The Palms is behind in their mortgage. So anyone with big money can pick up the
mortgage and foreclose. Caesars will ruin the Palms; but the Moloofs don't have
deep enough pockets or friends in high places.
________________________________
From: mike <melbedewy1226@hotmail.com>
To: vpFREE@yahoogroups.com
Sent: Wed, January 19, 2011 12:53:00 PM
Subject: [vpFREE] Re: Is the Palms going to be taken over by Caesars
Entertainment Corp.?
http://www.youtube.com/watch?v=_T6bXYp-R9Q
--- In vpFREE@yahoogroups.com, "cb_ray" <cb_ray@...> wrote:
>
> Last night at Harrah's I was talking with someone with Caesars Entertainment
>Corp. about the rumor that I heard about them wanting to move the WSOP because
>they were trying to sell the Rio. I was told no they are looking at moving WSOP
>to PH so they would have more room. Then the kicker came out of my sources
>mouth. "Why would Caesars sell the Rio? Apollo Management (part owners of
>Caesars) is buying up the Palms debt so Caesars can take them over like they did
>with PH."
>
>
> Can anyone in the know confirm this?
>
[Non-text portions of this message have been removed]
