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El Dorado makes offer on CET

Discussion in 'Casino Industry & Development' started by donfairplay, Jun 6, 2019.

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  1. sinnerman

    sinnerman Low-Roller

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    Wouldn't it make sense to keep the same building, gut the interior and improve its quality. Demolishing the building only makes sense if you want more floors and would prove much costlier than just remodeling the interiors right?
     
  2. HoppinHardWays

    HoppinHardWays Low-Roller

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    Lets pool our money together and buy Cromwell
     
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  3. mtdiller

    mtdiller Tourist

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    It would be cheaper, that's for sure. Cromwell feels like it would have more value if it were torn down and a taller building were built in its place, integrated into the Flamingo property. And the Flamingo itself has towers that date from the 1970s. Not the oldest on the Strip but getting there.

    I also forgot about the timeshare at the back of the property, which is an additional complication.
     
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  4. nostresshere

    nostresshere Mr. Anti Debit Card

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    Here is the answer:

    Who gets what will be part of the sale negotiation. And you can be sure the player database information, and accrued "points" are a serious point in the negotiations.

    Until there is a sale, and until they reveal what they got and until they make decisions going forward, NOBODY KNOWS.
     
  5. Headache 21

    Headache 21 Low-Roller

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    God forbid somebody discusses it on a message board to try and get a sense as to what would happen!
     
  6. Mitkraft

    Mitkraft VIP Whale

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    God certainly wouldn't forbid it (although, I'm not sure, it might be in the Apocrypha) but it wouldn't be crazy if the powers that be did because mindless speculation and getting all riled up about something ten decisions down the road of something that's complete rumor at this point is really pointless and serves nobody. Discussing the rumor of a potential sale makes sense, but getting all upset because the unknown new owner maybe won't have a Keurig coffee maker in the room is kinda silly.
     
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  7. Roccoscollar

    Roccoscollar High-Roller

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    That Ceasars balance sheet is so riddled with debt it's going to take some tremendous cost cutting to turn a profit. And if you don't own the land I'm not sure why El Dorado is even in the game.
     
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  8. nostresshere

    nostresshere Mr. Anti Debit Card

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    Oh crap..... no Keurig in the rooms! Gonna cancel my trip for October right now. Sum-bitch!
     
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  9. Grid

    Grid VIP Whale

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    I'd rather play in a sterile Aria or Park MGM, then a septic Ballys or Flamingo.
     
  10. spdandpwr

    spdandpwr VIP Whale

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    I swear I get sick every time I come back from Harrah's Atlantic City
     
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  11. VegasBJ

    VegasBJ VIP Whale

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  12. spdandpwr

    spdandpwr VIP Whale

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    I just don't know how much credibility the NYPost has...like why would you go on there versus DealBook or WSJ or MarketWatch or BusinessInsider or SeekingAlpha...something seems fishy
     
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  13. VegasBJ

    VegasBJ VIP Whale

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    fishy about their story? What parts?

    This headline was on various news feeds this morning. I didn't see a WSJ news feed today about this sale and the possible hold ups??
     
  14. spdandpwr

    spdandpwr VIP Whale

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    Think or Swim published the following:

    (=) Billionaire investor Carl Icahn has agreed to the $10.50 per share bid made by Eldorado Resorts (ERI) for Caesars Entertainment (CZR), a price that was previously rejected by the board of casino gaming company, the New York Post reported, citing sources. Both companies were flat after the news. "Confirmed on TD

    This was published AFTER the NYPost article.
     
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  15. VegasBJ

    VegasBJ VIP Whale

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    OK, this is updated news. I was posting the news that the NY Post reported. Also, think or swim does not show up on news feeds, lol. You have to go hunting for these articles
     
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