Discussion in 'Casino Industry & Development' started by Chuck2009x, Oct 30, 2019.
Same idea as Bellagio. Just heard it on CNBC, I guess they announced it with their earnings.
I thought this was originally announced for sale a few months back when Bellagio was first announced as for sale? I guess it is just official now
Some might call it smoke and mirrors.
All leverage, taxes, cash flow, etc.
Here is the article:
They say they are aiming to be asset-light with the sale of mgm and bellagio, but then they say they’re going to invest in new casinos (hard asset) in Japan and Massachussetts. I think they are just diversifying away from Las Vegas.
Reading SloggingScotsman's post with all the doom and gloom, which I agree with, and then this:
"But, on the bright side, comps should be far easier to get."
Made me laugh out loud.
I've been reading a newsletter for years from this guy that has said that the artificially inflated stock market will crash. There is global debt that is unsustainable that will cause a reset. And as stated, multiple news sources are now predicting the same thing.
So yes, it would make sense for any company to diversify.
And they have been predicting it for years and they will keep predicting it until if and when it happens and they they can say see, told you so.
I'm shocked the MGM would be for sale.
Having had my knuckles gently rapped for being political, can I offer the moderators and the members here a public apology for my unthinkingly breaking the forums rules on politics when I responded to a post. It won’t happen again.
shokhead, you are correct, and most don’t get all that specific with precise dates, and most don’t have independent Mathematical evidence to support their claims through once secret, and now public government programs that sell such things to other governments and corporations. But you do need a good measure of professional scepticism.
Some of us work very hard to keep you safe. I for example once published a paper on how to find submarines, using predictive methods, big data, maths and oceanographic science. Until my terminal cancer diagnosis I was working on a way to better predict specific types of terrorist attacks. My work has been ridiculed by some and seems to have impressed others.
so maybe, though I give you probably not, but maybe, just maybe, my work is helping keep you safe. Though I have stopped it all now that I am likely to be dead in months to years (statistical “up to 5 years”). As I haven’t even received a thank you for it, nothing beyond an offer from a foreign national to package it and sell it to governments (I declined), in my final months to years, you know, family, doing stuff I want to do for myself where possible, etc is where I want to be. Someone else can continue my two decades work of trying to secure our global futures better. I clearly failed!
hopefully someone will succeed where I have failed. Best of luck to them.
Anyhow, sorry once again. I will think more before I post in the future.
MGM Grand for sale seems a little thing in what you're going through, @SloggingScotsman.
Wishing you peace and solace as well as the best outcome in the cards dealt to you, sir.
...May the blessing of light be on you, light without and light within.
May the blessed sunlight shine on you like a great peat fire, so that stranger and friend may come and warm himself at it.
And may light shine out of the two eyes of you, like a candle set in the window of a house, bidding the wanderer come in out of the storm. And may the blessing of the rain be on you,
May it beat upon your Spirit and wash it fair and clean, and leave there a shining pool where the blue of Heaven shines, and sometimes a star.
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