they drank the kool-aid a little bit on this development. >> many in vegas blame steve wynn saying thatwas he who started the commercial real estate bubble. >> the new strip is like the house that steve built. >> before he built his palaces, vegas casinos were nearly impossible to finance. most were funded by millionaires or the mob and they relied on slot machines for revenue. >> i understood what to trust and what not to trust and it was not the slot machines. >> wynn brought new ambition to vegas targeting players with expensive tastes. >> they have a pent-up demand for the good life. it was having a cadillac and going to las vegas and gambling. and gambling was part of the good life. that is what the swells did. >> he turned to wall street and offered investors bonds. >> when he did his masterpiece of the casino, you get to experience it. >> the company plummeted and mgm seized the opportunity to take over his property. wynn had gambled and lost. >> if you want to criticize or find fault with guys like us, it is easy. we are so flawed in many ways. it is a turkey shoot. >> his first

understand the chinese tourist naturally more, because you are chinese versus sheldon adelson or steve wynnhat is an advantage we would have as well. i was born in hong kong. spent time in hong kong and macau. at the same time was educated in north america. i get a good sense of the best of both worlds. the formation of melco crown 10 years ago was based on that belief. how do i marry the best of the east with the best of the west? >> it is easy to see the asian touches when you walk around his companies. the dragons. the feng shui that he incorporates into the layout. >> when we first started, it was gold and iron metal bars. it resembled the bamboo, but then feng shui came in and said no, no. it has to be real. >> but adelson, who once called himself the richest jew in the world, says there is no monopoly on culture. >> by vast majority, most of our employees are chinese. my chinese dealers andmy chinese service people interact with chinese customers. what is the difference? >> they would say they know the people. they are chinese. they know what they want. >> i can't be a successful busi

it pains nissan this about steve wynn, i understand that internet gam kels will co-- gambling -- but>> like casinos are so wholesome? easier to keep kids out but children are parents' responsibility, nevada has a language history of politicians calooting with their favorite tycoons, most famous harry reid. he has been wheeling and dealing with casino money for years. on-line gambling is illegal in america, on horse races is america though. senator reid, a bill that would ban taking bets on horse racing unless gaming devices in one location. 500 devices. in other words, you have to be a casino. harry doesn't want his buddies to have competition. how sleazy is that? so as we close this show celebrating liberty, let's remember that big brother often gets help for from our friends in business. that's our show. good night from las vegas. >> the ebola scare. is it really the back to school scare? public schools across the country bracing for a surge of up to 60,000 illegal kids in their classrooms. hundreds of them already quarantined for an outbreak of chickenp chickenpox, not to mention

it pains nissan this about steve wynn, i understand that internet gam kels will co-- gambling -- butt. >> like casinos are so wholesome? easier to keep kids out but children are parents' responsibility, nevada has a language history of politicians calooting with their favorite tycoons, most famous harry reid. he has been wheeling and dealing with casino money for years. on-line gambling is illegal in america, on horse races is america though. senator reid, a bill that would ban taking bets on horse racing unless have you at least 500 gaming devices in one location, 500. you have to be at a coo casino. how sleazey is that? as we close this show, celebrating liberty, let's remember, that big brother often gets help from our friends in. that is our show, goo good night from las vegas. the following is a paid advertisement from starvista entertainment and time life. ♪ somewhere beyond the sea ♪ bobby darin, frank sinatra, dean martin... ♪ volare ♪ whoa-oh... tony bennett, nat king cole, johnny mathis... ♪ it's not for me to say you love... ♪ bing crosby, patsy cline, elvis presley... ♪ b

it pains nissan this about steve wynn, i understand that internet gam kels will co-- gambling -- butout but children are parents' responsibility, nevada has a language history of politicians calooting with their favorite tycoons, most famous harry reid. he has been wheeling and dealing with casino money for years. on-line gambling is illegal in america, on horse races is america though. senator reid, a bill that would ban taking bets on horse racing unless have you at least 500 gaming devices in one location, 500. you have to be at a coo casino. how sleazey is that? as we close this show, celebrating liberty, let's remember, that big brother often gets help from our friends in. that is our show, goo good night from las vegas. talking about? have a good night. see you monday. >>> there is a big shift happening right now in the criminal justice world. and there's a push from both parties to reform the system from the inside out should. we do away with mandatory minimum sentences? free nonviolent drug offenders? we shift from being draconian avengers to negotiateors. personal beliefs ev

