The quote is ".13%"
The math is 1.3%
The reality is she had >$40 million and lost it all and then some.
$40 million is 4% of a $billion action
Clementiyn estimates >$3 billion action
Math would be ~.4% FPJB 1-E.V for $one billion action.
Math would be ~.13% FPJB for $3 billion action.
Add to E.V. her C.B. B.B. Gift Cards etc
Deduct mistakes/booze etc.
What's wrong with this picture?
Starting make sense 2 me but it's Sunday morning and maybe brain fart.
What a movie this could be!
It is an educational read the news item that Mickey Crimm linked.
--- In vpFREE@yahoogroups.com, "mike" wrote:
>
>
>
> --- In vpFREE@yahoogroups.com, "Dave" wrote:
> >
> > ".13%" Not 1.3%.
> >
> > --- In vpFREE@yahoogroups.com, "Slowpoke" wrote:
> > >
> > > Roughly $1 billion coin in over ten years. So $100 million per year with a reported loss of about 1.3%. As Mickey said, probably pretty close to theo.
> > >
> > > There is a back story here which may never be told. What comps did she receive for her $100 million coin in per year? What incentives or rebates did the casinos provide? Do you think she was invited to have Noir status at MLife?
> > >
> > >
> > > > >
> > > > I picked up on the same thing with the dishonest and/or ignorant reporting. A $13,000,000 loss on $1,000,000,000 in W2-G's is just .13%. For someone who probably had no video poker education she held them amazingly close. With a little more education she might have shown a profit.
> > > >
> > > > http;//abcnews.go.com/US/wireStory/san-diego-mayor-faces-money-laundering-charge-18502139
> > > >
> > >
> >
> Wait a minute. A billion coin in with 13 million in losses is 1.3% not .13%.
>
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