Golden Nugget, Ceasars Merger ? ?

[JIMDUECE`SWILD]

https://www.pressofatlanticcity.com/new ... ff8e2.html

[billryan]

Might be good news for CET players. I think this is more about expanding his restaurant empire than casinos, though.

[FAA]

Misery loves company. Seriously, there's synergy to be had here.

[DaBurglar]

Bad News all around.....Competition is good for consumers (that's us.) Right now, Golden Nugget is NOT a server based property, they still have their games single stand alone chip operational. The Caesars Server is just BAD news for serious VP players.

IF it does go thru, I at least hope they allow GN to continue operating independently which might spare some of the BS that will follow a typical merger. The Golden Nugget in AC is one of the more enjoyable properties in terms of a nice, basic steady VIBE, decent food and a interesting POKER ROOM. CET can only mess that up with their corporate bludgeoning of operations and heavy handed style.

[billryan]

It's funny.
I look at this merger and think Mr. F will fix Caesars, and others see it as Caesars ruining the Nugget.

[FAA]

I know Mr. F. owns the Rockets, but this can be an air ball just as much as a slam dunk if CET MO prevails. I think that he is being handed the reins, so hopefully the indie vibe continues. Good to see that DB's VP losses there don't bias his astute analysis. He's a straight shooter. That said, from prior posts his VP days are basically over.

[JIMDUECE`SWILD]

http://casinoconnectionac.com/issue/vol ... er-a-no-go

[DaBurglar]

That's good news for players/customers....maybe.

Here's what i found interesting about this article: CET actually went through a FORMAL, REAL bankruptcy in 2015....did I miss this or am I just forgetful? I knew that CET was considering bankruptcy as early as 2013 due to the ridiculous, MASSIVE debt they incurred via the leveraged buyout by private equity idiots PLUS management's insane buying spree just prior to the great recession where CET bought up a lot of lesser performing casinos in an effort to dominate the casino business. But I actually believed they never reached bankruptcy, that they had been squeaking by all this time! Wow, they were able to write off nearly 12 BILLION in debt....please tell me some jerk lost his job because of that. Trust me, someone ELSE wound up paying that debt, albeit not at once and not in any recognizable line item (namely, consumers and everyday people paid it off in the form of higher fees and costs for all manner of banking and financial services.)

Debt has become too easy, too central in just about any soft, non-durable industry or service oriented industries. It's ridiculous.....someone ALWAYS pays, just rarely the one who should.