Magna filings feature bankruptcy advisor

[philcski]

Originally Posted by Scav

If you listened to Churchill's Quarterly report, supposedly they are in a position to grow and their last couple of quarters have been strong. But it was very salesly, like all quarterly reports

I doubt the SEC would allow them to buy up Magna though as they would be a major stronghold on the industry.

SEC doesn't make decisions on antitrust cases (no, not OUR antitrust)... Justice Dept does. SEC regulates securities and exchanges. I wouldn't think the Justice Dept would oppose a merger here with the stipulation of the furlough of "less-essential" properties as there would still be enough competitors in the marketplace.

Harrah's-Caesars merger would be a comparable case.

[dalakhani]

Originally Posted by philcski

SEC doesn't make decisions on antitrust cases (no, not OUR antitrust)... Justice Dept does. SEC regulates securities and exchanges. I wouldn't think the Justice Dept would oppose a merger here with the stipulation of the furlough of "less-essential" properties as there would still be enough competitors in the marketplace.

Harrah's-Caesars merger would be a comparable case.

yeah, but with harrah's caesars, you still had mgm-mirage and to a lesser degree Sands as viable competition.

Where would the viable competition be for churchill/magna from an online or live racing standpoint?

[philcski]

Originally Posted by dalakhani

yeah, but with harrah's caesars, you still had mgm-mirage and to a lesser degree Sands as viable competition.

Where would the viable competition be for churchill/magna from an online or live racing standpoint?

NYRA... Keeneland... Del Mar... however, I would expect they would be required to sell non-core assets, as stated.