Quote:
Originally Posted by dalakhani
You called the 150k of gaming space " a major piece of the puzzle" Would you like me to link you to the post you said it in Fred Astaire? LOL
Why do you have such a strong opinion about a project you admittedly don't know a whole lot about? Its interesting to me. And they aren't charging 82 bucks a night. Thats a big part of the problem. The average nightly rate is about twice that and the weekend rate is over 3.5x that.
But what are they going after? Again, success or failure can't be judged in the first quarter.
As far as Dubai World being done, surely you don't think that Kirkorian et al is suddenly broke or creditless. Do you?
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Grasping at strws? You are now analyzing my choice of words?
The fact that of the 109 condo units sold so far all have been 100% financed by City center themselves isnt troubling to you? The fact they were planning on $2.7 billion dollars in revenue of condo sales at the height of the market isnt troubling? The fact that when launched the MGM stock prices was $100 a share and it is now at $14 isnt troublesome? That this place was a stretch in the best of times and is assuredly facing something less than that isnt troubling?