it pains nissan this about steve wynn, i understand that internet gam kels will co-- gambling -- but casinos are so wholesome? easier to keep kids out but children are parents' responsibility, nevada has a language history of politicians calooting with their favorite tycoons, most famous harry reid. he has been wheeling and dealing with casino money for years. on-line gambling is illegal in america, on horse races is america though. senator reid, a bill that would ban taking bets on horse racing unless have you at least 500 gaming devices in one location, 500. you have to be at a coo casino. how sleazey is that? as we close this show, celebrating liberty, let's remember, that big brother often gets help from our friends in. that is our show, goo good night from las vegas. >> jeff flock here,lp coming to you from the front seatq of the q!%m" the future of how we get where we're going. there'se1çó marcus ambrose.jn it's coming fast. look, guys, no hands. cars that drive themselves. wait a minute, look at this, park themselves or don't. forget the electric car. maybe what you need islp

it is basically a battle of the casinos between steve wynn and mgm and shall though adelson -- sheldonon. once you move a property like the rebel, which was worth $2.6 billion -- once that is out of commission, once showboat closes, once trump properties closes, you have less of a draw to bring people to this area. >> what is the mayor's take on this? what has he been saying? does he believe this future is bright for atlantic city? >> of course, he's mayor of atlantic city, so we want to tell you the future is very bright. but i think no one is completely convinced they are going to make it through all of this. realist.very much a we spoke with him just yesterday afternoon and he emphasized the importance of diversification for this economy. this is an economy that since the 1970's has relied so heavily on gambling. in the 1970's and 1980's, that worked somewhat ok, because you had a monopoly on it here. luck beenard gary talking about this in the piece , youst showed you earlier have the ability as a consumer to gamble pretty much wherever you want. if you don't need to come to atlant

. >> look at wynn and listen to what steve wynn said on the last conference call talking about improvementser 88%, up from 86% but also in the room rate. so they've been telling us about vegas now everybody is sort of starting to buy into the idea that vegas is not dead. as a matter of fact, vegas is growing. i think that if you read through the entire note, though, for morgan stanley, didn't necessarily say mccow is dead either. said pull back now. look out into the future, nothing but a growing market for sure. >> the growth forecast, right, it's growing. of course it's growing, but the growth rate may be cut in half. that impact, guys, the kind of stock you play as result of that news. >> not in any of these casino stocks but look at the price action and would rather own. it would impact. mccow seems like a wild card versus vegas, i can count on the u.s. economy picking up. >> morgan stanley, cutting growth for macao, from 12% to 6%. >> right. one thing and also in the note talk about the gamblers from chine 2345 coming to the u.s. the baccarat numbers in las vegas increasing. the two hi

they are rebuilding the convention center, you have people like steve wynn and sheldon adelson who justt it and they work with each other even though they compete with another. better,k to make things as opposed to atlantic city, where there have been big challenges. it helps that las vegas is a destination that people want to go to. posted recession, the rise of the non-gaming visitor, whose reason to visit is to go clubbing or dining, entertainment, anything like that. story.numbers tell the last year only 71% of the people gambled, actually versus more than 80% back in 2009. again, wynn, reported record results. las vegas has come back, but in a different way than we originally thought. vipsw important when the be then compared to the masses? that is an-- >> important trend. you have a lot of vip players coming and that is driving the growth. city, you have a few casino looking to close because they do not have that boost that vegas has. that is a problem everywhere else. >> and there is no vip business on a mississippi riverboat casino. if we were to look at the success of vegas and

wynn, trent road, reports that just came in of accident. we'll keep you posted on that. >> 6:02, student in north philadelphia leads to car crash and building collapse. >> steveeeley live at the scene with the latest on this for us. steve, good morning. >> two murders at the same time, different sections of the city probably in one the more wild of two murders, if that can be said in this town these days. this right in the shadows you see, that far temple university highrise dormatory over on broad street, this is a dark mostly hidden by overgrown weeds, abandoned houses side street called seen earth street, where someone met a man here, who fired all 18 rounds, emptying an entire clip from 9-millimeter gun hitting the driver of this 200800 day, at least five times, in the face, shoulder, chest and back, the car then went in reverse, into one of the old abandoned building rowhouses here, that then came crashing down on top of the car, crushing it. police returned right over here, thinking, they had just a car accident, until paramedics and the fire department crews pulled him out of the passenger door, the only way they could, because that was the only spot r