It was more before the dinosaur threw me under the bus,

but before the dinosaur threw me under the bus, I was getting two invites to a restaurant or to something related to food every single day, including places in Resorts World. So I would get invited and I would say to myself, well, I really don't want to do food because I've gained eight pounds since I'm out. It was 13. I've got it down to eight and I want to be ripped. That's one thing that I enjoy in life. You get, it turns out there's a tremendous amount

of dopamine and being very fit and being ripped. So I want to be ripped. So I can't do the food thing. So the solution I came out to that, what came up with

is give the food away to listeners or followers. So I got invited to the restaurant right across the street from Carbone's at MGM. It's a French place. I forgot the name of it

and I was on the live and I gave it away to two listeners. So, and I've told this to five places. I'm not going to exaggerate and tell you. I've told it to 50 places. I've told it to five places. Two of them are the Greek place at the Venetian. I've got the name of it. Oh, Milo's.

Milo's. That's right. You hit it right on the nose. And the place that does the, what is that luxury food that you eat? Oh, Jose Andres, Bizarre Meats. No, not Bizarre Meats. It comes from a fish. You gut the fish open.

You get the eggs out. See, once in a while, when you get old, you lose words. I haven't seen it. No, Caviar. Oh, Caviar. The Caviar place at Resorts World. Oh. I told the Caviar place at Resorts World, and I told Milos, I said, listen, you guys want me to come down

there? Give away a $300 gift certificate to my followers and I will give away the gift certificate to my followers and we'll make a big shtick about it. A big stink. We'll say, oh, we gave them it. Both of them never answered me back. But I'll tell you a funny thing about Milos. So Milos reached out to me and they said, will you please come down? How much

do you charge? And I said, I don't charge, but if you give the $300 gift certificate, I'll'll come down there they never answer me back wow guess who i saw that one month later that girl the dinosaur so we can't mention her name but give the backstory a lot of my listeners aren't in vegas but what exactly happened with this so so the dinosaur worked for me for eight months and the entire eight months that she worked for me, I acquiesced to her every want, her every need. She was extremely argumentative. She's intelligent, but her emotional IQ was extremely low.

And I'm a person with a low emotional IQ, so I know another person with a low emotional IQ when I see them. So every single thing that she demanded, I gave to her.

She told me when I originally was working for her that she would do the content creation for $2,000 a month. Her friend ran off with my $2,000. She was going to do my Instagram and her friend was going to do my TikTok. Her friend,

no names, but I give the kid a lot of credit. He stole my $2,000. He ran off. He wouldn't even give us the login back to TikTok. The reason I give him credit is I contacted him two months ago. He got a big job in Vegas. I said, hey, so and so. I noticed you have a big job in Vegas he had my two thousand dollars back in my PayPal account in one minute true story it's probably the only time you've got stolen ripped off in Vegas that you don't want to lose that job right he gave it back to me in one minute

so I said to her I said well your friend ran off with the two thousand dollars she said I want four and I looked at her and I said okay okay, I'll give you the four. I felt like she had a lot of power. She had 199,000 followers. And to me, 199,000 followers in the gaming space at that time was like, oh, my God, you're so powerful. And I kissed her ass. I kissed her tuchus. There's no doubt about it.

So I gave her the $4,000 a month. She did a good job for me, but she did not do the things she said she was going to do. She told me that she was going to walk on the live. She never really did. We did a slot stream. She was supposed to give me any money that she made from the slot stream, right? Well, she did a slot stream, and she mostly lost, but she didn't win, and she won $1,100 right into

the pocket. And because I'm low dopamine, and because I enjoy being able to find out who people are. I never said anything to her, but she never gave me the $1,100. To me, that's stealing. Although a lot of people would say, how come you didn't say anything? Well, because I want to see who

she is. So she did the job for me through March, and then she got the finger-licking food turds. She got them, and once she got them, I really just... My hope and my dream, my comp, which I still believe in. In fact, there's actually a couple of executives that said that they sort of believe in it, whatever. My hope and my dream was very difficult for me to let go of. So she contacted me in April. Last year? No, this is 2022. And she said to me, the Mohegan Sun in Connecticut contacted me. She said, I'm in Vegas.

