Caesars and Eldorado

[Mimi]

Who's this VICI group? Will they become a non Caesars property? If so, bummer losing Laughlin and NOLA.

[zeus]

Who's this VICI group? Will they become a non Caesars property? If so, bummer losing Laughlin and NOLA.

What they are doing is selling the properties to VICI, and then turn around and establish leases for them and continue running them as casinos. This will give them cash on hand. A lot of companies do this. You won't notice anything different.

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[foamy]

What they are doing is selling ths properties to VICI, and then turn around and establish leases for them and continue running them as casinos. This will give them cash on hand. A lot of companies do this. You won't notice anything different.

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Our John Deere dealer sold all his property and leases it back.

[Mimi]

What they are doing is selling the properties to VICI, and then turn around and establish leases for them and continue running them as casinos. This will give them cash on hand. A lot of companies do this. You won't notice anything different.

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Glad I could tell Jeff it's gonna be ok, lol. He loves Laughlin. Thank you for explaining.

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[Georgiagambler]

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[ozzynog]

I just read my email. You are quick

[Curlyd]

Yep got my email too!

[Slotspert]

Vital Vegas suggested PH may be sold off to another gaming company... all rumor at this point.

El Dorado is destined to off-load some of those Caesars properties which may allow new competition to enter the marketplace. In Nevada, I can see El Dorado dumping: Rio, Harveys Tahoe, and Harrahs Reno.

[treyster]

El Dorado is destined to off-load some of those Caesars properties which may allow new competition to enter the marketplace. In Nevada, I can see El Dorado dumping: Rio, Harveys Tahoe, and Harrahs Reno.

I don't know how you get rid of Rio, who's gonna buy a huge place like that when it costs more to operate than the revenue it can create? How do you make it appealing again?

I'm sure CET knows their debt represents a threat to their survival and they may be forced to unload some properties to pay it down, but doing so may create direct competition like in Tahoe and the Strip.
I think CET is just one recession away (and we're due for one in a few years) from being insolvent. They played some shell game and survived the last recession, it will interesting so see what happens going forward

[Slotspert]

I don't know how you get rid of Rio, who's gonna buy a huge place like that when it costs more to operate than the revenue it can create? How do you make it appealing again?

I'm sure CET knows their debt represents a threat to their survival and they may be forced to unload some properties to pay it down, but doing so may create direct competition like in Tahoe and the Strip.
I think CET is just one recession away (and we're due for one in a few years) from being insolvent. They played some shell game and survived the last recession, it will interesting so see what happens going forward

Rio has turned into a undesirable lonely orphan. It used to be one of my favorites with the eateries, sand beach pools, parade in the sky (I was in that parade a few times!), modern, well maintained rooms, and nice casino (during the "Play Rio" days) . I see a timeshare operator grabbing it as they done with the Westgate.

The California NA have sucked the life out of the Lake Tahoe gaming market so it would be interesting to see what they do with that.