Anyone know Tillman Fertitta's plan?
He's a big stakeholder in Wynn resorts. Arguably the highest class of the Vegas landscape. Why would he buy Caesars? Many of their properties are kinda low-brow, even for Vegas. Plus there's the cheap Reno properties, even worse, the Laughlin properties, and all the smalltown junk scattered across the country.
However, this low-end stuff in Vegas comes with high rents (Vici) that seem to do nothing but go up. Some considered it impossible to be profitable with those, and that was before Fertitta bought CET. Someone might say he's a fool for taking on CET and all the problems it has. Except Fertitta is one of the smartest guys in the room. I haven't looked for rumors at all. Anyone know how he plans to make a go of it? You can only squeeze out costs so much, and Caesars is pre-squeezed.
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This seems more like an LVL thread than an OOT thread.
possibly NVG worthy
Let's just make fun of his name. That's my plan.
Yes, people on 2+2 are familiar with billionaire's mind grapes.
No