I'm busy. I have no intention of going up there. Now, she works for me. And she said, you go up there and you get a deal for a comp wallet. And I will go up there and I will do it for you for free. This is the exact words that she used for me. Now, I'm making her look good, right? She said she'll go up there for free for me.

I couldn't believe it. She's going to do something for free for me. Okay. I give her credit. I went up to Mohegan Sun. I met with the executives there. I could see that they had such an excitement about getting her because at this point, she has 400,000 or 500,000 followers, and she's good at what she does. And the Mohegan Sun is completely incompetent.

I could talk to you about the Mohegan Sun for 20 minutes if you want. Which hotels do they own? They own The Virgin in Las Vegas. Quick side note. I'm going to tell you a secret of casino gaming and gambling. When you have an organization that comes from either a monopoly or a near monopoly, and I'm going to talk about

three companies right now, but I probably could talk about, I'll talk about four. Mohegan Sun, Foxwoods, Bally's, and Genting Burrard. They all either come from monopolies or near monopolies. When they have to go out into the real world, i.e. Vegas,

they can't adjust. They're so used to being either a monopoly or a duopoly that it's very hard for them to, they're not naturally creative organizations. Because in their home state, I mean, I don't know if you know Genting Burrard, but they had the only creative organizations because in their home state i mean i don't know if you know genting burhard but they have had the only casino in malaysia in the highlands for like 30 years wow um mohegan sun had a dualopoly it was only mohegan sun and

foxwoods there were only two casinos in connecticut foxwoods has failed foxwoods those two foxwoods pulled away its monthly stipend from its tribal members. Mohegan Sun lost $97 million last quarter. But the quarter before that, the same quarter, they made $3 million. They're opening a casino in South Korea that's going to fail. It's a foreigner's only casino. The government of South Korea

just announced yesterday that they are tripling the size of their government-run casino from four acres to 12 acres. You have no chance if you are in the South Korean casino market right now, but that's a whole nother story. I can talk about this stuff forever.

So she sends me up to O'Hegan's son. I meet with them. I see that they want her so much. On the fly, in the middle of the conversation, I say, you got to give her $10,000. It's not $10,000 to put in my pocket. I tell her, I got us $10,000. I have every intention of splitting the money with her because I feel that that's fair. Because she works for me.

So I got an employee who they want her. They don't want me. She'll tell everybody in the world that they don't want me. She's 100% correct. They don't know Vegas Police either. They don't want Vegas Police. To me, to them, I'm an awkward nerd weirdo. They don't want me.

You weren't big at the time either. I wasn't big at the time. I had 25,000 followers. I get the $10,000. I go home. I give the information to Ronnie, who works for me. I say, Ronnie, put together some kind of deal for the Mohegan Sun. I don't care what it is.

Again, going back to the dopamine, I don't care what the deal is. She sends the contract up there to get the $10,000 check. At the same time, the Mohegan Sun does a contract for $10,000, sends it to her. This is my critical error. Because I was embarrassed, because I was ashamed, because I'm a fool, I did not mention to them the CompWallet app. I said, you need to give a contest to her and put the contest. I will give away the contest, but I do not tell them I'm going to put it on my app. Am I wrong?

Yes, I am wrong. But I said to myself, what's the big deal? What do they think I'm going to do with the contest? So I put the, in my mind, I'm like, so I put the contest on an app. Who gives a damn, right? When they had a conversation on June 13th and the app came up, instead of her saying, yes, I work for Casino Comp, which she did. I was paying her $4,000 a month.

Yes, it's a contest app. She immediately went into amygdala meltdown and she said to them, I don't even believe in contests. I don't know what this app thing is. And I think he's trying to steal my $10,000. So she completely and totally panicked and threw me under the bus. It would be like having someone working in your pizza place, right? And someone comes in and challenges them and they say, I don't believe in pizza. I don't even know what cheese is. Mind-blowing.

So now I came out to Vegas after about 18 months and I can't let it go. Sorry to the world, I can't let it go. So she would do these bullshit reviews and I was kind of on the periphery calling her out on her nonsense. Sure enough, initially she was okay. She actually published six months ago

and this was published and I'm sure somebody in here remembers reading it. Oh, we had a business disagreement a year and a half ago. He's okay. It's no big deal. I'm sure she deleted this post.

