The Las Vegas Thread

[Dogs Of War]

Hey go easy on the Aussie Peso, it`s been doing very well lately.

Only cause the USA dollar is down about 10% against most currency since Trump got his tariffs in.

 

[Gobsmacked]

Only cause the USA dollar is down about 10% against most currency since Trump got his tariffs in.

The Japanese raising rates, reversing the carry trade, a steady sell off off of us treasuries in China and the world slowing but surely trading oil outside of USD has created fear of the USD losing it's status as the global reserve currency.
The USD is tied directly to oil and since the oil in Venusuala has been secured and the entire US navy has parked beside Iran.. all bets are off and the USD remains stable.
Tariffs were an effort to bring production back to the US so it's economy can be more resilient and have genuine productivity underpinning it's dollar and debt, which will take a decade but can be used to leverage geopolitics and global trade in the meantime.

Tariffs should actually be inflationary, causing the fed to raise rates which would create a stronger dollar. But there's no inflation...so rates will likely go down and weaken the dollar further.
So why is inflation down? Employment data out of the US is bleak while the economy is growing..
How? Artificial intelligence is displacing and replacing white collar jobs at an increasing rate.

Anyway.. the main point of the story in your Aussie dollar will fetch more beers then those previous!
Hangover rates will be way up !!

 

[Wb1234]

The Japanese raising rates, reversing the carry trade, a steady sell off off of us treasuries in China and the world slowing but surely trading oil outside of USD has created fear of the USD losing it's status as the global reserve currency.
The USD is tied directly to oil and since the oil in Venusuala has been secured and the entire US navy has parked beside Iran.. all bets are off and the USD remains stable.
Tariffs were an effort to bring production back to the US so it's economy can be more resilient and have genuine productivity underpinning it's dollar and debt, which will take a decade but can be used to leverage geopolitics and global trade in the meantime.

Tariffs should actually be inflationary, causing the fed to raise rates which would create a stronger dollar. But there's no inflation...so rates will likely go down and weaken the dollar further.
So why is inflation down? Employment data out of the US is bleak while the economy is growing..
How? Artificial intelligence is displacing and replacing white collar jobs at an increasing rate.

Anyway.. the main point of the story in your Aussie dollar will fetch more beers then those previous!
Hangover rates will be way up !!

One day America will default on its govt debt and everybody holding us$ assets is going to be in a world of hurt

 

[yakstorm]

Updated sales map:
Not huge movement, but the number of available tickets continues to decrease, whilst there doesn't seem to be any new sections being opened up.

 

[Mother Nature's Son]

Tariffs should actually be inflationary, causing the fed to raise rates which would create a stronger dollar. But there's no inflation...so rates will likely go down and weaken the dollar further.
So why is inflation down? Employment data out of the US is bleak while the economy is growing..

Inflation in the US is still up, maybe not as much as everyone expected following the introduction of the tariffs but still too high.
The reason: the cost of the tariffs has largely been absorbed by the manufacturers where they made (through lower profit margin) and at the border by the companies importing them(ditto).
AI has not yet had a discernible effect on employment although there are certainly signs that it is accelerating.

 

[Gobsmacked]

Inflation in the US is still up, maybe not as much as everyone expected following the introduction of the tariffs but still too high.
The reason: the cost of the tariffs has largely been absorbed by the manufacturers where they made (through lower profit margin) and at the border by the companies importing them(ditto).
AI has not yet had a discernible effect on employment although there are certainly signs that it is accelerating.

I'm deep down the rabbit hole of AI atm in terms of capabilities, most people are completely unaware of the faze it's currently in and it's on an exponential curve. You can build an AI agent now/ today! That is not only capable of 90% of desk jobs but increasing better at it.
You can't just randomly sack 80% of your work force but anyone leaving isn't being replaced, their role will be replaced with an AI agent. No new company will be able to compete in business today without AI and the amount of employees a new company needs will be a fraction of even a month ago.
Not only is code now being written by AI.. but it's being directed to do it by an AI agent...

 

[soc123_au]

I'm looking forward to some footy, but this year Vegas doesn't feel like it has the hype of the first 2, feels like Vegas Fat Elvis edition.

 

[Mother Nature's Son]

I'm deep down the rabbit hole of AI atm in terms of capabilities, most people are completely unaware of the faze it's currently in and it's on an exponential curve. You can build an AI agent now/ today! That is not only capable of 90% of desk jobs but increasing better at it.
You can't just randomly sack 80% of your work force but anyone leaving isn't being replaced, their role will be replaced with an AI agent. No new company will be able to compete in business today without AI and the amount of employees a new company needs will be a fraction of even a month ago.
Not only is code now being written by AI.. but it's being directed to do it by an AI agent...

The same thing was said when they mechanised the textile industry in the 18th century, and a whole host of other technological changes over the years, the end result, people just move into other industries.
You are right though, there will be victims amongst though who can`t retrain or adapt.
Failing that, bring on the living wage !! where we all get paid to stay at home while AI and robots do the work.

 

[Gobsmacked]

The same thing was said when they mechanised the textile industry in the 18th century, and a whole host of other technological changes over the years, the end result, people just move into other industries.
You are right though, there will be victims amongst though who can`t retrain or adapt.
Failing that, bring on the living wage !! where we all get paid to stay at home while AI and robots do the work.

There's many periods throughout history that show examples of a displaced workforce readjusting and evolving to find and create new industry.
However, all those example involved the cognitive ability of humans to effect that transition - human intelligence was at the center of that transition.. get a degree, learn to code ect..

This unfolding displacement of the human workforce - is replacing human cognitive ability.
At the same time, driverless vehicles will displace hundreds of millions of workers also.

UBI then becomes practically the only logical solution.

"Get me another drink.. ya stupid robot!"
Robots head slowly turns..

