This is a RUSH transcript from "The O'Reilly Factor," May 23, 2012. This copy may not be in its final form and may be updated.
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O'REILLY: "Watters World" segment tonight. The unemployment rate in America is 8.1 percent. In Nevada it's 11.7 percent. Nevertheless, Las Vegas is hopping, so we sent Jesse Watters to find out why.
(MUSIC: "Viva Las Vegas")
ROBIN LEACH, TV PERSONALITY: You've got to know a little bit about this city, because it really is a tale of two cities, as Charles Dickens once wrote.
JESSE WATTERS, "FACTOR" PRODUCER: What are you guys doing in Vegas?
UNIDENTIFIED MALE: Go to some clubs maybe tonight, Thursday night, Friday night,and Saturday night.
UNIDENTIFIED MALE: I like this guy.
UNIDENTIFIED MALE: Having a little me time.
WATTERS: Now, what does "me time" mean?
UNIDENTIFIED MALE: Me time is doing some shopping.
UNIDENTIFIED MALE: Shopping and more shopping.
UNIDENTIFIED FEMALE: We actually came out for a girls' weekend.
UNIDENTIFIED MALE: I'm partying. I'm having a great time.
WATTERS: You looked stressed.
UNIDENTIFIED MALE: Yes.
UNIDENTIFIED MALE: The world ain't all sunshine and rainbows.
UNIDENTIFIED MALE: I'm going to do Saturday night (UNINTELLIGIBLE) taco.
WATTERS: What about gambling?
UNIDENTIFIED MALE: I'm not a big gambler. I do actually drop in a couple quarters in the slot.
UNIDENTIFIED MALE: I just hope you had better luck than I had.
WATTERS: Are you guys doing gambling?
UNIDENTIFIED MALE: I don't like throwing my money away.
WATTERS: So what do you play on each hand?
UNIDENTIFIED FEMALE: 100 or 2.
WATTERS: What clubs are you going to?
UNIDENTIFIED MALE: Strip clubs.
JEREMY PIVEN, ACTOR: He's got some fire to him. I like that.
WATTERS: How much are you guys spending on the room at the Venetian?
UNIDENTIFIED FEMALE: I -- a grand.
UNIDENTIFIED MALE: I tend to give myself around 4 or 500 for fun.
UNIDENTIFIED MALE: I said 125 zero dollars (ph).
CHRIS TUCKER, ACTOR: Do you speak-a any English?
WATTERS: Do you feel weird dropping 400 bucks on a bottle of liquor?
UNIDENTIFIED FEMALE: When there is 10 girls make you feel a little bit better.
UNIDENTIFIED FEMALE: Excuse me, can I have a glass of alcohol?
WATTERS: When you go out to a restaurant, what are you spending on a nice meal?
UNIDENTIFIED MALE: Usually around 100.
UNIDENTIFIED MALE: We're spending $500 a night.
WATTERS: What kind of tip do you leave?
DON RICKLES, COMEDIAN: Don't tell me, let me guess.
UNIDENTIFIED MALE: Twenty-five percent.
JOHN WAYNE, ACTOR: I like the way you said that.
UNIDENTIFIED FEMALE: A $10,000 tip.
UNIDENTIFIED FEMALE: Shut your mouth when you're talking to me!
WATTERS: Doing a lot of drinking out here?
UNIDENTIFIED MALE: Got to keep your wit around here. Characters, you know.
WATTERS: Like that guy right there.
Times are tough?
UNIDENTIFIED MALE: I'm Tom Cruise.
WATTERS: You're Tom Cruise?
UNIDENTIFIED MALE: Yes.
WATTERS: I like "Mission: Impossible."
TOM CRUISE, ACTOR: What?
WATTERS: Are you a 1 percenter?
UNIDENTIFIED FEMALE: What does that mean exactly?
FRANKIE AVALON, ACTOR: What?
UNIDENTIFIED MALE: I employ over a thousand people. The American dream.
UNIDENTIFIED MALE: Because of the economy we're having, to have a person come in and spend 4 or $500 on a bottle of wine. Probably spend a buck 75.
ROBERT DE NIRO, ACTOR: That's how serious it is.
UNIDENTIFIED MALE: When Obama mentioned about the industry, it's not the place to be, it died for three or four years.
BARACK OBAMA, PRESIDENT OF THE UNITED STATES: When times are tough, don't blow a bunch of cash on Vegas.
WATTERS: How do you think things are going?
UNIDENTIFIED MALE: I think we need a change in presidency.
WATTERS: I thought we were supposed to have change.
UNIDENTIFIED MALE: For sure.
WATTERS: Do you ever watch "The O'Reilly Factor."
UNIDENTIFIED FEMALE: I love bill.
WATTERS: You do?
UNIDENTIFIED FEMALE: I do. He's so honest, and he has those pithy words. I just love him.
O'REILLY: Do not be a jackanapes.
Watters: What's your favorite part of the show?
UNIDENTIFIED MALE: I've never watched it. I'm sorry.
JAMES CARREY, ACTOR: I can't lie.
UNIDENTIFIED FEMALE: My grandpa said for his 83rd birthday that he wants a copy of "Killing Lincoln."
WATTERS: All right. We'll see if we can make that happen.
UNIDENTIFIED FEMALE: Sounds good.
UNIDENTIFIED MALE: I've been to (UNINTELLIGIBLE)
WATTERS: Where haven't you been?
O'REILLY: All right. So when you were there, there was a lot of commerce, right?
O'REILLY: Clubs filled? The casinos filled? People running around?
O'REILLY: But Leach at the top of the piece says a tale of two cities.
O'REILLY: And Vegas has more unemployment than most cities, more than 11 percent. So who's not working?
WATTERS: Well, here it is. There's about a half a million population in Vegas. But 40 million people visit Vegas each year. So it's a trickle down economic situation.
Conservative tycoons run the strip. You have Sheldon Adelson, Steve Wynn. And they compete to see who can build bigger fiefdoms there.
O'REILLY: Aren't they hiring people? Like, if you go to Vegas and can't you get a job there? Don't they need service people there?
WATTERS: Well, they're tightening things up. In a way, it's kind of like a jobless recovery that people are talking about.
O'REILLY: Not hiring?
WATTERS: Well, they're hiring, but it's not like, you know, big-time jobs. You're getting small jobs. Menial labor, a lot of illegal immigrants. We saw a lot of illegal immigrants on the street, passing out strip club cards, people doing menial labor. Those kind of things.
O'REILLY: OK. So it is the people who come bring money.
O'REILLY: The people who live there don't have any right now.
WATTERS: They don't have a lot. But it's on the way back. I don't want to sell out Vegas. They're coming back.
O'REILLY: All right. Jesse Watters, everybody.
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