It's gone. She deletes everything. Don't worry about him. But I kept giving her a little business. That's who I am. I'm still angry about what she deleted this post. It's gone. She deletes everything. Don't worry about him. But I kept giving her a little business. That's who I am. I'm still angry about what she did to me. And after about a month of that, she started to lose it and she started to really come after me and I started to really go after her. And I just, you know, I questioned her credibility.

So somebody sent me a video about the magician study and the video was attacking the magician study and the magician who wears the rabbit ears and how the tickets are 150 dollars and why is she promoting that magician he stinks and she must be getting paid or whatever i took the video i put it up on my page yeah the magician study sent me a cease and desist how dare you how dare you say that we're paying her we're not paying her i paying her. I still have the email from them. We're engaging her to produce content for us. And I'm like, girlfriend, you're engaging someone with a million followers, but you're not paying her? I mean, it strains credibility.

You know what I mean? But because they sent me a cease and desist, I took the video down. When the Durango said, please take the video down, I took the video down. When MGM said, please take the video down that mentions how much people are playing over here at the maximum, which was $400,000, I took the video down. When Durango said, take the casino video down, I took the video down. Now, there's some video that is pissing off Resorts World or the dinosaur is behind it and I got thrown out of Resorts World, or the dinosaur is behind it, and I got thrown out of Resorts World, instead of being ham-fisted, which is what they are. Is ham-fisted, is that the term, when you're just awkward? I think I've heard of it.

Right. Instead of being awkward, instead of just throwing Vegas policy out of your casino, and now I got 600, 700,000 people to constantly tell, this is Resorts World. They don't allow me in there. Instead of doing that, tell me what video is upsetting you so much. Right. I'll take it down. I've already taken down four or five

videos that are upsetting these corporations. But I'm going to be very honest with you, and I said this in a post that I did. Now I'm a little nervous. If I go to the MGM one day and they've decided to put a fourth zero on the roulette wheel, or they've decided to pay even money on blackjack,

think about it. It's not that far-fetched. You had three to two, then you had six about it. It's not that far-fetched. You had three to two. Then you had six to five. It's obviously going in a direction. The price of real estate on the strip, they paid $54 million for an acre and a half next door. If they decide three years from now, because Vegas keeps going crazy, which it might because we're all getting older, and when you get older, your dopamine disappears.

This is why old people play slots. I'm telling you something that you don't know. Your dopamine goes down when you get older. So someone like me is really in big trouble. If they decide to pay even money on blackjack and I'm in there two years from now and I walk by a whole pit of even money on blackjack, right? Am I really going to be so quick to grab the phone and go, this is the MGM grand. They only pay even money on blackjack because now I'm going to be thinking to myself, am I going to get thrown out of MGM?

Now that's nine properties I can't go to. It's all of Vegas. And I like MGM. I do too. And I like Bill Hornbuckle. I think he's a great guy. And I respect him because he started as a busboy at the Jockey Club. Wow.

Can you imagine this guy? I get chills when I talk about him. I didn't know that. I get chills for his joy. Here's a guy. I got chills right now. If you look at my arm, there's chills right there for Bill Hornbuckle, for his life. He's walking into the MGM Grand.

I'm sorry. He's walking into Bellagio. He's going by the nine acres of fountains. He's walking into what is a $2 billion property at the time. And he's looking to the left. And he's, I don't know, he must be 55, 60 years old. And he's thinking, I was a busboy at 18 years old right here at the Jockey Club. And now I'm the CEO of the most successful – I think they're the most successful – the most successful large casino corporation in the world.

Can you imagine what every day is like as him? Can't. God bless him. God love him. It's amazing. It's an amazing story. Yeah. Paul, it's been fun, dude, getting to know you.

I love how animated you are. Thank you. Anything you want to promote or close off with before we wrap up I have subscription on I make I make $3.50 a month I have 104 subscribers

on Instagram it's the only place I'm monetizing right now if you can find it in your heart to give $5 a month to Vegas Paulie C

I bleed out all of my personal stuff on there it's on Instagram I have 104 people I wish I had a thousand let's get it up to a thousand let's get it up to a thousand

let's do it man thanks very much thank you it's great talking to you thanks for watching guys I'll see you tomorrow