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Thread: The Monthly Let's LOL At The Evil Empire

  1. #41
    Quote Originally Posted by Sanlmar View Post
    Quote Originally Posted by go_buccos View Post
    To be fair, Borgata, Golden Nugget and Trop all had far worse months than any Caesars property on a year-over-year comparison basis, and it really isn't even close.
    And yet I got shook outta my casino shorts again today. Being right isn’t enough. Rough game.
    San, sorry about your shorts, but specifically about Caesars wanting a sale (and "asking" $13 a share - even though they know they won't get that), and Carl Icahn interested in buying the whole shebang but saying $13 is too high (and Icahn also helped nix the $10.50 Eldorado bid as too low as he's already a big percentage owner and has stacked the board)...don't you think the sale will be for around $11.00 to Ichan? I mean he keeps saying he wants a deal where all shareholders are happy, so how can he turn around and take anything less that $10.50 now?

    This doesn't sound like a good short candidate today at the $9.95 current price...if a deal happens it will be north of that. But...if you don't think the sale will happen...that's a different story.

    Icahn knows these numbers pretty good, I'm sure. It'll be baked into his offer...

  2. #42
    go_buccos pointed out that other casinos are also biting the pillow.

    I’m playing MGM, WYNN, LVS short. I keep getting shook out. I’m persistent and it’s been good to me so I won’t be a quitter

    Macau is the wildcard and Trump China is so volatile. I have no doubt about the domestic casino problems.

    CZR is over as far as I’m concerned.

     
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      Forum Wars: Wish you the best; Glad CZR is not in there...it's a "special" situation for sure

  3. #43
    Quote Originally Posted by Tellafriend View Post
    Quote Originally Posted by Tellafriend View Post
    AC notwithstanding, what do you think about the stock here at 7? It just emerged from BK so surely that’s not an option again right ? Can they be bought ?


    Ahem...…


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    Bump.

  4. #44
    Quote Originally Posted by Tellafriend View Post
    Quote Originally Posted by Tellafriend View Post



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    Bump.
    hope you made some money holding that flea ridden shithole of a company...

  5. #45
    Cubic Zirconia
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    Quote Originally Posted by GambleBotsChafedPenis View Post
    Quote Originally Posted by go_buccos View Post
    To be fair, Borgata, Golden Nugget and Trop all had far worse months than any Caesars property on a year-over-year comparison basis, and it really isn't even close.
    im far too lazy to look it up but you have to look at the fail of the entire operation over months and months and months...id be willing to bet that last year those outlets had a pretty good '18 so the comps are a bit tough...again I don't care enough to look...

    and one more thing on Borgata...it's very tough to look at Y/Y comps for a property like that on a monthly basis...that is the best casino in AC that has the greatest number of high rollers...so they coulda beat the shit outta a few whales last year in a given month and not had that whale action or gotten killed by a whale this year in that same given month...
    All fair points.

    For me, the proof in the pudding will come starting in July, when we'll have our first full-month Y/Y comparisons with both Hard Rock and Ocean open for business.

     
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      GambleBotsChafedPenis: Nail On The Head With The July Statement Rep

  6. #46
    Quote Originally Posted by go_buccos View Post
    Quote Originally Posted by GambleBotsChafedPenis View Post

    im far too lazy to look it up but you have to look at the fail of the entire operation over months and months and months...id be willing to bet that last year those outlets had a pretty good '18 so the comps are a bit tough...again I don't care enough to look...

    and one more thing on Borgata...it's very tough to look at Y/Y comps for a property like that on a monthly basis...that is the best casino in AC that has the greatest number of high rollers...so they coulda beat the shit outta a few whales last year in a given month and not had that whale action or gotten killed by a whale this year in that same given month...
    All fair points.

    For me, the proof in the pudding will come starting in July, when we'll have our first full-month Y/Y comparisons with both Hard Rock and Ocean open for business.
    bingo...

    and one more thing about Borgata's performance...if you really wanted to get a grasp on their numbers you'd have to look at their coin-in and table drop numbers to see the volume of their business...coin-in numbers shouldn't be really influenced by any high rollers coming in because no handful of high rollers should have a giant effect on that...table drop can obviously get wonky because you can have a couple of whales come in and drop like $10M in bacc or something crazy like that, but you would look at prior year's results to see if that was the case then you can break out win and see if they got creamed by a few high rollers or if their actual core business was down...

    fuck me for still remembering all this bullshit...

    anyway it's gonna be interesting to see how the new overlords run AC...if I find out some of the cocksuckers that I know there got fired, im gonna shit in an envelope and send it to 'em...assholes...

