The debt load is certainly a major chunk of the expenses. No argument here. In fact, if a bunch more casinos go bankrupt in Vegas, this is a good thing for the gambler. This lowers their costs, and will encourage the hotels to lower prices in an effort to gain market share.
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Originally posted by: Roulette Man
This isn't from building high priced resorts, it is due to HIGH DEBT from acquired resorts. We are talking prices acquisition prices much higher than the hotel ever cost to build. They have choking interest payments to make twice a year. This is why we need competition in the market place.
Originally posted by: Roulette Man
This isn't from building high priced resorts, it is due to HIGH DEBT from acquired resorts. We are talking prices acquisition prices much higher than the hotel ever cost to build. They have choking interest payments to make twice a year. This is why we need competition in the market place.