Quote of the Day

“It’s retribution, and it’s an incredibly bad business decision because there is so much brand equity wrapped up in that Mirage name. Kirk Kerkorian would not have bought those resorts were it not for all the value and mystique that Steve Wynn created.”– Yr. Humble Blogger, ripping the proposed re-flagging of MGM Mirage as “MGM Resorts International.” Please forgive the self-quotation: This decision by MGM is so insanely bad it cannot be flayed often enough. Besides, between the cost of rebranding everything with the new moniker (right down to the stationery) and the lost equity value of the Mirage name, this is tantamount to setting tens — if not hundreds — of millions of dollars on fire.