Quote of the Day

“Our intent is to be a large capital facilitator to enable SBE to embark on a shopping spree through the rubble and wreckage of a stretched industry, and do those bold things that others would not consider.” — Colony Capital CEO Tom Barrack. With the bankruptcy of Station Casinos, the repossession of Resorts Atlantic City (above), the ongoing foreclosure of the Atlantic City Hilton and a recent investment in the increasingly seedy Sahara on his resumé, Barrack is definitely becoming synonymous with “rubble” and “wreckage.”