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MGM Expected to buy Sands Bethlehem

Discussion in 'Non-Vegas Casino Hotels' started by srudude87, Mar 5, 2017.

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  1. srudude87

    srudude87 Low-Roller

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    A couple days old on this but in case you all didn't see, Sands employees were supposedly told the place would be sold. Now it looks like MGM is buying it. The security guards voted to unionize and Sheldon isn't a fan of unions. I always liked the place but never felt comfortable giving him my money.
     
  2. Fligster

    Fligster VIP Whale

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    I hope this is true. I grew up in Bethlehem, still have relatives there and go to the area a couple of times a year.
     
  3. SH0CK

    SH0CK Stylin' and Profilin' Quasi Tech Admin

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    Found this article. Sounds like it's going to happen.
    http://www.mcall.com/business/mc-bethlehem-sands-casino-sale-20170303-story.html

     
  4. Daani

    Daani Low-Roller

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    If this is the wrong section I apologize and politely ask it to be moved.
    MGM is spreading everywhere. Just these days I read that the Sands Bethlehem is being sold to MGM for about 1.3 Billion, news post 03/08/17.
    I should seriously consider buying their stock?!? What do you think???
     
  5. zoobrew

    zoobrew High-Roller

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    Watch Macau, MGM's casino licenses comes due in 2020 and with Trump who knows if the Chinese will renew them for an American company. For Wall Street, 2020 is almost right around the corner. Also it has been my experience that many companies are better at buying assets at the top then at the bottom.
     
  6. lithium78

    lithium78 VIP Whale

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    You shouldn't be buying any individual stocks. Just put your money into VTSAX and then sit back and rake in the bucks. That's what I do and why I get to waste lots of money in casinos.
     
    4-Day Getaway to Atlantic City!
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