Lol

 

[mccarthyj367]

I'm looking forward to some footy, but this year Vegas doesn't feel like it has the hype of the first 2, feels like Vegas Fat Elvis edition.

There are so many things that play into that. Whether your club is involved etc., the NRL and media now knowing the landscape so they can go to Vegas later in the week and still achieve their aims. Novelty wearing off, it is still a massive event and undertaking however and will look spectacular at the weekend.

Credit to the NRL, they are not standing still. If the 2027 season opening round adds Tokyo and/or Hong Kong for example, then you will have maybe 10 or 12 teams fans heading around the world and you will be able to sit at home and watch it as if it is being played down the road. It will be, quite frankly, incredible!

People have short memories. The 2023 season opened on a Thursday night at Commbank with 1000s of empty seats on show.

 

[King hit]

There are so many things that play into that. Whether your club is involved etc., the NRL and media now knowing the landscape so they can go to Vegas later in the week and still achieve their aims. Novelty wearing off, it is still a massive event and undertaking however and will look spectacular at the weekend.

Credit to the NRL, they are not standing still. If the 2027 season opening round adds Tokyo and/or Hong Kong for example, then you will have maybe 10 or 12 teams fans heading around the world and you will be able to sit at home and watch it as if it is being played down the road. It will be, quite frankly, incredible!

People have short memories. The 2023 season opened on a Thursday night at Commbank with 1000s of empty seats on show.

If that actually happens what are the logistics of playing an entire round all over the world. The costs of sending each team to an international location would be astronomical. I know our game is making huge profits but still.

 

[Gobsmacked]

There are so many things that play into that. Whether your club is involved etc., the NRL and media now knowing the landscape so they can go to Vegas later in the week and still achieve their aims. Novelty wearing off, it is still a massive event and undertaking however and will look spectacular at the weekend.

Credit to the NRL, they are not standing still. If the 2027 season opening round adds Tokyo and/or Hong Kong for example, then you will have maybe 10 or 12 teams fans heading around the world and you will be able to sit at home and watch it as if it is being played down the road. It will be, quite frankly, incredible!

People have short memories. The 2023 season opened on a Thursday night at Commbank with 1000s of empty seats on show.

I'm pretty sure global round has been pushed to 2028 and the main 2 places that are mentioned repeatedly are London and Japan.
With PNG coming in in 2028 it could look like:
Vegas
Tokyo
London
Port Mosby
Auckland

With the rest being played around Australia, so 6 counties - global indeed.

 

[Gobsmacked]

If that actually happens what are the logistics of playing an entire round all over the world. The costs of sending each team to an international location would be astronomical. I know our game is making huge profits but still.

In 2028 the NRL will already be in 3 countries and Vegas makes 4. Adding London and Japan or Dubai makes 6.. global round.

 

[mccarthyj367]

If that actually happens what are the logistics of playing an entire round all over the world. The costs of sending each team to an international location would be astronomical. I know our game is making huge profits but still.

If Dubai or Tokyo pay for it, the NRL will go. I think it is a pretty strong case for city tourist boards to underwrite 10k fans travelling to your city and the economic impact etc. Auckland has just done the same thing (paid $5m for Origin).

The fact that the NRL will make a 7-figure profit from Las Vegas into its third year is little short of miraculous. Add-on life experiences and travel for fans and players. Remember the rugby union trump card of play union and see the world etc. Well a player like Ruben Cotter and Tom Dearden will have toured England and the USA in the space of 4 months - all while playing in the NRL and RL.

 

[Mother Nature's Son]

The fact that the NRL will make a 7-figure profit from Las Vegas into its third year is little short of miraculous.

You got any details on that.

 

[mccarthyj367]

You got any details on that.

https://www.codesports.com.au/nrl/p...n/news-story/375a2c7418b059fb52549122727c4ebd

"NRL’s American incursion with Vegas 3.0 set to deliver a multimillion-dollar profit this season."

 

[Wb1234]

https://www.codesports.com.au/nrl/p...n/news-story/375a2c7418b059fb52549122727c4ebd

"NRL’s American incursion with Vegas 3.0 set to deliver a multimillion-dollar profit this season."

Crowds won’t have risen over last year so wonder how the profit has gone up

Reckon last year made a profit of a million or so too

 

[mccarthyj367]

Crowds won’t have risen over last year so wonder how the profit has gone up

Reckon last year made a profit of a million or so too

They are definitely charging more for seats than they did last year. Probably will also have been able to cut deals with commercial partners and hotels there to save money on overheads which were higher in Year 1 and Year 2. Also, imagine chartering their own flights will have been more profitable for the NRL than just using travel companies. Think they did 5 charters this year compared to 1 or 2 in 2024 and 2025 IIRC.

They have proven commercial track record (and data) there now with the local economy which makes a huge difference I would imagine.

 

[Dogs Of War]

They are definitely charging more for seats than they did last year. Probably will also have been able to cut deals with commercial partners and hotels there to save money on overheads which were higher in Year 1 and Year 2. Also, imagine chartering their own flights will have been more profitable for the NRL than just using travel companies. Think they did 5 charters this year compared to 1 or 2 in 2024 and 2025 IIRC.

They have proven commercial track record (and data) there now with the local economy which makes a huge difference I would imagine.

Yep everything gets streamlined in the experience. Including what events add value and what was just a money sink, hotels now competing for business as it's shown to not be a one off so they want to become a preferred partner.

It's not a surprise with PVL. As I said previously, I worked with him at Harold Park Trotting track, and he turned that place around and made it a venue to go to, when trotters weren't cool. No surprise that after he left it just tracked downhill until it closed down.

 

[shadowformz]

No surprise that after he left it just tracked downhill until it closed down.

Shit ........ Hope he never leaves our game.