  7. #47
    Owner Dan Druff's Avatar
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    Time for another LOL Caesars Operations story:

    https://vegascasinotalk.com/forum/sh...harges-2-1-RCs

     
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      IamGreek: Sigh

  8. #48
    Here’s a real treat for you big guy

    It’s Caesars-centric

    Try to catch Simmons analysis of the corporate decision making process. “Guys who never gamble .... etc”. This is exactly what you’ve been preaching.

    I’ve been preaching ALL the big ones stupid.

    Appreciate Simmons realization mid conversation about where the good gamble lies. What can I say. Middle America can’t do the math yet. I am wagering they ultimately will but the public is pretty stupid. Tough fade but I’m up to it

    It’s a beautiful listen.


     
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      Hockey Guy: That was a beautiful listen rep.
    Last edited by Sanlmar; 07-12-2019 at 08:31 AM.

  9. #49
    Quote Originally Posted by Sanlmar View Post
    Here’s a real treat for you big guy

    It’s Caesars-centric

    Try to catch Simmons analysis of the corporate decision making process. “Guys who never gamble .... etc”. This is exactly what you’ve been preaching.

    I’ve been preaching ALL the big ones stupid.

    Appreciate Simmons realization mid conversation about where the good gamble lies. What can I say. Middle America can’t do the math yet. I am wagering they ultimately will but the public is pretty stupid. Tough fade but I’m up to it

    It’s a beautiful listen.

    thx for posting san...yeah heard this at the end of his last podcast with house...was gonna email him, but got busy...

    as soon as you start seeing 6:5 BJ and triple zero roulette you know that the vegas of old was dead...

    I do wonder if MGM went back to 3:2 if they'd steal business back away from the shithole...and in turn would that business make up for the edge that they gave back to the customer...don't know if the spot that the shithole is in with the merger/takeover/whatever the fuck you wanna call it to go back to 3:2...

    you have to think about that whole decision as a whole too...if I can steal a customer not only do I get their action, but I get all their ancillary spend too...would be willing to bet that would be more than enough to make up for the edge you give up in BJ...

  10. #50
    Owner Dan Druff's Avatar
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    Eldorado is going to sell some of the Caesars Vegas properties, but which ones?

    https://vegascasinotalk.com/forum/sh...but-which-ones

  11. #51
    Diamond Hockey Guy's Avatar
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    Quote Originally Posted by Dan Druff View Post
    Eldorado is going to sell some of the Caesars Vegas properties, but which ones?

    https://vegascasinotalk.com/forum/sh...but-which-ones
    I doubt they give up that corner & keep Cromwell, Bally's & Paris(because it's connected to Bally's) & get rid of the rest starting with the Rio.
    (•_•) ..
    ∫\ \___( •_•)
    _∫∫ _∫∫ɯ \ \

    Quote Originally Posted by Hockey Guy
    I'd say good luck in the freeroll but I'm pretty sure you'll go on a bender to self-sabotage yourself & miss it completely or use it as the excuse of why you didn't cash.

  12. #52
    Quote Originally Posted by Hockey Guy View Post
    Quote Originally Posted by Dan Druff View Post
    Eldorado is going to sell some of the Caesars Vegas properties, but which ones?

    https://vegascasinotalk.com/forum/sh...but-which-ones
    I doubt they give up that corner & keep Cromwell, Bally's & Paris(because it's connected to Bally's) & get rid of the rest starting with the Rio.
    agree with the sentiment on the location...plus it's a relatively new property that I'm sure a pretty penny was sunk into (wasn't ever privy to what was going on outside the shithole that was AC, so couldn't even venture a guess as to how many pennies that was), so I doubt they'd want to cut bait on it yet unless there was somebody who wanted to give an outrageous amount for it...

    my question is who is buying their shit? and are they even going to get a reasonable valuation on it...from everything you guys say on here the rio is a fucking dump in need of a ton of renovations...who's gonna pay top dollar for that place? or fuck who's gonna even pay a top fofty cent piece for that place?

    and whatever property(ies) they end up jettisoning on the strip, who's buying 'em? TI? station? can't see Sheldon buying anything other than CP, just doesn't seem like anything else fits his brand...doubt that MGM would want anything to do with the shit ones either...maaaaaaaaaaaaybe you could talk me into them wanting planet Hollywood...

  13. #53
    RIO. 888 acres..Gonna be a Tremendous Little City...40 acres Larger than Central Park in Manhattan,NY.

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