Maxioms by Jason Ader
We definitely expected more consolidation in the industry, although it is always hard to imagine a deal of this magnitude. read more
We definitely expected more consolidation in the industry, although it is always hard to imagine a deal of this magnitude. Mirage's management has underperformed and the stock has languished recently, making it a great opportunity for MGM Grand. But this will have to be a friendly deal if it has a shot of working.
The hotel business is on fire. I mean, you look at every major city, and the Four Seasons continues to read more
The hotel business is on fire. I mean, you look at every major city, and the Four Seasons continues to widen its gap over Ritz-Carlton and other premium brands that are out there. But the reality is, you know, the stock is trading at a huge valuation multiple, over 20 times cash flow.
MGM is very deliberate. They are not going to do a deal that isn't immediately accretive to earnings per share. read more
MGM is very deliberate. They are not going to do a deal that isn't immediately accretive to earnings per share. Harrah's, on the other hand, has done deals that aren't accretive.
Right now, I think Hilton has clearly put a wrench in the process by offering $70 per share.
Right now, I think Hilton has clearly put a wrench in the process by offering $70 per share.
The gaming commission would look long and hard. We think it would be hard to get licensed.
The gaming commission would look long and hard. We think it would be hard to get licensed.
