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Comment by lsiunsuex | Hacker News Reader

I asked years ago (and I'll ask again!)

I wonder what Las Vegas would look like if tech companies started buying / building hotels in Vegas

At one point MGM owned almost 1 third - half the strip (ish) - recently they've been selling off properties which is a shame, MGM properties are my preferred resorts.

Maybe Amazon can breath some life into Excalibur or Luxor but it sounds like those are not part of the deal

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MGM the studio was spun off from the much more profitable and burgeoning casino segment around the early 80s. Since then, tons of different buyers have gone in and out for the casino. Maybe MGM the studio too.

It's a different MGM. They're not getting the casino

Metro-Goldwyn-Mayer Studios Inc, which is the MGM Amazon bought is not the same company as MGM Resorts International, which is the MGM that owns casinos. The casino people become an independent company year and years ago.

Names are similar because they were one company until 40 years ago

Edit: comment was edited a bit. Before it mentioned the names are similar but unrelated.

Yeah I got their history confused with a completely different company for a second then realized my mistake. I haven't had my coffee yet.

Yeah. I didn’t know whether to delete my comment or not. I also had to re verify the history since I am geekily into tech and media startups, corps, but not casinos or brick and mortar.

lol, online monopoly isn't enough for the tech companies? You want them to monopolize offline too? :)

>lol, online monopoly isn't enough for the tech companies?

That raises an interesting question - how would non-tech companies compete online? Shouldn't tech companies be an effective monopoly in tech?

Do mining companies have a monopoly on the mining industry?

I don't know how many mining companies there are, but if there is only one or two companies that take 80%+ of the market, then yeah, that is a monopoly/duopoly. Online - one company (Google) controls most of search, two companies (Google and Apple) control nearly all of mobile OS, one company (Amazon) more than half of cloud market, one company (Facebook) controls much of social, one company (youtube/google) controls most of video market.... etc etc.

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