Mr. Smith
EOG Master
now all sinking
they had aggressive expansion plans based on greed with debt they can no longer possibly pay due to downturn.
Station Casinos announced bankruptcy today
MGM is out of covanent on their debt
Harrahs has 23.1 billion in debt, will not be long before they are officially cooked well done.
Wynn cant fill his hotels
Las Vegas Sands teetering
Terribles bankrupt
it was funny a few days ago I saw an analyst say a few years ago he crunched the numbers on these aggressive expansion plans for companies like MGM and Harrahs and the numbers simply did not add up. No way they should do it, but when he talked to managment, they would agree the numbers did not add up, but they figured it would somehow work out.
The analyst concluded the management just was not very smart.Really? You just fiuguring that out? Its been obvious for a long time.
Vegas has been run into the ground by bad casino management same as Detroit was run aground by bad auto management. But no one is coming to bail out Las Vegas. Just the opposite really, Obama slammed companies who have taken any bail-out money going to conventions there, causing millions of dollars damage from companies cancelling since then, many of whom did not take bail-out money but did not want to be possibly associated with corporate waste now.
they had aggressive expansion plans based on greed with debt they can no longer possibly pay due to downturn.
Station Casinos announced bankruptcy today
MGM is out of covanent on their debt
Harrahs has 23.1 billion in debt, will not be long before they are officially cooked well done.
Wynn cant fill his hotels
Las Vegas Sands teetering
Terribles bankrupt
it was funny a few days ago I saw an analyst say a few years ago he crunched the numbers on these aggressive expansion plans for companies like MGM and Harrahs and the numbers simply did not add up. No way they should do it, but when he talked to managment, they would agree the numbers did not add up, but they figured it would somehow work out.
The analyst concluded the management just was not very smart.Really? You just fiuguring that out? Its been obvious for a long time.
Vegas has been run into the ground by bad casino management same as Detroit was run aground by bad auto management. But no one is coming to bail out Las Vegas. Just the opposite really, Obama slammed companies who have taken any bail-out money going to conventions there, causing millions of dollars damage from companies cancelling since then, many of whom did not take bail-out money but did not want to be possibly associated with corporate waste now.
op: