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morning twitpics

You think regional casinos are cash cows? MGM knows they are

MGM is about to buy the Sands Casino in Bethlehem, PA for $1.3 billion. BILLION! For a casino that’s 60 miles outside Philly. Ever been through the Allentown/Bethlehem/Easton area? Yeah, it’s nothing special and yet MGM’s about to pay just under the value of an NFL franchise for a single gambling operation. Not multiple casinos. One casino, one price.

Numbers from :

This Way Out:

BUSTEDCOVERAGE Writer
BUSTEDCOVERAGE Writer
I started Busted in 2007, sold it in 2011 and Coed kept me around to run this operation. Based in Ohio. Contact me: @bustedcoverage
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