Way back when Steve Wynn and Donald Trump were competing for rights to build what ultimately became the Borgata in AC, Wynn reportedly said, "No one with a negative net worth (meaning "The Donald")should get a license to own a casino."
Modern private-equity financing methods have largely mooted that point about owner solvency, but I do wonder if a company that can't even afford to finish its new Caesars Palace tower should try to add more Vegas casino properties in the current economic environment.
The GMan
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--- 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 *****Caesars can take them over like they did with PH."
