Friday, April 25, 2008

Last thoughts on Vegas

As promised here are my last thoughts on Vegas. From what my former card playing buddy tells me, with only minor exceptions, half of the Vegas strip is owned by MGM Mirage and the other half is owned by Harrah's.

Why has there been so much consolidation? The casino business is so stamped out that buying and operating a new casino is almost exactly like any other casino you own. Meaning you can buy just about any casino, cut the management overhead and run casino A just like casino B. The only real difference is the name on the door.

I promise a new subject starting tomorrow.

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