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The Economic Club of Las Vegas welcomed three experts with varying backgrounds to share their economic outlook on Sin City.

CBRE Global Gaming Group Executive Vice President John Knott told attendees he sees available acres on the Strip going for $50 million each in the coming years. Knott has headed the real estate firm’s gaming division since 2003.

The Las Vegas Review-Journal reports that Knott’s optimism regarding escalating Strip rates will come as a result of the completion of the Las Vegas Convention Center expansion and the Raiders’ NFL football stadium, as well as new casino resorts including Resorts World, Project Neon, Circa, and The Drew.

It’s a big projection, as acres haven’t gone for anywhere near that number in recent years. But Knott says if population increases currently being seen throughout the region continue, the resort corridor will lengthen southward and demand for Strip frontage will further increase.

Last July, Israeli hotelier Asher Gabay struck a deal to acquire the 8 Motel across from Mandalay Bay on the Strip’s southern end. The purchase price was $7.4 million for the roughly one-acre site.

Yes, Vegas property values will go up when a billion-dollar stadium featuring NFL, concerts, NCAA basketball tournaments, etc. opens just across the highway from Mandalay Bay.

Numbers from :

Betting favorites went 16-0 straight up in the Round of 32, the first time that the favorites did not lose a game in the Round of 32 since the NCAA Tournament expanded to 64 teams in 1985.

— ESPN Stats & Info (@ESPNStatsInfo) March 25, 2019

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@680TheFan @sportsandra Don't know what is worse, @chrisdimino trying to get some court time in OKC, or @BFinn86 and @steakshapiro not there to run it with him???

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@bustedcoverage Jimmy at Disneyland today!
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My new van. Seller threw in zip-ties, shovel, duct tape & chloroform.

— Denlesks (@Denlesks) March 26, 2019

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— ABC7Error (@abc7error) March 26, 2019

MURDER-FOR-HIRE TRIAL: Former OK gubernatorial candidate & zoo owner Joseph Maldonado-Passage, better known as 'Joe Exotic', is expected in federal court this morning. He stands accused of offering people money since 2014 to kill his chief critic, Carole Baskin of FL @kfor

— Lili Zheng (@lilizhengTV) March 25, 2019

Gronk begins retirement by hitting all the items on his bucket list

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I remain Dan Bilzerian’s #1 source for breaking news

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