Re: Let the divestitures begin.
- From: ":-)" <xyz@xxxxxxxxx>
- Date: Tue, 12 Oct 2010 21:02:14 -0700 (PDT)
On Oct 12, 7:54 pm, Gary <Gary...@xxxxxxxxx> wrote:
As I suggested earlier in the year, I thought that MGM was in over its
head with City Center and that they would only be stealing occupancy
from their own properties to fill Aria. The casino is not doing anywhere
near expectations, the condo sales are flatter than Keira Knightley and
the only way mall is going to make money is to charge admission to walk
though it. City Center is causing MGM to hemorrhage money faster than
Nicholas Cage at an Bahamian island auction.
It what will surely be the first of many cut their losses sales, MGM
announced today that it has received an offer for its half of Borgata.
The $250 million they'll get from the sale won't make a dent in their
current situation.
I'd make book that their next divestiture will be NYNY or Mirage and
sooner rather than later.
Yeah, GArY, I read articles like those too. Funny how you feel the
need to make it look like this is coming from you, rather than it
being stuff you gleaned from others.
A*
.
- Follow-Ups:
- Re: Let the divestitures begin.
- From: Las Vegas Don, in Vegas!
- Re: Let the divestitures begin.
- References:
- Let the divestitures begin.
- From: Gary
- Let the divestitures begin.
- Prev by Date: Let the divestitures begin.
- Next by Date: Re: Harrah's Steakhouse Recc.
- Previous by thread: Let the divestitures begin.
- Next by thread: Re: Let the divestitures begin.
- Index(es):
Relevant Pages
|
