I'll go even further with this, then add a P.S. for Alan. Now that sports betting is ubiquitous across the country, there is even more reason to be large and liquid. Eventually, either there are going to be enormous numbers disparities, potentially in adjoining states, or there are going to be regional lines. The sports books outside of Nevada, even if they require an account number with which to make wagers, are never in my lifetime going to catch up to a simple family unit each organizing his/her own accounts and going liquid when necessary to juggle money across accounts. There's nothing illegal about it. And this doesn't refer to Nevada, where accounts are not necessary

As far as LV is concerned, once California legalizes sports wagering, you are going to see massive liquidity crossing state borders. Again, nothing illegal about it. It's your (our) money.

Welcome to the brave new world.


P.S. Glad you're the son of a mob lawyer, Alan. It explains a little of the arrogance. I can probably do you one better, but it's gonna have to wait until one of our death beds. If I'm going first, I'll fill you in.